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在投资评级下调的25只股票中,软件行业有2家公司入围,具体原因何在?2004年以来,软件行业静态市盈率(TTM)最高为68倍,最低为21倍,平均为41倍。静态市盈率与大盘比值最高为3.2:1,最低为1.1:1。截止2011年6月中旬,软件行业静态市盈率(TTM)为40倍,与2004年以来的平均水平接近,静态市盈率与大盘比值目前约为2.5:1。目前软件行业估值仍缺乏绝对的吸引力,但考虑到2011年业绩增长加速,估值进一步下降的空间不大。
Among the 25 stocks downgraded by investment rating, there are 2 companies in the software industry short-listed. What are the specific reasons? Since 2004, the software industry has seen the highest static price-to-earnings ratio (TTM) of 68 times, the lowest of 21 times, an average of 41 times. Static price-earnings ratio and the highest market ratio of 3.2: 1, a minimum of 1.1: 1. As of mid-June 2011, the software industry’s static price-to-earnings ratio (TTM) was 40x, close to the average since 2004, and the static PE ratio to the broader market is currently around 2.5: 1. The current valuation of the software industry is still the lack of absolute appeal, but taking into account the accelerated performance growth in 2011, there is little room for further valuation decline.