上海证券市场A市股盈率与收益率相关性分析  

Comparison between stocks of high and low price to earnings ratio in Shanghai A share

作　　者：张慧明[1] 朱涛[2] 

机构地区：[1]南京航空航天大学经济管理学院,江苏南京210016 [2]山东泰山学院经济管理系,山东泰安271000

出　　处：《合肥工业大学学报（社会科学版）》2005年第1期53-56,共4页Journal of Hefei University of Technology(Social Sciences)

摘　　要：在西方发达国家成熟的证券市场中,低市盈率股票的收益率大于高市盈率股票收益率的现象持续存在,市盈率指标可以作为投资选择的一个依据。文章通过上海证券市场A股市盈率与二级市场收益率相关性分析,指出我国证券市场价值投资理念已初步凸显的结论。In most cases, the profit rates of low price to earnings ratio stocks are constantly higher than that of high ones in mature markets of western developed countries. Thus this index is regarded as one reference of investing on stocks. Through relative analysis between price to earnings ratio and second grade profit rates, this article drew a conclusion that value invest had initially appeared in our country.

关 键 词：市盈率 收益率 价值投资 

分 类 号：F830.94[经济管理—金融学]