Analysis Of China's A Share Market Value Of The Investment Liseted Security Industry Companies

With the rapid development of the capital market,the Chinese security industry has undergone a period of rapid development in the past few years.On the other hand,the profit mode of the security industry is quite simple,and the profitability of the listed security industry companies has a high degree of correlation with the stock market's ups and downs,which causes the stock prices fluctuate fiercely with the market.So investors feel confused that choose which companies to invest.Whether the stock price is worth the investment? How to measure and improve the investment value of the listed security industry companies? These issues are concerned by the market parties,especially for the majority of investors.This paper is based on the perspective of comprehensive financial evaluation index to evaluate the investment value of the 23 listed security industry companies.First of all,this paper expounds the meaning of enterprise investment value and the analysis theory and method of investment value.Secondly,analyse the market performance of China's A-share market brokerage sector,and the future development of listed security industry companies.Thirdly,elect appropriate financial indicators to construct the evaluation index system of investment value,and valuate the comprehensive financial performance of the listed security industry companies by financial reports and other economic data from 2013 to 2015.Finally,analyse the investment value of listed companies with the comprehensive price earnings ratio and suggest investment decisions to investors.The main conclusions of this paper are as following: both the profitability of the listed security industry companies and the stability of the profitability need to be further improved;The asset-liability ratio is relatively high and the anti-risk capability needs to be further improved;From comprehensive score of the 23 listed security industry companies and the modified comprehensive price earnings ratio,Shenwan Hongyuan,Guosen Securities,Everbright Securities have higher investment value.However,the investment value of Dongxing Securities,Western Securities,Pacific Securities is obviously overestimated,so we suggest investors reduce or sell the shares of these companies.