“申”挖数据 | 估值水温表

Core Viewpoint - The current Buffett Indicator for A-shares is at 91.16%, which is above the safe zone, indicating potential overvaluation in the market [5][22]. Valuation Historical Percentile Levels - The PE valuation (TTM) for major broad market indices is above the 20% percentile for the CSI 500. The PE valuations for CSI 1000, CSI 300, SSE 50, CSI 500, SZSE Component Index, STAR Market 50, CSI A100, and SSE Index are at 82.79%, 84.44%, 84.89%, 87.57%, 92.47%, 96.81%, 99.46%, and 99.67% respectively, indicating relatively high valuations and associated risks [6]. - In terms of industry, the PE valuations for the food and beverage sector and non-bank financials are below the 20% percentile of the past decade, at 7.29% and 9.02% respectively, making them areas of focus [6]. - Other industries such as steel, comprehensive, light industry manufacturing, defense, coal, oil and petrochemicals, construction materials, basic chemicals, communication, media, real estate, electronics, computers, and retail have PE valuations at historical percentiles ranging from 82.34% to 98.66%, suggesting caution in investment [6]. Market Overview - The total market capitalization of listed companies is approximately 672,864.14 billion, with a circulating market value of 632,542.89 billion and an average PE ratio of 16.9 [13][18]. - The Shenzhen market has a total market capitalization of about 462,613.69 billion with 2,886 listed companies [14]. Industry Valuation Levels - The PE valuation levels for various industries show significant variation, with agriculture at 14.95, basic chemicals at 34.21, and steel at 5.69, among others. Notably, the food and beverage sector has a PE of 16.52, while the real estate sector is at 6.8 [32]. - The PB valuation levels also vary, with agriculture at 2.02, basic chemicals at 1.41, and steel at 0.73, indicating differing levels of valuation across sectors [36]. Industry PS Valuation Levels - The PS valuation levels for industries such as agriculture at 0.82, basic chemicals at 0.55, and steel at 0.31 reflect the relative valuation metrics across sectors, with food and beverage at 3.12 and real estate at 0.37 [40].