> 数据图表如何看待附表：当前银行板块仅对应0.71倍2025年PB2025-11-1附表：当前银行板块仅对应0.71倍2025年PBA股工商银行建设银行农业银行中国银行邮储银行招商银行中信银行民生银行浦发银行兴业银行光大银行华夏银行平安银行浙商银行南京银行宁波银行江苏银行上海银行杭州银行苏州银行成都银行重庆银行齐鲁银行厦门银行无锡银行常熟银行江阴银行苏农银行张家港行瑞丰银行紫金银行沪农商行渝农商行代码601398.SH601939.SH601288.SH601988.SH601658.SH600036.SH601998.SH600016.SH600000.SH601166.SH601818.SH600015.SH000001.SZ601916.SH601009.SH002142.SZ600919.SH601229.SH600926.SH002966.SZ601838.SH601963.SH601665.SH601187.SH600908.SH601128.SH002807.SZ603323.SH002839.SZ601528.SH601860.SH601825.SH601077.SHA股板块平均上市银行估值比较表（收盘价截至2025/11/17）收盘价（元）8.179.448.325.775.6942.657.974.1011.3721.423.546.9811.673.1011.4928.8010.8310.0915.708.1216.7011.276.097.236.177.124.875.264.605.612.888.926.84流通市值（亿元）22,027 2,000 26,561 13,767 5,704 8,798 3,249 1,454 3,787 4,533 1,643 1,111 2,265 668 1,421 1,902 1,987 1,434 1,138 363 708 214 375 191 135 236 120 106 112 110 105 860 605P/E (x)P/B (x)ROAE (%)ROAA (%)25E8.197.4510.708.138.407.466.806.538.436.105.604.825.496.656.866.686.006.176.036.975.347.346.938.536.075.115.645.206.235.446.496.946.46.26E8.047.2010.177.768.047.246.566.597.565.815.464.665.456.636.316.025.475.965.316.444.946.556.188.395.744.515.334.955.905.166.416.706.0825E0.750.731.050.720.750.940.610.320.560.550.410.350.500.460.780.820.760.570.820.710.780.670.820.710.590.670.590.530.590.530.470.650.5926E0.700.680.980.670.710.870.570.310.550.520.390.330.470.440.720.740.680.530.730.660.700.620.760.670.540.600.550.490.550.490.420.610.5525E9.4%10.1%10.1%9.1%9.4%13.2%9.2%4.9%6.7%9.4%7.5%7.4%9.4%7.2%12.1%13.0%13.4%9.6%15.2%11.0%15.6%9.5%12.6%8.5%10.1%13.8%11.0%10.8%9.8%10.2%7.7%9.7%9.3%26E9.0%9.7%10.0%9.0%9.1%12.5%8.9%4.7%7.3%9.2%7.3%7.3%8.9%6.8%11.8%13.0%13.2%9.3%14.5%10.6%15.0%9.9%12.8%8.2%9.8%14.0%10.7%10.3%9.7%9.9%6.9%9.4%9.3%25E0.73%0.82%0.65%0.71%0.49%1.20%0.72%0.41%0.52%0.73%0.60%0.57%0.75%0.42%0.79%0.89%0.87%0.72%0.87%0.77%1.01%0.65%0.79%0.63%0.87%1.16%1.01%0.92%0.83%0.88%0.57%0.83%0.79%26E0.68%0.80%0.62%0.69%0.47%1.15%0.71%0.39%0.54%0.72%0.60%0.57%0.72%0.41%0.75%0.86%0.85%0.70%0.88%0.74%0.96%0.61%0.78%0.62%0.83%1.17%0.99%0.89%0.81%0.85%0.51%0.80%0.77%....% .% .% .%.% .%股息收益率 (%)26E25E3.8%3.8%4.1%4.1%3.0%2.9%4.0%3.8%3.9%3.8%4.7%4.7%4.5%4.5%4.6%4.7%3.6%3.2%4.9%4.9%5.3%5.4%5.2%5.8%5.2%5.2%4.9%5.4%4.5%4.9%3.4%3.1%5.2%4.8%5.1%5.0%3.4%3.5%4.5%4.9%5.6%5.3%4.1%3.7%4.0%4.3%4.1%4.3%3.7%3.9%3.5%3.5%4.3%4.1%3.3%3.4%4.3%4.4%3.8%3.6%3.5%3.5%4.9%4.8%4.5%4.7%注：股息收益率=预测 DPS/收盘价，预测 DPS=归属普通股股东净利润*分红率/总股本，其中分红率假设持平最新报告期、归属普通股股东净利润及股本来自盈利预测。www.swsresearch.com 证券研究报告资料来源：Wind，公司财报，申万宏源研究42申万宏源综合其他
