By using the method of document and practical research, the author takes Henan Province for example to analyze the chain value and its effectuation conditions of the physical education exam system in China. Taking the physical education exam of high school entrance exam in Henan Province as the example, the author analyzes and researches the formation, development history, and value of physical education exam. This is of great practical significance to further perfect the physical education exam and exam assessment system reform, revise the incorrect trend of partially pursuing the enrollment rate from the root angle, promote the status of physical education at school, and improve students' the overall development.