上市公司的确可以根据自身的情况来确定市盈率,判断其高低可以依据各方面的信息,特别是公司的财务报表来具体分析.一般来说,市盈率为20并不算太高,美国企业的市盈率一般选择25左右,日本的则更高,达到50-80.

This work usually being done by I-bank or S-company, which involves the AP(asset pricing) process. So, in other words, not only P/E, capital gain, dividend and PV will be took into account, other factors like Risk-Premium, interest rate, floating cost,ect are also heavily measured!

溢价发行,是对公司原创业者的补偿,这是正常的,但中国股市溢价过高,是与中国股市重融资轻回报有关的.什么时候中国股市能把市场定位于投资市场,才是股市走向正确路线.