Shale fracturing evaluation is of great significance to the development of shale oil and gas resources, but the commonly used shale evaluation methods (e.g., the method using the brittleness index based on mineral composition or elastic parameters) have certain limitations. Fractures and beddings affecting fracturing are not considered in these methods. Therefore, it is necessary to develop a new method to evaluate fracturing more comprehensively. The samples used in this research were taken from four typical continental shale basins of China, namely the Bohai Bay Basin, the Ordos Basin, the Songliao Basin, and the Junggar Basin. From a microscopic point of view, a three-parameter evaluation method involving multi-dimensional factors has been developed based on the nanoindentation method. Then, the fracturing coefficient K2 is obtained by combining the ratio β of the fracture indentation to the total indentation and the uneven coefficient m. After that, the fracability coefficient K3 is the ratio of the elastic modulus parallel to bedding to that perpendicular to bedding. Finally, the correlation between fracability coefficients K1, K2, and K3 is used to evaluate the overall fracturing performance of shale. The results of this evaluation method are in good agreement with the actual fracturing performance. It can be concluded that this method is highly reliable and practical and well worthy of promoted applications.