How to judge validity

1 How to evaluate the net assets: Many stocks of steel, cement and financial real estate have fallen below the net assets, so how do you know whether it is reasonable or wrong to fall below the net assets? Briefly talk about my personal opinion: First of all, can the net assets be preserved: 1 For example, steel stocks and cement stocks, most of their net assets may be equipment, and these net assets cannot be preserved. On the contrary, they continue to depreciate year by year, so if their long-term profit is not good, their net assets actually decrease year by year, so it is reasonable for them to fall below their net assets sometimes; 2. Reasons for financial stocks falling below net assets: (1) They are big financiers and their growth model is unsustainable, so everyone is not particularly optimistic about their future; (2) The bank's assets contain large amounts of bad debts, so its net assets are overvalued; (3) The bank is too big to pull the market funds, so there is a reason to fall below the net assets; 3. Is it unreasonable for real estate stocks to fall below net assets? That should also be treated differently: for example, although 000926 Fuxing shares fell below the net assets, a considerable part of the net assets are steel and cannot be completely regarded as real estate stocks; For example, 600325 has fallen below its net assets because of its large overseas layout. At present, it seems to be a failure and belongs to unsalable products. It's really hard to say whether it can be profitable. Zhuhai's purchase restriction has a great impact on it, and everyone is not optimistic! As for why 000402 Financial Street, which is similar to Lujiazui, has also fallen below its net assets, there are many reasons: First, the circulation is too large; Second, the development speed is slow, third, the land cost of new projects is high, and fourth, there are not many properties that can be held per share, but they are underestimated! The last thing to say is Dazui: Dazui now holds 6.5438+0.09 million square meters of real estate, all in the core area of Lujiazui. It is valued at 66 billion yuan at the market price (refer to the price of big mouth SN 1 sold to Kangtai and Alibaba), and several million flats are still under construction. Coupled with the expectations of Qiantan and Disney, the high-end properties in Lujiazui will continue to increase. These are low-priced and high-end properties, so the stock price is seriously underestimated! In addition, with the construction of Shanghai financial center, the establishment and maturity of Lujiazui CBD, and with the economic growth of China and the improvement of people's income, the real estate that constitutes Lujiazui's net assets will not depreciate, but will increase in value. In the long run, it is only a matter of time before the average valuation is 654.38+ 10,000 or even 200,000. It's hard to imagine what Lujiazui will look like! !