Let's look for a representative enterprise, such as a medical beauty company with a valuation of 73.4 billion. In fact, up to now, this company has reached 654.38+02 billion. PE is currently 197 times. The PE of a normal company is actually only about 20 times. How does PE understand? If the performance of this company is like this every year, it takes 197 to double the holding of this stock. Of course, the stock market doesn't see it that way. This is another topic.

Let's look at another company, with a market value of 654.38+04 billion and a PE of PE207 times. Even for companies with small market capitalization, PE is 35 1 times. These data all show that the valuations of medical beauty companies are very high now.

Why are the valuations of these medical beauty companies so high? Where is the speculative logic of the market?

1, because medical beauty has the dual logic of medical treatment and consumption, it is highly certain. From the company's R&D pipeline and product market share, we can calculate the market space in the corresponding field, and then give a valuation, which can predict their future.

2, the popularity of consumption concept, according to the survey, one out of every five girls in first-tier cities has done medical beauty projects. At present, the size of the formal medical beauty market is close to 200 billion RMB, and it still maintains an annual growth rate of more than 20%. Second-and third-tier cities are developing faster than first-tier cities.

Usually, we can often see on the group purchase e-commerce platform that a basic beauty package product can be carried out at a very cheap price.

For the hospital, once you come, not only will there be repurchases of the same products, but there will also be more products. It is precisely because of these logics that the medical beauty industry will be fired to such a high valuation. Of course, all the so-called logic in the capital market is just a reason to support funds. Don't build inexplicable beliefs for yourself. In the capital market, simple beliefs can make you rich and make you zero.

This is my opinion.