{"id":164633,"date":"2020-08-10T19:30:30","date_gmt":"2020-08-10T11:30:30","guid":{"rendered":"https:\/\/www.lixiangluntan.com\/164633.html"},"modified":"2020-08-10T19:30:30","modified_gmt":"2020-08-10T11:30:30","slug":"%e5%a6%82%e4%bd%95%e7%94%a8%e7%9b%b8%e5%af%b9%e4%bc%b0%e5%80%bc%e6%b3%95%e5%8e%bb%e7%9c%8b%e5%85%ac%e5%8f%b8%ef%bc%9f_%e7%ad%96%e7%95%a5%e6%8a%95%e8%b5%84%e7%a0%b4%e8%a7%a3","status":"publish","type":"post","link":"https:\/\/www.lixiangluntan.com\/?p=164633","title":{"rendered":"\u5982\u4f55\u7528\u76f8\u5bf9\u4f30\u503c\u6cd5\u53bb\u770b\u516c\u53f8\uff1f_\u7b56\u7565\u6295\u8d44\u7834\u89e3"},"content":{"rendered":"<blockquote style=\"font-size:15px;background-color: #F5F5F5;border:none;padding: 5px;margin:15px;line-height: 1.6;text-indent: 2em;\">\n<p style=\"margin-bottom:5px;\">\u5982\u4f55\u5206\u6790\u6709\u6f5c\u529b\u7684\u516c\u53f8\uff1f<\/p>\n<p>\u3000\u3000\u5982\u4f55\u5206\u6790<br \/>\n<strong>\u6709\u6f5c\u529b\u7684\u516c\u53f8<\/strong>\uff1f\u600e\u4e48\u5206\u6790\u6709\u6f5c\u529b\u7684\u516c\u53f8\uff1f<\/p>\n<\/blockquote>\n<p>&nbsp;&nbsp;&nbsp;&nbsp; <\/p>\n<p> \u3000\u3000\u5982\u4f55\u7528<strong>\u76f8\u5bf9\u4f30\u503c\u6cd5\u53bb\u770b\u516c\u53f8<\/strong>\uff1f\u7528\u76f8\u5bf9\u4f30\u503c\u6cd5\u53bb\u770b\u516c\u53f8\u7684\u6280\u5de7\uff1f<\/p>\n<p> \u3000\u3000\u516c\u53f8\u4f30\u503c\u65b9\u6cd5\u662f\u4e0a\u5e02\u516c\u53f8\u57fa\u672c\u9762\u5206\u6790\u7684\u91cd\u8981\u5229\u5668\uff0c\u5728\u201c\u57fa\u672c\u9762\u51b3\u5b9a<a href=\"http:\/\/lixiangluntan.com\/lilun\/jiazhi\/\" target=\"_blank\" rel=\"noopener noreferrer\"><\/a>\uff0c\u4ef7\u503c\u51b3\u5b9a\u4ef7\u683c\u201d \u57fa\u672c\u903b\u8f91\u4e0b\uff0c\u901a\u8fc7\u6bd4\u8f83\u516c\u53f8\u4f30\u503c\u65b9\u6cd5\u5f97\u51fa\u7684\u516c\u53f8<a href=\"http:\/\/lixiangluntan.com\/lilun\/\" target=\"_blank\" rel=\"noopener noreferrer\"><\/a><a href=\"http:\/\/www.lixiangluntan.com\/\" target=\"_blank\" rel=\"noopener noreferrer\"><\/a>\u4ef7\u683c\u4e0e\u5e02\u573a\u4ef7\u683c\u7684\u5dee\u5f02\uff0c \u4ece\u800c\u6307\u5bfc\u6295\u8d44\u8005\u5177\u4f53\u6295\u8d44\u884c\u4e3a\u3002<\/p>\n<p> \u3000\u3000\u516c\u53f8\u4f30\u503c\u65b9\u6cd5\u4e3b\u8981\u5206\u4e24\u5927\u7c7b\uff0c\u4e00\u7c7b\u4e3a\u76f8\u5bf9\u4f30\u503c\u6cd5\uff0c\u7279\u70b9\u662f\u4e3b\u8981\u91c7\u7528\u4e58\u6570\u65b9\u6cd5\uff0c\u8f83\u4e3a\u7b80\u4fbf\uff0c\u5982PE\u4f30\u503c\u6cd5\u3001PB\u4f30\u503c\u6cd5\u3001PEG\u4f30\u503c\u6cd5\u3001EV\/EBITDA\u4f30\u503c\u6cd5\u3002\u53e6\u4e00\u7c7b\u4e3a\u7edd\u5bf9\u4f30\u503c\u6cd5\uff0c\u7279\u70b9\u662f\u4e3b\u8981\u91c7\u7528\u6298\u73b0\u65b9\u6cd5\uff0c\u8f83\u4e3a\u590d\u6742\uff0c\u5982\u73b0\u91d1\u6d41\u91cf\u6298\u73b0\u65b9\u6cd5\u3001\u671f\u6743\u5b9a\u4ef7\u65b9\u6cd5\u7b49\u3002<\/p>\n<p> \u3000\u3000\u76f8\u5bf9\u4f30\u503c\u6cd5\u4e0e\u201c\u4e94\u6735\u91d1\u82b1\u201d<\/p>\n<p> \u3000\u3000\u76f8\u5bf9\u4f30\u503c\u6cd5\u56e0\u5176\u7b80\u5355\u6613\u61c2\uff0c\u4fbf\u4e8e\u8ba1\u7b97\u800c\u88ab\u5e7f\u6cdb\u4f7f\u7528\u3002\u4f46\u4e8b\u5b9e\u4e0a\u6bcf\u4e00\u79cd\u76f8\u5bf9\u4f30\u503c\u6cd5\u90fd\u6709\u5176\u4e00\u5b9a\u7684\u5e94\u7528\u8303\u56f4\uff0c\u5e76\u4e0d\u662f\u9002\u7528\u4e8e\u6240\u6709\u7c7b\u578b\u7684\u4e0a\u5e02\u516c\u53f8\u3002\u76ee\u524d\uff0c\u591a\u79cd\u76f8\u5bf9\u4f30\u503c\u5b58\u5728\u7740\u88ab\u4e71\u7528\u548c\u88ab\u6ee5\u7528\u4ee5\u53ca\u88ab\u6d45\u8584\u5316\u7684\u60c5\u51b5\uff0c\u4ee5\u4e0b\u5c31\u4ee5\u6700\u4e3a\u5e38\u7528\u7684PE\u6cd5\u4e3a\u4f8b\u8bf4\u660e\u4e00\u4e8c\u3002<\/p>\n<p> \u3000\u3000\u4e00\u822c\u7684\u7406\u89e3\uff0cP\/E\u503c\u8d8a\u4f4e\uff0c\u516c\u53f8\u8d8a\u6709\u6295\u8d44\u4ef7\u503c\u3002\u56e0\u6b64\u5728P\/E\u503c\u8f83\u4f4e\u65f6\u4ecb\u5165\uff0c\u8f83\u9ad8\u65f6\u629b\u51fa\u662f\u6bd4\u8f83\u7b26\u5408\u6295\u8d44\u903b\u8f91\u7684\u3002\u4f46\u4e8b\u5b9e\u4e0a\uff0c\u7531\u4e8e\u8ba4\u4e3a2004\u5e74\u5e95\u201c\u4e94\u6735\u91d1\u82b1\u201dP\/E\u503c\u8f83\u4f4e\uff0c\u516c\u53f8\u5177\u6709\u6295\u8d44\u4ef7\u503c\u800c\u4ecb\u5165\u7684\u6295\u8d44\u8005\uff0c\u76ee\u524d\u201c\u4e8f\u635f\u7d2f\u7d2f\u201d\u5728\u6240\u96be\u514d\u3002<a href=\"http:\/\/lixiangluntan.com\/lilun\/xiangfan\/\" target=\"_blank\" rel=\"noopener noreferrer\"><\/a>\uff0c\u201c\u53cdP\/E\u201d\u6cd5\u64cd\u4f5c\u7684\u6295\u8d44\u8005\u5e73\u5747\u6536\u76ca\u5374\u9887\u4e30\uff0c\u5373\u57282001\u5e74\u5e95P\/E\u503c\u8f83\u9ad8\u65f6\u4ecb\u5165\u201c\u4e94\u6735\u91d1\u82b1\u201d\u7684\u6295\u8d44\u8005\uff0c\u57282004\u5e74\u5e95P\/E\u503c\u8f83\u4f4e\u524d\u629b\u51fa\u3002\u90a3\u4e48\uff0c\u539f\u56e0\u4f55\u5728\uff1f\u5176\u5b9e\u5f88\u7b80\u5355\uff0c\u539f\u56e0\u5c31\u5728\u4e8ePE\u6cd5\u5e76\u4e0d\u9002\u7528\u4e8e\u201c\u4e94\u6735\u91d1\u82b1\u201d\u4e00\u7c7b\u7684\u5177\u6709\u5f3a\u70c8\u884c\u4e1a<a href=\"http:\/\/lixiangluntan.com\/lilun\/zhouqi\/\" target=\"_blank\" rel=\"noopener noreferrer\"><\/a>\u6027\u7684\u4e0a\u5e02\u516c\u53f8\u3002<\/p>\n<p> \u3000\u3000\u53e6\u4e00\u65b9\u9762\uff0c\u5927\u591a\u6570\u6295\u8d44\u8005\u53ea\u662f\u5173\u5fc3PE\u503c\u672c\u8eab\u53d8\u5316\u4ee5\u53ca\u4e0e\u5386\u53f2\u503c\u7684\u6bd4\u8f83\uff0cPE\u4f30\u503c\u6cd5\u7684\u903b\u8f91\u88ab\u4e25\u91cd\u6d45\u8584\u5316\u3002\u903b\u8f91\u4e0a\uff0cPE\u4f30\u503c\u6cd5\u4e0b\uff0c\u7edd\u5bf9\u5408\u7406\u80a1\u4ef7P=EPS\ufffdP\/E\uff1b\u80a1\u4ef7\u51b3\u5b9a\u4e8eEPS\u4e0e\u5408\u7406P\/E\u503c\u7684\u79ef\u3002\u5728\u5176\u5b83\u6761\u4ef6\u4e0d\u53d8\u4e0b\uff0cEPS\u9884\u4f30\u6210\u957f\u7387\u8d8a\u9ad8\uff0c\u5408\u7406P\/E\u503c\u5c31\u4f1a\u8d8a\u9ad8\uff0c\u7edd\u5bf9\u5408\u7406\u80a1\u4ef7\u5c31\u4f1a\u51fa\u73b0\u4e0a\u6da8\uff1b\u9ad8EPS\u6210\u957f\u80a1\u4eab\u6709\u9ad8\u7684\u5408\u7406P\/E\ufffd 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\u3000\u3000\u5197\u7f8e\u7684\u7edd\u5bf9\u4f30\u503c\u6cd5<\/p>\n<p> \u3000\u3000\u7edd\u5bf9\u4f30\u503c\u6cd5\uff08\u6298\u73b0\u65b9\u6cd5\uff09\u51e0\u4e4e\u540c\u65f6\u4e0e\u76f8\u5bf9\u4f30\u503c\u6cd5\u5f15\u5165\u4e2d\u56fd\uff0c\u4f46\u4e00\u76f4\u5904\u4e8e\u8fb9\u7f18\u5316\u7684\u5c34\u5c2c\u5730\u4f4d\uff0c\u7edd\u5bf9\u4f30\u503c\u6cd5\u4e00\u76f4\u88ab\u8ba4\u4e3a\u662f\u201c\u7406\u8bba\u867d\u5b8c\u7f8e\uff0c\u4f46\u5b9e\u7528\u6027\u4e0d\u4f73\u201d\uff0c\u4e3b\u8981\u56e0\u4e3a\uff1a\uff081\uff09\u4e2d\u56fd\u4e0a\u5e02\u516c\u53f8\u76f8\u5173\u7684\u57fa\u7840\u6570\u636e\u6bd4\u8f83\u7f3a\u4e4f\uff0c\u53d6\u5f97\u51c6\u786e\u7684\u6a21\u578b\u53c2\u6570\u6bd4\u8f83\u56f0\u96be\u3002\u4e0d\u53ef\u4fe1\u7684\u6570\u636e\u8fdb\u5165\u6a21\u578b\u540e\uff0c\u5f97\u5230\u5408\u7406\u6027\u4e0d\u4f73\u7684\u7ed3\u679c\uff0c\u8fdb\u800c\u5bf9\u7edd\u5bf9\u4f30\u503c\u6cd5\u6a21\u578b\u672c\u8eab\u4ea7\u751f\u4fe1\u5fc3\u52a8\u6447\u4e0e\u6000\u7591\uff1b\uff082\uff09\u4e2d\u56fd\u4e0a\u5e02\u516c\u53f8\u7684\u6d41\u901a\u80a1\u4e0d\u5230\u603b\u80a1\u672c1\/3\uff0c\u4e0e\u4ea7\u751f\u4e8e\u53d1\u8fbe\u56fd\u5bb6\u7684\u4f30\u503c\u6a21\u578b\u4e2d\u5168\u6d41\u901a\u7684\u57fa\u672c\u5047\u8bbe\u4e0d\u7b26\u3002<\/p>\n<p> 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