每日钉一下（市盈率和市净率百分位，该看哪个？）

Group 1 - The core concept of fund advisory is to address the issue where "funds make money, but investors do not" [2] - Fund advisory serves as a solution to enhance investor returns through professional guidance [2] - A free course is available to introduce various aspects of fund advisory [2][3] Group 2 - The article discusses the importance of consulting professionals in specialized fields, such as doctors for medical issues and lawyers for legal matters, paralleling this with fund advisory [4] - The article emphasizes the need for understanding financial metrics like price-to-earnings (P/E) and price-to-book (P/B) ratios when evaluating investments [6][8] Group 3 - The P/E ratio is defined as market value divided by earnings, and it can be influenced by fluctuations in earnings [8] - A significant drop in earnings can lead to a higher P/E ratio, which may misrepresent the actual valuation of a stock [9] - The current economic environment (2023-2024) is characterized by declining earnings for many listed companies, affecting P/E ratios [9][12] Group 4 - The P/B ratio is calculated as stock price divided by net assets, and it tends to remain stable over time [11] - In periods of significant earnings volatility, the P/B ratio can serve as a more reliable indicator for valuation [12] - The current market scenario shows a trend where P/E ratios are high while P/B ratios are low, particularly in the real estate sector and small-cap indices [12]