估值周报（0728-0801）：最新A股、港股、美股估值怎么看？-20250802

A-share Market Valuation - The current PE (TTM) of the A-share market is 15.42, with a median of 13.42 and a maximum of 30.60[12] - The PE (TTM) for the Shanghai Composite Index is 13.32, while the CSI 300 is at 12.43[8] - Excluding financial and oil sectors, the A-share PE (TTM) is 22.86, indicating a higher valuation compared to the overall market[6] Hong Kong Market Valuation - The Hang Seng Index has a current PE (TTM) of 11.13, with a median of 10.25 and a maximum of 22.67[55] - The Hang Seng Technology Index shows a current PE (TTM) of 21.23, reflecting a significant valuation compared to other sectors[55] US Market Valuation - The S&P 500 has a current PE (TTM) of 27.63, with a median of 20.90 and a maximum of 41.99[76] - The NASDAQ Index is valued at 40.98, indicating a high growth expectation compared to traditional indices[76] Industry-Specific Valuation Insights - The food and beverage sector has a low PE (TTM) of 18.06, while the computer sector is at a high of 56.09, indicating sector-specific valuation disparities[23] - The banking sector's PB (LF) is at 0.91, suggesting undervaluation compared to historical averages[26] Risk Factors - Potential risks include policy effectiveness falling short of expectations and unexpected corporate earnings results[98] - Market volatility and geopolitical events could significantly impact valuations across all markets[98]