股票市净率、市赢率的分布图谱与市赢率定理

提出股票的"市赢率分布图谱"、"市净率分布图谱"两个概念,得到了股票市赢率定理。中位数股票的市赢率应该小于2(/最近几年广义货币M2年均增加的速度)。我们不能只知道购买市赢率25倍的股票,持有二十五年,就可以回本;还应该知道,物价水平在二十五年可能涨10多倍。

With calibration method,respectively analyse the relations between the amount of listed companies,gross market value,gross revenue,average price earnings ratio of gem stocks’ listed companies in our nation’s different districts and gross domain product, per capita GDP;then find that the amount of listed companies in gem stocks,gross market value in different districts have a strong degree of relation with GDP and per capita GDP in different districts;but the gross net revenue,and average price earnings ratio of listed companies in gem stocks have a weak degree of relation with GDP and per capita GDP.The distributed amount of listed companies in gem stocks among different districts,may mainly not rely on the quality of the listed companies.Some companies that have plans to IPO in gem stocks, if they are registered in provinces whose gross GDP or per capita GDP are higher than most of other provinces,will get higher probability in the aspects of successful IPO.