The research on theoretical evaluation of China's security markets is reviewed, and an obvious defect is discovered in evaluation of stock markets when average price-earning ratio is used to conduct international comparison. 回顾了中国证券市场理论估值的研究,发现用平均市盈率进行国际比较对股票市场估值有较大缺陷。
On the other hand, Price-Earning Ratio is supposed to be one indicator of investment risk for the exceptional phenomenon. 一方面,市盈率以其的便捷性和直观性为投资者根据瞬时变动价格和收益比例变化关系动态地对股票进行投资价值评估提供了便利,为广大投资者所接受。
The listed company's profitability analysis index mainly includes the total property return rate, each income, the common share rights and interests return rate, the dividend payment rate, and Price-earning ratio, and so on. 上市公司盈利能力分析指标主要有总资产报酬率、每股收益、普通股权益报酬率、股利支付率、市盈率等。
The Technique Economics Analysis of the Behavior of Stock Market and the Price-earning Ratio in China 我国股市行为及市盈率的技术经济分析
In our stock market, the average price-earning ratio is so high because of the separated stock equity of listed companies. Such high price-earning ratio can give rise to negative influence on the stable development of future stock market and economy. 我国股票市场的市盈率由于上市公司股权的分割而高企,而高企的市盈率会对今后股票市场及经济的稳定发展产生消极的影响。