The main approaches to this question can be divided into the Kantian tradition, which considers concrete things like persons to be the bearers of value, and the Moorean tradition, which holds that only states of affairs bear value. This difference is important when determining whether a value is extrinsic or intrinsic to an entity.
The two approaches to this question are the Kantian tradition, which views concrete entities as value bearers, and the Moorean tradition, which holds that only states of affairs possess value.  This distinction is crucial in understanding whether a value is inherent or external to an entity.