How many times is the P E ratio of foreign brokerages, and what is the P E ratio of European securit

1. In foreign countries, there are also many brokerages, so it is difficult to generalize their price-earnings ratios.

2. The price-earnings ratio is also known as the "price-to-earnings ratio", "price-to-earnings ratio" or "price-to-earnings ratio (referred to as the price-earnings ratio)". The price-to-earnings ratio is one of the most commonly used indicators to assess whether a stock price level is reasonable, and is calculated by dividing the stock price by the annual earnings per share (EPS) (the same can be achieved by dividing the company's market capitalization by the annual profit attributable to shareholders). When calculating, the stock price is usually based on the latest ** price, and in terms of EPS, if it is calculated according to the published EPS of the previous year, it is called the historical P/E ratio; The EPS estimate used to calculate the estimated P/E ratio is generally based on the market average estimate, which is the average or median of the estimate obtained by the organization that tracks the company's performance by collecting the ** of multiple analysts.

There is no set criterion for what constitutes a reasonable P/E ratio.

3. It is generally believed that if the price-earnings ratio of a company is too high, then the company has a bubble and its value is overvalued. When a company is growing rapidly and its future performance growth is very promising, when using the P/E ratio to compare the investment value of different **, these ** must belong to the same industry, because the company's earnings per share are relatively close at this time, and it is effective to compare them with each other.

Yesterday's data: Goldman Sachs, JPMorgan, Da Morgan, industry average 19 times.

The P/E ratio of my and Europe's ** markets is generally around 30 times, and the high-tech ** will be slightly higher.

The PE (price-earnings ratio) of each country is also different due to the different national conditions and interest rates, and the following takes the United States as an example

In the United States, the consumer ** (that is, eating, drinking, Lazar, such as Coca-Cola, Procter & Gamble), because they do not have an economic cycle, the general PE is 15 to 20 times, and the price-to-book ratio is generally 2-3 times.

The iron and steel, non-ferrous metals, which are obviously affected by the economic cycle, are generally 10 times the PE and 1 times the price-to-book ratio.

Like the financial and insurance industry, due to the expectation of rapid development, it is generally 30 times the PE.

Of course, the PE of companies without cyclical industries is higher, generally 30 times, and cyclical is generally 10 times.

Generally, the average P/E ratio of ** is less than 20 times. Keeping up with the international ** is the direction of the CSRC's long-term efforts.

The average P/E ratios of other international markets and the average P/E ratios of China A-shares as of August 25, 2015 are as follows

1. The dynamic price-earnings ratio of China's Shanghai Composite Index is about 10 times, which is lower than that of foreign countries.

2. The dynamic P/E ratios of the JPMorgan AC World Index and the JPMorgan Emerging Markets Index are about multiple respectively.

3. The dynamic price-earnings ratios of the BRICS Brazil, Russia, and India stock indices are multiples.

4. The dynamic price-earnings ratio of Hong Kong, South Korea, and Taiwan-Bay stock indices is about double.

According to a strategic analyst of a major overseas bank in Hong Kong, from the perspective of the world, PE (dynamic price-earnings ratio) is a reasonable valuation area.

The dynamic P/E ratios of China's Shanghai Composite Index and Shenzhen Composite Index are multiples and times respectively;

The dynamic P/E ratios of the JPMorgan AC World Index and the JPMorgan Emerging Markets Index are multiples and times, respectively;

The dynamic P/E ratios of the BRICS Brazil, Russia, and India stock indices are multiple, multiple, and multiple, respectively;

The dynamic P/E ratios of Hong Kong, South Korea, and Taiwan-Gulf stock indices are only multiples, multiples, and multiples, respectively.

It is worth mentioning that Hong Kong's Hang Seng China Enterprises Index, which is the closest index to the Shanghai Composite Index, was the same as the Shanghai Composite Index last week, and continued on November 3 when the Shanghai Composite Index was launched.

According to a strategic analyst of a major overseas bank in Hong Kong, the divergence between the two at this time is largely due to the difference in valuation levels. At the end of October, although the Hang Seng China Enterprises Index rose sharply in the previous week, its average dynamic P/E ratio was still only a multiple, in other words, it was "cheaper" than the Shanghai Composite Index!

The huge gap between the markets undoubtedly makes A-shares look too high. From the perspective of the world's **, double PE is a reasonable valuation area. The corresponding Shanghai Composite Index is a pip point. Therefore, a reasonable valuation range for China** is around 1,200-1,700 points. ”

The S&P 500 is currently trading at around 20 times earnings, while the Nasdaq is trading at 46 times.

There is foam. The main reason is that the market mechanism is not perfect. The investment income of foreign investors is mainly based on dividends (long-term), which is related to the price-earnings ratio. The investment income of domestic investors is dominated by the spread (**), which has little to do with the price-earnings ratio.

There is foam, and there are a lot of them. But this is not to be compared, as growth in emerging markets supports a certain level of P/E ratio, while this is not the case in developed markets.

Foreign ** generally pay attention to the company's potential. Pay attention to the company's profitability. The atmosphere of domestic hype is too strong. Too speculative. Even if there is a low price-earnings ratio, the speculation will be super high. I can't get down. Not the same.

We are a circle money market with Chinese characteristics.

In foreign countries, the price-earnings ratio of ** is generally above 25, which is considered a high valuation. However, investors face serious challenges when choosing where to invest. Reviewing the vast amount of data available to public companies is essential to assess company quality and determine whether they are a good fit for their portfolios.

However, it can be a daunting process. Sudden. In the vast majority of cognitive activities, the body serves.

No, **100 times is still up.

Metro** is trading at a price-to-earnings ratio of around 14x. For 128 years from 1872 to 2000, the average price-to-earnings ratio in the United States** was exactly a multiple, about 7 times in a bear market, and about 22 times in a bull market.

If we talk about the average price-earnings ratio, the main board of New York is currently lower than A-shares, and the Nasdaq is higher than A-shares.