{"id":395,"date":"2025-07-21T17:46:57","date_gmt":"2025-07-21T08:46:57","guid":{"rendered":"https:\/\/lifecraftplus8.com\/?p=395"},"modified":"2025-07-24T17:55:53","modified_gmt":"2025-07-24T08:55:53","slug":"%e3%81%8a%e8%b2%b7%e3%81%84%e5%be%97%e6%a0%aa%e3%81%af%e3%81%93%e3%81%86%e8%a6%8b%e3%81%a4%e3%81%91%e3%82%8b%ef%bc%81%e5%88%9d%e5%bf%83%e8%80%85%e3%81%8c%e7%9f%a5%e3%81%a3%e3%81%a6%e3%81%8a%e3%81%8f","status":"publish","type":"post","link":"https:\/\/lifecraftplus8.com\/?p=395","title":{"rendered":"\u304a\u8cb7\u3044\u5f97\u682a\u306f\u3053\u3046\u898b\u3064\u3051\u308b\uff01\u521d\u5fc3\u8005\u304c\u77e5\u3063\u3066\u304a\u304f\u3079\u304d5\u3064\u306e\u6307\u6a19\u3068\u8003\u3048\u65b9"},"content":{"rendered":"\n

\u300c\u3088\u3057\u3001\u8a3c\u5238\u53e3\u5ea7\u3082\u958b\u3044\u305f\u3057\u3001\u3044\u3088\u3044\u3088\u6295\u8cc7\u30c7\u30d3\u30e5\u30fc\uff01\u300d\u2014\u2014\u610f\u6c17\u8fbc\u3093\u3067\u306f\u307f\u305f\u3082\u306e\u306e\u3001\u3044\u3056\u682a\u3092\u9078\u307c\u3046\u3068\u3057\u305f\u3068\u304d\u3001\u300cPER\uff1fPBR\uff1fROE\uff1f\u306a\u306b\u305d\u308c\u2026\u2026\u300d\u3068\u3001\u5c02\u9580\u7528\u8a9e\u306e\u5d50\u306b\u6238\u60d1\u3063\u305f\u7d4c\u9a13\u306f\u3042\u308a\u307e\u305b\u3093\u304b\uff1f<\/p>\n\n\n\n

\u6700\u8fd1\u306fNISA\u3084\u3064\u307f\u305f\u3066\u6295\u8cc7\u306e\u666e\u53ca\u3067\u3001\u8cc7\u7523\u5f62\u6210\u3092\u610f\u8b58\u3057\u59cb\u3081\u305f\u4eba\u3082\u5897\u3048\u3066\u304d\u307e\u3057\u305f\u3002\u3067\u3082\u5b9f\u969b\u306b\u682a\u5f0f\u6295\u8cc7\u3092\u59cb\u3081\u308b\u3068\u3001\u9298\u67c4\u9078\u3073\u3067\u3064\u307e\u305a\u304f\u4eba\u306f\u5c11\u306a\u304f\u3042\u308a\u307e\u305b\u3093\u3002\u300c\u3053\u306e\u4f1a\u793e\u3001\u826f\u3055\u305d\u3046\u3060\u3051\u3069\u672c\u5f53\u306b\u8cb7\u3063\u3066\u3044\u3044\u306e\uff1f\u300d\u300c\u304a\u5f97\u304b\u3069\u3046\u304b\u3063\u3066\u3001\u4f55\u3092\u898b\u308c\u3070\u308f\u304b\u308b\u306e\uff1f\u300d\u2014\u2014\u305d\u3093\u306a\u7591\u554f\u306b\u3076\u3064\u304b\u308b\u306e\u306f\u3001\u3080\u3057\u308d\u81ea\u7136\u306a\u3053\u3068\u3067\u3059\u3002<\/p>\n\n\n\n

\u3067\u3082\u5927\u4e08\u592b\u3002\u5b9f\u306f\u682a\u306e\u300c\u304a\u8cb7\u3044\u5f97\u3055\u300d\u306f\u3001\u305f\u3063\u305f5\u3064\u306e\u6307\u6a19\u3092\u77e5\u308b\u3060\u3051\u3067\u3001\u3050\u3063\u3068\u5206\u304b\u308a\u3084\u3059\u304f\u306a\u308a\u307e\u3059\u3002\u3057\u304b\u3082\u305d\u306e\u6307\u6a19\u306f\u3001\u7279\u5225\u306a\u77e5\u8b58\u304c\u306a\u304f\u3066\u3082\u6570\u5b57\u3092\u8aad\u3080\u3060\u3051\u3067\u7406\u89e3\u3067\u304d\u308b\u3088\u3046\u8a2d\u8a08\u3055\u308c\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n\n

\u300c\u3067\u3082\u3001\u6570\u5b57\u3063\u3066\u96e3\u3057\u305d\u3046\u2026\u300d\u300c\u5c02\u9580\u5bb6\u3058\u3083\u306a\u3044\u3068\u8aad\u3081\u306a\u3044\u3093\u3058\u3083\uff1f\u300d\u2014\u2014\u305d\u3046\u601d\u3046\u304b\u3082\u3057\u308c\u307e\u305b\u3093\u3002\u3051\u308c\u3069\u3001\u5b89\u5fc3\u3057\u3066\u304f\u3060\u3055\u3044\u3002\u3053\u306e5\u3064\u306e\u6307\u6a19\u3092\u62bc\u3055\u3048\u308b\u3060\u3051\u3067\u3001\u3042\u306a\u305f\u306f\u4eca\u65e5\u304b\u3089\u300c\u6570\u5b57\u304c\u8aad\u3081\u308b\u6295\u8cc7\u5bb6\u300d\u306b\u306a\u308c\u307e\u3059\u3002<\/p>\n\n\n\n

\u6570\u5b57\u3092\u5473\u65b9\u306b\u3064\u3051\u308b\u3068\u3001\u6295\u8cc7\u306e\u5224\u65ad\u304c\u8ad6\u7406\u7684\u306b\u306a\u308a\u3001\u81ea\u4fe1\u304c\u751f\u307e\u308c\u307e\u3059\u3002\u8ff7\u3063\u305f\u3068\u304d\u306f\u3001\u3053\u306e\u8a18\u4e8b\u3092\u8aad\u307f\u8fd4\u3057\u3066\u57fa\u672c\u306b\u7acb\u3061\u8fd4\u3063\u3066\u304f\u3060\u3055\u3044\u3002\u305d\u308c\u3060\u3051\u3067\u3001\u6295\u8cc7\u306e\u7cbe\u5ea6\u304c\u30b0\u30c3\u3068\u4e0a\u304c\u308b\u306f\u305a\u3067\u3059\u3002<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

\u305d\u3082\u305d\u3082\u300c\u304a\u8cb7\u3044\u5f97\u682a\u300d\u3063\u3066\u3069\u3046\u3044\u3046\u610f\u5473\uff1f<\/h2>\n\n\n\n

\u682a\u5f0f\u6295\u8cc7\u306e\u4e16\u754c\u3067\u3088\u304f\u4f7f\u308f\u308c\u308b\u300c\u304a\u8cb7\u3044\u5f97\u682a\u300d\u3068\u3044\u3046\u8a00\u8449\u3002\u76f4\u611f\u7684\u306b\u306f\u300c\u4eca\u8cb7\u3046\u3068\u5f97\u3057\u305d\u3046\u306a\u682a\u300d\u3068\u3044\u3046\u30a4\u30e1\u30fc\u30b8\u304b\u3082\u3057\u308c\u307e\u305b\u3093\u304c\u3001\u5b9f\u969b\u306f\u3082\u3063\u3068\u8ad6\u7406\u7684\u306a\u610f\u5473\u304c\u3042\u308a\u307e\u3059\u3002<\/p>\n\n\n\n

\u300c\u304a\u8cb7\u3044\u5f97\u682a\u300d\u3068\u306f\u3001\u4f01\u696d\u306e\u672c\u5f53\u306e\u4fa1\u5024\u2014\u2014\u3064\u307e\u308a\u3001\u6301\u3063\u3066\u3044\u308b\u8cc7\u7523\u3084\u7a3c\u3050\u529b\u306b\u5bfe\u3057\u3066\u3001\u682a\u4fa1\u304c\u76f8\u5bfe\u7684\u306b\u5272\u5b89\u306a\u72b6\u614b\u306b\u3042\u308b\u9298\u67c4\u306e\u3053\u3068\u3092\u6307\u3057\u307e\u3059\u3002\u3064\u307e\u308a\u3001\u300c\u672c\u6765\u306f\u3082\u3063\u3068\u9ad8\u304f\u8a55\u4fa1\u3055\u308c\u3066\u3082\u3044\u3044\u306e\u306b\u3001\u3044\u307e\u306f\u5b89\u304f\u306a\u3063\u3066\u3044\u308b\u682a\u300d\u3068\u3044\u3046\u3053\u3068\u3067\u3059\u3002<\/p>\n\n\n\n

\u305f\u3068\u3048\u3070\u3001\u5e74\u959310\u4e07\u5186\u306e\u5229\u76ca\u3092\u751f\u307f\u51fa\u3059\u81ea\u52d5\u8ca9\u58f2\u6a5f\u304c\u3042\u3063\u305f\u3068\u3057\u307e\u3059\u3002\u3053\u306e\u81ea\u8ca9\u6a5f\u309210\u4e07\u5186\u3067\u8cb7\u3048\u308b\u3068\u3057\u305f\u3089\u3001\u5229\u76ca\u304c1\u5e74\u3067\u5143\u3092\u53d6\u308c\u308b\u306e\u3067\u300c\u304a\u5f97\u3060\u300d\u3068\u611f\u3058\u308b\u3067\u3057\u3087\u3046\u3002\u9006\u306b\u3001\u540c\u3058\u81ea\u8ca9\u6a5f\u304c100\u4e07\u5186\u3067\u58f2\u3089\u308c\u3066\u3044\u305f\u3089\u300c\u9ad8\u3059\u304e\u308b\u300d\u3068\u611f\u3058\u307e\u3059\u3088\u306d\u3002<\/p>\n\n\n\n

\u682a\u3082\u3053\u308c\u3068\u540c\u3058\u3067\u3059\u3002\u4f01\u696d\u304c\u5e74\u9593\u306b\u3069\u308c\u3060\u3051\u5229\u76ca\u3092\u51fa\u3057\u3066\u3044\u308b\u304b\u3001\u3069\u308c\u304f\u3089\u3044\u306e\u8cc7\u7523\u3092\u6301\u3063\u3066\u3044\u308b\u304b\u306b\u5bfe\u3057\u3066\u3001\u4eca\u306e\u682a\u4fa1\u304c\u3069\u308c\u304f\u3089\u3044\u304b\u3092\u898b\u6bd4\u3079\u3066\u300c\u5272\u5b89\u304b\u3069\u3046\u304b\u300d\u3092\u5224\u65ad\u3057\u307e\u3059\u3002\u3053\u308c\u3092\u6570\u5b57\u3067\u8aad\u307f\u89e3\u304f\u305f\u3081\u306b\u6d3b\u7528\u3055\u308c\u308b\u306e\u304c\u3001\u300cPER\u300d\u3084\u300cPBR\u300d\u306a\u3069\u306e\u6307\u6a19\u3067\u3059\u3002<\/p>\n\n\n\n

\u3064\u307e\u308a\u3001\u300c\u304a\u8cb7\u3044\u5f97\u304b\u3069\u3046\u304b\u300d\u306f\u3001\u611f\u899a\u3084\u52d8\u3067\u306f\u306a\u304f\u3001\u6570\u5b57\u3092\u901a\u3057\u3066\u898b\u3048\u3066\u304f\u308b\u3082\u306e\u3002\u6307\u6a19\u306e\u610f\u5473\u3092\u77e5\u3063\u3066\u3044\u308c\u3070\u3001\u300c\u306a\u3093\u3068\u306a\u304f\u826f\u3055\u305d\u3046\u300d\u306b\u983c\u3089\u305a\u3001\u7406\u8ad6\u7684\u306a\u5224\u65ad\u304c\u3067\u304d\u308b\u3088\u3046\u306b\u306a\u308b\u306e\u3067\u3059\u3002<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

\u307e\u305a\u62bc\u3055\u3048\u308b\u3079\u304d5\u3064\u306e\u6307\u6a19\u3068\u306f\uff1f<\/h2>\n\n\n\n

\u300c\u3053\u306e\u682a\u306f\u304a\u8cb7\u3044\u5f97\u304b\u3082\uff1f\u300d\u3068\u611f\u3058\u305f\u3068\u304d\u3001\u611f\u899a\u3060\u3051\u3067\u5224\u65ad\u3059\u308b\u306e\u306f\u5371\u967a\u3067\u3059\u3002\u305d\u3093\u306a\u3068\u304d\u3053\u305d\u5f79\u7acb\u3064\u306e\u304c\u3001\u4f01\u696d\u306e\u4fa1\u5024\u3084\u53ce\u76ca\u529b\u3092\u5ba2\u89b3\u7684\u306b\u793a\u3057\u3066\u304f\u308c\u308b\u6307\u6a19\u305f\u3061\u3002\u3053\u3053\u3067\u306f\u3001\u521d\u5fc3\u8005\u3067\u3082\u62bc\u3055\u3048\u3066\u304a\u304d\u305f\u30445\u3064\u306e\u4ee3\u8868\u7684\u306a\u6307\u6a19\u3092\u3054\u7d39\u4ecb\u3057\u307e\u3059\u3002<\/p>\n\n\n\n

\u3053\u308c\u3089\u306e\u6570\u5b57\u306f\u3001\u4f01\u696d\u306e\u6210\u9577\u6027\u30fb\u5b89\u5168\u6027\u30fb\u682a\u4e3b\u3078\u306e\u9084\u5143\u59ff\u52e2\u306a\u3069\u3001\u3055\u307e\u3056\u307e\u306a\u5074\u9762\u304b\u3089\u300c\u3053\u306e\u682a\u306f\u8cb7\u3046\u4fa1\u5024\u304c\u3042\u308b\u306e\u304b\uff1f\u300d\u3092\u5224\u65ad\u3059\u308b\u6750\u6599\u306b\u306a\u308a\u307e\u3059\u3002\u305d\u308c\u305e\u308c\u306e\u610f\u5473\u3084\u76ee\u5b89\u3092\u77e5\u3063\u3066\u304a\u304f\u3060\u3051\u3067\u3001\u682a\u9078\u3073\u306e\u7cbe\u5ea6\u304c\u3050\u3063\u3068\u9ad8\u307e\u308a\u307e\u3059\u3002<\/p>\n\n\n\n

\n\n\n\n

PER\uff08\u682a\u4fa1\u53ce\u76ca\u7387\uff09\u2015 \u5229\u76ca\u306b\u5bfe\u3057\u3066\u682a\u4fa1\u306f\u9ad8\u3044\uff1f\u5b89\u3044\uff1f<\/h3>\n\n\n\n

PER\uff08Price Earnings Ratio\uff09\u306f\u3001\u300c\u682a\u4fa1\u304c1\u682a\u3042\u305f\u308a\u306e\u5229\u76ca\uff08EPS\uff09\u306e\u4f55\u500d\u304b\u300d\u3092\u793a\u3059\u6307\u6a19\u3067\u3059\u3002\u4f01\u696d\u306e\u7a3c\u3050\u529b\u3068\u4eca\u306e\u682a\u4fa1\u3092\u6bd4\u8f03\u3059\u308b\u3053\u3068\u3067\u3001\u305d\u306e\u682a\u304c\u5272\u5b89\u304b\u3069\u3046\u304b\u3092\u5224\u65ad\u3057\u307e\u3059\u3002<\/p>\n\n\n\n

\u8a08\u7b97\u5f0f\uff1a\u682a\u4fa1 \u00f7 1\u682a\u3042\u305f\u308a\u306e\u5229\u76ca\uff08EPS\uff09<\/strong><\/p>\n\n\n\n

\u76ee\u5b89\uff1a<\/strong><\/p>\n\n\n\n

\u65e5\u672c\u4f01\u696d\u306e\u5e73\u5747\u306f\u304a\u304a\u3088\u305d15\u500d\u300210\u500d\u4ee5\u4e0b\u3067\u3042\u308c\u3070\u300c\u5229\u76ca\u306e\u5272\u306b\u682a\u4fa1\u304c\u5b89\u3044\u304b\u3082\uff1f\u300d\u3068\u898b\u306a\u3055\u308c\u308b\u3053\u3068\u304c\u3042\u308a\u307e\u3059\u3002<\/p>\n\n\n\n

\u6ce8\u610f\u70b9\uff1a<\/strong><\/p>\n\n\n\n

\u305f\u3060\u3057\u3001PER\u304c\u4f4e\u3051\u308c\u3070\u5fc5\u305a\u304a\u5f97\u3068\u3044\u3046\u308f\u3051\u3067\u306f\u3042\u308a\u307e\u305b\u3093\u3002\u696d\u7e3e\u60aa\u5316\u3084\u6210\u9577\u671f\u5f85\u304c\u4f4e\u3044\u306a\u3069\u3001\u5e02\u5834\u304c\u51b7\u3084\u3084\u304b\u306b\u898b\u3066\u3044\u308b\u7406\u7531\u304c\u3042\u308b\u3053\u3068\u3082\u3002\u3042\u304f\u307e\u3067\u201c\u6570\u5b57\u306e\u88cf\u5074\u201d\u3092\u8aad\u307f\u89e3\u304f\u8996\u70b9\u304c\u5927\u5207\u3067\u3059\u3002<\/p>\n\n\n\n

\n\n\n\n

PBR\uff08\u682a\u4fa1\u7d14\u8cc7\u7523\u500d\u7387\uff09\u2015 \u8cc7\u7523\u306b\u5bfe\u3057\u3066\u682a\u4fa1\u306f\u59a5\u5f53\uff1f<\/h3>\n\n\n\n

PBR\uff08Price Book-value Ratio\uff09\u306f\u3001\u300c\u682a\u4fa1\u304c1\u682a\u3042\u305f\u308a\u306e\u7d14\u8cc7\u7523\uff08BPS\uff09\u306e\u4f55\u500d\u304b\u300d\u3092\u8868\u3059\u6307\u6a19\u3067\u3059\u3002\u4f01\u696d\u304c\u6301\u3063\u3066\u3044\u308b\u7d14\u8cc7\u7523\u306b\u5bfe\u3057\u3066\u3001\u73fe\u5728\u306e\u682a\u4fa1\u304c\u9ad8\u3044\u304b\u5b89\u3044\u304b\u3092\u6e2c\u308b\u3053\u3068\u304c\u3067\u304d\u307e\u3059\u3002<\/p>\n\n\n\n

\u8a08\u7b97\u5f0f\uff1a\u682a\u4fa1 \u00f7 1\u682a\u3042\u305f\u308a\u306e\u7d14\u8cc7\u7523\uff08BPS\uff09<\/strong><\/p>\n\n\n\n

\u76ee\u5b89\uff1a<\/strong><\/p>\n\n\n\n

1\u500d\u4ee5\u4e0b\u3067\u3042\u308c\u3070\u3001\u300c\u8cc7\u7523\u306b\u5bfe\u3057\u3066\u682a\u4fa1\u304c\u5272\u5b89\u300d\u3068\u5224\u65ad\u3055\u308c\u3084\u3059\u3044\u3067\u3059\u3002<\/p>\n\n\n\n

\u6ce8\u610f\u70b9\uff1a<\/strong><\/p>\n\n\n\n

\u305f\u3060\u3057\u3001\u7d14\u8cc7\u7523\u304c\u591a\u304f\u3066\u3082\u300c\u7a3c\u3050\u529b\u300d\u304c\u5f31\u3044\u4f01\u696d\u306e\u5834\u5408\u306f\u3001\u6295\u8cc7\u5bfe\u8c61\u3068\u3057\u3066\u9b45\u529b\u306b\u6b20\u3051\u308b\u3053\u3068\u3082\u3042\u308a\u307e\u3059\u3002\u8cc7\u7523\u3068\u53ce\u76ca\u6027\u3001\u4e21\u9762\u306e\u30d0\u30e9\u30f3\u30b9\u304c\u91cd\u8981\u3067\u3059\u3002<\/p>\n\n\n\n

ROE\uff08\u81ea\u5df1\u8cc7\u672c\u5229\u76ca\u7387\uff09\u2015 \u682a\u4e3b\u306e\u304a\u91d1\u3092\u3046\u307e\u304f\u4f7f\u3063\u3066\u308b\uff1f<\/h3>\n\n\n\n

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\u76ee\u5b89\uff1a<\/strong><\/p>\n\n\n\n

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\u30dd\u30a4\u30f3\u30c8\uff1a<\/strong><\/p>\n\n\n\n

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\n\n\n\n

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\u76ee\u5b89\uff1a<\/strong><\/p>\n\n\n\n

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\u30dd\u30a4\u30f3\u30c8\uff1a<\/strong><\/p>\n\n\n\n

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\n\n\n\n

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\u76ee\u5b89\uff1a<\/strong><\/p>\n\n\n\n

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\u6ce8\u610f\u70b9\uff1a<\/strong><\/p>\n\n\n\n

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