{"provider_name":"Hatena Blog","html":"<iframe src=\"https://hatenablog-parts.com/embed?url=https%3A%2F%2Fkyorosukeke.hatenablog.com%2Fentry%2F2026%2F01%2F12%2F131910\" title=\"\u30b5\u30b9\u30c6\u30a3\u30ca\u30d6\u30eb\u6210\u9577\u7387\u3068PER\u62e1\u5927\u306b\u3088\u308b\u682a\u4fa1\u4e0a\u6607\u30e1\u30ab\u30cb\u30ba\u30e0 - \u3068\u3042\u308b\u6295\u8cc7\u5bb6\u306e\u5b66\u7fd2\u5e33\" class=\"embed-card embed-blogcard\" scrolling=\"no\" frameborder=\"0\" style=\"display: block; width: 100%; height: 190px; max-width: 500px; margin: 10px 0px;\"></iframe>","blog_title":"\u3068\u3042\u308b\u6295\u8cc7\u5bb6\u306e\u5b66\u7fd2\u5e33","image_url":null,"title":"\u30b5\u30b9\u30c6\u30a3\u30ca\u30d6\u30eb\u6210\u9577\u7387\u3068PER\u62e1\u5927\u306b\u3088\u308b\u682a\u4fa1\u4e0a\u6607\u30e1\u30ab\u30cb\u30ba\u30e0","published":"2026-01-12 13:19:10","blog_url":"https://kyorosukeke.hatenablog.com/","provider_url":"https://hatena.blog","height":"190","type":"rich","author_name":"kyorosukeke","categories":[],"width":"100%","description":"\u30b5\u30b9\u30c6\u30a3\u30ca\u30d6\u30eb\u6210\u9577\u7387\u3068PER\u62e1\u5927\u306b\u3088\u308b\u682a\u4fa1\u4e0a\u6607\u30e1\u30ab\u30cb\u30ba\u30e0 \u30b5\u30b9\u30c6\u30a3\u30ca\u30d6\u30eb\u6210\u9577\u7387\uff08Sustainable Growth Rate, SGR\uff09\u304c\u4f4e\u4f4d\u306a\u30d3\u30b8\u30cd\u30b9\u3067\u3042\u3063\u3066\u3082\u30015\u5e74\u306710\u500d\u7d1a\u306e\u682a\u4fa1\u4e0a\u6607\u304c\u5b9f\u73fe\u3059\u308b\u4e8b\u4f8b\u306f\u73cd\u3057\u304f\u306a\u3044\u3002\u3053\u306e\u73fe\u8c61\u306e\u80cc\u5f8c\u306b\u306f\u3001EPS\u6210\u9577\u3068PER\uff08\u682a\u4fa1\u53ce\u76ca\u7387\uff09\u62e1\u5927\u3068\u3044\u3046\u4e8c\u3064\u306e\u72ec\u7acb\u3057\u305f\u682a\u4fa1\u5f62\u6210\u8981\u7d20\u304c\u5b58\u5728\u3057\u3001\u7279\u306bPER\u62e1\u5927\u304c\u5bc4\u4e0e\u3059\u308b\u6bd4\u7387\u306f\u8efd\u8996\u3067\u304d\u306a\u3044\u6c34\u6e96\u306b\u9054\u3059\u308b\u3002 SGR\u306e\u5236\u7d04\u3068PER\u62e1\u5927\u306e\u88dc\u5b8c\u6a5f\u80fd SGR\u306f\u300cROE\u00d7 (1 - \u914d\u5f53\u6027\u5411)\u300d\u3067\u5b9a\u7fa9\u3055\u308c\u3001\u4f01\u696d\u304c\u5916\u90e8\u8cc7\u91d1\u8abf\u9054\u306a\u3057\u306b\u9054\u6210\u53ef\u80fd\u306a\u5185\u90e8\u7559\u4fdd\u30d9\u30fc\u30b9\u306e\u6210\u9577\u7387\u3092\u8868\u3059\u3002\u4eee\u306bROE 20%\u3001\u914d\u5f53\u6027\u54110%\uff08\u5b8c\u5168\u5185\u90e8\u7559\u4fdd\uff09\u306e\u4f01\u696d\u3067\u306f\u3001SGR = \u2026","url":"https://kyorosukeke.hatenablog.com/entry/2026/01/12/131910","version":"1.0","author_url":"https://blog.hatena.ne.jp/kyorosukeke/"}