1.1 the quantile of valuation of each sector increased
As of May 20, 2022, the total A-share PE (TTM) is 16.79 times, which is in the quantile of 35.29% since 2009; PBLF1. 52 times, in the quantile of 7.82% since 2009.
As of May 20, 2022, the PE (TTM) of the main board / gem / sci-tech innovation board were 12.60 times, 58.30 times and 49.17 times respectively, ranking in the quantile of 21.97%, 38.12% and 4.38% since 2009; Pblf is 1.20 times, 3.94 times and 4.21 times respectively, which is in the quantile of 0.66%, 32.78% and 2.48% since 2009.
1.2 the valuation of CSI 500 is still at a historically low level
As of May 20, 2022, among the major indexes, SSE 50, CSI 300, CSI 500 and gem PE (TTM) were 9.79 times, 12.12 times, 19.83 times and 48.39 times respectively, which were in the historical quantile of 35.35%, 39.41%, 5.88% and 36.43% respectively; Pblf was 1.22 times, 1.39 times, 1.62 times and 5.65 times respectively, which was located in the historical quantile of 26.34%, 15.94%, 2.34% and 57.93%.
1.3 gem index / CSI 300 rose slightly relative to PE
As of May 20, 2022, compared with the CSI 300 index, the gem index is 3.97 times relative to PE (TTM), which is in the historical 41.42% quantile and 4.04 times relative to pblf, which is in the historical 59.66% quantile.
