“申”挖数据 | 估值水温表

Core Viewpoint - The current PE valuations of various industries are at historically high levels, indicating potential investment risks, particularly in coal, automotive, steel, media, retail, electronics, computing, and real estate sectors [1][7]. Valuation Levels - The current Buffett Indicator for A-shares is at 87.14%, which is considered relatively high and above the safe zone [5][25]. - Major broad market indices have PE valuations (TTM) exceeding 20%, with the following percentile levels: - CSI 300 at 85.15% - SSE 50 at 90.79% - SSE Composite at 97.37% - NEEQ 50 at 99.39% - STAR 50 at 99.78% - CSI A100 at 99.92% [6][12]. Industry-Specific Valuations - Within the Shenwan first-level industry indices, the PE valuations for food and beverage, and agriculture, forestry, animal husbandry, and fishery are below the 20th percentile of the past decade, at 12.01% and 14.32% respectively, indicating potential investment opportunities [7]. - The PE valuations for coal, automotive, steel, media, retail, electronics, computing, and real estate are at the following historical percentiles: - Coal: 80.06% - Automotive: 81.76% - Steel: 82.81% - Media: 84.16% - Retail: 90.11% - Electronics: 92.84% - Computing: 97.82% - Real Estate: 100.00% [1][7]. Market Overview - The total market capitalization of listed companies in Shanghai is approximately 621,551.02 billion, with an average PE ratio of 15.78 [21]. - In Shenzhen, the total market capitalization is around 416,680.98 billion, with an average PE ratio of 30.65 [22].