大化工28大细分高频估值监测

Investment Rating - The report maintains an investment rating of "Outperform the Market" for the chemical industry [1]. Core Insights - The overall valuation of the chemical industry remains low, with basic chemicals and petroleum and petrochemicals having PE-TTM at the 44% and 17% valuation percentiles, respectively [2]. - Within basic chemicals, several sub-sectors have PE-TTM below the 15% percentile, including carbon black at 14%, soda ash at 10%, polyester at 10%, compound fertilizers at 6%, and tires at 1% [2]. - Sub-sectors with PE-TTM between 16%-40% include inorganic salts at 36%, coatings and inks at 35%, membrane materials at 28%, and civil explosives at 24% [2]. - In the petroleum and petrochemical sector, oil and gas extraction has the lowest PE-TTM valuation percentile at 8%, while oil product trading and oilfield services are in the 16%-40% range at 26% and 19%, respectively [2]. Summary by Relevant Categories Basic Chemicals - PE-TTM for carbon black is at 14%, soda ash at 10%, polyester at 10%, compound fertilizers at 6%, and tires at 1% [2]. - Inorganic salts have a PE-TTM of 36%, coatings and inks at 35%, membrane materials at 28%, and civil explosives at 24% [2]. Petroleum and Petrochemicals - Oil and gas extraction has a PE-TTM valuation percentile of 8% [2]. - Oil product trading and oilfield services have PE-TTM at 26% and 19%, respectively, both within the 16%-40% range [2].