行业比较数据跟踪：北向资金创下单周最大流入金额记录，食品饮料、金融板块流入明显

北向资金创下单周最大流入金额记录，食品饮料、金融板块流入明显——行业比较数据跟踪20211212请仔细阅读在本报告尾部的重要法律声明仅供机构投资者使用证券研究报告|金融工程报告曹春晓SAC NO：S1120520070003杨国平SAC NO：S11205200700022021年12月12日 198919 2（一）行业基本面与估值（二）行业资金流动（三）行业综合打分风险提示目录 rQtOsMwOoRuMmPuNtOzQtP9P8QbRsQmMnPmNjMpOnPjMrQmQ6MoPrQxNnQnRwMpOyR截至2021年12月10日，全部A股PE（TTM）为20.14倍，位于2009年以来64.35%分位数；PB_LF 1.92倍，位于2009年以来50.02%分位数。截至2021年12月10日，主板/创业板/科创板PE（TTM）分别为14.67倍、89.67倍、63.21倍，位于2009年以来43.92%、77.98%、19.94%分位数；PB_LF分别为1.45倍、5.93倍、6.57倍，位于2009年以来24.85%、79.85%、37.46%分位数。3各板块估值分位数小幅上升1.1 各板块估值分位数小幅上升 全部A股20.1438.2511.5118.6864.35%全部A股(非金融石油石化)32.9876.9916.8030.5761.65%主板14.6737.709.7515.4443.92%创业板89.67204.6628.1065.7777.98%创业板(剔除温氏股份)74.42218.1128.1066.6863.26%科创板63.21172.0748.1977.3119.94%全部A股1.923.861.341.9250.02%全部A股(非金融石油石化)3.015.561.752.7870.93%主板1.453.811.191.6424.85%创业板5.9313.952.204.5679.85%创业板(剔除温氏股份)5.9713.952.204.5779.88%科创板6.5712.944.976.7837.46%主要板块对比2021/12/10最大值最小值中位数当前估值所处历史的百分位PE_TTM估值箱型图估值PE(TTM)估值PB_LF 截至2021年12月10日，主要指数中，上证50、沪深300、深证100、创业板指PE（TTM）分别为11.29倍、13.51倍、31.73倍和65.57倍，分别位于历史65.05%、60.48%、89.55%和84.52%分位数，PB_LF分别为1.38倍、1.63倍、4.41倍和8.29倍，位于历史53.07%、50.91%、94.92%和89.80%分位数。1.2 中证500估值仍位于历史相对较低水平中证500指数估值处于历史相对较低水平 上证综指13.9634.508.9014.1946.91%上证5011.2927.596.9410.3665.05%上证18011.1530.037.1211.2149.13%沪深30013.5131.918.0112.9160.48%中证50020.8492.7516.0030.865.41%中证100038.34144.8218.9446.5330.80%深证10031.7364.5712.8821.9389.55%深证成指29.1163.4712.1723.8169.69%创业板指65.57137.8627.0453.3684.52%创业板5058.51141.8427.2656.0858.09%万得全A20.1238.2411.5118.6864.03%上证综指1.553.851.211.5942.84%上证501.383.731.021.3653.07%上证1801.333.821.091.3936.10%沪深3001.633.901.171.6250.91%中证5002.005.891.512.4617.32%中证10003.038.141.712.9354.88%深证1004.415.561.812.9094.92%深证成指3.425.751.702.9876.87%创业板指8.2915.012.515.0089.80%创业板509.9616.233.246.2289.05%万得全A2.043.961.402.0155.52%最大值最小值中位数当前估值所处历史的百分位估值箱型图估值PE(TTM)估值PB_LF主要指数对比2021/12/10 创业板指/沪深300相对PE位于历史72%分位数截至2021年12月10日，创业板指相对于沪深300指数相对PE（TTM）4.85倍，位于历史71.75%分位数，相对PB_LF为5.10倍，位于历史93.30%分位数。 创业板指/沪深300相对PB位于历史93%分位数1.3 创业板指/沪深300相对PE小幅下降5 6 申万一级行业估值与历史分位数1.4 电气设备、食品饮料、汽车等行业估值水平位于历史相对高位2021/12/10最大值最小值中位数当前估值所处历史的百分位2021/12/10最大值最小值中位数农林牧渔45.55119.6414.9542.3457.02%3.297.372.333.62采掘11.7688.0110.3917.542.42%1.415.840.901.67化工21.5676.5513.0127.4122.77%3.175.301.532.58钢铁8.66153.735.3422.7812.47%1.272.790.721.27有色金属31.70140.3112.9944.8817.81%3.747.181.693.16电子35.58118.1022.7449.3016.38%4.636.941.653.60家用电器17.3532.3110.5517.1251.01%3.284.851.773.12食品饮料46.4062.9616.5531.1793.17%9.2112.663.005.58纺织服装27.0463.1415.4129.6044.84%2.016.231.502.30轻工制造21.54113.2914.2335.1112.53%2.436.391.452.41医药生物34.8474.3723.4938.5823.50%4.328.352.564.31公用事业23.6674.3813.7823.0555.46%1.784.541.262.05交通运输15.3043.299.9519.3019.81%1.633.971.091.67房地产7.9250.876.8015.483.66%0.934.700.831.94商业贸易25.4671.3813.1226.6445.70%1.525.511.272.26休闲服务53.61209.6924.9248.3858.96%6.119.802.073.87综合49.13120.5520.7146.8357.30%2.457.751.122.86建筑材料13.7950.699.9823.0017.68%2.014.391.502.22建筑装饰9.5050.117.8814.0812.47%0.933.930.781.64电气设备56.1799.9920.3240.6095.39%6.097.421.463.29国防军工70.93245.8224.1362.8564.33%3.928.381.853.26计算机58.53159.7029.4853.0465.89%4.0515.762.364.19传媒31.32141.8419.4945.4113.84%2.5211.481.703.62通信37.8595.069.2340.3335.52%2.316.601.322.63银行6.2219.264.506.8323.09%0.623.480.600.99非银金融14.4666.4910.8018.1012.98%1.515.491.421.97汽车33.5050.289.8018.7491.55%2.764.451.352.33机械设备28.02136.0712.8129.8740.16%2.986.211.602.7762.00%43.60%18.02%28.32%0.64%1.98%76.11%32.77%30.73%81.23%49.29%72.39%75.51%50.78%50.34%29.94%48.43%2.13%17.26%89.07%30.57%32.04%9.79%92.03%37.69%申万一级行业对比PE（TTM）PB_LF当前估值所处历史的百分位89.80%62.60%93.52% 7部分行业ROE_TTM历史变化 1.5三季报交通运输、银行等行业ROE_TTM环比改善-2.5-2-1.5-1-0.500.511.5024681012交通运输_ROE(TTM)标准化变化趋势（右轴）-2-1.5-1-0.500.599.51010.51111.51212.513银行_ROE(TTM)标准化变化趋势（右轴）-2-1.5-1-0.500.511.522.5681012141618钢铁_ROE(TTM)标准化变化趋势（右轴）-2-1.5-1-0.500.511.522.53024681012有色金属_ROE(TTM)标准化变化趋势（右轴）-3-2.5-2-1.5-1-0.500.511.52-2024681012休闲服务_ROE(TTM)标准化变化趋势（右轴）-2-1.5-1-0.500.511.522.5567891011电子_ROE(TTM)标准化变化趋势（右轴） 8申万一级行业市值集中度、强势股占比与MA多头排列打分 1.6 有色金属、汽车、机械设备等行业MA多头排列得分较高农林牧渔166161731102711644.60%50.53%44.21%-3.52%0.60采掘263573932205633462.17%12.12%71.21%13.86%0.67化工701571625070511740.96%51.16%62.50%13.52%0.80钢铁10164282810122530.87%19.44%44.44%4.85%0.60有色金属348832532988621736.77%60.87%73.19%20.28%1.00电子848852456063217545.70%72.33%61.10%11.92%0.93家用电器165392211376818468.11%72.97%56.76%-7.76%0.47食品饮料716615876649654576.22%81.15%45.90%4.54%0.73纺织服装64326340354024.16%61.76%50.00%1.11%0.60轻工制造123227989265734.00%61.15%48.41%1.68%0.67医药生物807432006027614946.14%53.56%38.33%-5.79%0.27公用事业349281702666413042.52%46.83%64.39%14.25%0.87交通运输301782382294818242.53%57.14%60.32%2.50%0.73房地产177601381603812543.04%53.91%39.06%-5.63%0.47商业贸易80138363226623.46%48.96%47.92%0.84%0.73休闲服务6323158596415376.20%41.03%28.21%-12.91%0.20综合26436820805338.85%61.54%48.72%0.64%0.40建筑材料11920161813811041.82%60.81%44.59%-2.81%0.33建筑装饰18460119142499253.23%69.23%56.41%7.41%0.87电气设备715862905792323560.33%65.06%79.12%29.54%0.87国防军工2175