摘要：本文利用CAPM模型、股利贴现模型和市盈率模型计算股票的内在价值，在一定的假设前提下，结合中国A股市场上一部分上市公司的相关财务数据对它们的股票进行估价。文章首先利用大盘整体情况和CAPM模型计算了天喻信息、闰土股份和海通证券的值和资本成本率。其次，用股利贴现模型和市盈率模型分别对万科和格力电器进行定价，并验证了这两个模型对股票价格的可测性，以及在中国市场中的适用性。最后，通过对通货膨胀和股票价值之间关系的研究，发现了通货膨胀对股市既有促进作用又有抑制作用，具体会发生什么情况则要取决于当时的经济情况。
关键词：股利贴现 市盈率 股票价值
Abstract:The intrinsic value of dividend discount model and price earnings ratio model calculation of stock,under some reasonable assumptions, combined with the current stock related financial data of A stock market listing Corporation on their valuation. Firstly, using market prices trend and CAPM model to calculate the listing Corporation value and cost of capital. Secondly, to price the stock dividend discount model and price earnings ratio model, this paper uses these two models to calculate Wanke and Gree appliance value, verification of whether the stock price is the two models can be measured,as well as in the Chinese market if applicable. Finally, the effect of inflation on the stock value, the stock market can be found on both inhibition and promotion effect of inflation, specific depending on the prevailing economic situation and decide.
Key words: dividend discount price earnings ratio stock value
