估值周报：最新A股、港股、美股估值怎么看？-20251129

A-share Market Valuation - The current PE (TTM) for the A-share market is 17.05, with a historical average of 25.38[6] - The Shanghai Composite Index has a PE (TTM) of 16.27, while the Shenzhen Component Index stands at 29.87[12] - The growth in earnings per share (EPS) has contributed positively to the index performance, with the Shanghai Composite Index showing a year-to-date increase of 13.94%[12] Hong Kong Market Valuation - The Hang Seng Index has a current PE (TTM) of 11.89, with a historical maximum of 22.67[58] - The Hang Seng Technology Index has a PE (TTM) of 23.38, indicating a significant valuation compared to other sectors[60] - The Hang Seng Index's valuation has fluctuated, with a minimum PE of 7.36 recorded historically[58] US Market Valuation - The S&P 500 Index currently has a PE (TTM) of 29.24, with a historical maximum of 41.99[82] - The NASDAQ Index shows a PE (TTM) of 42.04, reflecting a high valuation relative to historical data[90] - The Dow Jones Industrial Average has a current PE (TTM) of 30.49, indicating strong market performance[94] Sector-Specific Insights - Non-bank financials, food and beverage, and non-ferrous metals sectors in A-shares are currently at historically low PE levels[23] - The technology sector, including computing and electronics, is experiencing high PE valuations, indicating potential overvaluation risks[23] - In Hong Kong, the healthcare sector shows a high PE (TTM) of 52.47, suggesting strong investor interest[68]