1.1 the quantile of valuation of each sector increased slightly
As of February 18, 2022, the total A-share PE (TTM) is 18.83 times, which is in the quantile of 50.37% since 2009; PBLF1. 81 times, in the quantile of 35.20% since 2009.
As of February 18, 2022, the PE (TTM) of the main board / gem / sci-tech innovation board were 14.13 times, 75.07 times and 60.67 times respectively, ranking in the quantile of 38.77%, 65.13% and 12.31% since 2009; Pblf is 1.40 times, 5.15 times and 5.66 times respectively, which is in the quantile of 18.43%, 60.15% and 11.03% since 2009.
1.2 the valuation of CSI 500 is still at a relatively low level in history
As of February 18, 2022, among the main indexes, Shanghai Stock Exchange 50, Shanghai and Shenzhen 300, Shenzhen Stock Exchange 100 and gem PE (TTM) were 11.15 times, 13.42 times, 27.64 times and 53.35 times respectively, which were in the historical quantile of 63.46%, 58.20%, 77.75% and 49.43% respectively, and pblf were 1.42 times, 1.62 times, 4.06 times and 6.98 times respectively, which were in the historical quantile of 56.66%, 50.40%, 85.28% and 78.19%.
1.3 gem index / CSI 300 rose slightly relative to PE
As of February 18, 2022, compared with the CSI 300 index, the gem index is 3.98 times relative to PE (TTM), which is in the historical 41.49% quantile and 4.30 times relative to pblf, which is in the historical 65.48% quantile.
