{"id":8288,"date":"2019-08-31T17:04:36","date_gmt":"2019-08-31T08:04:36","guid":{"rendered":"https:\/\/finance-gfp.com\/?p=8288"},"modified":"2025-02-25T06:52:45","modified_gmt":"2025-02-24T21:52:45","slug":"%e5%85%88%e9%80%b2%e5%9b%bd%e6%a0%aa%e5%bc%8f%e3%81%a8%e6%96%b0%e8%88%88%e5%9b%bd%e6%a0%aa%e5%bc%8f%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=8288","title":{"rendered":"\u5148\u9032\u56fd\u682a\u5f0f\u3068\u65b0\u8208\u56fd\u682a\u5f0f\u306e\u4e88\u60f3PER\u30fb\u5b9f\u7e3ePBR\u63a8\u79fb"},"content":{"rendered":"<p><span class=\"ymarker-s\">\u3053\u3061\u3089\u306e\u30da\u30fc\u30b8\u3067\u306f\u300c\u5148\u9032\u56fd\u300d\u300c\u65b0\u8208\u56fd\u300d\u306e\u300c\u4e88\u60f3PER\u300d\u300c\u5b9f\u7e3ePBR\u300d\u306e\u63a8\u79fb\u3092\u63b2\u8f09\u3057\u3066\u3044\u307e\u3059\u3002<\/span><\/p>\n<ul>\n<li>\u5148\u9032\u56fd\uff1aMSCI\u30ef\u30fc\u30eb\u30c9<\/li>\n<li>\u65b0\u8208\u56fd\uff1aMSCI\u30a8\u30de\u30fc\u30b8\u30f3\u30b0<\/li>\n<\/ul>\n<p>\u904e\u53bb\u306e\u63a8\u79fb\u3084\u30c8\u30ec\u30f3\u30c9\u3092\u628a\u63e1\u3059\u308b\u3053\u3068\u3067\u73fe\u5728\u306ePER\u30fbPBR\u304c\u5272\u5b89\u306a\u306e\u304b\u5272\u9ad8\u306a\u306e\u304b\u3092\u5206\u6790\u3059\u308b\u3053\u3068\u304c\u53ef\u80fd\u3068\u306a\u308a\u307e\u3059\u306e\u3067\u3054\u6d3b\u7528\u304f\u3060\u3055\u3044\u3002<\/p>\n<p>\u307e\u305f\u3001\u5148\u9032\u56fd\u682a\u5f0f\u3068\u65b0\u8208\u56fd\u682a\u5f0f\u306e\u30c7\u30fc\u30bf\u3092\u76f8\u4e92\u6bd4\u8f03\u3059\u308b\u3053\u3068\u3067\u3082\u69d8\u3005\u306a\u6c17\u4ed8\u304d\u304c\u3042\u308a\u307e\u3059\u3002<\/p>\n<p>\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\n<!-- WP QUADS v. 3.0.2  Shortcode Ad -->\n<div class=\"quads-location quads-ad\" id=\"quads-ad\" style=\"float:none;margin:0px 0 0px 0;text-align:center;\">\n<script async src=\"\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js\"><\/script>\r\n<!-- \u30d5\u30a1\u30a4\u30ca\u30f3\u30b7\u30e3\u30eb\u30b9\u30bf\u30fc\uff08\u8a18\u4e8b\u4e0a\u30ec\u30b9\u30dd\u30f3\u30b7\u30d6\uff09 -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-5603670596158988\"\r\n     data-ad-slot=\"4486034607\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n(adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div>\n\n<p>\u307e\u305a\u3001\u300cMSCI\u30ef\u30fc\u30eb\u30c9\u300d\u3068\u300cMSCI\u30a8\u30de\u30fc\u30b8\u30f3\u30b0\u300d\u306e\u6982\u8981\u304b\u3089\u89e3\u8aac\u3057\u307e\u3059\u3002<\/p>\n<h2>MSCI\u30ef\u30fc\u30eb\u30c9\uff08\u5148\u9032\u56fd\u682a\u5f0f\uff09\u3068MSCI\u30a8\u30de\u30fc\u30b8\u30f3\u30b0\uff08\u65b0\u8208\u56fd\u682a\u5f0f\uff09\u3068\u306f<\/h2>\n<p>2025\u5e74\u6642\u70b9\u306e\u300cMSCI\u30ef\u30fc\u30eb\u30c9\u300d\u306f\u5148\u9032\u56fd23\u30f6\u56fd\u306e\u6307\u6570\u3001\u300cMSCI\u30a8\u30de\u30fc\u30b8\u30f3\u30b0\u300d\u306f\u65b0\u8208\u56fd24\u30f6\u56fd\u306e\u6307\u6570\u3067\u3059\u3002\uff08\u69cb\u6210\u56fd\u306e\u6570\u306f\u6c7a\u307e\u3063\u3066\u304a\u3089\u305a\u3001\u9069\u5b9c\u5909\u5316\u3057\u3066\u3044\u304d\u307e\u3059\uff09<\/p>\n<p>MSCI\u306e\u533a\u5206\u306f\u4e0b\u8a18\u306e\u901a\u308a\u3067\u3059\u3002<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-21336\" src=\"https:\/\/finance-gfp.com\/wp-content\/uploads\/2019\/08\/mxef_perpbr_index202309-1.png\" alt=\"MSCI\u30ef\u30fc\u30eb\u30c9\u30fbMSCI\u30a8\u30de\u30fc\u30b8\u30f3\u30b0\u533a\u5206\" width=\"606\" height=\"180\" srcset=\"https:\/\/finance-gfp.com\/wp-content\/uploads\/2019\/08\/mxef_perpbr_index202309-1.png 606w, https:\/\/finance-gfp.com\/wp-content\/uploads\/2019\/08\/mxef_perpbr_index202309-1-300x89.png 300w\" sizes=\"auto, (max-width: 606px) 100vw, 606px\" \/><\/p>\n<p><span class=\"ymarker-s\">\u300cMSCI\u30aa\u30fc\u30eb\u30ab\u30f3\u30c8\u30ea\u30fc\u30ef\u30fc\u30eb\u30c9\u30fb\u30a4\u30f3\u30c7\u30c3\u30af\u30b9\u300d\u306e\u4e2d\u306b\u300c\u5148\u9032\u56fd\u6307\u6570\uff08MSCI\u30ef\u30fc\u30eb\u30c9\uff09\u300d\u3068\u300c\u65b0\u8208\u56fd\u6307\u6570\uff08MSCI\u30a8\u30de\u30fc\u30b8\u30f3\u30b0\uff09\u300d\u304c\u542b\u307e\u308c\u3066\u3044\u307e\u3059\u3002<\/span><\/p>\n<p>\u3061\u306a\u307f\u306b\u3001MSCI\u30b3\u30af\u30b5\u30a4\u30fb\u30a4\u30f3\u30c7\u30c3\u30af\u30b9\u3068\u3044\u3046\u6307\u6570\u3082\u3042\u308a\u307e\u3059\u304c\u3001\u3053\u308c\u306fMSCI\u30ef\u30fc\u30eb\u30c9\u304b\u3089\u65e5\u672c\u3092\u9664\u3044\u305f\u3082\u306e\u3067\u3059\u3002<\/p>\n<p>\u307e\u305f\u3001\u300cMSCI\u30a8\u30de\u30fc\u30b8\u30f3\u30b0\u300d\u306e\u4e0b\u306b\u300cMSCI\u30d5\u30ed\u30f3\u30c6\u30a3\u30a2\u300d\u3068\u3044\u3046\u30b0\u30eb\u30fc\u30d7\u304c\u5b58\u5728\u3057\u307e\u3059\u3002\uff08MSCI\u30d5\u30ed\u30f3\u30c6\u30a3\u30a2\u306fMSCI\u30aa\u30fc\u30eb\u30ab\u30f3\u30c8\u30ea\u30fc\u30ef\u30fc\u30eb\u30c9\u30fb\u30a4\u30f3\u30c7\u30c3\u30af\u30b9\u306b\u306f\u542b\u307e\u308c\u307e\u305b\u3093\uff09<\/p>\n<ul>\n<li>MSCI\u30d5\u30ed\u30f3\u30c6\u30a3\u30a2\u306b\u3064\u3044\u3066\u306f\u3053\u3061\u3089\u3092\u53c2\u7167\uff1a<a href=\"https:\/\/finance-gfp.com\/?p=3419\" target=\"_blank\" rel=\"noopener\">i\u30b7\u30a7\u30a2\u30fc\u30baMSCI\u30d5\u30ed\u30f3\u30c6\u30a3\u30a2100 \u3010ETF\u3011\/ \u65b0\u8208\u56fd\u30d5\u30ed\u30f3\u30c6\u30a3\u30a2\u682a\u5f0f\u306e\u6982\u8981<\/a><\/li>\n<\/ul>\n\n<!-- WP QUADS v. 3.0.2  Shortcode Ad -->\n<div class=\"quads-location quads-ad\" id=\"quads-ad\" style=\"float:none;margin:0px 0 0px 0;text-align:center;\">\n<script async src=\"\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js\"><\/script>\r\n<!-- \u30d5\u30a1\u30a4\u30ca\u30f3\u30b7\u30e3\u30eb\u30b9\u30bf\u30fc\uff08\u8a18\u4e8b\u4e0a\u30ec\u30b9\u30dd\u30f3\u30b7\u30d6\uff09 -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-5603670596158988\"\r\n     data-ad-slot=\"4486034607\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n(adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div>\n\n<h2>\u5148\u9032\u56fd\u682a\u5f0f\u3068\u65b0\u8208\u56fd\u682a\u5f0f\u306e\u4e88\u60f3PER\u306e\u63a8\u79fb<\/h2>\n<p>\u5148\u9032\u56fd\u682a\u5f0f\u3068\u65b0\u8208\u56fd\u682a\u5f0f\u306e\u4e88\u60f3PER\u3092\u76f8\u5bfe\u7684\u306b\u5206\u6790\u3067\u304d\u308b\u3088\u3046\u306b\u6bd4\u8f03\u30c1\u30e3\u30fc\u30c8\u3068\u3057\u3066\u63b2\u8f09\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>\u307e\u305f\u3001\u4e88\u60f3PER\u30c1\u30e3\u30fc\u30c8\u306e\u4e0b\u306b\u682a\u4fa1\u306e\u6bd4\u8f03\u30c1\u30e3\u30fc\u30c8\u3082\u63b2\u8f09\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-23769\" src=\"https:\/\/finance-gfp.com\/wp-content\/uploads\/2019\/08\/mxef_perpbr_per202501.png\" alt=\"\u5148\u9032\u56fd\u682a\uff08MSCI\u30ef\u30fc\u30eb\u30c9\uff09\u30fb\u65b0\u8208\u56fd\u682a\uff08MSCI\u30a8\u30de\u30fc\u30b8\u30f3\u30b0\uff09\u306e\u4e88\u60f3PER\u30c1\u30e3\u30fc\u30c8\" width=\"644\" height=\"380\" srcset=\"https:\/\/finance-gfp.com\/wp-content\/uploads\/2019\/08\/mxef_perpbr_per202501.png 644w, https:\/\/finance-gfp.com\/wp-content\/uploads\/2019\/08\/mxef_perpbr_per202501-300x177.png 300w\" sizes=\"auto, (max-width: 644px) 100vw, 644px\" \/><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-23772\" src=\"https:\/\/finance-gfp.com\/wp-content\/uploads\/2019\/08\/mxef_perpbr_pricechart202501.png\" alt=\"\u5148\u9032\u56fd\u682a\uff08MSCI\u30ef\u30fc\u30eb\u30c9\uff09\u30fb\u65b0\u8208\u56fd\u682a\uff08MSCI\u30a8\u30de\u30fc\u30b8\u30f3\u30b0\uff09\u306e\u9577\u671f\u30c1\u30e3\u30fc\u30c8\" width=\"656\" height=\"375\" srcset=\"https:\/\/finance-gfp.com\/wp-content\/uploads\/2019\/08\/mxef_perpbr_pricechart202501.png 656w, https:\/\/finance-gfp.com\/wp-content\/uploads\/2019\/08\/mxef_perpbr_pricechart202501-300x171.png 300w\" sizes=\"auto, (max-width: 656px) 100vw, 656px\" \/><\/p>\n<p><span class=\"ymarker-s\">\u65b0\u8208\u56fd\u682a\u5f0f\uff08MSCI\u30a8\u30de\u30fc\u30b8\u30f3\u30b0\uff09\u306e\u4e88\u60f3PER\u304c\u5148\u9032\u56fd\u682a\u5f0f\uff08MSCI\u30ef\u30fc\u30eb\u30c9\uff09\u306e\u4e88\u60f3PER\u3092\u4e0a\u56de\u308b\u3053\u3068\u306f\u307b\u3068\u3093\u3069\u3042\u308a\u307e\u305b\u3093\u3002<\/span><\/p>\n<p>2007\u5e74\u30842011\u5e74\u306e\u3088\u3046\u306b\u65b0\u8208\u56fd\u682a\u5f0f\u304c\u76f8\u5bfe\u7684\u306b\u5927\u304d\u304f\u4e0a\u6607\u3057\u305f\u969b\u306f\u4e88\u60f3PER\u304c\u307b\u307c\u540c\u3058\u6c34\u6e96\u3068\u306a\u3063\u3066\u3044\u307e\u3059\u3002<\/p>\n<p><span class=\"ymarker-s\">\u3088\u3063\u3066\u3001\u5148\u9032\u56fd\u682a\u5f0f\u3068\u65b0\u8208\u56fd\u682a\u5f0f\u306e\u4e88\u60f3PER\u304c\u540c\u3058\u6c34\u6e96\u306b\u306a\u3063\u305f\u969b\u306f\u76f8\u5bfe\u7684\u306b\u65b0\u8208\u56fd\u682a\u5f0f\u304c\u5272\u9ad8\u306b\u306a\u3063\u3066\u3044\u308b\u3068\u8003\u3048\u3089\u308c\u307e\u3059\u3002<\/span><\/p>\n<p>\u4f59\u8ac7\u3067\u3059\u304c\u3001\u305d\u306e\u30bf\u30a4\u30df\u30f3\u30b0\u3067\u300c\u5148\u9032\u56fd\u682a\u5f0f\u8cb7\u3044+\u65b0\u8208\u56fd\u682a\u5f0f\u58f2\u308a\u300d\u306e\u30dd\u30b8\u30b7\u30e7\u30f3\u3092\u53d6\u308c\u3070\u624b\u5805\u304f\u5229\u76ca\u3092\u78ba\u4fdd\u3067\u304d\u305d\u3046\u3067\u3059\u3002\uff08ETF\u3084CFD\u3092\u6d3b\u7528\u3059\u308b\u3053\u3068\u3067\u53d6\u5f15\u304c\u53ef\u80fd\u3067\u3059\uff09<\/p>\n<p>\u3061\u306a\u307f\u306b\u3001\u65b0\u8208\u56fd\u682a\u5f0f\uff08MSCI\u30a8\u30de\u30fc\u30b8\u30f3\u30b0\uff09\u306e\u4e88\u60f3PER\u304c\u5148\u9032\u56fd\u682a\u5f0f\uff08MSCI\u30ef\u30fc\u30eb\u30c9\uff09\u306e\u4e88\u60f3PER\u3088\u308a\u4f4e\u3044\u70b9\u306b\u3064\u3044\u3066\u3001\u610f\u5916\u3068\u611f\u3058\u308b\u65b9\u3082\u3044\u308b\u3067\u3057\u3087\u3046\u3002<\/p>\n<p>\u9ad8\u3044\u6210\u9577\u7387\u3092\u8003\u3048\u308c\u3070\u3001\u65b0\u8208\u56fd\u682a\u5f0f\u306e\u65b9\u304c\u9ad8\u3044\u30d0\u30ea\u30e5\u30a8\u30fc\u30b7\u30e7\u30f3\u306b\u306a\u3063\u3066\u3082\u304a\u304b\u3057\u304f\u3042\u308a\u307e\u305b\u3093\u3002<\/p>\n<p>\u3057\u304b\u3057\u3001\u65b0\u8208\u56fd\u306f\u30ab\u30f3\u30c8\u30ea\u30fc\u30ea\u30b9\u30af\u304c\u9ad8\u3044\u3053\u3068\u3068\u91d1\u5229\u6c34\u6e96\u304c\u9ad8\u3044\u3053\u3068\u304c\u30d0\u30ea\u30e5\u30a8\u30fc\u30b7\u30e7\u30f3\u3092\u6291\u3048\u3066\u3044\u308b\u3068\u8003\u3048\u3089\u308c\u307e\u3059\u3002<\/p>\n<p>\u5c11\u3057\u5c02\u9580\u7684\u306b\u8aac\u660e\u3059\u308b\u3068\u30ab\u30f3\u30c8\u30ea\u30fc\u30ea\u30b9\u30af\u304b\u9ad8\u304f\u306a\u308b\u3068\u305d\u306e\u5206\u3001\u30ea\u30b9\u30af\u30d7\u30ec\u30df\u30a2\u30e0\u304c\u4e0a\u4e57\u305b\u3055\u308c\u3001\u9ad8\u3044\u682a\u5f0f\u76ca\u5229\u56de\u308a\uff08PER\u306e\u9006\u6570\uff09\u304c\u5fc5\u8981\u3068\u306a\u308a\u307e\u3059\u3002\u305d\u306e\u7d50\u679c\u3001PER\u306f\u4f4e\u304f\u306a\u308a\u307e\u3059\u3002<\/p>\n<p>\u540c\u3058\u304f\u3001\u305d\u306e\u56fd\u306e\u91d1\u5229\u6c34\u6e96\u304c\u9ad8\u3044\u3068\u30a4\u30fc\u30eb\u30c9\u30b9\u30d7\u30ec\u30c3\u30c9\u306e\u89b3\u70b9\u304b\u3089\u9ad8\u3044\u682a\u5f0f\u76ca\u5229\u56de\u308a\uff08PER\u306e\u9006\u6570\uff09\u304c\u5fc5\u8981\u3068\u306a\u308a\u3001PER\u306f\u4f4e\u304f\u306a\u308a\u307e\u3059\u3002<\/p>\n<ul>\n<li>\u30a4\u30fc\u30eb\u30c9\u30b9\u30d7\u30ec\u30c3\u30c9\u3084\u682a\u5f0f\u76ca\u5229\u56de\u308a\u306b\u3064\u3044\u3066\u306f\u3053\u3061\u3089\u3092\u53c2\u7167\u3057\u3066\u304f\u3060\u3055\u3044\uff1a\u4e3b\u8981\u56fd\u306e\u30a4\u30fc\u30eb\u30c9\u30b9\u30d7\u30ec\u30c3\u30c9\u63a8\u79fb\uff08\u30c7\u30fc\u30bf\u66f4\u65b0\u7528\uff09<a href=\"https:\/\/finance-gfp.com\/?p=5751\" target=\"_blank\" rel=\"noopener noreferrer\">\u4e3b\u8981\u56fd\u306e\u30a4\u30fc\u30eb\u30c9\u30b9\u30d7\u30ec\u30c3\u30c9\u63a8\u79fb\uff08\u30c7\u30fc\u30bf\u66f4\u65b0\u7528\uff09<\/a><\/li>\n<\/ul>\n<p>\u3053\u306e\u3088\u3046\u306b\u65b0\u8208\u56fd\u682a\u5f0f\uff08MSCI\u30a8\u30de\u30fc\u30b8\u30f3\u30b0\uff09\u306e\u4e88\u60f3PER\u304c\u5148\u9032\u56fd\u682a\u5f0f\uff08MSCI\u30ef\u30fc\u30eb\u30c9\uff09\u306e\u4e88\u60f3PER\u3088\u308a\u4f4e\u304f\u306a\u308b\u3053\u3068\u306b\u3064\u3044\u3066\u306f\u7406\u8ad6\u7684\u306b\u304a\u304b\u3057\u304f\u3042\u308a\u307e\u305b\u3093\u3002<\/p>\n<p>2010\u5e74\u4ee5\u964d\u306f\u65b0\u8208\u56fd\u682a\u5f0f\uff08MSCI\u30a8\u30de\u30fc\u30b8\u30f3\u30b0\uff09\u306e\u4e88\u60f3PER\u3068\u5148\u9032\u56fd\u682a\u5f0f\uff08MSCI\u30ef\u30fc\u30eb\u30c9\uff09\u306e\u4e88\u60f3PER\u304c\u5f90\u3005\u306b\u4e56\u96e2\u3057\u3066\u3044\u308b\u306e\u304c\u78ba\u8a8d\u3067\u304d\u307e\u3059\u3002<\/p>\n<h2>\u5148\u9032\u56fd\u682a\u5f0f\u3068\u65b0\u8208\u56fd\u682a\u5f0f\u306e\u5b9f\u7e3ePBR\u306e\u63a8\u79fb<\/h2>\n<p>\u3053\u3061\u3089\u3082\u4e0a\u8a18\u306e\u4e88\u60f3PER\u3068\u540c\u69d8\u306b\u5b9f\u7e3ePBR\u306e\u6bd4\u8f03\u30c1\u30e3\u30fc\u30c8\u306e\u4e0b\u306b\u682a\u4fa1\u306e\u63a8\u79fb\u3092\u63b2\u8f09\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-23770\" src=\"https:\/\/finance-gfp.com\/wp-content\/uploads\/2019\/08\/mxef_perpbr_pbr202501.png\" alt=\"\u5148\u9032\u56fd\u682a\uff08MSCI\u30ef\u30fc\u30eb\u30c9\uff09\u30fb\u65b0\u8208\u56fd\u682a\uff08MSCI\u30a8\u30de\u30fc\u30b8\u30f3\u30b0\uff09\u306e\u5b9f\u7e3ePBR\u30c1\u30e3\u30fc\u30c8\" width=\"642\" height=\"376\" srcset=\"https:\/\/finance-gfp.com\/wp-content\/uploads\/2019\/08\/mxef_perpbr_pbr202501.png 642w, https:\/\/finance-gfp.com\/wp-content\/uploads\/2019\/08\/mxef_perpbr_pbr202501-300x176.png 300w, https:\/\/finance-gfp.com\/wp-content\/uploads\/2019\/08\/mxef_perpbr_pbr202501-640x376.png 640w\" sizes=\"auto, (max-width: 642px) 100vw, 642px\" \/><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-23772\" src=\"https:\/\/finance-gfp.com\/wp-content\/uploads\/2019\/08\/mxef_perpbr_pricechart202501.png\" alt=\"\u5148\u9032\u56fd\u682a\uff08MSCI\u30ef\u30fc\u30eb\u30c9\uff09\u30fb\u65b0\u8208\u56fd\u682a\uff08MSCI\u30a8\u30de\u30fc\u30b8\u30f3\u30b0\uff09\u306e\u9577\u671f\u30c1\u30e3\u30fc\u30c8\" width=\"656\" height=\"375\" srcset=\"https:\/\/finance-gfp.com\/wp-content\/uploads\/2019\/08\/mxef_perpbr_pricechart202501.png 656w, https:\/\/finance-gfp.com\/wp-content\/uploads\/2019\/08\/mxef_perpbr_pricechart202501-300x171.png 300w\" sizes=\"auto, (max-width: 656px) 100vw, 656px\" \/><\/p>\n<p><span class=\"ymarker-s\">\u3053\u3061\u3089\u3082\u65b0\u8208\u56fd\u682a\u5f0f\uff08MSCI\u30a8\u30de\u30fc\u30b8\u30f3\u30b0\uff09\u306e\u5b9f\u7e3ePBR\u304c\u5148\u9032\u56fd\u682a\u5f0f\uff08MSCI\u30ef\u30fc\u30eb\u30c9\uff09\u306e\u5b9f\u7e3ePBR\u3092\u4e0a\u56de\u308b\u3053\u3068\u306f\u307b\u3068\u3093\u3069\u3042\u308a\u307e\u305b\u3093\u3002<\/span><\/p>\n<p><span class=\"ymarker-s\">\u4e0a\u8a18\u306e\u4e88\u60f3PER\u3068\u540c\u69d8\u306b\u5148\u9032\u56fd\u682a\u5f0f\u3068\u65b0\u8208\u56fd\u682a\u5f0f\u306ePBR\u304c\u540c\u3058\u6c34\u6e96\u306b\u306a\u3063\u305f\u969b\u306f\u65b0\u8208\u56fd\u682a\u5f0f\u304c\u5272\u9ad8\u306b\u306a\u3063\u3066\u3044\u308b\u3068\u8003\u3048\u3089\u308c\u307e\u3059\u3002<\/span><\/p>\n<p>\u305d\u3057\u3066\u3001\u3053\u3061\u3089\u3082\u4e88\u60f3PER\u3068\u540c\u69d8\u306b2010\u5e74\u4ee5\u964d\u306f\u5148\u9032\u56fd\u306ePBR\u3068\u65b0\u8208\u56fd\u306ePBR\u306e\u4e56\u96e2\u304c\u5927\u304d\u304f\u306a\u3063\u3066\u3044\u308b\u3053\u3068\u304c\u5206\u304b\u308a\u307e\u3059\u3002<\/p>\n<p>\u307e\u305f\u3001\u4e0a\u8a18\u306e\u682a\u4fa1\u30c1\u30e3\u30fc\u30c8\u3092\u898b\u308b\u30682005\u5e74\u301c2010\u5e74\u306f\u5148\u9032\u56fd\u682a\u5f0f\u306b\u5bfe\u3057\u3066\u65b0\u8208\u56fd\u682a\u5f0f\u304c\u5927\u304d\u304f\u4e0a\u6607\u3057\u3066\u3044\u307e\u3059\u3002\uff08\u65b0\u8208\u56fd\u4e3b\u5c0e\u306e\u682a\u5f0f\u76f8\u5834\uff09<\/p>\n<p>\u9006\u306b\u30012010\u5e74\u301c2020\u5e74\u306f\u65b0\u8208\u56fd\u682a\u5f0f\u304c\u307b\u307c\u6a2a\u3070\u3044\u3067\u63a8\u79fb\u3057\u3066\u3044\u308b\u306e\u306b\u5bfe\u3057\u5148\u9032\u56fd\u682a\u5f0f\u304c\u5927\u304d\u304f\u4e0a\u6607\u3057\u3066\u3044\u307e\u3059\u3002\uff08\u5148\u9032\u56fd\u4e3b\u5c0e\u306e\u682a\u5f0f\u76f8\u5834\uff09<\/p>\n<p>\u65b0\u578b\u30b3\u30ed\u30ca\u30a6\u30a4\u30eb\u30b9\u306e\u5f71\u97ff\u3092\u53d7\u3051\u305f2020\u5e743\u6708\u306b\u65b0\u8208\u56fd\u682a\u5f0f\uff08MSCI\u30a8\u30de\u30fc\u30b8\u30f3\u30b0\uff09\u306ePBR\u306f\u7d041.3\u500d\u307e\u3067\u4f4e\u4e0b\u3057\u307e\u3057\u305f\u3002<\/p>\n<p><span class=\"rmarker-s\">\u65b0\u8208\u56fd\u682a\u5f0f\uff08MSCI\u30a8\u30de\u30fc\u30b8\u30f3\u30b0\uff09\u306ePBR\u306e\u904e\u53bb\u6700\u4f4e\uff08\u6708\u6b21\u30c7\u30fc\u30bf\u30d9\u30fc\u30b9\uff09\u306f\u30ea\u30fc\u30de\u30f3\u30b7\u30e7\u30c3\u30af\u5f8c\u306e2008\u5e7411\u6708\u672b\u306b\u3064\u3051\u305f1.17\u500d\u3067\u3059\u3002<\/span><\/p>\n<p>\u305d\u3046\u3044\u3046\u610f\u5473\u3067\u306f2020\u5e743\u6708\u306e\u65b0\u8208\u56fd\u682a\u5f0f\u306f\u304b\u306a\u308a\u8abf\u6574\u304c\u9032\u3093\u3060\u6c34\u6e96\u3067\u3042\u3063\u305f\u3068\u8a00\u3048\u305d\u3046\u3067\u3059\u3002<\/p>\n<p><span class=\"rmarker-s\">\u4eca\u5f8c\u3082\u65b0\u8208\u56fd\u682a\u5f0f\uff08MSCI\u30a8\u30de\u30fc\u30b8\u30f3\u30b0\uff09\u306ePBR\u304c1.2\u500d\uff5e1.3\u500d\u306b\u8fd1\u3065\u3044\u3066\u304d\u305f\u5834\u5408\u306f\u6ce8\u76ee\u3067\u3059\u3002<\/span><\/p>\n<h2>\u95a2\u9023\u30da\u30fc\u30b8<\/h2>\n<p>\u5148\u9032\u56fd\u3068\u65b0\u8208\u56fd\u306e\u682a\u5f0f\u306b\u95a2\u9023\u3059\u308b\u30b3\u30f3\u30c6\u30f3\u30c4\u3067\u3059\u3002<\/p>\n<ul>\n<li>\u65e5\u672c\u682a\u30fb\u7c73\u56fd\u682a\u306ePER\u30fbPBR\uff1a<a href=\"https:\/\/finance-gfp.com\/?p=6403\" target=\"_blank\" rel=\"noopener noreferrer\">\u65e5\u672c\u682a(TOPIX)\u3068\u7c73\u56fd\u682a(S&amp;P500)\u306e\u4e88\u60f3PER\u30fb\u5b9f\u7e3ePBR\u63a8\u79fb<\/a><\/li>\n<li>\u65b0\u8208\u56fd\u306e\u30de\u30af\u30ed\u30c7\u30fc\u30bf\uff1a<a href=\"https:\/\/finance-gfp.com\/?p=358\" target=\"_blank\" rel=\"noopener noreferrer\">\u65b0\u8208\u56fd\u30de\u30af\u30ed\u30c7\u30fc\u30bf\u63a8\u79fb<\/a><\/li>\n<li>\u4e3b\u8981\u65b0\u8208\u56fd\u306e\u682a\u4fa1\u30c1\u30e3\u30fc\u30c8\uff1a<a href=\"https:\/\/finance-gfp.com\/?p=3774\" target=\"_blank\" rel=\"noopener noreferrer\">\u65b0\u8208\u56fd\u682a\u5f0f\u5e02\u5834(\u4e2d\u56fd\uff65\u30a4\u30f3\u30c9\uff65\u30d6\u30e9\u30b8\u30eb\uff65\u30ed\u30b7\u30a2)\u306e\u9577\u671f\u63a8\u79fb<\/a><\/li>\n<li>\u65b0\u8208\u56fd\u682a\u5f0f\u306e\u5206\u6790\u306e\u30dd\u30a4\u30f3\u30c8\uff1a<a href=\"https:\/\/finance-gfp.com\/?p=1488\" target=\"_blank\" rel=\"noopener noreferrer\">\u30d4\u30af\u30c6\u65b0\u8208\u56fd\u30a4\u30f3\u30ab\u30e0\u682a\u5f0f\u30d5\u30a1\u30f3\u30c9\/\u65b0\u8208\u56fd\u682a\u5f0f\u306e\u30dd\u30a4\u30f3\u30c8<\/a><\/li>\n<li>\u5148\u9032\u56fd\u682a\u5f0f\u30fb\u65b0\u8208\u56fd\u682a\u5f0f\u306eETF\uff1a<a href=\"https:\/\/finance-gfp.com\/?p=7875\" target=\"_blank\" rel=\"noopener noreferrer\">\u65e5\u672c\u304b\u3089\u8cb7\u3048\u308b\u4ee3\u8868\u7684ETF \/ ETF\u3067\u56fd\u969b\u5206\u6563\u6295\u8cc7<\/a><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>\u3053\u3061\u3089\u306e\u30da\u30fc\u30b8\u3067\u306f\u300c\u5148\u9032\u56fd\u300d\u300c\u65b0\u8208\u56fd\u300d\u306e\u300c\u4e88\u60f3PER\u300d\u300c\u5b9f\u7e3ePBR\u300d\u306e\u63a8\u79fb\u3092\u63b2\u8f09\u3057\u3066\u3044\u307e\u3059\u3002 \u5148\u9032\u56fd &#8230; <\/p>\n","protected":false},"author":1,"featured_media":23769,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[45],"tags":[],"class_list":["post-8288","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-45"],"_links":{"self":[{"href":"https:\/\/finance-gfp.com\/index.php?rest_route=\/wp\/v2\/posts\/8288","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/finance-gfp.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/finance-gfp.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/finance-gfp.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/finance-gfp.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=8288"}],"version-history":[{"count":3,"href":"https:\/\/finance-gfp.com\/index.php?rest_route=\/wp\/v2\/posts\/8288\/revisions"}],"predecessor-version":[{"id":23774,"href":"https:\/\/finance-gfp.com\/index.php?rest_route=\/wp\/v2\/posts\/8288\/revisions\/23774"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/finance-gfp.com\/index.php?rest_route=\/wp\/v2\/media\/23769"}],"wp:attachment":[{"href":"https:\/\/finance-gfp.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=8288"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/finance-gfp.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=8288"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/finance-gfp.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=8288"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}