十六家上市银行投资价值分析讲述.docx

本科毕业论文题　　目十六家上市银行投资价值分析题目Analyse value analysis of 16 listed bank题目类别：□论文□设计□创作学生姓名：张星学号：在院系：经济学院专业：经济学入学时间：　　二零一六　年　　八　　月导师姓名：李亚平导师所在单位：　　　　安徽大学　　　　　完成时间：　　　　　年　　　　　月安徽大学教务处　制十六家上市银行的投资价值分析摘要：目前我国A股市场在经历了14年、15年的牛市行情之后，目前银行板块整体市盈率绝明显低于A股均值，除了宁波银行市盈率达到8.2其它均小于8。可以说银行股在我国的投资价值已经初步显现。本文通过研究上市银行盈利能力、成长性、以及风险控制能力三大类指标来衡量上市银行价值。然后遵循价值投资的指导思想，将其价值作为股票投资价值的判断依据，最后通过比较分析的方法，对16家上市银行的价值进行排序。在选择财务指标时，遵循指标的概括性、关键性以及银行业的特殊性，本文最初选取了9项财务指标作为上市银行投资价值分析的基础；使用系统聚类法通过求各指标之间相关系数矩阵、距离矩阵并结合实际情况对指标进行了筛选；之后我们使用变异系数法计算出各指标对应的权重；最后我们利用相对化处理法对指标进行了同度量化处理并得出16家上市银行的投资价值以及排序。关键词：股票投资价值；上市银行；变异系数法；评价模型；Analyse Value Analysis of 16 Listed BankAbstract：After the prosperity of bull market of our country’s A-share market in 2014 and 2015 years later, the whole price-earnings ratio in the banking sector is considerably below the mean value of A-share except for the Ningbo bank’s earnings ratio which has reached 8.2 but others are less than 8. It can be said that the investment value of bank stocks has been initially revealed. Through the research of listed banks profitability, growth and risk control capabilities to measure the market value of listed bank. By following the guiding ideology of “value investment”, this paper make it as the judge basis of stock investment value and will sort the value of 16 listed banks through the comparative analysis in the end.In the choice of financial index, this dissertation initially choices 9 items as the basis of the analysis of listed bank’s investment value by depending on the generality and criticality of index, the speciality of bank industry. In addition, this paper through the use of hierarchical clustering method to filter those indicators by combining related coefficient matrix, the distance matrix and the actual situation. Then, we use the variation coefficient methods to calculate the weight of each index accordingly. Finally, based on the way of opposite processing, this paper commensurate those indicators in order to acquire the investme