{"id":3547,"date":"2021-08-07T13:43:04","date_gmt":"2021-08-07T05:43:04","guid":{"rendered":"https:\/\/ia957.com\/?p=3547"},"modified":"2026-09-26T14:11:27","modified_gmt":"2026-09-26T06:11:27","slug":"%e5%a4%a7%e7%9b%a4pb%e6%af%94-templeton-%e5%8f%b0%e8%82%a1","status":"publish","type":"post","link":"https:\/\/ia957.com\/en_us\/%e5%a4%a7%e7%9b%a4pb%e6%af%94-templeton-%e5%8f%b0%e8%82%a1\/","title":{"rendered":"\u53f0\u80a1\u5927\u76e4 PB \u600e\u9ebc\u770b\uff1f\u5b98\u65b9\u8cc7\u6599\u3001\u6b77\u53f2\u5340\u9593\u8207\u56de\u6e2c\u9650\u5236"},"content":{"rendered":"<p class=\"wp-block-paragraph\">\u5927\u76e4\u80a1\u50f9\u6de8\u503c\u6bd4\uff08PB\uff0fPBR\uff09\u53ef\u4ee5\u62ff\u4f86\u89c0\u5bdf\u5e02\u5834\u4f30\u503c\uff0c\u4f46\u4e0d\u80fd\u76f4\u63a5\u8b8a\u6210\u300c\u4f4e\u65bc\u67d0\u6578\u5b57\u5c31\u8cb7\u3001\u9ad8\u65bc\u67d0\u6578\u5b57\u5c31\u8ce3\u300d\u7684\u7372\u5229\u516c\u5f0f\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u9019\u7bc7\u4fdd\u7559 A957 \u904e\u53bb\u7528 PB \u505a\u5e02\u5834\u5340\u9593\u7814\u7a76\u7684\u601d\u8def\uff0c\u4f46\u628a\u820a\u7248\u300c\u81ea\u52d5\u4f4e\u8cb7\u9ad8\u8ce3\u7372\u5229\u300d\u9019\u985e\u904e\u5ea6\u78ba\u5b9a\u7684\u8aaa\u6cd5\u79fb\u9664\u3002<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">\u5148\u770b\u767d\u8a71\u7248<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>PB \u6bd4\u8f03\u50cf\u5e02\u5834\u4f30\u503c\u6eab\u5ea6\u8a08\uff0c\u4e0d\u662f\u81ea\u52d5\u8cb7\u8ce3\u958b\u95dc\u3002<\/strong><\/p>\n\n\n\n<h3 class=\"wp-block-heading\">30 \u79d2\u91cd\u9ede<\/h3>\n\n\n\n<ol class=\"wp-block-list\">\n<li>PB \u4f4e\uff0c\u4e0d\u4ee3\u8868\u99ac\u4e0a\u6703\u6f32\u3002<\/li>\n<li>PB \u9ad8\uff0c\u4e5f\u4e0d\u4ee3\u8868\u99ac\u4e0a\u6703\u8dcc\u3002<\/li>\n<li>\u5e02\u5834\u7522\u696d\u7d50\u69cb\u6539\u8b8a\uff0c\u6b77\u53f2 PB \u4e2d\u6a1e\u4e5f\u53ef\u80fd\u6539\u8b8a\u3002<\/li>\n<li>\u771f\u6b63\u8981\u7528 PB \u505a\u7b56\u7565\uff0c\u5fc5\u9808\u5148\u5b9a\u898f\u5247\u518d\u505a point-in-time \u56de\u6e2c\u3002<\/li>\n<\/ol>\n\n\n\n<h2 class=\"wp-block-heading\">PB \u662f\u4ec0\u9ebc<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">\u80a1\u50f9\u6de8\u503c\u6bd4\uff1a<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>PB = \u80a1\u50f9 \u00f7 \u6bcf\u80a1\u6de8\u503c<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u5c0d\u500b\u80a1\u4f86\u8aaa\uff0c\u5b83\u662f\u5728\u770b\u5e02\u5834\u50f9\u683c\u76f8\u5c0d\u5e33\u9762\u6de8\u503c\u7684\u500d\u6578\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u8b49\u4ea4\u6240\u76ee\u524d\u4ecd\u63d0\u4f9b\u4e0a\u5e02\u500b\u80a1\u6bcf\u65e5\u7684\u672c\u76ca\u6bd4\u3001\u6b96\u5229\u7387\u8207\u80a1\u50f9\u6de8\u503c\u6bd4\u8cc7\u6599\uff0c\u4e26\u8aaa\u660e PB \u4f7f\u7528\u6700\u8fd1\u4e00\u671f\u516c\u958b\u8ca1\u5831\u7684\u6bcf\u80a1\u53c3\u8003\u6de8\u503c\u8a08\u7b97\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/www.twse.com.tw\/exchangeReport\/BWIBBU_d?response=html\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">\u8b49\u4ea4\u6240\uff5c\u672c\u76ca\u6bd4\u3001\u6b96\u5229\u7387\u53ca\u80a1\u50f9\u6de8\u503c\u6bd4<\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u5e02\u5834\u5c64\u7d1a\u8cc7\u6599\u5247\u53ef\u5f9e\u8b49\u4ea4\u6240\u5e02\u5834\u7d71\u8a08\uff0f\u6708\u5831\u53d6\u5f97\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/www.twse.com.tw\/zh\/trading\/statistics\/index02.html\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">\u8b49\u4ea4\u6240\uff5c\u5e02\u5834\u4ea4\u6613\u6708\u5831<\/a><\/p>\n\n\n\n<h2 class=\"wp-block-heading\">\u70ba\u4ec0\u9ebc\u56fa\u5b9a PB \u5340\u9593\u4e0d\u597d\u7528<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">\u300cPB 1.4 \u500d\u4ee5\u4e0b\u4fbf\u5b9c\u30011.8 \u500d\u4ee5\u4e0a\u6602\u8cb4\u300d\u9019\u985e\u56fa\u5b9a\u6578\u5b57\uff0c\u770b\u8d77\u4f86\u7c21\u55ae\uff0c\u4f46\u5e02\u5834\u7d50\u69cb\u6703\u6539\u8b8a\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u4f8b\u5982\uff1a<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u7522\u696d\u6b0a\u91cd\u6539\u8b8a<\/li>\n<li>\u9ad8\u8cc7\u7522\u6216\u4f4e\u8cc7\u7522\u7522\u696d\u6bd4\u4f8b\u6539\u8b8a<\/li>\n<li>\u6703\u8a08\u6e96\u5247\u8207\u8cc7\u672c\u7d50\u69cb\u4e0d\u540c<\/li>\n<li>\u9ad8 ROE \u516c\u53f8\u5360\u6bd4\u63d0\u9ad8<\/li>\n<li>\u5229\u7387\u8207\u98a8\u96aa\u6ea2\u916c\u6539\u8b8a<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">\u6240\u4ee5\u4e0d\u540c\u5e74\u4ee3\u7684 PB \u4e2d\u6a1e\u53ef\u80fd\u4e0d\u4e00\u6a23\u3002<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">A957 \u820a\u6a21\u578b\uff1a\u6efe\u52d5\u5340\u9593<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">\u65e9\u671f\u7248\u672c\u4e0d\u662f\u76f4\u63a5\u4f7f\u7528\u56fa\u5b9a PB \u9580\u6abb\uff0c\u800c\u662f\u628a\u6b77\u53f2 PB \u505a\u6efe\u52d5\u7d71\u8a08\uff0c\u7528\u5e73\u5747\u503c\u8207\u6a19\u6e96\u5dee\u5efa\u7acb\u76f8\u5c0d\u9ad8\u4f4e\u5340\u9593\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u7576\u6642\u4e5f\u5617\u8a66\u904e 3.5 \u5e74\u7b49\u89c0\u5bdf\u7a97\u53e3\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u9019\u500b\u60f3\u6cd5\u53ef\u4ee5\u4fdd\u7559\uff0c\u4f46\u73fe\u5728\u53ea\u80fd\u53eb\uff1a<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>\u7814\u7a76\u5047\u8a2d\u3002<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u4e0d\u80fd\u56e0\u70ba\u820a\u5716\u770b\u8d77\u4f86\u300c\u4f4e\u5340\u5bb9\u6613\u53cd\u5f48\u3001\u9ad8\u5340\u5bb9\u6613\u4e0b\u8dcc\u300d\uff0c\u5c31\u76f4\u63a5\u8aaa\u5df2\u7d93\u8b49\u660e\u53ef\u7a69\u5b9a\u7372\u5229\u3002<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">\u5927\u76e4\u6674\u96e8\u8868\u600e\u9ebc\u7528<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">\u820a\u7248 A957 \u628a\u9019\u5957\u65b9\u6cd5\u53eb\u505a <strong>Market Barometer \u5927\u76e4\u6674\u96e8\u8868<\/strong>\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u767d\u8a71\u4f86\u8aaa\uff0c\u4e0d\u662f\u8981\u9810\u6e2c\uff1a<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>\u660e\u5929\u6703\u6f32\u9084\u662f\u6703\u8dcc\uff1f<\/p><\/blockquote>\n\n\n\n<p class=\"wp-block-paragraph\">\u800c\u662f\u56de\u7b54\u53e6\u4e00\u500b\u554f\u984c\uff1a<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>\u73fe\u5728\u6574\u9ad4\u5e02\u5834\u4f30\u503c\uff0c\u76f8\u5c0d\u81ea\u5df1\u7684\u6b77\u53f2\u5340\u9593\uff0c\u504f\u4f4e\u3001\u6b63\u5e38\uff0c\u9084\u662f\u504f\u9ad8\uff1f<\/p><\/blockquote>\n\n\n\n<p class=\"wp-block-paragraph\">\u63a5\u8457\u628a\u9019\u500b\u7b54\u6848\u7528\u5728 <strong>\u8cc7\u91d1\u914d\u7f6e<\/strong>\uff0c\u4e0d\u662f\u76f4\u63a5\u62ff\u4f86\u7576\u8cb7\u8ce3\u8a0a\u865f\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">\u4f7f\u7528\u6b65\u9a5f 1\uff1a\u56fa\u5b9a\u66f4\u65b0\u983b\u7387<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">PB \u5c6c\u65bc\u4f30\u503c\u8cc7\u6599\uff0c\u4e0d\u9700\u8981\u6bcf\u5929\u770b\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u6bd4\u8f03\u9069\u5408\u56fa\u5b9a\uff1a<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u6bcf\u6708\u4e00\u6b21<\/li>\n<li>\u6216\u6bcf\u5b63\u4e00\u6b21<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">\u7528\u76f8\u540c\u8cc7\u6599\u4f86\u6e90\u3001\u76f8\u540c\u8a08\u7b97\u65b9\u5f0f\u66f4\u65b0\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u4e0d\u8981\u4eca\u5929\u770b PB\u3001\u660e\u5929\u770b\u65b0\u805e\u3001\u5f8c\u5929\u6539\u7528\u672c\u76ca\u6bd4\uff0c\u6700\u5f8c\u6bcf\u6b21\u90fd\u63db\u898f\u5247\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">\u4f7f\u7528\u6b65\u9a5f 2\uff1a\u5efa\u7acb\u81ea\u5df1\u7684\u6b77\u53f2\u5340\u9593<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">\u4f8b\u5982\u5148\u53d6\u4e00\u6bb5\u56fa\u5b9a\u6b77\u53f2\u7a97\u53e3\uff0c\u8a08\u7b97\uff1a<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u5e73\u5747 PB<\/li>\n<li>\u6a19\u6e96\u5dee<\/li>\n<li>\u76f8\u5c0d\u9ad8\u4f4e\u4f4d\u7f6e<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">\u820a\u7248 A957 \u66fe\u4f7f\u7528\u7d04 3.5 \u5e74\u6efe\u52d5\u7a97\u53e3\uff0c\u4e26\u628a\u5340\u9593\u5207\u6210\u591a\u500b\u5c64\u7d1a\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u9019\u500b 3.5 \u5e74\u4e0d\u662f\u300c\u6700\u4f73\u53c3\u6578\u300d\uff0c\u53ea\u662f\u7576\u6642\u7684\u7814\u7a76\u8a2d\u5b9a\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u5982\u679c\u8981\u91cd\u65b0\u4f7f\u7528\uff0c\u61c9\u5148\u6e2c\u8a66\u4e0d\u540c\u671f\u9593\uff0c\u78ba\u8a8d\u7d50\u679c\u5c0d\u53c3\u6578\u662f\u5426\u904e\u5ea6\u654f\u611f\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">\u4f7f\u7528\u6b65\u9a5f 3\uff1a\u628a\u5340\u9593\u8b8a\u6210\u914d\u7f6e\u898f\u5247<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">\u6700\u7c21\u55ae\u53ef\u4ee5\u5148\u5206\u6210\u4e94\u5340\uff1a<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><thead><tr><th>PB \u76f8\u5c0d\u4f4d\u7f6e<\/th><th>\u7814\u7a76\u4e0a\u7684\u89e3\u8b80<\/th><th>\u914d\u7f6e\u52d5\u4f5c\u793a\u4f8b<\/th><\/tr><\/thead><tbody><tr><td>\u5f88\u4f4e<\/td><td>\u76f8\u5c0d\u6b77\u53f2\u504f\u4f4e<\/td><td>\u80a1\u7968\u914d\u7f6e\u53ef\u9ad8\u65bc\u81ea\u5df1\u7684\u4e2d\u6027\u57fa\u6e96<\/td><\/tr><tr><td>\u504f\u4f4e<\/td><td>\u4f30\u503c\u8f03\u4fbf\u5b9c<\/td><td>\u5c0f\u5e45\u63d0\u9ad8\u80a1\u7968\u914d\u7f6e<\/td><\/tr><tr><td>\u4e2d\u6027<\/td><td>\u63a5\u8fd1\u6b77\u53f2\u5e38\u614b<\/td><td>\u7dad\u6301\u57fa\u6e96\u914d\u7f6e<\/td><\/tr><tr><td>\u504f\u9ad8<\/td><td>\u4f30\u503c\u8f03\u8cb4<\/td><td>\u5c0f\u5e45\u964d\u4f4e\u80a1\u7968\u914d\u7f6e<\/td><\/tr><tr><td>\u5f88\u9ad8<\/td><td>\u76f8\u5c0d\u6b77\u53f2\u504f\u9ad8<\/td><td>\u63d0\u9ad8\u73fe\u91d1\u6bd4\u7387\u3001\u964d\u4f4e\u65b0\u6295\u5165\u901f\u5ea6<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">\u9019\u88e1\u7684\u91cd\u9ede\u662f <strong>\u9010\u6b65\u8abf\u6574<\/strong>\uff0c\u4e0d\u662f\uff1a<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>\u4e00\u9032\u4f4e\u4f30\u5340\u5c31\u6eff\u5009\uff0c\u4e00\u9032\u9ad8\u4f30\u5340\u5c31\u6e05\u5009\u3002<\/p><\/blockquote>\n\n\n\n<h3 class=\"wp-block-heading\">A957 \u820a\u7248\u7684 60% \u8a08\u756b\u600e\u9ebc\u7406\u89e3<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">\u820a\u7248\u66fe\u7528\u904e\u985e\u4f3c\u300c60% \u4e2d\u6027\u80a1\u7968\u90e8\u4f4d\u300d\u7684\u6982\u5ff5\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u53ef\u4ee5\u628a\u5b83\u7406\u89e3\u6210\u4e00\u500b\u7814\u7a76\u793a\u4f8b\uff1a<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u4e2d\u6027\u5340\uff1a\u7dad\u6301\u81ea\u5df1\u7684\u57fa\u6e96\u90e8\u4f4d<\/li>\n<li>\u8d8a\u5f80\u4f4e\u4f30\u5340\uff1a\u9010\u6b65\u589e\u52a0\u80a1\u7968\u6bd4\u91cd<\/li>\n<li>\u8d8a\u5f80\u9ad8\u4f30\u5340\uff1a\u9010\u6b65\u63d0\u9ad8\u73fe\u91d1\u6bd4\u91cd<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">\u4f8b\u5982\u7814\u7a76\u6642\u53ef\u4ee5\u628a 60% \u7576\u4f5c <strong>\u4e2d\u6027\u57fa\u6e96<\/strong>\uff0c\u518d\u7528\u56fa\u5b9a\u5c0f\u5e45\u5ea6\u4e0a\u4e0b\u8abf\u6574\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u4f46 60% \u4e26\u4e0d\u662f\u6bcf\u500b\u4eba\u7684\u6b63\u78ba\u6301\u80a1\u6bd4\u4f8b\uff0c\u4e5f\u4e0d\u662f\u7d93\u904e\u5b8c\u6574\u9a57\u8b49\u5f8c\u7684\u6700\u4f73\u53c3\u6578\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u771f\u6b63\u8981\u7528\u5728\u7b56\u7565\u4e0a\uff0c\u9084\u662f\u8981\u628a\uff1a<\/p>\n\n\n\n<ul 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