A method for monitoring health of a valve is presented. The method includes receiving an acoustic emission signal from a sensing device operatively coupled to the valve, selecting a region of interest signal in the acoustic emission signal, determining a plurality of current parameters based on the region of interest signal, and monitoring the health of the valve based on at least the plurality of current parameters, wherein the region of interest signal comprises acoustic emission data generated from initiation of an opening of the valve until the valve is partially opened.