估值周报（0119-0123）：最新A股、港股、美股估值怎么看？-20260124

A-share Market Valuation - The current PE (TTM) for the A-share market is 17.10, with a median value of 13.56 and a maximum of 30.60[12] - The PE (TTM) for the Shanghai Composite Index is 14.73, while the CSI 300 is at 13.39[9] - Excluding financial and oil sectors, the A-share PE (TTM) is 28.35, indicating a higher valuation compared to the overall market[6] Hong Kong Market Valuation - The Hang Seng Index has a current PE (TTM) of 12.14, with a median of 10.33 and a maximum of 22.67[59] - The Hang Seng Technology Index shows a current PE (TTM) of 23.84, with a maximum of 65.18[62] U.S. Market Valuation - The S&P 500 has a current PE (TTM) of 29.52, with a median of 21.19 and a maximum of 41.99[83] - The NASDAQ Index shows a current PE (TTM) of 41.87, indicating a high valuation compared to historical averages[91] Sector Valuation Insights - Non-bank financials, food and beverage sectors have low PE ratios, while technology sectors like computers and electronics have high PE ratios[23] - The current PB (LF) for the banking sector is 0.90, indicating a relatively low valuation compared to historical data[102] Risk Factors - Potential risks include policy effectiveness falling short of expectations and unexpected corporate earnings results[105]