上海财经大学MBA学历学位教育项目 课程论文作业 题目：低市盈率效应的实证分析 学号：2013211301 学生姓名：刘军 学年学期：2014-2015学期第一学期秋I 课程名称：行为金融学 任课教师：陈旭卢 教授 页数：11 2014年11月26日
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低市盈率效应的实证分析
摘 要：本文通过对上海证券市场A股上市公司的实证分析，从2009年到2013年五年间，按照每年市盈率的高低分为5组，计算每组的收益率。分析发现，我国并没有呈现出明显规律性的低市盈率效应，而且市盈率与收益之间并无明显的线性关系，这种现象说明我国股市投资理念有良好的转变。
关键词：低市盈率效应 收益率 市场异象
一、 引言
市场有效性假设指出，市场上的每个人都是理性的经济人，股票的价格反映了这些理性人的供求平衡，同时也能充分反映资产的所有可获得的信息，即“信息有效”。如果证券市场上的证券价格能够迅速充分的反映所有有关信息，投资者就不可能利用某些手段在市场上获取超额利润。与市场有效性理论相悖，低市盈率效应被很多西方研究证实。
低市盈率效应是指由低市盈率股票组成的的表现要优于由高市盈率组成的投资组合的表现。这一观点也得到了很多研究的支持。通过对低市盈率股票的观察可以发现，一方面这一类股票的市场更接近于，或者出现价值被低估的情况；另一方面，这类股票往往是投资者关注较少的股票，或者不是短期内的热点。相对而言，价格向价值回归是一种长期趋势，而热点转换也是市场运动的规律，因此价值被低估的、暂时性非热点的，往往就是潜在的下一个热点，所以其上涨的空间和概率都比较大。
关于西方的研究，早在1970年Williamson就曾提出低市盈率股票将具有比高市盈率股票更高的投资绩效，Sanjoy Basu则于1977年通过实证分析发现了低市盈率的资产组合比高市盈率的资产组合具有更高的利润，即使根据资产组合的\值调整收益后，这种市盈率效应仍然起作用。
本文试图通过对我国股市近五年的数据分析，检验我国股市是否存在低市盈率效应。
二、 数据及分析方法说明 1、 数据的选取
本文选取2009年到2013年连续5年上海证券交易所A股上市公司数据，每年按照市盈率的高低原则来构建投资组合，根据这些投资组合的年均收益率来检验投资绩效与市盈率高低的相关性。
由于我国沪深股市在市场中具有相同的运营机制和相似的投资者，二者在实际运作中具有较强的联动性，股价的变化也高度相关，因此，选取上证A股
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为代表，能够反映我国股市的整体特征。
样本剔除了五年中有缺失的数据，以及异常股票（ST）和市盈率为负值的股票，最终选取的样本总量为549只股票。 2、 分析方法
1) 构建市盈率投资组合
每年度按照每一只样本股的市盈率（由于数据公布的滞后性，这里选取每年1月1号的滚动市盈率，并且不包含负市盈率的股票，因为负市盈率可视为高市盈率，而本文主要研究低市盈率效应，因此不做分析）进行排序，然后按照五分位数的原则分为不同市盈率等级的组合，每一市盈率组合以同一市盈率等级内的公司构成，假定每年1月1日等额投资于这些组合的股票并持有一年，在次年年初以同样的方式投资于同样级别的股票。这五类投资组合分别以A、B、C、D、E（市盈率从低到高）表示，投资组合A、B、C、D分别各含109只股票，组合E含113只股票。
2) 市盈率投资组合收益率计算
根据每个投资组合提取每年的收益率，并将组合内的收益率取平均值。 3) 行业例证
因同一时期不同行业的市盈率水平会有差异，为排除这一可能的影响，特选取化工行业为例，按照与前面相同的方法根据不同的市盈率等级构建投资组合，计算不同组合和不同年份的收益率。总共29只股票，投资组合A、B、C、D分别各含5只股票，组合E含4只股票。
三、 实证分析结果 1、 未划分行业的收益率情况
各P/E组合各年平均收益率情况如下表。对比表中数据可以看出，平均收益率相对不同的市盈率呈现出一些波动，在2009年，低市盈率的投资组合A所获得的收益率高于其他投资组合，但是高出比例较小。2011年及2012年，低市盈率组合A所获得的收益率有比较明显的高于其他市盈率对应的投资组合，尤其是在2012年，低市盈率投资组合A的收益率显著高出其他组合，约为4倍于其他组合的平均收益率，而从样本数据中发现，并没有出现收益率奇高从而拉高平均收益率的情况。
而在2010年和2013年，低市盈率组合所获得相对较低的收益率，特别是在2010年，投资组合A的收益率明显小于其他投资组合，而2013年，高市盈率投资组合E的平均收益率也很低。通过对样本数据的观察，同样没有发现有个别收益率显著低的现象。总体来看，收益率与市盈率的线性相关性弱。
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2013年P/E中位数平均回报(%)2012年P/E中位数平均回报(%)2011年P/E中位数平均回报(%)2010年P/E中位数平均回报(%)2009年P/E中位数平均回报(%)A(低P/E)11.177.13B17.7615.09C26.0618.52D41.6321.36E(高P/E)123.697.0510.1715.5515.855.1523.572.1035.855.7886.562.7414.76-21.3724.80-28.3936.05-29.2557.13-28.65114.35-29.5221.46-5.5832.618.2944.7115.4162.1118.90179.6415.3010.75163.4017.44130.8523.72131.6034.29125.84115.53139.78 2、 以化工行业为例的收益率分布情况
在化工行业下，投资组合的构建及收益率的计算方式与前面相同。
从下表的收益率分布可以看出，其分布情况与前面未划分行业得出的结果基本相关。仍然有在2011年和2012年这三年中低收益率明显高于其他组合的情况，2009年，不同的市盈率等级的投资组合的收益率相当，并无太大差异。在2010年和2013年，低市盈率投资组合所得收益率较低，但是根据市盈率等级不同的收益分布波动较大。总体来看，该行业的收益率分布情况与各行业总体分析结果又一定相似性，但也有不同。
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2013年P/E中位数平均回报(%)2012年P/E中位数平均回报(%)2011年P/E中位数平均回报(%)2010年P/E中位数平均回报(%)2009年P/E中位数平均回报(%)A(低P/E)12.148.06B19.2417.01C29.1618.17D80.667.59E(高P/E)214.225.8312.229.6519.623.2927.296.8053.215.1861.06-0.3519.74-24.6631.32-27.9445.61-28.6768.48-28.0073.43-32.4028.87-3.7735.917.3047.5716.3279.40-2.78102.0321.5916.43131.8022.5727.63140.15139.36化工行业36.39132.9032.42140.71 四、 结果分析 通过对上证A股公司的实证分析看来，总体上，低市盈率对应的收益率高、低和相当的情况均有出现，并且同一行业也具有相同的分布特征。
从2011年和2012年来看，我国股市也具有明显的低市盈率效应，即低市盈率公司的投资组合能够获得较高的收益率。其余三年均出现一定程度的波动性。
从理论上讲， 市盈率反映的是投资者为获得未来预期的权利所付出的成本。市盈率越高， 说明投资者为获得这种权利支付的成本越高，也表明投资者期待着更高的盈利增长; 相反，市盈率越低，相对于股票的盈利能力来说其股价越低， 表明投资回收期越短，投资风险也越小。然而，股票市场上股价的走势与上述原理出入很大，有时候往往是市盈率较低的股票， 其市场表现较为沉闷， 而市盈率较高的股票，其市场表现反而抢眼。市盈率是一项动态指标，它会随股票行情的变化而变化。
然而在我国市场中，既有比较成熟的投资者，他们不容易受到低市盈率效应这种市场异象的影响；同时也有比较盲目的投资者，他们或许并不关注市盈率这些因子。
实际中投资者在心理上对不同市盈率的股票所持态度有较大的差异。一个具有良好前景的上市公司，其市盈率一般较高， 而一个发展潜力不大的上市公司的市盈率一般较低。假如甲公司的股价为20 元，每股盈利是0. 50 元，则其市盈率为40倍；乙公司的股价为10 元， 每股盈利也是0. 50 元，其市盈率只有20倍，这种收益相同而价格差异较大的现象一定程度上说明了投资者看好甲公司而不看好乙公司的心理。
我国股市通过这些年的发展，投资理念已逐步向以研究公司基本面和价值投资过渡。中国的股市经历了2008年的金融危机后，近几年逐渐稳步发展，不
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论从融资角度还是投资角度，都表现得日益成熟，回归理性，人们开始关注风险，关注投资价值。
五、 结论
通过对上证A股公司从2009年到2013年五年间的实证分析看来，总体上，我国股市在近五年间并无明显的规律性的低市盈率效应。
低市盈率效应早在上世纪70年代即被提出，距离现在已有三、四十年的时间。除了低市盈率效应，还有其他很多市场异象在历史中的出现，而这些研究都集中在20世纪70、80年代，其间西方学者通过大量的统计研究，发现了在西方国家股市中普遍存在着市盈率效应、小公司1 月份效应、被忽略公司效应和流动性效应、帐面-市场价值比效应、颠倒效应诸多与证券市场有效性假设相悖的证据，这些异象都影响着部分投资者。
由于我国证券市场从设立开始发展到今天，还只经历了不长的时间，仍存在许多不完善的地方，对市场异象的研究却需要大量的历史数据作支持，因而我国有关这方面的研究还很少，伴随着我国证券市场规模的不断扩大，和对我国证券市场是否存在市场异象的实证研究也得到相应的重视，以及历史数据的不断丰富，有关证券市场理论的研究会不断的得到深入和发展，对消除市场投资人的强烈的投机成分，规范市场，推动证券市场积极健康的发展有着非常重要的意义。最后，市盈率并不是选股的一个决定性指标，投资者还是要考虑基本面、行业趋势和公司经营状况等综合因素。
参考文献：
【1】 行为金融， （美）露西 F.阿科特 （加）理查德.迪弗斯， 戴国强 等译 【2】 “Investment performance of common stocks in relation to their price-earnings
ratios: A test of the efficient market hypothesis” Journal of Finance 32， 663-682
（数据见附页：数据来源于同花顺iFinD金融数据端）
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代码市盈率（PE，TTM）[交易日期]股票简称20090101[TTM基准日]报表截止日期兴业银行浦发银行华夏银行中国银行民生银行建设银行工商银行交通银行中信银行招商银行南京银行赣粤高速北京银行建发股份悦达投资国电电力宝钢股份山东高速海信电器中国铁建大秦铁路中国中铁皖通高速京能电力金地集团冠城大通上汽集团中国石化东方集团一汽富维方大特钢澳柯玛广东明珠友好集团世茂股份四川路桥中原高速天津港五洲交通隧道股份厦门空港航民股份信达地产中国神华豫园商城浙江龙盛浙江东方白云机场深高速长江电力浙江富润雅戈尔青岛海尔哈投股份中煤能源宁沪高速上海建工日照港外运发展宇通客车保利地产福耀玻璃华远地产新湖中宝上海机电嘉宝集团上港集团北京城建首开股份天地科技浦东建设城投控股江西长运葛洲坝亨通光电万通地产京能置业兰花科创新华百货上海能源百联股份东方电气华发股份浙江医药交运股份爱使股份安徽合力中天科技国投新集华鑫股份合肥三洋大唐发电申能股份航天信息物产中大海博股份龙元建设重庆百货珠江实业大有能源法拉电子福田汽车北方股份银座股份沧州大化三一重工金龙汽车楚天高速中化国际区间涨跌幅[起始交易日期]20090101[截止交易日期]20091231[复权方式]前复权[单位]0.13130.8972.7649.9096.8163.7359.11102.51116.2693.83135.10127.81119.34107.07305.1033.07114.0311.51307.90-8.0632.1816.2464.5597.91178.89250.56388.57103.76124.64386.82242.5499.23126.40185.35148.4963.1469.0243.2079.8128.5452.79192.81177.04101.83204.22267.31183.6546.2437.27-5.62179.26105.96178.7398.61112.2336.6072.4879.5151.34132.12103.34284.06112.71145.7971.06213.6878.24155.97213.88155.8958.9454.3494.7758.77226.12136.7587.03273.38170.72189.47122.2151.35102.84162.43194.79121.48108.89166.63141.12104.17215.8242.0891.8622.01244.65111.09279.32183.43168.29164.69184.10296.72111.0258.87156.90164.35136.7648.9155.18市盈率（PE，TTM）[交易日期]20100101[TTM基准日]报表截止日期15.1714.4916.4813.6014.5513.5514.1315.2322.4318.9323.0216.5221.3815.1520.0525.2129.0916.8229.9117.0920.4719.4814.6333.2019.4130.2325.9719.9361.5716.70191.8350.8133.1245.8294.67103.3321.0832.3429.6128.2520.1223.7026.4522.8745.3322.4945.9021.4623.9831.8330.949.9028.8728.0627.1917.8930.9430.0234.7418.4422.4026.7722.7329.2230.0422.6132.3815.6024.2933.1030.1538.1424.1019.0128.8737.00213.8519.6625.6019.1446.7728.7422.5313.1939.78152.0545.4523.5739.8745.2840.6372.0620.5430.6742.2127.5645.7852.2639.6175.4930.7816.8344.4151.3777.2627.9132.2417.1327.53区间涨跌幅[起始交易日期]20100101[截止交易日期]20101231[复权方式]前复权[单位]%-35.65-25.15-11.16-20.13-23.29-21.24-17.52-37.06-35.20-23.89-28.58-34.81-40.04-7.1822.84-16.22-31.83-9.63-32.32-24.19-21.32-30.303.1510.62-19.13-25.12-26.75-41.4611.058.9333.66-2.728.8750.46-18.91-10.29-17.93-32.16-2.44-19.57-16.77-1.41-45.45-27.25-11.093.66-9.15-10.91-14.70-12.4519.63-21.5415.36-21.07-18.64-2.84-4.68-11.492.1711.57-25.86-30.32-28.16-8.84-21.77-15.57-32.75-17.49-13.5312.5444.15-36.3511.6649.9128.11-29.05-16.018.7723.8413.360.1055.36-45.40-6.52-14.47-11.6926.9325.83-20.39-16.90-21.16-32.03-31.6737.34-38.37-13.66-29.2310.14-11.66161.8170.0028.7333.48-2.40-32.3386.78-16.55-0.562.13市盈率（PE，TTM）[交易日期]20110101[TTM基准日]报表截止日期7.789.279.088.647.638.518.967.909.5310.7312.7710.3610.478.3511.1319.628.6812.5611.9919.7011.1712.3212.5226.6910.2612.349.889.8846.0811.2027.9336.9519.1139.4718.1024.5114.3917.3919.0314.5516.0715.6222.2913.2228.7421.3921.0617.2614.4715.1923.079.1018.5817.0920.8413.4616.6021.6617.9812.7211.8111.5013.8719.7416.2715.5114.769.0414.4130.8130.0121.5121.3229.3841.4417.0322.5720.4627.9915.3429.1827.1411.0212.8129.75148.7917.6322.6520.7833.8621.7530.3117.5427.9814.1523.6331.7631.1416.16849.6425.3315.5639.3365.8836.5019.5017.1512.5625.42区间涨跌幅[起始交易日期]20110101[截止交易日期]20111231[复权方式]前复权[单位]%-4.74-9.834.63-5.4719.413.244.31-9.75-18.01-5.21-4.56-30.35-17.16-1.5010.40-5.73-20.42-29.664.46-43.27-0.45-40.98-26.40-20.85-19.08-29.58-2.64-8.19-29.97-33.16-40.09-42.95-32.29-27.01-22.65-23.32-24.87-26.56-29.15-26.93-17.62-33.86-39.055.31-37.41-50.74-17.48-26.92-19.21-12.98-26.25-10.06-36.47-29.31-15.69-9.58-38.62-33.82-32.7114.103.99-18.23-22.34-31.33-23.85-42.17-30.132.56-25.15-28.48-53.83-23.25-33.53-32.98-59.78-43.15-21.64-16.32-20.50-33.07-38.27-33.43-27.99-37.58-37.63-30.49-30.50-47.98-19.45-39.98-42.95-13.94-8.56-26.59-26.98-41.85-9.42-27.07-13.41-27.15-40.76-51.49-18.63-22.22-44.08-12.82-22.19-36.70-45.40市盈率（PE，TTM）[交易日期]20120101[TTM基准日]报表截止日期5.295.808.346.565.646.717.115.466.137.098.588.006.466.349.2311.7811.547.836.115.959.488.028.1119.567.345.637.718.6812.269.886.9639.4512.0921.0710.3312.2218.5510.9011.6711.1611.308.9610.1011.2414.0910.3616.4010.219.6413.6328.8811.858.9111.5512.5711.807.5614.7811.7910.419.1110.629.1315.0911.4011.1612.4812.887.6420.5315.3212.5912.6717.3213.7812.5010.9513.3618.779.5514.0715.157.678.8416.56102.3511.3017.7515.2816.5711.5635.9615.2718.589.7917.2818.8919.718.3116.0612.8310.6418.4949.0127.4911.0111.9410.5611.85区间涨跌幅[起始交易日期]20120101[截止交易日期]20121231[复权方式]前复权[单位]6.7721.19-5.585.4343.776.912.8412.6310.1920.162.58-7.6322.8911.85-1.92-2.025.219.0227.6558.19-3.7022.901.4111.7743.2474.8927.660.86-1.09-10.670.5210.969.7611.4513.8291.28-4.811.4513.8815.636.8428.9114.783.84-13.597.8921.4020.72-8.5012.2232.14-11.9952.23-2.07-11.02-2.4977.099.2423.6519.2965.6714.8250.5726.025.2322.756.2122.2140.61-25.5440.6618.96-0.10-27.6927.4823.49-5.525.68-35.16-12.79-22.83-39.3118.898.28-2.0811.337.20-10.20-12.7510.149.99-20.15-1.51-23.7912.39-4.523.46-18.51156.41-14.41-3.8117.932.56-13.90112.01-13.46-1.65-8.81-7.67市盈率（PE，TTM）[交易日期]20130101[TTM基准日]报表截止日期5.195.415.545.855.945.956.086.286.476.556.816.837.017.307.598.028.068.178.248.548.748.808.819.029.279.299.379.469.529.579.669.869.889.9810.0210.0310.0710.0710.1010.2710.3510.5010.5010.5810.6610.7410.8110.8310.8310.9510.9811.0011.0111.0711.1711.2511.2911.3011.3211.4711.5011.5211.5611.6811.7211.7812.0412.0912.1312.1412.1712.1912.2012.2512.3312.4012.4412.4412.4612.6112.6312.7012.7212.8812.9213.0213.1513.2013.2313.3113.3613.3813.4313.4413.4813.5713.6513.7013.7213.7613.8213.9713.9914.0614.1314.1414.2114.2114.22区间涨跌幅[起始交易日期]20130101[截止交易日期]20131231[复权方式]前复权[单位]%-5.090.3313.38-4.561.60-4.32-8.19-17.42-6.10-15.21-7.74-9.99-14.944.1411.94-6.36-13.71-5.4717.31-18.1215.78-10.182.77-1.76-3.691.24-16.11-11.4015.844.7412.66117.232.13-9.65-22.51-4.35-0.1046.0220.592.6617.0123.57-22.15-33.9111.54121.5449.673.303.10-3.388.801.1350.0479.64-37.0614.73-1.43-12.1147.3328.21-38.190.09-24.89-24.39123.06-8.26111.37-32.79-41.12-36.8722.5055.5430.97-25.713.32-20.5027.17-44.80-16.69-36.3520.18-8.56-10.89-8.4654.73-9.1238.3938.40-40.9931.5698.507.235.8740.3260.0489.07-35.92-12.79-26.21-29.4657.50-22.214.58-18.53-26.06-37.2530.944.4835.04601166.SH600000.SH600015.SH601988.SH600016.SH601939.SH601398.SH601328.SH601998.SH600036.SH601009.SH600269.SH601169.SH600153.SH600805.SH600795.SH600019.SH600350.SH600060.SH601186.SH601006.SH601390.SH600012.SH600578.SH600383.SH600067.SH600104.SH600028.SH600811.SH600742.SH600507.SH600336.SH600382.SH600778.SH600823.SH600039.SH600020.SH600717.SH600368.SH600820.SH600897.SH600987.SH600657.SH601088.SH600655.SH600352.SH600120.SH600004.SH600548.SH600900.SH600070.SH600177.SH600690.SH600864.SH601898.SH600377.SH600170.SH600017.SH600270.SH600066.SH600048.SH600660.SH600743.SH600208.SH600835.SH600622.SH600018.SH600266.SH600376.SH600582.SH600284.SH600649.SH600561.SH600068.SH600487.SH600246.SH600791.SH600123.SH600785.SH600508.SH600827.SH600875.SH600325.SH600216.SH600676.SH600652.SH600761.SH600522.SH601918.SH600621.SH600983.SH601991.SH600642.SH600271.SH600704.SH600708.SH600491.SH600729.SH600684.SH600403.SH600563.SH600166.SH600262.SH600858.SH600230.SH600031.SH600686.SH600035.SH600500.SH6.415.9911.8111.879.729.6710.688.1711.318.4910.588.3110.2412.7325.51169.6412.5813.1414.0533.9915.58103.529.0419.9612.9914.1353.5120.5016.366.48180.12101.5014.8720.4052.66118.1221.7715.4422.6827.3618.3510.6612.1513.1221.928.8221.1916.6919.1134.3674.6610.1415.6610.4812.5917.6421.5218.708.488.8115.7731.679.3013.5612.7512.2115.0416.438.9017.9727.3214.9017.7218.1615.448.2616.704.8616.885.6828.43149.3911.676.5014.0650.1913.0017.2312.8723.3723.4492.4929.2128.0419.2514.1615.1417.9337.6248.1213.5212.7427.5928.2612.2416.9210.4911.6715.87
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代码市盈率（PE，TTM）[交易日期]股票简称20090101[TTM基准日]报表截止日期中国石油区间涨跌幅[起始交易日期]20090101[截止交易日期]20091231[复权方式]前复权[单位]8.6424.30146.74128.7095.13164.495432.835182.15260.694105.45938.090134.90085.712167.351123.37355.019255.039117.742110.313224.172402.347151.198126.38593.72196.02730.582168.285303.875102.882195.967142.88537.926112.157185.31857.472122.799178.803123.88398.26795.76367.73862.568459.220147.119103.34332.76277.46850.03072.044270.675133.66757.203222.108265.420141.611315.077107.911243.990200.756246.620213.976106.94057.000132.221116.874263.850128.267115.33786.662156.51359.803172.196130.801356.430116.06657.58868.48510.89396.59170.02789.063118.796325.726163.06154.148134.260228.978216.66785.58198.507102.774141.015147.047111.92892.75485.14380.037309.41394.41773.33583.19617.909119.849105.40296.005280.073141.105143.762155.583159.263市盈率（PE，TTM）[交易日期]20100101[TTM基准日]报表截止日期24.5227.0337.4561.8145.9725.20055.04835.25633.83537.85518.28734.5149.69682.38144.51847.52365.56831.57027.60919.88725.06745.65832.59224.84944.01424.89347.36051.73939.58227.71244.59123.31334.59829.20437.16627.39434.25624.12944.74737.71935.59727.861228.33343.10449.98040.14528.58127.98434.98425.65021.07432.93369.96440.88730.97024.74929.14631.72235.1979.38027.09841.02472.94751.58647.15755.22031.32748.22356.40332.89743.20226.42735.72463.52530.55226.63648.10536.94638.74825.16129.76231.30528.24824.96931.74635.91445.40921.86072.51831.70032.51149.07141.86575.49133.331809.23954.09255.02836.03434.67861.36029.822106.77838.44130.77333.72734.54056.30761.40637.012区间涨跌幅[起始交易日期]20100101[截止交易日期]20101231[复权方式]前复权[单位]%-16.5112.62-18.80-41.9656.99-38.951167.61340.93052.097-14.299-18.131-26.0343.80011.214-20.407-28.6045.746-23.617-19.24921.10349.579-1.751-10.63120.3053.771-26.069-29.56012.820-13.6160.402-17.98158.964-40.52624.9709.320-40.703-13.280-14.089-27.81541.932-5.466-29.69419.876-6.659-29.86333.74637.574-21.1875.09353.54698.887-14.588-2.6691.26034.668-14.4332.928-13.498-23.10871.609-25.541-15.3235.73354.186-12.21415.14611.329-8.547-18.67613.28338.311-19.70846.697140.023-25.85114.227-11.211-24.764-19.538-28.60613.341-36.41318.58334.44737.44285.84626.80925.982-31.46831.511-27.0361.034-3.14817.057-6.606-13.580-2.66842.53145.34018.312-13.91022.08872.36616.91181.62365.50366.340168.664-25.353-25.392市盈率（PE，TTM）[交易日期]20110101[TTM基准日]报表截止日期14.6824.5320.8626.5731.8113.89352.18235.37423.86516.05818.42218.50129.70225.14131.91118.21514.82818.50215.17417.49928.59154.25828.43116.99130.97515.70729.36331.87424.72830.77523.89727.80958.03515.50034.36534.59724.05825.91622.14557.68830.67513.56051.96434.76330.54535.31329.41823.47830.63323.95521.68132.83960.26611.78336.67716.89624.79920.70726.03350.54818.39730.709511.79438.90472.70733.97020.46635.97230.30426.69844.03829.05048.19968.65324.01725.49338.56928.92931.941100.08125.60722.68819.96627.8868.00446.67440.78423.90434.84330.39721.85438.17737.24949.54740.626157.73038.30259.19043.50829.99067.48231.31763.52037.97930.80817.26435.55423.68641.10936.555区间涨跌幅[起始交易日期]20110101[截止交易日期]20111231[复权方式]前复权[单位]%-10.23-25.85-11.13-36.31-48.80-45.477-39.965-8.896-38.752-21.267-30.799-27.105-36.043-10.125-38.002-0.44449.822-32.086-33.931-5.038-46.853-35.735-15.180-20.265-23.8514.388-33.796-50.723-29.234-30.7052.201-42.739-21.569-19.75416.869-17.635-37.866-34.515-28.438-37.755-21.061-45.034-5.58527.916-28.320-42.303-31.419-46.1926.045-40.840-52.691-42.401-15.887-42.899-34.694-31.061-37.926-34.08924.293-25.469-41.645-27.756-28.400-19.271-12.45314.633-34.939-19.522-30.658-35.066-41.002-39.793-44.545-28.606-34.030-26.749-39.294-16.584-39.834-24.302-29.159-31.697-27.946-39.157-37.791-32.758-42.088-50.991-30.609-16.302-23.036-36.014-37.956-27.572-49.25212.143-51.185-61.380-20.810-26.375-29.436-44.736-32.555-36.670-33.978-56.569-14.86615.773-26.692-30.092市盈率（PE，TTM）[交易日期]20120101[TTM基准日]报表截止日期13.4014.8515.0512.1914.596.99930.92417.02313.94411.65214.91311.21913.953599.35018.16815.72817.79012.5769.61722.63612.98930.03521.7577.1568.88513.82117.97411.59514.58619.53916.93916.12619.60812.77122.90120.29912.77415.51513.24925.50421.87913.74725.53869.51716.79313.26717.05716.46626.22613.0589.33716.35456.59912.43627.91313.64713.99913.51623.39711.53516.41620.12918.19718.90427.31521.75717.55019.89320.08613.36424.21617.01918.85422.63711.98223.94519.75853.91123.57031.15317.23819.21212.69318.17618.24924.54619.61814.86018.03624.05519.07920.55615.01212.89823.95919.30421.16316.25624.15714.99835.52116.85924.24619.77210.0488.60722.29610.16527.08925.416区间涨跌幅[起始交易日期]20120101[截止交易日期]20121231[复权方式]前复权[单位]%-3.87-11.7526.2968.021.7556.451-13.258-2.458-24.257-0.643-2.44941.97824.087-1.387-5.8976.762-12.25042.80414.908-37.019-3.02117.746-18.01420.45715.730-14.197-2.46511.1462.917-3.015-2.94314.39412.907-16.0709.8352.64937.16010.01122.858-24.521-13.93937.22630.472-20.565-5.85819.44734.596-15.027-15.782-2.646-3.37138.247-25.68917.43915.718-12.81232.736-17.7240.2047.78951.771-3.159-9.660-31.3924.483-0.474-21.05325.5485.56427.252-18.71434.235-22.19929.9009.260-27.060-18.78345.308-4.30622.5696.241-4.9115.658-35.68117.07717.5836.395-15.997-8.412-21.975-15.839-11.01411.9405.580-5.5288.28022.043-3.469-2.779-25.492-22.09948.61914.441-21.15429.833-14.61819.812-24.488-10.369-3.321市盈率（PE，TTM）[交易日期]20130101[TTM基准日]报表截止日期14.3514.3514.3714.5014.5514.56314.57414.63114.64214.78814.90215.00015.02815.03615.15815.18615.18815.20515.25115.27215.27615.29015.38815.50115.60115.68215.80715.84016.03116.08816.15016.17016.21416.25516.30616.36716.36916.43016.44416.46816.53916.77416.83717.01417.03417.07517.09817.36217.45717.62017.65217.70817.73017.73717.75817.87117.88117.98118.01218.13618.15018.17018.27818.27818.29518.44118.52618.64018.65418.73518.75518.80418.97019.02119.09319.11619.18319.23919.26419.35119.46719.56119.62619.73619.85020.04720.05720.15920.22420.31420.33120.36220.61620.64620.68820.72820.77420.89020.97720.98421.03021.12221.13821.18321.23421.39121.65721.73821.78021.888区间涨跌幅[起始交易日期]20130101[截止交易日期]20131231[复权方式]前复权[单位]%-11.65-26.4237.73-10.8135.9933.68551.58038.3281.328168.0360.539-21.09090.3276.80328.55418.2517.354-24.64825.936-1.260-49.83641.34175.230-6.486-4.387-1.171-3.947-38.713-37.206208.27733.85838.818-10.013-49.731-36.563-10.286-7.071-10.308-11.949-20.87657.511-21.869-40.88254.58222.4063.63053.17668.113-14.065-43.060-31.28377.053-32.97629.68620.02913.547-6.679-37.0229.926-11.652-20.51782.18625.9137.43056.66212.09220.9695.91010.612-55.161-6.95818.2136.692-46.055-22.14314.187-7.33010.5821.0465.11520.07129.701-49.85711.20864.74638.2868.7988.67534.465-19.45352.66713.79888.49910.84162.251-22.18131.298131.60817.02726.70970.9000.139-1.97880.491-2.05321.12463.920-35.85051.80029.249601857.SH600829.SH600309.SH600748.SH601607.SH600675.SH600252.SH600794.SH600295.SH600626.SH600033.SH600665.SH600196.SH600353.SH600628.SH600009.SH600502.SH600533.SH600755.SH600303.SH600348.SH600682.SH600551.SH600585.SH600106.SH601333.SH600317.SH600362.SH601899.SH600388.SH600787.SH601808.SH601588.SH600188.SH600519.SH600426.SH600064.SH600356.SH600322.SH600859.SH600008.SH600528.SH600157.SH600759.SH600386.SH601766.SH600527.SH600089.SH600697.SH600971.SH600970.SH600486.SH600121.SH600418.SH600329.SH600233.SH601318.SH601666.SH600056.SH600366.SH600510.SH600845.SH600396.SH600143.SH600521.SH600612.SH600183.SH600167.SH601008.SH600395.SH600995.SH600978.SH600828.SH600199.SH600219.SH600529.SH601727.SH600886.SH600122.SH600097.SH601007.SH600611.SH601699.SH600327.SH600323.SH600518.SH600248.SH600480.SH600635.SH600125.SH600650.SH600592.SH600278.SH600509.SH600718.SH600780.SH600511.SH600499.SH600560.SH600195.SH600161.SH600062.SH600172.SH600880.SH600668.SH600375.SH600594.SH600160.SH600824.SH600865.SH三精制药万华化学上实发展上海医药中华企业中恒集团保税科技鄂尔多斯申达股份福建高速天地源复星医药旭光股份新世界上海机场安徽水利栖霞建设厦门国贸曙光股份阳泉煤业南京新百时代出版海螺水泥重庆路桥广深铁路营口港江西铜业紫金矿业龙净环保中储股份中海油服北辰实业兖州煤业贵州茅台华鲁恒升南京高科恒丰纸业天房发展王府井首创股份中铁二局永泰能源洲际油气北巴传媒中国南车江南高纤特变电工欧亚集团恒源煤电中材国际扬农化工郑州煤电江淮汽车中新药业大杨创世中国平安平煤股份中国医药宁波韵升黑牡丹宝信软件金山股份金发科技华海药业老凤祥生益科技联美控股连云港盘江股份文山电力宜华木业成商集团金种子酒南山铝业山东药玻上海电气国投电力宏图高科开创国际金陵饭店大众交通潞安环能大东方瀚蓝环境康美药业延长化建凌云股份大众公用铁龙物流锦江投资龙溪股份东方创业天富能源东软集团通宝能源国药股份科达洁能金自天正中牧股份天坛生物华润双鹤黄河旋风博瑞传播尖峰集团华菱星马益佰制药巨化股份益民集团百大集团16.3623.4611.0218.2249.9913.22427.66319.24620.07418.3199.27116.34119.00931.97122.26325.26132.60917.43916.03114.6956.43522.04615.15417.56924.31721.68611.31513.20222.76411.35019.12217.22921.0756.25127.00113.95616.73018.45131.58721.70237.02525.930347.21721.33932.24336.86520.97029.72521.6096.82717.24716.03113.21665.96018.15012.527295.0235.04113.59216.697475.09022.248166.71921.72324.24728.23634.13869.37821.92110.91317.21015.55619.33340.94512.96017.27527.57077.57119.44214.33520.71623.1095.04216.69322.58623.64026.35813.44650.04019.05613.67513.52018.57744.63122.570235.56335.28816.09619.82328.34953.15130.15727.54925.39138.56532.91217.78224.76326.73819.623
第 8 页 共 8 页
代码市盈率（PE，TTM）[交易日期]股票简称20090101[TTM基准日]报表截止日期陆家嘴宝胜股份外高桥烽火通信安琪酵母北京城乡中青旅精工钢构皖江物流方兴科技强生控股海澜之家卧龙电气长江通信宁波热电锦江股份同济科技首旅酒店轻纺城迪马股份哈药股份冠农股份广州发展歌华有线国电南瑞鲁银投资空港股份洪城水业亚泰集团梅花生物方大炭素三安光电贵航股份同方股份金证股份北方创业杭州解百好当家黄山旅游创业环保山东黄金浦东金桥青岛啤酒用友软件国电南自华新水泥长园集团小商品城凯乐科技兰州民百航天电子开滦股份双良节能瑞贝卡华胜天成沱牌舍得山煤国际广电网络杉杉股份阳光照明兴发集团康恩贝南京熊猫马应龙海油工程新疆城建山西汾酒香溢融通江中药业新黄浦明星电力爱建股份苏州高新申通地铁酒钢宏兴中航重机水井坊伊力特东方通信人福医药中航资本武汉健民中炬高新天药股份精达股份航天通信四川长虹万向德农亚盛集团张江高科海立股份辽宁成大联创光电八一钢铁华业地产飞乐股份申华控股中国国贸千金药业宁波富达金丰投资亿阳信通金宇集团万业企业华光股份紫江企业中国联通中金黄金广东榕泰现代制药28.170233.34430.15024.72627.81719.39724.43111.45032.978220.64825.35118.83115.49760.06224.85920.11652.50412.39430.01511.72316.103247.50326.98530.59541.50127.09513.98336.38921.76859.5209.55845.16938.17938.58512.80433.68717.84126.88033.45030.01927.12923.34037.38325.96529.09712.99527.40030.68020.45029.37318.7438.61124.87220.36522.14446.101557.59557.66521.26318.6748.29019.05871.48627.69027.57235.23119.15939.23725.30229.60315.545283.54513.05535.86091.71222.51317.44418.37351.19020.84816,534.65145.59628.42460.64112.052153.224196.43147.29164.51229.287151.93111.65543.02836.74320.779483.632116.51020.23227.07135.44512.15940.42821.0409.04519.91923.5035.40127.94216.87231.274区间涨跌幅[起始交易日期]20090101[截止交易日期]20091231[复权方式]前复权[单位]?.145161.202124.377155.216181.26093.137110.752187.055395.976354.009140.005121.497160.011121.599134.447163.980102.626155.862160.571260.88171.48229.72558.23951.434141.009166.366155.920109.319142.064360.089154.110452.35676.58789.435193.07080.786102.63386.93239.80657.259231.98679.66989.81465.34460.56161.34979.37863.468200.833199.035100.426338.819457.45061.37277.186193.856414.82055.345241.036148.824161.296133.213137.438186.10813.002201.252300.190162.571113.36690.445102.535105.872180.886117.243226.237106.433111.600162.45959.683239.714-70.324220.462233.54669.484101.849128.909105.76442.32189.18029.789108.296213.240187.368222.965160.064154.199119.99275.25969.105135.446118.161100.06781.929134.691138.019161.94746.365245.090112.515139.590市盈率（PE，TTM）[交易日期]20100101[TTM基准日]报表截止日期41.70229.52446.37845.03738.60737.97626.22523.8401,528.020112.08953.58445.63826.30344.01833.76250.60243.22633.52381.786163.31824.589335.16021.44745.58449.92553.32644.39474.48823.066204.407683.05081.30944.48152.07850.78348.19643.05883.07354.82144.64276.60932.07640.54229.25141.95419.15239.09633.24228.95599.05446.38537.81840.27858.01341.497103.90941.94849.10972.88038.33545.30439.757406.70435.29737.58936.10752.35582.99234.10560.62216.658151.66235.31459.56996.70343.91834.91653.00679.52833.1449,809.38746.938110.12778.62435.708408.174107.52749.87879.71628.19680.82125.611111.467111.31344.866487.13473.27742.71944.70559.12619.48870.48141.14625.90540.45817.26649.25888.36642.61345.364区间涨跌幅[起始交易日期]20100101[截止交易日期]20101231[复权方式]前复权[单位]%-33.0427.298-14.01255.78848.674-2.548-8.89138.97238.55332.416-15.2244.02320.44722.59716.5090.23111.534-0.28810.826-23.55524.89612.20016.251-11.910195.07125.592-26.40856.880-25.13344.48237.21873.87750.03742.249-6.64918.533-5.26347.317-5.648-8.35031.467-25.967-7.35511.292106.03828.18579.15856.673-9.566-2.68817.294-19.685-4.98635.28716.81628.9361.57651.93848.760132.19311.63464.851-12.55220.277-14.71315.18161.424-3.08456.816-47.71052.237-17.718-36.687-15.589-36.87328.913-0.69619.732-16.50680.358-70.32454.231-22.028-6.34431.600-5.401-15.32425.55314.038-29.5904.259-20.9247.285-28.812-8.477-12.763-23.767-16.750-2.440-37.100-21.14322.12445.100-23.42428.607-22.950-25.90825.00912.67136.539市盈率（PE，TTM）[交易日期]20110101[TTM基准日]报表截止日期26.33035.16921.25748.42347.55142.73622.43728.443576.62982.23253.18143.38334.19235.59622.88636.81840.32027.651152.75363.56124.8021,736.12923.06438.31679.74926.20929.25226.08225.80138.26244.14871.79568.34554.94049.65144.17137.37564.12035.79136.16061.33115.99530.81457.17364.47421.21751.33358.94783.07762.65567.17328.60558.15157.82843.36493.76534.33651.30884.97658.18140.00038.455600.69061.736373.58435.83559.99852.90442.92023.75428.13074.44214.75854.63120.57864.01446.07551.09345.14955.5101.37948.89659.83052.83728.45633.50236.04859.31887.82628.41736.40421.76284.97517.39316.45040.59797.05984.06764.82225.15213.77284.63534.10624.17643.08912.24092.37651.03639.77951.020区间涨跌幅[起始交易日期]20110101[截止交易日期]20111231[复权方式]前复权[单位]%-31.809-46.867-32.525-34.036-33.295-29.4426.501-25.546-19.658-18.203-39.064-34.710-51.636-36.135-6.062-23.894-29.288-42.347-43.086-35.557-56.278-34.330-15.007-35.467-13.267-7.630-29.722-29.208-28.395-24.649-37.473-47.318-58.892-33.343-16.63615.897-30.260-36.055-15.336-12.877-46.021-24.980-2.995-21.753-45.125-15.042-37.094-55.251-22.708-34.807-38.914-44.326-54.547-48.695-42.688-21.574-29.170-3.010-50.589-38.633-14.360-30.010-37.129-24.126-32.099-43.512-7.160-41.166-18.633-19.636-32.759-32.7730.708-43.024-19.830-52.603-4.041-40.4493.503-24.243-70.324-32.812-43.496-38.151-11.916-38.539-27.70329.003-25.532-21.900-16.456-38.577-48.824-34.5300.134-28.227-27.353-8.619-41.3976.441-26.572-45.530-14.725-37.723-45.331-28.233-1.564-43.408-30.658-48.444市盈率（PE，TTM）[交易日期]20120101[TTM基准日]报表截止日期21.485126.16926.35026.90532.48627.25423.40517.02326.74438.18422.33423.28731.28420.45219.44532.58324.01329.78628.45931.14620.45341.50337.05530.38538.3398.65716.87227.24612.00031.31718.24716.85925.23124.72630.31025.19023.85032.53127.32830.43021.23613.89426.02627.36020.46111.0739.27333.02845.88932.97639.53317.50438.60021.22824.05528.73521.53440.24332.89128.68026.86917.75231.54041.626118.21522.61035.02015.54539.60816.91613.10043.92817.99452.38110.12947.64532.10519.47835.51231.658276.66229.62125.46131.74730.66815.85224.31939.26076.88022.51925.1157.44124.72311.63510.73430.58447.85947.31538.82914.22411.19520.30522.41824.20224.38310.96378.64818.91242.28623.564区间涨跌幅[起始交易日期]20120101[截止交易日期]20121231[复权方式]前复权[单位]%6.328-2.3774.487-15.346-44.156-8.5516.843-0.190-15.28823.693-6.7321.467-21.29616.648-3.887-16.392-1.217-8.2309.13121.282-15.689-11.72811.197-15.110-22.6931.53345.564-7.7717.914-33.3221.37028.1330.319-13.95910.18210.2995.300-20.301-14.448-19.65234.98034.527-0.538-32.969-19.93420.371-10.473-14.32168.066-1.017-20.585-7.547-4.209-19.912-24.01074.077-14.839-34.017-15.990-23.9736.60439.9072.169-18.3747.37216.63432.8644.644-31.22341.6554.71523.9068.2426.233-9.714-14.776-7.31168.751-17.12421.746100.8825.34110.312-2.0302.2392.732-3.738-21.19139.3886.006-9.05721.96912.585-16.79041.864-0.4802.83427.51715.73518.48442.972-14.07120.714-5.181-21.986-7.949-32.61342.776-7.60630.454市盈率（PE，TTM）[交易日期]20130101[TTM基准日]报表截止日期21.98422.02322.04222.09622.13522.34622.39822.44922.49122.70222.81223.00923.05923.09823.12323.13923.23623.37123.42123.59323.71723.77523.82023.88823.91723.93523.97424.05524.06124.19424.24124.38724.45224.52024.53324.56924.62924.67524.70624.88525.01225.04325.39325.43125.44525.53525.54425.56025.64025.71025.75625.86326.04226.06226.26926.27426.29426.41026.56326.59226.66326.69326.73826.74826.91926.94927.17627.21627.23027.24727.25627.29227.30827.52127.69927.73728.02028.22828.30428.42828.79528.83829.15129.16529.20129.20829.23029.26029.36629.38029.40229.44029.44929.46029.55029.87829.98330.25230.44030.51130.66630.69230.70130.92531.06931.16731.32831.42731.46231.591区间涨跌幅[起始交易日期]20130101[截止交易日期]20131231[复权方式]前复权[单位]D.77138.490238.83636.5826.70628.47911.898-12.415-8.2379.93517.95493.43759.78415.21422.25616.41932.81729.6027.139-10.937-0.809-6.401-27.31618.19531.0786.27912.33116.190-19.95917.6835.70983.15526.68037.781131.98389.29216.274-22.688-18.20575.605-54.56832.61649.48443.376-12.085-18.92841.618-9.921-17.2645.16060.413-44.88769.66916.8798.017-46.774-50.08414.09420.52861.784-29.28639.79467.31324.78632.7294.107-52.30945.191-18.48222.079-5.90343.127-13.3418.140-19.25064.933-46.586-26.42044.36121.66825.54857.443148.74119.544-17.38855.04848.300-21.48418.0188.54311.21417.01112.899-29.415-15.59377.501-1.969-6.3487.266-41.960-14.81555.69782.0442.23722.625-4.109-7.097-47.708-7.96627.965600663.SH600973.SH600648.SH600498.SH600298.SH600861.SH600138.SH600496.SH600575.SH600552.SH600662.SH600398.SH600580.SH600345.SH600982.SH600754.SH600846.SH600258.SH600790.SH600565.SH600664.SH600251.SH600098.SH600037.SH600406.SH600784.SH600463.SH600461.SH600881.SH600873.SH600516.SH600703.SH600523.SH600100.SH600446.SH600967.SH600814.SH600467.SH600054.SH600874.SH600547.SH600639.SH600600.SH600588.SH600268.SH600801.SH600525.SH600415.SH600260.SH600738.SH600879.SH600997.SH600481.SH600439.SH600410.SH600702.SH600546.SH600831.SH600884.SH600261.SH600141.SH600572.SH600775.SH600993.SH600583.SH600545.SH600809.SH600830.SH600750.SH600638.SH600101.SH600643.SH600736.SH600834.SH600307.SH600765.SH600779.SH600197.SH600776.SH600079.SH600705.SH600976.SH600872.SH600488.SH600577.SH600677.SH600839.SH600371.SH600108.SH600895.SH600619.SH600739.SH600363.SH600581.SH600240.SH600654.SH600653.SH600007.SH600479.SH600724.SH600606.SH600289.SH600201.SH600641.SH600475.SH600210.SH600050.SH600489.SH600589.SH600420.SH
第 9 页 共 9 页
代码市盈率（PE，TTM）[交易日期]股票简称20090101[TTM基准日]报表截止日期桂冠电力中电广通东方明珠海通证券云南城投新疆众和重庆港九亚宝药业弘业股份飞乐音响新华医疗中茵股份桂东电力天津松江华东电脑昆明制药西部资源恒瑞医药中信证券恒生电子晋西车轴刚泰控股渤海活塞大唐电信康缘药业通策医疗祁连山上海家化天士力金枫酒业西水股份古越龙山天科股份长城电工鹏博士大恒科技新安股份南宁百货三峡水利四创电子卧龙地产白云山中国太保川投能源开开实业东阳光科同仁堂秋林集团中国软件航天动力中国卫星海正药业美罗药业西昌电力泰豪科技广安爱众时代新材锦州港京投银泰片仔癀厦工股份平高电气三房巷联环药业老白干酒大西洋第一医药美都能源国中水务新华传媒重庆啤酒航空动力上柴股份通威股份东方金钰长江投资龙头股份武汉控股厦门钨业出版传媒羚锐制药吉林森工西南药业雷鸣科化驰宏锌锗柳化股份工大首创中国人寿哈飞股份同达创业中珠控股大名城安信信托置信电气华润万东汇鸿股份浪潮软件华微电子广汇能源佳都科技包钢稀土南通科技西南证券三友化工中体产业贵绳股份莫高股份宁波联合浙江广厦柳钢股份292.46137.13548.78020.21089.37527.51344.31723.07277.27841.50137.9316.94223.12416.796106.14543.23611.56247.10016.31122.66123.839209.89622.38664.91532.08054.22815.45832.87623.59118.80365.71026.99318.76739.95035.96113.0455.31821.68019.70227.09813.17626.12763.94626.01523.58422.66124.759157.49331.21789.26629.73334.36526.38919.46916.03123.71642.40924.29022.29918.75417.08733.904134.15341.76636.00322.77740.92218.4678.41730.53138.62735.776148.22243.368298.684706.776134.47330.76825.98631.088115.52843.59126.31524.13050.63722.96070.15452.35830.79743.96514.7293.261214.64943.67242.12134.19523.76332.50116.55058.55033.50921.75532.57514.99620.14322.47036.25612.2437.689506.988区间涨跌幅[起始交易日期]20090101[截止交易日期]20091231[复权方式]前复权[单位]0.619124.88066.325138.194129.826101.55287.732170.05862.863135.89993.261178.443128.200144.592255.774140.272541.60964.01479.999209.95517.138128.085161.000173.03748.374102.111154.31877.19585.93669.863200.182105.717161.717159.149100.848268.89948.053167.463106.637426.360233.71294.339133.88111.27269.414153.68172.702173.994161.63591.18864.19462.520210.044182.480248.260118.956119.53193.674161.834112.81079.56135.239149.669130.239212.11092.269120.441316.981676.53139.56080.997173.773129.64157.658101.867163.80759.282107.393147.28473.532100.99579.102131.028202.284225.99580.740184.88371.445136.147154.973268.815-25.04355.46825.20186.062102.912215.333115.230178.038310.480290.598192.517168.600162.92667.808136.251133.750158.018156.173173.290市盈率（PE，TTM）[交易日期]20100101[TTM基准日]报表截止日期35.489223.18679.55634.71582.04730.35285.93140.853129.51285.46052.83137.80582.23649.433403.03057.20866.17948.95223.44745.52694.524306.68933.102140.76841.79475.94020.13745.91234.51544.94014.82971.21266.960138.87059.84756.11847.25855.12838.66598.42439.66343.69929.54588.00856.90094.23638.349443.909368.062136.89543.58842.878230.86324.42359.56839.33645.80458.24655.94942.44453.75974.03869.56973.15697.98629.73044.77355.348127.16743.98762.72474.247133.07849.241281.972232.447101.27149.82060.66247.96682.986268.24155.56234.069101.378183.280226.70427.24188.62213.79620.1511,715.075189.86945.16832.21545.55987.547150.04840.595538.892396.95615.23035.897210.453130.04659.535116.37430.07216.56279.572区间涨跌幅[起始交易日期]20100101[截止交易日期]20101231[复权方式]前复权[单位]%-20.5853.736-24.240-48.766-31.64553.48128.28919.182-36.58325.63373.730-3.22625.936-24.15465.77131.19538.48236.437-39.08035.23646.447-1.30648.9126.51116.62389.7440.25647.91284.193-12.953-19.03940.66168.025-5.460-19.73917.193-24.95656.25835.26921.792-16.13083.013-9.421-8.940-0.324124.63264.63572.090-3.67796.546105.24260.20716.991-10.210-7.02534.254199.753-24.342-12.46187.42574.1196.488-15.21965.45251.2200.89112.107-11.97263.469-20.451137.57220.716-17.407-12.571143.474-18.085-19.0019.481153.300-5.6736.454-2.213-3.59310.197-1.2544.337-6.760-30.87235.40842.589-33.540-25.043-31.174-9.56257.114-5.57211.91039.626138.288-1.122160.853-8.682-38.757-4.176-9.228-5.911-8.759-21.738-41.325-39.256市盈率（PE，TTM）[交易日期]20110101[TTM基准日]报表截止日期15.136725.72042.67321.51735.73729.02472.34643.42436.55178.90362.41826.43236.24526.875288.22550.95763.12961.63811.07057.763114.860647.56820.619130.47742.96164.96116.57756.98646.74543.404203.27369.710106.557122.29076.61744.84961.65625.29451.84784.17116.68962.81123.01540.38783.90161.11952.01726.40155.185249.24783.50850.896274.10719.64999.76157.12575.25833.00819.67252.50017.9442,067.92833.093101.958126.56643.45865.68439.65795.72440.47374.12581.45455.87939.253145.204189.06361.06235.38692.76844.97253.03557.38671.25536.80656.14868.887104.79817.90480.30076.46826.6071,311.61966.64832.07582.51345.04697.76665.69775.43715.95076.82734.04733.54326.86379.75752.22591.29617.23333.23920.059区间涨跌幅[起始交易日期]20110101[截止交易日期]20111231[复权方式]前复权[单位]%-13.213-31.226-36.940-21.748-54.809-40.373-47.851-37.885-12.966-44.12611.991-33.333-39.379-43.719-13.9538.222-46.847-25.704-19.712-39.349-33.05233.743-43.584-57.208-20.9365.506-46.532-7.5684.420-26.996-42.025-23.077-45.988-26.458-32.987-53.212-56.927-26.5824.147-55.384-38.390-36.300-14.698-23.8261.952-59.9023.196-30.875-32.615-54.860-17.594-17.098-47.641-5.845-43.173-14.511-61.933-27.646-34.3143.046-42.146-38.738-29.408-35.233-44.519-49.872-18.055-43.525-19.855-25.502-48.416-12.794-25.557-45.643-45.167-34.131-40.750-22.643-37.348-26.266-27.849-30.063-7.756-21.545-33.137-34.9697.678-15.346-38.619-38.13752.926-28.817-1.103-8.279-34.179-40.628-30.919-49.370-26.237-35.265-20.911-27.250-21.700-15.003-21.171-26.079-24.791-8.628-28.964-27.763市盈率（PE，TTM）[交易日期]20120101[TTM基准日]报表截止日期44.811180.32336.85619.64827.12221.25525.78120.74425.09426.96039.21911.03434.19211.748182.02335.85520.30037.7538.50630.00933.70419.87214.030148.85934.11348.27812.98439.91835.45929.158264.30839.15440.98870.15649.54924.036254.48640.61352.59534.64219.48437.05819.87329.86759.20921.17241.701104.38626.33948.93461.84833.077365.58817.58556.68845.52024.45220.52429.21740.72511.044392.87642.50454.61431.65330.51344.25527.17464.72333.23089.63357.13927.27040.98358.46986.55345.10649.50819.82263.50161.99527.31755.83545.33047.68637.76631.64827.19953.51742.67816.3969.00631.30755.43056.81531.125167.73626.92541.02553.57713.10122.40876.30612.53459.38846.01260.54811.67710.42524.548区间涨跌幅[起始交易日期]20120101[截止交易日期]20121231[复权方式]前复权[单位]%5.828-8.4337.76040.77635.046-13.813-7.981-12.602-10.206-14.65211.32470.667-18.9622.232-2.91632.94626.90112.82542.521-7.89927.92715.3466.110-3.21441.968-2.13526.49650.90334.076-4.7784.9469.1334.980-23.3712.58211.21816.4686.883-5.55415.8787.38848.53619.05534.7838.0853.28128.115-12.220-30.027-13.398-21.837-24.552-2.650-6.463-11.7074.15819.26811.5508.74248.156-12.915-12.934-6.355-1.77277.5800.3054.95617.746-18.857-14.550-45.507-6.62552.91535.27268.2832.4599.592-14.41531.986-19.76918.857-0.744-6.686-9.8569.324-11.629-7.66823.0138.75535.56911.17167.470-1.933-3.454-17.765-0.33014.874-5.95343.34111.80399.963-11.3193.476-16.0933.731-11.41610.766-19.32023.684-11.239市盈率（PE，TTM）[交易日期]20130101[TTM基准日]报表截止日期31.66531.67432.33332.53332.63632.67232.88032.90933.05033.06833.15633.27633.32033.53833.64633.65634.11234.54734.73534.99335.04935.20735.47035.70336.07236.33036.47436.78837.10737.59437.74637.99138.10338.46238.62938.77038.80038.97739.47939.60239.74939.84040.16140.18740.58240.59840.70340.89541.09841.18941.43741.49941.63141.93542.41442.57242.80043.66843.67843.75243.85943.96844.40545.70046.13846.33146.53546.63546.65446.69246.77347.18747.86847.92748.03949.82249.96750.28250.52850.80650.96851.01251.22451.97653.28953.96054.41054.68454.94254.99155.33655.59755.62356.10057.77558.30259.05959.40859.58160.02660.05560.38960.57261.88962.44963.46963.71564.02764.34064.390区间涨跌幅[起始交易日期]20130101[截止交易日期]20131231[复权方式]前复权[单位]%-20.45856.50881.45311.645-37.197-23.73925.81417.808-3.17522.593125.23758.59411.11861.7905.58622.694-19.38439.163-1.91887.490-6.704-30.07012.83363.34646.58755.211-17.47825.52355.606-1.32127.575-16.21318.16627.082136.85413.71142.425-13.171-13.38973.235-29.90042.431-15.84434.2311.81927.98221.352-10.567258.24945.90279.1490.2726.20011.66115.6174.386-17.0403.935-12.735-3.679-42.45139.54112.51225.132-28.43913.75113.03964.83852.65883.8366.50752.3331.48835.971-20.403238.74174.67437.955-37.8116.34534.88417.9448.25120.279-29.502-24.225-6.722-28.63547.00916.054-6.593-27.3388.8318.31919.457-1.23757.4936.362-19.81282.135-40.103-16.21412.34422.99633.1687.075-8.506-2.940-17.846-32.468600236.SH600764.SH600832.SH600837.SH600239.SH600888.SH600279.SH600351.SH600128.SH600651.SH600587.SH600745.SH600310.SH600225.SH600850.SH600422.SH600139.SH600276.SH600030.SH600570.SH600495.SH600687.SH600960.SH600198.SH600557.SH600763.SH600720.SH600315.SH600535.SH600616.SH600291.SH600059.SH600378.SH600192.SH600804.SH600288.SH600596.SH600712.SH600116.SH600990.SH600173.SH600332.SH601601.SH600674.SH600272.SH600673.SH600085.SH600891.SH600536.SH600343.SH600118.SH600267.SH600297.SH600505.SH600590.SH600979.SH600458.SH600190.SH600683.SH600436.SH600815.SH600312.SH600370.SH600513.SH600559.SH600558.SH600833.SH600175.SH600187.SH600825.SH600132.SH600893.SH600841.SH600438.SH600086.SH600119.SH600630.SH600168.SH600549.SH601999.SH600285.SH600189.SH600666.SH600985.SH600497.SH600423.SH600857.SH601628.SH600038.SH600647.SH600568.SH600094.SH600816.SH600517.SH600055.SH600981.SH600756.SH600360.SH600256.SH600728.SH600111.SH600862.SH600369.SH600409.SH600158.SH600992.SH600543.SH600051.SH600052.SH601003.SH
第 10 页 共 10 页
代码市盈率（PE，TTM）[交易日期]股票简称20090101[TTM基准日]报表截止日期方正科技乐山电力东百集团华联综超华泰股份复旦复华六国化工青松建化新五丰中视传媒汉商集团海泰发展西藏药业福能股份宁夏建材升华拜克天成控股金钼股份东华实业上海九百华仪电气红豆股份成发科技浪莎股份国金证券科达股份大连圣亚凌钢股份中央商场菲达环保太龙药业太极实业兰生股份红阳能源江苏吴中航天晨光龙建股份多伦股份赤天化红星发展迪康药业南京化纤豫光金铅宝光股份民丰特纸洪都航空浙江东日腾达建设西宁特钢通化东宝鼎立股份天宸股份香江控股两面针抚顺特钢中孚实业百花村招商轮船武钢股份钱江水利全柴动力维维股份华丽家族博闻科技道博股份熊猫烟花汇通能源百利电气美尔雅美克家居永鼎股份啤酒花士兰微湖南海利澄星股份中路股份综艺股份中海发展东湖高新长春经开辅仁药业凤凰光学广晟有色鑫科材料大同煤业自仪股份棱光实业中江地产界龙实业东风汽车常林股份博汇纸业中远航运长电科技中纺投资万鸿集团长春燃气华升股份中源协和西部矿业上海新梅北方导航中昌海运金山开发国栋建设广船国际中国船舶宝钛股份光电股份林海股份36.70825.43923.22025.5239.178105.09321.52522.420138.48641.33394.70011.833122.965102.54912.23414.59134.2949.6418.008471.51828.87831.27124.47623.83615.740116.008133.3359.99621.587127.38146.96656.832205.16536.527223.07441.302123.396163.11612.27838.27063.446389.45429.254126.71572.70046.46232.92345.813174.810110.12342.10940.06012.242171.07456.25118.94979.69210.7477.22133.40171.65179.04015.9852,264.00016.31187.06619.20175.443244.01333.09736.02816.68899.832227.88433.479184.863102.4515.16430.893568.33422.14226.593153.090135.5314.722264.36730.2366.269295.26918.57529.6189.8645.79123.134577.72418.33322.702105.67832.42326.29415.25625.5424.035443.78934.2907.4236.09116.282114.525173.195区间涨跌幅[起始交易日期]20090101[截止交易日期]20091231[复权方式]前复权[单位]?.01758.88876.70057.212132.68646.512106.246214.00281.76067.835161.589208.067153.565132.246119.73081.004220.927132.811219.337167.49382.352105.76689.283118.743103.511115.115167.173195.620267.223103.895186.006174.779180.167167.433112.653138.40088.851200.00084.550118.694189.918207.547170.849238.711182.840146.545116.27380.435152.77122.539157.42860.834162.500111.702119.149365.608260.47848.98678.065106.781189.697254.558117.069154.523212.209155.47398.198212.61377.984132.392214.857158.873236.418158.14744.618100.064153.90379.906217.919143.844164.387152.28398.228135.608299.77698.88540.285189.26639.462138.543100.912108.31967.917202.768197.3760.006167.500116.79193.077135.49494.444143.74769.63573.496124.861119.605106.740103.789161.557134.940市盈率（PE，TTM）[交易日期]20100101[TTM基准日]报表截止日期90.72560.42848.24176.3388.371245.65953.56640.22794.42732.605310.16654.814105.95699.82416.35523.13766.896111.92251.529305.85251.398109.95963.57062.10546.78045.434358.11735.09779.236199.587103.228142.136442.39690.784223.07476.751113.570425.95632.607340.792127.19236.21046.894128.28222.35859.78747.99159.389223.63585.73462.275115.06226.497268.533161.02855.033112.86556.63642.82859.98352.73864.31875.051104.47029.399294.60471.645179.643408.991106.32821.083668.11159.432535.94593.297128.575232.13745.88242.5671,009.39474.45736.046138.255145.33925.256746.32556.824270.165312.11443.15345.99525.863102.029281.112986.356101.33272.519419.9531,151.86258.229144.02165.105170.311980.66459.31925.44720.624601.151237.917764.980区间涨跌幅[起始交易日期]20100101[截止交易日期]20101231[复权方式]前复权[单位]%-9.60432.6970.77311.001-31.779-13.3932.0168.773-9.30942.12318.608-31.21826.51717.150-2.63934.566-31.76229.495-41.504-11.432-6.7338.4785.247-9.300-39.46213.35941.477-32.62517.437-11.789-2.5514.03516.776-6.25829.36732.475-18.963-18.333-3.60779.918-8.271-8.33694.3632.179-8.61928.60060.15039.157-15.40632.27216.667-5.194-43.385-22.613-16.869-4.1743.458-27.057-47.20024.56079.731-29.66010.31227.1623.538-17.13816.818148.695-28.90613.17385.40218.390103.47212.748-8.478-12.56288.824-32.26158.3394.5575.26362.217314.87962.450-5.12111.776-6.962-16.373-26.069-28.56051.740-23.092-20.94838.13829.9020.0067.8174.30324.56829.523-29.0822.950-8.07544.31243.678-0.638-11.74519.336100.18630.385市盈率（PE，TTM）[交易日期]20110101[TTM基准日]报表截止日期37.27272.20939.93792.37967.000147.42052.51131.802123.85366.264123.37151.429108.59084.72812.49131.89559.66093.59827.067119.74045.04151.54368.39638.95633.361247.728350.58011.74584.944192.949124.71445.09359.638113.202143.46567.30668.567380.39844.221195.96755.34621.95165.109163.85732.147131.27137.055144.26228.01246.87180.44915.48926.391319.963114.34973.72092.11022.91519.68433.36151.86265.57015.11039.005107.021154.558455.074375.704252.67573.43527.867101.70538.834555.724105.478201.42853.14719.041271.63730.10593.42653.328425.04794.89127.323811.66151.558449.477203.28516.95817.43024.32732.14845.509269.26731.49370.252673.194363.80945.376180.54059.57558.012631.02685.93918.10317.2083,372.998102.565677.685区间涨跌幅[起始交易日期]20110101[截止交易日期]20111231[复权方式]前复权[单位]%-34.025-39.778-41.227-46.102-33.010-37.113-0.682-40.409-18.424-11.587-41.089-36.535-39.328-29.552-45.328-29.548-6.398-52.468-36.186-38.488-26.554-28.784-33.919-32.604-32.148-53.086-25.201-36.697-8.764-20.783-35.695-33.012-27.269-26.31635.231-34.946-34.134-6.593-33.105-29.19358.122-31.271-53.078-26.580-29.945-37.424-32.176-36.070-26.107-22.28315.703-42.8772.227-37.273-41.168-53.127-17.639-28.873-27.099-27.488-17.414-34.0605.694-33.742-32.644-48.544-43.658-52.962-38.553-18.415-56.225-32.996-61.161-44.566-11.519-42.938-26.590-37.101-8.723-34.4620.085-42.695-41.311-46.305-41.414-43.144-49.585-12.264-39.657-33.269-37.318-32.493-45.900-52.116-57.132-10.383-45.884-34.984142.964-49.677-32.374-52.231-7.760-54.730-44.439-27.181-38.361-32.511-36.896-48.456市盈率（PE，TTM）[交易日期]20120101[TTM基准日]报表截止日期38.77434.0787.35764.29350.30779.40731.61412.19520.71663.36861.53126.62575.65328.34613.30831.85768.65549.881113.03519.89564.28662.26762.96532.79742.83153.632295.11328.30567.371107.292152.65335.21976.51992.543183.88040.34744.81099.45139.91845.840114.859101.66552.784532.939200.793143.22420.23086.56514.89217.850111.416104.86687.803139.65681.77243.50741.21561.05626.92137.411155.85141.96413.51612.38965.264149.517181.567129.05686.86227.80360.10045.85625.101298.82591.024158.44037.10519.244276.807694.642103.854363.91754.91180.93518.692432.11850.972164.908301.39113.53019.86920.72745.85766.789145.44232.97843.641369.120316.21426.00345.391490.13191.107522.206573.90817.94012.190127.069245.252349.191区间涨跌幅[起始交易日期]20120101[截止交易日期]20121231[复权方式]前复权[单位]%-11.52410.2347.272-7.364-0.936-0.90214.646-13.621-3.281-32.70561.23239.25938.4629.049-4.940-20.10719.6274.43572.706-0.426-30.3694.8124.542-24.27481.14324.163-20.671-13.14043.827-2.510-6.35651.75213.442-0.135-20.8791.8238.76617.143-5.987-17.138-20.908-9.0559.356-19.09821.009-17.598119.8697.483-24.27016.54210.08511.599-2.778-4.55524.618-14.533-13.990-2.259-2.395-7.669-30.66579.969-34.507-28.4880.26710.342-0.553-24.71611.177-33.939-17.610-5.213-14.74019.40622.62729.703-41.453-20.291-36.8609.57915.919-13.73953.370-7.774-22.636-6.76532.28229.3221.198-3.366-19.078-10.247-4.123-19.545-23.23927.74423.6773.714-21.281-15.49248.5118.816-14.12733.66531.719-14.24617.771-2.430-28.3478.238市盈率（PE，TTM）[交易日期]20130101[TTM基准日]报表截止日期64.61764.74864.80265.87066.11566.53166.99268.07968.46468.61170.00770.18470.38671.20371.46671.71672.38372.38972.97680.53080.79981.89482.48383.09184.13385.39086.42487.62488.59488.73790.24490.33191.12991.59695.87896.74196.96497.66198.29799.51999.938100.538104.227108.319110.979112.297112.854115.898116.043117.593117.975118.865122.586123.693126.871128.649130.844132.705133.141139.610146.898148.402149.470150.651153.124159.254160.716165.409171.975172.909176.014177.615177.689179.399203.681209.105210.088214.224217.315218.237218.845231.983241.399246.859246.925250.862253.715261.554262.451275.143279.628340.207346.924347.481367.001369.803374.491390.389419.547439.321455.388512.806545.133697.624732.598772.1301,191.8121,303.9061,348.5422,514.419区间涨跌幅[起始交易日期]20130101[截止交易日期]20131231[复权方式]前复权[单位].842-10.685-9.931-13.098-17.85272.275-28.203-21.546-0.05566.294-6.1704.95720.68517.454-14.3323.38920.537-37.163-24.39548.77252.55318.66329.36715.689-4.293-9.48411.168-31.35244.08170.61043.891-10.41743.314-8.69558.49617.243-13.942-13.056-24.478-17.230-3.89313.636-45.6199.952-9.06426.752-12.314-2.810-25.73395.794-10.451153.24013.53821.11917.115-25.569-23.896-5.175-20.243-10.882-5.855-29.838-10.134-9.86840.346-13.70517.839-9.460-14.7456.48637.9140.28960.42821.725-31.21217.20336.9324.9571.622-14.2858.108-2.627-33.56725.887-37.3339.93731.136-18.64527.768-2.568-27.3813.708-10.68750.94341.2842.148-4.4009.09133.556-30.24636.22160.4143.14259.181-23.50738.0554.140-28.45610.196-8.142600601.SH600644.SH600693.SH600361.SH600308.SH600624.SH600470.SH600425.SH600975.SH600088.SH600774.SH600082.SH600211.SH600483.SH600449.SH600226.SH600112.SH601958.SH600393.SH600838.SH600290.SH600400.SH600391.SH600137.SH600109.SH600986.SH600593.SH600231.SH600280.SH600526.SH600222.SH600667.SH600826.SH600758.SH600200.SH600501.SH600853.SH600696.SH600227.SH600367.SH600466.SH600889.SH600531.SH600379.SH600235.SH600316.SH600113.SH600512.SH600117.SH600867.SH600614.SH600620.SH600162.SH600249.SH600399.SH600595.SH600721.SH601872.SH600005.SH600283.SH600218.SH600300.SH600503.SH600883.SH600136.SH600599.SH600605.SH600468.SH600107.SH600337.SH600105.SH600090.SH600460.SH600731.SH600078.SH600818.SH600770.SH600026.SH600133.SH600215.SH600781.SH600071.SH600259.SH600255.SH601001.SH600848.SH600629.SH600053.SH600836.SH600006.SH600710.SH600966.SH600428.SH600584.SH600061.SH600681.SH600333.SH600156.SH600645.SH601168.SH600732.SH600435.SH600242.SH600679.SH600321.SH600685.SH600150.SH600456.SH600184.SH600099.SH
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