估值周报：最新A股、港股、美股估值怎么看？-20260117

Group 1: A-share Market Valuation - The current PE (TTM) of the A-share market is 17.02, with a median of 13.55 and a maximum of 30.60[9] - The PE (TTM) excluding financial and oil sectors is 27.80, indicating a higher valuation compared to the overall market[6] - The Shanghai Composite Index has a PE (TTM) of 14.66, while the ChiNext Index stands at 39.66[9] Group 2: Hong Kong Market Valuation - The Hang Seng Index has a current PE (TTM) of 12.20, with a median of 10.32 and a maximum of 22.67[58] - The Hang Seng Technology Index shows a PE (TTM) of 24.11, reflecting a significant valuation compared to other sectors[62] - The Hang Seng Index's PE has fluctuated between a minimum of 7.36 and a maximum of 22.67 since 2010[58] Group 3: U.S. Market Valuation - The S&P 500 Index has a current PE (TTM) of 29.62, with a median of 21.18 and a maximum of 41.99[82] - The NASDAQ Index shows a PE (TTM) of 42.02, indicating a high valuation compared to other indices[90] - The Dow Jones Industrial Average has a PE (TTM) of 30.38, with a historical maximum of 34.70[94] Group 4: Sector Valuation Insights - Non-bank financials, food and beverage, and banking sectors have lower PE ratios, indicating potential undervaluation[24] - The technology sector, including computing and electronics, shows higher PE ratios, suggesting overvaluation[24] - The consumer sector, particularly in liquor and pharmaceuticals, has a PE of 18.29 and 38.70 respectively, indicating strong market interest[34]