1.1 the quantile of valuation of each sector decreased slightly
As of January 14, 2022, the total A-share PE (TTM) is 19.28 times, which is in the quantile of 53.90% since 2009; PBLF1. 84 times, in the quantile of 37.78% since 2009.
As of January 14, 2022, the PE (TTM) of the main board / gem / sci-tech innovation board were 14.10 times, 83.63 times and 69.18 times respectively, ranking in the quantile of 38.23%, 74.16% and 29.54% since 2009; Pblf is 1.39 times, 5.61 times and 6.32 times respectively, which is in the quantile of 17.41%, 70.25% and 27.89% since 2009.
1.2 the valuation of CSI 500 is still at a relatively low level in history
As of January 14, 2022, among the major indexes, SSE 50, CSI 300, SZSE 100 and gem PE (TTM) were 11.02 times, 13.51 times, 28.73 times and 59.32 times respectively, which were in the historical quantile of 61.31%, 59.80%, 79.79% and 68.45% respectively, and pblf were 1.40 times, 1.64 times, 4.25 times and 7.70 times respectively, which were in the historical quantile of 55.41%, 52.58%, 89.79% and 84.30%.