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电路板指数动态PEBand(PETTM)
电路板指数动态PEBand(PETTM)
行业数据
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电子行业当前PCB观点:投资锚点是业绩印证和技术迭代而非格局和估值-250908(16页).pdf
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截至本周五,国防军工(申万)PETTM表现
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行业数据
2026-07-20
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韩国电路板和存储PPI
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行业数据
2026-07-06
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印制电路板行业上下游产业链
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产业链
2026-07-01
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中国台湾印制电路板CP值(覆铜板/PCB制造)
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行业数据
2026-05-28
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SW印制电路板PE-BAND(TTM)
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行业数据
2026-05-28
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图、家电成长品类重点个股(,倍)4PETTM
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行业数据
2026-05-11
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图38长江电力PEBand(TTM)
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行业数据
2026-04-02
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图表12海科航空PETTM(截至2026/3/27)
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行业数据
2026-03-31
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中国能建历史PEBand
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行业数据
2026-03-05
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图2-17中国印制电路板PCB市场规模(2021-2025,亿美元)
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自研数据
2026-03-02
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图2-21中国印制电路板PCB消费地区分布(2021-2025)
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自研数据
2026-03-02
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图4-15华中地区印制电路板PCB历史产值(2021-2025,亿美元)
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自研数据
2026-03-02
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表2-1印制电路板PCB行业主要政策汇总
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2026-03-02
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图8-2中国印制电路板PCB需求预测 (2025-2030,亿美元)
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2026-03-02
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图4-1中国印制电路板PCB主要地理分区生产份额 (2021-2025)
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2026-03-02
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最新数据
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2026-07-30
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2026-07-30
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2026-07-30
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2026-07-30
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2026-07-30
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对比 PEG 来看,本轮 AI PCB 核心标的 PEG 水平低于 5G PCB 核心标的的 PEG 水平,这意味着当前 PE 是否合理的判断是需要结合行业边际增长趋势的;同时我们认为估值高低的判断需要结合 ROE 水平,从 AI PCB 核心标的 23Q1~25Q2 的 ROE 情况可以看出行业的盈利水平在快速拔升,并且对比 5G PCB 核心标的在 18Q3~20Q2 期间的 ROE 水平,可以看出本轮PCB 行业的 ROE 高点已超过 5G 轮的高点(胜宏科技 ROE 高至 12%,5G 轮最高 ROE 水平为深南电路在 19Q3 实现的 9%),如若后续边际趋势继续利好,那么当前估值就是合理的。
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电子行业当前PCB观点:投资锚点是业绩印证和技术迭代而非格局和估值-250908(16页).pdf
2026年 PCB行业报告:业绩印证与技术迭代,格局估值与需求趋势前瞻|国金证券
归母净利YoY≥30%的PCB公司数量比例
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