> 数据图表一起讨论下PB2025-6-6PB2020241.8PE1.3PEPB302040.60%图表：证券行业（申万二级）PB估值图表：主动权益型基金证券板块持仓处于相对低位1,00090080070060050040030020010002020A 2021H 2021A 2022H 2022A 2023H 2023A 2024H 2024A1.80%1.60%1.40%1.20%1.00%0.80%0.60%0.40%0.20%0.00%ROE2.52.01.51.00.50.071-60-020271-90-020271-21-020271-30-120271-60-120271-90-120271-21-120271-30-220271-60-220271-90-220271-21-220271-30-320271-60-320271-90-320271-21-320271-30-420271-60-420271-90-420271-21-420271-30-520271-60-5202pb_lfAVG1STDV-1STDV证券Ⅱ持仓市值（亿元）持仓占比（右轴）资料来源：Wind，国金证券研究所 注：1）PB数据截至2025/6/18；2）主动权益型基金规模为普通股票型、偏股混合型、灵活配置型、平衡混合型规模加总25国金证券综合其他
