Because of design and manufacturing costs, it is important to predict an expected life of bellows with component stresses of bellows as its design factors and material characteristics. In this study, numerical analyses are carried out to elucidate the thermal and flow characteristics of the bellows-seal gate and globe valves for high temperature (max. $600^{circ}C$) and for high pressure (max. $104 kgf/cm^2$) conditions. Using commercial codes, FLUENT, which uses FVM and SIMPLE algorithm, and ANSYS, which uses FEM, the pressure and temperature fields are graphically depicted. In addition, when bellows have an axial displacement, thermal stress affecting bellows life is studied. The pressure and temperature values obtained from the flow analyses are adopted as the boundary conditions for thermal stress analyses. As the result of this study, we got the reasonable coefficients for valve and thermal stress for bellows, compared with existing coefficients and calculated values.