20230521-国金证券-估值手册_最新A股_港股和美股估值_27页

Report Summary

This report, dated May 21, 2023, focuses on global market valuations as of September 2023, but based on historical data from sources like Wind, Bloomberg, and Guosen Securities Research Institute. It includes key metrics such as price-to-earnings (PE) and price-to-book (PB) ratios, along with return on equity (ROE) for various indices and segments, including A-shares, Hong Kong stocks, and US stocks. Data starts from early 2010 for some indices and features rankings by market cap or valuation tiers.

Key sections covered:

• A-share metrics: Industry and index PE/PB/ROE distributions, risk premiums, and performance trends.
• Hong Kong stock indices: PE ratios.
• US stock indices: PE ratios for major indices like S&P 500 and Nasdaq.
• The analysis is derived from multiple data sources and aims to evaluate market valuations over time.

This document also includes detailed copyright and legal disclaimers emphasizing that the report's content is for professional use, contains forward-looking statements, and may not reflect current market conditions without updates.