Calculations of the value of pieces provide only a rough idea of the state of play. The exact piece values will depend on the game situation, and can differ considerably from those given here. In some positions, a well-placed piece might be much more valuable than indicated by heuristics, while a badly-placed piece may be completely trapped and, thus, almost worthless.
Valuations almost always assign the value 1 point to pawns (typically as the average value of a pawn in the starting position). Computer programs often represent the values of pieces and positions in terms of 'centipawns', where 100 centipawns = 1 pawn, which allows strategic features of the position, worth less than a single pawn, to be evaluated without requiring fractions.
http://en.wikipedia.org/wiki/Chess_piece_relative_value
http://home.comcast.net/~danheisman/Articles/evaluation_of_material_imbalance.htm

Home