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\u682a\u5f0f\u4fa1\u5024\u8a55\u4fa1\u30e2\u30c7\u30eb\u306e\u57fa\u790e<\/td>\n<\/tr>\n<tr>\n<th>\u5354\u4f1a\u306e\u5b66\u7fd2\u30dd\u30a4\u30f3\u30c8<\/th>\n<td>PER\u3001PCFR\u3001PSR\u3001PBR\u7b49\u306e\u682a\u4fa1\u8a55\u4fa1\u500d\u7387\uff08\u30de\u30eb\u30c1\u30d7\u30eb\uff09\u306e\u610f\u7fa9\u3084\u7279\u6027\u3001\u5229\u7528\u4e0a\u306e\u7559\u610f\u70b9\u3092\u7406\u89e3\u3059\u308b\u3002<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<h2>PER\u30fbPCFR\u30fbPSR\u30fbPBR\u3068\u306f<\/h2>\n<p>\u682a\u4fa1\u8a55\u4fa1\u500d\u7387\uff08\u30de\u30eb\u30c1\u30d7\u30eb\uff09\u306f\u3001\u682a\u4fa1\u3092\u4f01\u696d\u306e\u4f55\u3089\u304b\u306e\u300c1\u682a\u5f53\u305f\u308a\u306e\u6570\u5b57\u300d\u3067\u5272\u3063\u305f\u3082\u306e\u3067\u3059\u3002\u682a\u4fa1\u306e\u7d76\u5bfe\u6c34\u6e96\uff08\u4f55\u5186\u304b\uff09\u3060\u3051\u3067\u306f\u3001\u4f01\u696d\u306e\u898f\u6a21\u3084\u682a\u5f0f\u6570\u304c\u9055\u3046\u9298\u67c4\u540c\u58eb\u3092\u6bd4\u3079\u3089\u308c\u307e\u305b\u3093\u3002\u500d\u7387\u306b\u3059\u308b\u3053\u3068\u3067\u3001\u300c\u5229\u76ca\u306e\u4f55\u500d\u300d\u300c\u7d14\u8cc7\u7523\u306e\u4f55\u500d\u300d\u3068\u3044\u3046\u5171\u901a\u306e\u7269\u5dee\u3057\u3067\u6bd4\u8f03\u3067\u304d\u308b\u3088\u3046\u306b\u306a\u308a\u307e\u3059\u3002<\/p>\n<h3>PER\uff08\u682a\u4fa1\u53ce\u76ca\u7387\uff09<\/h3>\n<p>\u682a\u4fa1\u30921\u682a\u5f53\u305f\u308a\u5229\u76ca\uff08EPS\uff09\u3067\u5272\u3063\u305f\u500d\u7387\u3067\u3001\u6700\u3082\u3088\u304f\u4f7f\u308f\u308c\u308b\u6307\u6a19\u3067\u3059\u3002\u300c\u5229\u76ca\u306e\u4f55\u5e74\u5206\u3067\u682a\u4fa1\u304c\u8cb7\u308f\u308c\u3066\u3044\u308b\u304b\u300d\u3068\u3082\u8aad\u3081\u307e\u3059\u3002\u9ad8\u3044PER\u306f\u3001\u6210\u9577\u671f\u5f85\u304c\u5927\u304d\u3044\u3001\u307e\u305f\u306f\u30ea\u30b9\u30af\u304c\u4f4e\u3044\u3068\u5e02\u5834\u304c\u898b\u3066\u3044\u308b\u3053\u3068\u3092\u793a\u3059\u3053\u3068\u304c\u591a\u3044\u3067\u3059\u3002\u4e00\u65b9\u3001\u5229\u76ca\u304c\u8d64\u5b57\u3084\u3054\u304f\u5c0f\u3055\u3044\u4f01\u696d\u3067\u306f\u610f\u5473\u3092\u306a\u3055\u305a\u3001\u7279\u5225\u640d\u76ca\u306a\u3069\u4e00\u6642\u7684\u306a\u8981\u56e0\u3067\u5927\u304d\u304f\u632f\u308c\u308b\u70b9\u306b\u6ce8\u610f\u304c\u5fc5\u8981\u3067\u3059\u3002<\/p>\n<h3>PCFR\uff08\u682a\u4fa1\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\u500d\u7387\uff09<\/h3>\n<p>\u682a\u4fa1\u30921\u682a\u5f53\u305f\u308a\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\u3067\u5272\u3063\u305f\u500d\u7387\u3067\u3059\u3002\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\u306b\u306f\u3001\u7c21\u4fbf\u7684\u306b\u300c\u7d14\u5229\u76ca\uff0b\u6e1b\u4fa1\u511f\u5374\u8cbb\u300d\u3092\u4f7f\u3046\u3053\u3068\u304c\u3088\u304f\u3042\u308a\u307e\u3059\u3002\u6e1b\u4fa1\u511f\u5374\u306e\u65b9\u6cd5\u306e\u9055\u3044\u306a\u3069\u4f1a\u8a08\u51e6\u7406\u306e\u5f71\u97ff\u3092\u53d7\u3051\u306b\u304f\u3044\u305f\u3081\u3001\u6e1b\u4fa1\u511f\u5374\u8ca0\u62c5\u306e\u5927\u304d\u3044\u4f01\u696d\u540c\u58eb\u3084\u3001\u4f1a\u8a08\u57fa\u6e96\u306e\u7570\u306a\u308b\u4f01\u696d\u540c\u58eb\u306e\u6bd4\u8f03\u3067\u5f79\u7acb\u3061\u307e\u3059\u3002<\/p>\n<h3>PSR\uff08\u682a\u4fa1\u58f2\u4e0a\u9ad8\u500d\u7387\uff09<\/h3>\n<p>\u682a\u4fa1\u30921\u682a\u5f53\u305f\u308a\u58f2\u4e0a\u9ad8\u3067\u5272\u3063\u305f\u500d\u7387\u3067\u3059\u3002\u58f2\u4e0a\u9ad8\u306f\u30de\u30a4\u30ca\u30b9\u306b\u306a\u3089\u305a\u3001\u5229\u76ca\u3088\u308a\u5909\u52d5\u3082\u5c0f\u3055\u3044\u305f\u3081\u3001\u8d64\u5b57\u306e\u6210\u9577\u4f01\u696d\u3084\u5229\u76ca\u304c\u4e0d\u5b89\u5b9a\u306a\u4f01\u696d\u306e\u8a55\u4fa1\u306b\u4f7f\u308f\u308c\u307e\u3059\u3002\u305f\u3060\u3057\u3001\u53ce\u76ca\u6027\uff08\u5229\u76ca\u7387\uff09\u306e\u9055\u3044\u3092\u53cd\u6620\u3057\u306a\u3044\u305f\u3081\u3001\u5229\u76ca\u7387\u306e\u7570\u306a\u308b\u4f01\u696d\u540c\u58eb\u3092\u5358\u7d14\u306b\u6bd4\u3079\u308b\u3068\u5224\u65ad\u3092\u8aa4\u308b\u3053\u3068\u304c\u3042\u308a\u307e\u3059\u3002<\/p>\n<h3>PBR\uff08\u682a\u4fa1\u7d14\u8cc7\u7523\u500d\u7387\uff09<\/h3>\n<p>\u682a\u4fa1\u30921\u682a\u5f53\u305f\u308a\u7d14\u8cc7\u7523\uff08BPS\uff09\u3067\u5272\u3063\u305f\u500d\u7387\u3067\u3059\u3002\u7d14\u8cc7\u7523\u306f\u5229\u76ca\u306b\u6bd4\u3079\u3066\u5b89\u5b9a\u3057\u3066\u304a\u308a\u3001\u8d64\u5b57\u4f01\u696d\u306b\u3082\u4f7f\u3048\u307e\u3059\u3002PBR\u304c1\u500d\u3092\u4e0b\u56de\u308b\u3068\u3001\u682a\u4fa1\u304c\u5e33\u7c3f\u4e0a\u306e\u89e3\u6563\u4fa1\u5024\u3092\u4e0b\u56de\u3063\u3066\u3044\u308b\u3068\u8a00\u308f\u308c\u308b\u3053\u3068\u304c\u3042\u308a\u307e\u3059\u3002\u305f\u3060\u3057\u3001\u7d14\u8cc7\u7523\u306f\u7c3f\u4fa1\u3067\u3042\u308a\u3001\u8cc7\u7523\u306e\u6642\u4fa1\u3084\u30d6\u30e9\u30f3\u30c9\u306a\u3069\u306e\u7121\u5f62\u306e\u4fa1\u5024\u3092\u53cd\u6620\u3057\u306a\u3044\u70b9\u306b\u6ce8\u610f\u304c\u5fc5\u8981\u3067\u3059\u3002<\/p>\n<h2>\u62bc\u3055\u3048\u3066\u304a\u304d\u305f\u3044\u516c\u5f0f<\/h2>\n<div class=\"cma-formula\">PER \uff1d \u682a\u4fa1 \u00f7 1\u682a\u5f53\u305f\u308a\u5229\u76ca\uff08EPS\uff09<small>\u4e88\u60f3EPS\u3092\u4f7f\u3048\u3070\u4e88\u60f3PER\u3001\u5b9f\u7e3eEPS\u306a\u3089\u5b9f\u7e3ePER<\/small><\/div>\n<div class=\"cma-formula\">PCFR \uff1d \u682a\u4fa1 \u00f7 1\u682a\u5f53\u305f\u308a\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\uff08CFPS\uff09<small>CF\u306f\u7c21\u4fbf\u7684\u306b\u300c\u7d14\u5229\u76ca\uff0b\u6e1b\u4fa1\u511f\u5374\u8cbb\u300d\u3092\u4f7f\u3046\u3053\u3068\u304c\u591a\u3044<\/small><\/div>\n<div class=\"cma-formula\">PSR \uff1d \u682a\u4fa1 \u00f7 1\u682a\u5f53\u305f\u308a\u58f2\u4e0a\u9ad8\uff08SPS\uff09<small>\u6642\u4fa1\u7dcf\u984d\u00f7\u58f2\u4e0a\u9ad8\u3067\u3082\u540c\u3058<\/small><\/div>\n<div class=\"cma-formula\">PBR \uff1d \u682a\u4fa1 \u00f7 1\u682a\u5f53\u305f\u308a\u7d14\u8cc7\u7523\uff08BPS\uff09<small>\u6642\u4fa1\u7dcf\u984d\u00f7\u7d14\u8cc7\u7523\u3067\u3082\u540c\u3058<\/small><\/div>\n<div class=\"cma-formula\">PBR \uff1d PER \u00d7 ROE<small>\u682a\u4fa1\u00f7BPS\uff1d\uff08\u682a\u4fa1\u00f7EPS\uff09\u00d7\uff08EPS\u00f7BPS\uff09<\/small><\/div>\n<h2>\u6574\u7406\u3057\u3066\u304a\u304d\u305f\u3044\u30dd\u30a4\u30f3\u30c8<\/h2>\n<div class=\"cma-tbl three\">\n<table>\n<thead>\n<tr>\n<th>\u6307\u6a19<\/th>\n<th>\u5f37\u307f<\/th>\n<th>\u5229\u7528\u4e0a\u306e\u7559\u610f\u70b9<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td data-label=\"\u6307\u6a19\">PER<\/td>\n<td data-label=\"\u5f37\u307f\">\u6700\u3082\u4e00\u822c\u7684\u3067\u3001\u53ce\u76ca\u529b\u3068\u682a\u4fa1\u3092\u76f4\u63a5\u7d50\u3073\u3064\u3051\u3089\u308c\u308b<\/td>\n<td data-label=\"\u5229\u7528\u4e0a\u306e\u7559\u610f\u70b9\">\u8d64\u5b57\u30fb\u4f4e\u5229\u76ca\u3067\u306f\u4f7f\u3048\u306a\u3044\u3002\u4e00\u6642\u7684\u306a\u640d\u76ca\u3067\u632f\u308c\u3084\u3059\u3044<\/td>\n<\/tr>\n<tr>\n<td data-label=\"\u6307\u6a19\">PCFR<\/td>\n<td data-label=\"\u5f37\u307f\">\u6e1b\u4fa1\u511f\u5374\u306a\u3069\u4f1a\u8a08\u51e6\u7406\u306e\u9055\u3044\u306e\u5f71\u97ff\u3092\u53d7\u3051\u306b\u304f\u3044<\/td>\n<td data-label=\"\u5229\u7528\u4e0a\u306e\u7559\u610f\u70b9\">\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\u306e\u5b9a\u7fa9\uff08\u7c21\u4fbf\u6cd5\u306a\u3069\uff09\u3092\u305d\u308d\u3048\u308b\u5fc5\u8981\u304c\u3042\u308b<\/td>\n<\/tr>\n<tr>\n<td data-label=\"\u6307\u6a19\">PSR<\/td>\n<td data-label=\"\u5f37\u307f\">\u8d64\u5b57\u4f01\u696d\u306b\u3082\u4f7f\u3048\u3001\u5909\u52d5\u304c\u5c0f\u3055\u3044<\/td>\n<td data-label=\"\u5229\u7528\u4e0a\u306e\u7559\u610f\u70b9\">\u5229\u76ca\u7387\u306e\u9055\u3044\u3092\u53cd\u6620\u3057\u306a\u3044<\/td>\n<\/tr>\n<tr>\n<td data-label=\"\u6307\u6a19\">PBR<\/td>\n<td data-label=\"\u5f37\u307f\">\u5b89\u5b9a\u3057\u3066\u3044\u3066\u8d64\u5b57\u4f01\u696d\u306b\u3082\u4f7f\u3048\u308b\u3002ROE\u3068\u306e\u95a2\u4fc2\u3067\u89e3\u91c8\u3057\u3084\u3059\u3044<\/td>\n<td data-label=\"\u5229\u7528\u4e0a\u306e\u7559\u610f\u70b9\">\u7c3f\u4fa1\u30d9\u30fc\u30b9\u3067\u3001\u8cc7\u7523\u306e\u6642\u4fa1\u3084\u7121\u5f62\u8cc7\u7523\u3092\u53cd\u6620\u3057\u306b\u304f\u3044<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<h2>\u5177\u4f53\u4f8b\u3067\u78ba\u8a8d<\/h2>\n<p>\u682a\u4fa11,500\u5186\u306e\u4f01\u696d\u306e1\u682a\u5f53\u305f\u308a\u30c7\u30fc\u30bf\u304c\u3001EPS100\u5186\u3001CFPS150\u5186\u3001SPS1,000\u5186\u3001BPS1,200\u5186\u3060\u3068\u3057\u307e\u3059\u3002<\/p>\n<ul>\n<li>PER\uff1d1,500\u00f7100\uff1d<strong>15\u500d<\/strong><\/li>\n<li>PCFR\uff1d1,500\u00f7150\uff1d<strong>10\u500d<\/strong><\/li>\n<li>PSR\uff1d1,500\u00f71,000\uff1d<strong>1.5\u500d<\/strong><\/li>\n<li>PBR\uff1d1,500\u00f71,200\uff1d<strong>1.25\u500d<\/strong><\/li>\n<\/ul>\n<p>ROE\uff1dEPS\u00f7BPS\uff1d100\u00f71,200\u22528.33\uff05\u3067\u3001PER\u00d7ROE\uff1d15\u00d70.0833\u22521.25\u500d\u3068PBR\u306b\u4e00\u81f4\u3057\u307e\u3059\u3002PER\u3068PBR\u304c\u308f\u304b\u3063\u3066\u3044\u308c\u3070\u3001ROE\uff1dPBR\u00f7PER\u3067\u9006\u7b97\u3059\u308b\u3053\u3068\u3082\u3067\u304d\u307e\u3059\u3002<\/p>\n<div class=\"cma-exam\">\n<p class=\"cma-exam-title\">\u8a66\u9a13\u3067\u554f\u308f\u308c\u3084\u3059\u3044\u30dd\u30a4\u30f3\u30c8<\/p>\n<ul>\n<li>\u5404\u500d\u7387\u306e\u5206\u6bcd\uff08EPS\u30fbCFPS\u30fbSPS\u30fbBPS\uff09\u306e\u7d44\u307f\u5408\u308f\u305b\u3092\u53d6\u308a\u9055\u3048\u306a\u3044\u3053\u3068\u304c\u57fa\u672c\u3067\u3059\u3002<\/li>\n<li>PBR\uff1dPER\u00d7ROE\u306e\u95a2\u4fc2\u3092\u4f7f\u3063\u305f\u9006\u7b97\u554f\u984c\u304c\u72d9\u308f\u308c\u3084\u3059\u3044\u3067\u3059\u3002<\/li>\n<li>\u8d64\u5b57\u4f01\u696d\u306b\u4f7f\u3048\u306a\u3044\u6307\u6a19\uff08PER\uff09\u3068\u4f7f\u3048\u308b\u6307\u6a19\uff08PSR\u30fbPBR\uff09\u306e\u533a\u5225\u304c\u554f\u308f\u308c\u3084\u3059\u3044\u3067\u3059\u3002<\/li>\n<li>PCFR\u306f\u6e1b\u4fa1\u511f\u5374\u65b9\u6cd5\u306e\u9055\u3044\u306e\u5f71\u97ff\u3092\u53d7\u3051\u306b\u304f\u3044\u3001PSR\u306f\u5229\u76ca\u7387\u3092\u53cd\u6620\u3057\u306a\u3044\u3001\u3068\u3044\u3063\u305f\u7279\u6027\u306e\u8aac\u660e\u304c\u6df7\u540c\u3057\u3084\u3059\u3044\u30dd\u30a4\u30f3\u30c8\u3067\u3059\u3002<\/li>\n<li>PBR\u306e\u5206\u6bcd\u306f\u7c3f\u4fa1\u3067\u3042\u308a\u3001\u6642\u4fa1\u3084\u7121\u5f62\u8cc7\u7523\u3068\u306e\u305a\u308c\u304c\u3042\u308b\u70b9\u3082\u78ba\u8a8d\u3055\u308c\u3084\u3059\u3044\u3067\u3059\u3002<\/li>\n<\/ul>\n<\/div>\n<h2>\u8981\u70b9\u307e\u3068\u3081<\/h2>\n<ul>\n<li>\u30de\u30eb\u30c1\u30d7\u30eb\u306f\u682a\u4fa1\u30921\u682a\u5f53\u305f\u308a\u306e\u5229\u76ca\u30fbCF\u30fb\u58f2\u4e0a\u9ad8\u30fb\u7d14\u8cc7\u7523\u3067\u5272\u3063\u305f\u500d\u7387<\/li>\n<li>PER\u306f\u6700\u3082\u4e00\u822c\u7684\u3060\u304c\u3001\u8d64\u5b57\u3084\u4e00\u6642\u7684\u640d\u76ca\u306b\u5f31\u3044<\/li>\n<li>PCFR\u306f\u4f1a\u8a08\u51e6\u7406\u306e\u5f71\u97ff\u3092\u53d7\u3051\u306b\u304f\u304f\u3001PSR\u306f\u8d64\u5b57\u4f01\u696d\u306b\u3082\u4f7f\u3048\u308b<\/li>\n<li>PBR\u306f\u7c3f\u4fa1\u30d9\u30fc\u30b9\u3067\u3001PBR\uff1dPER\u00d7ROE\u306e\u95a2\u4fc2\u304c\u3042\u308b<\/li>\n<\/ul>\n<div 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rel=\"noopener\">@cma-fa-academy<\/a>\uff09\u3067\u306f\u3001\u5b66\u7fd2\u30dd\u30a4\u30f3\u30c8\u306b\u6cbf\u3063\u3066\u8ad6\u70b9\u30921\u3064\u305a\u3064\u89e3\u8aac\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n<p><a href=\"https:\/\/utage-system.com\/page\/98Nqc5o0yBvT\" target=\"_blank\" rel=\"noopener\">\u25b6 \u8a3c\u5238\u30a2\u30ca\u30ea\u30b9\u30c8\u30b3\u30df\u30e5\u30cb\u30c6\u30a3\u30fc\u306b\u53c2\u52a0\u3059\u308b<\/a><\/p>\n<p 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