全球估值观察系列七十：上证指数估值为24.7%分位数

证券研究报告 上证指数估值为24.7%分位数 ——全球估值观察系列七十 分析师：李美岑 SAC：S0160521120002 联系人：张洲驰 报告日期：2023.09.16 全球指数涨跌及估值汇总 全球股市 涨跌幅 PE PB 本周上周年初至今月初至今 2023/9/15历史分位数25分位50分位90分位 2023/9/15历史分位数25分位50分位90分位 英国富时100日经225韩国综合指数中国台湾加权指数法国CAC40印度SENSEX30俄罗斯RTS德国DAX道琼斯工业指数上证指数恒生指数标普500纳斯达克指数深证成指 3.1%0.2% 3.5% 28.5%16.3%19.7%14.0%11.4% 6.0% 14.1% 4.4%0.9% -8.1% 15.9%31.0% -7.9% 3.7%2.8%1.8%1.7%0.8%4.6% -2.8%-0.3%-0.3%-0.1%-1.1%-1.3%-2.3%-2.6% 9.77 17.3315.7410.8113.3723.28 4.38 12.6025.9413.09 8.90 24.5139.8322.32 0.4%20.6%61.9%3.0%16.3%48.9%6.6%10.7%93.9%25.0%8.8%84.5%74.0%40.1% 14.9917.8956.7018.0321.5951.0811.3814.1026.2114.6616.2123.2514.4018.9627.3421.7723.3130.43 5.597.0410.62 13.6816.6838.3715.8318.2424.2613.0916.2247.72 9.5711.7417.58 17.1819.9726.2629.2933.7362.4417.5225.0143.95 1.591.860.941.871.693.460.781.566.311.300.924.204.972.27 14.5%78.5%26.4%81.4%86.4%87.8%30.0%42.8%92.9%5.1%3.6%90.6%88.8%19.6% 1.661.791.941.481.662.090.931.041.371.611.682.011.301.451.742.832.983.540.760.831.121.471.611.922.883.456.011.501.864.451.141.382.172.542.844.172.893.465.112.422.934.62 2.8%-0.3%2.1%-0.6%2.1%-0.4%1.9%-0.8%1.8%1.9%1.7%-4.1%1.0%-0.6%0.1%-0.7%0.0%-0.5% -0.1%-1.0%-0.2%-1.3%-0.4%-1.9%-1.3%-1.7% 资料来源：Wind，财通证券研究所；本报告截止时间：2023/9/15；报告中历史分位数的数据选取最早到2000年或市场开市；估值为0表明行业净利润为负。 2 因数据缺失，中国台湾加权指数的PB数据暂用2022/11/25的数据，德国DAX、法国CAC40的PB数据暂用12.2的数据，韩国综合指数PB数据暂用8/10数据，日经225PB数据暂用6/9数据，日经225、韩国综合指数PE数据暂用9/8、中国台湾加权指数、德国DAX的PE数据暂用9/13的数据，俄罗斯RTS的PE数据暂用2022/11/25的数据。 本周 上周 年初至今 月初至今 2023/9/15 历史分位数 25分位 50分位 90分位 2023/9/15 历史分位数 25分位 50分位 90分位 上证指数 0.0% -0.5% 0.9% -0.1% 13.09 24.7% 13.10 16.23 47.73 1.30 5.0% 1.50 1.86 4.46 中证500 -0.1% -0.7% -2.7% -0.6% 23.53 18.2% 25.31 30.44 65.50 1.71 6.1% 2.00 2.41 4.03 上证50 -0.2% -0.5% -4.6% 0.2% 10.16 36.6% 9.67 11.11 24.11 1.22 20.8% 1.24 1.49 3.09 万得主板 -0.3% -0.7% -0.2% -0.3% 14.85 19.9% 15.37 19.65 56.94 1.37 0.6% 1.69 2.03 4.57 中证1000 -0.4% -0.1% -3.2% -0.4% 38.03 41.6% 33.96 40.09 78.65 2.14 9.2% 2.33 2.70 4.07 中证800 -0.6% -1.2% -3.8% -1.3% 12.91 26.9% 12.77 14.48 29.16 1.37 3.5% 1.52 1.72 3.38 万得全A -0.7% -0.7% -1.4% -1.0% 17.36 26.0% 17.20 20.50 57.10 1.56 3.1% 1.77 2.12 4.57 万得全A(除金融、石油石化) -0.7% -0.9% -2.6% -1.3% 28.10 35.7% 25.64 32.63 65.22 2.19 19.4% 2.26 2.82 4.78 沪深300 -0.8% -1.4% -4.2% -1.5% 11.59 22.5% 11.69 13.31 26.82 1.30 4.6% 1.46 1.66 3.27 深证成指 -1.3% -1.7% -7.9% -2.6% 22.32 40.1% 17.52 25.01 43.95 2.27 19.6% 2.42 2.93 4.62 科创50 -1.6% -3.6% -7.6% -5.9% 38.90 3.7% 42.50 58.65 79.99 3.85 0.5% 4.62 6.16 7.62 创业板指 -2.3% -2.4% -14.7% -4.7% 29.42 1.9% 40.70 52.02 68.11 4.02 18.2% 4.36 5.05 8.21 A股指数 A股指数涨跌及估值汇总 涨跌幅PEPB A股风格涨跌及估值汇总 A股风格 涨跌幅 PE PB 本周 上周 年初至今 月初至今 2023/9/15 历史分位数 25分位 50分位 90分位 2023/9/15 历史分位数 25分位 50分位 90分位 稳定 0.9% -0.3% 7.4% 0.8% 15.67 32.3% 14.69 18.03 30.75 1.33 29.3% 1.30 1.67 2.76 消费 0.9% -1.7% -4.3% -0.1% 31.27 33.4% 29.28 34.66 69.07 3.19 26.1% 3.15 3.61 5.08 周期 0.3% -0.3% 1.0% 1.3% 20.04 37.3% 18.25 22.65 64.00 1.67 20.9% 1.72 2.09 4.77 金融 -0.5% 0.0% 5.1% 0.4% 7.07 10.9% 8.11 9.51 44.24 0.71 2.3% 1.09 1.46 3.67 成长 -2.3% -0.8% -4.3% -3.5% 41.97 19.5% 44.20 52.60 91.14 2.88 16.8% 3.07 3.63 5.39 A股行业涨跌及估值汇总 行业涨跌幅PEPB 财通大类一级行业本周上周年初至今月初至今2023/9/15历史分位数25分位50分位90分位2023/9/15历史分位数25分位50分位90分位 银行0.5%0.6%4.6%2.0%4.707.3%5.906.8020.580.542.4%0.861.072.89 金融 高端制造科技 消费 医药公共服务 周期综合 非银行金融房地产 汽车机械 电力设备及新能源国防军工 通信电子计算机 纺织服装商贸零售农林牧渔轻工制造家电 食品饮料传媒 消费者服务医药 交通运输 电力及公用事业建筑 煤炭钢铁 石油石化有色金属基础化工建材 综合 -1.2%-0.4% -1.6%-1.1% -0.2%-0.9% -2.2%-0.2% -2.7%-2.6% -3.6%4.7% -0.5%0.0% -2.3%0.5% -4.0%-1.3% 1.2%-0.8% 0.8%-0.8% 0.6%-2.1% -0.7%-1.2% -0.7%-1.6% -1.2%-1.0% -2.0%-6.2% -2.1%0.3% 4.3%-2.4% 1.0%-1.8% 1.0%0.1% -0.5%-1.7% 4.2%2.2% 1.5%-1.0% 1.5%2.0% 1.4%0.0% -1.1%0.0% -2.0%-0.7% -0.8%0.0% 10.4% -9.9% 4.5% 1.0% -17.2% -3.1% 28.5% 3.1% 12.5% 4.9% -5.4% -12.0% -2.1% 13.5% -5.5% 20.7% -32.2% -9.2% -8.4% 2.9% 5.9% 9.9% 1.2% 17.3% 0.4% -12.4% -7.5% -17.0% -0.5% -2.2% -0.2% -1.9% -5.4% 0.6% -1.6% -2.2% -6.5% 1.3% 1.7% -0.8% -0.3% -0.4% -1.0% -8.9% -1.1% 1.2% 0.0% 0.5% -1.2% 10.9% 2.7% 4.5% 3.5% -0.6% -0.9% -0.7% 17.43 33.04 33.68 20.20 64.65 21.24 69.06 90.87 31.00 782.72 71.24 37.90 15.38 30.54 127.11 88.70 38.74 26.71 24.00 9.74 8.11 100.23 11.66 17.09 26.40 25.12 31.9% 64.0% 37.7% 0.4% 43.6% 11.1% 75.6% 65.5% 41.8% 98.9% 68.6% 49.1% 18.2% 29.6% 94.4% 74.3% 40.5% 68.0% 49.5% 15.1% 6.6% 94.7% 19.6% 13.6% 22.3% 48.7% 16.7419.7659.86 12.4620.1755.61 17.9922.3951.43 28.7536.9492.69 35.1844.7162.78 55.9366.93119.20 37.7351.7896.89 43.5853.6189.88 48.2463.74141.11 26.5633.7472.22 24.6835.7069.68 38.5154.18147.73 30.1638.2080.82 16.1720.6744.00 29.5235.1769.20 37.2850.55103.41 39.0553.19177.88 35.8940.4266.51 18.4922.7253.63 19.7124.1048.62 10.6715.9637.27 10.1412.8142.47 9.6318.1974.70 12.0617.0335.51 25.1746.40213.57 27.6342.0478.32 16.0625.8570.05 30.4651.59116.38 1.30 0.89 2.19 2.35 2.70 3.23 1.83 3.09 3.66 1.80 1.50 2.78 2.03 2.58 6.23 2.29 3.61 3.14 1.40 1.73 0.90 1.41 1.03 1.24 2.22 2.20 1.33 1.78 5.7% 0.8% 42.2% 27.8% 33.8% 36.5% 16.4% 28.1% 32.1% 17.8% 16.1% 20.9% 20.5% 33.1% 54.4% 13.5% 40.5% 12.8%