全球估值观察系列三十一：上证50估值为18.1％分位数

上证50估值为18.1%分位数——全球估值观察系列三十一分析师：李美岑SAC：S0160521120002分析师：王源SAC：S0160522030003报告日期：2 0 2 2 . 1 2 . 0 3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：2022.12.2；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、中国台湾加权指数、日经225、韩国综合指数的PE、PB估值数据缺失，暂用11.28数据。2全球指数涨跌及估值汇总A股指数涨跌及估值汇总涨跌幅PEPB本周上周年初至今月初至今2022/12/2历史分位数25分位50分位90分位2022/12/2历史分位数25分位50分位90分位恒生指数6.3%-2.3%-20.2%0.4%9.0912.2%9.6512.1217.590.912.3%1.181.392.19深证成指2.9%-2.5%-24.5%1.0%26.0452.8%17.2725.0344.892.5532.5%2.412.964.70纳斯达克指数2.1%0.7%-26.7%-0.1%30.1829.9%29.3033.9563.664.2679.8%2.873.435.09上证指数1.8%0.1%-13.3%0.2%12.4318.4%13.1416.5348.401.294.4%1.521.914.64中国台湾加权指数1.3%1.9%-17.8%0.6%10.652.0%14.9316.4623.401.8478.8%1.611.682.01标普5001.1%1.5%-14.6%-0.2%21.4463.7%17.1219.6826.513.9988.9%2.522.834.11印度SENSEX301.0%1.0%8.0%0.0%23.4948.6%21.5223.6330.923.4787.1%2.832.993.56英国富时1000.9%1.4%2.3%-0.2%14.2817.7%15.6518.5557.241.5912.0%1.681.801.94法国CAC400.4%1.0%-5.7%0.1%13.9019.5%14.8019.3329.811.6986.6%1.301.451.73道琼斯工业指数0.2%1.8%-5.3%-0.5%21.9583.8%15.7918.1223.646.1092.4%2.853.415.33德国DAX-0.1%0.8%-8.5%0.9%13.2618.1%13.9516.9940.021.5643.3%1.471.611.93韩国综合指数-0.1%-0.3%-18.2%-1.5%11.3825.8%11.2714.1226.520.8712.9%0.941.041.37日经225-1.8%1.4%-3.5%-0.7%19.0629.7%18.4621.8257.821.6139.8%1.471.672.09俄罗斯RTS-2.9%-0.5%-30.6%-1.6%4.386.1%5.596.9910.710.7830.8%0.760.831.12全球股市 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：2022.12.2；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。33.5%4.5%-0.2%-1.8%0.00 12.41 20.03 56.22 1.04 5.8%1.58 2.11 3.91 2.7%0.3%-14.2%-0.2%15.78 18.6%16.91 20.14 61.77 1.27 3.9%1.84 2.19 4.92 0.9%4.0%-7.8%-1.3%4.45 0.6%6.00 6.88 23.10 0.52 0.5%0.88 1.11 2.95 3.8%-2.0%-14.1%-0.7%42.09 77.5%17.70 22.12 51.83 2.36 50.6%1.90 2.35 3.80 2.7%-1.6%-19.6%1.9%34.69 19.7%36.05 45.55 63.23 3.59 59.6%2.39 3.31 6.12 1.0%-1.3%-14.9%0.8%40.05 57.9%28.21 37.04 93.61 2.59 38.6%2.25 2.89 4.44 0.5%-2.4%-21.4%0.3%63.33 40.5%55.02 67.48 122.11 3.59 45.9%2.76 3.73 5.59 3.2%-2.3%-14.7%2.3%16.85 6.0%39.39 52.74 98.59 1.43 4.0%2.28 2.83 4.02 2.7%-5.8%-20.7%2.7%119.16 82.0%47.76 61.98 147.27 3.63 32.3%3.29 4.26 6.41 0.9%-3.4%-32.5%0.8%40.73 21.3%43.37 52.95 92.21 3.23 33.9%2.99 3.72 5.02 10.8%-6.2%-0.9%0.8%3105.35 99.9%38.12 52.36 145.65 5.12 78.3%3.24 3.86 6.77 7.8%-3.6%-19.9%3.4%33.91 47.0%29.24 35.49 70.35 6.41 59.0%4.28 5.76 9.51 6.4%0.0%-6.1%1.5%0.00 24.32 35.37 67.41 1.47 12.2%1.74 2.34 4.49 5.2%-1.2%-6.7%3.3%28.78 34.8%26.14 33.86 73.79 1.77 13.2%1.89 2.32 3.88 5.0%-5.1%-24.6%2.1%49.78 51.1%36.93 49.20 98.71 1.88 2.5%2.68 3.63 6.22 4.4%-1.3%-7.3%2.5%0.00 38.34 54.80 151.19 3.20 36.6%2.90 3.50 4.95 3.6%-0.4%-19.1%2.4%33.07 34.9%29.70 39.04 81.63 2.17 27.2%2.10 2.56 3.98 2.2%-1.3%-20.2%0.4%14.95 15.0%16.29 20.98 44.64 2.48 31.0%2.35 3.09 4.01 1.3%-5.0%-18.4%0.1%34.59 18.5%35.94 40.77 67.02 3.70 26.9%3.64 4.29 6.02 2.3%-0.1%1.0%-0.6%22.15 49.5%18.16 22.24 54.95 1.52 21.2%1.55 1.93 3.26 0.5%5.2%-2.9%-0.4%10.97 27.2%10.73 16.59 38.79 0.96 7.5%1.16 1.50 2.71 0.0%2.2%-9.8%-0.4%45.47 88.7%19.61 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2022/12/2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2022/12/225分位50分位90分位房地产非银行金融银行汽车电力设备及新能源机械国防军工通信计算机电子消费者服务食品饮料商贸零售纺织服装传媒农林牧渔轻工制造家电医药交通运输建筑电力及公用事业基础化工石油石化建材有色金属钢铁煤炭综合23.65 49.10 1.81 33.2%1.72 1.97 3.02 2.5%-0.9%-17.7%1.7%18.75 3.2%28.98 43.00 78.81 2.76 41.8%2.29 2.97 4.54 1.9%2.6%-2.4%1.5%8.57 1.2%12.48 18.09 35.70 1.03 13.2%1.20 1.47 3.28 1.7%1.9%-21.4%0.2%15.86 23.7%16.14 27.06 73.36 1.63 5.2%1.94 2.44 3.97 0.9%-0.2%-12.6%0.2%15.80 7.0%27.08 48.18 217.21 2.54 29.1%2.35 3.04 5.41 0.1%1.4%-16.5%0.1%23.49 68.3%9.35 16.60 76.50 1.11 31.8%1.06 1.33 2.13 -0.9%4.6%27.7%-2.4%6.82 0.2%10.37 13.21 44.66 1.46 40.9%1.22 1.64 4.06 3.0%-1.3%-4.5%1.0%96.36 81.1%29.96 51.40 117.92 1.72 19.7%1.78 2.38 4.61 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：2022.12.2；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。43.2%-3.4%-28.3%1.6%39.48 17.8%42.03 52.91 69.10 4.99 46.1%4.32 5.19 8.27 2.9%-2.5%-24.5%1.0%26.04 52.8%17.27 25.03 44.89 2.55 32.5%2.41 2.96 4.70 2.8%-0.1%-20.1%0.3%9.38 18.1%9.70 11.39 24.39 1.20 16.7%1.24 1.55 3.14 2.6%-2.2%-16.6%1.4%30.57 15.8%35.11 41.82 79.67 2.41 26.2%2.39 2.84 4.16 2.5%-1.8%-16.6%1.0%27.81 35.4%25.46 32.95 65.09 2.35 30.7%2.25 2.85 4.91 2.5%-0.7%-21.6%0.5%11.30 20.7%11.67 13.48 27.07 1.32 6.5%1.48 1.68 3.33 2.4%-1.4%-16.2%0.8%17.15 25.0%17.14 20.72 58.22 1.63 9.4%1.83 2.14 4.78 2.4%-0.7%-14.4%0.5%14.60 18.3%15.67 19.83 58.22 1.41 2.2%1.73 2.09 4.78 2.2%-0.9%-20.3%0.4%12.66 24.8%12.68 14.74 29.68 1.38 5.3%1.54 1.74 3.42 1.8%0.1%-13.3%0.2%12.46 18.6%13.15 16.53 48.36 1.29 4.4%1.52 1.91 4.70 1.3%-1.7%-16.2%0.2%23.56 17.5%25.99 31.02 67.32 1.67 A股指数涨跌及估值汇总A股风格涨跌及估值汇总A股指数A股风格涨跌幅PEPB本周上周年初至今月初至今2022/12/2涨跌幅PEPB本周上周年初至今月初至今2022/12/2历史历史历史历史分位数分位数分位数分位数25分位50分位90分位2022/12/225分位50分位90分位25分位50分位90分位2022/12/225分位50分位90分位创业板指深证成指上证50中证1000万得全A(除金融、石油石化)沪深300万得全A万得主板中证800A股指数中证500科创50消费成长金融周期稳定4.5%2.05 2.48 4.06 0.8%-3.1%-27.9%0.8%39.49 6.3%44.53 66.20 81.55 4.29 2.9%5.29 6.56 7.81 4.7%-3.1%-16.9%1.7%34.18 47.6%28.59 34.76 70.21 3.44 38.4%3.12 3.63 5.10 2.1%-3.3%-24.8%1.4%44.33 25.3%