估值周报（0818-0822）：最新A股、港股、美股估值怎么看？-20250823

A-share Market Valuation - The current PE (TTM) for the A-share market is 16.41, with a median of 13.44 and a maximum of 30.60[14] - The PE (TTM) excluding financial and oil sectors is 24.73, indicating a higher valuation in these sectors[7] - The Shanghai Composite Index has a PE (TTM) of 14.16, while the ChiNext Index stands at 38.86[10] Hong Kong Market Valuation - The Hang Seng Index has a current PE (TTM) of 11.54, with a median of 10.26 and a maximum of 22.67[62] - The Hang Seng Technology Index shows a current PE (TTM) of 21.77, reflecting a significant valuation compared to other sectors[66] US Market Valuation - The S&P 500 Index has a current PE (TTM) of 28.59, with a median of 20.94 and a maximum of 41.99[83] - The NASDAQ Index shows a PE (TTM) of 41.18, indicating a high valuation compared to other indices[92] Industry-Specific Valuation Insights - The food and beverage sector in A-shares has a low PE (TTM) of 13.00, while the technology sector has a high PE (TTM) of 99.30[24] - In Hong Kong, the healthcare sector has a high PE (TTM) of 63.62, indicating strong investor interest[72] Risk Factors - Potential risks include policy effectiveness falling short of expectations and unexpected corporate earnings results[105] - Market volatility and geopolitical events are also highlighted as significant risks[105]