“申”挖数据 | 估值水温表

Core Viewpoint - The current valuation levels in the A-share market are relatively high, indicating potential investment risks, particularly in certain sectors and indices [6][7][8]. Market Overview - The current Buffett Indicator for A-shares is at 87.14%, which is above the safe zone [6][22]. - Major broad market indices have a PE valuation (TTM) above 20%, with specific indices like the CSI 300 and SSE Composite Index at 96.91% and 91.44% historical percentiles, respectively, indicating high valuation levels [7][8]. Industry Valuation Levels - The food and beverage, and agriculture, forestry, animal husbandry, and fishery sectors have PE valuations (TTM) below the 20% historical percentile, at 11.67% and 12.72%, respectively, making them areas of focus [8]. - Industries such as construction materials, steel, communication, media, retail, electronics, computers, and real estate have PE valuations (TTM) at high historical percentiles, ranging from 80.90% to 99.79%, suggesting caution in investment [8]. Index Valuation Performance - The current PE valuation levels for key indices are as follows: - CSI 500: 33.33 (↑5.59%) - STAR Market 50: 185.69 (↑26.20%) - CSI 1000: 46.87 (↑7.04%) [12][19][28]. Overall Market Valuation Levels - The overall market PE valuation is reported at 30.395 times, with the Shanghai market having a total market capitalization of 619,625.60 billion [18][26]. - The average PE for the Shenzhen market is 30.23, indicating a similar high valuation trend [26]. Industry PE Valuation Levels - Specific industry PE valuations include: - Agriculture, forestry, animal husbandry, and fishery: 18.94 (↑5.87%) - Food and beverage: 22.04 (↑5.51%) - Real estate: 45.66 (↑0.44%) [34][36]. Industry PB Valuation Levels - The PB valuation levels for various industries are as follows: - Agriculture, forestry, animal husbandry, and fishery: 2.62 (↑4.80%) - Food and beverage: 4.31 (↑8.02%) - Real estate: 0.81 (↑2.53%) [37][39]. Industry PS Valuation Levels - The PS valuation levels for key sectors include: - Agriculture, forestry, animal husbandry, and fishery: 1.15 (↑5.10%) - Food and beverage: 4.42 (↑5.31%) - Real estate: 0.63 (↑0.61%) [41][43].