At present, the overall valuation level of A shares is at the lowest level in history, and A shares already have value investment! The valuation levels from the historical bottom of A shares of 998 points, 1664 points, 1849 points and 2638 points are as follows:
The P/E ratio of Shanghai Stock Exchange at 998 points in the historical outsole is: 15.98 times;
The historical bottom P/E ratio of SSE 1664 is 14.09 times;
Historical bottom 1849, Shanghai stock exchange price-earnings ratio 10.26 times;
The P/E ratio of Shanghai Stock Exchange at the historical bottom of 2638 points is: 13.50 times;
As of July 20 18, 18, the P/E ratio of Shanghai Stock Exchange was 13.83 times, and the lowest was 13.46 times;
As can be seen from the historical data of A-shares, the P/E ratio of A-shares is already at the historical valuation level, and it has value investment and is approaching the next bull market of A-shares!
What is the valuation of the main index?
The main indexes of A shares are Shanghai Stock Exchange Index, Shenzhen Stock Exchange Index, Small and Medium-sized Board Index and Growth Enterprise Market Index.
(1) Shanghai Composite Index
As of July 20 18 and 18, the P/E ratio of Shanghai Stock Exchange is 13.83 times, which is still underestimated from the P/E ratio of 998 points at Outsole, which proves that A shares are valuable investments.
(2) Shenzhen Stock Exchange Index
As of July 20 18, the P/E ratio of Shenzhen Stock Exchange Index was 16.58 times, which was also at the lowest level in history. At present, the price-earnings ratio of 16.58 times is higher than the historical outsole 1849 points and 2638 points. The lowest P/E ratio of Shenzhen Stock Exchange Index is 1664, 13.95 times. The estimated overall range of Shenzhen Stock Exchange Index is 14 times to 18 times, which means it is at the bottom of history.
(3) Small and medium-sized board index
As of July 20 18 and 18, the price-earnings ratio of the small and medium-sized board index was 29.08 times; According to the four bottom data of A-share history, the P/E ratios of 998 points and 1664 points are 22.98 times and 2 1.5 1 times respectively. The highest P/E ratio is 49.40 times when the historical outsole is 2638 points; 1849, the price-earnings ratio of the small and medium-sized board index is 2 1.76 times; At present, it is still at a high level of 29.08 times, which proves that there is still room for adjustment of the small and medium-sized board;
(4) Growth Enterprise Market Index
As of July 20 18 and 18, the P/E ratio of GEM was 40.57 times; According to the history of A shares, the P/E ratios of 1849 and 2638 are 26.5 1 times and 69.36 times respectively. Since the GEM index has only been established for a few years, the valuation will be relatively high; However, the current P/E ratio of the entrepreneurial index is still somewhat high, which proves that there is still room for adjustment in the GEM!