{"id":18164,"date":"2026-02-02T11:33:07","date_gmt":"2026-02-02T02:33:07","guid":{"rendered":"https:\/\/official.gfs.tokyo\/blog\/?p=18164"},"modified":"2026-03-04T11:49:28","modified_gmt":"2026-03-04T02:49:28","slug":"ue-consequence-per-pbr-roe","status":"publish","type":"post","link":"https:\/\/official.gfs.tokyo\/blog\/ue-consequence-per-pbr-roe","title":{"rendered":"\u682a\u3067\u7d76\u5bfe\u306b\u899a\u3048\u3066\u304a\u304f\u3079\u304dPER\u30fbPBR\u30fbROE\u306e\u95a2\u4fc2\u6027\uff5c\u3053\u306e3\u3064\u304c\u5206\u304b\u3089\u306a\u3044\u4eba\u306f\u4e00\u751f\u52dd\u3066\u307e\u305b\u3093"},"content":{"rendered":"<div _ngcontent-ng-c21568069=\"\" inline-copy-host=\"\" class=\"markdown markdown-main-panel stronger enable-updated-hr-color\" id=\"model-response-message-contentr_ff255a3d5543f9cd\" aria-live=\"polite\" aria-busy=\"false\" dir=\"ltr\">\n<h2><b>\u682a\u3067\u7d76\u5bfe\u899a\u3048\u3066\u304a\u3044\u305f\u65b9\u304c\u3044\u3044PER\uff0fPBR\uff0fROE\u306e\u95a2\u4fc2\u6027<\/b><\/h2>\n<p>\u3053\u306e3\u3064\u304c\u5206\u304b\u3089\u306a\u3044\u4eba\u306f\u4e00\u751f\u52dd\u3066\u307e\u305b\u3093\u3002<\/p>\n<p class=\"p1\">\u2015\u2015\u300c\u306a\u3093\u3068\u306a\u304f\u6307\u6a19\u300d\u304b\u3089\u5352\u696d\u3059\u308b\u305f\u3081\u306e\u5b8c\u5168\u30ac\u30a4\u30c9<\/p>\n<\/div>\n<p><img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2026\/02\/\u30b9\u30af\u30ea\u30fc\u30f3\u30b7\u30e7\u30c3\u30c8-2026-02-02-11.28.03-300x249.png\" alt=\"\" width=\"300\" height=\"249\" class=\"size-medium wp-image-18205 aligncenter\" srcset=\"https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2026\/02\/\u30b9\u30af\u30ea\u30fc\u30f3\u30b7\u30e7\u30c3\u30c8-2026-02-02-11.28.03-300x249.png 300w, https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2026\/02\/\u30b9\u30af\u30ea\u30fc\u30f3\u30b7\u30e7\u30c3\u30c8-2026-02-02-11.28.03-1024x849.png 1024w, https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2026\/02\/\u30b9\u30af\u30ea\u30fc\u30f3\u30b7\u30e7\u30c3\u30c8-2026-02-02-11.28.03-768x637.png 768w, https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2026\/02\/\u30b9\u30af\u30ea\u30fc\u30f3\u30b7\u30e7\u30c3\u30c8-2026-02-02-11.28.03.png 1054w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><\/p>\n<div _ngcontent-ng-c21568069=\"\" inline-copy-host=\"\" class=\"markdown markdown-main-panel stronger enable-updated-hr-color\" id=\"model-response-message-contentr_ff255a3d5543f9cd\" aria-live=\"polite\" aria-busy=\"false\" dir=\"ltr\">\n<p class=\"p1\">\u682a\u5f0f\u6295\u8cc7\u3092\u59cb\u3081\u308b\u3068\u3001\u307b\u307c100\uff05\u306e\u78ba\u7387\u3067\u51fa\u3066\u304f\u308b\u8a00\u8449\u304c\u3042\u308a\u307e\u3059\u3002<\/p>\n<p class=\"p1\"><strong>PER\u304c\u4f4e\u3044\uff1d\u5272\u5b89\u3002<\/strong><\/p>\n<p class=\"p1\"><strong>PBR\u304c1\u500d\u4ee5\u4e0b\uff1d\u304a\u8cb7\u3044\u5f97\u3002<\/strong><\/p>\n<p class=\"p1\"><strong>ROE\u304c\u9ad8\u3044\uff1d\u512a\u826f\u4f01\u696d\u3002<\/strong><\/p>\n<p class=\"p1\">\u3082\u3057\u3042\u306a\u305f\u304c\u3001\u3053\u3093\u306a\u7406\u89e3\u306e\u307e\u307e\u682a\u3092\u8cb7\u3063\u3066\u3044\u308b\u306a\u3089\u2015\u2015<\/p>\n<p class=\"p1\"><b>\u304b\u306a\u308a\u5371\u967a\u3067\u3059\u3002<\/b><\/p>\n<p class=\"p1\">\u5b9f\u306fPER\u30fbPBR\u30fbROE\u306f\u3001\u305d\u308c\u305e\u308c\u5358\u72ec\u3067\u898b\u308b\u6307\u6a19\u3067\u306f\u3042\u308a\u307e\u305b\u3093\u3002<\/p>\n<p class=\"p1\">**3\u3064\u306f\u5fc5\u305a\u30bb\u30c3\u30c8\u3067\u898b\u308b\u3079\u304d\u300c\u95a2\u4fc2\u6027\u306e\u3042\u308b\u6570\u5b57\u300d**\u3067\u3042\u308a\u3001\u3053\u306e\u95a2\u4fc2\u3092\u7406\u89e3\u3057\u3066\u3044\u306a\u3044\u3068\u3001<\/p>\n<p class=\"p1\">\u30fb\u300c\u5272\u5b89\u3060\u3068\u601d\u3063\u3066\u8cb7\u3063\u305f\u306e\u306b\u682a\u4fa1\u304c\u4e0a\u304c\u3089\u306a\u3044\u300d<\/p>\n<p class=\"p1\">\u30fb\u300c\u512a\u826f\u4f01\u696d\u306a\u306e\u306b\u305a\u3063\u3068\u542b\u307f\u640d\u300d<\/p>\n<p class=\"p1\">\u30fb\u300c\u306a\u305c\u4e0b\u304c\u308b\u306e\u304b\u7406\u7531\u304c\u5206\u304b\u3089\u306a\u3044\u300d<\/p>\n<p class=\"p1\">\u3068\u3044\u3046\u201c\u521d\u5fc3\u8005\u3042\u308b\u3042\u308b\u306e\u5931\u6557\u201d\u3092\u4f55\u5ea6\u3082\u7e70\u308a\u8fd4\u3059\u3053\u3068\u306b\u306a\u308a\u307e\u3059\u3002<\/p>\n<p class=\"p1\">\u672c\u8a18\u4e8b\u3067\u306f\u3001\u4f1a\u8a08\u3084\u91d1\u878d\u306e\u5c02\u9580\u77e5\u8b58\u304c\u306a\u304f\u3066\u3082\u7406\u89e3\u3067\u304d\u308b\u3088\u3046\u306b\u3001<\/p>\n<p class=\"p1\"><b>PER\u30fbPBR\u30fbROE\u306e\u610f\u5473 \u2192 \u6570\u5f0f \u2192 \u5b9f\u52d9\u3067\u306e\u4f7f\u3044\u65b9 \u2192 \u3088\u304f\u3042\u308b\u52d8\u9055\u3044<\/b>\u307e\u3067\u3092\u5fb9\u5e95\u7684\u306b\u565b\u307f\u7815\u3044\u3066\u89e3\u8aac\u3057\u307e\u3059\u3002<\/p>\n<p class=\"p1\">\u6570\u5b57\u306b\u632f\u308a\u56de\u3055\u308c\u308b\u6295\u8cc7\u304b\u3089\u3001\u300c\u6839\u62e0\u3092\u6301\u3063\u3066\u5224\u65ad\u3067\u304d\u308b\u6295\u8cc7\u300d\u3078\u3002<\/p>\n<p class=\"p3\">\u305d\u306e\u7b2c\u4e00\u6b69\u3092\u3001\u3053\u3053\u304b\u3089\u59cb\u3081\u3066\u304f\u3060\u3055\u3044\u3002<\/p>\n<div class=\"attention a-1\">\n<p style=\"text-align: left;\"><img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2022\/03\/yuichiro_ichikawa.jpg\" alt=\"\u76e3\u4fee\u8005\uff1a\u5e02\u5ddd\u96c4\u4e00\u90ce\" width=\"110\" height=\"110\" class=\"wp-image-2102 alignnone\" srcset=\"https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2022\/03\/yuichiro_ichikawa.jpg 700w, https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2022\/03\/yuichiro_ichikawa-300x300.jpg 300w, https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2022\/03\/yuichiro_ichikawa-150x150.jpg 150w\" sizes=\"(max-width: 110px) 100vw, 110px\" \/>\u3000<strong>\u76e3\u4fee\u8005\uff1a\u5e02\u5ddd\u96c4\u4e00\u90ce\u3000<\/strong><br \/>\n<span style=\"font-size: 10pt;\"><a href=\"https:\/\/official.gfs.tokyo\/\">GFS<\/a>\u6821\u9577\u3002CFP\u00ae\u30021\u7d1a\u30d5\u30a1\u30a4\u30ca\u30f3\u30b7\u30e3\u30eb\u30fb\u30d7\u30e9\u30f3\u30cb\u30f3\u30b0\u6280\u80fd\u58eb(\u8cc7\u7523\u8a2d\u8a08\u63d0\u6848\u696d\u52d9)\u3002<a href=\"https:\/\/www.jafp.or.jp\/\">\u65e5\u672cFP\u5354\u4f1a<\/a>\u4f1a\u54e1\u3002\u65e5\u672cFP\u5b66\u4f1a\u4f1a\u54e1\u3002\u00a0<a href=\"https:\/\/mba.globis.ac.jp\/\">\u30b0\u30ed\u30fc\u30d3\u30b9\u7d4c\u55b6\u5927\u5b66\u9662<\/a>\u4fee\u4e86(MBA\/\u7d4c\u55b6\u5b66\u4fee\u58eb)\u3002<\/span><br \/>\n<span style=\"font-size: 10pt;\">\u65e5\u672c\u306eFP\u306e\u5148\u99c6\u8005\u3068\u3057\u3066\u8cc7\u7523\u904b\u7528\u306e\u5553\u8499\u306b\u5f93\u4e8b\u3002\u30bd\u30d5\u30c8\u30d0\u30f3\u30af\u30b0\u30eb\u30fc\u30d7\u304c\u5275\u8a2d\u3057\u305f\u79c1\u7acb<a href=\"https:\/\/www.cyber-u.ac.jp\/teacher\/ichikawa_yuichiro.html\">\u30b5\u30a4\u30d0\u30fc\u5927\u5b66<\/a>\u3067\u6559\u97ad\u3092\u57f7\u308b\u307b\u304b\u3001\u8b1b\u6f14\u4f9d\u983c\u3001\u30e1\u30c7\u30a3\u30a2\u51fa\u6f14\u3082\u591a\u6570\u3002\u8457\u66f8\u306b<a href=\"https:\/\/www.amazon.co.jp\/%E6%8A%95%E8%B3%87%E3%81%A7%E5%88%A9%E7%9B%8A%E3%82%92%E5%87%BA%E3%81%97%E3%81%A6%E3%81%84%E3%82%8B%E4%BA%BA%E3%81%9F%E3%81%A1%E3%81%8C%E5%A4%A7%E4%BA%8B%E3%81%AB%E3%81%97%E3%81%A6%E3%81%84%E3%82%8B-45%E3%81%AE%E6%95%99%E3%81%88-%E5%B8%82%E5%B7%9D-%E9%9B%84%E4%B8%80%E9%83%8E\/dp\/4532358825\">\u300c\u6295\u8cc7\u3067\u5229\u76ca\u3092\u51fa\u3057\u3066\u3044\u308b\u4eba\u305f\u3061\u304c\u5927\u4e8b\u306b\u3057\u3066\u3044\u308b 45\u306e\u6559\u3048\u300d\uff08\u65e5\u672c\u7d4c\u6e08\u65b0\u805e\u51fa\u7248\uff09<\/a><\/span><\/p>\n<p style=\"text-align: left;\"><span style=\"font-size: 10pt;\">\u516c\u5f0fX \u30a2\u30ab\u30a6\u30f3\u30c8\u3000<a href=\"https:\/\/twitter.com\/ichikawa_toushi\">\u5e02\u5ddd\u96c4\u4e00\u90ce@\u304a\u91d1\u306e\u5b66\u6821 \u6821\u9577<\/a><\/span><\/p>\n<\/div>\n<hr \/>\n<h2><b>\u305d\u3082\u305d\u3082PER\u30fbPBR\u30fbROE\u3068\u306f\u4f55\u8005\u306a\u306e\u304b\uff1f<\/b><\/h2>\n<p class=\"p1\">\u307e\u305a\u306f\u8d85\u3056\u3063\u304f\u308a\u5168\u4f53\u50cf\u304b\u3089\u3002<\/p>\n<table>\n<thead>\n<tr>\n<th>\n<p class=\"p1\"><b>\u6307\u6a19<\/b><\/p>\n<\/th>\n<th>\n<p class=\"p1\"><b>\u4e00\u8a00\u3067\u3044\u3046\u3068<\/b><\/p>\n<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>\n<p class=\"p1\">PER<\/p>\n<\/td>\n<td>\n<p class=\"p1\">\u5229\u76ca\u306b\u5bfe\u3057\u3066\u682a\u4fa1\u304c\u9ad8\u3044\u304b\u5b89\u3044\u304b<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td>\n<p class=\"p1\">PBR<\/p>\n<\/td>\n<td>\n<p class=\"p1\">\u4f1a\u793e\u306e\u8cc7\u7523\u306b\u5bfe\u3057\u3066\u682a\u4fa1\u304c\u9ad8\u3044\u304b\u5b89\u3044\u304b<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td>\n<p class=\"p1\">ROE<\/p>\n<\/td>\n<td>\n<p class=\"p1\">\u4f1a\u793e\u304c\u3069\u308c\u3060\u3051\u52b9\u7387\u3088\u304f\u7a3c\u3044\u3067\u3044\u308b\u304b<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p class=\"p1\">\u3053\u3053\u3067\u91cd\u8981\u306a\u306e\u306f\u3001<\/p>\n<p class=\"p2\"><b>PER\u3068PBR\u306f\u300c\u682a\u4fa1\u3092\u898b\u308b\u6307\u6a19\u300d<\/b><\/p>\n<p class=\"p2\"><b>ROE\u306f\u300c\u4f1a\u793e\u306e\u7a3c\u3050\u529b\u3092\u898b\u308b\u6307\u6a19\u300d<\/b><\/p>\n<p class=\"p1\">\u3068\u3044\u3046\u5f79\u5272\u306e\u9055\u3044\u3067\u3059\u3002<\/p>\n<p class=\"p1\">\u3053\u306e\u5f79\u5272\u5206\u62c5\u3092\u7406\u89e3\u3057\u306a\u3044\u307e\u307e\u6570\u5b57\u3060\u3051\u8ffd\u3046\u3068\u3001<\/p>\n<p class=\"p1\">\u300c\u5272\u5b89\u305d\u3046\u306b\u898b\u3048\u3066\u5730\u96f7\u682a\u300d\u3092\u8e0f\u307f\u629c\u304f\u3053\u3068\u306b\u306a\u308a\u307e\u3059\u3002<\/p>\n<p class=\"p3\">\n<div class=\"attention a-1\">\n<h5 class=\"p3\"><b>\u6307\u6a19\u3092\u7406\u89e3\u3057\u3066\u3082\u3001\u72ec\u5b66\u3060\u3068\u300c\u4f7f\u3044\u65b9\u300d\u3092\u9593\u9055\u3048\u308b\u4eba\u304c\u5f8c\u3092\u7d76\u3061\u307e\u305b\u3093\u3002<\/b><\/h5>\n<p class=\"p3\">\u30fb\u3069\u306e\u696d\u754c\u3067PER\u3092\u3069\u3046\u898b\u308b\u306e\u304b<\/p>\n<p class=\"p3\">\u30fbROE\u306f\u4f55\uff05\u3042\u308c\u3070\u5408\u683c\u306a\u306e\u304b<\/p>\n<p class=\"p3\">\u30fbPBR1\u500d\u5272\u308c\u306f\u672c\u5f53\u306b\u5272\u5b89\u306a\u306e\u304b<span class=\"s1\">\u3053\u3046\u3057\u305f\u5224\u65ad\u57fa\u6e96\u306f\u3001<\/span><b>\u4f53\u7cfb\u7684\u306b\u5b66\u3070\u306a\u3044\u3068\u8eab\u306b\u3064\u304b\u306a\u3044\u90e8\u5206<\/b><span class=\"s1\">\u3067\u3059\u3002<\/span><\/p>\n<p class=\"p3\"><span style=\"color: #0066c0;\"><a href=\"https:\/\/toushi-up.com\/ow\/05.html?utm_source=article&amp;utm_medium=16919&amp;utm_content=16919\" style=\"color: #0066c0;\">\u226b\u7121\u6599\u3067\u8cc7\u7523\u5f62\u6210\u3092\u5b66\u7fd2\u3067\u304d\u308b\u30aa\u30f3\u30e9\u30a4\u30f3\u30bb\u30df\u30ca\u30fc\u306f\u3053\u3061\u3089<\/a><\/span><\/p>\n<\/div>\n<hr \/>\n<h2><b>PER\uff08\u682a\u4fa1\u53ce\u76ca\u7387\uff09\u3092\u6b63\u3057\u304f\u7406\u89e3\u3059\u308b<\/b><\/h2>\n<h3><b>PER\u3068\u306f\u4f55\u304b\uff1f<\/b><\/h3>\n<p class=\"p1\">PER\uff08Price Earnings Ratio\uff09\u3068\u306f\u3001<\/p>\n<blockquote>\n<p><b>\u682a\u4fa1\u304c\u3001\u305d\u306e\u4f1a\u793e\u306e\u5229\u76ca\u306e\u4f55\u5e74\u5206\u307e\u3067\u8cb7\u308f\u308c\u3066\u3044\u308b\u304b<\/b><\/p>\n<\/blockquote>\n<p class=\"p1\">\u3092\u8868\u3059\u6307\u6a19\u3067\u3059\u3002<\/p>\n<p class=\"p1\">\u8a08\u7b97\u5f0f\u306f\u3053\u3046\u3067\u3059\u3002<\/p>\n<pre><code>PER = \u682a\u4fa1 \u00f7 1\u682a\u3042\u305f\u308a\u5229\u76ca\uff08EPS\uff09<\/code><\/pre>\n<p class=\"p1\">\u305f\u3068\u3048\u3070\u3001<\/p>\n<ul>\n<li>\n<p class=\"p1\">\u682a\u4fa1\uff1a1,000\u5186<\/p>\n<\/li>\n<li>\n<p class=\"p1\">EPS\uff1a100\u5186<\/p>\n<\/li>\n<\/ul>\n<p class=\"p1\">\u3053\u306e\u5834\u5408\u3001<\/p>\n<pre><code>PER = 1,000 \u00f7 100 = 10\u500d<\/code><\/pre>\n<p class=\"p1\">\u3064\u307e\u308a\u3001<\/p>\n<blockquote>\n<p>\u300c\u4eca\u306e\u5229\u76ca\u304c\u4eca\u5f8c\u3082\u7d9a\u304f\u3068\u4eee\u5b9a\u3057\u305f\u5834\u5408\u300110\u5e74\u5206\u306e\u5229\u76ca\u3092\u5148\u6255\u3044\u3057\u3066\u682a\u3092\u8cb7\u3063\u3066\u3044\u308b\u300d<\/p>\n<\/blockquote>\n<p class=\"p1\">\u3068\u3044\u3046\u610f\u5473\u306b\u306a\u308a\u307e\u3059\u3002<\/p>\n<hr \/>\n<h3><b>PER\u304c\u4f4e\u3044\uff1d\u5272\u5b89\u3001\u306f\u534a\u5206\u6b63\u89e3\u3067\u534a\u5206\u9593\u9055\u3044<\/b><\/h3>\n<p class=\"p1\">\u3088\u304f\u3042\u308b\u8aac\u660e\u306f\u3053\u3046\u3067\u3059\u3002<\/p>\n<ul>\n<li>\n<p class=\"p1\">PER\u304c\u4f4e\u3044 \u2192 \u5272\u5b89<\/p>\n<\/li>\n<li>\n<p class=\"p1\">PER\u304c\u9ad8\u3044 \u2192 \u5272\u9ad8<\/p>\n<\/li>\n<\/ul>\n<p class=\"p5\"><span class=\"s2\">\u3053\u308c\u306f<\/span><b>\u6559\u79d1\u66f8\u7684\u306b\u306f\u6b63\u3057\u3044<\/b><span class=\"s2\">\u3067\u3059\u304c\u3001<\/span><\/p>\n<p class=\"p5\"><span class=\"s2\">\u5b9f\u52d9\u3067\u306f<\/span><b>\u304b\u306a\u308a\u5371\u967a\u306a\u8003\u3048\u65b9<\/b><span class=\"s2\">\u3067\u3059\u3002<\/span><\/p>\n<p class=\"p1\">\u306a\u305c\u306a\u3089\u3001PER\u306f<\/p>\n<ul>\n<li>\n<p class=\"p1\">\u5229\u76ca\u304c\u4e00\u6642\u7684\u306b\u5897\u3048\u3066\u3082\u4e0b\u304c\u308b<\/p>\n<\/li>\n<li>\n<p class=\"p1\">\u5229\u76ca\u304c\u4e00\u6642\u7684\u306b\u6e1b\u3063\u3066\u3082\u4e0a\u304c\u308b<\/p>\n<\/li>\n<\/ul>\n<p class=\"p1\">\u3068\u3044\u3046**\u300c\u5229\u76ca\u306e\u30d6\u30ec\u300d\u306b\u6975\u7aef\u306b\u5f31\u3044\u6307\u6a19**\u3060\u304b\u3089\u3067\u3059\u3002<\/p>\n<h4><b>\u5178\u578b\u7684\u306a\u7f60<\/b><\/h4>\n<ul>\n<li>\n<p class=\"p1\">\u696d\u7e3e\u30d4\u30fc\u30af\u3067PER\u304c\u7570\u5e38\u306b\u4f4e\u3044<\/p>\n<\/li>\n<li>\n<p class=\"p1\">\u4e00\u6642\u8d64\u5b57\u3067PER\u304c\u8df3\u306d\u4e0a\u304c\u308b<\/p>\n<\/li>\n<\/ul>\n<p class=\"p1\">\u3053\u308c\u3092\u7406\u89e3\u305b\u305a\u306b\u3001<\/p>\n<blockquote>\n<p>\u300cPER5\u500d\uff01\uff1f\u8d85\u5272\u5b89\u3058\u3083\u3093\uff01\u300d<\/p>\n<\/blockquote>\n<p class=\"p1\">\u3068\u98db\u3073\u3064\u304f\u3068\u3001<\/p>\n<p class=\"p1\">\u7fcc\u5e74\u696d\u7e3e\u304c\u843d\u3061\u3066\u682a\u4fa1\u3082\u4e00\u7dd2\u306b\u6c88\u3080\u3001\u3068\u3044\u3046\u4e8b\u6545\u304c\u8d77\u304d\u307e\u3059\u3002<\/p>\n<hr \/>\n<h3><b>PER\u306f\u300c\u6210\u9577\u7387\u300d\u3068\u30bb\u30c3\u30c8\u3067\u898b\u308b<\/b><\/h3>\n<p class=\"p1\">PER\u3067\u672c\u5f53\u306b\u898b\u308b\u3079\u304d\u306a\u306e\u306f\u3001<\/p>\n<blockquote>\n<p><b>\u3053\u306e\u5229\u76ca\u306f\u3001\u3053\u308c\u304b\u3089\u3082\u4f38\u3073\u308b\u306e\u304b\uff1f<\/b><\/p>\n<\/blockquote>\n<p class=\"p1\">\u3068\u3044\u3046\u4e00\u70b9\u3067\u3059\u3002<\/p>\n<ul>\n<li>\n<p class=\"p1\">\u6210\u9577\u4f01\u696d \u2192 PER\u306f\u9ad8\u304f\u306a\u308a\u3084\u3059\u3044<\/p>\n<\/li>\n<li>\n<p class=\"p1\">\u6210\u719f\u30fb\u8870\u9000\u4f01\u696d \u2192 PER\u306f\u4f4e\u304f\u306a\u308a\u3084\u3059\u3044<\/p>\n<\/li>\n<\/ul>\n<p class=\"p1\">\u3064\u307e\u308a\u3001<\/p>\n<ul>\n<li>\n<p class=\"p1\">PER10\u500d\u3067\u3082\u6210\u9577\u30bc\u30ed\u306a\u3089\u5272\u9ad8<\/p>\n<\/li>\n<li>\n<p class=\"p1\">PER30\u500d\u3067\u3082\u5e7420\uff05\u6210\u9577\u306a\u3089\u5272\u5b89<\/p>\n<\/li>\n<\/ul>\n<p class=\"p1\">\u3068\u3044\u3046\u3053\u3068\u306f\u666e\u901a\u306b\u8d77\u3053\u308a\u307e\u3059\u3002<\/p>\n<p class=\"p1\">\u3053\u3053\u3067\u6b21\u306e\u6307\u6a19\u3001<span class=\"s3\"><b>ROE<\/b><\/span>\u304c\u52b9\u3044\u3066\u304d\u307e\u3059\u3002<\/p>\n<hr \/>\n<h2><b>ROE\uff08\u81ea\u5df1\u8cc7\u672c\u5229\u76ca\u7387\uff09\u306f\u300c\u4f1a\u793e\u306e\u5b9f\u529b\u300d\u3092\u8868\u3059<\/b><\/h2>\n<h3><b>ROE\u3068\u306f\u4f55\u304b\uff1f<\/b><\/h3>\n<p class=\"p1\">ROE\uff08Return on Equity\uff09\u306f\u3001<\/p>\n<blockquote>\n<p><b>\u682a\u4e3b\u304c\u51fa\u3057\u305f\u304a\u91d1\u3092\u4f7f\u3063\u3066\u3001\u3069\u308c\u3060\u3051\u5229\u76ca\u3092\u751f\u307f\u51fa\u3057\u3066\u3044\u308b\u304b<\/b><\/p>\n<\/blockquote>\n<p class=\"p1\">\u3092\u793a\u3059\u6307\u6a19\u3067\u3059\u3002<\/p>\n<p class=\"p1\">\u8a08\u7b97\u5f0f\u306f\u3053\u3046\u3067\u3059\u3002<\/p>\n<pre><code>ROE = \u7d14\u5229\u76ca \u00f7 \u81ea\u5df1\u8cc7\u672c<\/code><\/pre>\n<p class=\"p1\">\u8d85\u30b7\u30f3\u30d7\u30eb\u306b\u8a00\u3048\u3070\u3001<\/p>\n<ul>\n<li>\n<p class=\"p1\">ROE10\uff05 \u2192 100\u4e07\u5186\u9810\u3051\u3066\u5e7410\u4e07\u5186\u7a3c\u3050\u4f1a\u793e<\/p>\n<\/li>\n<li>\n<p class=\"p1\">ROE20\uff05 \u2192 100\u4e07\u5186\u9810\u3051\u3066\u5e7420\u4e07\u5186\u7a3c\u3050\u4f1a\u793e<\/p>\n<\/li>\n<\/ul>\n<hr \/>\n<h3><b>\u306a\u305cROE\u304c\u91cd\u8981\u306a\u306e\u304b\uff1f<\/b><\/h3>\n<p class=\"p1\">ROE\u306f\u3001<\/p>\n<ul>\n<li>\n<p class=\"p1\">\u7d4c\u55b6\u306e\u3046\u307e\u3055<\/p>\n<\/li>\n<li>\n<p class=\"p1\">\u30d3\u30b8\u30cd\u30b9\u30e2\u30c7\u30eb\u306e\u5f37\u3055<\/p>\n<\/li>\n<li>\n<p class=\"p1\">\u8cc7\u672c\u52b9\u7387\u306e\u826f\u3055<\/p>\n<\/li>\n<\/ul>\n<p class=\"p1\">\u3092\u4e00\u767a\u3067\u8868\u3057\u307e\u3059\u3002<\/p>\n<p class=\"p1\">\u3060\u304b\u3089\u30d7\u30ed\u6295\u8cc7\u5bb6\u306f\u53e3\u3092\u63c3\u3048\u3066\u8a00\u3044\u307e\u3059\u3002<\/p>\n<blockquote>\n<p><b>\u300cPER\u3092\u898b\u308b\u524d\u306bROE\u3092\u898b\u308d\u300d<\/b><\/p>\n<\/blockquote>\n<hr \/>\n<h3><b>ROE\u306e\u76ee\u5b89<\/b><\/h3>\n<p class=\"p1\">\u4e00\u822c\u7684\u306a\u76ee\u5b89\u306f\u4ee5\u4e0b\u3067\u3059\u3002<\/p>\n<table>\n<thead>\n<tr>\n<th>\n<p class=\"p1\"><b>ROE<\/b><\/p>\n<\/th>\n<th>\n<p class=\"p1\"><b>\u8a55\u4fa1<\/b><\/p>\n<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>\n<p class=\"p1\">5\uff05\u672a\u6e80<\/p>\n<\/td>\n<td>\n<p class=\"p1\">\u8981\u6ce8\u610f<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td>\n<p class=\"p1\">8\u301c10\uff05<\/p>\n<\/td>\n<td>\n<p class=\"p1\">\u5e73\u5747\u7684<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td>\n<p class=\"p1\">15\uff05\u4ee5\u4e0a<\/p>\n<\/td>\n<td>\n<p class=\"p1\">\u512a\u79c0<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td>\n<p class=\"p1\">20\uff05\u4ee5\u4e0a<\/p>\n<\/td>\n<td>\n<p class=\"p1\">\u8d85\u512a\u826f<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p class=\"p1\">\u305f\u3060\u3057\u3001<\/p>\n<p class=\"p2\"><b>ROE\u304c\u9ad8\u3051\u308c\u3070\u4f55\u3067\u3082OK\u3067\u306f\u3042\u308a\u307e\u305b\u3093\u3002<\/b><\/p>\n<p class=\"p1\">\u3053\u3053\u3067PBR\u3068\u306e\u95a2\u4fc2\u304c\u91cd\u8981\u306b\u306a\u308a\u307e\u3059\u3002<\/p>\n<hr \/>\n<h2><b>PBR\uff08\u682a\u4fa1\u7d14\u8cc7\u7523\u500d\u7387\uff09\u306f\u300c\u8a55\u4fa1\u306e\u571f\u53f0\u300d<\/b><\/h2>\n<h3><b>PBR\u3068\u306f\u4f55\u304b\uff1f<\/b><\/h3>\n<p class=\"p1\">PBR\uff08Price Book-value Ratio\uff09\u3068\u306f\u3001<\/p>\n<blockquote>\n<p><b>\u4f1a\u793e\u306e\u7d14\u8cc7\u7523\u306b\u5bfe\u3057\u3066\u3001\u682a\u4fa1\u304c\u4f55\u500d\u3067\u8a55\u4fa1\u3055\u308c\u3066\u3044\u308b\u304b<\/b><\/p>\n<\/blockquote>\n<p class=\"p1\">\u3092\u8868\u3059\u6307\u6a19\u3067\u3059\u3002<\/p>\n<p class=\"p1\">\u8a08\u7b97\u5f0f\u306f\u3053\u3046\u3067\u3059\u3002<\/p>\n<pre><code>PBR = \u682a\u4fa1 \u00f7 1\u682a\u3042\u305f\u308a\u7d14\u8cc7\u7523\uff08BPS\uff09<\/code><\/pre>\n<p class=\"p1\">PBR1\u500d\u3068\u306f\u3001<\/p>\n<blockquote>\n<p>\u300c\u4f1a\u793e\u3092\u89e3\u6563\u3057\u3066\u8cc7\u7523\u3092\u5168\u90e8\u58f2\u3063\u305f\u4fa1\u5024\u3068\u3001\u682a\u4fa1\u304c\u540c\u3058\u300d<\/p>\n<\/blockquote>\n<p class=\"p1\">\u3068\u3044\u3046\u72b6\u614b\u3067\u3059\u3002<\/p>\n<hr \/>\n<h3><b>PBR1\u500d\u5272\u308c\uff1d\u304a\u5b9d\u682a\u3001\u306f\u672c\u5f53\u304b\uff1f<\/b><\/h3>\n<p class=\"p1\">\u3088\u304f\u805e\u304f\u30d5\u30ec\u30fc\u30ba\u3067\u3059\u3002<\/p>\n<blockquote>\n<p>\u300cPBR1\u500d\u5272\u308c\u306f\u5272\u5b89\u300d<\/p>\n<\/blockquote>\n<p class=\"p5\"><span class=\"s2\">\u3053\u308c\u3082<\/span><b>\u534a\u5206\u6b63\u89e3\u3067\u534a\u5206\u9593\u9055\u3044<\/b><span class=\"s2\">\u3002<\/span><\/p>\n<h4><b>\u306a\u305cPBR1\u500d\u5272\u308c\u304c\u653e\u7f6e\u3055\u308c\u308b\u306e\u304b\uff1f<\/b><\/h4>\n<p class=\"p1\">\u7406\u7531\u306f\u30b7\u30f3\u30d7\u30eb\u3067\u3059\u3002<\/p>\n<ul>\n<li>\n<p class=\"p1\">\u8cc7\u7523\u306f\u3042\u308b<\/p>\n<\/li>\n<li>\n<p class=\"p1\">\u3067\u3082\u7a3c\u3052\u3066\u3044\u306a\u3044<\/p>\n<\/li>\n<\/ul>\n<p class=\"p1\">\u3064\u307e\u308a\u3001<\/p>\n<blockquote>\n<p><b>\u300c\u304a\u91d1\u306f\u3042\u308b\u3051\u3069\u3001\u5897\u3084\u305b\u306a\u3044\u4f1a\u793e\u300d<\/b><\/p>\n<\/blockquote>\n<p class=\"p1\">\u3053\u3046\u3044\u3046\u4f01\u696d\u306f\u3001<\/p>\n<p class=\"p1\">\u5e02\u5834\u304b\u3089\u4f4e\u8a55\u4fa1\u3092\u53d7\u3051\u7d9a\u3051\u307e\u3059\u3002<\/p>\n<div class=\"xcd-attention-6 xcd-col5 xcd-ripple\">\n<div class=\"xcd-title-wrap\">\n<div class=\"xcd-title\"><span>\u3042\u306a\u305f\u306b\u672c\u5f53\u306b\u9069\u3057\u305f\u6295\u8cc7\u306f\u3069\u308c\uff1f<\/span><\/div>\n<\/div>\n<div class=\"xcd-content\">\n<p><span style=\"font-size: 12pt;\"><strong>\u30fb\u307e\u305a\u306f\u5c11\u984d\u304b\u3089\u8a66\u3057\u305f\u3044\u3000YES or NO<\/strong><\/span><br \/>\n<span style=\"font-size: 12pt;\"><strong>\u30fb\u30ea\u30b9\u30af\u306f\u3067\u304d\u308b\u3060\u3051\u6291\u3048\u305f\u3044\u3000YES or NO<\/strong><\/span><br \/>\n<span style=\"font-size: 12pt;\"><strong>\u30fb\u6295\u8cc7\u5148\u306e\u898b\u6975\u3081\u65b9\u3092\u77e5\u308a\u305f\u3044\u3000YES or NO<\/strong><\/span><br \/>\n<span style=\"font-size: 12pt;\"><strong>\u30fb\u6d77\u5916\u6295\u8cc7\u306b\u3082\u8208\u5473\u304c\u3042\u308b\u3000YES or NO<\/strong><\/span><br \/>\n<span style=\"font-size: 12pt;\"><strong>\u30fb\u6295\u8cc7\u306e\u77e5\u8b58\u3092\u3064\u3051\u3066\u5229\u76ca\u3092\u6700\u5927\u5316\u3057\u305f\u3044\u3000YES or NO<\/strong><\/span><\/p>\n<p><span style=\"font-size: 14pt;\"><a href=\"https:\/\/toushi-up.com\/ow\/05.html?argument=XJhet6w1&amp;dmai=a64e31f9ee75a0\"><strong>\u2192\u3000YES\u304c\uff13\u3064\u4ee5\u4e0a\u3060\u3063\u305f\u65b9\u306f\u3001\u3053\u3061\u3089\u3092\u30af\u30ea\u30c3\u30af<\/strong><\/a><\/span><\/p>\n<\/div>\n<\/div>\n<hr \/>\n<h2><b>PER\u30fbPBR\u30fbROE\u306f\u3053\u3046\u3064\u306a\u304c\u3063\u3066\u3044\u308b<\/b><\/h2>\n<p class=\"p1\">\u3053\u3053\u304c\u3053\u306e\u8a18\u4e8b\u306e\u6838\u5fc3\u3067\u3059\u3002<\/p>\n<p class=\"p1\">\u5b9f\u306f\u3053\u306e3\u3064\u3001<\/p>\n<p class=\"p5\"><b>\u6570\u5f0f\u30ec\u30d9\u30eb\u3067\u5b8c\u5168\u306b\u3064\u306a\u304c\u3063\u3066\u3044\u307e\u3059\u3002<\/b><\/p>\n<h5><code>PER = PBR \u00f7 ROE<\/code><\/h5>\n<p class=\"p1\">\u3053\u308c\u3092\u77e5\u3089\u306a\u3044\u3068\u3001<\/p>\n<p class=\"p1\">\u6307\u6a19\u306f\u300c\u6697\u8a18\u30b2\u30fc\u300d\u306b\u306a\u308a\u307e\u3059\u3002<\/p>\n<hr \/>\n<h3><b>\u3053\u306e\u5f0f\u304c\u610f\u5473\u3059\u308b\u3053\u3068<\/b><\/h3>\n<p class=\"p1\">\u3053\u306e\u5f0f\u3092\u65e5\u672c\u8a9e\u306b\u3059\u308b\u3068\u3053\u3046\u3067\u3059\u3002<\/p>\n<blockquote>\n<p><b>\u682a\u4fa1\u306e\u5272\u5b89\u30fb\u5272\u9ad8\uff08PER\uff09\u306f\u3001<\/b><\/p>\n<\/blockquote>\n<blockquote>\n<p><b>\u4f1a\u793e\u306e\u7a3c\u3050\u529b\uff08ROE\uff09\u3068\u3001<\/b><\/p>\n<\/blockquote>\n<blockquote>\n<p><b>\u8cc7\u7523\u306b\u5bfe\u3059\u308b\u8a55\u4fa1\uff08PBR\uff09\u3067\u6c7a\u307e\u308b<\/b><\/p>\n<\/blockquote>\n<p class=\"p1\">\u3064\u307e\u308a\u3001<\/p>\n<ul>\n<li>\n<p class=\"p1\">ROE\u304c\u9ad8\u3044\u4f1a\u793e \u2192 \u9ad8PBR\u304c\u8a31\u3055\u308c\u308b<\/p>\n<\/li>\n<li>\n<p class=\"p1\">ROE\u304c\u4f4e\u3044\u4f1a\u793e \u2192 \u4f4ePBR\u3067\u3082\u5f53\u7136<\/p>\n<\/li>\n<\/ul>\n<hr \/>\n<h3><b>\u5177\u4f53\u4f8b\u3067\u7406\u89e3\u3059\u308b<\/b><\/h3>\n<h4><b>\u4f1a\u793eA\uff08\u512a\u826f\u4f01\u696d\uff09<\/b><\/h4>\n<ul>\n<li>\n<p class=\"p1\">ROE\uff1a20\uff05<\/p>\n<\/li>\n<li>\n<p class=\"p1\">PBR\uff1a4\u500d<\/p>\n<\/li>\n<\/ul>\n<pre><code>PER = 4 \u00f7 0.20 = 20\u500d<\/code><\/pre>\n<p class=\"p1\">\u2192 \u9ad8PER\u3060\u304c\u59a5\u5f53<\/p>\n<h4><b>\u4f1a\u793eB\uff08\u5fae\u5999\u4f01\u696d\uff09<\/b><\/h4>\n<ul>\n<li>\n<p class=\"p1\">ROE\uff1a5\uff05<\/p>\n<\/li>\n<li>\n<p class=\"p1\">PBR\uff1a1\u500d<\/p>\n<\/li>\n<\/ul>\n<pre><code>PER = 1 \u00f7 0.05 = 20\u500d<\/code><\/pre>\n<p class=\"p1\">\u2192 \u540c\u3058PER20\u500d\u3067\u3082\u4e2d\u8eab\u306f\u5225\u7269<\/p>\n<p class=\"p3\"><b>PER\u3060\u3051\u898b\u3066\u3044\u305f\u3089\u3001\u4e21\u793e\u306f\u540c\u3058\u306b\u898b\u3048\u307e\u3059\u3002<\/b><\/p>\n<hr \/>\n<h2><b>\u521d\u5fc3\u8005\u304c\u5fc5\u305a\u8e0f\u3080\u300c3\u3064\u306e\u7f60\u300d<\/b><\/h2>\n<h3><b>\u7f60\u2460 PER\u3060\u3051\u3067\u5272\u5b89\u5224\u65ad\u3059\u308b<\/b><\/h3>\n<ul>\n<li>\n<p class=\"p1\">\u696d\u7e3e\u30d4\u30fc\u30af<\/p>\n<\/li>\n<li>\n<p class=\"p1\">\u4e00\u6642\u7684\u306a\u7279\u9700<\/p>\n<\/li>\n<\/ul>\n<p class=\"p1\">\u3053\u308c\u3067PER\u304c\u4f4e\u304f\u306a\u3063\u3066\u3044\u308b\u30b1\u30fc\u30b9\u306f\u975e\u5e38\u306b\u591a\u3044\u3067\u3059\u3002<\/p>\n<hr \/>\n<h3><b>\u7f60\u2461 PBR1\u500d\u5272\u308c\u3092\u4fe1\u4ef0\u3059\u308b<\/b><\/h3>\n<ul>\n<li>\n<p class=\"p1\">ROE\u304c\u4f4e\u3044<\/p>\n<\/li>\n<li>\n<p class=\"p1\">\u6210\u9577\u6226\u7565\u304c\u306a\u3044<\/p>\n<\/li>\n<\/ul>\n<p class=\"p1\">\u3053\u3046\u3044\u3046\u4f1a\u793e\u306f\u3001<\/p>\n<p class=\"p1\"><span class=\"s2\"><b>10\u5e74PBR1\u500d\u5272\u308c\u306e\u307e\u307e<\/b><\/span>\u3068\u3044\u3046\u3053\u3068\u3082\u73cd\u3057\u304f\u3042\u308a\u307e\u305b\u3093\u3002<\/p>\n<hr \/>\n<h3><b>\u7f60\u2462 ROE\u304c\u9ad8\u3044\u7406\u7531\u3092\u898b\u306a\u3044<\/b><\/h3>\n<p class=\"p1\">ROE\u306f\u3001<\/p>\n<ul>\n<li>\n<p class=\"p1\">\u672c\u696d\u304c\u5f37\u3044<\/p>\n<\/li>\n<li>\n<p class=\"p1\">\u501f\u91d1\u3092\u5897\u3084\u3057\u3066\u3044\u308b<\/p>\n<\/li>\n<\/ul>\n<p class=\"p1\">\u3053\u306e2\u30d1\u30bf\u30fc\u30f3\u3067\u9ad8\u304f\u306a\u308a\u307e\u3059\u3002<\/p>\n<p class=\"p3\"><b>\u5f8c\u8005\u306f\u5371\u967a\u4fe1\u53f7<\/b><span class=\"s3\">\u3067\u3059\u3002<\/span><\/p>\n<hr \/>\n<h2><b>\u5b9f\u8df5\u7684\u306a\u4f7f\u3044\u65b9\uff1a\u521d\u5fc3\u8005\u306f\u3053\u306e\u9806\u756a\u3067\u898b\u308d<\/b><\/h2>\n<p class=\"p1\">\u2460 ROE\u3092\u898b\u308b<\/p>\n<p class=\"p1\">\u2192 \u305d\u3082\u305d\u3082\u7a3c\u3052\u308b\u4f1a\u793e\u304b\uff1f<\/p>\n<p class=\"p1\">\u2461 PBR\u3092\u898b\u308b<\/p>\n<p class=\"p1\">\u2192 \u305d\u306e\u7a3c\u3050\u529b\u306b\u5bfe\u3057\u3066\u3001\u8a55\u4fa1\u306f\u9ad8\u3059\u304e\u306a\u3044\u304b\uff1f<\/p>\n<p class=\"p1\">\u2462 PER\u3092\u898b\u308b<\/p>\n<p class=\"p1\">\u2192 \u6210\u9577\u671f\u5f85\u3092\u7e54\u308a\u8fbc\u307f\u3059\u304e\u3066\u3044\u306a\u3044\u304b\uff1f<\/p>\n<p class=\"p1\">\u3053\u306e\u9806\u756a\u3092\u5b88\u308b\u3060\u3051\u3067\u3001<\/p>\n<p class=\"p3\"><b>\u5730\u96f7\u682a\u3092\u8e0f\u3080\u78ba\u7387\u306f\u6fc0\u6e1b<\/b><span class=\"s3\">\u3057\u307e\u3059\u3002<\/span><\/p>\n<hr \/>\n<h2><b>\u307e\u3068\u3081\uff1a3\u3064\u306e\u6307\u6a19\u306f\u300c\u4f1a\u8a71\u300d\u3057\u3066\u3044\u308b<\/b><\/h2>\n<p class=\"p1\">PER\u30fbPBR\u30fbROE\u306f\u3001<\/p>\n<p class=\"p1\">\u305d\u308c\u305e\u308c\u72ec\u7acb\u3057\u305f\u6570\u5b57\u3067\u306f\u3042\u308a\u307e\u305b\u3093\u3002<\/p>\n<ul>\n<li>\n<p class=\"p1\">ROE\uff1d\u4f1a\u793e\u306e\u5b9f\u529b<\/p>\n<\/li>\n<li>\n<p class=\"p1\">PBR\uff1d\u5e02\u5834\u306e\u8a55\u4fa1<\/p>\n<\/li>\n<li>\n<p class=\"p1\">PER\uff1d\u305d\u306e\u7d50\u679c\u3068\u3057\u3066\u306e\u682a\u4fa1\u53ce\u76ca\u7387<\/p>\n<\/li>\n<\/ul>\n<p class=\"p1\">\u3053\u306e\u95a2\u4fc2\u6027\u304c\u898b\u3048\u308b\u3088\u3046\u306b\u306a\u308b\u3068\u3001<\/p>\n<blockquote>\n<p>\u300c\u306a\u305c\u3053\u306e\u682a\u306f\u9ad8\u3044\u306e\u304b\u300d<\/p>\n<\/blockquote>\n<blockquote>\n<p>\u300c\u306a\u305c\u3053\u306e\u682a\u306f\u5b89\u3044\u307e\u307e\u306a\u306e\u304b\u300d<\/p>\n<\/blockquote>\n<p class=\"p3\"><span class=\"s3\">\u304c\u3001<\/span><b>\u611f\u899a\u3067\u306f\u306a\u304f\u7406\u5c48\u3067\u8aac\u660e\u3067\u304d\u308b<\/b><span class=\"s3\">\u3088\u3046\u306b\u306a\u308a\u307e\u3059\u3002<\/span><\/p>\n<p class=\"p1\">\u305d\u3057\u3066\u305d\u308c\u304c\u3001<\/p>\n<p class=\"p3\"><b>\u9577\u671f\u3067\u52dd\u3061\u7d9a\u3051\u308b\u6295\u8cc7\u5bb6\u306e\u6700\u4f4e\u6761\u4ef6<\/b><span class=\"s3\">\u3067\u3059\u3002<\/span><\/p>\n<\/div>\n<p class=\"p1\">\u682a\u5f0f\u6295\u8cc7\u3067\u7d50\u679c\u304c\u51fa\u308b\u4eba\u3068\u3001\u305a\u3063\u3068\u8ca0\u3051\u7d9a\u3051\u308b\u4eba\u306e\u5dee\u306f\u624d\u80fd\u3067\u306f\u3042\u308a\u307e\u305b\u3093\u3002<\/p>\n<p class=\"p1\"><b>\u300c\u6570\u5b57\u3092\u7406\u89e3\u3057\u3066\u3044\u308b\u304b\u3069\u3046\u304b\u300d<\/b>\u3001\u305d\u308c\u3060\u3051\u3067\u3059\u3002<\/p>\n<p class=\"p1\">PER\u30fbPBR\u30fbROE\u306e\u95a2\u4fc2\u6027\u304c\u5206\u304b\u3063\u305f\u4eca\u3001<\/p>\n<p class=\"p1\">\u3042\u306a\u305f\u306f\u3082\u3046\u300c\u96f0\u56f2\u6c17\u3067\u682a\u3092\u8cb7\u3046\u5074\u300d\u3067\u306f\u3042\u308a\u307e\u305b\u3093\u3002<\/p>\n<p class=\"p1\">\u3042\u3068\u306f\u4e00\u6b69\u8e0f\u307f\u51fa\u3059\u3060\u3051\u3067\u3059\u3002<\/p>\n<div class=\"xcd-attention-8 xcd-col5 xcd-ripple\">\n<div class=\"xcd-title\">\u30d7\u30ed\u306e\u77e5\u8b58\u304c\u7121\u6599\u3067\u5b66\u3079\u307e\u3059<\/div>\n<div class=\"xcd-content\">\n<p>\u300c\u6295\u8cc7\u306e\u52c9\u5f37\u3092\u4f55\u304b\u3089\u3084\u3063\u3066\u3044\u3044\u304b\u308f\u304b\u3089\u306a\u3044\u300d<\/p>\n<p>\u305d\u3093\u306a\u6642\u306f<b><span class=\"f-marker-p\">\u7121\u6599\u3067\u8996\u8074\u3067\u304d\u308b\u30aa\u30f3\u30e9\u30a4\u30f3\u8b1b\u5ea7\u300c<a href=\"https:\/\/toushi-up.com\/ow\/05.html?utm_source=article&amp;utm_medium=16989&amp;utm_content=16989\">GFS\u76e3\u4fee \u6295\u8cc7\u306e\u9054\u4eba\u8b1b\u5ea7<\/a>\u300d\u3092\u307e\u305a\u306f\u304a\u8a66\u3057\u3057\u3066\u304f\u3060\u3055\u3044\u3002<\/span><\/b><\/p>\n<p>\u6295\u8cc7\u306e\u9054\u4eba\u306b\u306a\u308b\u6295\u8cc7\u8b1b\u5ea7\u306f\u3001\u8b1b\u7fa9\u6570\u65e5\u672c\u4e00\u306e\u6295\u8cc7\u30b9\u30af\u30fc\u30eb<a href=\"https:\/\/gfs.tokyo\/\">GFS<\/a>\u304c\u63d0\u4f9b\u3059\u308b\u7121\u6599\u30aa\u30f3\u30e9\u30a4\u30f3\u8b1b\u5ea7\u3067\u3059\u3002\u30d7\u30ed\u306e\u6295\u8cc7\u5bb6\u3067\u3042\u308b\u8b1b\u5e2b\u304c\u3001\u672a\u7d4c\u9a13\u8005\u3084\u82e6\u624b\u610f\u8b58\u304c\u3042\u308b\u4eba\u3067\u3082\u5206\u304b\u308b\u3088\u3046\u306b\u3001\u6295\u8cc7\u306e\u4ed5\u7d44\u307f\u3084\u5168\u4f53\u50cf\u3001\u30eb\u30fc\u30eb\u3092\u57fa\u790e\u304b\u3089\u56f3\u89e3\u3092\u4ea4\u3048\u3066\u89e3\u8aac\u3057\u307e\u3059\u3002<\/p>\n<p>\u6295\u8cc7\u306e\u52c9\u5f37\u3092\u306a\u308b\u3079\u304f\u52b9\u7387\u3088\u304f\u59cb\u3081\u305f\u3044\u4eba\u306f\u3001\u305c\u3072\u4e00\u5ea6\u3054\u8996\u8074\u304f\u3060\u3055\u3044\u3002<\/p>\n<div class=\"cv-btn-wrap\">\n<div class=\"cv-copy\" style=\"text-align: center;\"><span><a href=\"https:\/\/toushi-up.com\/ow\/05.html?utm_source=article&amp;utm_medium=16989&amp;utm_content=16989\">\uff3c1\u5206\u3067\u7c21\u5358\u7533\u8fbc\uff0f<\/a><\/span><\/div>\n<div class=\"cv-btn\" style=\"text-align: center;\"><span class=\"cv-em\">\u7121\u6599<\/span><br \/>\n<span class=\"cv-text\"><a href=\"https:\/\/toushi-up.com\/ow\/05.html?utm_source=article&amp;utm_medium=16989&amp;utm_content=16989\n\">\u30aa\u30f3\u30e9\u30a4\u30f3\u8b1b\u5ea7\u306f\u3053\u3061\u3089<\/a><\/span><\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>\u682a\u3067\u7d76\u5bfe\u899a\u3048\u3066\u304a\u3044\u305f\u65b9\u304c\u3044\u3044PER\uff0fPBR\uff0fROE\u306e\u95a2\u4fc2\u6027 \u3053\u306e3\u3064\u304c\u5206\u304b\u3089\u306a\u3044\u4eba\u306f\u4e00\u751f\u52dd\u3066\u307e\u305b\u3093\u3002 \u2015\u2015\u300c\u306a\u3093\u3068\u306a\u304f\u6307\u6a19\u300d\u304b\u3089\u5352\u696d\u3059\u308b\u305f\u3081\u306e\u5b8c\u5168\u30ac\u30a4\u30c9 \u682a\u5f0f\u6295\u8cc7\u3092\u59cb\u3081\u308b\u3068\u3001\u307b\u307c100\uff05\u306e\u78ba\u7387\u3067\u51fa\u3066\u304f\u308b\u8a00\u8449\u304c\u3042\u308a\u307e\u3059\u3002  [&hellip;]<\/p>\n","protected":false},"author":15,"featured_media":18210,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[13,10],"acf":[],"_links":{"self":[{"href":"https:\/\/official.gfs.tokyo\/blog\/wp-json\/wp\/v2\/posts\/18164"}],"collection":[{"href":"https:\/\/official.gfs.tokyo\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/official.gfs.tokyo\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/official.gfs.tokyo\/blog\/wp-json\/wp\/v2\/users\/15"}],"replies":[{"embeddable":true,"href":"https:\/\/official.gfs.tokyo\/blog\/wp-json\/wp\/v2\/comments?post=18164"}],"version-history":[{"count":16,"href":"https:\/\/official.gfs.tokyo\/blog\/wp-json\/wp\/v2\/posts\/18164\/revisions"}],"predecessor-version":[{"id":18212,"href":"https:\/\/official.gfs.tokyo\/blog\/wp-json\/wp\/v2\/posts\/18164\/revisions\/18212"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/official.gfs.tokyo\/blog\/wp-json\/wp\/v2\/media\/18210"}],"wp:attachment":[{"href":"https:\/\/official.gfs.tokyo\/blog\/wp-json\/wp\/v2\/media?parent=18164"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/official.gfs.tokyo\/blog\/wp-json\/wp\/v2\/categories?post=18164"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}