1.1 the quantile of valuation of each sector decreased slightly
As of March 18, 2022, the total A-share PE (TTM) was 17.47 times, in the quantile of 41.02% since 2009; PBLF1. 68 times, in the quantile of 26.79% since 2009.
As of March 18, 2022, the PE (TTM) of the main board / gem / sci-tech innovation board were 13.05 times, 69.39 times and 57.50 times respectively, ranking in the quantile of 26.45%, 56.00% and 7.90% since 2009; Pblf is 1.29 times, 4.91 times and 5.43 times respectively, which is in the quantile of 4.89%, 55.50% and 6.66% since 2009.
1.2 the valuation of CSI 500 is still at a relatively low level in history
As of March 18, 2022, among the major indexes, SSE 50, CSI 300, CSI 500 and gem PE (TTM) were 10.27 times, 12.32 times, 17.45 times and 52.27 times respectively, which were in the historical quantile of 47.31%, 42.45%, 1.53% and 46.60% respectively; Pblf was 1.30 times, 1.49 times, 1.71 times and 6.53 times respectively, which was in the historical quantile of 43.04%, 32.86%, 2.99% and 74.19%.
1.3 gem index / CSI 300 rose relative to PE
As of March 18, 2022, compared with the CSI 300 index, the gem index is 4.24 times relative to PE (TTM), which is in the historical 53.02% quantile and 4.38 times relative to pblf, which is in the historical 67.99% quantile.
