估值周报（0804-0808）：最新A股、港股、美股估值怎么看？-20250809

Group 1: A-share Market Valuation - The current PE (TTM) of the A-share market is 15.69, with a median of 13.43 and a maximum of 30.60[10] - The PE (TTM) excluding financial and oil sectors is 23.29, indicating a higher valuation compared to the overall market[7] - The Shanghai Composite Index has a PE (TTM) of 13.31, while the ChiNext Index stands at 138.95, reflecting significant sectoral differences[14] Group 2: Hong Kong Market Valuation - The Hang Seng Index has a current PE (TTM) of 11.41, with a median of 10.26 and a maximum of 22.67[58] - The Hang Seng Technology Index shows a current PE (TTM) of 21.87, indicating a premium valuation compared to the broader market[58] - The Hang Seng China Enterprises Index has a PE (TTM) of 10.36, suggesting a relatively low valuation among major indices[60] Group 3: U.S. Market Valuation - The S&P 500 Index has a current PE (TTM) of 28.21, with a median of 20.91 and a maximum of 41.99[78] - The NASDAQ Index shows a PE (TTM) of 40.92, reflecting a high growth expectation in technology stocks[86] - The Dow Jones Industrial Average has a PE (TTM) of 31.78, indicating a strong valuation relative to historical averages[90] Group 4: Sector Valuation Insights - In the A-share market, the food and beverage sector has a low PE (TTM) compared to historical averages, while the technology sector is at a high[24] - The banking sector in A-shares has a PB (LF) of 0.62, indicating undervaluation compared to historical norms[26] - The healthcare sector in Hong Kong shows a high PE (TTM) of 64.14, suggesting strong investor interest[67]