{"id":25513,"date":"2026-06-12T08:32:47","date_gmt":"2026-06-11T23:32:47","guid":{"rendered":"https:\/\/official.gfs.tokyo\/blog\/?p=25513"},"modified":"2026-06-12T08:32:47","modified_gmt":"2026-06-11T23:32:47","slug":"ue-price-to-earnings-ratio","status":"publish","type":"post","link":"https:\/\/official.gfs.tokyo\/blog\/ue-price-to-earnings-ratio","title":{"rendered":"\u3010\u682a\u521d\u5fc3\u8005\u5411\u3051\u3011PER\uff08\u682a\u4fa1\u53ce\u76ca\u7387\uff09\u3068\u306f\uff1f\u610f\u5473\u3084\u8a08\u7b97\u65b9\u6cd5\u3001\u76ee\u5b89\u306e\u500d\u7387\u3092\u3069\u3053\u3088\u308a\u3082\u5206\u304b\u308a\u3084\u3059\u304f\u4f53\u7cfb\u7684\u306b\u89e3\u8aac\uff01"},"content":{"rendered":"<h2 data-path-to-node=\"0\">\u3010\u682a\u521d\u5fc3\u8005\u5411\u3051\u3011PER\uff08\u682a\u4fa1\u53ce\u76ca\u7387\uff09\u3068\u306f\uff1f\u610f\u5473\u3084\u8a08\u7b97\u65b9\u6cd5\u3001\u76ee\u5b89\u306e\u500d\u7387\u3092\u3069\u3053\u3088\u308a\u3082\u5206\u304b\u308a\u3084\u3059\u304f\u4f53\u7cfb\u7684\u306b\u89e3\u8aac\uff01<\/h2>\n<p data-path-to-node=\"0\">\u682a\u4e3b\u6295\u8cc7\u306e\u4e16\u754c\u3078\u3088\u3046\u3053\u305d\uff01<\/p>\n<p data-path-to-node=\"0\">\u682a\u5f0f\u6295\u8cc7\u3092\u59cb\u3081\u3088\u3046\u3068\u672c\u3084\u30cd\u30c3\u30c8\u3067\u8abf\u3079\u308b\u3068\u3001\u5fc5\u305a\u6700\u521d\u306b\u51fa\u4f1a\u3046\u8d85\u91cd\u8981\u30ef\u30fc\u30c9\u304c\u3042\u308a\u307e\u3059\u3002\u305d\u308c\u304c\u300cPER\uff08\u30d4\u30fc\u30a4\u30fc\u30a2\u30fc\u30eb\uff09\u300d\u3067\u3059\u3002<\/p>\n<p data-path-to-node=\"1\">\u300c\u96e3\u3057\u305d\u3046\u306a\u82f1\u8a9e\u306e\u7565\u79f0\u304c\u51fa\u3066\u304d\u305f\u306a\u2026\u300d\u3068\u8eab\u69cb\u3048\u308b\u5fc5\u8981\u306f\u3042\u308a\u307e\u305b\u3093\u3002PER\u306f\u3001\u4e00\u8a00\u3067\u8a00\u3048\u3070\u300c\u305d\u306e\u682a\u304c\u4eca\u3001\u304a\u8cb7\u3044\u5f97\u304b\uff08\u5272\u5b89\u304b\uff09\u3001\u305d\u308c\u3068\u3082\u9ad8\u3044\u304b\uff08\u5272\u9ad8\u304b\uff09\u300d\u3092\u6559\u3048\u3066\u304f\u308c\u308b\u3001\u9b54\u6cd5\u306e\u7269\u5dee\u3057\u3067\u3059\u3002<\/p>\n<p data-path-to-node=\"2\">\u3053\u306e\u8a18\u4e8b\u3067\u306f\u3001\u521d\u5fc3\u8005\u306e\u65b9\u304c\u300cPER\u3092\u5b8c\u5168\u306b\u30de\u30b9\u30bf\u30fc\u3057\u3001\u81ea\u5206\u3067\u9298\u67c4\u3092\u9078\u3079\u308b\u3088\u3046\u306b\u306a\u308b\u300d\u3053\u3068\u3092\u76ee\u6307\u3057\u3066\u3001\u3069\u3053\u3088\u308a\u3082\u5206\u304b\u308a\u3084\u3059\u304f\u3001\u4f53\u7cfb\u7684\u306b\u89e3\u8aac\u3057\u307e\u3059\u3002\u3001\u56f3\u89e3\u3084\u8eab\u8fd1\u306a\u4f8b\u3048\u3092\u305f\u304f\u3055\u3093\u4f7f\u3063\u3066\u3044\u308b\u306e\u3067\u3001\u8aad\u307f\u9032\u3081\u308b\u3046\u3061\u306b\u81ea\u7136\u3068\u682a\u5f0f\u6295\u8cc7\u306e\u30d7\u30ed\u306e\u8996\u70b9\u304c\u8eab\u306b\u3064\u304d\u307e\u3059\u3088\uff01<\/p>\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<\/div>\n<h1 data-path-to-node=\"4\">\u7b2c1\u7ae0 PER\u306e\u6b63\u4f53\u3092\u77e5\u308d\u3046\uff01\u301c\u57fa\u672c\u306e\u304d\u301c<\/h1>\n<p data-path-to-node=\"5\">\u307e\u305a\u306f\u300cPER\u3068\u306f\u4f55\u304b\u300d\u3068\u3044\u3046\u57fa\u672c\u4e2d\u306e\u57fa\u672c\u304b\u3089\u51fa\u767a\u3057\u307e\u3057\u3087\u3046\u3002<\/p>\n<h2 data-path-to-node=\"6\">1-1. PER\u306e\u6b63\u5f0f\u540d\u79f0\u3068\u65e5\u672c\u8a9e\u306e\u610f\u5473<\/h2>\n<p data-path-to-node=\"7\">PER\u306f\u3001\u82f1\u8a9e\u306e <b data-path-to-node=\"7\" data-index-in-node=\"9\">Price Earnings Ratio<\/b> \u306e\u982d\u6587\u5b57\u3092\u53d6\u3063\u305f\u3082\u306e\u3067\u3059\u3002<\/p>\n<p data-path-to-node=\"7\">\u65e5\u672c\u8a9e\u3067\u306f\u300c\u682a\u4fa1\u53ce\u76ca\u7387\uff08\u304b\u3076\u304b\u3057\u3085\u3046\u3048\u304d\u308a\u3064\uff09\u300d\u3068\u8a33\u3055\u308c\u307e\u3059\u3002<\/p>\n<ul data-path-to-node=\"8\">\n<li>\n<p data-path-to-node=\"8,0,0\"><b data-path-to-node=\"8,0,0\" data-index-in-node=\"0\">Price\uff08\u30d7\u30e9\u30a4\u30b9\uff09<\/b> \uff1d \u682a\u4fa1<\/p>\n<\/li>\n<li>\n<p data-path-to-node=\"8,1,0\"><b data-path-to-node=\"8,1,0\" data-index-in-node=\"0\">Earnings\uff08\u30a4\u30e4\u30fc\u30cb\u30f3\u30b0\u30b9\uff09<\/b> \uff1d \u4f01\u696d\u306e\u7a3c\u304e\uff08\u5229\u76ca\uff09<\/p>\n<\/li>\n<li>\n<p data-path-to-node=\"8,2,0\"><b data-path-to-node=\"8,2,0\" data-index-in-node=\"0\">Ratio\uff08\u30ec\u30b7\u30aa\uff09<\/b> \uff1d \u6bd4\u7387<\/p>\n<\/li>\n<\/ul>\n<p data-path-to-node=\"9\">\u3064\u307e\u308a\u3001\u300c\u4f01\u696d\u306e\u7a3c\u304e\u306b\u5bfe\u3057\u3066\u3001\u4eca\u306e\u682a\u4fa1\u306f\u3069\u306e\u304f\u3089\u3044\u306e\u6bd4\u7387\uff08\u4f55\u500d\uff09\u306b\u306a\u3063\u3066\u3044\u308b\u304b\uff1f\u300d\u3092\u8868\u3059\u6307\u6a19\u3067\u3059\u3002<\/p>\n<h2 data-path-to-node=\"10\">1-2. \u8d85\u30b7\u30f3\u30d7\u30eb\uff01PER\u3092\u300c\u65e5\u5e38\u306e\u8cb7\u3044\u7269\u300d\u3067\u4f8b\u3048\u308b\u3068\uff1f<\/h2>\n<p data-path-to-node=\"11\">\u6570\u5f0f\u3092\u898b\u308b\u524d\u306b\u3001\u30a4\u30e1\u30fc\u30b8\u3067\u7406\u89e3\u3057\u307e\u3057\u3087\u3046\u3002<\/p>\n<p data-path-to-node=\"11\">\u3042\u306a\u305f\u304c\u300c\u5e74\u9593100\u4e07\u5186\u306e\u5229\u76ca\uff08\u5bb6\u8cc3\u53ce\u5165\uff09\u3092\u751f\u3080\u30a2\u30d1\u30fc\u30c8\u300d\u3092\u8cb7\u3044\u53d6\u308b\u3068\u3057\u307e\u3059\u3002<\/p>\n<ul data-path-to-node=\"12\">\n<li>\n<p data-path-to-node=\"12,0,0\"><b data-path-to-node=\"12,0,0\" data-index-in-node=\"0\">\u30d1\u30bf\u30fc\u30f3A\uff1a<\/b> \u305d\u306e\u30a2\u30d1\u30fc\u30c8\u304c <b data-path-to-node=\"12,0,0\" data-index-in-node=\"15\">1,500\u4e07\u5186<\/b> \u3067\u58f2\u3089\u308c\u3066\u3044\u308b\u3002<\/p>\n<\/li>\n<li>\n<p data-path-to-node=\"12,1,0\"><b data-path-to-node=\"12,1,0\" data-index-in-node=\"0\">\u30d1\u30bf\u30fc\u30f3B\uff1a<\/b> \u305d\u306e\u30a2\u30d1\u30fc\u30c8\u304c <b data-path-to-node=\"12,1,0\" data-index-in-node=\"15\">3,000\u4e07\u5186<\/b> \u3067\u58f2\u3089\u308c\u3066\u3044\u308b\u3002<\/p>\n<\/li>\n<\/ul>\n<p data-path-to-node=\"13\">\u3069\u3061\u3089\u304c\u304a\u5f97\u3067\u3057\u3087\u3046\u304b\uff1f\u5f53\u7136\u3001\u30d1\u30bf\u30fc\u30f3A\u3067\u3059\u3088\u306d\u3002<\/p>\n<p data-path-to-node=\"13\">\u3053\u308c\u3092PER\u306e\u8003\u3048\u65b9\u306b\u5f53\u3066\u306f\u3081\u3066\u307f\u307e\u3059\u3002<\/p>\n<ul data-path-to-node=\"14\">\n<li>\n<p data-path-to-node=\"14,0,0\"><b data-path-to-node=\"14,0,0\" data-index-in-node=\"0\">\u30d1\u30bf\u30fc\u30f3A\uff1a<\/b> \u6295\u8cc7\u984d1,500\u4e07\u5186 \u00f7 \u5e74\u9593\u306e\u5132\u3051100\u4e07\u5186 \uff1d <b data-path-to-node=\"14,0,0\" data-index-in-node=\"33\">15\u5e74\u3067\u5143\u304c\u53d6\u308c\u308b\uff08PER 15\u500d\uff09<\/b><\/p>\n<\/li>\n<li>\n<p data-path-to-node=\"14,1,0\"><b data-path-to-node=\"14,1,0\" data-index-in-node=\"0\">\u30d1\u30bf\u30fc\u30f3B\uff1a<\/b> \u6295\u8cc7\u984d3,000\u4e07\u5186 \u00f7 \u5e74\u9593\u306e\u5132\u3051100\u4e07\u5186 \uff1d <b data-path-to-node=\"14,1,0\" data-index-in-node=\"33\">30\u5e74\u3067\u5143\u304c\u53d6\u308c\u308b\uff08PER 30\u500d\uff09<\/b><\/p>\n<\/li>\n<\/ul>\n<p data-path-to-node=\"15\">\u682a\u5f0f\u6295\u8cc7\u306b\u304a\u3051\u308bPER\u3082\u3001\u3053\u308c\u3068\u5168\u304f\u540c\u3058\u3067\u3059\u3002<\/p>\n<p data-path-to-node=\"15\">\u300c\u305d\u306e\u4f1a\u793e\u3092\u4e38\u3054\u3068\u8cb7\u3063\u305f\u3068\u304d\u3001\u4eca\u306e\u5229\u76ca\u306e\u30da\u30fc\u30b9\u3060\u3068\u3001\u4f55\u5e74\u3067\u5143\u304c\u53d6\u308c\u308b\u304b\uff1f\u300d\u3092\u8868\u3057\u3066\u3044\u308b\u306e\u304cPER\u306a\u306e\u3067\u3059\u3002<\/p>\n<blockquote data-path-to-node=\"16\">\n<p data-path-to-node=\"16,0\"><b data-path-to-node=\"16,0\" data-index-in-node=\"3\">\u3053\u3053\u304c\u30dd\u30a4\u30f3\u30c8\uff01<\/b><\/p>\n<ul data-path-to-node=\"16,1\">\n<li>\n<p data-path-to-node=\"16,1,0,0\"><b data-path-to-node=\"16,1,0,0\" data-index-in-node=\"0\">PER\u304c\u4f4e\u3044\uff0810\u500d\u300115\u500d\u306a\u3069\uff09<\/b> \uff1d \u5c11\u306a\u3044\u5e74\u6570\u3067\u5143\u304c\u53d6\u308c\u308b \u21d2 <b data-path-to-node=\"16,1,0,0\" data-index-in-node=\"34\">\u5272\u5b89\uff08\u304a\u8cb7\u3044\u5f97\uff09<\/b><\/p>\n<\/li>\n<li>\n<p data-path-to-node=\"16,1,1,0\"><b data-path-to-node=\"16,1,1,0\" data-index-in-node=\"0\">PER\u304c\u9ad8\u3044\uff0830\u500d\u300150\u500d\u306a\u3069\uff09<\/b> \uff1d \u5143\u3092\u53d6\u308b\u306e\u306b\u6642\u9593\u304c\u304b\u304b\u308b \u21d2 <b data-path-to-node=\"16,1,1,0\" data-index-in-node=\"35\">\u5272\u9ad8\uff08\u9ad8\u5024\u3065\u304b\u307f\u306e\u30ea\u30b9\u30af\u3042\u308a\uff09<\/b><\/p>\n<\/li>\n<\/ul>\n<\/blockquote>\n<h1 data-path-to-node=\"18\">\u7b2c2\u7ae0 PER\u306e\u8a08\u7b97\u65b9\u6cd5\u3092\u30de\u30b9\u30bf\u30fc\u3057\u3088\u3046<\/h1>\n<p data-path-to-node=\"19\">\u30a4\u30e1\u30fc\u30b8\u304c\u63b4\u3081\u305f\u3068\u3053\u308d\u3067\u3001\u5b9f\u969b\u306e\u8a08\u7b97\u65b9\u6cd5\u3092\u898b\u3066\u3044\u304d\u307e\u3057\u3087\u3046\u3002\u3053\u3053\u3060\u3051\u5c11\u3057\u7b97\u6570\u306e\u8a71\u306b\u306a\u308a\u307e\u3059\u304c\u3001\u975e\u5e38\u306b\u30b7\u30f3\u30d7\u30eb\u3067\u3059\u3002<\/p>\n<h2 data-path-to-node=\"20\">2-1. \u8a08\u7b97\u5f0f\u306f\u3053\u308c\u3060\u3051\uff01<\/h2>\n<p data-path-to-node=\"21\">PER\u306f\u4ee5\u4e0b\u306e\u6570\u5f0f\u3067\u8a08\u7b97\u3055\u308c\u307e\u3059\u3002<\/p>\n<div data-path-to-node=\"22\">\n<div class=\"math-block\" data-math=\"\\text{PER\uff08\u500d\uff09} = \\frac{\\text{\u682a\u4fa1}}{\\text{1\u682a\u5f53\u305f\u308a\u5f53\u671f\u7d14\u5229\u76ca\uff08EPS\uff09}}\"><img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2026\/06\/\u30b9\u30af\u30ea\u30fc\u30f3\u30b7\u30e7\u30c3\u30c8-2026-06-11-15.58.51-300x43.png\" alt=\"\" width=\"363\" height=\"52\" class=\"alignnone  wp-image-25558\" srcset=\"https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2026\/06\/\u30b9\u30af\u30ea\u30fc\u30f3\u30b7\u30e7\u30c3\u30c8-2026-06-11-15.58.51-300x43.png 300w, https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2026\/06\/\u30b9\u30af\u30ea\u30fc\u30f3\u30b7\u30e7\u30c3\u30c8-2026-06-11-15.58.51-768x110.png 768w, https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2026\/06\/\u30b9\u30af\u30ea\u30fc\u30f3\u30b7\u30e7\u30c3\u30c8-2026-06-11-15.58.51.png 1018w\" sizes=\"(max-width: 363px) 100vw, 363px\" \/><\/div>\n<\/div>\n<p data-path-to-node=\"23\">\u3053\u3053\u3067\u65b0\u3057\u3044\u8a00\u8449\u300cEPS\u300d\u304c\u51fa\u3066\u304d\u307e\u3057\u305f\u306d\u3002PER\u3092\u7406\u89e3\u3059\u308b\u4e0a\u3067\u3001\u3053\u306eEPS\u306f\u7d76\u5bfe\u306b\u5916\u305b\u306a\u3044\u76f8\u68d2\u3067\u3059\u3002\u8a73\u3057\u304f\u898b\u3066\u3044\u304d\u307e\u3057\u3087\u3046\u3002<\/p>\n<h2 data-path-to-node=\"24\">2-2. \u76f8\u68d2\u300cEPS\uff081\u682a\u5f53\u305f\u308a\u5f53\u671f\u7d14\u5229\u76ca\uff09\u300d\u3068\u306f\uff1f<\/h2>\n<p data-path-to-node=\"25\">EPS\u306f <b data-path-to-node=\"25\" data-index-in-node=\"5\">Earnings Per Share<\/b> \u306e\u7565\u3067\u3001\u65e5\u672c\u8a9e\u3067\u306f\u300c1\u682a\u5f53\u305f\u308a\u5f53\u671f\u7d14\u5229\u76ca\u300d\u3068\u8a00\u3044\u307e\u3059\u3002<\/p>\n<p data-path-to-node=\"25\">\u4f01\u696d\u304c1\u5e74\u9593\u3067\u7a3c\u3044\u3060\u6700\u7d42\u7684\u306a\u5229\u76ca\uff08\u7d14\u5229\u76ca\uff09\u3092\u3001\u767a\u884c\u3057\u3066\u3044\u308b\u682a\u306e\u7dcf\u6570\u3067\u5272\u3063\u305f\u3082\u306e\u3067\u3059\u3002<\/p>\n<div data-path-to-node=\"26\">\n<div class=\"math-block\" data-math=\"\\text{EPS} = \\frac{\\text{\u4f1a\u793e\u306e\u7d14\u5229\u76ca}}{\\text{\u767a\u884c\u6e08\u682a\u5f0f\u6570}}\"><img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2026\/06\/\u30b9\u30af\u30ea\u30fc\u30f3\u30b7\u30e7\u30c3\u30c8-2026-06-11-15.59.12-300x86.png\" alt=\"\" width=\"380\" height=\"109\" class=\"alignnone  wp-image-25560\" srcset=\"https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2026\/06\/\u30b9\u30af\u30ea\u30fc\u30f3\u30b7\u30e7\u30c3\u30c8-2026-06-11-15.59.12-300x86.png 300w, https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2026\/06\/\u30b9\u30af\u30ea\u30fc\u30f3\u30b7\u30e7\u30c3\u30c8-2026-06-11-15.59.12.png 532w\" sizes=\"(max-width: 380px) 100vw, 380px\" \/><\/div>\n<\/div>\n<h3 data-path-to-node=\"27\">\u30b1\u30fc\u30ad\u3067\u4f8b\u3048\u308b\u300cEPS\u300d<\/h3>\n<p data-path-to-node=\"28\">\u3042\u308b\u4f1a\u793e\u304c1\u5e74\u9593\u30671,000\u4e07\u5186\u306e\u7d14\u5229\u76ca\u3092\u4e0a\u3052\u305f\u3068\u3057\u307e\u3059\u3002<\/p>\n<ul data-path-to-node=\"29\">\n<li>\n<p data-path-to-node=\"29,0,0\">\u3053\u306e\u4f1a\u793e\u306e\u682a\u304c <b data-path-to-node=\"29,0,0\" data-index-in-node=\"8\">10\u4e07\u682a<\/b> \u767a\u884c\u3055\u308c\u3066\u3044\u308b\u5834\u5408\uff1a<\/p>\n<p data-path-to-node=\"29,0,0\">1,000\u4e07\u5186 \u00f7 10\u4e07\u682a \uff1d <b data-path-to-node=\"29,0,0\" data-index-in-node=\"41\">EPS\u306f 100\u5186<\/b>\uff081\u682a\u3042\u305f\u308a\u306e\u5206\u3051\u524d\u306f100\u5186\uff09<\/p>\n<\/li>\n<li>\n<p data-path-to-node=\"29,1,0\">\u3053\u306e\u4f1a\u793e\u306e\u682a\u304c <b data-path-to-node=\"29,1,0\" data-index-in-node=\"8\">20\u4e07\u682a<\/b> \u767a\u884c\u3055\u308c\u3066\u3044\u308b\u5834\u5408\uff1a<\/p>\n<p data-path-to-node=\"29,1,0\">1,000\u4e07\u5186 \u00f7 20\u4e07\u682a \uff1d <b data-path-to-node=\"29,1,0\" data-index-in-node=\"41\">EPS\u306f 50\u5186<\/b>\uff081\u682a\u3042\u305f\u308a\u306e\u5206\u3051\u524d\u306f50\u5186\uff09<\/p>\n<\/li>\n<\/ul>\n<p data-path-to-node=\"30\">\u4f1a\u793e\u306e\u5229\u76ca\u3068\u3044\u3046\u300c\u5927\u304d\u306a\u30b1\u30fc\u30ad\u300d\u3092\u3001\u682a\u4e3b\u307f\u3093\u306a\u3067\u4f55\u7b49\u5206\u306b\u3059\u308b\u304b\u3002\u305d\u306e\u300c1\u5207\u308c\u5206\u306e\u30b5\u30a4\u30ba\uff08\u4fa1\u5024\uff09\u300d\u304cEPS\u3067\u3059\u3002EPS\u304c\u5927\u304d\u3051\u308c\u3070\u5927\u304d\u3044\u307b\u3069\u3001\u305d\u306e\u4f01\u696d\u306e1\u682a\u3042\u305f\u308a\u306e\u7a3c\u3050\u529b\u304c\u5f37\u3044\u3068\u3044\u3046\u3053\u3068\u306b\u306a\u308a\u307e\u3059\u3002<\/p>\n<h2 data-path-to-node=\"31\">2-3. \u5b9f\u969b\u306bPER\u3092\u8a08\u7b97\u3057\u3066\u307f\u3088\u3046\u3010\u30af\u30a4\u30ba\u3011<\/h2>\n<p data-path-to-node=\"32\">\u3067\u306f\u3001\u5b9f\u969b\u306b\u4ee5\u4e0b\u306e2\u3064\u306e\u4f1a\u793e\u3001\u3069\u3061\u3089\u306ePER\u304c\u4f4e\u3044\uff08\u5272\u5b89\uff09\u304b\u8a08\u7b97\u3057\u3066\u307f\u307e\u3057\u3087\u3046\uff01<\/p>\n<table data-path-to-node=\"33\">\n<thead>\n<tr>\n<td><strong>\u4f01\u696d\u540d<\/strong><\/td>\n<td><strong>\u73fe\u5728\u306e\u682a\u4fa1<\/strong><\/td>\n<td><strong>EPS\uff081\u682a\u5f53\u305f\u308a\u306e\u5229\u76ca\uff09<\/strong><\/td>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td><span data-path-to-node=\"33,1,0,0\"><b data-path-to-node=\"33,1,0,0\" data-index-in-node=\"0\">\u30c8\u30de\u30c8\u5546\u4e8b<\/b><\/span><\/td>\n<td><span data-path-to-node=\"33,1,1,0\">1,500\u5186<\/span><\/td>\n<td><span data-path-to-node=\"33,1,2,0\">100\u5186<\/span><\/td>\n<\/tr>\n<tr>\n<td><span data-path-to-node=\"33,2,0,0\"><b data-path-to-node=\"33,2,0,0\" data-index-in-node=\"0\">\u30ec\u30e2\u30f3\u5de5\u696d<\/b><\/span><\/td>\n<td><span data-path-to-node=\"33,2,1,0\">3,000\u5186<\/span><\/td>\n<td><span data-path-to-node=\"33,2,2,0\">150\u5186<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p data-path-to-node=\"34\">\u4e00\u898b\u3059\u308b\u3068\u3001\u30c8\u30de\u30c8\u5546\u4e8b\u306e\u65b9\u304c\u682a\u4fa1\u304c\u5b89\u304f\u3066\u304a\u5f97\u306b\u898b\u3048\u307e\u3059\u304c\u3001PER\u3067\u8a08\u7b97\u3057\u3066\u307f\u308b\u3068\u3069\u3046\u3067\u3057\u3087\u3046\u304b\uff1f<\/p>\n<ul data-path-to-node=\"35\">\n<li>\n<p data-path-to-node=\"35,0,0\"><b data-path-to-node=\"35,0,0\" data-index-in-node=\"0\">\u30c8\u30de\u30c8\u5546\u4e8b\u306ePER\uff1a<\/b><\/p>\n<p data-path-to-node=\"35,0,0\">1,500\u5186\uff08\u682a\u4fa1\uff09 \u00f7 100\u5186\uff08EPS\uff09 \uff1d <b data-path-to-node=\"35,0,0\" data-index-in-node=\"36\">15\u500d<\/b><\/p>\n<\/li>\n<li>\n<p data-path-to-node=\"35,1,0\"><b data-path-to-node=\"35,1,0\" data-index-in-node=\"0\">\u30ec\u30e2\u30f3\u5de5\u696d\u306ePER\uff1a<\/b><\/p>\n<p data-path-to-node=\"35,1,0\">3,000\u5186\uff08\u682a\u4fa1\uff09 \u00f7 150\u5186\uff08EPS\uff09 \uff1d <b data-path-to-node=\"35,1,0\" data-index-in-node=\"36\">20\u500d<\/b><\/p>\n<\/li>\n<\/ul>\n<p data-path-to-node=\"36\"><b data-path-to-node=\"36\" data-index-in-node=\"0\">\u3010\u7d50\u8ad6\u3011<\/b><\/p>\n<p data-path-to-node=\"36\">\u5229\u76ca\u306b\u5bfe\u3057\u3066\u682a\u4fa1\u304c\u5272\u5b89\u306a\u306e\u306f\u3001PER\u304c\u4f4e\u3044\u300c\u30c8\u30de\u30c8\u5546\u4e8b\uff0815\u500d\uff09\u300d<b data-path-to-node=\"36\" data-index-in-node=\"38\">\u3067\u3059\uff01 \u3053\u306e\u3088\u3046\u306b\u3001\u5358\u7d14\u306a\u682a\u4fa1\u306e\u9ad8\u3055\u30fb\u5b89\u3055\u3067\u306f\u306a\u304f\u3001<\/b>\u300c\u7a3c\u3050\u529b\u306b\u5bfe\u3057\u3066\u682a\u4fa1\u304c\u5b89\u3044\u304b\u3069\u3046\u304b\u300d\u3092\u898b\u629c\u304f\u305f\u3081\u306bPER\u3092\u4f7f\u3044\u307e\u3059\u3002<\/p>\n<div class=\"xcd-attention-1 xcd-col2 xcd-ripple\">\n<div class=\"xcd-title\"><strong>\u8cc7\u7523\u904b\u7528\u3067\u5931\u6557\u3057\u305f\u304f\u306a\u3044\u65b9\u3078<\/strong><\/div>\n<div class=\"xcd-content\"><strong>\u79c1\u305f\u3061GFS\u3067\u306f\u3001\u5b66\u6821\u3067\u306f\u6559\u3048\u3066\u3082\u3089\u3048\u306a\u304b\u3063\u305f\u304a\u91d1\u306e\u3053\u3068\u304c\u308f\u304b\u308b\u7121\u6599\u30b3\u30f3\u30c6\u30f3\u30c4\u3092\u3054\u7528\u610f\u3057\u3066\u3044\u307e\u3059\u3002<\/strong><br \/>\n<strong><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\u304a\u91d1\u306e\u30d7\u30ed\u304c\u6559\u3048\u308b\u300c\u521d\u5fc3\u8005\u304c\u6bce\u6708\u53ce\u5165\u3092\u5f97\u308b\u6295\u8cc7\u306e\u59cb\u3081\u65b9\u300d<\/a><\/span><\/strong><\/div>\n<\/div>\n<h1 data-path-to-node=\"38\">\u7b2c3\u7ae0 PER\u306e\u57fa\u6e96\u5024\u306f\uff1f\u4f55\u500d\u304b\u3089\u304c\u300c\u5272\u5b89\u300d\u300c\u5272\u9ad8\u300d\uff1f<\/h1>\n<p data-path-to-node=\"39\">\u8a08\u7b97\u65b9\u6cd5\u304c\u5206\u304b\u3063\u305f\u3089\u3001\u6b21\u306b\u6c17\u306b\u306a\u308b\u306e\u306f\u300c\u3058\u3083\u3042\u3001\u5177\u4f53\u7684\u306b\u4f55\u500d\u306a\u3089\u8cb7\u3044\u306a\u306e\uff1f\u300d\u3068\u3044\u3046\u57fa\u6e96\u3067\u3059\u3088\u306d\u3002<\/p>\n<h2 data-path-to-node=\"40\">3-1. \u4e00\u822c\u7684\u306a\u76ee\u5b89\u306f\u300c15\u500d\u300d<\/h2>\n<p data-path-to-node=\"41\">\u65e5\u672c\u306e\u682a\u5f0f\u5e02\u5834\uff08\u6771\u8a3c\u30d7\u30e9\u30a4\u30e0\u306a\u3069\uff09\u5168\u4f53\u306e\u5e73\u5747PER\u306f\u3001\u6b74\u53f2\u7684\u306b\u304a\u304a\u3080\u306d <b data-path-to-node=\"41\" data-index-in-node=\"36\">14\u500d\u301c16\u500d<\/b> \u3042\u305f\u308a\u3092\u63a8\u79fb\u3059\u308b\u3053\u3068\u304c\u591a\u3044\u3067\u3059\u3002<\/p>\n<p data-path-to-node=\"41\">\u305d\u306e\u305f\u3081\u3001\u307e\u305a\u306f\u3056\u3063\u304f\u308a\u3068\u3057\u305f\u57fa\u6e96\u3068\u3057\u3066\u4ee5\u4e0b\u306e\u3088\u3046\u306b\u899a\u3048\u3066\u304a\u304d\u307e\u3057\u3087\u3046\u3002<\/p>\n<ul data-path-to-node=\"42\">\n<li>\n<p data-path-to-node=\"42,0,0\"><b data-path-to-node=\"42,0,0\" data-index-in-node=\"0\">15\u500d\u672a\u6e80\uff1a<\/b> \u3069\u3061\u3089\u304b\u3068\u3044\u3048\u3070<b data-path-to-node=\"42,0,0\" data-index-in-node=\"15\">\u5272\u5b89<\/b><\/p>\n<\/li>\n<li>\n<p data-path-to-node=\"42,1,0\"><b data-path-to-node=\"42,1,0\" data-index-in-node=\"0\">15\u500d\uff1a<\/b> \u5e73\u5747\u7684<\/p>\n<\/li>\n<li>\n<p data-path-to-node=\"42,2,0\"><b data-path-to-node=\"42,2,0\" data-index-in-node=\"0\">15\u500d\u4ee5\u4e0a\uff1a<\/b> \u3069\u3061\u3089\u304b\u3068\u3044\u3048\u3070<b data-path-to-node=\"42,2,0\" data-index-in-node=\"15\">\u5272\u9ad8<\/b><\/p>\n<\/li>\n<\/ul>\n<p data-path-to-node=\"43\">\u3057\u304b\u3057\u3001\u6295\u8cc7\u306e\u4e16\u754c\u306f\u305d\u308c\u307b\u3069\u5358\u7d14\u3067\u306f\u3042\u308a\u307e\u305b\u3093\u3002\u3053\u3053\u306b\u300cPER\u306e\u7f60\u300d\u304c\u6f5c\u3093\u3067\u3044\u307e\u3059\u3002<\/p>\n<h2 data-path-to-node=\"44\">3-2. \u696d\u754c\uff08\u30bb\u30af\u30bf\u30fc\uff09\u306b\u3088\u3063\u3066\u57fa\u6e96\u306f\u5168\u304f\u9055\u3046\uff01<\/h2>\n<p data-path-to-node=\"45\">\u5b9f\u306f\u3001PER\u306e\u300c\u666e\u901a\u300d\u306f\u3001\u696d\u754c\u306b\u3088\u3063\u3066\u9a5a\u304f\u307b\u3069\u7570\u306a\u308a\u307e\u3059\u3002<\/p>\n<p data-path-to-node=\"45\">\u306a\u305c\u306a\u3089\u3001\u300c\u4eca\u5f8c\u306e\u6210\u9577\u671f\u5f85\u5ea6\u300d\u304c\u696d\u754c\u3054\u3068\u306b\u9055\u3046\u304b\u3089\u3067\u3059\u3002<\/p>\n<table data-path-to-node=\"46\">\n<thead>\n<tr>\n<td><strong>\u696d\u754c\uff08\u30bb\u30af\u30bf\u30fc\uff09<\/strong><\/td>\n<td><strong>\u5e73\u5747PER\u306e\u50be\u5411<\/strong><\/td>\n<td><strong>\u7406\u7531<\/strong><\/td>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td><span data-path-to-node=\"46,1,0,0\"><b data-path-to-node=\"46,1,0,0\" data-index-in-node=\"0\">IT\u30fbDX\u30fbAI\u95a2\u9023<\/b><\/span><\/td>\n<td><span data-path-to-node=\"46,1,1,0\"><b data-path-to-node=\"46,1,1,0\" data-index-in-node=\"0\">\u9ad8\u3044\uff0830\u500d\u301c50\u500d\u4ee5\u4e0a\u3082\uff09<\/b><\/span><\/td>\n<td><span data-path-to-node=\"46,1,2,0\">\u4eca\u5f8c\u3001\u5229\u76ca\u304c\u4f55\u500d\u306b\u3082\u6025\u6210\u9577\u3059\u308b\u3068\u671f\u5f85\u3055\u308c\u3066\u3044\u308b\u304b\u3089\u3002<\/span><\/td>\n<\/tr>\n<tr>\n<td><span data-path-to-node=\"46,2,0,0\"><b data-path-to-node=\"46,2,0,0\" data-index-in-node=\"0\">\u9280\u884c\u30fb\u30a4\u30f3\u30d5\u30e9\u30fb\u9244\u9053<\/b><\/span><\/td>\n<td><span data-path-to-node=\"46,2,1,0\"><b data-path-to-node=\"46,2,1,0\" data-index-in-node=\"0\">\u4f4e\u3044\uff088\u500d\u301c12\u500d\u7a0b\u5ea6\uff09<\/b><\/span><\/td>\n<td><span data-path-to-node=\"46,2,2,0\">\u5b89\u5b9a\u3057\u3066\u3044\u308b\u304c\u3001\u6025\u6fc0\u306a\u6210\u9577\u306f\u898b\u8fbc\u307f\u306b\u304f\u3044\u304b\u3089\u3002<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h3 data-path-to-node=\"47\">\u9280\u884c\u3068IT\u4f01\u696d\u3092\u6bd4\u3079\u3066\u307f\u3088\u3046<\/h3>\n<ul data-path-to-node=\"48\">\n<li>\n<p data-path-to-node=\"48,0,0\"><b data-path-to-node=\"48,0,0\" data-index-in-node=\"0\">\u8001\u8217\u306e\u65e5\u672c\u9280\u884c\uff08\u4eee\uff09\uff1a<\/b> PER 10\u500d<\/p>\n<\/li>\n<li>\n<p data-path-to-node=\"48,1,0\"><b data-path-to-node=\"48,1,0\" data-index-in-node=\"0\">\u6700\u5148\u7aef\u306eAI\u958b\u767a\u4f01\u696d\uff08\u4eee\uff09\uff1a<\/b> PER 40\u500d<\/p>\n<\/li>\n<\/ul>\n<p data-path-to-node=\"49\">\u3053\u308c\u3092\u898b\u3066\u3001\u300c\u9280\u884c\u306e\u65b9\u304cPER\u304c\u4f4e\u3044\u304b\u3089\u304a\u8cb7\u3044\u5f97\u3060\uff01\u300d\u3068\u98db\u3073\u3064\u304f\u306e\u306f\u65e9\u8a08\u3067\u3059\u3002<\/p>\n<p data-path-to-node=\"49\">AI\u4f01\u696d\u306f\u3001\u4eca\u306f\u307e\u3060\u5229\u76ca\u304c\u5c0f\u3055\u304f\u3066\u3082\u30013\u5e74\u5f8c\u306b\u306f\u5229\u76ca\u304c5\u500d\u306b\u306a\u3063\u3066\u3044\u308b\u304b\u3082\u3057\u308c\u307e\u305b\u3093\u3002\u5229\u76ca\u304c5\u500d\u306b\u306a\u308c\u3070\u3001\u4eca\u306e\u682a\u4fa1\u306e\u307e\u307e\u3060\u3068\u5c06\u6765\u306ePER\u306f\u300c8\u500d\u300d\u307e\u3067\u4e0b\u304c\u308b\u3053\u3068\u306b\u306a\u308a\u307e\u3059\u3002\u6295\u8cc7\u5bb6\u306f\u305d\u308c\u3092\u5148\u8aad\u307f\u3057\u3066\u3001\u4eca\u306e\u3046\u3061\u306b\u9ad8\u3044\u682a\u4fa1\uff08\u9ad8\u3044PER\uff09\u3067\u3082\u8cb7\u3063\u3066\u3044\u308b\u306e\u3067\u3059\u3002<\/p>\n<p data-path-to-node=\"50\">\u3053\u308c\u3092\u300c\u6210\u9577\u6027\u3092\u7e54\u308a\u8fbc\u3080\u300d\u3068\u8a00\u3044\u307e\u3059\u3002<\/p>\n<h1 data-path-to-node=\"52\">\u7b2c4\u7ae0 \u306a\u305cPER\u304c\u9ad8\u304f\u306a\u3063\u305f\u308a\u4f4e\u304f\u306a\u3063\u305f\u308a\u3059\u308b\u306e\u304b\uff1f<\/h1>\n<p data-path-to-node=\"53\">PER\u306e\u672c\u8cea\u3092\u7406\u89e3\u3059\u308b\u305f\u3081\u306b\u3001\u306a\u305c\u6570\u5024\u306b\u3053\u308c\u307b\u3069\u306e\u5dee\u304c\u751f\u307e\u308c\u308b\u306e\u304b\u3001\u305d\u306e\u80cc\u666f\u306b\u3042\u308b\u6295\u8cc7\u5bb6\u306e\u5fc3\u7406\uff08\u30e1\u30ab\u30cb\u30ba\u30e0\uff09\u3092\u89e3\u304d\u660e\u304b\u3057\u307e\u3057\u3087\u3046\u3002<\/p>\n<h2 data-path-to-node=\"54\">4-1. PER\u304c\u9ad8\u304f\u306a\u308b\uff08\u5272\u9ad8\u306b\u306a\u308b\uff09\u7406\u7531<\/h2>\n<p data-path-to-node=\"55\">PER\u304c\u9ad8\u3044\u3068\u3044\u3046\u3053\u3068\u306f\u3001\u300c\u7a3c\u304e\u306e\u308f\u308a\u306b\u682a\u4fa1\u304c\u9ad8\u3044\u300d\u72b6\u614b\u3067\u3059\u3002\u3053\u308c\u306b\u306f\u4e3b\u306b2\u3064\u306e\u7406\u7531\u304c\u3042\u308a\u307e\u3059\u3002<\/p>\n<h3 data-path-to-node=\"56\">\u2460 \u5c06\u6765\u306e\u6210\u9577\u3078\u306e\u671f\u5f85\u304c\u3082\u306e\u3059\u3054\u304f\u9ad8\u3044\uff08\u30dd\u30b8\u30c6\u30a3\u30d6\u306a\u7406\u7531\uff09<\/h3>\n<p data-path-to-node=\"57\">\u5148\u307b\u3069\u306eIT\u4f01\u696d\u306e\u4f8b\u306e\u901a\u308a\u3067\u3059\u3002\u300c\u3053\u306e\u4f1a\u793e\u306f\u4e16\u754c\u3092\u5909\u3048\u308b\u304b\u3082\u3057\u308c\u306a\u3044\u300d\u300c\u6765\u5e74\u306f\u58f2\u4e0a\u304c2\u500d\u306b\u306a\u308b\u306f\u305a\u3060\u300d\u3068\u307f\u3093\u306a\u304c\u671f\u5f85\u3059\u308b\u3068\u3001\u5c11\u3005\u9ad8\u304f\u3066\u3082\u682a\u3092\u8cb7\u3044\u305f\u3044\u4eba\u304c\u6bba\u5230\u3057\u307e\u3059\u3002\u305d\u306e\u7d50\u679c\u3001\u682a\u4fa1\u3060\u3051\u304c\u5148\u306b\u8df3\u306d\u4e0a\u304c\u308a\u3001PER\u304c\u9ad8\u304f\u306a\u308a\u307e\u3059\u3002<\/p>\n<h3 data-path-to-node=\"58\">\u2461 \u4e00\u6642\u7684\u306b\u5229\u76ca\u304c\u30c9\u30ab\u30f3\u3068\u6e1b\u3063\u3066\u3057\u307e\u3063\u305f\uff08\u30cd\u30ac\u30c6\u30a3\u30d6\u306a\u7406\u7531\uff09<\/h3>\n<p data-path-to-node=\"59\">PER\u306e\u8a08\u7b97\u5f0f\u3092\u601d\u3044\u51fa\u3057\u3066\u304f\u3060\u3055\u3044\u3002<\/p>\n<p data-path-to-node=\"59\">\u300c\u682a\u4fa1 \u00f7 \u5229\u76ca\u300d\u3067\u3059\u3002<\/p>\n<p data-path-to-node=\"59\">\u682a\u4fa1\u304c\u5909\u308f\u3089\u306a\u304f\u3066\u3082\u3001<b data-path-to-node=\"59\" data-index-in-node=\"43\">\u5206\u6bcd\u3067\u3042\u308b\u300c\u5229\u76ca\uff08EPS\uff09\u300d\u304c\u707d\u5bb3\u3084\u4e0d\u6cc1\u3067\u4e00\u6642\u7684\u306b\u6fc0\u6e1b\u3059\u308b\u3068\u3001\u8a08\u7b97\u4e0a\u3001PER\u306f\u6025\u4e0a\u6607\u3057\u307e\u3059\u3002<\/b> \u3053\u308c\u306f\u300c\u4eba\u6c17\u304c\u3042\u308b\u304b\u3089\u9ad8\u3044\u300d\u306e\u3067\u306f\u306a\u304f\u300c\u696d\u7e3e\u304c\u60aa\u5316\u3057\u305f\u304b\u3089\u9ad8\u304f\u306a\u3063\u305f\u300d\u72b6\u614b\u3067\u3059\u3002<\/p>\n<h2 data-path-to-node=\"60\">4-2. PER\u304c\u4f4e\u304f\u306a\u308b\uff08\u5272\u5b89\u306b\u306a\u308b\uff09\u7406\u7531<\/h2>\n<p data-path-to-node=\"61\">\u9006\u306b\u3001PER\u304c\u4f4e\u3044\uff08\u7a3c\u304e\u306e\u308f\u308a\u306b\u682a\u4fa1\u304c\u5b89\u3044\uff09\u7406\u7531\u306b\u30822\u901a\u308a\u3042\u308a\u307e\u3059\u3002<\/p>\n<h3 data-path-to-node=\"62\">\u2460 \u5b89\u5b9a\u3057\u3066\u3044\u308b\u304c\u6210\u9577\u671f\u5f85\u304c\u4f4e\u3044\uff08\u6210\u719f\u4f01\u696d\u306e\u30b1\u30fc\u30b9\uff09<\/h3>\n<p data-path-to-node=\"63\">\u300c\u6bce\u5e74\u3057\u3063\u304b\u308a\u5229\u76ca\u3092\u51fa\u3057\u3066\u3044\u308b\u3057\u3001\u6f70\u308c\u308b\u5fc3\u914d\u3082\u306a\u3044\u3002\u3067\u3082\u3001\u3053\u3053\u304b\u3089\u58f2\u4e0a\u304c2\u500d\u306b\u306a\u308b\u3088\u3046\u306a\u672a\u6765\u306f\u60f3\u50cf\u3067\u304d\u306a\u3044\u306a\u2026\u300d\u3068\u3044\u3046\u5730\u5473\u306a\u4f01\u696d\uff08\u5730\u65b9\u9280\u884c\u3001\u96fb\u529b\u4f1a\u793e\u3001\u4f1d\u7d71\u7684\u306a\u88fd\u9020\u696d\u306a\u3069\uff09\u306f\u3001\u6295\u8cc7\u5bb6\u304b\u3089\u306e\u4eba\u6c17\u304c\u96c6\u307e\u308a\u306b\u304f\u3044\u305f\u3081\u3001\u682a\u4fa1\u304c\u4f4e\u304f\u636e\u3048\u7f6e\u304b\u308c\u3001PER\u304c\u4f4e\u304f\u306a\u308a\u307e\u3059\u3002<\/p>\n<h3 data-path-to-node=\"64\">\u2461 \u4f01\u696d\u306e\u4e0d\u7965\u4e8b\u3084\u3001\u696d\u754c\u5168\u4f53\u306e\u5148\u884c\u304d\u4e0d\u5b89\uff08\u5730\u96f7\u306e\u30b1\u30fc\u30b9\uff09<\/h3>\n<p data-path-to-node=\"65\">\u300c\u4e0d\u7965\u4e8b\u3092\u8d77\u3053\u3057\u3066\u4eca\u5f8c\u306e\u4fe1\u983c\u304c\u843d\u3061\u305d\u3046\u300d\u300c\u3053\u306e\u696d\u754c\u306f\u4eca\u5f8c\u8870\u9000\u3057\u3066\u3044\u304f\u300d\u3068\u307f\u3093\u306a\u304c\u601d\u3063\u305f\u6642\u3001\u682a\u4e3b\u306f\u4e00\u6589\u306b\u682a\u3092\u58f2\u308a\u307e\u3059\u3002\u682a\u4fa1\u304c\u66b4\u843d\u3059\u308b\u305f\u3081\u3001PER\u306f\u4e00\u6642\u7684\u306b\u300c5\u500d\u300d\u306a\u3069\u3001\u4fe1\u3058\u3089\u308c\u306a\u3044\u307b\u3069\u4f4e\u3044\u6570\u5024\u306b\u306a\u308a\u307e\u3059\u3002<\/p>\n<blockquote data-path-to-node=\"66\">\n<p data-path-to-node=\"66,0\">\u26a0\ufe0f <b data-path-to-node=\"66,0\" data-index-in-node=\"3\">\u521d\u5fc3\u8005\u304c\u6700\u3082\u6ce8\u610f\u3059\u3079\u304d\u300c\u4e07\u5e74\u5272\u5b89\u682a\uff08\u30d0\u30ea\u30e5\u30fc\u30c8\u30e9\u30c3\u30d7\uff09\u300d<\/b><\/p>\n<p data-path-to-node=\"66,0\">\u300cPER 6\u500d\uff01\u8d85\u304a\u8cb7\u3044\u5f97\u3058\u3083\u3093\uff01\u300d\u3068\u601d\u3063\u3066\u8cb7\u3063\u305f\u306e\u306b\u3001\u305d\u306e\u5f8c\u4f55\u5e74\u7d4c\u3063\u3066\u3082\u682a\u4fa1\u304c\u4e0a\u304c\u3089\u306a\u3044\u3001\u3080\u3057\u308d\u4e0b\u304c\u308a\u7d9a\u3051\u308b\u2026\u3068\u3044\u3046\u73fe\u8c61\u304c\u3042\u308a\u307e\u3059\u3002\u3053\u308c\u3092\u30d0\u30ea\u30e5\u30fc\u30c8\u30e9\u30c3\u30d7\uff08\u5b89\u7269\u306e\u7f60\uff09\u3068\u547c\u3073\u307e\u3059\u3002\u5b89\u3044\u306e\u306f\u300c\u5e02\u5834\u304b\u3089\u898b\u6368\u3066\u3089\u308c\u3066\u3044\u308b\u6b63\u5f53\u306a\u7406\u7531\u300d\u304c\u3042\u308b\u304b\u3089\u304b\u3082\u3057\u308c\u306a\u3044\u3001\u3068\u7591\u3046\u8996\u70b9\u304c\u5fc5\u8981\u3067\u3059\u3002<\/p>\n<\/blockquote>\n<h1 data-path-to-node=\"68\">\u7b2c5\u7ae0 PER\u3092\u5b9f\u6226\u3067\u4f7f\u3044\u3053\u306a\u30593\u3064\u306e\u6bd4\u8f03\u30c6\u30af\u30cb\u30c3\u30af<\/h1>\n<p data-path-to-node=\"69\">\u300cPER\u306e\u57fa\u6e96\u306f\u30d0\u30e9\u30d0\u30e9\u306a\u3089\u3001\u3069\u3046\u3084\u3063\u3066\u4f7f\u3048\u3070\u3044\u3044\u306e\uff1f\u300d<\/p>\n<p data-path-to-node=\"69\">\u305d\u306e\u7b54\u3048\u304c\u3001\u3053\u3053\u306b\u3042\u308a\u307e\u3059\u3002PER\u306f\u5358\u4f53\u3067\u898b\u308b\u306e\u3067\u306f\u306a\u304f\u3001\u300c\u4f55\u304b\u3068\u6bd4\u8f03\u3059\u308b\u300d\u3053\u3068\u3067\u521d\u3081\u3066\u5f37\u529b\u306a\u6b66\u5668\u306b\u306a\u308a\u307e\u3059\u3002\u5177\u4f53\u7684\u306a3\u3064\u306e\u6bd4\u8f03\u65b9\u6cd5\u3092\u4f1d\u6388\u3057\u307e\u3059\u3002<\/p>\n<h2 data-path-to-node=\"70\">\u30c6\u30cb\u30c3\u30af\u2460\uff1a\u540c\u696d\u4ed6\u793e\uff08\u30e9\u30a4\u30d0\u30eb\u4f01\u696d\uff09\u3068\u6bd4\u8f03\u3059\u308b<\/h2>\n<p data-path-to-node=\"71\">\u3053\u308c\u304c\u6700\u3082\u738b\u9053\u3067\u3001\u6700\u3082\u52b9\u679c\u7684\u306a\u4f7f\u3044\u65b9\u3067\u3059\u3002<\/p>\n<p data-path-to-node=\"71\">\u540c\u3058\u696d\u754c\u3067\u3042\u308c\u3070\u3001\u30d3\u30b8\u30cd\u30b9\u30e2\u30c7\u30eb\u3084\u6210\u9577\u30b9\u30d4\u30fc\u30c9\u304c\u4f3c\u3066\u3044\u308b\u305f\u3081\u3001PER\u3092\u76f4\u63a5\u6bd4\u3079\u308b\u3053\u3068\u304c\u3067\u304d\u307e\u3059\u3002<\/p>\n<h3 data-path-to-node=\"72\">\u81ea\u52d5\u8eca\u696d\u754c\u306e\u4f8b\uff08\u67b6\u7a7a\u306e\u6570\u5024\uff09<\/h3>\n<ul data-path-to-node=\"73\">\n<li>\n<p data-path-to-node=\"73,0,0\"><b data-path-to-node=\"73,0,0\" data-index-in-node=\"0\">A\u81ea\u52d5\u8eca\uff1a<\/b> PER 12\u500d<\/p>\n<\/li>\n<li>\n<p data-path-to-node=\"73,1,0\"><b data-path-to-node=\"73,1,0\" data-index-in-node=\"0\">B\u81ea\u52d5\u8eca\uff1a<\/b> PER 18\u500d<\/p>\n<\/li>\n<li>\n<p data-path-to-node=\"73,2,0\"><b data-path-to-node=\"73,2,0\" data-index-in-node=\"0\">C\u81ea\u52d5\u8eca\uff1a<\/b> PER 11\u500d<\/p>\n<\/li>\n<\/ul>\n<p data-path-to-node=\"74\">\u3053\u306e\u5834\u5408\u3001\u696d\u754c\u5e73\u5747\u306f\u304a\u304a\u3080\u306d12\u301c14\u500d\u304f\u3089\u3044\u3060\u3068\u63a8\u6e2c\u3067\u304d\u307e\u3059\u3002\u305d\u306e\u4e2d\u3067\u300cB\u81ea\u52d5\u8eca\u306e18\u500d\u306f\u3001\u4f55\u304b\u7279\u5225\u306a\u65b0\u6280\u8853\uff08EV\u306a\u3069\uff09\u304c\u671f\u5f85\u3055\u308c\u3066\u3044\u308b\u306e\u304b\u306a\uff1f\u300d\u300cC\u81ea\u52d5\u8eca\u306e11\u500d\u306f\u3001\u30e9\u30a4\u30d0\u30eb\u306b\u6bd4\u3079\u3066\u51fa\u9045\u308c\u3066\u3044\u3066\u304a\u8cb7\u3044\u5f97\u304b\u3082\u3057\u308c\u306a\u3044\u306a\u300d\u3068\u3044\u3046\u4eee\u8aac\u304c\u7acb\u3066\u3089\u308c\u307e\u3059\u3002<\/p>\n<h2 data-path-to-node=\"75\">\u30c6\u30af\u30cb\u30c3\u30af\u2461\uff1a\u305d\u306e\u4f01\u696d\u306e\u300c\u904e\u53bb\u306ePER\u300d\u3068\u6bd4\u8f03\u3059\u308b<\/h2>\n<p data-path-to-node=\"76\">\u4f01\u696d\u306e\u300c\u904e\u53bb\u306e\u81ea\u5206\u300d\u3068\u6bd4\u3079\u308b\u65b9\u6cd5\u3067\u3059\u3002<\/p>\n<p data-path-to-node=\"76\">\u682a\u4fa1\u30c1\u30e3\u30fc\u30c8\u30a2\u30d7\u30ea\u306a\u3069\u3092\u898b\u308b\u3068\u3001\u305d\u306e\u9298\u67c4\u306e\u300c\u904e\u53bb\u5e73\u5747PER\u300d\u3092\u78ba\u8a8d\u3067\u304d\u308b\u3053\u3068\u304c\u3042\u308a\u307e\u3059\u3002<\/p>\n<ul data-path-to-node=\"77\">\n<li>\n<p data-path-to-node=\"77,0,0\"><b data-path-to-node=\"77,0,0\" data-index-in-node=\"0\">\u3042\u308b\u4eba\u6c17\u98df\u54c1\u30e1\u30fc\u30ab\u30fc\u306e\u73fe\u5728\u306ePER\uff1a<\/b> 20\u500d<\/p>\n<\/li>\n<li>\n<p data-path-to-node=\"77,1,0\"><b data-path-to-node=\"77,1,0\" data-index-in-node=\"0\">\u305d\u306e\u4f01\u696d\u306e\u904e\u53bb5\u5e74\u9593\u306e\u5e73\u5747PER\uff1a<\/b> 28\u500d<\/p>\n<\/li>\n<\/ul>\n<p data-path-to-node=\"78\">\u3053\u306e\u4f01\u696d\u306f\u3001\u3044\u3064\u3082\u6295\u8cc7\u5bb6\u304b\u3089\u4eba\u6c17\u304c\u3042\u3063\u3066\u300c\u5e73\u574728\u500d\u300d\u3068\u3044\u3046\u9ad8\u3044PER\u3067\u53d6\u5f15\u3055\u308c\u3066\u3044\u307e\u3057\u305f\u3002\u3057\u304b\u3057\u3001\u4eca\u306f\u4f55\u3089\u304b\u306e\u7406\u7531\uff08\u4e00\u6642\u7684\u306a\u5927\u8c46\u4fa1\u683c\u306e\u9ad8\u9a30\u306a\u3069\uff09\u3067\u682a\u4fa1\u304c\u4e0b\u304c\u308a\u3001PER\u304c\u300c20\u500d\u300d\u306b\u306a\u3063\u3066\u3044\u307e\u3059\u3002<\/p>\n<p data-path-to-node=\"78\">\u904e\u53bb\u306e\u81ea\u5206\u3068\u6bd4\u3079\u308b\u3068\u300c\u4eca\u306e\u4e0a\u9650\u306f\u3001\u3053\u306e\u4f01\u696d\u3068\u3057\u3066\u306f\u6b74\u53f2\u7684\u306b\u304b\u306a\u308a\u5272\u5b89\u306a\u6c34\u6e96\u307e\u3067\u58f2\u3089\u308c\u3066\u3044\u308b\uff08\u8cb7\u3044\u306e\u30c1\u30e3\u30f3\u30b9\u304b\u3082\uff09\u300d\u3068\u5224\u65ad\u3067\u304d\u307e\u3059\u3002<\/p>\n<h2 data-path-to-node=\"79\">\u30c6\u30af\u30cb\u30c3\u30af\u2462\uff1a\u5e02\u5834\u5168\u4f53\u306e\u5e73\u5747\u3068\u6bd4\u8f03\u3059\u308b<\/h2>\n<p data-path-to-node=\"80\">\u73fe\u5728\u306e\u300c\u65e5\u7d4c\u5e73\u5747\u682a\u4fa1\u300d\u3084\u300c\u6771\u8a3c\u30d7\u30e9\u30a4\u30e0\u5e02\u5834\u300d\u5168\u4f53\u306e\u5e73\u5747PER\uff08\u7d0415\u500d\uff09\u3068\u6bd4\u8f03\u3057\u307e\u3059\u3002<\/p>\n<p data-path-to-node=\"80\">\u5e02\u5834\u5168\u4f53\u304c\u30d0\u30d6\u30eb\u6c17\u5473\u3067\u5e73\u5747PER\u304c19\u500d\u307e\u3067\u81a8\u308c\u4e0a\u304c\u3063\u3066\u3044\u308b\u6642\u306f\u3001\u300c\u4eca\u306f\u5168\u4f53\u7684\u306b\u5272\u9ad8\u3060\u304b\u3089\u3001\u5c11\u3057\u8cb7\u3044\u3092\u63a7\u3048\u3088\u3046\u300d\u3068\u3044\u3063\u305f\u3001\u76f8\u5834\u5168\u4f53\u306e\u6e29\u5ea6\u611f\u3092\u6e2c\u308b\u7f85\u91dd\u76e4\u306b\u306a\u308a\u307e\u3059\u3002<\/p>\n<div class=\"xcd-attention-6 xcd-col5 xcd-ripple\">\n<div class=\"xcd-title-wrap\">\n<div class=\"xcd-title\"><span>\u3042\u306a\u305f\u306b\u672c\u5f53\u306b\u9069\u3057\u305f\u6295\u8cc7\u306f\u3069\u308c\uff1f<\/span><\/div>\n<\/div>\n<div class=\"xcd-content\">\n<p><span style=\"font-size: 12pt;\"><strong>\u30fb\u6295\u8cc7\u3067\u53ce\u5165\u3092\u5f97\u305f\u3044\u3001\u8cc7\u7523\u3092\u5897\u3084\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\u7269\u4fa1\u4e0a\u6607\u3078\u306e\u5bfe\u7b56\u306b\u306f\u6295\u8cc7\u304c\u5fc5\u8981\u3068\u8003\u3048\u3066\u3044\u308b\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<h1 data-path-to-node=\"82\">\u7b2c6\u7ae0 \u4f3c\u3066\u3044\u308b\u6307\u6a19\u300cPBR\u300d\u3068\u306e\u9055\u3044\u3092\u5b8c\u5168\u7406\u89e3<\/h1>\n<p data-path-to-node=\"83\">\u682a\u5f0f\u6295\u8cc7\u3092\u5b66\u3076\u3068\u3001PER\u3068\u30bb\u30c3\u30c8\u3067\u5fc5\u305a\u300cPBR\uff08\u30d4\u30fc\u30d3\u30fc\u30a2\u30fc\u30eb\uff09\u300d\u3068\u3044\u3046\u8a00\u8449\u304c\u51fa\u3066\u304d\u307e\u3059\u3002\u540d\u524d\u304c\u4f3c\u3066\u3044\u308b\u305f\u3081\u3001\u591a\u304f\u306e\u521d\u5fc3\u8005\u304c\u3053\u3053\u3067\u5927\u6df7\u4e71\u3057\u307e\u3059\u3002<\/p>\n<p data-path-to-node=\"83\">\u3053\u3053\u30672\u3064\u306e\u9055\u3044\u3092\u5b8c\u74a7\u306b\u6574\u7406\u3057\u3066\u304a\u304d\u307e\u3057\u3087\u3046\u3002\u4e00\u767a\u3067\u899a\u3048\u3089\u308c\u308b\u4f8b\u3048\u3092\u7528\u610f\u3057\u307e\u3057\u305f\u3002<\/p>\n<h2 data-path-to-node=\"84\">6-1. PBR\u3068\u306f\uff1f<\/h2>\n<p data-path-to-node=\"85\">PBR\uff08Price Book-value Ratio\uff09\u306f\u3001\u65e5\u672c\u8a9e\u3067\u300c\u682a\u4fa1\u7d14\u8cc7\u7523\u500d\u7387\uff08\u304b\u3076\u304b\u3057\u3085\u3093\u3057\u3055\u3093\u3070\u3044\u308a\u3064\uff09\u300d<b data-path-to-node=\"85\" data-index-in-node=\"57\">\u3068\u8a00\u3044\u307e\u3059\u3002 \u4f01\u696d\u306e<\/b>\u300c\u7d14\u8cc7\u7523\uff08\u6301\u3063\u3066\u3044\u308b\u8ca1\u7523\uff09\u300d\u306b\u5bfe\u3057\u3066\u3001\u4eca\u306e\u682a\u4fa1\u304c\u4f55\u500d\u304b\u3092\u8868\u3059\u6307\u6a19\u3067\u3059\u3002<\/p>\n<h2 data-path-to-node=\"86\">6-2. \u6c7a\u5b9a\u7684\u306a\u9055\u3044\u306f\u300c\u30d5\u30ed\u30fc\uff08\u7a3c\u304e\uff09\u300d\u304b\u300c\u30b9\u30c8\u30c3\u30af\uff08\u8ca1\u7523\uff09\u300d\u304b<\/h2>\n<p data-path-to-node=\"87\">\u5206\u304b\u308a\u3084\u3059\u304f\u3001\u30d7\u30ed\u91ce\u7403\u9078\u624b\uff08\u307e\u305f\u306f\u793e\u4f1a\u4eba\uff09\u306b\u4f8b\u3048\u3066\u307f\u307e\u3057\u3087\u3046\u3002<\/p>\n<ul data-path-to-node=\"88\">\n<li>\n<p data-path-to-node=\"88,0,0\"><b data-path-to-node=\"88,0,0\" data-index-in-node=\"0\">PER\u306f\u300c\u4eca\u5e74\u306e\u5e74\u4ff8\uff08\u7a3c\u304e\uff09\u300d\u306b\u5bfe\u3059\u308b\u8a55\u4fa1<\/b><\/p>\n<p data-path-to-node=\"88,0,0\">\u300c\u3042\u306e\u9078\u624b\u306f\u4eca\u5e741\u5104\u5186\u7a3c\u3050\u306e\u306b\u3001\u73fe\u5728\u306e\u5951\u7d04\u91d1\uff08\u682a\u4fa1\uff09\u306f15\u5104\u5186\u304b\u3002\u3058\u3083\u3042PER\u306f15\u500d\u3060\u306a\u300d<\/p>\n<p data-path-to-node=\"88,0,0\">\u21d2 <b data-path-to-node=\"88,0,0\" data-index-in-node=\"71\">\u4eca\u3069\u308c\u3060\u3051\u7a3c\u3044\u3067\u3044\u308b\u304b\uff08\u30d5\u30ed\u30fc\uff09\u3092\u91cd\u8996<\/b><\/p>\n<\/li>\n<li>\n<p data-path-to-node=\"88,1,0\"><b data-path-to-node=\"88,1,0\" data-index-in-node=\"0\">PBR\u306f\u300c\u6301\u3063\u3066\u3044\u308b\u8caf\u91d1\u984d\uff08\u8ca1\u7523\uff09\u300d\u306b\u5bfe\u3059\u308b\u8a55\u4fa1<\/b><\/p>\n<p data-path-to-node=\"88,1,0\">\u300c\u3042\u306e\u9078\u624b\u306f\u3001\u3053\u308c\u307e\u3067\u306b\u8caf\u3081\u305f\u8caf\u91d1\u3084\u5bb6\uff08\u8cc7\u7523\uff09\u304c10\u5104\u5186\u5206\u3042\u308b\u3002\u73fe\u5728\u306e\u5951\u7d04\u91d1\uff08\u682a\u4fa1\uff09\u306f10\u5104\u5186\u3060\u304b\u3089\u3001PBR\u306f1\u500d\u3060\u306a\u300d<\/p>\n<p data-path-to-node=\"88,1,0\">\u21d2 <b data-path-to-node=\"88,1,0\" data-index-in-node=\"88\">\u3053\u308c\u307e\u3067\u306b\u84c4\u7a4d\u3057\u305f\u8ca1\u7523\uff08\u30b9\u30c8\u30c3\u30af\uff09\u3092\u91cd\u8996<\/b><\/p>\n<\/li>\n<\/ul>\n<table data-path-to-node=\"89\">\n<thead>\n<tr>\n<td><strong>\u6307\u6a19<\/strong><\/td>\n<td><strong>\u82f1\u8a9e<\/strong><\/td>\n<td><strong>\u6bd4\u8f03\u3057\u3066\u3044\u308b\u3082\u306e<\/strong><\/td>\n<td><strong>\u4f55\u304c\u308f\u304b\u308b\u304b<\/strong><\/td>\n<td><strong>\u57fa\u6e96\u5024<\/strong><\/td>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td><span data-path-to-node=\"89,1,0,0\"><b data-path-to-node=\"89,1,0,0\" data-index-in-node=\"0\">PER<\/b><\/span><\/td>\n<td><span data-path-to-node=\"89,1,1,0\">Price <b data-path-to-node=\"89,1,1,0\" data-index-in-node=\"6\">Earnings<\/b> Ratio<\/span><\/td>\n<td><span data-path-to-node=\"89,1,2,0\">\u682a\u4fa1 \u3068 <b data-path-to-node=\"89,1,2,0\" data-index-in-node=\"5\">\u5229\u76ca\uff08\u7a3c\u304e\uff09<\/b><\/span><\/td>\n<td><span data-path-to-node=\"89,1,3,0\">\u4f1a\u793e\u306e<b data-path-to-node=\"89,1,3,0\" data-index-in-node=\"3\">\u53ce\u76ca\u529b<\/b>\u306b\u5bfe\u3057\u3066\u5272\u5b89\u304b<\/span><\/td>\n<td><span data-path-to-node=\"89,1,4,0\"><b data-path-to-node=\"89,1,4,0\" data-index-in-node=\"0\">15\u500d<\/b><\/span><\/td>\n<\/tr>\n<tr>\n<td><span data-path-to-node=\"89,2,0,0\"><b data-path-to-node=\"89,2,0,0\" data-index-in-node=\"0\">PBR<\/b><\/span><\/td>\n<td><span data-path-to-node=\"89,2,1,0\">Price <b data-path-to-node=\"89,2,1,0\" data-index-in-node=\"6\">Book-value<\/b> Ratio<\/span><\/td>\n<td><span data-path-to-node=\"89,2,2,0\">\u682a\u4fa1 \u3068 <b data-path-to-node=\"89,2,2,0\" data-index-in-node=\"5\">\u7d14\u8cc7\u7523\uff08\u8ca1\u7523\uff09<\/b><\/span><\/td>\n<td><span data-path-to-node=\"89,2,3,0\">\u4f1a\u793e\u306e\u8ca1\u7523\uff08\u5b89\u5168\u6027\uff09\u306b\u5bfe\u3057\u3066\u5272\u5b89\u304b<\/span><\/td>\n<td><span data-path-to-node=\"89,2,4,0\"><b data-path-to-node=\"89,2,4,0\" data-index-in-node=\"0\">1\u500d<\/b><\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<blockquote data-path-to-node=\"90\">\n<p data-path-to-node=\"90,0\"><b data-path-to-node=\"90,0\" data-index-in-node=\"3\">PBR 1\u500d\u306e\u6301\u3064\u610f\u5473<\/b><\/p>\n<p data-path-to-node=\"90,0\">PBR\u304c\u300c1\u500d\u300d\u3068\u3044\u3046\u3053\u3068\u306f\u3001\u682a\u4fa1\u306e\u7dcf\u984d\uff08\u6642\u4fa1\u7dcf\u984d\uff09\u3068\u3001\u4f1a\u793e\u304c\u6301\u3064\u7d14\u8ca1\u7523\u304c\u3074\u3063\u305f\u308a\u540c\u3058\u3068\u3044\u3046\u3053\u3068\u3067\u3059\u3002\u3064\u307e\u308a\u3001\u4eca\u3059\u3050\u305d\u306e\u4f1a\u793e\u3092\u89e3\u6563\u3057\u3066\u8ca1\u7523\u3092\u307f\u3093\u306a\u3067\u5206\u3051\u5408\u3063\u3066\u3082\u3001\u6295\u8cc7\u3057\u305f\u304a\u91d1\u304c\u305d\u306e\u307e\u307e\u623b\u3063\u3066\u304f\u308b\u72b6\u614b\uff08\u7406\u8ad6\u4e0a\u3001\u6700\u3082\u5b89\u5168\u306a\u30e9\u30a4\u30f3\uff09\u3092\u610f\u5473\u3057\u307e\u3059\u3002<\/p>\n<\/blockquote>\n<h1 data-path-to-node=\"92\">\u7b2c7\u7ae0 PER\u306e\u9032\u5316\u7cfb\uff1a\u300c\u4e88\u60f3PER\u300d\u3068\u300c\u5b9f\u7e3ePER\u300d<\/h1>\n<p data-path-to-node=\"93\">\u56db\u5b63\u5831\u3084\u30cd\u30c3\u30c8\u8a3c\u5238\u306e\u753b\u9762\u3092\u898b\u308b\u3068\u3001PER\u306e\u6b04\u306b\u300c\u4e88\u60f3\u300d\u3084\u300c\u9023\u300d\u3068\u3044\u3063\u305f\u6587\u5b57\u304c\u66f8\u3044\u3066\u3042\u308b\u3053\u3068\u306b\u6c17\u3065\u304f\u3067\u3057\u3087\u3046\u3002\u5b9f\u306fPER\u306b\u306f2\u7a2e\u985e\u3042\u308a\u307e\u3059\u3002\u7d50\u8ad6\u304b\u3089\u8a00\u3046\u3068\u3001\u6295\u8cc7\u3067\u4f7f\u3046\u306e\u306f9\u5272\u65b9\u300c\u4e88\u60f3PER\u300d\u3067\u3059\u3002<\/p>\n<h2 data-path-to-node=\"94\">7-1. \u5b9f\u7e3ePER\uff08\u524d\u671f\u306e\u6570\u5b57\u3092\u4f7f\u3063\u305f\u3082\u306e\uff09<\/h2>\n<p data-path-to-node=\"95\">\u3059\u3067\u306b\u7d42\u308f\u3063\u305f\u524d\u6c7a\u7b97\u306e\u5229\u76ca\u3092\u3082\u3068\u306b\u8a08\u7b97\u3057\u305fPER\u3067\u3059\u3002<\/p>\n<p data-path-to-node=\"95\">\u78ba\u5b9a\u3057\u305f\u6570\u5b57\u306a\u306e\u3067\u5618\u507d\u308a\u306f\u3042\u308a\u307e\u305b\u3093\u304c\u3001\u6295\u8cc7\u5bb6\u306b\u3068\u3063\u3066\u306f\u300c\u904e\u53bb\u30c7\u30fc\u30bf\u300d\u306b\u904e\u304e\u307e\u305b\u3093\u3002<\/p>\n<h2 data-path-to-node=\"96\">7-2. \u4e88\u60f3PER\uff08\u4eca\u671f\u306e\u4f1a\u793e\u4e88\u60f3\u3092\u4f7f\u3063\u305f\u3082\u306e\uff09<\/h2>\n<p data-path-to-node=\"97\">\u4f1a\u793e\u304c\u300c\u4eca\u30b7\u30fc\u30ba\u30f3\u306f\u3053\u308c\u304f\u3089\u3044\u306e\u5229\u76ca\u3092\u51fa\u305b\u305d\u3046\u3067\u3059\u300d\u3068\u767a\u8868\u3057\u3066\u3044\u308b\u3001\u9032\u884c\u4e2d\u306e\u671f\u306e\u672a\u6765\u306e\u4e88\u6e2c\u5229\u76ca\uff08\u4f1a\u793e\u4e88\u60f3EPS\uff09\u3092\u3082\u3068\u306b\u8a08\u7b97\u3057\u305fPER\u3067\u3059\u3002<\/p>\n<p data-path-to-node=\"98\">\u682a\u4fa1\u3068\u3044\u3046\u3082\u306e\u306f\u3001\u5e38\u306b\u300c\u672a\u6765\u300d\u3092\u5148\u53d6\u308a\u3057\u3066\u52d5\u304d\u307e\u3059\u3002\u904e\u53bb\u306b\u3069\u308c\u3060\u3051\u7a3c\u3044\u3060\u304b\u3088\u308a\u3082\u3001\u300c\u3053\u308c\u304b\u3089\u3069\u308c\u3060\u3051\u7a3c\u3050\u304b\u300d<b data-path-to-node=\"98\" data-index-in-node=\"54\">\u306e\u65b9\u304c\u9065\u304b\u306b\u91cd\u8981\u3067\u3059\u3002\u3067\u3059\u304b\u3089\u3001\u79c1\u305f\u3061\u304c\u666e\u6bb5\u300cPER15\u500d\u300d\u306a\u3069\u3068\u8a00\u3063\u3066\u3044\u308b\u6642\u306f\u3001\u307b\u307c\u81ea\u52d5\u7684\u306b<\/b>\u300c\u4eca\u671f\u306e\u4e88\u60f3PER\u300d\u306e\u3053\u3068\u3092\u6307\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n<h1 data-path-to-node=\"100\">\u7b2c8\u7ae0 \u77e5\u3063\u3066\u304a\u304f\u3079\u304dPER\u306e\u9650\u754c\u3068\u30c7\u30e1\u30ea\u30c3\u30c8\uff08\u76f2\u4fe1\u306f\u7981\u7269\uff01\uff09<\/h1>\n<p data-path-to-node=\"101\">PER\u306f\u975e\u5e38\u306b\u4fbf\u5229\u306a\u6307\u6a19\u3067\u3059\u304c\u3001\u5b8c\u74a7\u3067\u306f\u3042\u308a\u307e\u305b\u3093\u3002\u4e07\u80fd\u306e\u795e\u69d8\u3060\u3068\u601d\u3063\u3066\u4fe1\u3058\u8fbc\u3093\u3067\u3044\u308b\u3068\u3001\u624b\u75db\u3044\u3057\u3063\u307a\u8fd4\u3057\u3092\u98df\u3089\u3044\u307e\u3059\u3002PER\u304c\u4f7f\u3048\u306a\u3044\u30b1\u30fc\u30b9\u3084\u5f31\u70b9\u3092\u77e5\u3063\u3066\u304a\u304d\u307e\u3057\u3087\u3046\u3002<\/p>\n<h2 data-path-to-node=\"102\">\u5f31\u70b9\u2460\uff1a\u8d64\u5b57\u306e\u4f01\u696d\u306b\u306f\u4f7f\u3048\u306a\u3044\uff08\u8a08\u7b97\u3067\u304d\u306a\u3044\uff09<\/h2>\n<p data-path-to-node=\"103\">PER\u306e\u5206\u6bcd\u306f\u300c\u5229\u76ca\uff08EPS\uff09\u300d\u3067\u3059\u3002<\/p>\n<p data-path-to-node=\"103\">\u4f01\u696d\u304c\u8d64\u5b57\uff08\u7d14\u5229\u76ca\u304c\u30de\u30a4\u30ca\u30b9\uff09\u306e\u5834\u5408\u3001\u8a08\u7b97\u3059\u308b\u3068PER\u3082\u30de\u30a4\u30ca\u30b9\u306b\u306a\u3063\u3066\u3057\u307e\u3046\u305f\u3081\u3001\u300c\u6e2c\u5b9a\u4e0d\u80fd\uff08\u8868\u793a\u306a\u3057\u3001\u307e\u305f\u306f\u30cf\u30a4\u30d5\u30f3 &#8211; \uff09\u300d\u306b\u306a\u308a\u307e\u3059\u3002<\/p>\n<p data-path-to-node=\"103\">\u5275\u696d\u9593\u3082\u306a\u3044\u30b9\u30bf\u30fc\u30c8\u30a2\u30c3\u30d7\u4f01\u696d\u3084\u3001\u4e00\u6642\u7684\u306a\u5927\u6253\u6483\u3092\u53d7\u3051\u305f\u4f01\u696d\u3092\u8a55\u4fa1\u3059\u308b\u969b\u3001PER\u306f\u5168\u304f\u5f79\u306b\u7acb\u3061\u307e\u305b\u3093\u3002<\/p>\n<h2 data-path-to-node=\"104\">\u5f31\u70b9\u2461\uff1a\u5229\u76ca\u306f\u300c\u304a\u5316\u7ca7\uff08\u64cd\u4f5c\uff09\u300d\u3067\u304d\u3066\u3057\u307e\u3046<\/h2>\n<p data-path-to-node=\"105\">\u4f01\u696d\u306e\u300c\u8cc7\u7523\uff08PBR\u306e\u5bfe\u8c61\uff09\u300d\u306b\u6bd4\u3079\u3066\u3001\u300c\u5229\u76ca\uff08PER\u306e\u5bfe\u8c61\uff09\u300d\u306f1\u5e74\u3054\u3068\u306e\u30a4\u30d9\u30f3\u30c8\u3067\u6fc0\u3057\u304f\u5909\u52d5\u3057\u307e\u3059\u3002<\/p>\n<p data-path-to-node=\"105\">\u4f8b\u3048\u3070\u3001\u672c\u793e\u30d3\u30eb\u3092\u58f2\u5374\u3057\u3066\u4e00\u6642\u7684\u306b\u5927\u91d1\u304c\u5165\u3063\u3066\u304d\u305f\u5834\u5408\uff08\u7279\u5225\u5229\u76ca\uff09\u3001\u305d\u306e\u5e74\u306e\u5229\u76ca\u306f\u8df3\u306d\u4e0a\u304c\u308a\u307e\u3059\u3002\u3059\u308b\u3068\u3001<b data-path-to-node=\"105\" data-index-in-node=\"106\">\u672c\u696d\u306f\u30dc\u30ed\u30dc\u30ed\u306a\u306e\u306b\u3001\u8a08\u7b97\u4e0a\u3060\u3051PER\u304c1\u301c2\u500d\u3068\u3044\u3046\u8d85\u5272\u5b89\u306b\u898b\u3048\u3066\u3057\u307e\u3046\u30de\u30b8\u30c3\u30af<\/b>\u304c\u8d77\u304d\u307e\u3059\u3002<\/p>\n<p data-path-to-node=\"105\">PER\u3092\u898b\u308b\u6642\u306f\u3001\u300c\u3053\u306e\u5229\u76ca\u306f\u672c\u696d\u3067\u7a3c\u3044\u3060\u3082\u306e\u304b\uff1f\u300d\u3092\u78ba\u8a8d\u3059\u308b\u5fc5\u8981\u304c\u3042\u308a\u307e\u3059\u3002<\/p>\n<h2 data-path-to-node=\"106\">\u5f31\u70b9\u2462\uff1a\u666f\u6c17\u654f\u611f\u682a\uff08\u30b5\u30a4\u30af\u30eb\u682a\uff09\u3067\u306f\u9006\u306e\u73fe\u8c61\u304c\u8d77\u304d\u308b<\/h2>\n<p data-path-to-node=\"107\">\u9244\u92fc\u3001\u6d77\u904b\u3001\u5316\u5b66\u3001\u534a\u5c0e\u4f53\u306a\u3069\u306e\u300c\u666f\u6c17\u306e\u6ce2\u3092\u6fc0\u3057\u304f\u53d7\u3051\u308b\u696d\u754c\uff08\u666f\u6c17\u654f\u611f\u682a\uff09\u300d\u3067\u306f\u3001PER\u306e\u5e38\u8b58\u304c\u771f\u9006\u306b\u306a\u308b\u3053\u3068\u304c\u3042\u308a\u307e\u3059\u3002<\/p>\n<ul data-path-to-node=\"108\">\n<li>\n<p data-path-to-node=\"108,0,0\"><b data-path-to-node=\"108,0,0\" data-index-in-node=\"0\">\u666f\u6c17\u304c\u6700\u9ad8\u6f6e\u306e\u6642\uff08\u696d\u7e3e\u30d4\u30fc\u30af\uff09\uff1a<\/b> \u5229\u76ca\u304c\u83ab\u5927\u306b\u306a\u308b\u305f\u3081\u3001<b data-path-to-node=\"108,0,0\" data-index-in-node=\"28\">PER\u306f\u300c3\u500d\u300d\u306a\u3069\u6975\u7aef\u306b\u4f4e\u304f\uff08\u5272\u5b89\u306b\uff09\u898b\u3048\u307e\u3059\u3002<\/b> \u3057\u304b\u3057\u3001\u3053\u3053\u304c\u682a\u4fa1\u306e\u5929\u4e95\u3067\u3042\u308b\u3053\u3068\u304c\u591a\u304f\u3001\u305d\u306e\u5f8c\u66b4\u843d\u3057\u307e\u3059\u3002<\/p>\n<\/li>\n<li>\n<p data-path-to-node=\"108,1,0\"><b data-path-to-node=\"108,1,0\" data-index-in-node=\"0\">\u666f\u6c17\u304c\u6700\u60aa\u306e\u6642\uff08\u696d\u7e3e\u30dc\u30c8\u30e0\uff09\uff1a<\/b> \u5229\u76ca\u304c\u307b\u3068\u3093\u3069\u51fa\u306a\u3044\u305f\u3081\u3001<b data-path-to-node=\"108,1,0\" data-index-in-node=\"29\">PER\u306f\u300c50\u500d\u300d\u306a\u3069\u6975\u7aef\u306b\u9ad8\u304f\uff08\u5272\u9ad8\u306b\uff09\u898b\u3048\u307e\u3059\u3002<\/b> \u3057\u304b\u3057\u3001\u3053\u3053\u304c\u682a\u4fa1\u306e\u5e95\uff08\u5927\u30d0\u30fc\u30b2\u30f3\u30bb\u30fc\u30eb\uff09\u3067\u3042\u308b\u3053\u3068\u304c\u591a\u3044\u3067\u3059\u3002<\/p>\n<\/li>\n<\/ul>\n<p data-path-to-node=\"109\">\u3053\u306e\u3088\u3046\u306b\u3001\u696d\u754c\u306b\u3088\u3063\u3066\u306f\u300c\u9ad8PER\u304c\u8cb7\u3044\u3001\u4f4ePER\u304c\u58f2\u308a\u300d\u3068\u3044\u3046\u30d1\u30e9\u30c9\u30c3\u30af\u30b9\u304c\u8d77\u304d\u308b\u3053\u3068\u3092\u982d\u306e\u7247\u9685\u306b\u7f6e\u3044\u3066\u304a\u304d\u307e\u3057\u3087\u3046\u3002<\/p>\n<h1 data-path-to-node=\"111\">\u7b2c9\u7ae0 PER\u3092\u4f7f\u3063\u305f\u5b9f\u8df5\u7684\u306a\u9298\u67c4\u9078\u3073\u30b9\u30c6\u30c3\u30d7<\/h1>\n<p data-path-to-node=\"112\">\u3053\u3053\u307e\u3067\u5b66\u3093\u3060\u3042\u306a\u305f\u306a\u3089\u3001\u3082\u3046\u81ea\u5206\u3067\u5272\u5b89\u306a\u512a\u826f\u682a\u3092\u63a2\u3059\u6e96\u5099\u304c\u3067\u304d\u3066\u3044\u307e\u3059\u3002\u5177\u4f53\u7684\u306a\u30b9\u30c6\u30c3\u30d7\u306b\u6cbf\u3063\u3066\u3001\u5b9f\u969b\u306e\u6295\u8cc7\u30a2\u30af\u30b7\u30e7\u30f3\u3092\u8d77\u3053\u3057\u3066\u307f\u307e\u3057\u3087\u3046\u3002<\/p>\n<p><response-element class=\"\" ng-version=\"0.0.0-PLACEHOLDER\"><code-block _nghost-ng-c877507991=\"\" class=\"ng-tns-c877507991-578 enable-luminous-code-block ng-star-inserted\"><\/code-block><\/response-element><\/p>\n<div _ngcontent-ng-c877507991=\"\" class=\"code-block ng-tns-c877507991-578 ng-animate-disabled ng-trigger ng-trigger-codeBlockRevealAnimation\" jslog=\"223238;track:impression,attention;BardVeMetadataKey:[[&quot;r_b59e35c82ada2ac8&quot;,&quot;c_d41219a85706cc05&quot;,null,&quot;rc_6ff0bf3af5a9b0d4&quot;,null,null,&quot;ja&quot;,null,1,null,null,1,0]]\">\n<div _ngcontent-ng-c877507991=\"\" class=\"formatted-code-block-internal-container ng-tns-c877507991-578\">\n<div _ngcontent-ng-c877507991=\"\" class=\"animated-opacity ng-tns-c877507991-578\">\n<pre _ngcontent-ng-c877507991=\"\" class=\"ng-tns-c877507991-578\"><code _ngcontent-ng-c877507991=\"\" role=\"text\" data-test-id=\"code-content\" class=\"code-container formatted ng-tns-c877507991-578 no-decoration-radius\">\u3010\u30b9\u30c6\u30c3\u30d71\u3011 \u6c17\u306b\u306a\u308b\u4f01\u696d\u3084\u696d\u754c\u3092\u898b\u3064\u3051\u308b\r\n      \u2193\r\n\u3010\u30b9\u30c6\u30c3\u30d72\u3011 \u305d\u306e\u4f01\u696d\u306e\u300c\u4e88\u60f3PER\u300d\u3092\u78ba\u8a8d\u3059\u308b\r\n      \u2193\r\n\u3010\u30b9\u30c6\u30c3\u30d73\u3011 \u540c\u696d\u4ed6\u793e\uff08\u30e9\u30a4\u30d0\u30eb\uff09\u306ePER\u3092\u4e26\u3079\u3066\u6bd4\u8f03\u3059\u308b\r\n      \u2193\r\n\u3010\u30b9\u30c6\u30c3\u30d74\u3011 \u305d\u306e\u4f01\u696d\u306e\u300c\u904e\u53bb\u306ePER\u300d\u3092\u898b\u3066\u3001\u4eca\u306e\u7acb\u3061\u4f4d\u7f6e\u3092\u77e5\u308b\r\n      \u2193\r\n\u3010\u30b9\u30c6\u30c3\u30d75\u3011 \u306a\u305c\u305d\u306ePER\u306a\u306e\u304b\u3001\u80cc\u666f\uff08\u7406\u7531\uff09\u3092\u63a8\u6e2c\u30fb\u8abf\u67fb\u3059\u308b\r\n<\/code><\/pre>\n<\/div>\n<\/div>\n<\/div>\n<p>&nbsp;<\/p>\n<h3 data-path-to-node=\"114\">\u5b9f\u8df5\u306e\u30b7\u30df\u30e5\u30ec\u30fc\u30b7\u30e7\u30f3<\/h3>\n<p data-path-to-node=\"115\">\u3042\u306a\u305f\u304c\u300c\u304a\u83d3\u5b50\u30e1\u30fc\u30ab\u30fc\u306e\u3007\u3007\u30b9\u30ca\u30c3\u30af\u300d\u3068\u3044\u3046\u682a\u306b\u8208\u5473\u3092\u6301\u3063\u305f\u3068\u3057\u307e\u3059\u3002<\/p>\n<ol start=\"1\" data-path-to-node=\"116\">\n<li>\n<p data-path-to-node=\"116,0,0\"><b data-path-to-node=\"116,0,0\" data-index-in-node=\"0\">PER\u30c1\u30a7\u30c3\u30af\uff1a<\/b> \u3007\u3007\u30b9\u30ca\u30c3\u30af\u306e\u4e88\u60f3PER\u306f <b data-path-to-node=\"116,0,0\" data-index-in-node=\"23\">13\u500d<\/b> \u3060\u3063\u305f\u3002<\/p>\n<\/li>\n<li>\n<p data-path-to-node=\"116,1,0\"><b data-path-to-node=\"116,1,0\" data-index-in-node=\"0\">\u5e02\u5834\u5e73\u5747\u3068\u6bd4\u8f03\uff1a<\/b> \u65e5\u672c\u682a\u5e73\u5747\u306e15\u500d\u3088\u308a\u4f4e\u3044\u306e\u3067\u3001\u7b2c\u4e00\u5370\u8c61\u306f\u300c\u3084\u3084\u5272\u5b89\u300d\u3002<\/p>\n<\/li>\n<li>\n<p data-path-to-node=\"116,2,0\"><b data-path-to-node=\"116,2,0\" data-index-in-node=\"0\">\u30e9\u30a4\u30d0\u30eb\u6bd4\u8f03\uff1a<\/b> \u540c\u696d\u306e\u300c\u25b3\u25b3\u88fd\u83d3\u300d\u306f20\u500d\u3001\u300c\u25a1\u25a1\u30d1\u30f3\u300d\u306f16\u500d\u3060\u3063\u305f\u3002\u30e9\u30a4\u30d0\u30eb\u3068\u6bd4\u3079\u3066\u3082\u3007\u3007\u30b9\u30ca\u30c3\u30af\u306f\u660e\u3089\u304b\u306b\u4f4e\u3044\u3002<\/p>\n<\/li>\n<li>\n<p data-path-to-node=\"116,3,0\"><b data-path-to-node=\"116,3,0\" data-index-in-node=\"0\">\u904e\u53bb\u6bd4\u8f03\uff1a<\/b> \u3007\u3007\u30b9\u30ca\u30c3\u30af\u306e\u904e\u53bb3\u5e74\u5e73\u5747PER\u306f18\u500d\u3060\u3063\u305f\u3002\u3044\u3064\u3082\u3088\u308a\u4eca\u3001\u683c\u6bb5\u306b\u4f4e\u3044\u3002<\/p>\n<\/li>\n<li>\n<p data-path-to-node=\"116,4,0\"><b data-path-to-node=\"116,4,0\" data-index-in-node=\"0\">\u7406\u7531\u306e\u8abf\u67fb\uff1a<\/b> \u30cb\u30e5\u30fc\u30b9\u3092\u8abf\u3079\u308b\u3068\u3001\u300c\u6700\u8fd1\u3001\u5c0f\u9ea6\u306e\u4fa1\u683c\u304c\u4e0a\u304c\u3063\u3066\u5229\u76ca\u304c\u6e1b\u308b\u306e\u3067\u306f\uff1f\u300d\u3068\u5fc3\u914d\u3055\u308c\u3066\u682a\u4fa1\u304c\u4e0b\u304c\u3063\u3066\u3044\u308b\u3053\u3068\u304c\u5206\u304b\u3063\u305f\u3002\u3057\u304b\u3057\u3001\u3007\u3007\u30b9\u30ca\u30c3\u30af\u306f\u6765\u6708\u304b\u3089\u5546\u54c1\u306e\u5024\u4e0a\u3052\u3092\u767a\u8868\u3057\u3066\u304a\u308a\u3001\u534a\u5e74\u5f8c\u306b\u306f\u5229\u76ca\u304c\u5143\u306b\u623b\u308b\u898b\u8fbc\u307f\u304c\u3042\u308b\u3002<\/p>\n<\/li>\n<\/ol>\n<p data-path-to-node=\"117\"><b data-path-to-node=\"117\" data-index-in-node=\"0\">\u3010\u5224\u65ad\u3011<\/b><\/p>\n<p data-path-to-node=\"117\">\u300c\u3053\u308c\u306f\u3001\u4e00\u6642\u7684\u306a\u5fc3\u914d\u3067\u884c\u304d\u904e\u304e\u305f\u4e0b\u843d\uff08\uff1d\u30d0\u30fc\u30b2\u30f3\u30bb\u30fc\u30eb\uff09\u3060\uff01\u4eca\u306ePER13\u500d\u306f\u8cb7\u3044\u306e\u30c1\u30e3\u30f3\u30b9\uff01\u300d<\/p>\n<p data-path-to-node=\"118\">\u3053\u306e\u3088\u3046\u306b\u30ed\u30b8\u30ab\u30eb\u306b\u6295\u8cc7\u5224\u65ad\u304c\u3067\u304d\u308b\u3088\u3046\u306b\u306a\u308a\u307e\u3059\u3002<\/p>\n<h1 data-path-to-node=\"120\">\u7b2c10\u7ae0 \u307e\u3068\u3081\uff1aPER\u3092\u5473\u65b9\u306b\u3064\u3051\u3066\u6295\u8cc7\u3092\u697d\u3057\u3082\u3046\uff01<\/h1>\n<p data-path-to-node=\"121\">\u6700\u5f8c\u306b\u3001\u3053\u306e\u8a18\u4e8b\u3067\u5b66\u3093\u3060\u91cd\u8981\u30dd\u30a4\u30f3\u30c8\u3092\u30ae\u30e5\u30c3\u3068\u51dd\u7e2e\u3057\u3066\u5fa9\u7fd2\u3057\u307e\u3057\u3087\u3046\u3002<\/p>\n<ul data-path-to-node=\"122\">\n<li>\n<p data-path-to-node=\"122,0,0\"><b data-path-to-node=\"122,0,0\" data-index-in-node=\"0\">PER\u3068\u306f\uff1a<\/b> \u682a\u4fa1\u304c\u300c1\u682a\u5f53\u305f\u308a\u306e\u5229\u76ca\uff08EPS\uff09\u300d\u306e\u4f55\u500d\u306b\u306a\u3063\u3066\u3044\u308b\u304b\u3092\u8868\u3059\u6307\u6a19\u3002<\/p>\n<\/li>\n<li>\n<p data-path-to-node=\"122,1,0\"><b data-path-to-node=\"122,1,0\" data-index-in-node=\"0\">\u672c\u8cea\u7684\u306a\u610f\u5473\uff1a<\/b> \u300c\u305d\u306e\u4f1a\u793e\u3092\u4eca\u306e\u682a\u4fa1\u3067\u4e38\u3054\u3068\u8cb7\u3063\u305f\u6642\u3001<b data-path-to-node=\"122,1,0\" data-index-in-node=\"27\">\u4f55\u5e74\u3067\u5143\u304c\u53d6\u308c\u308b\u304b<\/b>\u300d\u306e\u76ee\u5b89\u3002<\/p>\n<\/li>\n<li>\n<p data-path-to-node=\"122,2,0\"><b data-path-to-node=\"122,2,0\" data-index-in-node=\"0\">\u4e00\u822c\u7684\u306a\u76ee\u5b89\uff1a<\/b> <b data-path-to-node=\"122,2,0\" data-index-in-node=\"8\">15\u500d<\/b>\u304c\u3072\u3068\u3064\u306e\u57fa\u6e96\u3002\u305d\u308c\u3088\u308a\u4f4e\u3051\u308c\u3070\u5272\u5b89\u3001\u9ad8\u3051\u308c\u3070\u5272\u9ad8\uff08\u305f\u3060\u3057\u696d\u754c\u306b\u3088\u308b\uff09\u3002<\/p>\n<\/li>\n<li>\n<p data-path-to-node=\"122,3,0\"><b data-path-to-node=\"122,3,0\" data-index-in-node=\"0\">\u6210\u9577\u6027\u306e\u88cf\u8fd4\u3057\uff1a<\/b> IT\u4f01\u696d\u306a\u3069\u672a\u6765\u306e\u6210\u9577\u304c\u671f\u5f85\u3055\u308c\u308b\u682a\u306fPER\u304c\u9ad8\u304f\u306a\u308a\u3084\u3059\u304f\u3001\u6210\u719f\u4f01\u696d\u306f\u4f4e\u304f\u306a\u308a\u3084\u3059\u3044\u3002<\/p>\n<\/li>\n<li>\n<p data-path-to-node=\"122,4,0\"><b data-path-to-node=\"122,4,0\" data-index-in-node=\"0\">\u4f7f\u3044\u65b9\uff1a<\/b> \u5358\u4f53\u3067\u898b\u305a\u3001<b data-path-to-node=\"122,4,0\" data-index-in-node=\"11\">\u300c\u540c\u696d\u4ed6\u793e\u300d\u3084\u300c\u904e\u53bb\u306e\u81ea\u5206\u300d\u3068\u6bd4\u8f03\u3059\u308b<\/b>\u3002<\/p>\n<\/li>\n<li>\n<p data-path-to-node=\"122,5,0\"><b data-path-to-node=\"122,5,0\" data-index-in-node=\"0\">\u6ce8\u610f\u70b9\uff1a<\/b> \u8d64\u5b57\u4f01\u696d\u306b\u306f\u4f7f\u3048\u306a\u3044\u3002\u307e\u305f\u3001\u5b89\u3059\u304e\u308b\u682a\u306b\u306f\u300c\u30d0\u30ea\u30e5\u30fc\u30c8\u30e9\u30c3\u30d7\uff08\u7f60\uff09\u300d\u304c\u306a\u3044\u304b\u7591\u3046\u3053\u3068\u3002<\/p>\n<\/li>\n<\/ul>\n<p data-path-to-node=\"123\">PER\u306f\u3001\u6295\u8cc7\u5bb6\u304c\u4e00\u751f\u4f7f\u3044\u7d9a\u3051\u308b\u300c\u57fa\u672c\u306b\u3057\u3066\u7a76\u6975\u306e\u7269\u5dee\u3057\u300d\u3067\u3059\u3002<\/p>\n<p data-path-to-node=\"123\">\u6700\u521d\u306f\u300c\u4f55\u500d\u300d\u3068\u3044\u3046\u6570\u5b57\u3092\u898b\u308b\u3060\u3051\u3067\u3082\u3001\u6b21\u7b2c\u306b\u305d\u306e\u6570\u5b57\u306e\u80cc\u666f\u306b\u3042\u308b\u300c\u4ed6\u306e\u6295\u8cc7\u5bb6\u305f\u3061\u306e\u671f\u5f85\u3084\u4e0d\u5b89\u306e\u5fc3\u7406\u300d\u304c\u900f\u3051\u3066\u898b\u3048\u308b\u3088\u3046\u306b\u306a\u3063\u3066\u304d\u307e\u3059\u3002<\/p>\n<p data-path-to-node=\"124\">\u30cd\u30c3\u30c8\u8a3c\u5238\u306e\u30de\u30a4\u30da\u30fc\u30b8\u3084\u682a\u4fa1\u30a2\u30d7\u30ea\u3092\u958b\u3044\u305f\u3089\u3001\u307e\u305a\u306f\u3042\u306a\u305f\u304c\u77e5\u3063\u3066\u3044\u308b\u8eab\u8fd1\u306a\u4f01\u696d\u306e\u300cPER\u300d\u30923\u3064\u307b\u3069\u30c1\u30a7\u30c3\u30af\u3059\u308b\u3053\u3068\u304b\u3089\u59cb\u3081\u3066\u307f\u3066\u304f\u3060\u3055\u3044\u3002\u304d\u3063\u3068\u3001\u4eca\u307e\u3067\u3068\u306f\u9055\u3063\u305f\u666f\u8272\u306e\u682a\u5f0f\u5e02\u5834\u304c\u898b\u3048\u3066\u304f\u308b\u306f\u305a\u3067\u3059\uff01<\/p>\n<p data-path-to-node=\"126\">\u77e5\u8b58\u304c\u6df1\u307e\u3063\u305f\u3068\u3053\u308d\u3067\u3001\u5b9f\u969b\u306e\u9298\u67c4\u9078\u3073\u306b\u5411\u3051\u3066\u3001\u4f55\u304b\u6c17\u306b\u306a\u3063\u3066\u3044\u308b\u696d\u754c\u3084\u5177\u4f53\u7684\u306a\u4f01\u696d\u306f\u3042\u308a\u307e\u3059\u304b\uff1f\u3082\u3057\u3042\u308c\u3070\u3001\u305d\u306ePER\u304c\u4eca\u3069\u3046\u306a\u3063\u3066\u3044\u308b\u304b\u3001\u4e00\u7dd2\u306b\u7d10\u89e3\u3044\u3066\u307f\u307e\u3057\u3087\u3046\uff01<\/p>\n<div><\/div>\n<div class=\"xcd-attention-8 xcd-col5 xcd-ripple\">\n<div class=\"xcd-title\"><span style=\"font-size: 18pt;\">\u30d7\u30ed\u306e\u77e5\u8b58\u304c\u7121\u6599\u3067\u5b66\u3079\u307e\u3059<\/span><\/div>\n<div class=\"xcd-content\">\n<p><span style=\"font-size: 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