{"id":6403,"date":"2018-11-10T14:23:06","date_gmt":"2018-11-10T05:23:06","guid":{"rendered":"https:\/\/finance-gfp.com\/?p=6403"},"modified":"2025-02-17T06:58:24","modified_gmt":"2025-02-16T21:58:24","slug":"%e6%97%a5%e6%9c%ac%e6%a0%aatopix%e3%81%a8%e7%b1%b3%e5%9b%bd%e6%a0%aasp500%e3%81%ae%e4%ba%88%e6%83%b3per%e3%83%bb%e5%ae%9f%e7%b8%bepbr%e6%8e%a8%e7%a7%bb","status":"publish","type":"post","link":"https:\/\/finance-gfp.com\/?p=6403","title":{"rendered":"\u65e5\u672c\u682a(TOPIX)\u3068\u7c73\u56fd\u682a(S&#038;P500)\u306e\u4e88\u60f3PER\u30fb\u5b9f\u7e3ePBR\u63a8\u79fb"},"content":{"rendered":"<p>PER\uff08\u682a\u4fa1\u53ce\u76ca\u7387\uff09\u3068PBR\uff08\u682a\u4fa1\u7d14\u8cc7\u7523\u500d\u7387\uff09\u306f\u682a\u4fa1\u306e\u5272\u9ad8\u5272\u5b89\u3092\u5224\u65ad\u3059\u308b\u30d0\u30ea\u30e5\u30a8\u30fc\u30b7\u30e7\u30f3\u6307\u6a19\u3068\u3057\u3066\u6700\u3082\u57fa\u672c\u7684\u306a\u30c7\u30fc\u30bf\u3067\u3059\u3002<\/p>\n<p>\u682a\u4fa1\u306e\u6c34\u6e96\u3092\u5224\u65ad\u3059\u308b\u969b\u306b\u3088\u304f\u6d3b\u7528\u3055\u308c\u3066\u3044\u307e\u3059\u304c\u3001\u904e\u53bb\u306e\u63a8\u79fb\u3092\u628a\u63e1\u3057\u3066\u3044\u306a\u3044\u4eba\u304c\u610f\u5916\u3068\u591a\u3044\u3068\u611f\u3058\u307e\u3059\u3002<\/p>\n<p>\u672c\u6765\u306f\u904e\u53bb\u306e\u63a8\u79fb\u3084\u30c8\u30ec\u30f3\u30c9\u3092\u628a\u63e1\u3057\u305f\u3046\u3048\u3067\u3001\u73fe\u5728\u306ePER\u30fbPBR\u306e\u6c34\u6e96\u304c\u5272\u5b89\u306a\u306e\u304b\u5272\u9ad8\u306a\u306e\u304b\u3092\u5206\u6790\u3059\u308b\u5fc5\u8981\u304c\u3042\u308a\u307e\u3059\u3002<\/p>\n<p><span class=\"ymarker-s\">\u3053\u3061\u3089\u306e\u30da\u30fc\u30b8\u3067\u306f\u300c<strong>TOPIX\u3068S&amp;P500\u306e\u4e88\u60f3PER\u3068\u5b9f\u7e3ePBR\u306e\u63a8\u79fb\u300d<\/strong>\u3092\u63b2\u8f09\u3057\u307e\u3059\u306e\u3067\u3001\u682a\u4fa1\u306e\u5206\u6790\u306b\u6d3b\u7528\u3057\u3066\u9802\u3051\u308c\u3070\u3068\u601d\u3044\u307e\u3059\u3002<\/span><\/p>\n<p>\u901a\u5e38\u3001\u91d1\u878d\u30de\u30fc\u30b1\u30c3\u30c8\u3067\u306fPER\u306f\u4e88\u60f3\u30d9\u30fc\u30b9\u3001PBR\u306f\u5b9f\u7e3e\u30d9\u30fc\u30b9\u306e\u30c7\u30fc\u30bf\u3092\u4f7f\u7528\u3059\u308b\u3053\u3068\u304c\u4e00\u822c\u7684\u3068\u306a\u3063\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>\u307e\u305f\u3001PER\u3084PBR\u306f\u30c7\u30fc\u30bf\u306e\u7b97\u51fa\u4e3b\u4f53\u306b\u3088\u3063\u3066\u82e5\u5e72\u6570\u5024\u304c\u7570\u306a\u308b\u30b1\u30fc\u30b9\u304c\u3042\u308a\u307e\u3059\u3002\u3053\u3061\u3089\u306e\u30da\u30fc\u30b8\u3067\u306f\u5168\u3066bloomberg\u306e\u30c7\u30fc\u30bf\u3092\u5143\u306b\u4f5c\u6210\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>\u305d\u3057\u3066\u3001\u65e5\u7c73\u5171\u306b\u3067\u304d\u308b\u3060\u3051\u504f\u308a\u304c\u306a\u304f\u682a\u5f0f\u5e02\u5834\u5168\u4f53\u306e\u6c34\u6e96\u3092\u5224\u65ad\u3059\u308b\u305f\u3081\u306b\u3001\u65e5\u7d4c\u5e73\u5747\u3068NY\u30c0\u30a6\u3067\u306f\u306a\u304f\u3001TOPIX\u3068S&amp;P500\u3092\u63a1\u7528\u3057\u307e\u3057\u305f\u3002<\/p>\n<ul>\n<li>\u5148\u9032\u56fd\u3068\u65b0\u8208\u56fd\u306ePER\u30fbPBR\u306b\u3064\u3044\u3066\u306f\u3053\u3061\u3089\u3092\u53c2\u7167\uff1a<a 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[]).push({});\r\n<\/script><\/div>\n\n<h2>\u65e5\u672c\u682a\uff08TOPIX\uff09\u306e\u4e88\u60f3PER\u30fb\u5b9f\u7e3ePBR\u63a8\u79fb<\/h2>\n<h3>\u65e5\u672c\u682a\uff08TOPIX\uff09\u306e\u4e88\u60f3PER\u63a8\u79fb<\/h3>\n<p>\u307e\u305a\u3001<span class=\"rmarker-s\">2001\u5e745\u6708\u304b\u3089\u306eTOPIX\u306e\u4e88\u60f3PER\u306e\u30c1\u30e3\u30fc\u30c8<\/span>\u3067\u3059\u3002<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-23739\" src=\"https:\/\/finance-gfp.com\/wp-content\/uploads\/2018\/11\/631dc6b5262a7b49cf738c2b1b9654a8.png\" alt=\"TOPIX\u306e\u4e88\u60f3PER\u63a8\u79fb\u2460\" width=\"659\" height=\"346\" srcset=\"https:\/\/finance-gfp.com\/wp-content\/uploads\/2018\/11\/631dc6b5262a7b49cf738c2b1b9654a8.png 659w, https:\/\/finance-gfp.com\/wp-content\/uploads\/2018\/11\/631dc6b5262a7b49cf738c2b1b9654a8-300x158.png 300w\" sizes=\"auto, (max-width: 659px) 100vw, 659px\" \/><\/p>\n<p>IT\u30d0\u30d6\u30eb\u5d29\u58ca\u5f8c\u306e2001\u5e74\u3068\u30ea\u30fc\u30de\u30f3\u30b7\u30e7\u30c3\u30af\u76f4\u5f8c\u306e2009\u5e74\u306f\u5927\u5e45\u6e1b\u76ca\u3084\u8d64\u5b57\u306b\u306a\u3063\u305f\u4f01\u696d\u3082\u591a\u304f\u3001TOPIX\u30d9\u30fc\u30b9\u306e\u4e88\u60f3PER\u3067\u3082100\u500d\u3084200\u500d\u306a\u3069\u6975\u7aef\u306b\u4e0a\u6607\u3057\u307e\u3057\u305f\u3002<\/p>\n<p><span class=\"rmarker-s\">\u4e0a\u8a18\u306e\u30c1\u30e3\u30fc\u30c8\u306f\u5c11\u3057\u898b\u306b\u304f\u3044\u306e\u3067\u30b9\u30b1\u30fc\u30eb\u3092\u62e1\u5927\u3057\u305f\u3082\u306e\u304c\u3053\u3061\u3089\u3067\u3059\uff61<\/span><br \/>\n<span class=\"rmarker-s\">\uff08PER30\u500d\u4ee5\u4e0b\u306e\u90e8\u5206\u306e\u307f\u8868\u793a\u3057\u3066\u3044\u307e\u3059\uff09<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-23740\" src=\"https:\/\/finance-gfp.com\/wp-content\/uploads\/2018\/11\/47a3867e8e4f1e5578e3bccdd1b71ac4.png\" alt=\"TOPIX\u306e\u4e88\u60f3PER\u63a8\u79fb\u2461\" width=\"658\" height=\"339\" srcset=\"https:\/\/finance-gfp.com\/wp-content\/uploads\/2018\/11\/47a3867e8e4f1e5578e3bccdd1b71ac4.png 658w, https:\/\/finance-gfp.com\/wp-content\/uploads\/2018\/11\/47a3867e8e4f1e5578e3bccdd1b71ac4-300x155.png 300w\" sizes=\"auto, (max-width: 658px) 100vw, 658px\" \/><\/p>\n<p>\u65e5\u672c\u682a\u306ePER\u306f\u5143\u3005\u4e16\u754c\u7684\u306b\u898b\u3066\u9ad8\u3044\u6c34\u6e96\u304c\u7d9a\u3044\u3066\u3044\u307e\u3057\u305f\uff61<\/p>\n<p>\u4ee5\u524d\u306f\u300c\u4f01\u696d\u540c\u58eb\u306e\u6301\u3061\u5408\u3044\u304c\u767a\u884c\u6e08\u307f\u682a\u5f0f\u6570\u306e\u534a\u5206\u4ee5\u4e0a\u3092\u5360\u3081\u3066\u304a\u308a\u3001\u6d41\u52d5\u3059\u308b\u682a\u6570\u304c\u5c11\u306a\u3044\u306e\u3067PER\u306f\u9ad8\u304f\u3066\u3082\u59a5\u5f53\u300d\u3068\u3044\u3063\u305f\u8aac\u660e\u3092\u3059\u308b\u4eba\u3082\u591a\u304f\u3044\u307e\u3057\u305f\u3002<\/p>\n<p>2000\u5e74\u4ee3\u4ee5\u964d\u306b\u306a\u308b\u3068\u3001\u6301\u3061\u5408\u3044\u304c\u89e3\u6d88\u3055\u308c\u3001\u5916\u56fd\u4eba\u6295\u8cc7\u5bb6\u306e\u6bd4\u7387\u304c\u9ad8\u307e\u3063\u305f\u3053\u3068\u3067PER\u306f\u4ed6\u306e\u5148\u9032\u56fd\u3068\u540c\u30ec\u30d9\u30eb\u3068\u306a\u3063\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>1990\u5e74\u306b\u306f\u65e5\u672c\u682a\u5168\u4f53\u306e5\uff05\u672a\u6e80\u3057\u304b\u4fdd\u6709\u3057\u3066\u3044\u306a\u304b\u3063\u305f\u5916\u56fd\u4eba\u6295\u8cc7\u5bb6\u306f2010\u5e74\u4ee3\u306b\u306f\u65e5\u672c\u682a\u306e1\/3\u3092\u4fdd\u6709\u3059\u308b\u307e\u3067\u306b\u306a\u3063\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>\u4e00\u65b9\u3001\u9280\u884c\u30fb\u751f\u640d\u4fdd\u306f\u5408\u8a08\u30671\/3\u4fdd\u6709\u3057\u3066\u3044\u305f\u306e\u304c\u30017\uff05\uff5e8\uff05\u307e\u3067\u4f4e\u4e0b\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n<ul>\n<li>\u65e5\u672c\u682a\u306e\u90e8\u9580\u5225\u4fdd\u6709\u6bd4\u7387\u306e\u5909\u5316\u306f\u3053\u3061\u3089\u3092\u53c2\u7167\u3057\u3066\u304f\u3060\u3055\u3044\uff1a<a href=\"https:\/\/finance-gfp.com\/?p=388\" target=\"_blank\" rel=\"noopener noreferrer\">\u4e00\u76ee\u3067\u5206\u304b\u308b\u65e5\u672c\u682a\u306e\u90e8\u9580\u5225\u58f2\u8cb7\u72b6\u6cc1\u3068\u4fdd\u6709\u72b6\u6cc1\uff08\u9577\u671f\u63a8\u79fb\uff09<\/a><\/li>\n<\/ul>\n<p><span class=\"rmarker-s\">\u4eca\u5f8c\u3001\u65e5\u672c\u682a\u306ePER\u3092\u5206\u6790\u3059\u308b\u4e0a\u3067\u306f\u3001PER\u304c\u4ed6\u306e\u5148\u9032\u56fd\u4e26\u307f\u306e\u6c34\u6e96\u3068\u306a\u3063\u305f2010\u5e74\u4ee5\u964d\u306e\u30c7\u30fc\u30bf\u304c\u53c2\u8003\u306b\u306a\u308b\u3068\u601d\u308f\u308c\u307e\u3059\u3002<\/span><\/p>\n<p>2010\u5e74\u4ee5\u964d\u306e\u65e5\u672c\u682a\u306e\u4e88\u60f3PER\u306e\u30c1\u30e3\u30fc\u30c8\u3067\u3059\u3002<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-23742\" src=\"https:\/\/finance-gfp.com\/wp-content\/uploads\/2018\/11\/3d343991bcf7254fccc2c5c9ac447656.png\" alt=\"TOPIX\u306e\u4e88\u60f3PER\u63a8\u79fb\u2462\" width=\"658\" height=\"335\" srcset=\"https:\/\/finance-gfp.com\/wp-content\/uploads\/2018\/11\/3d343991bcf7254fccc2c5c9ac447656.png 658w, https:\/\/finance-gfp.com\/wp-content\/uploads\/2018\/11\/3d343991bcf7254fccc2c5c9ac447656-300x153.png 300w\" sizes=\"auto, (max-width: 658px) 100vw, 658px\" \/><\/p>\n<p>\u65e5\u672c\u682a\u306e\u4e88\u60f3PER\u306f\u6b27\u7c73\u4e26\u307f\u306e\u6c34\u6e96\u3068\u306a\u3063\u305f2010\u5e74\u4ee5\u964d\u3067\u306f\u300111\u500d\u301c23\u500d\u306e\u7bc4\u56f2\u3067\u63a8\u79fb\u3057\u3066\u304d\u307e\u3057\u305f\u3002\uff08\u6708\u6b21\u30c7\u30fc\u30bf\u30d9\u30fc\u30b9\uff09<\/p>\n<p>\u3057\u304b\u3057\u3001\u4f8b\u5916\u7684\u306a\u6642\u671f\u3092\u9664\u304f\u3068\u591a\u304f\u306e\u671f\u9593\u306712\u500d\u301c16\u500d\u306e\u30ec\u30f3\u30b8\u3067\u63a8\u79fb\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>\u3088\u3063\u3066\u3001<span class=\"ymarker-s\">TOPIX\u30d9\u30fc\u30b9\u306e\u4e88\u60f3PER\u306712\u500d\u306b\u8fd1\u3065\u3044\u305f\u6c34\u6e96\u306f\u5272\u5b89<\/span>\u3068\u5224\u65ad\u3057\u3066\u826f\u3055\u305d\u3046\u3067\u3059\u3002<\/p>\n<p><span class=\"ymarker-s\">\u9006\u306b16\u500d\u3092\u8d85\u3048\u308b\u6c34\u6e96\u306b\u306a\u3063\u305f\u5834\u5408\u306f\u3084\u3084\u6ce8\u610f\u304c\u5fc5\u8981<\/span>\u3067\u3059\u3002<\/p>\n<p>\u305f\u3060\u3057\u3001\u5229\u76ca\u6210\u9577\u7387\u304c\u9ad8\u3044\u6642\u671f\u306fPER\u304c\u9ad8\u3044\u3053\u3068\u306f\u3042\u308b\u610f\u5473\u5f53\u305f\u308a\u524d\u3068\u3082\u8a00\u3048\u307e\u3059\u3002<\/p>\n<p>\u305d\u306e\u3088\u3046\u306a\u30b1\u30fc\u30b9\u3067\u306f\u300cPEG\u30ec\u30b7\u30aa\u300d\u3082\u4f75\u305b\u3066\u5206\u6790\u3059\u308b\u3053\u3068\u3092\u304a\u52e7\u3081\u3057\u307e\u3059\u3002<\/p>\n<p>PEG\u30ec\u30b7\u30aa\uff08Price Earnings Growth Ratio\uff09\u306f\u4e88\u60f3PER\u3092EPS\uff081\u682a\u5f53\u305f\u308a\u5229\u76ca\uff09\u6210\u9577\u7387\u3067\u5272\u3063\u3066\u7b97\u51fa\u3055\u308c\u307e\u3059\u3002<\/p>\n<ul>\n<li>PEG\u30ec\u30b7\u30aa\uff1d\u4e88\u60f3PER \/ EPS\u6210\u9577\u7387<\/li>\n<\/ul>\n<p>\u4e00\u822c\u7684\u306b\u306fPGE\u30ec\u30b7\u30aa\u304c1\u500d\u3092\u4e0b\u56de\u308c\u3070\u5272\u5b89\u3068\u8a00\u308f\u308c\u307e\u3059\u3002<\/p>\n<p>\u305d\u306e\u305f\u3081\u3001TOPIX\u306e\u4e88\u60f3PER\u304c16\u500d\u3067\u3082EPS\u6210\u9577\u7387\u304c16\uff05\u4ee5\u4e0a\u3067\u3042\u308c\u3070\u5272\u9ad8\u3067\u306f\u306a\u3044\u3068\u3044\u3046\u3053\u3068\u306b\u306a\u308a\u307e\u3059\u3002<\/p>\n<h3>\u65e5\u672c\u682a\uff08TOPIX\uff09\u306ePBR\u63a8\u79fb<\/h3>\n<p><span class=\"rmarker-s\">\u6b21\u306bTOPIX\u306e\u5b9f\u7e3ePBR\u306e\u30c1\u30e3\u30fc\u30c8\u3092\u63b2\u8f09\u3057\u307e\u3059\u3002\uff082001\u5e745\u6708\u304b\u3089\u306e\u30c7\u30fc\u30bf\u3067\u3059\uff09<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-23743 size-full\" src=\"https:\/\/finance-gfp.com\/wp-content\/uploads\/2018\/11\/perpbr_pbr_topix202412.png\" alt=\"TOPIX\u306e\u5b9f\u7e3ePBR\u306e\u63a8\u79fb\" width=\"658\" height=\"340\" srcset=\"https:\/\/finance-gfp.com\/wp-content\/uploads\/2018\/11\/perpbr_pbr_topix202412.png 658w, https:\/\/finance-gfp.com\/wp-content\/uploads\/2018\/11\/perpbr_pbr_topix202412-300x155.png 300w\" sizes=\"auto, (max-width: 658px) 100vw, 658px\" \/><\/p>\n<p>\u30ea\u30fc\u30de\u30f3\u30b7\u30e7\u30c3\u30af\u5f8c\u306e2008\u5e74\u301c2012\u5e74\u306fTOPIX\u30d9\u30fc\u30b9\u306ePBR\u304c1\u500d\u5272\u308c\u3068\u306a\u3063\u3066\u3044\u307e\u3059\u3002<\/p>\n<p><span class=\"ymarker-s\">\u3055\u3059\u304c\u306b\u6307\u6570\u30d9\u30fc\u30b9\u3067PBR1\u500d\u5272\u308c\u306f\u5272\u5b89\u3067\u3059\u3002<\/span><\/p>\n<p><span 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https:\/\/finance-gfp.com\/wp-content\/uploads\/2018\/11\/perpbr_per_sp500_202412-300x160.png 300w\" sizes=\"auto, (max-width: 657px) 100vw, 657px\" \/><\/p>\n<p>1990\u5e74\u4ee5\u964d\u306e\u4e88\u60f3PER\u306e\u5e73\u5747\u5024\u306f16\u500d\uff5e17\u500d\u7a0b\u5ea6\u3067\u3059\uff61<\/p>\n<p><span class=\"ymarker-s\">\u4e88\u60f3PER\u304c14\u500d\u3092\u4e0b\u56de\u308b\u6c34\u6e96\u306f\u5272\u5b89<\/span>\u3068\u8a00\u3048\u307e\u3059\u3002<\/p>\n<p>\u4e88\u60f3PER\u304c20\u500d\u3092\u8d85\u3048\u308b\u6c34\u6e96\u306f\u6d41\u77f3\u306b\u6ce8\u610f\u304c\u5fc5\u8981\u3068\u8a00\u3048\u305d\u3046\u3067\u3059\u3002<\/p>\n<h3>\u7c73\u56fd\u682a\uff08S&amp;P500\uff09\u306ePBR\u63a8\u79fb<\/h3>\n<p><span class=\"rmarker-s\">\u6b21\u306bS&amp;P500\u306e\u5b9f\u7e3ePBR\u306e\u30c1\u30e3\u30fc\u30c8\u3067\u3059\u3002<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-23745\" src=\"https:\/\/finance-gfp.com\/wp-content\/uploads\/2018\/11\/perpbr_pbr_sp500_202412.png\" alt=\"S&amp;P500\u306e\u4e88\u60f3PER\u63a8\u79fb\" width=\"661\" height=\"351\" srcset=\"https:\/\/finance-gfp.com\/wp-content\/uploads\/2018\/11\/perpbr_pbr_sp500_202412.png 661w, https:\/\/finance-gfp.com\/wp-content\/uploads\/2018\/11\/perpbr_pbr_sp500_202412-300x159.png 300w\" sizes=\"auto, (max-width: 661px) 100vw, 661px\" \/><\/p>\n<p><span 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