{"id":182909,"date":"2019-08-02T21:12:43","date_gmt":"2019-08-02T13:12:43","guid":{"rendered":"https:\/\/www.lixiangluntan.com\/182909.html"},"modified":"2019-08-02T21:12:43","modified_gmt":"2019-08-02T13:12:43","slug":"%e5%9f%ba%e6%9c%ac%e9%9d%a2%e4%b8%8e%e8%b6%8b%e5%8a%bf%e5%88%86%e6%9e%90%e7%9b%b8%e7%bb%93%e5%90%88%e7%9a%84%e5%8d%81%e5%a4%a7%e9%80%89%e8%82%a1%e6%8c%87%e6%a0%87_%e8%82%a1%e7%a5%a8%e8%bd%af%e4%bb%b6","status":"publish","type":"post","link":"https:\/\/www.lixiangluntan.com\/?p=182909","title":{"rendered":"\u57fa\u672c\u9762\u4e0e\u8d8b\u52bf\u5206\u6790\u76f8\u7ed3\u5408\u7684\u5341\u5927\u9009\u80a1\u6307\u6807_\u80a1\u7968\u8f6f\u4ef6\u7834\u89e3"},"content":{"rendered":"
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\n

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<\/p>\n

1 \u3001\u51c0\u8d44\u4ea7\u6536\u76ca\u7387\uff08 ROE\uff09 \u5982\u679c\u53ea\u80fd\u7528\u4e00\u4e2a\u6307\u6807\u53bb\u8bc4\u5224\u4e00\u5bb6\u516c\u53f8\uff0c\u6211\u4e00\u5b9a\u7528\u51c0\u8d44\u4ea7\u6536\u76ca\u7387\uff08 ROE\uff09\u3002 ROE\u662f\u7efc\u5408\u8bc4\u4ef7\u4e00\u5bb6\u516c\u53f8\u76c8\u5229\u80fd\u529b\u7684\u6700\u4f73\u6307\u6807\u3002 ROE\u8d8a\u9ad8\u8d8a\u597d\uff0c\u6700\u4f4e\u6807\u51c6\u5f97 15\uff05\u4ee5\u4e0a\u3002\u6700\u597d\u7684\u516c\u53f8\uff0c\u6211\u79f0\u4e3a R15\u4ff1\u4e50\u90e8\u6210\u5458\u7684\u516c\u53f8\uff0c\u9700\u8981\u6ee1\u8db3\u6700\u8fd1 10\u5e74\u5e73\u5747 ROE\u5927\u4e8e 20\uff05\uff0c\u5e76\u4e14\u6bcf\u5e74 ROE\u5927\u4e8e 15\uff05\u3002<\/p>\n

 <\/p>\n

2 \u3001\u6bdb\u5229\u7387 \u6bdb\u5229\u7387\u5f80\u5f80\u4ee3\u8868\u7740\u4e00\u5bb6\u516c\u53f8\u7684\u62a4\u57ce\u6cb3\u5bbd\u5ea6\u53ca\u5784\u65ad\u80fd\u529b\uff0c\u6bdb\u5229\u7387\u8d8a\u9ad8\u8d8a\u597d\uff0c\u5927\u4e8e 50\uff05\u662f\u6700\u597d\u7684\u3002<\/p>\n

 <\/p>\n

3 \u3001\u8d1f\u503a\u7387 \u8d1f\u503a\u7387\u4ee3\u8868\u4e00\u5bb6\u516c\u53f8\u627f\u53d7\u6253\u51fb\u7684\u80fd\u529b\uff0c\u8d1f\u503a\u7387\u8d8a\u4f4e\u8d8a\u597d\uff0c\u4f4e\u4e8e 50\uff05\u662f\u6700\u597d\u7684\u3002<\/p>\n

 <\/p>\n

4 \u3001\u5206\u7ea2\u7387 \u5206\u7ea2\u4ee3\u8868\u4e00\u5bb6\u516c\u53f8\u7684\u8bda\u4fe1\uff0c\u5c24\u5176\u5728 A\u80a1\uff0c\u8fd9\u4e2a\u6307\u6807\u662f\u5224\u65ad\u662f\u5426\u505a\u5047\u7684\u5229\u5668\uff0c\u5206\u7ea2\u4e0d\u662f\u8d8a\u9ad8\u8d8a\u597d\uff0c 30%~50%\u662f\u4e00\u4e2a\u6700\u4f73\u533a\u57df\uff0c\u592a\u9ad8\u4e0d\u53ef\u6301\u7eed\u4e14\u8bf4\u660e\u7f3a\u4e4f\u6210\u957f\u6027\u3002\u6bcf\u5e74\u80a1\u606f\u7387\u80fd\u5927\u4e8e\u4e00\u5e74\u5b9a\u671f\u6536\u76ca\u662f\u6700\u597d\u7684\u3002<\/p>\n

 <\/p>\n

5 \u3001\u516c\u53f8\u524d\u666f \u516c\u53f8\u6240\u5728\u7684\u884c\u4e1a\u524d\u666f\uff0c\u516c\u53f8\u672c\u8eab\u7684\u53ef\u6301\u7eed\u524d\u666f\uff0c\u5bb9\u91cf\uff0c\u867d\u53ea\u80fd\u5b9a\u6027\uff0c\u4e0d\u80fd\u5b9a\u91cf\uff0c\u4f46\u5374\u4e0d\u80fd\u7f3a\u5c11\u3002\u4e00\u5b9a\u5f97\u6709\u5149\u660e\u7684\u524d\u666f\uff0c\u5f97\u6709\u76fc\u5934\uff0c\u6ca1\u6709\u76fc\u5934\u7684\u516c\u53f8\u662f\u6ca1\u6709\u76fc\u5934\u7684\u3002<\/p>\n

 <\/p>\n

6 \u3001\u5e02\u51c0\u7387\uff08 PB\uff09 \u5e02\u51c0\u7387\u662f\u548c ROE\u8054\u52a8\u7684\u6307\u6807\uff0c\u5bf9\u4e8e\u4e00\u5bb6 ROE\u4e3a 10\uff05\u7684\u516c\u53f8\uff0c\u8ba4\u4e3a\u5176\u4ef7\u503c\u5c31\u662f\u5176\u51c0\u8d44\u4ea7\uff0c\u5373 PB\u4e3a 1. \u4ee5\u6b64\u4e3a\u57fa\u7840\uff0c\u5408\u7406\u7684 PB=\uff08 ROE^2\uff09 *100. \u5982\u679c\u52a0\u5165\u5206\u7ea2\u6307\u6807\uff0c\u5408\u7406 PB=\uff08\uff08 ROE^2\uff09 *\uff08 1-\u5206\u7ea2\u7387\uff09 \uff09*100+ROE*\u5206\u7ea2\u7387 *10. \u4f8b\u5982\u4e00\u4e2a\u957f\u671f ROE20\uff05\u7684\u516c\u53f8\uff0c\u4e0d\u8003\u8651\u5206\u7ea2\uff0c\u4ed6\u5408\u7406 PB\u5e94\u8be5\u662f 4\u500d\u3002\u5bf9\u4e8e\u4e70\u597d\u80a1\u516c\u5f0f\uff0c\u5f53\u524d PB\u4f4e\u4e8e\u5408\u7406 PB\u7684\u4e00\u534a\u662f\u6700\u597d\u7684\u3002 \u957f\u671f\u5e73\u5747 PB\u4e5f\u53ef\u4ee5\u4f5c\u4e3a\u5408\u7406 PB\u7684\u53e6\u4e00\u4e2a\u6807\u51c6\uff0c\u5f53\u524d PB\u4f4e\u4e8e\u957f\u671f\u5e73\u5747 PB\u7684\u4e00\u534a\u4e5f\u662f\u5224\u65ad\u4e00\u76f4\u4e70\u597d\u80a1\u516c\u5f0f\u7684\u91cd\u8981\u6761\u4ef6\u3002<\/p>\n

 <\/p>\n

7 \u3001\u5e02\u76c8\u7387\uff08 PE\uff09 PE \u76f8\u6bd4 PB\u6765\u8bf4\uff0c\u7075\u654f\u5ea6\u66f4\u9ad8\uff0c\u6ce2\u52a8\u66f4\u5927\uff0c\u4f46\u5374\u66f4\u76f4\u89c2\u3002\u56e0\u4e3a\u8fd9\u4e2a\u7279\u70b9\uff0c\u4e0d\u9002\u5408\u5468\u671f\u6027\u80a1\u7968\u7684\u4f30\u503c\u3002\u4e0d\u8003\u8651\u5206\u7ea2\uff0c\u5408\u7406 PE=ROE*100. \u8003\u8651\u5206\u7ea2\uff0c\u5408\u7406 PE=ROE*100*\uff08 1-\u5206\u7ea2\u7387\uff09 +\u5206\u7ea2\u7387 *10.\u4f8b\u5982\u4e00\u5bb6 ROE\u4e3a 15\uff05\u7684\u516c\u53f8\uff0c\u5206\u7ea2\u7387\u4e3a 30\uff05\uff0c\u90a3\u4e48\u5176\u5408\u7406 PE\u4e3a 15*0.7+0.3*10=10.5+3=13.5 \u4e70\u597d\u80a1\u516c\u5f0f\u7684\u6807\u51c6\u662f\u5f53\u524d PE\u4f4e\u4e8e\u5176\u5408\u7406 PE\u7684\u4e00\u534a\u3002\u957f\u671f\u5e73\u5747 PE\u4e5f\u53ef\u4ee5\u4f5c\u4e3a\u5408\u7406 PE\u7684\u53e6\u4e00\u4e2a\u6807\u51c6\uff0c\u5f53\u7136\u4e70\u597d\u80a1\u516c\u5f0f\u7684\u6807\u51c6\u4e5f\u662f\u5f53\u524d PE\u4f4e\u4e8e\u5176\u957f\u671f\u5e73\u5747 PE\u7684\u4e00\u534a\u3002<\/p>\n

 <\/p>\n

8 \u3001\u957f\u671f\u4f4e\u70b9 \u5224\u65ad\u957f\u671f\u4f4e\u70b9\u7684\u4e00\u4e2a\u597d\u65b9\u6cd5\u5c31\u662f\u5f53\u524d\u80a1\u4ef7\u521a\u521b\u51fa 240\u65e5\u4f4e\u70b9\u3002<\/p>\n

 <\/p>\n

9 \u3001\u4e2d\u671f\u8d8b\u52bf \u4e2d\u671f\u8d8b\u52bf\u5f97\u5411\u4e0a\u3002<\/p>\n

 <\/p>\n

10 \u3001\u77ed\u671f\u4e70\u70b9 \u77ed\u671f\u5904\u4e8e\u8f68\u9053\u4e0b\u7aef\u3002<\/p>\n

 <\/p>\n

{\u80a1\u7968\u516c\u5f0f\u7f51:www.lixiangluntan.com\u4e13\u4e1a\u7834\u89e3\u5b98\u65b9\u9ad8\u7aef\u80a1\u7968\u8f6f\u4ef6--\u516c\u5f0f\u7f16\u5199\u4ea4\u6d41--\u52a0QQ751161480--}<\/p>\n

\n

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\n

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