{"id":2362,"date":"2023-12-11T10:11:46","date_gmt":"2023-12-11T01:11:46","guid":{"rendered":"https:\/\/official.gfs.tokyo\/blog\/?p=2362"},"modified":"2026-02-20T15:48:28","modified_gmt":"2026-02-20T06:48:28","slug":"stock-per-pbr","status":"publish","type":"post","link":"https:\/\/official.gfs.tokyo\/blog\/stock-per-pbr","title":{"rendered":"\u682a\u306ePER\u30fbPBR\u3092\u4f7f\u3044\u3053\u306a\u3059\u305f\u3081\u306e\u521d\u5fc3\u8005\u5411\u3051\u5b8c\u5168\u30de\u30cb\u30e5\u30a2\u30eb"},"content":{"rendered":"<p><strong>\u300c\u682a\u5f0f\u6295\u8cc7\u306b\u51fa\u3066\u304f\u308bPER\u3001PBR\u3063\u3066\u4f55\uff1f\u3000\u3069\u3046\u4f7f\u3048\u3070\u3044\u3044\u306e\uff1f\u300d<\/strong><\/p>\n<p>\u682a\u5f0f\u6295\u8cc7\u3092\u3057\u3066\u3044\u308b\u3068\u3053\u3093\u306a\u7591\u554f\u3092\u62b1\u304f\u3053\u3068\u3082\u591a\u3044\u306e\u3067\u306f\u306a\u3044\u3067\u3057\u3087\u3046\u304b\u3002<\/p>\n<p>PER\u3001PBR\u3068\u306f\u3001\u305d\u308c\u305e\u308c<span style=\"color: #ff0000;\"><strong>\u300c\uff08PER\uff09\u682a\u4fa1\u53ce\u76ca\u7387\u300d\u300c\uff08PBR\uff09\u682a\u4fa1\u7d14\u8cc7\u7523\u500d\u7387\u300d\u306e\u3053\u3068\u3067\u3001\u3069\u3061\u3089\u3082\u682a\u306e\u5272\u5b89\u611f\u3092\u5224\u65ad\u3059\u308b\u305f\u3081\u306e\u6307\u6a19<\/strong><\/span>\u3067\u3059\u3002<\/p>\n<p><img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2022\/05\/image3.png\" alt=\"PER\uff08\u682a\u4fa1\u53ce\u76ca\u7387\uff09\u3068PBR\uff08\u682a\u4fa1\u7d14\u8cc7\u7523\u500d\u7387\uff09\u306e\u65e9\u898b\u8868\" width=\"1513\" height=\"538\" class=\"aligncenter wp-image-2364 size-full\" srcset=\"https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2022\/05\/image3.png 1513w, https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2022\/05\/image3-300x107.png 300w, https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2022\/05\/image3-1024x364.png 1024w, https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2022\/05\/image3-768x273.png 768w\" sizes=\"(max-width: 1513px) 100vw, 1513px\" \/><\/p>\n<p><strong>PER\uff08\u682a\u4fa1\u53ce\u76ca\u7387\uff09\u3068PBR\uff08\u682a\u4fa1\u7d14\u8cc7\u7523\u500d\u7387\uff09\u306e\u9055\u3044\u306f\u3001<span style=\"color: #ff0000;\">PER\u304c\u300c\u4f01\u696d\u306e\u53ce\u76ca\u300d\u306b\u5bfe\u3059\u308b\u682a\u4fa1\u306e\u5272\u5b89\u30fb\u5272\u9ad8\u611f\u3092\u793a\u3059\u306e\u306b\u5bfe\u3057\u3001PBR\u306f\u3001\u300c\u4f01\u696d\u306e\u7d14\u8cc7\u7523\u300d\u306b\u5bfe\u3059\u308b\u682a\u4fa1\u306e\u5272\u5b89\u30fb\u5272\u9ad8\u611f\u3092\u793a\u3059\u70b9<\/span><\/strong>\u3067\u3059\u3002<\/p>\n<p>PER\u3068PBR\u306f\u3001\u5272\u5b89\u611f\u3092\u793a\u3059\u3068\u3044\u3046\u5171\u901a\u70b9\u304c\u3042\u308b\u3082\u306e\u306e\u3001\u4f01\u696d\u306e\u4f55\u306b\u5bfe\u3059\u308b\u5272\u5b89\u611f\u304b\u3068\u3044\u3046\u70b9\u3067\u7570\u306a\u308b\u305f\u3081\u3001\u5b9f\u969b\u306b\u4f7f\u3046\u969b\u306b\u306f\u6ce8\u610f\u3057\u307e\u3057\u3087\u3046\u3002<\/p>\n<p>\u672c\u6587\u3067\u306fPER\u3068PBR\u306e\u5b9a\u7fa9\u307b\u304b\u3001PER\u3084PBR\u306f\u5b9f\u969b\u306b\u3069\u3046\u3044\u3063\u305f\u5834\u9762\u3067\u4f7f\u3046\u306e\u304b\u3068\u3044\u3063\u305f\u6d3b\u7528\u5834\u9762\u3084\u3001\u5b9f\u969b\u306e\u898b\u65b9\u30fb\u4f7f\u3044\u65b9\u306b\u3064\u3044\u3066\u7d39\u4ecb\u3057\u307e\u3059\u3002<\/p>\n<p><img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2022\/05\/image1.png\" alt=\"PER\u3068PBR\u306e\u6d3b\u7528\u5834\u9762\uff13\u3064\" width=\"1108\" height=\"465\" class=\"aligncenter wp-image-2365 size-full\" srcset=\"https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2022\/05\/image1.png 1108w, https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2022\/05\/image1-300x126.png 300w, https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2022\/05\/image1-1024x430.png 1024w, https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2022\/05\/image1-768x322.png 768w\" sizes=\"(max-width: 1108px) 100vw, 1108px\" \/><\/p>\n<p><img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2024\/02\/PERPBR-1024x512.png\" alt=\"\u3053\u306e\u8a18\u4e8b\u3067\u308f\u304b\u308b\u3053\u3068\" width=\"868\" height=\"434\" class=\"aligncenter size-large wp-image-12352\" srcset=\"https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2024\/02\/PERPBR-1024x512.png 1024w, https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2024\/02\/PERPBR-300x150.png 300w, https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2024\/02\/PERPBR-768x384.png 768w, https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2024\/02\/PERPBR.png 1200w\" sizes=\"(max-width: 868px) 100vw, 868px\" \/><\/p>\n<p>\u6700\u5f8c\u307e\u3067\u8aad\u3080\u3053\u3068\u3067\u3001<strong>PER\u30fbPBR\u3092\u4f7f\u3046\u4e0a\u3067\u306e\u6ce8\u610f\u70b9<\/strong>\u3084\u3001<strong>\u4ed6\u306b\u3082\u78ba\u8a8d\u3057\u3066\u304a\u304f\u3079\u304dEPS\u30fbBPS\u30fbROE\u3068\u3044\u3063\u305f\u6307\u6a19\u306b\u3064\u3044\u3066\u3082\u628a\u63e1<\/strong>\u3059\u308b\u3053\u3068\u304c\u3067\u304d\u307e\u3059\u3002\u305c\u3072\u6700\u5f8c\u307e\u3067\u76ee\u3092\u901a\u3057\u3001\u6709\u529b\u9298\u67c4\u9078\u3073\u306b\u6d3b\u7528\u3057\u3066\u304f\u3060\u3055\u3044\u3002<\/p>\n<p>\u306a\u304a\u3001\u4ee5\u4e0b\u306e\u8a18\u4e8b\u3067\u306f\u300c\u4f01\u696d\u5206\u6790\u300d\u300c\u9298\u67c4\u306e\u9078\u3073\u65b9\u300d\u300c\u51fa\u53e3\u6226\u7565\u300d\u306a\u3069\u682a\u5f0f\u6295\u8cc7\u3067\u5229\u76ca\u3092\u51fa\u3059\u305f\u3081\u306b\u5fc5\u8981\u306a\u77e5\u8b58\u3092\u57fa\u790e\u304b\u3089\u5b9f\u8df5\u307e\u3067\u30b9\u30c6\u30c3\u30d7\u5f62\u5f0f\u3067\u7d39\u4ecb\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n<p class=\"emphasize-link\"><a href=\"https:\/\/official.gfs.tokyo\/blog\/studying-investments\">\u3010\u6295\u8cc7\u306e\u52c9\u5f37\u3011\u521d\u5fc3\u8005\u306f\u3053\u308c\u3060\u3051\u3067OK\uff01\u4f55\u304b\u3089\u3069\u3093\u306a\u65b9\u6cd5\u3067\u3059\u308b\u3079\u304d\u304b\u3092\u5b8c\u5168\u7406\u89e3<\/a><\/p>\n<div class=\"xcd-attention-1 xcd-col2 xcd-ripple\">\n<div class=\"xcd-title\">GFS\u3067\u306f\u6295\u8cc7\u306e\u52c9\u5f37\u3092\u9811\u5f35\u308b\u4ef2\u9593\u304c\u305f\u304f\u3055\u3093\u3044\u307e\u3059<\/div>\n<div class=\"xcd-content\"><span>\u79c1\u305f\u3061GFS\u3067\u306f\u3001\u30e9\u30a4\u30d6\u8b1b\u7fa9\u3084\u63b2\u793a\u677f\u3001LINE\u306a\u3069\u3092\u901a\u3058\u3066\u3055\u307e\u3056\u307e\u306a\u4ea4\u6d41\u304c\u3067\u304d\u307e\u3059\u3002<\/span><br \/>\n<span style=\"color: #0066c0;\"><a href=\"https:\/\/toushi-up.com\/ow\/05.html?utm_source=om&amp;utm_medium=om&amp;utm_content=14519\" style=\"color: #0066c0;\">\u226b \u7121\u6599\u8b1b\u5ea7\uff1a\u8cc7\u7523\u5f62\u6210\u3092\u5b66\u7fd2\u3067\u304d\u308b\u30aa\u30f3\u30e9\u30a4\u30f3\u30bb\u30df\u30ca\u30fc<\/a><\/span><\/div>\n<\/div>\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<h2 id=\"1\">1. PER\u3068PBR\u306e\u9055\u3044<\/h2>\n<p><img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2022\/05\/image4.jpg\" alt=\"\" width=\"999\" height=\"667\" class=\"aligncenter size-full wp-image-2366\" srcset=\"https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2022\/05\/image4.jpg 999w, https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2022\/05\/image4-300x200.jpg 300w, https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2022\/05\/image4-768x513.jpg 768w\" sizes=\"(max-width: 999px) 100vw, 999px\" \/><\/p>\n<p>\u5192\u982d\u3067\u3082\u89e6\u308c\u307e\u3057\u305f\u304c\u3001<\/p>\n<ul>\n<li><span style=\"color: #ff0000;\"><strong>PER\uff08\u682a\u4fa1\u53ce\u76ca\u7387\uff09\u3068\u306f\u3001\u300c\u4f01\u696d\u306e\u53ce\u76ca\u300d\u306b\u5bfe\u3059\u308b\u682a\u4fa1\u306e\u5272\u5b89\u30fb\u5272\u9ad8\u611f\u3092\u793a\u3059\u6307\u6a19<\/strong><\/span><\/li>\n<li><span style=\"color: #ff0000;\"><strong>PBR\uff08\u682a\u4fa1\u7d14\u8cc7\u7523\u500d\u7387\uff09\u3068\u306f\u3001\u300c\u4f01\u696d\u306e\u7d14\u8cc7\u7523\u300d\u306b\u5bfe\u3059\u308b\u682a\u4fa1\u306e\u5272\u5b89\u30fb\u5272\u9ad8\u611f\u3092\u793a\u3059\u6307\u6a19<\/strong><\/span><\/li>\n<\/ul>\n<p>\u3067\u3059\u3002<\/p>\n<p><img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2022\/05\/image3.png\" alt=\"PER\uff08\u682a\u4fa1\u53ce\u76ca\u7387\uff09\u3068PBR\uff08\u682a\u4fa1\u7d14\u8cc7\u7523\u500d\u7387\uff09\u306e\u8a08\u7b97\u65b9\u6cd5\" width=\"1513\" height=\"538\" class=\"aligncenter wp-image-2364 size-full\" srcset=\"https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2022\/05\/image3.png 1513w, https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2022\/05\/image3-300x107.png 300w, https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2022\/05\/image3-1024x364.png 1024w, https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2022\/05\/image3-768x273.png 768w\" sizes=\"(max-width: 1513px) 100vw, 1513px\" \/><\/p>\n<p>PER\u3068PBR\u306f\u3068\u3082\u306b\u682a\u4fa1\u306e\u5272\u5b89\u30fb\u5272\u9ad8\u611f\u3092\u5224\u65ad\u3059\u308b\u305f\u3081\u306e\u3082\u306e\u3067\u3059\u304c\u3001\u4e0b\u8a18\u306e\u70b9\u3067\u7570\u306a\u308a\u307e\u3059\u3002<\/p>\n<ul>\n<li>\u300c\u4f55\u306b\u5bfe\u3057\u3066\u300d\u5272\u5b89\u30fb\u5272\u9ad8\u304b\u3068\u3044\u3046\u70b9<\/li>\n<li>\u5272\u5b89\u30fb\u5272\u9ad8\u3092\u5224\u65ad\u3059\u308b\u57fa\u6e96<\/li>\n<\/ul>\n<p>\u682a\u4fa1\u306e\u5272\u5b89\u611f\u3092\u7684\u78ba\u306b\u5224\u65ad\u3059\u308b\u305f\u3081\u306b\u3082\u3001<strong>PER\u3068PBR\u306e\u610f\u5473\u3084\u9055\u3044\u306b\u3064\u3044\u3066\u6b63\u78ba\u306b\u628a\u63e1\u3059\u308b\u3088\u3046\u306b\u3057\u307e\u3057\u3087\u3046<\/strong>\u3002<\/p>\n<p>\u4ee5\u4e0b\u3067\u8a73\u3057\u304f\u7d39\u4ecb\u3057\u307e\u3059\u3002<\/p>\n<h3 id=\"1-1\">1-1. PER\uff08\u682a\u4fa1\u53ce\u76ca\u7387\uff09\u306f\u4f01\u696d\u306e\u696d\u7e3e\u306b\u5bfe\u3059\u308b\u682a\u4fa1\u306e\u5272\u5b89\u611f\u3092\u793a\u3059<\/h3>\n<p><strong><span style=\"color: #ff0000;\">PER\uff08Price Earnings Ratio\uff09\u3068\u306f\u300c\u682a\u4fa1\u53ce\u76ca\u7387\u300d\u306e\u3053\u3068\u3067\u3001\u682a\u4fa1\u304c\u4f01\u696d\u306e\u53ce\u76ca\u306b\u5bfe\u3057\u3066\u5272\u5b89\u306a\u306e\u304b\u5272\u9ad8\u306a\u306e\u304b\u3068\u3044\u3063\u305f\u95a2\u4fc2\u3092\u793a\u3059\u6307\u6a19\u3067\u3059\u3002<\/span><\/strong><\/p>\n<p><img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2022\/05\/image6.png\" alt=\"PER\uff08\u682a\u4fa1\u53ce\u76ca\u7387\uff09\u306f\u696d\u7e3e\u306b\u5bfe\u3059\u308b\u682a\u4fa1\u306e\u5272\u5b89\u30fb\u5272\u9ad8\u3092\u793a\u3059\u6307\u6a19\" width=\"1516\" height=\"289\" class=\"aligncenter wp-image-2367 size-full\" srcset=\"https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2022\/05\/image6.png 1516w, https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2022\/05\/image6-300x57.png 300w, https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2022\/05\/image6-1024x195.png 1024w, https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2022\/05\/image6-768x146.png 768w\" sizes=\"(max-width: 1516px) 100vw, 1516px\" \/><\/p>\n<p>PER\u306f\u3001\u682a\u4fa1\u3092\u7d14\u5229\u76ca\u3067\u5272\u3063\u3066\u8a08\u7b97\u3059\u308b\u3053\u3068\u304b\u3089<strong>\u300c\u682a\u4fa1\u304c\u4f01\u696d\u306e\u7d14\u5229\u76ca\u306e\u4f55\u500d\u3067\u8cb7\u308f\u308c\u3066\u3044\u308b\u304b\u300d<\/strong>\u3092\u610f\u5473\u3059\u308b\u3082\u306e\u3068\u8a00\u3048\u307e\u3059\u3002<\/p>\n<p><span style=\"color: #ff0000;\"><strong>PER\u306f\u3001\u5024\u304c\u4f4e\u3044\u307b\u3069\u5272\u5b89\u3068\u306a\u308a\u307e\u3059\u3002<\/strong><\/span><\/p>\n<p><span style=\"font-size: 14pt;\"><strong>\u25a0PER\u306e\u5272\u5b89\u30fb\u5272\u9ad8\u5224\u65ad\u306e\u5177\u4f53\u4f8b<\/strong><\/span><br \/>\nPER\u306e\u5224\u65ad\u306e\u5177\u4f53\u4f8b\u306b\u3064\u3044\u3066\u3001\u6b21\u306e\uff21\u793e\u3068\uff22\u793e\u306e\u30b1\u30fc\u30b9\u3067\u898b\u3066\u307f\u307e\u3057\u3087\u3046\u3002<\/p>\n<div class=\"attention a-1\">\n<p><strong>&lt;PER\u306e\u8a08\u7b97\u4f8b&gt;<\/strong><br \/>\n\u3000A\u793e\u3000\u682a\u4fa11000\u5186\u30011\u682a\u5f53\u305f\u308a\u7d14\u5229\u76ca50\u5186<br \/>\n\u3000B\u793e\u3000\u682a\u4fa11000\u5186\u30011\u682a\u5f53\u305f\u308a\u7d14\u5229\u76ca100\u5186<\/p>\n<p>\u4e0a\u8a18\u30b1\u30fc\u30b9\u306b\u3064\u3044\u3066\u3001<br \/>\n<span style=\"text-decoration: underline;\">\u300cPER(\u682a\u4fa1\u53ce\u76ca\u7387)\uff1d\u3000\u682a\u4fa1\u3000\u00f7\u3000\u4e00\u682a\u5f53\u305f\u308a\u7d14\u5229\u76ca\u300d\u306b\u57fa\u3065\u3044\u3066\u8a08\u7b97\u3059\u308b\u3068\u4e0b\u8a18\u306e\u901a\u308a\u3068\u306a\u308a\u307e\u3059\u3002<\/span><\/p>\n<p>\u3000A\u793e\u306ePER\uff1d1000\u3000\u00f7\u300050\u3000\uff1d20\u500d\u2026\u2026<strong>\uff21\u793e\u306e\u682a\u4fa1\u306f\u4f01\u696d\u4fa1\u5024\u306e20\u500d\u3067\u8cb7\u308f\u308c\u3066\u3044\u308b<\/strong><br \/>\n\u3000B\u793e\u306ePER\uff1d1000\u3000\u00f7\u3000100\u3000\uff1d10\u500d\u2026\u2026<strong>\uff22\u793e\u306e\u682a\u4fa1\u306f\u4f01\u696d\u4fa1\u5024\u306e10\u500d\u3067\u8cb7\u308f\u308c\u3066\u3044\u308b<\/strong><\/p>\n<\/div>\n<p><strong>\u5229\u76ca\u306e20\u500d\u306e\u682a\u4fa1\u3067\u8cb7\u3048\u308bA\u793e\u3088\u308a\u3082\u3001\u5229\u76ca\u306e10\u500d\u306e\u682a\u4fa1\u3067\u8cb7\u3048\u308b<span style=\"color: #ff0000;\">B\u793e\u306e\u65b9\u304c\u5272\u5b89<\/span>\u3068\u306a\u308a\u307e\u3059\u3002<\/strong><\/p>\n<p><span style=\"font-size: 14pt;\"><strong>\u25a0PER\u306f\u300c\u2613\u2613\u5e74\u3067\u6295\u8cc7\u8cc7\u91d1\u3092\u56de\u53ce\u3067\u304d\u308b\u300d\u3068\u3044\u3046\u898b\u65b9\u3067\u3082\u4f7f\u3046<\/strong><\/span><br \/>\n\u3053\u3053\u3067\u3001PER\u306e\u610f\u5473\u3092\u5c11\u3057\u88dc\u8db3\u3057\u307e\u3059\u3002<\/p>\n<p><img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2024\/02\/PERPBR\u30001\uff0d1-1024x512.png\" alt=\"PER\u306e\u89e3\u91c8\" width=\"868\" height=\"434\" class=\"aligncenter size-large wp-image-12351\" srcset=\"https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2024\/02\/PERPBR\u30001\uff0d1-1024x512.png 1024w, https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2024\/02\/PERPBR\u30001\uff0d1-300x150.png 300w, https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2024\/02\/PERPBR\u30001\uff0d1-768x384.png 768w, https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2024\/02\/PERPBR\u30001\uff0d1.png 1200w\" sizes=\"(max-width: 868px) 100vw, 868px\" \/><\/p>\n<p>PER\u306e\u8a08\u7b97\u5f0f\u3092\u3082\u3046\u4e00\u5ea6\u78ba\u8a8d\u3057\u3066\u307f\u307e\u3057\u3087\u3046\u3002<\/p>\n<ul>\n<li>PER(\u682a\u4fa1\u53ce\u76ca\u7387)\uff1d\u3000\u682a\u4fa1\u3000\u00f7\u3000\u4e00\u682a\u5f53\u305f\u308a\u7d14\u5229\u76ca<\/li>\n<\/ul>\n<p>\u4e0a\u306e\u5f0f\u306e\u300c1\u682a\u5f53\u305f\u308a\u306e\u7d14\u5229\u76ca\u300d\u3068\u306f\u3001\u4e00\u5e74\u9593\u306e\u5229\u76ca\u3092\u6307\u3057\u3066\u3044\u307e\u3059\u3002\u4e0a\u306e\u5f0f\u306f\u682a\u4fa1\u304c\u7d14\u5229\u76ca\u306e\u4f55\u5e74\u5206\u306b\u76f8\u5f53\u3059\u308b\u304b\u3092\u8a08\u7b97\u3057\u3066\u3044\u308b\u5f0f\u3068\u3082\u8a00\u3048\u307e\u3059\u3002<\/p>\n<p>\u4f8b\u3048\u3070\u3001\u4e0a\u306e\u4f8b\u3067\u5177\u4f53\u7684\u306b\u898b\u3066\u307f\u308b\u3068\u4e0b\u8a18\u306e\u901a\u308a\u3068\u306a\u308a\u307e\u3059\u3002<\/p>\n<div class=\"attention a-1\">\n<p>A\u793e\u306ePER\uff1d1000\uff08\u682a\u4fa1\uff09\u3000\u00f7\u300050\uff08\u7d14\u5229\u76ca\uff09\u3000\uff1d20\u500d\u3000\u2026\u2026<strong>\uff21\u793e\u306e\u682a\u4fa1\u306f20\u5e74\u3067\u56de\u53ce\u3067\u304d\u308b<\/strong><br \/>\nB\u793e\u306ePER\uff1d1000\uff08\u682a\u4fa1\uff09\u3000\u00f7\u3000100\uff08\u7d14\u5229\u76ca\uff09\u3000\uff1d10\u500d\u3000\u2026\u2026<strong>\uff22\u793e\u306e\u682a\u4fa1\u306f10\u5e74\u3067\u56de\u53ce\u3067\u304d\u308b<\/strong><\/p>\n<\/div>\n<p><strong>\u682a\u4fa1\u306b\u6295\u8cc7\u3057\u305f\u91d1\u984d\u309220\u5e74\u3067\u56de\u53ce\u3067\u304d\u308bA\u793e\u3088\u308a\u3082\u3001<span style=\"color: #ff0000;\">10\u5e74\u3067\u56de\u53ce\u3067\u304d\u308bB\u793e<\/span>\u306e\u65b9\u304c\u304a\u5f97\uff08\u5272\u5b89\uff09\u3068\u8a00\u3048\u307e\u3059\u3002<\/strong><\/p>\n<p>\u3053\u306e\u3088\u3046\u306b\u3001PER\u306f\u5272\u5b89\u611f\u3092\u793a\u3059\u3060\u3051\u3067\u306a\u304f\u3001\u300c\u682a\u5f0f\u8cfc\u5165\u8cc7\u91d1\u3092\u4f55\u5e74\u3067\u56de\u53ce\u3067\u304d\u308b\u304b\uff08\u3082\u3068\u304c\u3068\u308c\u308b\u304b\uff09\u300d\u3092\u8003\u3048\u308b\u6307\u6a19\u3068\u3057\u3066\u3082\u4f7f\u3048\u307e\u3059\u3002<\/p>\n<h4>PER\u306e\u4e00\u822c\u306a\u76ee\u5b89<\/h4>\n<p>\u9069\u6b63\u306aPER\u306e\u76ee\u5b89\u306f\u5e02\u5834\u3084\u696d\u7a2e\u306b\u3088\u3063\u3066\u7570\u306a\u308a\u307e\u3059\u3002<br \/>\n\u305f\u3060\u3001\u3044\u308f\u3086\u308b\u300c\u4e00\u822c\u7684\u306a\u76ee\u5b89\u300d\u3068\u3057\u3066\u306ePER\u306f\u3042\u308a\u307e\u3059\u306e\u3067\u3001\u3044\u304f\u3064\u304b\u3054\u7d39\u4ecb\u3057\u307e\u3059\u3002<\/p>\n<h5>PER 12~15\u500d<\/h5>\n<p>\u682a\u4fa1\u306f\u6bd4\u8f03\u7684\u5272\u5b89\u3067\u3042\u308b\u3068\u8003\u3048\u3089\u308c\u308b\u3053\u3068\u304c\u591a\u3044\u3067\u3059\u3002<br \/>\n\u305f\u3060\u3057\u3001\u4f4e\u3044PER\u304c\u5e38\u306b\u826f\u3044\u6295\u8cc7\u3092\u610f\u5473\u3059\u308b\u308f\u3051\u3067\u306f\u306a\u304f\u3001\u4f01\u696d\u306e\u6210\u9577\u6027\u304c\u4e4f\u3057\u3044\u304b\u3001\u3042\u308b\u3044\u306f\u4f55\u3089\u304b\u306e\u30ea\u30b9\u30af\u304c\u5b58\u5728\u3059\u308b\u53ef\u80fd\u6027\u3082\u3042\u308a\u307e\u3059\u3002<\/p>\n<h5>PER 15\u500d\uff5e20\u500d<\/h5>\n<p>\u591a\u304f\u306e\u6210\u719f\u3057\u305f\u5e02\u5834\u3084\u696d\u7a2e\u3067\u898b\u3089\u308c\u308b\u300c\u9069\u6b63\u300d\u7bc4\u56f2\u3068\u3055\u308c\u3066\u3044\u307e\u3059\u3002<br \/>\n\u4f01\u696d\u306e\u6210\u9577\u304c\u5b89\u5b9a\u3057\u3066\u3044\u308b\u3068\u898b\u306a\u3055\u308c\u308b\u3053\u3068\u304c\u591a\u3044\u3067\u3057\u3087\u3046\u3002<\/p>\n<h5>PER 20\u500d\u4ee5\u4e0a<\/h5>\n<p>\u6295\u8cc7\u5bb6\u306f\u305d\u306e\u4f01\u696d\u306e\u5c06\u6765\u306e\u6210\u9577\u3092\u9ad8\u304f\u8a55\u4fa1\u3057\u3066\u3044\u308b\u3053\u3068\u3092\u793a\u3057\u307e\u3059\u3002<br \/>\n\u696d\u7a2e\u306b\u3088\u3063\u3066\u3082\u7570\u306a\u308b\u304c\u3001\u6bd4\u8f03\u7684\u5272\u9ad8\u3067\u3042\u308b\u3068\u898b\u306a\u3055\u308c\u304c\u3061\u3067\u3059\u3002<br \/>\n\u306a\u304a\u3001\u9ad8PER\u306f\u6295\u8cc7\u5bb6\u306e\u9ad8\u3044\u671f\u5f85\u3092\u53cd\u6620\u3057\u3066\u3044\u308b\u305f\u3081\u3001\u305d\u306e\u671f\u5f85\u304c\u5916\u308c\u305f\u5834\u5408\u306b\u306f\u682a\u4fa1\u304c\u5927\u304d\u304f\u4e0b\u843d\u3059\u308b\u30ea\u30b9\u30af\u3082\u8003\u616e\u3059\u3079\u304d\u3067\u3059\u3002<\/p>\n<p>PER\u306f\u6709\u7528\u306a\u6307\u6a19\u3067\u3059\u304c\u3001\u6295\u8cc7\u5224\u65ad\u3092\u4e0b\u3059\u969b\u306b\u306f\u4ed6\u306e\u6307\u6a19\u3084\u8981\u7d20\u3082\u8003\u616e\u306b\u5165\u308c\u308b\u3053\u3068\u304c\u91cd\u8981\u3067\u3059\u3002<br \/>\n\u5e02\u5834\u306e\u72b6\u6cc1\u3001\u696d\u7a2e\u306e\u7279\u6027\u3001\u4f01\u696d\u306e\u6210\u9577\u6027\u3084\u53ce\u76ca\u6027\u3001\u305d\u3057\u3066\u30de\u30af\u30ed\u7d4c\u6e08\u306e\u6761\u4ef6\u306a\u3069\u3001\u591a\u89d2\u7684\u306a\u8996\u70b9\u304b\u3089\u5206\u6790\u3057\u307e\u3057\u3087\u3046\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\u6210\u529f\u3057\u3066\u3044\u308b\u6295\u8cc7\u5bb6\u3068\u63a5\u70b9\u304c\u6b32\u3057\u3044\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<h3 id=\"1-2\">1-2. PBR\uff08\u682a\u4fa1\u7d14\u8cc7\u7523\u500d\u7387\uff09\u306f\u4f01\u696d\u306e\u8cc7\u7523\u306b\u5bfe\u3059\u308b\u682a\u4fa1\u306e\u5272\u5b89\u611f\u3092\u793a\u3059<\/h3>\n<p><span style=\"color: #ff0000;\"><strong>PBR\uff08Price Book-value Ratio\uff09\u3068\u306f\u3001\u300c\u682a\u4fa1\u7d14\u8cc7\u7523\u500d\u7387\u300d\u306e\u3053\u3068\u3067\u3001\u682a\u4fa1\u304c\u4f01\u696d\u306e\u7d14\u8cc7\u7523\uff08\u8cc7\u7523\u4fa1\u5024\uff09\u306b\u5bfe\u3057\u3066\u5272\u5b89\u306a\u306e\u304b\u5272\u9ad8\u306a\u306e\u304b\u3069\u3046\u304b\u3092\u793a\u3059\u6307\u6a19\u3067\u3059\u3002<\/strong><\/span><\/p>\n<p><img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2022\/05\/image5.png\" alt=\"PBR\uff08\u682a\u4fa1\u7d14\u8cc7\u7523\u500d\u7387\uff09\u306f\u3001\u4f01\u696d\u306e\u7d14\u8cc7\u7523\u306b\u5bfe\u3059\u308b\u682a\u4fa1\u306e\u5272\u5b89\u30fb\u5272\u9ad8\u611f\u3092\u793a\u3059\u6307\u6a19\" width=\"1506\" height=\"310\" class=\"aligncenter wp-image-2368 size-full\" srcset=\"https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2022\/05\/image5.png 1506w, https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2022\/05\/image5-300x62.png 300w, https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2022\/05\/image5-1024x211.png 1024w, https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2022\/05\/image5-768x158.png 768w\" sizes=\"(max-width: 1506px) 100vw, 1506px\" \/><\/p>\n<p>PBR\u306f\u3001<strong>\u300c\u682a\u4fa1\u304c\u4f01\u696d\u306e\u7d14\u8cc7\u7523\uff08\u8cc7\u7523\u4fa1\u5024\uff09\u306e\u4f55\u500d\u3067\u8cb7\u308f\u308c\u3066\u3044\u308b\u304b\u300d<\/strong>\u3092\u793a\u3057\u307e\u3059\u3002<\/p>\n<p><img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2024\/02\/PERPBR\u30001\uff0d2-1024x512.png\" alt=\"PER\u306e\u5024\u306e\u898b\u65b9\u306b\u3064\u3044\u3066\" width=\"868\" height=\"434\" class=\"aligncenter size-large wp-image-12350\" srcset=\"https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2024\/02\/PERPBR\u30001\uff0d2-1024x512.png 1024w, https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2024\/02\/PERPBR\u30001\uff0d2-300x150.png 300w, https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2024\/02\/PERPBR\u30001\uff0d2-768x384.png 768w, https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2024\/02\/PERPBR\u30001\uff0d2.png 1200w\" sizes=\"(max-width: 868px) 100vw, 868px\" \/><\/p>\n<p><span style=\"font-size: 14pt;\"><strong>\u25a0PBR\u306e\u5272\u5b89\u30fb\u5272\u9ad8\u5224\u65ad\u306b\u300cPBR\uff1d1\u300d\u3092\u57fa\u6e96\u3068\u3059\u308b\u7406\u7531<\/strong><\/span><br \/>\n\u3061\u306a\u307f\u306b\u3001PBR\u306e\u5272\u5b89\u30fb\u5272\u9ad8\u3092\u6e2c\u308b\u306e\u306bPBR\uff1d1\u3092\u57fa\u6e96\u3068\u3059\u308b\u306e\u306f\u3001\u6b21\u306e\u7406\u7531\u304b\u3089\u3067\u3059\u3002<\/p>\n<p><img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2022\/05\/image8.png\" alt=\"PBR\u306e\u5224\u65ad\u57fa\u6e96\" width=\"1467\" height=\"865\" class=\"aligncenter wp-image-2369 size-full\" srcset=\"https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2022\/05\/image8.png 1467w, https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2022\/05\/image8-300x177.png 300w, https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2022\/05\/image8-1024x604.png 1024w, https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2022\/05\/image8-768x453.png 768w\" sizes=\"(max-width: 1467px) 100vw, 1467px\" \/><\/p>\n<p>\u300cPBR\u3000\uff1d\u3000\u682a\u4fa1\u3000\u00f7\u30001\u682a\u5f53\u305f\u308a\u7d14\u8cc7\u7523\u3000\uff1d\u3000\uff11\u300d\u3068\u306f\u3001\u300c\u682a\u4fa1\u300d\u3068\u300c1\u682a\u3042\u305f\u308a\u7d14\u8cc7\u7523\u300d\u304c\u7b49\u3057\u3044\u3053\u3068\u3092\u6307\u3057\u307e\u3059\u3002<\/p>\n<p>\u3053\u306e<strong>\u300c1\u682a\u5f53\u305f\u308a\u7d14\u8cc7\u7523\u300d\u306f\u3001\u4eee\u306b\u4f01\u696d\u304c\u89e3\u6563\u3057\u305f\u5834\u5408\u306b\u682a\u4e3b\u306e\u624b\u5143\u306b\u6b8b\u308b\u4fa1\u5024\uff08\u89e3\u6563\u4fa1\u5024\uff09\u306b\u76f8\u5f53\u3059\u308b\u3068\u8003\u3048\u3089\u308c\u3066\u3044\u307e\u3059\u3002<\/strong><\/p>\n<p>\u300cPBR\uff1d1\u300d\u3067\u3001\u3053\u306e\u300c\u89e3\u6563\u4fa1\u5024\u300d\u3068\u300c\u682a\u4fa1\u300d\u304c\u7b49\u3057\u3044\u5834\u5408\u306f\u3001\u4eee\u306b\u682a\u4fa1\u3067\u682a\u3092\u8cfc\u5165\u3057\u305f\u5f8c\u306b\u4f01\u696d\u304c\u89e3\u6563\u3057\u305f\u3068\u3057\u3066\u3082\u682a\u4fa1\u3068\u540c\u7b49\u306e\u4fa1\u5024\u304c\u624b\u5143\u306b\u6b8b\u308a\u307e\u3059\u3002\u3053\u306e\u3068\u304d\u306e\u682a\u4fa1\u306f\u300c\u59a5\u5f53\u306a\u4fa1\u683c\uff08\u9069\u6b63\u4fa1\u683c\uff09\u300d\u3068\u5224\u65ad\u3057\u307e\u3059\u3002<\/p>\n<p>\u682a\u4fa1\u304c\u5272\u5b89\u304b\u5272\u9ad8\u304b\u306f\u3001\u300c\u59a5\u5f53\u306a\u4fa1\u683c\uff08\u9069\u6027\u4fa1\u683c\uff09\u300d\u3092\u4e0a\u56de\u308b\u304b\u4e0b\u56de\u308b\u304b\u3067\u5224\u65ad\u3067\u304d\u308b\u305f\u3081\u3001\u3053\u306e\u9069\u6027\u4fa1\u683c\u306e\u72b6\u614b\uff08PBR\uff1d\uff11\u306e\u72b6\u614b\uff09\u304c\u5272\u5b89\u30fb\u5272\u9ad8\u306e\u5224\u65ad\u57fa\u6e96\u3068\u306a\u308a\u307e\u3057\u305f\u3002<\/p>\n<p>\u682a\u4fa1\u304c\u9069\u6027\u4fa1\u683c\u3092\u4e0a\u56de\u308b\u5834\u5408\u3001\u3064\u307e\u308a\u300cPBR\u304c\uff11\u3088\u308a\u5927\u304d\u3044\u300d\u306e\u5834\u5408\u306f\u5272\u9ad8\u3068\u306a\u308a\u3001\u682a\u4fa1\u304c\u9069\u6027\u4fa1\u683c\u3092\u4e0b\u56de\u308b\u5834\u5408\u3001\u3064\u307e\u308a\u300cPBR\u304c\uff11\u3088\u308a\u5c0f\u3055\u3044\u300d\u306e\u5834\u5408\u306f\u5272\u5b89\u3068\u5224\u65ad\u3055\u308c\u307e\u3059\u3002<\/p>\n<p><span style=\"font-size: 14pt;\"><strong>\u25a0PBR\u306e\u5272\u5b89\u30fb\u5272\u9ad8\u306e\u5224\u65ad\u306b\u3064\u3044\u3066\u306e\u5177\u4f53\u4f8b<\/strong><\/span><br \/>\nPBR\u306e\u5272\u5b89\u30fb\u5272\u9ad8\u306e\u5224\u65ad\u306b\u3064\u3044\u3066\u3001\u6b21\u306e\uff21\u793e\u3068\uff22\u793e\u3068C\u793e\u306e\u30b1\u30fc\u30b9\u3067\u5177\u4f53\u7684\u306b\u898b\u3066\u307f\u307e\u3057\u3087\u3046\u3002<\/p>\n<div class=\"attention a-1\">\n<p><strong>&lt;PBR\u306e\u8a08\u7b97\u4f8b&gt;<\/strong><br \/>\n\u3000A\u793e\u3000\u682a\u4fa11000\u5186\u30011\u682a\u5f53\u305f\u308a\u7d14\u8cc7\u7523500\u5186<br \/>\n\u3000B\u793e\u3000\u682a\u4fa11000\u5186\u30011\u682a\u5f53\u305f\u308a\u7d14\u8cc7\u75231000\u5186<br \/>\n\u3000C\u793e\u3000\u682a\u4fa11000\u5186\u30011\u682a\u5f53\u305f\u308a\u7d14\u8cc7\u75232000\u5186<\/p>\n<p>\u3000\u300cPBR(\u682a\u4fa1\u7d14\u8cc7\u7523\u500d\u7387)\uff1d\u682a\u4fa1\u00f7\u4e00\u682a\u5f53\u305f\u308a\u7d14\u8cc7\u7523\u300d\u306b\u57fa\u3065\u3044\u3066\u8a08\u7b97\u3059\u308b\u3068\u4e0b\u8a18\u306e\u901a\u308a\u3068\u306a\u308a\u307e\u3059\u3002<\/p>\n<p>\u3000A\u793e\u306ePER\uff1d1000\u3000\u00f7\u3000500\u3000\uff1d2\u500d<br \/>\n\u3000B\u793e\u306ePER\uff1d1000\u3000\u00f7\u30001000\u3000\uff1d1\u500d<br \/>\n\u3000C\u793e\u306ePER\uff1d1000\u3000\u00f7\u30002000\u3000\uff1d0.5\u500d<\/p>\n<\/div>\n<p>\u3053\u306e\u5834\u5408\u3001<br \/>\nA\u793e\uff1d2\u500d\uff1d\u5272\u9ad8\u682a\u3000\uff1e\u3000\uff22\u793e\uff1d1\u500d\uff1d\u9069\u6027\u4fa1\u683c\u306e\u682a\u3000\uff1e\u3000C\u793e\uff1d0.5\u500d\uff1d\u5272\u5b89\u682a<br \/>\n\u3068\u306a\u308a\u307e\u3059\u3002<\/p>\n<h4>PBR\u306f\u4f55\u500d\u304c\u3044\u3044\u306e\u304b\uff1f<\/h4>\n<p>\u7d50\u8ad6\u304b\u3089\u3044\u3046\u3068\u6b63\u89e3\u306f\u3042\u308a\u307e\u305b\u3093\u3002<\/p>\n<p>PBR\u306f\u3001\u3042\u304f\u307e\u3067\u3082\u4f1a\u793e\u306e\u6301\u3064\u8cc7\u7523\u4fa1\u5024\u306b\u5bfe\u3059\u308b\u682a\u4fa1\u306e\u5272\u5b89\u3001\u5272\u9ad8\u3092\u898b\u308b\u6307\u6a19\u3067\u3059\u3002<br \/>\nPBR1\u500d\u304c\u4e00\u3064\u306e\u76ee\u5b89\u306b\u306f\u306a\u308a\u307e\u3059\u304c\u3001\u4f8b\u3048\u3070\u3001PBR0.7\u306e\u682a\u3092\u8cb7\u3048\u3070\u5fc5\u305a\u4e0a\u304c\u308b\u3068\u3044\u3046\u308f\u3051\u3067\u306f\u3042\u308a\u307e\u305b\u3093\u3002\u9006\u306bPBR\u304c2\u500d\u3001\u3042\u308b\u3044\u306f\u305d\u308c\u4ee5\u4e0a\u306b\u9ad8\u3044\u304b\u3089\u3068\u3044\u3063\u3066\u4e0b\u304c\u308b\u3068\u3044\u3046\u308f\u3051\u3067\u306f\u306a\u3044\u306e\u3067\u3059\u3002<\/p>\n<p>\u3042\u304f\u307e\u3067\u3082\u3001PBR\u306f\u682a\u4fa1\u3092\u8a55\u4fa1\u3059\u308b\u305f\u3081\u306e\u4e00\u3064\u306e\u6307\u6a19\u306b\u904e\u304e\u305a\u3001\u3069\u306e\u7a0b\u5ea6\u306ePBR\u304c\u300c\u826f\u3044\u300d\u3068\u3055\u308c\u308b\u304b\u306f\u3001\u6295\u8cc7\u5bb6\u305d\u308c\u305e\u308c\u306e\u4e3b\u89b3\u7684\u306a\u8981\u7d20\u3082\u591a\u5206\u306b\u542b\u307f\u307e\u3059\u3002<\/p>\n<p>PBR\u3060\u3051\u3092\u898b\u3066\u300c\u4f55\u500d\u3060\u304b\u3089\u8cb7\u3046\uff08\u58f2\u308b\uff09\u300d\u3068\u3044\u3046\u6295\u8cc7\u5224\u65ad\u3092\u3059\u308b\u6027\u8cea\u306e\u3082\u306e\u3067\u306f\u306a\u3044\u3053\u3068\u3092\u307e\u305a\u306f\u62bc\u3055\u3048\u3066\u304a\u304d\u307e\u3057\u3087\u3046\u3002<\/p>\n<p>&nbsp;<\/p>\n<h2 id=\"2\">2. PER\u30fbPBR\u306e\u6d3b\u7528\u5834\u97623\u3064<\/h2>\n<p><img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2022\/05\/image7.jpg\" alt=\"\" width=\"1000\" height=\"666\" class=\"aligncenter size-full wp-image-2370\" srcset=\"https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2022\/05\/image7.jpg 1000w, https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2022\/05\/image7-300x200.jpg 300w, https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2022\/05\/image7-768x511.jpg 768w\" sizes=\"(max-width: 1000px) 100vw, 1000px\" \/><\/p>\n<p><strong>PER\u306f\u300c\u4f01\u696d\u306e\u5229\u76ca\u306b\u5bfe\u3059\u308b\u682a\u4fa1\u306e\u5272\u5b89\u611f\u3092\u793a\u3059\u6307\u6a19\u300d\u3001PBR\u306f\u300c\u4f01\u696d\u306e\u8cc7\u7523\u306b\u5bfe\u3059\u308b\u682a\u4fa1\u306e\u5272\u5b89\u611f\u3092\u793a\u3059\u6307\u6a19\u300d<\/strong>\u3067\u3042\u308b\u3068\u7406\u89e3\u3057\u3066\u3044\u305f\u3060\u3051\u305f\u3053\u3068\u3068\u601d\u3044\u307e\u3059\u3002<\/p>\n<p>\u3055\u3089\u306b\u3053\u3053\u3067\u306f\u3001<strong><span style=\"color: #ff0000;\">PER\u3068PBR\u3092\u3044\u3063\u305f\u3044\u3069\u306e\u3088\u3046\u306a\u5834\u9762\u3067\u6d3b\u7528\u3059\u308b\u304b\u306b\u3064\u3044\u3066\u7d39\u4ecb<\/span><\/strong>\u3057\u307e\u3059\u3002<\/p>\n<p>PER\u3068PBR\u3092\u6d3b\u7528\u3059\u308b\u5834\u9762\u306f\u4f8b\u3048\u3070\u6b21\u306e\u3088\u3046\u306a\u5834\u9762\u3067\u3059\u3002<\/p>\n<p><img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2022\/05\/image1-1.png\" alt=\"PER\u3068PBR\u306e\u6d3b\u7528\u5834\u9762\uff13\u3064\" width=\"1108\" height=\"465\" class=\"aligncenter wp-image-2371 size-full\" srcset=\"https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2022\/05\/image1-1.png 1108w, https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2022\/05\/image1-1-300x126.png 300w, https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2022\/05\/image1-1-1024x430.png 1024w, https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2022\/05\/image1-1-768x322.png 768w\" sizes=\"(max-width: 1108px) 100vw, 1108px\" \/><\/p>\n<p>\u305f\u3060\u3057\u3001<strong>\u3069\u306e\u5834\u9762\u306b\u304a\u3044\u3066\u3082PER\u3068PBR\u306e\u307f\u3067\u5224\u65ad\u3059\u308b\u3053\u3068\u306f\u7981\u7269\u3067\u3059\u3002<\/strong><\/p>\n<p>PER\u3068PBR\u3060\u3051\u3067\u306f\u5272\u5b89\u30fb\u5272\u9ad8\u306e\u8a55\u4fa1\u3068\u3044\u3063\u305f\u7279\u5b9a\u306e\u5074\u9762\u3067\u306e\u8a55\u4fa1\u3057\u304b\u3067\u304d\u306a\u3044\u305f\u3081\u3001\u5fc5\u305a\u53c2\u8003\u3068\u3057\u3066\u6319\u3052\u305f\u4ed6\u306e\u6307\u6a19\u306a\u3069\u3068\u5408\u308f\u305b\u3066\u5224\u65ad\u3059\u308b\u3088\u3046\u306b\u3057\u307e\u3057\u3087\u3046\u3002<\/p>\n<p>\u305d\u308c\u3067\u306f\u5177\u4f53\u7684\u306b\u898b\u3066\u3044\u304d\u307e\u3057\u3087\u3046\u3002<\/p>\n<h3 id=\"2-1\">2-1. \u6295\u8cc7\u3059\u308b\u682a\u3092\u9078\u3076\u3068\u304d<\/h3>\n<p><span style=\"color: #ff0000;\"><strong>\u6295\u8cc7\u3059\u308b\u682a\u3092\u9078\u3076\u3068\u304d\u306b\u3001PER\u3068PBR\u3092\u6d3b\u7528\u3059\u308b\u3053\u3068\u304c\u3067\u304d\u307e\u3059\u3002<\/strong><\/span><\/p>\n<p>PER\u3068PBR\u3067\u5272\u5b89\u682a\u3092\u63a2\u3057\u3001\u305d\u306e\u5f8c\u3001\u9069\u6027\u306a\u4fa1\u683c\u3078\u3068\u682a\u4fa1\u304c\u4e0a\u6607\u3057\u3066\u3044\u3051\u3070\u5229\u76ca\u304c\u5f97\u3089\u308c\u307e\u3059\u3002<\/p>\n<p><strong>\u305f\u3060\u3057\u3001\u6ce8\u610f\u3057\u305f\u3044\u70b9\u306f\u3001PER\u3068PBR\u3060\u3051\u3067\u306f\u3001\u5c06\u6765\u682a\u4fa1\u304c\u9069\u6027\u4fa1\u683c\u3078\u3068\u4e0a\u304c\u308b\u304b\u3069\u3046\u304b\u306e\u5224\u65ad\u307e\u3067\u306f\u3067\u304d\u306a\u3044\u3053\u3068\u3067\u3059\u3002<\/strong><\/p>\n<p>\u4eca\u5f8c\u3001\u682a\u4fa1\u304c\u4e0a\u304c\u308b\u304b\u3069\u3046\u304b\u306b\u3064\u3044\u3066\u306f\u3001\u4ed6\u306e\u6307\u6a19\u3092\u4f7f\u3063\u3066\u8003\u3048\u308b\u5fc5\u8981\u304c\u3042\u308a\u307e\u3059\u3002\u4f8b\u3048\u3070\u3001\u300c\u55b6\u696d\u5229\u76ca\u7387\uff08\u55b6\u696d\u5229\u76ca\u00f7\u58f2\u4e0a\u9ad8\u3067\u7b97\u51fa\uff09\u300d\u304c\u4e0a\u6607\u3057\u3066\u3044\u308b\u304b\u3069\u3046\u304b\u3092\u78ba\u8a8d\u3059\u308b\u306a\u3069\u3001\u5225\u306e\u6307\u6a19\u3067\u5c06\u6765\u6027\u3084\u6210\u9577\u529b\u3092\u78ba\u8a8d\u3059\u308b\u3088\u3046\u306b\u3057\u307e\u3057\u3087\u3046\u3002<\/p>\n<p><a href=\"https:\/\/official.gfs.tokyo\/blog\/stock-investment-beginner#10\">\u682a\u521d\u5fc3\u8005\u3067\u3082\u4e0a\u304c\u308a\u3084\u3059\u3044\u682a\u3092\u898b\u3064\u3051\u308b10\u306e\u9805\u76ee<\/a>\u3000\u3067\u306f\u3001\u682a\u521d\u5fc3\u8005\u304c\u682a\u3092\u9078\u3076\u3068\u304d\u306b\u30c1\u30a7\u30c3\u30af\u3059\u3079\u304d\u30dd\u30a4\u30f3\u30c8\u3092\u307e\u3068\u3081\u3066\u3044\u307e\u3059\u3002<\/p>\n<p><img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2024\/02\/PERPBR\u30002\uff0d1-1024x512.png\" alt=\"PER\u30fbPBR\u3067\u682a\u3092\u9078\u3076\u3068\u304d\u306e\u6ce8\u610f\u70b9\" width=\"868\" height=\"434\" class=\"aligncenter size-large wp-image-12348\" srcset=\"https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2024\/02\/PERPBR\u30002\uff0d1-1024x512.png 1024w, https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2024\/02\/PERPBR\u30002\uff0d1-300x150.png 300w, https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2024\/02\/PERPBR\u30002\uff0d1-768x384.png 768w, https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2024\/02\/PERPBR\u30002\uff0d1.png 1200w\" sizes=\"(max-width: 868px) 100vw, 868px\" \/><\/p>\n<h3 id=\"2-2\">2-2. \u682a\u3092\u624b\u653e\u3059\u30bf\u30a4\u30df\u30f3\u30b0\u3092\u77e5\u308a\u305f\u3044\u3068\u304d<\/h3>\n<p><span style=\"color: #ff0000;\"><strong>PER\u3068PBR\u306f\u682a\u3092\u624b\u653e\u3059\u30bf\u30a4\u30df\u30f3\u30b0\u3092\u6e2c\u308b\u3068\u304d\u306b\u3082\u4f7f\u3048\u307e\u3059\u3002<\/strong><\/span><\/p>\n<p>\u4f8b\u3048\u3070\u3001\u300cPER15\u500d\u524d\u5f8c\u3067\u5272\u5b89\u306b\u8cfc\u5165\u3057\u305f\u682a\u304c\u3001\u305d\u306e\u5f8cPER30\u500d\u306a\u3069\u5272\u9ad8\u306a\u6c34\u6e96\u3067\u9ad8\u6b62\u307e\u308a\u3057\u3066\u3057\u307e\u3063\u305f\u300d\u3068\u3044\u3046\u5834\u5408\u306b\u306f\u3001\u305d\u306e\u5f8c\u3001\u682a\u4fa1\u304c\u9069\u6027\u4fa1\u683c\u306b\u4e0b\u843d\u3059\u308b\u53ef\u80fd\u6027\u304c\u9ad8\u3044\u3042\u308b\u305f\u3081\u3001\u682a\u3092\u624b\u653e\u3059\u5224\u65ad\u304c\u3067\u304d\u307e\u3059\u3002<\/p>\n<p>\u305f\u3060\u3057\u3001PER\u3060\u3051\u3067\u306f\u5224\u65ad\u3067\u304d\u306a\u3044\u6210\u9577\u6027\u3084\u53ce\u76ca\u6027\u3068\u3044\u3063\u305f\u4e8b\u60c5\u3067\u682a\u4fa1\u304c\u9ad8\u304f\u306a\u308aPER\u304c\u9ad8\u6b62\u307e\u3063\u3066\u3044\u308b\u53ef\u80fd\u6027\u3082\u3042\u308b\u305f\u3081\u3001\u4ed6\u306e\u6307\u6a19\u3084\u60c5\u5831\u3068\u5408\u308f\u305b\u3066\u5224\u65ad\u3057\u307e\u3057\u3087\u3046\u3002<\/p>\n<p>\u4f8b\u3048\u3070\u3001\u300c\u55b6\u696d\u5229\u76ca\u300d\u3084\u300cEPS\uff08\u4e00\u682a\u3042\u305f\u308a\u7d14\u5229\u76ca\uff09\u300d\u306e\u63a8\u79fb\u3067\u6210\u9577\u6027\u3092\u78ba\u8a8d\u3057\u305f\u308a\u3001\u6280\u8853\u9769\u65b0\u3084\u5546\u54c1\u958b\u767a\u306e\u30cb\u30e5\u30fc\u30b9\u306a\u3069\u3067\u5c06\u6765\u6027\u3092\u78ba\u8a8d\u3057\u305f\u308a\u3059\u308b\u3088\u3046\u306b\u3057\u307e\u3057\u3087\u3046\u3002<\/p>\n<p><img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2024\/02\/PERPBR\u30002\uff0d2-1024x512.png\" alt=\"\u682a\u3092\u624b\u653e\u3059\u30bf\u30a4\u30df\u30f3\u30b0\u5224\u65ad\u3059\u308b\u3068\u304d\u306e\u30dd\u30a4\u30f3\u30c8\" width=\"868\" height=\"434\" class=\"aligncenter size-large wp-image-12347\" srcset=\"https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2024\/02\/PERPBR\u30002\uff0d2-1024x512.png 1024w, https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2024\/02\/PERPBR\u30002\uff0d2-300x150.png 300w, https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2024\/02\/PERPBR\u30002\uff0d2-768x384.png 768w, https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2024\/02\/PERPBR\u30002\uff0d2.png 1200w\" sizes=\"(max-width: 868px) 100vw, 868px\" \/><\/p>\n<h3 id=\"2-3\">2-3. \u5e02\u5834\u5168\u4f53\u304c\u5024\u4e0b\u304c\u308a\u3057\u3066\u3044\u308b\u3068\u304d<\/h3>\n<p><span style=\"color: #ff0000;\"><strong>\u5e02\u5834\u5168\u4f53\u304c\u5024\u4e0b\u304c\u308a\u3057\u3066\u3044\u3066\u682a\u306e\u8cfc\u5165\u3092\u8ff7\u3063\u3066\u3044\u308b\u5834\u5408\u306a\u3069\u306f\u3001PBR\u3067\u5272\u5b89\u682a\u3092\u63a2\u3059\u3053\u3068\u304c\u304a\u3059\u3059\u3081\u3067\u3059\u3002<\/strong><\/span><\/p>\n<p>\u5e02\u5834\u5168\u4f53\u304c\u5024\u4e0b\u304c\u308a\u3057\u3066\u3044\u308b\u5834\u5408\u306f\u3001\u666e\u6bb5\u306f\u4eba\u6c17\u306e\u3042\u308b\u512a\u826f\u4f01\u696d\u3067\u3082\u682a\u4fa1\u304c\u4e0b\u304c\u308aPBR\u304c1\u4ee5\u4e0b\u3067\u4f4e\u8ff7\u3059\u308b\u3053\u3068\u304c\u3042\u308a\u307e\u3059\u3002\u305d\u3046\u3057\u305f\u682a\u306f\u76f8\u5834\u5168\u4f53\u304c\u56de\u5fa9\u3057\u305f\u3068\u304d\u306b\u3001\u4ed6\u306e\u9298\u67c4\u306b\u6bd4\u3079\u3066\u9069\u6027\u4fa1\u683c\u306b\u623b\u308a\u3084\u3059\u304f\u3001\u5272\u5b89\u3068\u8a00\u3048\u307e\u3059\u3002<\/p>\n<p>\u305f\u3060\u3057\u3001\u3053\u306e\u5834\u5408\u3082\u3001\u512a\u826f\u4f01\u696d\u304b\u3069\u3046\u304b\u3092\u5224\u65ad\u3059\u308b\u305f\u3081\u8ca1\u52d9\u72b6\u6cc1\u3092\u3088\u304f\u78ba\u8a8d\u3059\u308b\u5fc5\u8981\u304c\u3042\u308a\u307e\u3059\u3002<\/p>\n<p>\u4f8b\u3048\u3070\u3001\u8d64\u5b57\u3092\u6570\u5e74\u62b1\u3048\u3066\u3044\u3066\u5c06\u6765\u7d14\u8cc7\u7523\u306e\u53d6\u308a\u5d29\u3057\u304c\u60f3\u5b9a\u3055\u308c\u308b\u3068\u3044\u3063\u305f\u30b1\u30fc\u30b9\u306f\u907f\u3051\u306a\u3051\u308c\u3070\u306a\u308a\u307e\u305b\u3093\u3002\u305d\u306e\u305f\u3081\u3001\u300c\u55b6\u696d\u5229\u76ca\u300d\u3084\u300cEPS\uff08\u4e00\u682a\u3042\u305f\u308a\u7d14\u5229\u76ca\uff09\u300d\u306a\u3069\u3092\u898b\u308b\u306a\u3069\u3057\u3066\u8ca1\u52d9\u72b6\u6cc1\u3092\u4f75\u305b\u3066\u78ba\u8a8d\u3059\u308b\u3088\u3046\u306b\u3057\u307e\u3057\u3087\u3046\u3002<\/p>\n<p>\u3053\u3053\u307e\u3067PER\/PBR\u304c\u3069\u306e\u3088\u3046\u306a\u6307\u6a19\u306a\u306e\u304b\u3092\u89e3\u8aac\u3057\u3066\u304d\u307e\u3057\u305f\u3002<\/p>\n<p>\u79c1\u305f\u3061\u306e\u904b\u55b6\u3059\u308b\u6295\u8cc7\u30b9\u30af\u30fc\u30ebGFS\u306e\u751f\u5f92\u3055\u3093\u306b\u7d4c\u6e08\u6307\u6a19\u3084\u682a\u306e\u77e5\u8b58\u3092\u52c9\u5f37\u3057\u305f\u4f53\u9a13\u8ac7\u3092\u805e\u304d\u3057\u305f\u30a4\u30f3\u30bf\u30d3\u30e5\u30fc\u8a18\u4e8b\u3082\u3042\u308b\u306e\u3067\u3001\u6c17\u306b\u306a\u308b\u65b9\u306f\u53c2\u8003\u306b\u3057\u3066\u307f\u3066\u304f\u3060\u3055\u3044\u3002<\/p>\n<div class=\"xcd-attention-3 xcd-col2 xcd-ripple\">\n<div class=\"xcd-title\">\u682a\u306e\u57fa\u790e\u77e5\u8b58\u3092\u8eab\u306b\u3064\u3051\u3066\u3001FX\u304b\u3089\u500b\u5225\u682a\u58f2\u8cb7\u306b\u30b7\u30d5\u30c8\u3057\u305fT\u3055\u3093\uff0840\u4ee3\u30fb\u7537\u6027\uff09<\/div>\n<div class=\"xcd-content\"><span>10\u5e74\u9593\u306b\u308f\u305f\u3063\u3066\u500b\u5225\u682a\u3001FX\u306e\u53d6\u5f15\u3092\u884c\u3063\u3066\u304d\u305f\u3082\u306e\u306e\u3001\u8ca0\u3051\u7d9a\u304d\u3060\u3063\u305f\u3068\u3044\u3046T\u3055\u3093<\/span>\u3002<\/p>\n<p><em>\u300c\u4eca\u307e\u3067\u306fFX\u304c\u4e2d\u5fc3\u3060\u3063\u305f\u306e\u3067\u3059\u304c\u3001FX\u3092\u3084\u3081\u3066\u500b\u5225\u682a\u58f2\u8cb7\u306b\u30b7\u30d5\u30c8\u3067\u304d\u307e\u3057\u305f\u3002<\/em><\/p>\n<p><em>\u30c6\u30af\u30cb\u30ab\u30eb\u5206\u6790\u3057\u304b\u884c\u3063\u3066\u3044\u306a\u304b\u3063\u305f\u306e\u3067\u3001\u7d4c\u6e08\u6307\u6a19\u304c\u682a\u4fa1\u7b49\u306b\u3069\u306e\u3088\u3046\u306a\u5f71\u97ff\u3092\u53ca\u307c\u3059\u304b\u5206\u304b\u3063\u3066\u3044\u306a\u304b\u3063\u305f\u306e\u3067\u3059\u304c\u3001GFS\u306b\u5165\u6821\u3057\u305f\u3053\u3068\u3067\u6295\u8cc7\u306b\u5fc5\u8981\u306a\u77e5\u8b58\u3092\u5f97\u308b\u3053\u3068\u304c\u3067\u304d\u307e\u3057\u305f\u3002<\/em><\/p>\n<p><em>\u4eca\u307e\u3067\u306f\u4e38\u8170\u3067\u6226\u5834\u306b\u5411\u304b\u3063\u3066\u3044\u305f\u306e\u304c\u3001\u3061\u3083\u3093\u3068\u3057\u305f\u6b66\u5668\u3068\u9632\u5177\u3092\u88c5\u5099\u3057\u3066\u6226\u5834\u306b\u5411\u304b\u3048\u308b\u3088\u3046\u306b\u306a\u3063\u305f\u611f\u3058\u3067\u3057\u305f\u300d<\/p>\n<p><\/em>&gt;&gt; \u30a4\u30f3\u30bf\u30d3\u30e5\u30fc\u5168\u6587\u306f\u3053\u3061\u3089\u3067\u8aad\u3081\u307e\u3059<br \/>\n<a href=\"https:\/\/official.gfs.tokyo\/blog\/student-interview-ty\">\u6295\u8cc7\u6b7410\u5e74\u3001GFS\u306b\u5165\u6821\u5f8c\u6295\u8cc7\u30b9\u30bf\u30a4\u30eb\u3092\u5909\u3048\u3066\u81ea\u4fe1\u304c\u3082\u3066\u305f40\u4ee3\u7537\u6027<\/a><\/p>\n<\/div>\n<\/div>\n<h2 id=\"3\">3. PER\u3068PBR\u3069\u3061\u3089\u304c\u91cd\u8981\u306a\u306e\u304b<\/h2>\n<p><img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2022\/05\/image9.jpg\" alt=\"\" width=\"1000\" height=\"667\" class=\"aligncenter size-full wp-image-2372\" srcset=\"https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2022\/05\/image9.jpg 1000w, https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2022\/05\/image9-300x200.jpg 300w, https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2022\/05\/image9-768x512.jpg 768w\" sizes=\"(max-width: 1000px) 100vw, 1000px\" \/><\/p>\n<p>PER\u3068PBR\u306e\u6d3b\u7528\u5834\u9762\u306b\u3064\u3044\u3066\u304a\u4f1d\u3048\u3057\u307e\u3057\u305f\u3002<\/p>\n<p>\u3057\u304b\u3057\u3001\u300c\u7d50\u5c40\u306e\u3068\u3053\u308dPER\u3068PBR\u306e\u3069\u3061\u3089\u3092\u898b\u308b\u3079\u304d\uff08\u91cd\u8981\uff09\u306a\u306e\uff1f\u300d\u3068\u6c17\u306b\u306a\u308b\u306e\u3067\u306f\u306a\u3044\u3067\u3057\u3087\u3046\u304b\u3002<\/p>\n<p><span style=\"color: #ff0000;\"><strong>PER\u3068PBR\u306e\u3069\u3061\u3089\u304c\u91cd\u8981\u304b\u306b\u3064\u3044\u3066\u306f\u4e00\u6982\u306b\u306f\u8a00\u3048\u307e\u305b\u3093\u304c\u3001<\/strong><\/span><\/p>\n<ul>\n<li><span style=\"color: #ff0000;\"><strong>\u77ed\u671f\u6295\u8cc7\u306b\u306fPER<\/strong><\/span><\/li>\n<li><span style=\"color: #ff0000;\"><strong>\u9577\u671f\u6295\u8cc7\u306b\u306fPBR<\/strong><\/span><\/li>\n<\/ul>\n<p><span style=\"color: #ff0000;\"><strong>\u306e\u6ce8\u76ee\u5ea6\u304c\u9ad8\u3044\u3068\u8a00\u3048\u307e\u3059\u3002<\/strong><\/span><\/p>\n<p>PER\u306f\u5229\u76ca\u306b\u5bfe\u3059\u308b\u5272\u5b89\u611f\u3092\u793a\u3059\u6307\u6a19\u3067\u3001\u5229\u76ca\u306f\u77ed\u671f\u7684\u306b\u5927\u304d\u304f\u5909\u52d5\u3059\u308b\u305f\u3081\u3001\u77ed\u671f\u6295\u8cc7\u306e\u5206\u6790\u306b\u5411\u3044\u3066\u304a\u308a\u3001\u77ed\u671f\u6295\u8cc7\u306b\u304a\u3044\u3066\u306f\u6307\u6a19\u306e\u4f7f\u7528\u983b\u5ea6\u3082\u9ad8\u3044\u3068\u8a00\u3048\u307e\u3059\u3002<\/p>\n<p>\u4e00\u65b9\u306ePBR\u306f\u3001\u7d14\u8cc7\u7523\u306b\u5bfe\u3059\u308b\u5272\u5b89\u611f\u3092\u793a\u3059\u6307\u6a19\u3067\u3001\u7d14\u8cc7\u7523\u306f\u77ed\u671f\u7684\u306b\u306f\u5909\u52d5\u3057\u306a\u3044\u305f\u3081\u77ed\u671f\u5206\u6790\u306b\u306f\u5411\u3044\u3066\u3044\u307e\u305b\u3093\u3002\u305d\u306e\u53cd\u9762\u300110\u5e74\u3092\u8d85\u3048\u308b\u3088\u3046\u306a\u9577\u671f\u6295\u8cc7\u3092\u8003\u3048\u308b\u969b\u306b\u306f\u6709\u52b9\u3068\u8a00\u308f\u308c\u3066\u3044\u307e\u3059\u3002<\/p>\n<p><strong>PER\u3084PBR\u306f\u3069\u3061\u3089\u3082\u91cd\u8981\u306a\u6307\u6a19\u3067\u3059\u304c\u3001\u77ed\u671f\u6295\u8cc7\u304b\u9577\u671f\u6295\u8cc7\u304b\u306a\u3069\u4f7f\u3046\u76ee\u7684\u3084\u5834\u9762\u306b\u3088\u3063\u3066\u4f7f\u3044\u5206\u3051\u308b\u3088\u3046\u306b\u3057\u307e\u3057\u3087\u3046\u3002<\/strong><\/p>\n<div class=\"xcd-attention-6 xcd-col5 xcd-ripple\">\n<div class=\"xcd-title-wrap\">\n<div class=\"xcd-title\">\u3042\u306a\u305f\u306f\u3069\u306e\u65b9\u6cd5\u3067\u5229\u76ca\u3092\u51fa\u3057\u305f\u3044\u3067\u3059\u304b\uff1f<\/div>\n<\/div>\n<div class=\"xcd-content\">\n<p><span style=\"font-size: 14pt;\"><strong>\uff11\uff0e\u5e74\u52293\uff05\u3067\u30b3\u30c4\u30b3\u30c4\u9577\u671f\u904b\u7528\u3057\u305f\u3044<\/strong><\/span><br \/>\n<span style=\"font-size: 14pt;\"><strong>\uff12\uff0e\u5e74\u522910\uff05\u306730\u5e74\u304b\u3051\u3066\u8cc7\u91d1\u3092\u3064\u304f\u308a\u305f\u3044<\/strong><\/span><br \/>\n<span style=\"font-size: 14pt;\"><strong>\uff13\uff0e\u5e74\u522925\uff05\u3067\u6700\u77ed\u3067\u5229\u76ca\u3092\u51fa\u3057\u305f\u3044<\/strong><\/span><br \/>\n<span style=\"font-size: 14pt;\"><strong>\uff14\uff0e\u5168\u529b\u3067\u6295\u8cc7\u3092\u52c9\u5f37\u3057\u3066\u5e74\u522950\uff05\u3092\u76ee\u6307\u3057\u305f\u3044<\/strong><\/span><\/p>\n<p><a href=\"https:\/\/toushi-up.com\/ow\/05.html?argument=XJhet6w1&amp;dmai=a64e31f9ee75a0\"><span style=\"font-size: 14pt;\"><strong>\u5b9f\u8df5\u3059\u308b\u65b9\u6cd5\u306f\u3001\u3053\u3061\u3089\u3067\u308f\u304b\u308a\u307e\u3059\u3000\u2192 \u8a73\u3057\u304f\u898b\u3066\u307f\u308b<\/strong><\/span><\/a><\/p>\n<\/div>\n<\/div>\n<h2 id=\"4\">4. PER\u3068PBR\u306e\u898b\u65b9\u30fb\u4f7f\u3044\u65b9<\/h2>\n<p><img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2022\/05\/image10.jpg\" alt=\"\" width=\"1000\" height=\"667\" class=\"aligncenter size-full wp-image-2373\" srcset=\"https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2022\/05\/image10.jpg 1000w, https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2022\/05\/image10-300x200.jpg 300w, https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2022\/05\/image10-768x512.jpg 768w\" sizes=\"(max-width: 1000px) 100vw, 1000px\" \/><\/p>\n<p>PER\u3068PBR\u306e\u6d3b\u7528\u5834\u9762\u306b\u3064\u3044\u3066\u304a\u4f1d\u3048\u3057\u307e\u3057\u305f\u3002<\/p>\n<p>\u6b21\u306b\u3001\u5b9f\u969b\u306bPER\u3068PBR\u3092\u6d3b\u7528\u3059\u308b\u306b\u3042\u305f\u3063\u3066\u3001\u3069\u306e\u3088\u3046\u306b\u4f7f\u3048\u3070\u3044\u3044\u306e\u304b\u7d39\u4ecb\u3057\u307e\u3059\u3002<\/p>\n<p>\u4f7f\u3044\u65b9\u306b\u3064\u3044\u3066\u306f\u3001\u300c<a href=\"#1\">1. PER\u3068PBR\u306f\u682a\u306e\u5272\u5b89\u30fb\u5272\u9ad8\u611f\u3092\u77e5\u308b\u305f\u3081\u306b\u6291\u3048\u3066\u304a\u304d\u305f\u3044\u6307\u6a19<\/a>\u300d\u3067\u3082\u4e0b\u8a18\u306e\u70b9\u306b\u3064\u3044\u3066\u5c11\u3057\u89e3\u8aac\u3057\u307e\u3057\u305f\u3002<\/p>\n<ul>\n<li>PER\u306b\u3064\u3044\u3066\u306f\u4f4e\u3044\u65b9\u304c\u5272\u5b89<\/li>\n<li>PBR\u306b\u3064\u3044\u3066\u306f1\u3092\u4e0b\u56de\u308b\u65b9\u304c\u5272\u5b89<\/li>\n<\/ul>\n<p>\u3057\u304b\u3057\u3001\u5b9f\u969b\u306b\u4f7f\u3046\u969b\u306b\u306f\u3001\u5358\u306b\u4e00\u6642\u70b9\u3042\u308b\u3044\u306f\u4e00\u9298\u67c4\u306ePER\u30fbPBR\u306e\u5024\u3092\u898b\u308b\u3060\u3051\u3067\u306f\u3001\u5272\u5b89\u304b\u5272\u9ad8\u304b\u306e\u5224\u65ad\u306f\u3067\u304d\u307e\u305b\u3093\u3002<\/p>\n<p>\u5b9f\u969b\u306b\u4f7f\u3046\u5834\u5408\u306b\u306f\u3001\u304a\u3055\u3048\u3066\u304a\u304f\u3079\u304d\u30dd\u30a4\u30f3\u30c8\u304c\u3042\u308b\u305f\u3081\u3001\u4ee5\u4e0b\u306e\u9806\u3067\u89e3\u8aac\u3057\u307e\u3059\u3002<\/p>\n<p>\u25bcPBR\u3068PBR\u306e\u898b\u65b9\u30fb\u4f7f\u3044\u65b9\u306e\u30dd\u30a4\u30f3\u30c8<\/p>\n<ul>\n<li>PER\u3068PBR\u3092\u3069\u3053\u3067\u898b\u308b\u304b<\/li>\n<li>PER\u306e\u5b9f\u969b\u306e\u898b\u65b9\u30fb\u4f7f\u3044\u65b9<\/li>\n<li>PBR\u306e\u5b9f\u969b\u306e\u898b\u65b9\u30fb\u4f7f\u3044\u65b9<\/li>\n<\/ul>\n<p>\u305d\u308c\u3067\u306f\u5177\u4f53\u7684\u306b\u898b\u3066\u3044\u304d\u307e\u3057\u3087\u3046\u3002<\/p>\n<h3 id=\"4-1\">4-1. PER\u3084PBR\u306f\u4f01\u696d\u306e\u8a3c\u5238\u4f1a\u793e\u3084\u6295\u8cc7\u60c5\u5831\u30b5\u30a4\u30c8\u306e\u9298\u67c4\u7d39\u4ecb\u306a\u3069\u3067\u78ba\u8a8d\u3067\u304d\u308b<\/h3>\n<p><span style=\"color: #ff0000;\"><strong>PER\u3068PBR\u306f\u3001\u8a3c\u5238\u4f1a\u793e\u306e\u9298\u67c4\u691c\u7d22\u753b\u9762\u3001\u682a\u5f0f\u30fb\u6295\u8cc7\u60c5\u5831\u30b5\u30a4\u30c8\u3067\u95b2\u89a7\u30fb\u691c\u7d22\u3059\u308b\u3053\u3068\u304c\u3067\u304d\u307e\u3059\u3002<\/strong><\/span><\/p>\n<p>\u591a\u304f\u306e\u5834\u5408\u3001\u500b\u5225\u9298\u67c4\u3054\u3068\u306e\u7d39\u4ecb\u30da\u30fc\u30b8\u3067\u78ba\u8a8d\u3067\u304d\u305f\u308a\u3001\u9ad8PER\u30e9\u30f3\u30ad\u30f3\u30b0\u30fb\u4f4ePER\u30e9\u30f3\u30ad\u30f3\u30b0\u3068\u3044\u3063\u305f\u3088\u3046\u306a\u30e9\u30f3\u30ad\u30f3\u30b0\u5f62\u5f0f\u306e\u4e00\u89a7\u3067\u78ba\u8a8d\u3067\u304d\u305f\u308a\u3057\u307e\u3059\u3002<\/p>\n<p>&lt;PBR\u30fbPER\u304c\u95b2\u89a7\u3067\u304d\u308b\u30b5\u30a4\u30c8\u306e\u4f8b&gt;<\/p>\n<ul>\n<li><a href=\"https:\/\/finance.yahoo.co.jp\/stocks\/ranking\/highPer?market=all&amp;term=daily\">Yahoo\uff01\u30d5\u30a1\u30a4\u30ca\u30f3\u30b9<\/a><\/li>\n<li><a href=\"https:\/\/minkabu.jp\/financial_item_ranking\/per\">MINKABU<\/a><\/li>\n<\/ul>\n<p><strong>\u307b\u3068\u3093\u3069\u306e\u30b5\u30a4\u30c8\u3067\u306f\u3001PER\u306f\u300c\u4e88\u60f3PER\u300d\u3068\u8868\u793a\u3055\u308c\u3066\u3044\u308b\u305f\u3081\u3001PER\u306f\u300c\u4e88\u60f3PER\u300d\u306e\u6570\u5024\u3067\u78ba\u8a8d\u3057\u307e\u3057\u3087\u3046\u3002<\/strong><\/p>\n<p>\u4e88\u60f3PER\u3067\u306f\u3001\u300c\u4e00\u682a\u5f53\u305f\u308a\u7d14\u5229\u76ca\u300d\u306b\u3064\u3044\u3066\u3001\u904e\u53bb\u306e\u5b9f\u7e3e\u5024\u3067\u306f\u306a\u304f\u3001\u4f1a\u793e\u304c\u4e88\u60f3\u3057\u305f\u4eca\u5f8c\u306e\u6c7a\u7b97\u306e\u300c\u7d14\u5229\u76ca\u300d\u3092\u4f7f\u7528\u3057\u3066\u3044\u307e\u3059\u3002\u4e88\u60f3\u7d14\u5229\u76ca\u3092\u4f7f\u3046\u7406\u7531\u306f\u3001\u682a\u4fa1\u304c\u904e\u53bb\u306e\u696d\u7e3e\u3067\u306f\u306a\u304f\u4eca\u5f8c\u306e\u696d\u7e3e\u3092\u60f3\u5b9a\u3057\u3066\u52d5\u304f\u305f\u3081\u3067\u3059\u3002<\/p>\n<p><strong>PBR\u306b\u3064\u3044\u3066\u306f\u3001\u300c\u5b9f\u7e3ePER\u300d\u3068\u8868\u793a\u3055\u308c\u3066\u3044\u308b\u305f\u3081\u300c\u5b9f\u7e3ePBR\u300d\u306e\u6570\u5024\u3092\u78ba\u8a8d\u3057\u307e\u3059\u3002<\/strong><\/p>\n<p>\u5b9f\u7e3ePBR\u3067\u306f\u3001\u5b9f\u7e3e\u30d9\u30fc\u30b9\u306e1\u682a\u5f53\u305f\u308a\u7d14\u8cc7\u7523\u306e\u5024\u3067\u8a08\u7b97\u3055\u308c\u3066\u3044\u307e\u3059\u3002\u3053\u308c\u306f\u8a08\u7b97\u306b\u4f7f\u3046\u7d14\u8cc7\u7523\u306f\u77ed\u671f\u3067\u306f\u5927\u304d\u306a\u5909\u52d5\u304c\u306a\u3044\u305f\u3081\u5b9f\u7e3e\u304c\u5229\u7528\u3055\u308c\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>PER\u3084PBR\u306f\u4ee3\u8868\u7684\u306a\u6295\u8cc7\u6307\u6a19\u306e\u305f\u3081\u3001\u307b\u3068\u3093\u3069\u306e\u8a3c\u5238\u4f1a\u793e\u306e\u30b5\u30a4\u30c8\u3084\u6295\u8cc7\u60c5\u5831\u306e\u30b5\u30a4\u30c8\u3067\u78ba\u8a8d\u3067\u304d\u307e\u3059\u3002\u81ea\u5206\u304c\u4f7f\u3044\u3084\u3059\u3044\u3068\u601d\u3046\u30b5\u30a4\u30c8\u3092\u9078\u3093\u3067\u78ba\u8a8d\u3059\u308b\u3088\u3046\u306b\u3057\u307e\u3057\u3087\u3046\u3002<\/p>\n<h3 id=\"4-2\">4-2. PER\uff08\u682a\u4fa1\u53ce\u76ca\u7387\uff09\u306e\u898b\u65b9\u30fb\u4f7f\u3044\u65b9<\/h3>\n<p>\u3053\u3053\u304b\u3089\u306f\u500b\u5225\u6307\u6a19\u306e\u898b\u65b9\u3092\u9806\u306b\u7d39\u4ecb\u3057\u307e\u3059\u3002<\/p>\n<p>\u307e\u305a\u306f\u3001<strong>PER\u306e\u898b\u65b9\u30fb\u4f7f\u3044\u65b9<\/strong>\u306b\u3064\u3044\u3066\u898b\u3066\u307f\u307e\u3057\u3087\u3046\u3002<\/p>\n<p><strong>PER\u306f\u300c\u2613\u2613\u500d\u4ee5\u4e0a\u3060\u3068\u5272\u5b89\u300d\u3068\u3044\u3063\u305f\u898b\u65b9\u3092\u3059\u308b\u306e\u3067\u306f\u306a\u304f\u3001\u4ed6\u306e\u9298\u67c4\u306ePER\u306a\u3069\u3068\u6bd4\u8f03\u3057\u3066\u5272\u9ad8\u304b\u5272\u5b89\u304b\u3092\u5224\u65ad\u3057\u307e\u3059\u3002<\/strong><\/p>\n<p>\u4f8b\u3048\u3070\u3001\u4e0b\u8a18\u306e\u3088\u3046\u306b\u6bd4\u8f03\u3057\u3066\u4f7f\u3044\u307e\u3059\u3002<\/p>\n<ul>\n<li>\u65e5\u7d4c\u5e73\u5747\u682a\u4fa1\u306ePER\uff0815\u500d\u524d\u5f8c\uff09\u3068\u6bd4\u8f03\u3059\u308b<\/li>\n<li>\u540c\u696d\u7a2e\u306ePER\u3068\u6bd4\u8f03\u3059\u308b<\/li>\n<li>\u81ea\u793e\u306e\u904e\u53bb\u306ePER\u3068\u6bd4\u8f03\u3059\u308b<\/li>\n<\/ul>\n<p>\u4ee5\u4e0b\u3067\u8a73\u3057\u304f\u898b\u3066\u307f\u307e\u3057\u3087\u3046\u3002<\/p>\n<h4 id=\"4-2-1\">4-2-1. \u65e5\u7d4c\u5e73\u5747\u682a\u4fa1\u306ePER\uff0815\u500d\u524d\u5f8c\uff09\u3068\u6bd4\u8f03\u3059\u308b<\/h4>\n<p><span style=\"color: #ff0000;\"><strong>\u65e5\u7d4c\u5e73\u5747\u682a\u4fa1\u306ePER\u306f\u9577\u5e7414\uff5e16\u500d\u3067\u63a8\u79fb\u3057\u3066\u3044\u305f\u3053\u3068\u3082\u3042\u308a\u3001PER\u306e\u76ee\u5b89\u306f15\u500d\u3068\u8a00\u308f\u308c\u3066\u3044\u307e\u3059\u3002<\/strong><\/span><\/p>\n<p>PER\u304c\u3053\u306e15\u500d\u3088\u308a\u3082\u9ad8\u3044\u304b\u4f4e\u3044\u304b\u304c\u3001\u5272\u5b89\u30fb\u5272\u9ad8\u306e\u76ee\u5b89\u306e\u3072\u3068\u3064\u3068\u306a\u308a\u307e\u3059\u3002<\/p>\n<p>\u305f\u3060\u3057\u30012020\u5e748\u6708\u304b\u30892022\u5e743\u6708\u6642\u70b9\u307e\u3067\u306f\u3001\u30b3\u30ed\u30ca\u798d\u3067\u682a\u4fa1\u304c\u4e0a\u6607\u3001\u304b\u30641\u682a\u5f53\u305f\u308a\u7d14\u5229\u76ca\u304c\u6e1b\u5c11\u3057\u305f\u305f\u3081\u3001\u65e5\u7d4c\u5e73\u5747\u306ePER\u306f20\uff5e25\u500d\u524d\u5f8c\u3067\u63a8\u79fb\u3057\u3066\u3044\u307e\u3059\u3002\u3057\u304b\u3057\u73fe\u5728(2023\u5e7412\u67087\u65e5\u6642\u70b9)\u306e\u65e5\u7d4c\u5e73\u5747\u306ePER\u306f\u7d0415\u500d\u3068\u306a\u3063\u3066\u3044\u307e\u3059\u306e\u3067\u3001\u6700\u65b0\u306e\u60c5\u5831\u3092\u5e38\u306b\u78ba\u8a8d\u3055\u308c\u308b\u3053\u3068\u3092\u30aa\u30b9\u30b9\u30e1\u3057\u307e\u3059\u3002<\/p>\n<h4 id=\"4-2-2\">4-2-2. \u540c\u696d\u7a2e\u306ePER\u3068\u6bd4\u8f03\u3059\u308b<\/h4>\n<p><strong><span style=\"color: #ff0000;\">PER\u306e\u76f8\u5834\u306f\u3001\u696d\u754c\u3054\u3068\u3067\u6c34\u6e96\u304c\u7570\u306a\u308b\u305f\u3081\u3001\u540c\u696d\u7a2e\u3067\u6bd4\u8f03\u3057\u307e\u3059\u3002<\/span><\/strong><\/p>\n<p>\u53c2\u8003\u307e\u3067\u306b\u696d\u7a2e\u5225\u306ePER\u306e\u6c34\u6e96\u3092\u6319\u3052\u308b\u3068\u4e0b\u8a18\u306e\u901a\u308a\u3067\u3059\u3002<\/p>\n<table style=\"width: 100%; height: 2430px;\">\n<tbody>\n<tr style=\"height: 73px;\">\n<td colspan=\"2\" style=\"width: 99.865%; background-color: #841f11; height: 73px;\">\n<p style=\"text-align: center;\"><span style=\"color: #ffffff; font-size: 14pt;\"><b>\u3010\u30d7\u30e9\u30a4\u30e0\u5e02\u5834\u696d\u754c\u5225PER\u4e00\u89a7\u3011<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr style=\"height: 73px;\">\n<td style=\"width: 60.7287%; background-color: #0e5ac8; height: 73px;\">\n<p style=\"text-align: center;\"><span style=\"font-size: 14pt; color: #ffffff;\"><b>\u696d\u7a2e<\/b><\/span><\/p>\n<\/td>\n<td style=\"width: 39.1363%; background-color: #0e5ac8; height: 73px;\">\n<p style=\"text-align: center;\"><span style=\"font-size: 14pt; color: #ffffff;\"><b>PER\uff08\u500d\uff09<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr style=\"height: 73px;\">\n<td style=\"width: 60.7287%; background-color: #d9d9d9; height: 73px;\">\n<p><strong><span style=\"font-size: 14pt;\">\u7dcf\u5408<\/span><\/strong><\/p>\n<\/td>\n<td style=\"width: 39.1363%; background-color: #d9d9d9; height: 73px;\">\n<p><strong><span style=\"font-size: 14pt;\">16.0<\/span><\/strong><\/p>\n<\/td>\n<\/tr>\n<tr style=\"height: 67px;\">\n<td style=\"width: 60.7287%; height: 67px;\">\n<p><span style=\"font-weight: 400;\">1 \u6c34\u7523\u30fb\u8fb2\u6797\u696d<\/span><\/p>\n<\/td>\n<td style=\"width: 39.1363%; height: 67px;\">\n<p><span style=\"font-weight: 400;\">12.4<\/span><\/p>\n<\/td>\n<\/tr>\n<tr style=\"height: 67px;\">\n<td style=\"width: 60.7287%; height: 67px;\">\n<p><span style=\"font-weight: 400;\">2 \u9271\u696d<\/span><\/p>\n<\/td>\n<td style=\"width: 39.1363%; height: 67px;\">\n<p><span style=\"font-weight: 400;\">4.5<\/span><\/p>\n<\/td>\n<\/tr>\n<tr style=\"height: 67px;\">\n<td style=\"width: 60.7287%; height: 67px;\">\n<p><span style=\"font-weight: 400;\">3 \u5efa\u8a2d\u696d<\/span><\/p>\n<\/td>\n<td style=\"width: 39.1363%; height: 67px;\">\n<p><span style=\"font-weight: 400;\">15.1<\/span><\/p>\n<\/td>\n<\/tr>\n<tr style=\"height: 67px;\">\n<td style=\"width: 60.7287%; height: 67px;\">\n<p><span style=\"font-weight: 400;\">4 \u98df\u6599\u54c1<\/span><\/p>\n<\/td>\n<td style=\"width: 39.1363%; height: 67px;\">\n<p><span style=\"font-weight: 400;\">25.9<\/span><\/p>\n<\/td>\n<\/tr>\n<tr style=\"height: 67px;\">\n<td style=\"width: 60.7287%; height: 67px;\">\n<p><span style=\"font-weight: 400;\">5 \u7e4a\u7dad\u88fd\u54c1<\/span><\/p>\n<\/td>\n<td style=\"width: 39.1363%; height: 67px;\">\n<p><span style=\"font-weight: 400;\">21.1<\/span><\/p>\n<\/td>\n<\/tr>\n<tr style=\"height: 67px;\">\n<td style=\"width: 60.7287%; height: 67px;\">\n<p><span style=\"font-weight: 400;\">6 \u30d1\u30eb\u30d7\u30fb\u7d19<\/span><\/p>\n<\/td>\n<td style=\"width: 39.1363%; height: 67px;\">\n<p><span style=\"font-weight: 400;\">30.9<\/span><\/p>\n<\/td>\n<\/tr>\n<tr style=\"height: 67px;\">\n<td style=\"width: 60.7287%; height: 67px;\">\n<p><span style=\"font-weight: 400;\">7 \u5316\u5b66<\/span><\/p>\n<\/td>\n<td style=\"width: 39.1363%; height: 67px;\">\n<p><span style=\"font-weight: 400;\">15.3<\/span><\/p>\n<\/td>\n<\/tr>\n<tr style=\"height: 67px;\">\n<td style=\"width: 60.7287%; height: 67px;\">\n<p><span style=\"font-weight: 400;\">8 \u533b\u85ac\u54c1<\/span><\/p>\n<\/td>\n<td style=\"width: 39.1363%; height: 67px;\">\n<p><span style=\"font-weight: 400;\">22.1<\/span><\/p>\n<\/td>\n<\/tr>\n<tr style=\"height: 67px;\">\n<td style=\"width: 60.7287%; height: 67px;\">\n<p><span style=\"font-weight: 400;\">9 \u77f3\u6cb9\u30fb\u77f3\u70ad\u88fd\u54c1<\/span><\/p>\n<\/td>\n<td style=\"width: 39.1363%; height: 67px;\">\n<p><span style=\"font-weight: 400;\">6.8<\/span><\/p>\n<\/td>\n<\/tr>\n<tr style=\"height: 67px;\">\n<td style=\"width: 60.7287%; height: 67px;\">\n<p><span style=\"font-weight: 400;\">10 \u30b4\u30e0\u88fd\u54c1<\/span><\/p>\n<\/td>\n<td style=\"width: 39.1363%; height: 67px;\">\n<p><span style=\"font-weight: 400;\">13.8<\/span><\/p>\n<\/td>\n<\/tr>\n<tr style=\"height: 67px;\">\n<td style=\"width: 60.7287%; height: 67px;\">\n<p><span style=\"font-weight: 400;\">11 \u30ac\u30e9\u30b9\u30fb\u571f\u77f3\u88fd\u54c1<\/span><\/p>\n<\/td>\n<td style=\"width: 39.1363%; height: 67px;\">\n<p><span style=\"font-weight: 400;\">21.0<\/span><\/p>\n<\/td>\n<\/tr>\n<tr style=\"height: 67px;\">\n<td style=\"width: 60.7287%; height: 67px;\">\n<p><span style=\"font-weight: 400;\">12 \u9244\u92fc<\/span><\/p>\n<\/td>\n<td style=\"width: 39.1363%; height: 67px;\">\n<p><span style=\"font-weight: 400;\">8.1<\/span><\/p>\n<\/td>\n<\/tr>\n<tr style=\"height: 67px;\">\n<td style=\"width: 60.7287%; height: 67px;\">\n<p><span style=\"font-weight: 400;\">13 \u975e\u9244\u91d1\u5c5e<\/span><\/p>\n<\/td>\n<td style=\"width: 39.1363%; height: 67px;\">\n<p><span style=\"font-weight: 400;\">12.4<\/span><\/p>\n<\/td>\n<\/tr>\n<tr style=\"height: 67px;\">\n<td style=\"width: 60.7287%; height: 67px;\">\n<p><span style=\"font-weight: 400;\">14 \u91d1\u5c5e\u88fd\u54c1<\/span><\/p>\n<\/td>\n<td style=\"width: 39.1363%; height: 67px;\">\n<p><span style=\"font-weight: 400;\">15.5<\/span><\/p>\n<\/td>\n<\/tr>\n<tr style=\"height: 67px;\">\n<td style=\"width: 60.7287%; height: 67px;\">\n<p><span style=\"font-weight: 400;\">15 \u6a5f\u68b0<\/span><\/p>\n<\/td>\n<td style=\"width: 39.1363%; height: 67px;\">\n<p><span style=\"font-weight: 400;\">17.4<\/span><\/p>\n<\/td>\n<\/tr>\n<tr style=\"height: 67px;\">\n<td style=\"width: 60.7287%; height: 67px;\">\n<p><span style=\"font-weight: 400;\">16 \u96fb\u6c17\u6a5f\u5668<\/span><\/p>\n<\/td>\n<td style=\"width: 39.1363%; height: 67px;\">\n<p><span style=\"font-weight: 400;\">20.5<\/span><\/p>\n<\/td>\n<\/tr>\n<tr style=\"height: 67px;\">\n<td style=\"width: 60.7287%; height: 67px;\">\n<p><span style=\"font-weight: 400;\">17 \u8f38\u9001\u7528\u6a5f\u5668<\/span><\/p>\n<\/td>\n<td style=\"width: 39.1363%; height: 67px;\">\n<p><span style=\"font-weight: 400;\">16.0<\/span><\/p>\n<\/td>\n<\/tr>\n<tr style=\"height: 67px;\">\n<td style=\"width: 60.7287%; height: 67px;\">\n<p><span style=\"font-weight: 400;\">18 \u7cbe\u5bc6\u6a5f\u5668<\/span><\/p>\n<\/td>\n<td style=\"width: 39.1363%; height: 67px;\">\n<p><span style=\"font-weight: 400;\">12.2<\/span><\/p>\n<\/td>\n<\/tr>\n<tr style=\"height: 67px;\">\n<td style=\"width: 60.7287%; height: 67px;\">\n<p><span style=\"font-weight: 400;\">19 \u305d\u306e\u4ed6\u88fd\u54c1<\/span><\/p>\n<\/td>\n<td style=\"width: 39.1363%; height: 67px;\">\n<p><span style=\"font-weight: 400;\">15.0<\/span><\/p>\n<\/td>\n<\/tr>\n<tr style=\"height: 67px;\">\n<td style=\"width: 60.7287%; height: 67px;\">\n<p><span style=\"font-weight: 400;\">20 \u96fb\u6c17\u30fb\u30ac\u30b9\u696d<\/span><\/p>\n<\/td>\n<td style=\"width: 39.1363%; height: 67px;\">\n<p><span style=\"font-weight: 400;\">35<\/span><\/p>\n<\/td>\n<\/tr>\n<tr style=\"height: 67px;\">\n<td style=\"width: 60.7287%; height: 67px;\">\n<p><span style=\"font-weight: 400;\">21 \u9678\u904b\u696d<\/span><\/p>\n<\/td>\n<td style=\"width: 39.1363%; height: 67px;\">\n<p><span style=\"font-weight: 400;\">14.9<\/span><\/p>\n<\/td>\n<\/tr>\n<tr style=\"height: 67px;\">\n<td style=\"width: 60.7287%; height: 67px;\">\n<p><span style=\"font-weight: 400;\">22 \u6d77\u904b\u696d<\/span><\/p>\n<\/td>\n<td style=\"width: 39.1363%; height: 67px;\">\n<p><span style=\"font-weight: 400;\">2.3<\/span><\/p>\n<\/td>\n<\/tr>\n<tr style=\"height: 67px;\">\n<td style=\"width: 60.7287%; height: 67px;\">\n<p><span style=\"font-weight: 400;\">23 \u7a7a\u904b\u696d<\/span><\/p>\n<\/td>\n<td style=\"width: 39.1363%; height: 67px;\">\n<p><span style=\"font-weight: 400;\">22.2<\/span><\/p>\n<\/td>\n<\/tr>\n<tr style=\"height: 67px;\">\n<td style=\"width: 60.7287%; height: 67px;\">\n<p><span style=\"font-weight: 400;\">24 \u5009\u5eab\u30fb\u904b\u8f38\u95a2\u9023<\/span><\/p>\n<\/td>\n<td style=\"width: 39.1363%; height: 67px;\">\n<p><span style=\"font-weight: 400;\">10.0<\/span><\/p>\n<\/td>\n<\/tr>\n<tr style=\"height: 67px;\">\n<td style=\"width: 60.7287%; height: 67px;\">\n<p><span style=\"font-weight: 400;\">25 \u60c5\u5831\u30fb\u901a\u4fe1\u696d<\/span><\/p>\n<\/td>\n<td style=\"width: 39.1363%; height: 67px;\">\n<p><span style=\"font-weight: 400;\">24.3<\/span><\/p>\n<\/td>\n<\/tr>\n<tr style=\"height: 67px;\">\n<td style=\"width: 60.7287%; height: 67px;\">\n<p><span style=\"font-weight: 400;\">26 \u5378\u58f2\u696d<\/span><\/p>\n<\/td>\n<td style=\"width: 39.1363%; height: 67px;\">\n<p><span style=\"font-weight: 400;\">11.2<\/span><\/p>\n<\/td>\n<\/tr>\n<tr style=\"height: 67px;\">\n<td style=\"width: 60.7287%; height: 67px;\">\n<p><span style=\"font-weight: 400;\">27 \u5c0f\u58f2\u696d<\/span><\/p>\n<\/td>\n<td style=\"width: 39.1363%; height: 67px;\">\n<p><span style=\"font-weight: 400;\">23.4<\/span><\/p>\n<\/td>\n<\/tr>\n<tr style=\"height: 67px;\">\n<td style=\"width: 60.7287%; height: 67px;\">\n<p><span style=\"font-weight: 400;\">28 \u9280\u884c\u696d<\/span><\/p>\n<\/td>\n<td style=\"width: 39.1363%; height: 67px;\">\n<p><span style=\"font-weight: 400;\">8.4<\/span><\/p>\n<\/td>\n<\/tr>\n<tr style=\"height: 67px;\">\n<td style=\"width: 60.7287%; height: 67px;\">\n<p><span style=\"font-weight: 400;\">29 \u8a3c\u5238\u3001\u5546\u54c1\u5148\u7269\u53d6\u5f15\u696d<\/span><\/p>\n<\/td>\n<td style=\"width: 39.1363%; height: 67px;\">\n<p><span style=\"font-weight: 400;\">13.7<\/span><\/p>\n<\/td>\n<\/tr>\n<tr style=\"height: 67px;\">\n<td style=\"width: 60.7287%; height: 67px;\">\n<p><span style=\"font-weight: 400;\">30 \u4fdd\u967a\u696d<\/span><\/p>\n<\/td>\n<td style=\"width: 39.1363%; height: 67px;\">\n<p><span style=\"font-weight: 400;\">26.3<\/span><\/p>\n<\/td>\n<\/tr>\n<tr style=\"height: 67px;\">\n<td style=\"width: 60.7287%; height: 67px;\">\n<p><span style=\"font-weight: 400;\">31 \u305d\u306e\u4ed6\u91d1\u878d\u696d<\/span><\/p>\n<\/td>\n<td style=\"width: 39.1363%; height: 67px;\">\n<p><span style=\"font-weight: 400;\">12.0<\/span><\/p>\n<\/td>\n<\/tr>\n<tr style=\"height: 67px;\">\n<td style=\"width: 60.7287%; height: 67px;\">\n<p><span style=\"font-weight: 400;\">32 \u4e0d\u52d5\u7523\u696d<\/span><\/p>\n<\/td>\n<td style=\"width: 39.1363%; height: 67px;\">\n<p><span style=\"font-weight: 400;\">13.1<\/span><\/p>\n<\/td>\n<\/tr>\n<tr style=\"height: 67px;\">\n<td style=\"width: 60.7287%; height: 67px;\">\n<p><span style=\"font-weight: 400;\">33 \u30b5\u30fc\u30d3\u30b9\u696d<\/span><\/p>\n<\/td>\n<td style=\"width: 39.1363%; height: 67px;\">\n<p><span style=\"font-weight: 400;\">19.1<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>\u51fa\u5178\uff1a<a href=\"https:\/\/www.jpx.co.jp\/markets\/statistics-equities\/misc\/04.html\">\u6771\u4eac\u8a3c\u5238\u53d6\u5f15\u6240\u300c\u898f\u6a21\u5225\u30fb\u696d\u7a2e\u5225PER\u30fbPBR\uff08\u9023\u7d50\u30fb\u5358\u4f53\uff09\u4e00\u89a7\uff082023\u5e7411\u6708\uff09\u300d<\/a><\/p>\n<p>PER\u306e\u9ad8\u3044\u696d\u754c\u3068\u3057\u3066\u306f\u3001\u300c1\u682a\u5f53\u305f\u308a\u7d14\u5229\u76ca\u300d\u304c\u6bd4\u8f03\u7684\u5c0f\u3055\u3044\u696d\u754c\u3067\u3042\u308b\u96fb\u6c17\u30fb\u30ac\u30b9\u696d(35\u500d)\u3084\u30d1\u30eb\u30d7\u30fb\u7d19(30.9\u500d)\u304c\u898b\u3089\u308c\u307e\u3059\u3002\u4e00\u65b9\u3067PER\u306e\u4f4e\u3044\u696d\u754c\u3068\u3057\u3066\u306f\u3001\u6d77\u904b\u696d(2.3\u500d)\u3068\u3044\u3063\u305f\u5e02\u6cc1\u95a2\u9023\u306e\u696d\u754c\u3084\u3001\u5efa\u8a2d\u696d(4.5\u500d)\u306a\u3069\u696d\u7e3e\u306e\u4f4e\u8ff7\u304c\u76ee\u7acb\u3064\u696d\u754c\u304c\u898b\u3089\u308c\u307e\u3059\u3002<\/p>\n<p>\u4f8b\u3048\u3070\u3001<strong>\u30d1\u30eb\u30d7\u30fb\u7d19\u3067PER10\u500d\u306e\u9298\u67c4\u304c\u3042\u3063\u305f\u5834\u5408\u3001\u540c\u3058\u30b5\u30fc\u30d3\u30b9\u696d\uff08PER\u306e\u5e73\u574730.9\u500d\uff09\u3067\u6bd4\u3079\u308b\u3068\u304b\u306a\u308a\u5272\u5b89\u306a\u9298\u67c4\u3068\u5206\u304b\u308a\u307e\u3059\u3002\u3057\u304b\u3057\u3001\u3053\u306e\u9298\u67c4\u3092\u7570\u696d\u7a2e\u306e\u77f3\u6cb9\u30fb\u77f3\u70ad\u88fd\u54c1\uff08PER\u306e\u5e73\u57477\u500d\uff09\u3068\u6bd4\u3079\u3066\u3057\u307e\u3046\u3068\u3001\u304b\u306a\u308a\u5272\u9ad8\u306a\u9298\u67c4\u3068\u3044\u3063\u305f\u8aa4\u3063\u305f\u5224\u65ad\u3092\u3057\u3066\u3057\u307e\u3044\u307e\u3059\u3002<\/strong><\/p>\n<p>\u3053\u306e\u3088\u3046\u306b\u540c\u696d\u7a2e\u3067\u6bd4\u8f03\u3057\u306a\u3044\u3068\u5272\u5b89\u30fb\u5272\u9ad8\u306e\u5224\u65ad\u3092\u898b\u8aa4\u308b\u305f\u3081\u3001\u540c\u696d\u7a2e\u5185\u3067\u6bd4\u8f03\u3057\u5224\u65ad\u3059\u308b\u3088\u3046\u306b\u3057\u307e\u3057\u3087\u3046\u3002<\/p>\n<h4 id=\"4-2-3\">4-2-3. \u81ea\u793e\u306e\u904e\u53bb\u306ePER\uff08\u682a\u4fa1\u53ce\u76ca\u7387\uff09\u3068\u6bd4\u8f03\u3059\u308b<\/h4>\n<p>PER\u3092\u898b\u308b\u3068\u304d\u306f\u3001<strong><span style=\"color: #ff0000;\">\u540c\u3058\u4f1a\u793e\u306e\u904e\u53bb\u306ePER\u3068\u6bd4\u8f03\u3059\u308b\u3088\u3046\u306b\u3057\u307e\u3057\u3087\u3046\u3002<\/span><\/strong><\/p>\n<p>\u540c\u3058\u4f1a\u793e\u3067\u3082\u4e00\u6642\u7684\u306a\u5229\u76ca\u306e\u4e0a\u6607\u3067PER\u306e\u5024\u304c\u4f4e\u304f\u306a\u308b\u3053\u3068\u304c\u3042\u308a\u307e\u3059\u3002<\/p>\n<p>\u4f8b\u3048\u3070\u3001\u8cc7\u7523\u3092\u58f2\u5374\u3057\u305f\u3053\u3068\u306b\u3088\u308a\u4e00\u6642\u7684\u306b\u5229\u76ca\u304c\u5897\u3048\u3001PER\u306e\u5024\u304c\u4f4e\u304f\u306a\u308b\u3068\u3044\u3063\u305f\u30b1\u30fc\u30b9\u3067\u3059\u3002\u3053\u306e\u5834\u5408\u3001\u5272\u5b89\u3067\u3042\u3063\u3066\u3082\u3001\u4f01\u696d\u306e\u672c\u6765\u306e\u53ce\u76ca\u529b\u306b\u5bfe\u3057\u3066\u5272\u5b89\u3067\u3042\u308b\u3068\u306f\u8a00\u3048\u307e\u305b\u3093\u3002<\/p>\n<p>\u5358\u5e74\u306e\u6570\u5024\u3060\u3051\u3067\u5224\u65ad\u3059\u308b\u3068\u898b\u8aa4\u308b\u305f\u3081\u3001\u904e\u53bb\u6570\u5e74\u306ePER\u306e\u63a8\u79fb\u3092\u898b\u3066\u5224\u65ad\u3059\u308b\u3088\u3046\u306b\u3057\u307e\u3057\u3087\u3046\u3002\u7279\u306b\u5909\u52d5\u304c\u5927\u304d\u3044\u5834\u5408\u306b\u306f\u3001\u5909\u52d5\u3057\u305f\u7406\u7531\u30fb\u4e8b\u60c5\u3092\u78ba\u8a8d\u3059\u308b\u3088\u3046\u306b\u3057\u307e\u3057\u3087\u3046\u3002<\/p>\n<h4 id=\"4-2-4\">4-2-4. PER\uff08\u682a\u4fa1\u53ce\u76ca\u7387\uff09\u306e\u898b\u65b9\u30fb\u4f7f\u3044\u65b9\u306e\u5177\u4f53\u4f8b<\/h4>\n<p>PER\u3092\u4f7f\u3046\u969b\u306b\u306f\u3001\u300c<a href=\"#4-1\">4-1. PER\u3084PBR\u306f\u4f01\u696d\u306e\u8a3c\u5238\u4f1a\u793e\u3084\u6295\u8cc7\u60c5\u5831\u30b5\u30a4\u30c8\u306e\u9298\u67c4\u7d39\u4ecb\u306a\u3069\u3067\u78ba\u8a8d\u3067\u304d\u308b<\/a>\u300d\u3067\u7d39\u4ecb\u3057\u305f\u901a\u308a\u3001\u8a3c\u5238\u4f1a\u793e\u306e\u30b5\u30a4\u30c8\u3084\u6295\u8cc7\u60c5\u5831\u30b5\u30a4\u30c8\u3092\u6d3b\u7528\u3057\u307e\u3057\u3087\u3046\u3002<\/p>\n<p>\u5b9f\u969b\u306bPER\u3092\u8a08\u7b97\u3057\u3066\u78ba\u8a8d\u3057\u3088\u3046\u3068\u3059\u308b\u3068\u30011\u682a\u5f53\u305f\u308a\u7d14\u5229\u76ca\u3092\u51fa\u3059\u305f\u3081\u306b\u682a\u5f0f\u6570\u3092\u8abf\u6574\u3059\u308b\u306a\u3069\u8907\u96d1\u306a\u8a08\u7b97\u304c\u767a\u751f\u3057\u307e\u3059\u304c\u3001\u8a3c\u5238\u4f1a\u793e\u306e\u30b5\u30a4\u30c8\u3084\u6295\u8cc7\u60c5\u5831\u30b5\u30a4\u30c8\u3067\u306f\u3001\u8907\u96d1\u306a\u8abf\u6574\u3092\u6e08\u307e\u305b\u305f\u5024\u3092\u78ba\u8a8d\u3059\u308b\u3053\u3068\u304c\u3067\u304d\u307e\u3059\u3002<\/p>\n<p>\u30b5\u30a4\u30c8\u306b\u3088\u3063\u3066\u306fPER\u306e\u5024\u3068\u3068\u3082\u306b\u300c\u5272\u9ad8\u300d\u300c\u5272\u5b89\u300d\u306e\u5224\u5b9a\u307e\u3067\u8868\u793a\u3057\u3066\u3044\u308b\u305f\u3081\u624b\u9593\u304c\u7701\u3051\u3066\u4fbf\u5229\u3067\u3059\u3002<\/p>\n<p>\u4e0b\u8a18\u306f\u3001\u4f8b\u3048\u3070\u300c<a href=\"https:\/\/minkabu.jp\/financial_item_ranking\/per\">MINKABU<\/a>\u300d\u306e\u30b5\u30a4\u30c8\u3067PER\u3092\u898b\u305f\u5834\u5408\u306e\u4f8b\u3067\u3059\u3002<\/p>\n<div class=\"attention a-1\">\n<p><strong>\u3010MINKABU\u3067\u898b\u305f\u5834\u5408\u3011<\/strong><br \/>\n\u9298\u67c4\uff1a<strong>3382 \u300c\u30bb\u30d6\u30f3\uff06\u30a2\u30a4\u30fb\u30db\u30fc\u30eb\u30c7\u30a3\u30f3\u30b0\u30b9\u300d<\/strong><br \/>\n\u682a\u4fa1\uff1a5,573\u5186\uff084\u670815\u65e5\uff09<br \/>\n\u682a\u4fa1\u8a3a\u65ad\uff1a<span style=\"color: #ff0000; font-size: 14pt;\"><strong>\u300c\u5272\u9ad8\u300d<\/strong><\/span><\/p>\n<p>\u4e0b\u8a18\u306f\u3001\u682a\u4fa1\u3092\u5272\u9ad8\u3068\u5224\u65ad\u3057\u305f\u7d20\u6750\u306e\u4e00\u90e8\u3067\u3059\u3002\uff08MINKABU\u3067\u306f\u3001\u3053\u308c\u4ee5\u5916\u306b\u3082\u696d\u7e3e\u306e\u63a8\u79fb\u306a\u3069\u3092\u8003\u616e\u3057\u3066\u300c\u5272\u9ad8\u300d\u3068\u5224\u65ad\u3057\u3066\u3044\u307e\u3059\u3002\uff09<\/p>\n<p><img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2022\/05\/image11.png\" alt=\"MINKABU\u3067\u898b\u305fPER\u306e\u4e00\u4f8b\" width=\"633\" height=\"697\" class=\"aligncenter wp-image-2374 size-full\" srcset=\"https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2022\/05\/image11.png 633w, https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2022\/05\/image11-272x300.png 272w\" sizes=\"(max-width: 633px) 100vw, 633px\" \/><\/p>\n<p>\u51fa\u5178\uff1a<a href=\"https:\/\/minkabu.jp\/stock\/3382\/research\">MINKABU\uff08\u65e7\u307f\u3093\u306a\u306e\u682a\u5f0f\uff09\u300c\u30bb\u30d6\u30f3\uff06\u30a2\u30a4\u30fb\u30db\u30fc\u30eb\u30c7\u30a3\u30f3\u30b0\u30b9 (3382) : \u682a\u4fa1\u8a3a\u65ad\u30fb\u7406\u8ad6\u682a\u4fa1<\/a><\/p>\n<\/div>\n<p>\u4e0a\u8a18\u3001MINKABU\u3067\u898b\u308b\u300c\u30bb\u30d6\u30f3\u30a2\u30f3\u30c9\u30a2\u30a4\u30db\u30fc\u30eb\u30c7\u30a3\u30f3\u30b0\u30b9\u300d\u306ePER\u306e\u4f8b\u3067\u306f\u3001\u6700\u65b0\u306e\u5024\uff0823.34\u500d\uff09\u306b\u3064\u3044\u3066\u3001\u904e\u53bb\uff0819.99\u500d\uff09\u3068\u306e\u6bd4\u8f03\u3084\u3001\u985e\u4f3c\u4ed6\u793e\u306e\u5e73\u5747\u5024\uff0820.05\u500d\uff09\u3068\u306e\u6bd4\u8f03\u3092\u884c\u3063\u3066\u3044\u307e\u3059\u3002\u307e\u305f\u3001PER\u306b\u52a0\u3048\u3066PBR\u306e\u52d5\u5411\u3084\u3001\u76f4\u8fd12\u5e74\u9593\u306e\u696d\u7e3e\u306e\u63a8\u79fb\u3001\u682a\u4fa1\u306e\u904e\u53bb3\u30f6\u6708\u306e\u5b9f\u7e3e\u306a\u3069\u3082\u8003\u616e\u3057\u3066\u300c\u5272\u9ad8\u300d\u3068\u5224\u65ad\u3055\u308c\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>\u4ee5\u4e0a\u306e\u3088\u3046\u306b\u3001\u30b5\u30a4\u30c8\u306b\u3088\u3063\u3066PER\u306e\u7b97\u51fa\u65b9\u6cd5\u3084\u5224\u5b9a\u65b9\u6cd5\u304c\u82e5\u5e72\u7570\u306a\u308b\u305f\u3081\u3001\u5229\u7528\u3059\u308b\u969b\u306b\u306f\u540c\u3058\u30b5\u30a4\u30c8\u306a\u3044\u3067\u6570\u5024\u6bd4\u8f03\u3092\u884c\u3046\u3088\u3046\u306b\u3057\u307e\u3057\u3087\u3046\u3002<\/p>\n<h3 id=\"4-3\">4-3. PBR\uff08\u682a\u4fa1\u7d14\u8cc7\u7523\u500d\u7387\uff09\u306e\u898b\u65b9\u30fb\u4f7f\u3044\u65b9<\/h3>\n<p>PBR\u306e\u5177\u4f53\u7684\u306a\u898b\u65b9\u30fb\u4f7f\u3044\u65b9\u306b\u3064\u3044\u3066\u3001\u7d39\u4ecb\u3057\u307e\u3059\u3002<\/p>\n<p><strong>PBR\u306f\u300c<a href=\"#1-2\">1-2. PBR\uff08\u682a\u4fa1\u7d14\u8cc7\u7523\u500d\u7387\uff09\u306f\u4f01\u696d\u306e\u8cc7\u7523\u306b\u5bfe\u3059\u308b\u682a\u4fa1\u306e\u5272\u5b89\u611f\u3092\u793a\u3059<\/a>\u300d\u3067\u3082\u89e3\u8aac\u3057\u305f\u901a\u308a\u3001<span style=\"color: #ff0000;\">\u300cPBR\uff1d\uff11\u300d\u304c\u3001\u5272\u5b89\u30fb\u5272\u9ad8\u306e\u5224\u65ad\u57fa\u6e96\u3068\u306a\u308a\u307e\u3059\u3002<\/span><\/strong><\/p>\n<p>\u3057\u304b\u3057PBR\u306e\u5834\u5408\u3067\u3082\u3001\u3053\u306e\u5224\u65ad\u57fa\u6e96\u306b\u5408\u308f\u305b\u3066<\/p>\n<p>\u540c\u696d\u7a2e\u306ePBR\u3068\u6bd4\u8f03\u3059\u308b<br \/>\n\u81ea\u793e\u306e\u904e\u53bb\u306ePER\u3068\u6bd4\u8f03\u3059\u308b<\/p>\n<p>\u3068\u3044\u3063\u305f\u4f7f\u3044\u65b9\u3092\u3059\u308b\u3053\u3068\u304c\u5927\u5207\u3067\u3059\u3002<\/p>\n<p>\u4ee5\u4e0b\u3067\u8a73\u3057\u304f\u898b\u3066\u307f\u307e\u3057\u3087\u3046\u3002<\/p>\n<h4 id=\"4-3-1\">4-3-1. \u540c\u696d\u7a2e\u306ePBR\u5024\u3068\u6bd4\u8f03\u3059\u308b<\/h4>\n<p>PBR\u3082\u696d\u7a2e\u306b\u3088\u3063\u3066\u6c34\u6e96\u304c\u7570\u306a\u308b\u305f\u3081\u3001\u540c\u696d\u7a2e\u3068\u5024\u3068\u6bd4\u8f03\u3057\u307e\u3057\u3087\u3046\u3002<\/p>\n<p>\u696d\u7a2e\u5225\u306ePBR\u306e\u6c34\u6e96\u306f\u4e0b\u8a18\u306e\u901a\u308a\u3067\u3059\u3002<\/p>\n<table style=\"width: 100%; height: 2430px;\">\n<tbody>\n<tr style=\"height: 73px;\">\n<td colspan=\"2\" style=\"background-color: #3a7527; text-align: center; height: 73px;\">\n<p><span style=\"font-size: 14pt; color: #ffffff;\"><b>\u3010\u6771\u8a3c\u4e00\u90e8\u696d\u754c\u5225PBR\u4e00\u89a7\u3011<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr style=\"height: 73px;\">\n<td style=\"text-align: center; background-color: #0e5ac8; height: 73px;\">\n<p><span style=\"font-size: 14pt; color: #ffffff;\"><b>\u696d\u7a2e<\/b><\/span><\/p>\n<\/td>\n<td style=\"text-align: center; background-color: #0e5ac8; height: 73px;\">\n<p><span style=\"font-size: 14pt; color: #ffffff;\"><b>PBR\uff08\u500d\uff09<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr style=\"height: 73px;\">\n<td style=\"background-color: #d9d9d9; height: 73px;\">\n<p><span style=\"font-size: 14pt;\"><b>\u7dcf\u5408<\/b><\/span><\/p>\n<\/td>\n<td style=\"background-color: #d9d9d9; height: 73px;\">\n<p><span style=\"font-size: 14pt;\"><b>1.3<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr style=\"height: 67px;\">\n<td style=\"height: 67px;\">\n<p><span style=\"font-weight: 400;\">1 \u6c34\u7523\u30fb\u8fb2\u6797\u696d<\/span><\/p>\n<\/td>\n<td style=\"height: 67px;\">\n<p><span style=\"font-weight: 400;\">1.0<\/span><\/p>\n<\/td>\n<\/tr>\n<tr style=\"height: 67px;\">\n<td style=\"height: 67px;\">\n<p><span style=\"font-weight: 400;\">2 \u9271\u696d<\/span><\/p>\n<\/td>\n<td style=\"height: 67px;\">\n<p><span style=\"font-weight: 400;\">0.7<\/span><\/p>\n<\/td>\n<\/tr>\n<tr style=\"height: 67px;\">\n<td style=\"height: 67px;\">\n<p><span style=\"font-weight: 400;\">3 \u5efa\u8a2d\u696d<\/span><\/p>\n<\/td>\n<td style=\"height: 67px;\">\n<p><span style=\"font-weight: 400;\">1.0<\/span><\/p>\n<\/td>\n<\/tr>\n<tr style=\"height: 67px;\">\n<td style=\"height: 67px;\">\n<p><span style=\"font-weight: 400;\">4 \u98df\u6599\u54c1<\/span><\/p>\n<\/td>\n<td style=\"height: 67px;\">\n<p><span style=\"font-weight: 400;\">1.4<\/span><\/p>\n<\/td>\n<\/tr>\n<tr style=\"height: 67px;\">\n<td style=\"height: 67px;\">\n<p><span style=\"font-weight: 400;\">5 \u7e4a\u7dad\u88fd\u54c1<\/span><\/p>\n<\/td>\n<td style=\"height: 67px;\">\n<p><span style=\"font-weight: 400;\">1.0<\/span><\/p>\n<\/td>\n<\/tr>\n<tr style=\"height: 67px;\">\n<td style=\"height: 67px;\">\n<p><span style=\"font-weight: 400;\">6 \u30d1\u30eb\u30d7\u30fb\u7d19<\/span><\/p>\n<\/td>\n<td style=\"height: 67px;\">\n<p><span style=\"font-weight: 400;\">0.6<\/span><\/p>\n<\/td>\n<\/tr>\n<tr style=\"height: 67px;\">\n<td style=\"height: 67px;\">\n<p><span style=\"font-weight: 400;\">7 \u5316\u5b66<\/span><\/p>\n<\/td>\n<td style=\"height: 67px;\">\n<p><span style=\"font-weight: 400;\">1.1<\/span><\/p>\n<\/td>\n<\/tr>\n<tr style=\"height: 67px;\">\n<td style=\"height: 67px;\">\n<p><span style=\"font-weight: 400;\">8 \u533b\u85ac\u54c1<\/span><\/p>\n<\/td>\n<td style=\"height: 67px;\">\n<p><span style=\"font-weight: 400;\">1.4<\/span><\/p>\n<\/td>\n<\/tr>\n<tr style=\"height: 67px;\">\n<td style=\"height: 67px;\">\n<p><span style=\"font-weight: 400;\">9 \u77f3\u6cb9\u30fb\u77f3\u70ad\u88fd\u54c1<\/span><\/p>\n<\/td>\n<td style=\"height: 67px;\">\n<p><span style=\"font-weight: 400;\">0.7<\/span><\/p>\n<\/td>\n<\/tr>\n<tr style=\"height: 67px;\">\n<td style=\"height: 67px;\">\n<p><span style=\"font-weight: 400;\">10 \u30b4\u30e0\u88fd\u54c1<\/span><\/p>\n<\/td>\n<td style=\"height: 67px;\">\n<p><span style=\"font-weight: 400;\">1.1<\/span><\/p>\n<\/td>\n<\/tr>\n<tr style=\"height: 67px;\">\n<td style=\"height: 67px;\">\n<p><span style=\"font-weight: 400;\">11 \u30ac\u30e9\u30b9\u30fb\u571f\u77f3\u88fd\u54c1<\/span><\/p>\n<\/td>\n<td style=\"height: 67px;\">\n<p><span style=\"font-weight: 400;\">1.3<\/span><\/p>\n<\/td>\n<\/tr>\n<tr style=\"height: 67px;\">\n<td style=\"height: 67px;\">\n<p><span style=\"font-weight: 400;\">12 \u9244\u92fc<\/span><\/p>\n<\/td>\n<td style=\"height: 67px;\">\n<p><span style=\"font-weight: 400;\">0.7<\/span><\/p>\n<\/td>\n<\/tr>\n<tr style=\"height: 67px;\">\n<td style=\"height: 67px;\">\n<p><span style=\"font-weight: 400;\">13 \u975e\u9244\u91d1\u5c5e<\/span><\/p>\n<\/td>\n<td style=\"height: 67px;\">\n<p><span style=\"font-weight: 400;\">0.8<\/span><\/p>\n<\/td>\n<\/tr>\n<tr style=\"height: 67px;\">\n<td style=\"height: 67px;\">\n<p><span style=\"font-weight: 400;\">14 \u91d1\u5c5e\u88fd\u54c1<\/span><\/p>\n<\/td>\n<td style=\"height: 67px;\">\n<p><span style=\"font-weight: 400;\">0.7<\/span><\/p>\n<\/td>\n<\/tr>\n<tr style=\"height: 67px;\">\n<td style=\"height: 67px;\">\n<p><span style=\"font-weight: 400;\">15 \u6a5f\u68b0<\/span><\/p>\n<\/td>\n<td style=\"height: 67px;\">\n<p><span style=\"font-weight: 400;\">1.5<\/span><\/p>\n<\/td>\n<\/tr>\n<tr style=\"height: 67px;\">\n<td style=\"height: 67px;\">\n<p><span style=\"font-weight: 400;\">16 \u96fb\u6c17\u6a5f\u5668<\/span><\/p>\n<\/td>\n<td style=\"height: 67px;\">\n<p><span style=\"font-weight: 400;\">1.8<\/span><\/p>\n<\/td>\n<\/tr>\n<tr style=\"height: 67px;\">\n<td style=\"height: 67px;\">\n<p><span style=\"font-weight: 400;\">17 \u8f38\u9001\u7528\u6a5f\u5668<\/span><\/p>\n<\/td>\n<td style=\"height: 67px;\">\n<p><span style=\"font-weight: 400;\">0.9<\/span><\/p>\n<\/td>\n<\/tr>\n<tr style=\"height: 67px;\">\n<td style=\"height: 67px;\">\n<p><span style=\"font-weight: 400;\">18 \u7cbe\u5bc6\u6a5f\u5668<\/span><\/p>\n<\/td>\n<td style=\"height: 67px;\">\n<p><span style=\"font-weight: 400;\">1.7<\/span><\/p>\n<\/td>\n<\/tr>\n<tr style=\"height: 67px;\">\n<td style=\"height: 67px;\">\n<p><span style=\"font-weight: 400;\">19 \u305d\u306e\u4ed6\u88fd\u54c1<\/span><\/p>\n<\/td>\n<td style=\"height: 67px;\">\n<p><span style=\"font-weight: 400;\">1.2<\/span><\/p>\n<\/td>\n<\/tr>\n<tr style=\"height: 67px;\">\n<td style=\"height: 67px;\">\n<p><span style=\"font-weight: 400;\">20 \u96fb\u6c17\u30fb\u30ac\u30b9\u696d<\/span><\/p>\n<\/td>\n<td style=\"height: 67px;\">\n<p><span style=\"font-weight: 400;\">0.7<\/span><\/p>\n<\/td>\n<\/tr>\n<tr style=\"height: 67px;\">\n<td style=\"height: 67px;\">\n<p><span style=\"font-weight: 400;\">21 \u9678\u904b\u696d<\/span><\/p>\n<\/td>\n<td style=\"height: 67px;\">\n<p><span style=\"font-weight: 400;\">1.1<\/span><\/p>\n<\/td>\n<\/tr>\n<tr style=\"height: 67px;\">\n<td style=\"height: 67px;\">\n<p><span style=\"font-weight: 400;\">22 \u6d77\u904b\u696d<\/span><\/p>\n<\/td>\n<td style=\"height: 67px;\">\n<p><span style=\"font-weight: 400;\">0.8<\/span><\/p>\n<\/td>\n<\/tr>\n<tr style=\"height: 67px;\">\n<td style=\"height: 67px;\">\n<p><span style=\"font-weight: 400;\">23 \u7a7a\u904b\u696d<\/span><\/p>\n<\/td>\n<td style=\"height: 67px;\">\n<p><span style=\"font-weight: 400;\">1.6<\/span><\/p>\n<\/td>\n<\/tr>\n<tr style=\"height: 67px;\">\n<td style=\"height: 67px;\">\n<p><span style=\"font-weight: 400;\">24 \u5009\u5eab\u30fb\u904b\u8f38\u95a2\u9023<\/span><\/p>\n<\/td>\n<td style=\"height: 67px;\">\n<p><span style=\"font-weight: 400;\">1.0<\/span><\/p>\n<\/td>\n<\/tr>\n<tr style=\"height: 67px;\">\n<td style=\"height: 67px;\">\n<p><span style=\"font-weight: 400;\">25 \u60c5\u5831\u30fb\u901a\u4fe1\u696d<\/span><\/p>\n<\/td>\n<td style=\"height: 67px;\">\n<p><span style=\"font-weight: 400;\">2.3<\/span><\/p>\n<\/td>\n<\/tr>\n<tr style=\"height: 67px;\">\n<td style=\"height: 67px;\">\n<p><span style=\"font-weight: 400;\">26 \u5378\u58f2\u696d<\/span><\/p>\n<\/td>\n<td style=\"height: 67px;\">\n<p><span style=\"font-weight: 400;\">1.1<\/span><\/p>\n<\/td>\n<\/tr>\n<tr style=\"height: 67px;\">\n<td style=\"height: 67px;\">\n<p><span style=\"font-weight: 400;\">27 \u5c0f\u58f2\u696d<\/span><\/p>\n<\/td>\n<td style=\"height: 67px;\">\n<p><span style=\"font-weight: 400;\">1.8<\/span><\/p>\n<\/td>\n<\/tr>\n<tr style=\"height: 67px;\">\n<td style=\"height: 67px;\">\n<p><span style=\"font-weight: 400;\">28 \u9280\u884c\u696d<\/span><\/p>\n<\/td>\n<td style=\"height: 67px;\">\n<p><span style=\"font-weight: 400;\">0.4<\/span><\/p>\n<\/td>\n<\/tr>\n<tr style=\"height: 67px;\">\n<td style=\"height: 67px;\">\n<p><span style=\"font-weight: 400;\">29 \u8a3c\u5238\u3001\u5546\u54c1\u5148\u7269\u53d6\u5f15\u696d<\/span><\/p>\n<\/td>\n<td style=\"height: 67px;\">\n<p><span style=\"font-weight: 400;\">0.9<\/span><\/p>\n<\/td>\n<\/tr>\n<tr style=\"height: 67px;\">\n<td style=\"height: 67px;\">\n<p><span style=\"font-weight: 400;\">30 \u4fdd\u967a\u696d<\/span><\/p>\n<\/td>\n<td style=\"height: 67px;\">\n<p><span style=\"font-weight: 400;\">1.2<\/span><\/p>\n<\/td>\n<\/tr>\n<tr style=\"height: 67px;\">\n<td style=\"height: 67px;\">\n<p><span style=\"font-weight: 400;\">31 \u305d\u306e\u4ed6\u91d1\u878d\u696d<\/span><\/p>\n<\/td>\n<td style=\"height: 67px;\">\n<p><span style=\"font-weight: 400;\">1.0<\/span><\/p>\n<\/td>\n<\/tr>\n<tr style=\"height: 67px;\">\n<td style=\"height: 67px;\">\n<p><span style=\"font-weight: 400;\">32 \u4e0d\u52d5\u7523\u696d<\/span><\/p>\n<\/td>\n<td style=\"height: 67px;\">\n<p><span style=\"font-weight: 400;\">1.4<\/span><\/p>\n<\/td>\n<\/tr>\n<tr style=\"height: 67px;\">\n<td style=\"height: 67px;\">\n<p><span style=\"font-weight: 400;\">33 \u30b5\u30fc\u30d3\u30b9\u696d<\/span><\/p>\n<\/td>\n<td style=\"height: 67px;\">\n<p><span style=\"font-weight: 400;\">2.1<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>\u51fa\u5178\uff1a<a href=\"https:\/\/www.jpx.co.jp\/markets\/statistics-equities\/misc\/04.html\">\u6771\u4eac\u8a3c\u5238\u53d6\u5f15\u6240\u300c\u898f\u6a21\u5225\u30fb\u696d\u7a2e\u5225PER\u30fbPBR\uff08\u9023\u7d50\u30fb\u5358\u4f53\uff09\u4e00\u89a7\uff082023\u5e7411\u6708\uff09\u300d<\/a><\/p>\n<p>PBR\u306e\u6c34\u6e96\u306e\u9ad8\u3044\u696d\u754c\u3068\u3057\u3066\u306f\u3001\u60c5\u5831\u901a\u4fe1\u696d\uff082.3\u500d\uff09\u3001\u30b5\u30fc\u30d3\u30b9\u696d\uff082.1\u500d\uff09\u306a\u3069\u304c\u3042\u308a\u307e\u3059\u3002\u4e00\u65b9\u3067\u3001PBR\u306e\u4f4e\u3044\u6c34\u6e96\u306e\u4f01\u696d\u3068\u3057\u3066\u306f\u3001\u9280\u884c\u696d\uff080.4\u500d\uff09\u304c\u3042\u308a\u307e\u3059\u3002<\/p>\n<p>\u4f8b\u3048\u3070\u3001PBR0.5\u500d\u306e\u9280\u884c\u306e\u5834\u5408\u30010.5\u500d\u3068\u3044\u3046\u6c34\u6e96\u306f\u300cPBR\uff1d\uff11\u300d\u3092\u4e0b\u56de\u308b\u305f\u3081\u304b\u306a\u308a\u306e\u5272\u5b89\u9298\u67c4\u3068\u601d\u308f\u308c\u3066\u3057\u307e\u3044\u307e\u3059\u304c\u3001\u9280\u884c\u696d\u306e\u6c34\u6e96\uff08PBR0.4\u500d\uff09\u3068\u6bd4\u8f03\u3059\u308b\u3068\u3001\u6c7a\u3057\u3066\u5272\u5b89\u306a\u9298\u67c4\u3067\u306a\u3044\u3053\u3068\u304c\u5206\u304b\u308a\u307e\u3059\u3002<\/p>\n<p>\u3053\u306e\u3088\u3046\u306b\u540c\u696d\u7a2e\u9593\u3067\u6bd4\u8f03\u3092\u3057\u306a\u3044\u3068\u3001\u5272\u5b89\u30fb\u5272\u9ad8\u306e\u5224\u65ad\u3092\u8aa4\u308b\u306e\u3067\u6c17\u3092\u4ed8\u3051\u307e\u3057\u3087\u3046\u3002<\/p>\n<h4 id=\"4-3-2\">4-3-2. \u540c\u4e00\u4f1a\u793e\u306e\u904e\u53bb\u306ePBR\u3068\u6bd4\u8f03\u3059\u308b<\/h4>\n<p>PBR\u306e\u5834\u5408\u3082\u3001PER\u3068\u540c\u69d8\u306b\u3001<strong><span style=\"color: #ff0000;\">\u540c\u3058\u4f1a\u793e\u306e\u904e\u53bb\u306ePBR\u3068\u6bd4\u8f03\u3059\u308b\u3088\u3046\u306b\u3057\u307e\u3057\u3087\u3046\u3002<\/span><\/strong><\/p>\n<p>PBR\u306e\u5834\u5408\u3001\u9577\u5e74\u306e\u95931\u3088\u308a\u5c0f\u3055\u3044\u307e\u307e\u63a8\u79fb\u3057\u3066\u3044\u308b\u4f01\u696d\u3082\u5c11\u306a\u304f\u3042\u308a\u307e\u305b\u3093\u3002\u305d\u3046\u3057\u305f\u4f01\u696d\u306e\u5834\u5408\u306f\u3001\u4eca\u5f8c\u3082\u9069\u6027\u4fa1\u683c\u306b\u682a\u4fa1\u304c\u3042\u304c\u308b\u53ef\u80fd\u6027\u304c\u898b\u8fbc\u3081\u305a\u3001\u4e00\u6982\u306b\u5272\u5b89\u9298\u67c4\u3068\u306f\u8a00\u3048\u307e\u305b\u3093\u3002<\/p>\n<p>\u3053\u3046\u3057\u305f\u30b1\u30fc\u30b9\u3082\u3042\u308b\u305f\u3081\u3001\u5358\u5e74\u306ePBR\u3092\u898b\u308b\u306e\u3067\u306a\u304f\u3001\u904e\u53bb\u306e\u63a8\u79fb\u3068\u898b\u6bd4\u3079\u3066\u78ba\u8a8d\u3059\u308b\u3088\u3046\u306b\u3057\u307e\u3057\u3087\u3046\u3002<\/p>\n<h4 id=\"4-3-4\">4-3-4. PBR\uff08\u682a\u4fa1\u7d14\u8cc7\u7523\u500d\u7387\uff09\u306e\u898b\u65b9\u30fb\u4f7f\u3044\u65b9<\/h4>\n<p>PBR\u3092\u4f7f\u3046\u5834\u5408\u306b\u3082\u3001\u300c<a href=\"#i4-1\">4-1. PER\u3084PBR\u306f\u4f01\u696d\u306e\u8a3c\u5238\u4f1a\u793e\u3084\u6295\u8cc7\u60c5\u5831\u30b5\u30a4\u30c8\u306e\u9298\u67c4\u7d39\u4ecb\u306a\u3069\u3067\u78ba\u8a8d\u3067\u304d\u308b<\/a>\u300d\u3067\u7d39\u4ecb\u3057\u305f\u901a\u308a\u3001\u8a3c\u5238\u4f1a\u793e\u306e\u30b5\u30a4\u30c8\u3084\u6295\u8cc7\u60c5\u5831\u30b5\u30a4\u30c8\u3092\u6d3b\u7528\u3057\u307e\u3057\u3087\u3046\u3002<\/p>\n<p>PBR\u306e\u6570\u5024\u306b\u3064\u3044\u3066\u3001\u3053\u3053\u3067\u306f\u3001\u300c<a href=\"https:\/\/finance.yahoo.co.jp\/stocks\/ranking\/highPer?market=all&amp;term=daily\">Yahoo\uff01\u30d5\u30a1\u30a4\u30ca\u30f3\u30b9<\/a>\u300d\u3067\u898b\u3066\u307f\u307e\u3057\u3087\u3046\u3002<\/p>\n<p>\u30b5\u30a4\u30c8\u306b\u3088\u3063\u3066\u306f\u3001PBR\u306e\u5024\u3060\u3051\u3067\u306a\u304f\u300c\u5272\u9ad8\u300d\u300c\u5272\u5b89\u300d\u306e\u5224\u65ad\u307e\u3067\u63d0\u793a\u3057\u3066\u3044\u308b\u30b1\u30fc\u30b9\u304c\u3042\u308a\u307e\u3059\u304c\u3001Yahoo!\u30d5\u30a1\u30a4\u30ca\u30f3\u30b9\u3067\u3082PBR\u306b\u3064\u3044\u3066\u300c\u5272\u5b89\u300d\u300c\u5272\u9ad8\u300d\u300c\u59a5\u5f53\u300d\u306e\u5224\u65ad\u307e\u3067\u63d0\u793a\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n<div class=\"attention a-1\">\n<p><strong>\u3010Yahoo!\u30d5\u30a1\u30a4\u30ca\u30f3\u30b9\u3067\u898b\u305f\u5834\u5408\u3011<\/strong><br \/>\n\u9298\u67c4\uff1a3382 \u300c\u30bb\u30d6\u30f3\uff06\u30a2\u30a4\u30fb\u30db\u30fc\u30eb\u30c7\u30a3\u30f3\u30b0\u30b9\u300d<br \/>\n\u682a\u4fa1\uff1a5,573\u5186\uff084\u670815\u65e5\uff09<br \/>\n\u682a\u4fa1\u8a3a\u65ad\uff08PBR\u57fa\u6e96\uff09\uff1a<span style=\"color: #ff0000; font-size: 14pt;\"><strong>\u300c\u59a5\u5f53\u6c34\u6e96\u300d<\/strong><\/span><\/p>\n<p>\u4e0b\u8a18\u306f\u300c\u59a5\u5f53\u6c34\u6e96\u300d\u3068\u5224\u65ad\u3055\u308c\u305f\u6750\u6599\u3067\u3059\u3002<\/p>\n<p><img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2022\/05\/image12.png\" alt=\"Yahoo!\u30d5\u30a1\u30a4\u30ca\u30f3\u30b9\u3067\u898b\u305fPBR\u306e\u6307\u6a19\" width=\"952\" height=\"412\" class=\"aligncenter wp-image-2375 size-full\" srcset=\"https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2022\/05\/image12.png 952w, https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2022\/05\/image12-300x130.png 300w, https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2022\/05\/image12-768x332.png 768w\" sizes=\"(max-width: 952px) 100vw, 952px\" \/><\/p>\n<p>\u51fa\u5178\uff1a<a href=\"https:\/\/kabuyoho.ifis.co.jp\/index.php?id=100&amp;action=tp1&amp;sa=report_pbr&amp;bcode=3382\">Yahoo!\u30d5\u30a1\u30a4\u30ca\u30f3\u30b9\u300c3382 \u30bb\u30d6\u30f3\uff06\u30a2\u30a4\u30fb\u30db\u30fc\u30eb\u30c7\u30a3\u30f3\u30b0\u30b9 &#8211; IFIS\u682a\u4e88\u5831 \u300d<\/a><\/p>\n<\/div>\n<p>Yahoo!\u30d5\u30a1\u30a4\u30ca\u30f3\u30b9\u3067\u898b\u308b\u300c\u30bb\u30d6\u30f3\u30a2\u30f3\u30c9\u30a2\u30a4\u30db\u30fc\u30eb\u30c7\u30a3\u30f3\u30b0\u30b9\u300d\u306ePBR\u306e\u4f8b\u3067\u306f\u3001\u6700\u65b0\u306e\u5024\uff081.65\u500d\uff09\u3067\u300c\u59a5\u5f53\u6c34\u6e96\u300d\u3068\u5224\u65ad\u3055\u308c\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>Yahoo!\u30d5\u30a1\u30a4\u30ca\u30f3\u30b9\u3067\u306f\u3001\u5404\u9298\u67c4\u3054\u3068\u306b\u3001\u56db\u534a\u671f\u3054\u3068\u306e\u5b9f\u7e3e\u5024\u304b\u3089\u7b97\u51fa\u3057\u305f\u4e00\u682a\u5f53\u305f\u308a\u7d14\u8cc7\u7523\u3068\u76f4\u8fd1 75 \u65e5\u9593\u306e PBR \u306e\u63a8\u79fb\u3092\u4f7f\u3063\u3066\u3001\u59a5\u5f53\u3068\u8003\u3048\u3089\u308c\u308bPBR\u306e\u6c34\u6e96\u3092\u63a8\u8a08\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>\u30bb\u30d6\u30f3\u30a2\u30f3\u30c9\u30a2\u30a4\u30db\u30fc\u30eb\u30c7\u30a3\u30f3\u30b0\u30b9\u306e\u5834\u5408\u30011.53\u500d\uff5e1.82\u500d\u306e\u9593\u3067\u3042\u308c\u3070PBR\u306f\u300c\u59a5\u5f53\u6c34\u6e96\u300d\u3068\u5224\u65ad\u3055\u308c\u307e\u3059\u3002\u6700\u65b0\u306e\u5024\uff081.65\u500d\uff09\u306f\u3053\u306e\u6c34\u6e96\u306e\u9593\u306b\u3042\u308b\u305f\u3081\u3001\u5272\u5b89\u3067\u3082\u5272\u9ad8\u3067\u3082\u306a\u304f\u300c\u59a5\u5f53\u300d\u3068\u5224\u65ad\u3055\u308c\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>\u3053\u306e\u3088\u3046\u306bPBR\u306e\u5024\u306f\u30b5\u30a4\u30c8\u3054\u3068\u306b\u7b97\u51fa\u3084\u5224\u65ad\u306e\u5b9a\u7fa9\u304c\u82e5\u5e72\u7570\u306a\u308b\u305f\u3081\u3001\u6570\u5024\u3092\u5229\u7528\u3059\u308b\u969b\u306b\u306f\u3001\u540c\u3058\u30b5\u30a4\u30c8\u5185\u306e\u6570\u5024\u3068\u6bd4\u8f03\u3059\u308b\u3088\u3046\u306b\u3057\u307e\u3057\u3087\u3046\u3002<\/p>\n<p>&nbsp;<\/p>\n<h2 id=\"5\">5. PER\u3068PBR\u3092\u4f7f\u3046\u3068\u304d\u306e\u6ce8\u610f\u70b9<\/h2>\n<p><img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2022\/05\/image13.jpg\" alt=\"\" width=\"1000\" height=\"667\" class=\"aligncenter size-full wp-image-2376\" srcset=\"https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2022\/05\/image13.jpg 1000w, https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2022\/05\/image13-300x200.jpg 300w, https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2022\/05\/image13-768x512.jpg 768w\" sizes=\"(max-width: 1000px) 100vw, 1000px\" \/><\/p>\n<p>PER\u3068PBR\u306e\u898b\u65b9\u30fb\u4f7f\u3044\u65b9\u3092\u7d39\u4ecb\u3057\u307e\u3057\u305f\u304c\u3001\u305d\u308c\u305e\u308c\u3092\u5931\u6557\u306a\u304f\u4f7f\u3046\u305f\u3081\u306b\u306f\u6ce8\u610f\u3059\u3079\u304d\u70b9\u304c\u3042\u308a\u307e\u3059\u3002<\/p>\n<p>\u5177\u4f53\u7684\u306b\u306f\u6b21\u306e\u3088\u3046\u306a\u70b9\u3067\u3059\u3002<\/p>\n<p><strong>\u3010PER\u3068PBR\u3092\u4f7f\u3046\u3068\u304d\u306e\u6ce8\u610f\u70b9\u3011<\/strong><\/p>\n<table style=\"width: 100%; height: 276px;\">\n<tbody>\n<tr style=\"height: 69px;\">\n<td style=\"background-color: #841f11; text-align: center; height: 69px; width: 51.552%;\">\n<p><span style=\"font-size: 12pt; color: #ffffff;\"><b>PER\u3092\u4f7f\u3046\u3068\u304d\u306e\u6ce8\u610f\u70b9<\/b><\/span><\/p>\n<\/td>\n<td style=\"height: 69px; background-color: #376e25; text-align: center; width: 48.313%;\">\n<p><span style=\"font-size: 12pt; color: #ffffff;\"><b>PBR\u3092\u4f7f\u3046\u3068\u304d\u306e\u6ce8\u610f\u70b9<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr style=\"height: 69px;\">\n<td style=\"text-align: center; height: 69px; background-color: #e1e1e1; width: 51.552%;\">\n<p><span style=\"font-size: 12pt;\"><b>\u8d64\u5b57\u4f01\u696d\u306b\u306f\u4f7f\u3048\u306a\u3044<\/b><\/span><\/p>\n<\/td>\n<td style=\"text-align: center; height: 69px; background-color: #e1e1e1; width: 48.313%;\">\n<p><span style=\"font-size: 12pt;\"><b>\u77ed\u671f\u6295\u8cc7\u306e\u5224\u65ad\u306b\u306f\u4f7f\u3048\u306a\u3044<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr style=\"height: 69px;\">\n<td style=\"text-align: center; height: 69px; background-color: #e1e1e1; width: 51.552%;\">\n<p><span style=\"font-size: 12pt;\"><b>\u7279\u5225\u640d\u76ca\u306a\u3069\u3067\u4e00\u6642\u7684\u306b\u5927\u304d\u304f\u5909\u52d5\u3059\u308b\u3053\u3068\u304c\u3042\u308b<\/b><\/span><\/p>\n<\/td>\n<td style=\"text-align: center; height: 69px; background-color: #e1e1e1; width: 48.313%;\">\n<p><span style=\"font-size: 12pt;\"><b>\u5272\u5b89\u306e\u88cf\u306b\u30ea\u30b9\u30af\u3092\u306f\u3089\u3080\u5834\u5408\u304c\u3042\u308b<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr style=\"height: 69px;\">\n<td style=\"text-align: center; height: 69px; background-color: #e1e1e1; width: 51.552%;\">\n<p><span style=\"font-size: 12pt;\"><b>\u4e88\u60f3PER\u306f\u4e88\u60f3\u304c\u5916\u308c\u308b\u3068\u5927\u304d\u304f\u305a\u308c\u308b<\/b><\/span><\/p>\n<\/td>\n<td style=\"text-align: center; height: 69px; background-color: #e1e1e1; width: 48.313%;\">\n<p><span style=\"font-size: 12pt;\"><b>\u5275\u696d\u671f\u306e\u4f01\u696d\u306f\u5272\u9ad8\u3068\u8a55\u4fa1\u3055\u308c\u308b<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><span style=\"font-weight: 400;\">\u305d\u308c\u305e\u308c\u8a73\u3057\u304f\u898b\u3066\u3044\u304d\u307e\u3057\u3087\u3046\u3002<\/span><\/p>\n<h3 id=\"5-1\">5-1. PER\uff08\u682a\u4fa1\u53ce\u76ca\u7387\uff09\u3092\u4f7f\u3046\u6642\u306e\u6ce8\u610f\u70b9<\/h3>\n<p><span style=\"font-weight: 400;\">PER\u3092\u898b\u308b\u6642\u306e\u6ce8\u610f\u70b9\u3092\u306f\u6b21\u306e3\u3064\u3067\u3059\u3002<\/span><\/p>\n<table style=\"width: 100%; height: 268px;\">\n<tbody>\n<tr style=\"height: 67px;\">\n<td style=\"height: 67px; background-color: #701a0e; text-align: center;\">\n<p><span style=\"font-size: 12pt; color: #ffffff;\"><b>PER\u3092\u4f7f\u3046\u3068\u304d\u306e\u6ce8\u610f\u70b9<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr style=\"height: 67px;\">\n<td style=\"height: 67px; text-align: center;\">\n<p><span style=\"font-size: 12pt;\"><b>\u8d64\u5b57\u4f01\u696d\u306b\u306f\u4f7f\u3048\u306a\u3044<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr style=\"height: 67px;\">\n<td style=\"height: 67px; text-align: center;\">\n<p><span style=\"font-size: 12pt;\"><b>\u7279\u5225\u640d\u76ca\u306a\u3069\u3067\u4e00\u6642\u7684\u306b\u5927\u304d\u304f\u5909\u52d5\u3059\u308b\u3053\u3068\u304c\u3042\u308b<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr style=\"height: 67px;\">\n<td style=\"height: 67px; text-align: center;\">\n<p><span style=\"font-size: 12pt;\"><b>\u4e88\u60f3PER\u306f\u4e88\u60f3\u304c\u5916\u308c\u308b\u3068\u5927\u304d\u304f\u305a\u308c\u308b<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>\u9806\u306b\u89e3\u8aac\u3057\u307e\u3059\u3002<\/p>\n<h4 id=\"5-1-1\">5-1-1. \u8d64\u5b57\u4f01\u696d\u306b\u306f\u4f7f\u3048\u306a\u3044<\/h4>\n<p><span style=\"color: #ff0000;\"><strong>\u8d64\u5b57\u4f01\u696d\u306e\u5834\u5408\u3001PER\u306f\u4f7f\u3048\u307e\u305b\u3093\u3002<\/strong><\/span><\/p>\n<p>\u306a\u305c\u306a\u3089\u3001\u8d64\u5b57\u4f01\u696d\u306e\u5834\u5408\u3001PER\u306e\u8a08\u7b97\u306e\u5206\u6bcd\u3068\u306a\u308b\u7d14\u5229\u76ca\u304c\u30de\u30a4\u30ca\u30b9\u3068\u306a\u308b\u305f\u3081\u3001PER\u3092\u8a08\u7b97\u3059\u308b\u3053\u3068\u304c\u3067\u304d\u306a\u3044\u304b\u3089\u3067\u3059\u3002<\/p>\n<p>\u3053\u306e\u305f\u3081\u8d64\u5b57\u4f01\u696d\u306e\u5834\u5408\u306f\u3001PER\u3067\u5272\u5b89\u30fb\u5272\u9ad8\u306e\u5224\u65ad\u3092\u3059\u308b\u3053\u3068\u304c\u3067\u304d\u307e\u305b\u3093\u3002<\/p>\n<h4 id=\"5-1-2\">5-1-2. \u7279\u5225\u640d\u76ca\u306a\u3069\u3067\u4e00\u6642\u7684\u306b\u5927\u304d\u304f\u5909\u52d5\u3059\u308b\u3053\u3068\u304c\u3042\u308b<\/h4>\n<p><span style=\"color: #ff0000;\"><strong>PER\u306f\u3001\u571f\u5730\u306e\u58f2\u5374\u3084\u4fdd\u6709\u6709\u4fa1\u8a3c\u5238\u306e\u8a55\u4fa1\u306a\u3069\u304b\u3089\u5f97\u3089\u308c\u305f\u7279\u5225\u5229\u76ca\u306b\u3088\u3063\u3066\u3001\u4e00\u6642\u7684\u306b\u5927\u304d\u304f\u5909\u52d5\u3059\u308b\u3053\u3068\u304c\u3042\u308a\u307e\u3059\u3002<\/strong><\/span>\u307e\u305f\u3001\u305d\u3046\u3057\u305f\u7279\u5225\u5229\u76ca\u304c\u306a\u304f\u306a\u3063\u305f\u7fcc\u5e74\u306b\u3082\u3001PER\u306f\u53cd\u52d5\u3067\u9006\u65b9\u5411\u306b\u8df3\u306d\u308b\u50be\u5411\u304c\u3042\u308a\u307e\u3059\u3002<\/p>\n<p>\u7279\u5225\u640d\u76ca\u306a\u3069\u306e\u4e00\u6642\u7684\u306a\u5229\u76ca\u3067\u3001PER\u306f\u5927\u304d\u304f\u5909\u52d5\u3059\u308b\u305f\u3081\u3001\u5358\u5e74\u306ePER\u3060\u3051\u3067\u5224\u65ad\u3059\u308b\u3053\u3068\u306f\u907f\u3051\u308b\u3088\u3046\u306b\u3057\u307e\u3057\u3087\u3046\u3002<\/p>\n<p>PER\u3092\u5229\u7528\u3059\u308b\u5834\u5408\u306b\u306f\u3001\u6700\u4f4e\u3067\u30822\uff5e3\u5e74\u4ee5\u4e0a\u306b\u308f\u305f\u3063\u3066\u898b\u308b\u306a\u3069\u3001\u904e\u53bb\u306e\u63a8\u79fb\u3092\u78ba\u8a8d\u3059\u308b\u3053\u3068\u304c\u5927\u5207\u3067\u3059\u3002<\/p>\n<h4 id=\"5-1-3\">5-1-3. \u4e88\u60f3PER\u306f\u3001\u7d14\u5229\u76ca\u306e\u4e88\u60f3\u304c\u5916\u308c\u308b\u3068\u5927\u304d\u304f\u305a\u308c\u308b<\/h4>\n<p><span style=\"color: #ff0000;\"><strong>\u4e88\u60f3PER\u306f\u3001\u7d14\u5229\u76ca\u306e\u4e88\u60f3\u304c\u5916\u308c\u308b\u3068\u5927\u304d\u304f\u305a\u308c\u308b\u3053\u3068\u304c\u3042\u308a\u307e\u3059\u3002<\/strong><\/span><\/p>\n<p>\u300c<a href=\"#4-1\">4-1. PER\u3084PBR\u306f\u4f01\u696d\u306e\u8a3c\u5238\u4f1a\u793e\u3084\u6295\u8cc7\u60c5\u5831\u30b5\u30a4\u30c8\u306e\u9298\u67c4\u7d39\u4ecb\u306a\u3069\u3067\u78ba\u8a8d\u3067\u304d\u308b<\/a>\u300d\u3067\u3001PER\u306e\u8a08\u7b97\u306b\u306f\u3001\u4e88\u60f3\u306e\u4e00\u682a\u5f53\u305f\u308a\u7d14\u5229\u76ca\u3092\u4f7f\u3063\u305f\u4e88\u60f3PER\u3092\u4f7f\u3046\u3053\u3068\u304c\u591a\u3044\u3053\u3068\u3092\u7d39\u4ecb\u3057\u307e\u3057\u305f\u3002\u4e88\u60f3\u7d14\u5229\u76ca\u306b\u306f\u3001\u4f01\u696d\u81ea\u8eab\u304c\u51fa\u3057\u3066\u3044\u308b\u300c\u4f1a\u793e\u4e88\u60f3\u300d\u306e\u5024\u3084\u3001\u30a2\u30ca\u30ea\u30b9\u30c8\u304c\u63a8\u8a08\u3057\u305f\u4e88\u60f3\u5024\u306a\u3069\u304c\u4f7f\u308f\u308c\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>\u3053\u308c\u3089\u306e\u6570\u5024\u306f\u3001\u30ea\u30fc\u30de\u30f3\u30b7\u30e7\u30c3\u30af\u3084\u30b3\u30ed\u30ca\u306e\u3088\u3046\u306a\u7d4c\u6e08\u74b0\u5883\u306e\u6025\u6fc0\u306a\u5909\u5316\u304c\u8d77\u304d\u305f\u308a\u3001\u4e8b\u6545\u3084\u4e8b\u4ef6\u3067\u4e8b\u696d\u304c\u6025\u6fc0\u306b\u60aa\u5316\u3057\u305f\u308a\u3057\u305f\u5834\u5408\u306b\u306f\u3001\u5916\u308c\u308b\u3053\u3068\u304c\u3042\u308a\u307e\u3059\u3002<\/p>\n<p>\u7d14\u5229\u76ca\u304c\u4e88\u60f3\u5024\u3068\u5927\u304d\u304f\u5916\u308c\u3066\u3057\u307e\u3046\u3068\u3001\u305d\u308c\u306b\u57fa\u3065\u3044\u3066\u7b97\u5b9a\u3057\u305f\u4e88\u60f3PER\u3082\u5927\u304d\u304f\u5916\u308c\u308b\u305f\u3081\u6ce8\u610f\u3057\u307e\u3057\u3087\u3046\u3002<\/p>\n<h3 id=\"5-2\">5-2. PBR\uff08\u682a\u4fa1\u7d14\u8cc7\u7523\u500d\u7387\uff09\u3092\u4f7f\u3046\u6642\u306e\u6ce8\u610f\u70b9<\/h3>\n<p>PBR\u3092\u4f7f\u3046\u6642\u306e\u6ce8\u610f\u70b9\u306f\u6b21\u306e3\u3064\u3067\u3059\u3002<\/p>\n<table style=\"width: 100%; height: 268px;\">\n<tbody>\n<tr style=\"height: 67px;\">\n<td style=\"height: 67px; background-color: #29511b; text-align: center;\">\n<p><span style=\"font-size: 12pt; color: #ffffff;\"><b>PBR\u3092\u4f7f\u3046\u3068\u304d\u306e\u6ce8\u610f\u70b9<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr style=\"height: 67px;\">\n<td style=\"height: 67px; text-align: center; background-color: #efefef;\">\n<p><span style=\"font-size: 12pt;\"><b>\u77ed\u671f\u6295\u8cc7\u306e\u5224\u65ad\u306b\u306f\u4f7f\u3048\u306a\u3044<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr style=\"height: 67px;\">\n<td style=\"height: 67px; text-align: center; background-color: #efefef;\">\n<p><span style=\"font-size: 12pt;\"><b>\u5272\u5b89\u306e\u88cf\u306b\u30ea\u30b9\u30af\u3092\u306f\u3089\u3080\u5834\u5408\u304c\u3042\u308b<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr style=\"height: 67px;\">\n<td style=\"height: 67px; text-align: center; background-color: #efefef;\">\n<p><span style=\"font-size: 12pt;\"><b>\u5275\u696d\u671f\u306e\u4f01\u696d\u306f\u5272\u9ad8\u3068\u8a55\u4fa1\u3055\u308c\u308b<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>\u9806\u306b\u89e3\u8aac\u3057\u307e\u3059\u3002<\/p>\n<h4 id=\"5-2-1\">5-2-1. \u77ed\u671f\u6295\u8cc7\u306e\u5224\u65ad\u306b\u306f\u4f7f\u3048\u306a\u3044<\/h4>\n<p><strong><span style=\"color: #ff0000;\">PBR\u306f\u3001\u77ed\u671f\u6295\u8cc7\u306e\u5224\u65ad\u306b\u306f\u4f7f\u3048\u306a\u3044\u6307\u6a19\u3067\u3059\u3002<\/span><\/strong><\/p>\n<p>\u306a\u305c\u306a\u3089\u3001PER\u306e\u5206\u6bcd\u306e\u7d14\u8cc7\u7523\u306f\u77ed\u671f\u9593\u3067\u5909\u52d5\u3059\u308b\u3053\u3068\u304c\u307b\u3068\u3093\u3069\u306a\u3044\u306e\u3067\u3001\u77ed\u671f\u7684\u306a\u682a\u4fa1\u5909\u52d5\u306b\u5bfe\u3059\u308b\u6295\u8cc7\u5c3a\u5ea6\u306b\u306f\u306a\u3089\u306a\u3044\u304b\u3089\u3067\u3059\u3002<\/p>\n<p>\u3053\u306e\u305f\u3081PBR\u306f\u77ed\u671f\u306e\u6295\u8cc7\u3092\u884c\u3046\u969b\u306e\u5224\u65ad\u6750\u6599\u306b\u306f\u5411\u3044\u3066\u3044\u306a\u3044\u3068\u8a00\u3048\u307e\u3059\u3002<\/p>\n<h4 id=\"5-2-2\">5-2-2. \u5272\u5b89\u306e\u88cf\u306b\u30ea\u30b9\u30af\u3092\u306f\u3089\u3080\u5834\u5408\u304c\u3042\u308b<\/h4>\n<p><span style=\"color: #ff0000;\"><strong>PBR\u304c\uff11\u4ee5\u4e0b\u3067\u3082\u3001\u80cc\u666f\u306b\u30ea\u30b9\u30af\u3092\u62b1\u3048\u3066\u304a\u308a\u3001\u5358\u7d14\u306b\u5272\u5b89\u3068\u8a00\u3048\u306a\u3044\u5834\u5408\u304c\u3042\u308a\u307e\u3059\u3002<\/strong><\/span><\/p>\n<p>\u4f8b\u3048\u3070\u3001\u8d64\u5b57\u4f01\u696d\u3067\u682a\u4fa1\u304c\u4f4e\u8ff7\u3057\u3066\u3044\u308b\u3088\u3046\u306a\u5834\u5408\u3067\u3059\u3002\u305d\u3046\u3057\u305f\u5834\u5408\u3001\u4eca\u306f\u682a\u4fa1\u3088\u308a\u3082\u7d14\u8cc7\u7523\u304c\u9ad8\u304f\u3066\u3082\u3001\u5c06\u6765\u3001\u8d64\u5b57\u306e\u5f71\u97ff\u3067\u8cc7\u7523\u304c\u53d6\u308a\u5d29\u3055\u308c\u3001\u7d14\u8cc7\u7523\u304c\u6e1b\u5c11\u3059\u308b\u3053\u3068\u304c\u4e88\u6e2c\u3055\u308c\u307e\u3059\u3002<\/p>\n<p>\u3053\u306e\u3088\u3046\u306b\u3001PBR\u306f\u6570\u5b57\u306e\u4e0a\u3067\u5272\u5b89\u3067\u3042\u3063\u3066\u3082\u3001\u5b9f\u614b\u3092\u78ba\u8a8d\u3059\u308b\u3068\u8d64\u5b57\u3067\u3042\u3063\u305f\u308a\u3001\u30c8\u30e9\u30d6\u30eb\u3092\u62b1\u3048\u3066\u3044\u305f\u308a\u3068\u3001\u682a\u4fa1\u304c\u4f4e\u8ff7\u3059\u308b\u306a\u3093\u3089\u304b\u306e\u4e8b\u60c5\u3092\u62b1\u3048\u3066\u3044\u308b\u5834\u5408\u304c\u3042\u308b\u305f\u3081\u6ce8\u610f\u3057\u307e\u3057\u3087\u3046\u3002<\/p>\n<p>PBR\u304c\u5272\u5b89\u306a\u5834\u5408\u306f\u3001\u8ca1\u52d9\u72b6\u6cc1\u3084\u4f01\u696d\u30cb\u30e5\u30fc\u30b9\u3092\u30c1\u30a7\u30c3\u30af\u3059\u308b\u306a\u3069\u3057\u3066\u61f8\u5ff5\u6750\u6599\u304c\u306a\u3044\u304b\u3069\u3046\u304b\u78ba\u8a8d\u3059\u308b\u3088\u3046\u306b\u3057\u307e\u3057\u3087\u3046\u3002<\/p>\n<h4 id=\"5-2-3\">5-2-3. \u5275\u696d\u671f\u306e\u4f01\u696d\u306f\u5272\u9ad8\u3068\u8a55\u4fa1\u3055\u308c\u308b<\/h4>\n<p><strong><span style=\"color: #ff0000;\">\u5275\u696d\u304b\u3089\u9593\u3082\u306a\u3044\u4f01\u696d\u306fPBR\u304c\u9ad8\u304f\u306a\u308b\u50be\u5411\u304c\u3042\u308a\u307e\u3059\u3002<\/span><\/strong><\/p>\n<p>\u3053\u308c\u306f\u3001\u5275\u696d\u671f\u306e\u4f01\u696d\u306f\u501f\u5165\u304c\u591a\u304f\u306a\u308b\u305f\u3081\u8ca0\u50b5\u6bd4\u7387\u304c\u9ad8\u307e\u308a\u3001\u76f8\u5bfe\u7684\u306b\u7d14\u8cc7\u7523\u6bd4\u7387\u304c\u4f4e\u304f\u306a\u308b\u304b\u3089\u3067\u3059\u3002\u5275\u696d\u671f\u306e\u4f01\u696d\u306f\u3001PBR\u306e\u5206\u6bcd\u306e\u4e00\u682a\u5f53\u305f\u308a\u306e\u7d14\u8cc7\u7523\u306e\u5024\u304c\u5c0f\u3055\u304f\u306a\u308b\u305f\u3081\u3001PBR\u306e\u5024\u304c\u5927\u304d\u304f\u306a\u308b\u50be\u5411\u306b\u3042\u308b\u3053\u3068\u306b\u6ce8\u610f\u3057\u307e\u3057\u3087\u3046\u3002<\/p>\n<h2 id=\"6\">6. \u4ed6\u306b\u3082\u78ba\u8a8d\u3057\u3066\u304a\u304d\u305f\u3044\u30d5\u30a1\u30f3\u30c0\u30e1\u30f3\u30bf\u30eb\u5206\u6790\u6307\u6a19<\/h2>\n<p><img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2022\/05\/image14.jpg\" alt=\"\" width=\"1000\" height=\"618\" class=\"aligncenter size-full wp-image-2378\" srcset=\"https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2022\/05\/image14.jpg 1000w, https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2022\/05\/image14-300x185.jpg 300w, https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2022\/05\/image14-768x475.jpg 768w\" sizes=\"(max-width: 1000px) 100vw, 1000px\" \/><\/p>\n<p>\u65e2\u306b\u8ff0\u3079\u305f\u901a\u308a\u3001PER\u3001PBR\u306f\u305d\u308c\u305e\u308c\u9298\u67c4\u306e\u5272\u5b89\u611f\u3092\u5224\u65ad\u3059\u308b\u3053\u3068\u306f\u3067\u304d\u307e\u3059\u304c\u3001\u305d\u308c\u3060\u3051\u3067\u512a\u826f\u9298\u67c4\u304c\u9078\u629e\u3067\u304d\u308b\u3068\u3044\u3046\u4e07\u80fd\u6307\u6a19\u3067\u306f\u3042\u308a\u307e\u305b\u3093\u3002<\/p>\n<p>PER\u3068PBR\u306f\u3001\u4f01\u696d\u306e\u5c06\u6765\u6027\u3084\u5b89\u5168\u6027\u306a\u3069\u306f\u5224\u65ad\u3067\u304d\u306a\u3044\u3068\u3044\u3046\u6b20\u70b9\u304c\u3042\u308b\u305f\u3081\u3001<strong>\u6295\u8cc7\u5224\u65ad\u3092\u3059\u308b\u969b\u306b\u306f\u3001\u4ed6\u306e\u6307\u6a19\u3092\u88dc\u5b8c\u7684\u306b\u5229\u7528\u3059\u308b\u5fc5\u8981\u304c\u3042\u308a\u307e\u3059\u3002<\/strong><\/p>\n<p>\u5177\u4f53\u7684\u306b\u306f\u3001\u4e0b\u8a18\u306e\u3088\u3046\u306a\u6307\u6a19\u3092\u4f7f\u3046\u3053\u3068\u304c\u304a\u3059\u3059\u3081\u3067\u3059\u3002<\/p>\n<p><strong>\u3010PER\u30fbPBR\u3068\u3042\u308f\u305b\u3066\u78ba\u8a8d\u3057\u305f\u3044\u30d5\u30a1\u30f3\u30c0\u30e1\u30f3\u30bf\u30eb\u5206\u6790\u6307\u6a19\u3011<\/strong><\/p>\n<table>\n<tbody>\n<tr>\n<td style=\"text-align: center; background-color: #0e5ac8;\">\n<p><span style=\"font-size: 12pt; color: #ffffff;\"><b>\u6307\u6a19\u540d<\/b><\/span><\/p>\n<\/td>\n<td style=\"text-align: center; background-color: #0e5ac8;\">\n<p><span style=\"font-size: 12pt; color: #ffffff;\"><b>\u5185\u5bb9\u30fb\u898b\u65b9<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td>\n<p><span style=\"font-size: 12pt;\"><b>EPS\uff08\u4e00\u682a\u5f53\u305f\u308a\u7d14\u5229\u76ca\uff09<\/b><\/span><\/p>\n<\/td>\n<td>\n<p><span style=\"font-weight: 400;\">\u4e00\u682a\u5f53\u305f\u308a\u3069\u308c\u3060\u3051\u5229\u76ca\u3092\u51fa\u3057\u305f\u304b\u3092\u898b\u308b\u3002\u6570\u5e74\u9593\u306e\u63a8\u79fb\u3092\u898b\u3066\u4e0a\u6607\u3057\u3066\u3044\u308c\u3070\u3001\u6210\u9577\u4f01\u696d\u3068\u5224\u65ad\u3067\u304d\u308b\u3002<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td>\n<p><span style=\"font-size: 12pt;\"><b>ROE\uff08\u81ea\u5df1\u8cc7\u672c\u5229\u76ca\u7387\uff09<\/b><\/span><\/p>\n<\/td>\n<td>\n<p><span style=\"font-weight: 400;\">\u682a\u4e3b\u304b\u3089\u96c6\u3081\u305f\u8cc7\u672c\u306a\u3069\u306e\u81ea\u5df1\u8cc7\u672c\u3067\u3069\u308c\u304f\u3089\u3044\u5229\u76ca\u3092\u751f\u307f\u51fa\u3057\u305f\u304b\u3092\u898b\u308b\u3002\u9ad8\u3044\u307b\u3069\u52b9\u7387\u7684\u3068\u5224\u65ad\u3055\u308c\u308b\u3002<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td>\n<p><span style=\"font-size: 12pt;\"><b>ROA\uff08\u7dcf\u8cc7\u7523\u5229\u76ca\u7387\uff09\u3000<\/b><\/span><\/p>\n<\/td>\n<td>\n<p><span style=\"font-weight: 400;\">\u81ea\u5df1\u8cc7\u672c\u3060\u3051\u3067\u306a\u304f\u8ca0\u50b5\u306a\u3069\u306e\u4ed6\u4eba\u8cc7\u672c\u3082\u542b\u3081\u305f\u7dcf\u8cc7\u7523\u3092\u6d3b\u7528\u3057\u3001\u3069\u308c\u3060\u3051\u5229\u76ca\u3092\u4e0a\u3052\u305f\u304b\u3092\u5224\u65ad\u3059\u308b\u3002\u9ad8\u3044\u307b\u3069\u52b9\u7387\u7684\u3068\u5224\u65ad\u3055\u308c\u308b\u3002<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td>\n<p><span style=\"font-size: 12pt;\"><b>BPS\uff08\u4e00\u682a\u5f53\u305f\u308a\u7d14\u8cc7\u7523\uff09<\/b><\/span><\/p>\n<\/td>\n<td>\n<p><span style=\"font-weight: 400;\">1\u682a\u306b\u5bfe\u3057\u3066\u4f1a\u793e\u306e\u7d14\u8cc7\u7523\u304c\u3044\u304f\u3089\u3042\u308b\u304b\u3092\u8868\u3059\u3002\u4e00\u682a\u5f53\u305f\u308a\u7d14\u8cc7\u7523\u306f\u3001\u300c1\u682a\u5f53\u305f\u308a\u89e3\u6563\u4fa1\u5024\u300d\u3068\u3082\u547c\u3070\u308c\u308b\u3002\u9ad8\u3044\u307b\u3069\u7d14\u8cc7\u7523\u304c\u591a\u304f\u3001\u8ca0\u50b5\u304c\u5c11\u306a\u3044\u305f\u3081\u3001\u5b89\u5168\u6027\u304c\u9ad8\u3044\u3068\u5224\u65ad\u3055\u308c\u308b\u3002<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td>\n<p><span style=\"font-size: 12pt;\"><b>\u914d\u5f53\u5229\u56de\u308a<\/b><\/span><\/p>\n<\/td>\n<td>\n<p><span style=\"font-weight: 400;\">\u6295\u8cc7\u91d1\u984d\u306b\u5bfe\u3057\u30661\u5e74\u3067\u3069\u306e\u7a0b\u5ea6\u306e\u914d\u5f53\u3092\u3082\u3089\u3048\u308b\u304b\u3092\u793a\u3059\u3002\u6570\u5e74\u9593\u306e\u63a8\u79fb\u3067\u5b89\u5b9a\u3057\u3066\u9ad8\u3044\u5229\u56de\u308a\u3060\u3068\u826f\u3044\u3068\u5224\u65ad\u3055\u308c\u308b\u3002<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>\u4e0a\u8a18\u6307\u6a19\u3092\u4f7f\u3046\u3068\u3001PER\u3068PBR\u3067\u306f\u78ba\u8a8d\u3067\u304d\u306a\u3044\u4e0b\u8a18\u306e\u30dd\u30a4\u30f3\u30c8\u306b\u3064\u3044\u3066\u78ba\u8a8d\u3059\u308b\u3053\u3068\u304c\u3067\u304d\u308b\u305f\u3081\u3001\u6d3b\u7528\u3059\u308b\u3088\u3046\u306b\u3057\u307e\u3057\u3087\u3046\u3002<\/p>\n<p>\u30d5\u30a1\u30f3\u30c0\u30e1\u30f3\u30bf\u30eb\u5206\u6790\u306b\u3064\u3044\u3066\u306f\u3001\u3053\u3061\u3089\u306e\u8a18\u4e8b\u3067\u3055\u3089\u306b\u8a73\u3057\u304f\u7d39\u4ecb\u3057\u3066\u3044\u307e\u3059\u3002<br \/>\n<a href=\"https:\/\/official.gfs.tokyo\/blog\/stock-fundamentals\">\u682a\u306e\u30d5\u30a1\u30f3\u30c0\u30e1\u30f3\u30bf\u30eb\u30ba\u5206\u6790\u3068\u306f\uff1f\u5fc5\u8981\u6027\u3084\u65b9\u6cd5\u3092\u308f\u304b\u308a\u3084\u3059\u304f\u8aac\u660e<\/a><\/p>\n<p><strong>\u25a0\u4f01\u696d\u306e\u5c06\u6765\u6027\u30fb\u6210\u9577\u6027\u3092\u898b\u308b\u3053\u3068\u304c\u3067\u304d\u308b<\/strong><br \/>\n<strong><span style=\"color: #ff0000;\">EPS\uff08\u4e00\u682a\u5f53\u305f\u308a\u7d14\u5229\u76ca\uff09<\/span>\u306f\u3001\u4f01\u696d\u304c\u4eca\u5f8c\u4e8b\u696d\u3092\u62e1\u5927\u3057\u3066\u3044\u3051\u308b\u304b\u3068\u3044\u3046\u300c\u4f01\u696d\u306e\u5c06\u6765\u6027\u30fb\u6210\u9577\u6027\u300d\u3092\u78ba\u8a8d\u3059\u308b\u3053\u3068\u304c\u3067\u304d\u307e\u3059\u3002<\/strong><\/p>\n<p>\u4f01\u696d\u306b\u6210\u9577\u529b\u304c\u3042\u308b\u3068\u3001\u305d\u306e\u5f8c\u682a\u4fa1\u306e\u4e0a\u6607\u304c\u671f\u5f85\u3067\u304d\u308b\u305f\u3081\u3001EPS\uff08\u4e00\u682a\u3042\u305f\u308a\u7d14\u5229\u76ca\uff09\u306e\u4e88\u60f3\u5024\u3084\u904e\u53bb\u306e\u6570\u5024\u306a\u3069\u3092\u898b\u3066\u3001\u4f01\u696d\u306e\u6210\u9577\u6027\u3092\u5224\u65ad\u3059\u308b\u3088\u3046\u306b\u3057\u307e\u3057\u3087\u3046\u3002<\/p>\n<p><strong>\u25a0\u4f01\u696d\u306e\u53ce\u76ca\u6027\u3092\u898b\u308b\u6307\u6a19<\/strong><br \/>\n<strong><span style=\"color: #ff0000;\">ROE\uff08\u81ea\u5df1\u8cc7\u672c\u5229\u76ca\u7387\uff09\u3084ROA\uff08\u7dcf\u8cc7\u7523\u5229\u76ca\u7387\uff09<\/span>\u306f\u3001<span>\u682a\u4e3b\u304c\u6295\u8cc7\u3057\u3066\u304f\u308c\u305f\u8cc7\u91d1\u3092\u3082\u3068\u306b\u3001\u4f01\u696d\u304c<\/span>\u3069\u308c\u3060\u3051\u52b9\u7387\u7684\u306b\u7a3c\u3044\u3067\u3044\u308b\u304b\u3068\u3044\u3063\u305f\u300c\u53ce\u76ca\u6027\u300d\u3092\u793a\u3059\u6307\u6a19\u3067\u3059\u3002<\/strong><\/p>\n<p>\u53ce\u76ca\u6027\u304c\u9ad8\u3044\u3068\u3001\u6295\u8cc7\u3057\u305f\u91d1\u984d\u306b\u5bfe\u3057\u3066\u306e\u9ad8\u3044\u30ea\u30bf\u30fc\u30f3\u304c\u671f\u5f85\u3067\u304d\u308b\u305f\u3081\u3001ROE\uff08\u81ea\u5df1\u8cc7\u672c\u5229\u76ca\u7387\uff09\u3084ROA\uff08\u7dcf\u8cc7\u7523\u5229\u76ca\u7387\uff09\u3092\u4f75\u305b\u3066\u898b\u308b\u3053\u3068\u304c\u304a\u3059\u3059\u3081\u3067\u3059\u3002<\/p>\n<p><a href=\"https:\/\/official.gfs.tokyo\/blog\/stock-roe\">\u300c\u682a\u306e\u6295\u8cc7\u306b\u5f79\u7acb\u3064ROE\u3068\u306f\uff1f\u4f7f\u3044\u65b9\u30683\u3064\u306e\u6ce8\u610f\u70b9\u3092\u89e3\u8aac<\/a>\u300d\u306e\u8a18\u4e8b\u3067\u3001\u3088\u308a\u8a73\u3057\u304fROE\u306e\u4f7f\u3044\u65b9\u3092\u89e3\u8aac\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n<p><strong>\u25a0\u4f01\u696d\u306e\u5b89\u5168\u6027\u3092\u898b\u308b\u6307\u6a19<\/strong><br \/>\n<strong><span style=\"color: #ff0000;\">BPS\uff08\u4e00\u682a\u5f53\u305f\u308a\u7d14\u8cc7\u7523\uff09<\/span>\u306f\u3001\u300c\u4e00\u682a\u5f53\u305f\u308a\u306e\u89e3\u6563\u4fa1\u5024\u300d\u3068\u3082\u8a00\u308f\u308c\u3001\u4eee\u306b\u4f01\u696d\u304c\u5012\u7523\u30fb\u6e05\u7b97\u3057\u305f\u5834\u5408\u682a\u4e3b\u306e\u624b\u5143\u306b\u6b8b\u308b\u4fa1\u5024\u3092\u8868\u3059\u6307\u6a19\u3067\u3059\u3002<\/strong><\/p>\n<p>\u4f01\u696d\u304c\u5012\u7523\u3057\u306a\u3044\u304b\u3069\u3046\u304b\u3068\u3044\u3063\u305f\u5b89\u5168\u6027\u3092\u6e2c\u308b\u305f\u3081\u306b\u3082\u3001BPS\uff08\u4e00\u682a\u5f53\u305f\u308a\u7d14\u8cc7\u7523\uff09\u306a\u3069\u306e\u6307\u6a19\u3092\u4f75\u305b\u3066\u78ba\u8a8d\u3059\u308b\u3088\u3046\u306b\u3057\u307e\u3057\u3087\u3046\u3002<\/p>\n<p><strong>\u25a0\u682a\u4fa1\u306e\u5272\u5b89\u611f\u30fb\u5272\u9ad8\u611f\u3092\u6e2c\u308b\u6307\u6a19<\/strong><\/p>\n<p>\u300c<a href=\"#5-1-1\">5-1-1. \u8d64\u5b57\u4f01\u696d\u306b\u306f\u4f7f\u3048\u306a\u3044<\/a>\u300d\u3067\u3001PER\u306f\u8d64\u5b57\u6c7a\u7b97\u306e\u5834\u5408\u306b\u306f\u4f7f\u3048\u306a\u3044\u3053\u3068\u3092\u7d39\u4ecb\u3057\u307e\u3057\u305f\u3002\u682a\u4fa1\u306e\u5272\u5b89\u611f\u30fb\u5272\u9ad8\u611f\u3092\u6e2c\u308b\u6307\u6a19\u3068\u3057\u3066\u307b\u304b\u306b\u300c\u914d\u5f53\u5229\u56de\u308a\u300d\u3092\u898b\u308b\u3068\u3044\u3063\u305f\u65b9\u6cd5\u3082\u3042\u308a\u307e\u3059\u3002\u914d\u5f53\u5229\u56de\u308a\u306f\u3001\u6570\u5024\u304c\u5c0f\u3055\u3044\u65b9\u304c\u5272\u9ad8\u3001\u5927\u304d\u3044\u65b9\u304c\u5272\u5b89\u3068\u306a\u308a\u307e\u3059\u3002<\/p>\n<p><span style=\"color: #ff0000;\"><strong>\u4e0a\u8a18\u306e\u5404\u6307\u6a19\u3082\u3001PER\u30fbPBR\u3068\u540c\u69d8\u306b\u3001\u8a3c\u5238\u4f1a\u793e\u3084\u6295\u8cc7\u60c5\u5831\u4f1a\u793e\u306e\u30b5\u30a4\u30c8\u3067\u78ba\u8a8d\u3059\u308b\u3053\u3068\u304c\u3067\u304d\u307e\u3059\u3002PER\u30fbPBR\u3068\u3042\u308f\u305b\u3066\u78ba\u8a8d\u3059\u308b\u3088\u3046\u306b\u3057\u307e\u3057\u3087\u3046\u3002<\/strong><\/span><\/p>\n<p>\u6295\u8cc7\u4fe1\u8a17\u306e\u9078\u3073\u65b9\u306a\u3069\u3092\u3055\u3089\u306b\u6df1\u304f\u5b66\u3076\u306b\u306f\u3001\u6295\u8cc7\u306e\u30d7\u30ed\u304c\u6559\u3048\u308b\u6295\u8cc7\u8b1b\u5ea7\u306a\u3069\u306e\u53d7\u8b1b\u304c\u304a\u3059\u3059\u3081\u3067\u3059\u3002\u6295\u8cc7\u306e\u6b63\u3057\u3044\u77e5\u8b58\u3092\u52b9\u7387\u7684\u306b\u5b66\u3076\u3053\u3068\u304c\u3067\u304d\u307e\u3059\u3002<\/p>\n<p>\u4f8b\u3048\u3070\u3001\u5f0a\u793e\u306e\u904b\u55b6\u3059\u308bGFS\u3067\u306f\u3001\u6295\u8cc7\u306e\u9054\u4eba\u8b1b\u5ea7\uff08\u7121\u6599\uff09\u3092\u63d0\u4f9b\u3057\u3066\u3044\u307e\u3059\u3002\u6295\u8cc7\u3067\u5931\u6557\u3057\u306a\u3044\u305f\u3081\u306b\u3082\u3001\u6295\u8cc7\u306e\u672c\u8cea\u304c\u308f\u304b\u308b\u7121\u6599\u30bb\u30df\u30ca\u30fc\u3092\u305c\u3072\u3054\u8996\u8074\u304f\u3060\u3055\u3044\u3002<\/p>\n<div class=\"xcd-btn-5 xcd-ripple xcd-col5\">\n<p style=\"text-align: left;\">\u3010\u6295\u8cc7\u306e\u5931\u6557\u3092\u3057\u305f\u304f\u306a\u3044\u4eba\u306f\u3001GFS\u76e3\u4fee \u6295\u8cc7\u306e\u9054\u4eba\u8b1b\u5ea7\u304c\u304a\u3059\u3059\u3081\u3011<\/p>\n<p style=\"text-align: left;\"><span style=\"font-size: 14pt;\">\u300c\u3082\u3063\u3068\u53ce\u5165\u3092\u5897\u3084\u3057\u305f\u3044\u2026\u300d<\/span><br \/>\n<span style=\"font-size: 14pt;\">\u300c\u5c06\u6765\u3092\u8003\u3048\u305f\u3089\u304a\u91d1\u304c\u4e0d\u5b89\u306b\u306a\u3063\u305f\u2026\u300d<\/span><br \/>\n<span style=\"font-size: 14pt;\">\u300c\u53ce\u5165\u3092\u5897\u3084\u3059\u65b9\u6cd5\u304c\u77e5\u308a\u305f\u3044\u3051\u3069\u3001\u6bce\u65e5\u5fd9\u3057\u3044\u2026\u300d<\/span><\/p>\n<p style=\"text-align: left;\">\u305d\u3093\u306a\u65b9\u306b\u306f\u30012\u6642\u9593\u306e\u52d5\u753b\u3067\u300c\u6295\u8cc7\u306e\u672c\u8cea\u300d\u3084\u300c\u6295\u8cc7\u3092\u3059\u308b\u969b\u306e\u8003\u3048\u65b9\u300d\u3092\u5b66\u3076\u3053\u3068\u304c\u3067\u304d\u308b<span style=\"color: #ff0000;\">\u300cGFS\u76e3\u4fee\u3000\u6295\u8cc7\u306e\u9054\u4eba\u8b1b\u5ea7\u300d<\/span>\u304c\u304a\u3059\u3059\u3081\u3067\u3059\uff01<\/p>\n<p style=\"text-align: left;\">\u300cGFS\u306e\u76e3\u4fee\u3000\u6295\u8cc7\u306e\u9054\u4eba\u8b1b\u5ea7\u300d\u306f\u3053\u308c\u307e\u3067\uff130\u4e07\u4eba\u4ee5\u4e0a\u304c\u53c2\u52a0\u3002<br \/>\n\u65e5\u672c\u30c8\u30ec\u30f3\u30c9\u30ea\u30b5\u30fc\u30c1\u306e\u8abf\u67fb\u3067<span style=\"color: #ff0000;\">\u300c2021\u5e74\u6700\u3082\u4fe1\u983c\u3055\u308c\u308b\u30aa\u30f3\u30e9\u30a4\u30f3\u6295\u8cc7\u30bb\u30df\u30ca\u30fc\u300d<\/span>\u306b\u9078\u3070\u308c\u307e\u3057\u305f\u3002<br \/>\n\u30aa\u30f3\u30e9\u30a4\u30f3\u3067\u6642\u9593\u3068\u5834\u6240\u3092\u554f\u308f\u305a\u306b\u5b66\u7fd2\u304c\u3067\u304d\u308b\u306e\u3067\u3069\u3093\u306a\u65b9\u3067\u3082\u6c17\u8efd\u306b\u53d7\u8b1b\u3067\u304d\u307e\u3059\u3002<\/p>\n<div><a href=\"https:\/\/toushi-up.com\/ow\/05.html?argument=XJhet6w1&amp;dmai=a64e31f9ee75a0\" class=\"xcd-btn-title\">\u7121\u6599\u30bb\u30df\u30ca\u30fc\u3092\u4eca\u3059\u3050\u8996\u8074\u3059\u308b<\/a><\/div>\n<\/div>\n<h2 id=\"7\">\u307e\u3068\u3081<\/h2>\n<p>PER\u3068PBR\u306b\u3064\u3044\u3066\u89e3\u8aac\u3057\u307e\u3057\u305f\u304c\u3001\u3044\u304b\u304c\u3067\u3057\u305f\u304b\u3002<\/p>\n<p><span style=\"color: #ff0000;\"><strong>PER\uff08\u682a\u4fa1\u53ce\u76ca\u7387\uff09\u3068\u306f\u3001\u300c\u4f01\u696d\u306e\u53ce\u76ca\u300d\u306b\u5bfe\u3059\u308b\u682a\u4fa1\u306e\u5272\u5b89\u30fb\u5272\u9ad8\u611f\u3092\u793a\u3059\u6307\u6a19\u306e\u3053\u3068\u3067\u3001PBR\uff08\u682a\u4fa1\u7d14\u8cc7\u7523\u500d\u7387\uff09\u3068\u306f\u3001\u300c\u4f01\u696d\u306e\u7d14\u8cc7\u7523\u300d\u306b\u5bfe\u3059\u308b\u682a\u4fa1\u306e\u5272\u5b89\u30fb\u5272\u9ad8\u611f\u3092\u793a\u3059\u6307\u6a19\u306e\u3053\u3068\u3067\u3057\u305f\u3002<\/strong><\/span><\/p>\n<p><img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2022\/05\/image3.png\" alt=\"\" width=\"1513\" height=\"538\" class=\"aligncenter size-full wp-image-2364\" srcset=\"https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2022\/05\/image3.png 1513w, https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2022\/05\/image3-300x107.png 300w, https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2022\/05\/image3-1024x364.png 1024w, https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2022\/05\/image3-768x273.png 768w\" sizes=\"(max-width: 1513px) 100vw, 1513px\" \/><\/p>\n<p><strong>PER\u306f\u4f4e\u3044\u307b\u3069\u682a\u4fa1\u306f\u5272\u5b89\u3068\u8a00\u3048\u3001PBR\u306f1\u3092\u4e0b\u56de\u308b\u3068\u5272\u5b89\u3001PBR\u304c1\u3067\u3042\u308c\u3070\u9069\u6027\u4fa1\u683c\u3001PBR\u304c1\u3088\u308a\u5927\u304d\u3051\u308c\u3070\u5272\u9ad8\u3068\u8a00\u3048\u307e\u3059\u3002<\/strong><\/p>\n<p>\u305d\u308c\u305e\u308c\u306e\u4f7f\u3044\u3069\u3053\u308d\u3068\u3057\u3066\u306f\u4e0b\u8a18\u306e\u3088\u3046\u306a\u5834\u9762\u304c\u3042\u308a\u307e\u3059\u3002<\/p>\n<p><img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2022\/05\/image1-1.png\" alt=\"\" width=\"1108\" height=\"465\" class=\"aligncenter size-full wp-image-2371\" srcset=\"https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2022\/05\/image1-1.png 1108w, https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2022\/05\/image1-1-300x126.png 300w, https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2022\/05\/image1-1-1024x430.png 1024w, https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2022\/05\/image1-1-768x322.png 768w\" sizes=\"(max-width: 1108px) 100vw, 1108px\" \/><\/p>\n<p>PER\u3068PBR\u306f\u3001\u696d\u7a2e\u306b\u3088\u3063\u3066\u6c34\u6e96\u304c\u3053\u3068\u306a\u308b\u305f\u3081\u3001\u540c\u696d\u4ed6\u793e\u3068\u6bd4\u8f03\u3057\u305f\u308a\u3001\u81ea\u793e\u306e\u904e\u53bb\u306e\u63a8\u79fb\u3068\u6bd4\u8f03\u3057\u305f\u308a\u3057\u3066\u5224\u65ad\u3059\u308b\u3088\u3046\u306b\u3057\u307e\u3057\u3087\u3046\u3002<\/p>\n<p>\u307e\u305f\u3001\u4f7f\u3046\u4e0a\u3067\u306f\u3001\u4e0b\u8a18\u306e\u70b9\u306b\u3082\u6ce8\u610f\u3059\u308b\u3088\u3046\u306b\u3057\u307e\u3057\u3087\u3046\u3002<\/p>\n<p><strong>\u3010PER\u3068PBR\u3092\u4f7f\u3046\u3068\u304d\u306e\u6ce8\u610f\u70b9\u3011<\/strong><\/p>\n<table style=\"width: 100%; height: 276px;\">\n<tbody>\n<tr style=\"height: 69px;\">\n<td style=\"background-color: #841f11; text-align: center; height: 69px; width: 51.552%;\">\n<p><span style=\"font-size: 12pt; color: #ffffff;\"><b>PER\u3092\u4f7f\u3046\u3068\u304d\u306e\u6ce8\u610f\u70b9<\/b><\/span><\/p>\n<\/td>\n<td style=\"height: 69px; background-color: #376e25; text-align: center; width: 48.313%;\">\n<p><span style=\"font-size: 12pt; color: #ffffff;\"><b>PBR\u3092\u4f7f\u3046\u3068\u304d\u306e\u6ce8\u610f\u70b9<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr style=\"height: 69px;\">\n<td style=\"text-align: center; height: 69px; background-color: #e1e1e1; width: 51.552%;\">\n<p><span style=\"font-size: 12pt;\"><b>\u8d64\u5b57\u4f01\u696d\u306b\u306f\u4f7f\u3048\u306a\u3044<\/b><\/span><\/p>\n<\/td>\n<td style=\"text-align: center; height: 69px; background-color: #e1e1e1; width: 48.313%;\">\n<p><span style=\"font-size: 12pt;\"><b>\u77ed\u671f\u6295\u8cc7\u306e\u5224\u65ad\u306b\u306f\u4f7f\u3048\u306a\u3044<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr style=\"height: 69px;\">\n<td style=\"text-align: center; height: 69px; background-color: #e1e1e1; width: 51.552%;\">\n<p><span style=\"font-size: 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