恒生指数估值为7.4%分位数——全球估值观察系列二十九分析师：李美岑SAC：S0160521120002分析师：王源SAC：S0160522030003报告日期：2 0 2 2 . 1 1 . 1 9证券研究报告 全球指数汇总资料来源：Wind，财通证券研究所；本报告截止时间：2022.11.18；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。法国CAC40、德国DAX、俄罗斯RTS的PE、PB估值数据缺失，暂用11.17数据。23.8%7.2%-23.1%22.5%8.82 7.4%9.65 12.14 17.59 0.88 0.7%1.18 1.40 2.19 3.6%7.5%-20.4%12.0%10.65 1.9%14.95 16.46 23.40 1.82 77.3%1.61 1.68 2.01 1.5%5.7%-9.1%8.9%13.01 15.6%13.96 16.99 40.02 1.53 36.6%1.47 1.61 1.93 0.9%-0.2%0.0%4.1%13.79 13.5%15.66 18.60 57.25 1.64 17.5%1.68 1.80 1.94 0.8%2.8%-7.1%6.0%13.62 17.0%14.84 19.34 29.82 1.66 83.5%1.30 1.45 1.73 0.4%-0.4%-24.7%7.5%25.84 52.2%17.26 24.99 44.91 2.53 31.5%2.40 2.96 4.71 0.3%0.5%-14.9%7.0%12.17 16.4%13.16 16.54 48.43 1.26 1.9%1.52 1.92 4.65 0.0%4.1%-7.1%3.1%21.55 82.1%15.79 18.11 23.66 5.99 92.0%2.84 3.41 5.24 -0.2%1.4%5.9%1.5%23.18 43.3%21.51 23.66 30.93 3.42 86.1%2.83 2.99 3.56 -0.7%5.9%-16.8%2.4%20.83 59.5%17.12 19.67 26.53 3.89 87.9%2.52 2.83 4.12 -1.0%5.8%-28.1%3.2%4.42 6.4%5.60 6.99 10.71 0.79 34.0%0.76 0.83 1.12 全球指数涨跌及估值汇总全球股市涨跌幅PEPB本周上周年初至今月初至今2022/11/18历史历史分位数分位数25分位50分位90分位2022/11/1825分位50分位90分位恒生指数中国台湾加权指数德国DAX英国富时100法国CAC40深证成指上证指数道琼斯工业指数印度SENSEX30标普500俄罗斯RTS日经225韩国综合指数纳斯达克指数-1.3%3.9%-3.1%1.1%18.90 28.2%18.45 21.82 58.13 1.60 37.8%1.47 1.67 2.09 -1.6%5.7%-17.9%6.6%11.56 26.9%11.27 14.12 26.55 0.89 15.2%0.94 1.04 1.37 -1.6%8.1%-28.8%1.4%30.19 30.0%29.29 33.96 63.74 4.07 77.4%2.87 3.43 5.10 国内市场汇总资料来源：Wind，财通证券研究所；本报告截止时间：2022.11.18；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。3A股指数涨跌及估值汇总港股行业涨跌及估值汇总涨跌幅PEPB本周上周年初至今月初至今2022/11/18历史分位数25分位50分位90分位2022/11/18历史分位数25分位50分位90分位上证501.1%2.0%-22.2%10.9%9.0712.4%9.7111.4024.391.169.4%1.241.553.14中证5000.9%0.1%-15.9%6.6%23.5717.3%26.0431.0967.481.684.4%2.052.484.06科创500.9%-4.6%-26.2%2.1%40.469.3%44.8366.4981.624.403.7%5.606.617.82万得全A0.5%0.2%-17.1%7.6%16.8623.0%17.1520.7458.231.606.8%1.832.144.79万得主板0.5%0.9%-15.8%8.3%14.2616.6%15.6919.8558.231.380.7%1.732.094.79中证8000.5%0.4%-21.3%7.9%12.4122.2%12.7014.7429.681.363.2%1.541.743.42万得全A(除金融、石油石化)0.5%-0.2%-17.1%7.4%27.4834.3%25.4632.9765.102.3329.5%2.252.864.91深证成指0.4%-0.4%-24.7%7.5%25.8452.2%17.2624.9944.912.5331.5%2.402.964.71沪深3000.3%0.6%-23.1%8.3%11.0117.1%11.6913.4827.081.293.9%1.481.683.34A股指数0.3%0.5%-14.9%7.1%12.2016.5%13.1616.5448.391.261.8%1.521.924.70中证10000.2%-1.0%-16.9%5.8%30.3614.6%35.4141.8479.682.4025.3%2.392.844.16创业板指-0.6%-1.9%-28.1%5.5%39.5117.6%42.1052.9669.175.0146.7%4.325.208.28涨跌幅PEPB本周上周年初至今月初至今2022/11/18历史分位数25分位50分位90分位2022/11/18历史分位数25分位50分位90分位消费2.8%0.9%-18.0%12.1%33.4844.7%28.5734.8170.303.3834.2%3.123.635.10金融1.1%4.1%-14.0%9.7%6.646.3%8.269.6945.280.670.3%1.141.523.74成长0.5%-2.0%-23.9%5.0%44.6625.7%44.2454.2592.083.2632.9%3.073.685.43稳定-0.1%1.1%-4.5%5.4%15.1529.1%14.5618.4631.301.166.8%1.301.702.78周期-1.7%0.9%-11.8%7.3%15.8810.1%18.5023.0166.141.7122.6%1.742.114.86A股风格涨跌及估值汇总A股指数A股风格 国内行业汇总资料来源：Wind，财通证券研究所；本报告截止时间：2022.11.18；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。42.3%3.0%-16.8%11.5%15.11 14.9%16.94 20.15 61.80 1.22 2.8%1.85 2.19 4.92 0.4%3.5%-12.1%6.8%4.30 0.2%6.01 6.89 23.35 0.51 0.2%0.88 1.11 2.95 0.0%9.6%-7.7%14.4%0.00 12.41 20.03 56.22 0.96 1.3%1.59 2.11 3.92 -0.5%-3.4%-19.8%-4.2%64.34 42.9%54.93 67.50 122.33 3.65 47.4%2.76 3.73 5.60 -0.9%-2.1%-14.6%4.1%40.19 58.2%28.19 37.01 93.62 2.61 38.8%2.24 2.89 4.44 -2.9%-3.2%-20.4%3.3%34.35 18.5%36.09 45.59 63.24 3.55 58.5%2.39 3.30 6.12 -3.5%-2.6%-15.5%5.6%41.14 76.2%17.70 22.11 51.85 2.31 47.3%1.90 2.35 3.81 4.0%-0.4%-18.0%4.4%125.45 85.5%47.75 61.85 147.41 3.75 34.8%3.28 4.27 6.41 3.3%-3.5%-30.8%6.2%41.14 21.7%43.47 53.00 92.28 3.29 35.3%2.98 3.72 5.02 2.7%-1.4%-15.3%4.4%15.95 4.5%39.49 52.79 98.65 1.35 2.4%2.28 2.83 4.02 5.3%4.7%-24.3%17.3%49.93 51.2%36.91 49.20 98.78 1.87 1.9%2.69 3.63 6.22 2.0%3.4%-20.9%13.0%14.80 13.5%16.32 21.00 44.66 2.46 29.9%2.35 3.10 4.01 1.9%1.1%-22.9%15.9%32.67 41.9%29.22 35.53 70.42 6.18 56.1%4.28 5.75 9.51 1.7%2.3%-10.2%9.2%27.67 30.8%26.13 33.90 73.89 1.70 8.5%1.89 2.32 3.88 1.4%3.9%-21.7%11.5%32.08 30.5%29.67 39.06 81.66 2.09 24.7%2.10 2.56 3.98 1.3%4.0%-11.8%13.1%0.00 24.32 35.37 67.41 1.40 4.6%1.75 2.35 4.49 -1.2%0.8%-10.0%4.7%0.00 38.34 54.80 151.19 3.12 33.6%2.90 3.50 4.95 -1.5%-0.2%-4.6%15.2%2994.43 99.8%38.10 52.34 143.11 4.94 75.0%3.24 3.85 6.77 5.7%-0.9%-15.2%10.8%35.32 21.5%35.96 40.81 67.05 3.80 29.8%3.64 4.29 6.02 0.6%0.5%-11.8%5.4%44.49 88.5%19.61 23.64 49.16 1.77 29.0%1.72 1.97 3.02 -0.7%3.1%-8.2%7.2%10.15 19.5%10.74 16.60 38.80 0.90 1.4%1.16 1.50 2.71 -1.8%0.0%-1.1%5.3%21.67 46.8%18.15 22.26 55.00 A股行业涨跌及估值汇总行业涨跌幅PEPB本周上周年初至今月初至今2022/11/18财通大类一级行业金融高端制造科技消费医药公共服务周期综合历史历史分位数分位数25分位50分位90分位2022/11/1825分位50分位90分位非银行金融银行房地产国防军工机械电力设备及新能源汽车计算机电子通信传媒家电食品饮料纺织服装轻工制造商贸零售农林牧渔消费者服务医药电力及公用事业建筑交通运输建材基础化工石油石化钢铁有色金属煤炭综合1.49 18.9%1.56 1.94 3.26 1.5%4.6%-24.2%14.8%15.34 21.3%16.17 27.09 73.40 1.58 4.3%1.95 2.45 3.97 -1.3%0.1%-19.0%7.8%18.44 2.6%29.02 43.04 78.81 2.73 40.7%2.29 2.97 4.55 -1.4%2.4%-6.6%7.1%8.15 0.2%12.49 18.15 35.73 0.98 8.0%1.20 1.47 3.29 -2.3%2.7%-17.7%6.9%23.00 66.5%9.34 16.56 76.81 1.09 28.3%1.06 1.33 2.13 -