{"id":215,"date":"2026-09-21T04:56:58","date_gmt":"2026-09-21T04:56:58","guid":{"rendered":"https:\/\/fosstree.com\/?p=215"},"modified":"2026-09-21T05:05:05","modified_gmt":"2026-09-21T05:05:05","slug":"the-complete-guide-to-the-three-major-basic-stock-indicators-pbr-and-how-to-escape-the-stock-market-beginners-trap","status":"publish","type":"post","link":"https:\/\/fosstree.com\/the-complete-guide-to-the-three-major-basic-stock-indicators-pbr-and-how-to-escape-the-stock-market-beginners-trap\/","title":{"rendered":"\uc8fc\uc2dd \uae30\ucd08 \uc9c0\ud45c 3\ub300\uc7a5 PBR \uc644\ubcbd \uc815\ub9ac! \uc8fc\ub9b0\uc774 \ud0c8\ucd9c \uac00\uc774\ub4dc"},"content":{"rendered":"\n
\"\"<\/figure>\n\n\n\n

\uc778\ud130\ub137 \ub274\uc2a4\ub098 \uc99d\uad8c\uc0ac \ub9ac\ud3ec\ud2b8\ub97c \ubcf4\ub2e4 \ubcf4\uba74 PBR 1\ubc30 \ubbf8\ub9cc<\/strong> , \uc800PBR \uc218\ud61c\uc8fc<\/strong>\ub77c\ub294 \ub9d0\uc744 \uc5c4\uccad \ub9ce\uc774 \ubcf4\uac8c \ub429\ub2c8\ub2e4.<\/p>\n\n\n\n

PER<\/a>, ROE\uc640 \ud568\uaed8 \uc8fc\uc2dd \uae30\ucd08 \uc9c0\ud45c 3\ub300\uc7a5\uc73c\ub85c \uaf3d\ud788\ub294 PBR(\uc8fc\uac00\uc21c\uc790\uc0b0\ube44\uc728)<\/strong>, \uac1c\ub150\uc744 \uc644\ubcbd\ud788 \uc774\ud574\ud558\uba74 \uc2dc\uc7a5\uc5d0\uc11c \uc800\ud3c9\uac00\ub41c \uc54c\uc9dc \uc8fc\uc2dd\uc744 \uace0\ub974\ub294 \ub208\uc774 \uc0dd\uae41\ub2c8\ub2e4.<\/p>\n\n\n\n

1. PBR\uc744 \uc54c\uae30 \uc804 \ud544\uc218 \uac1c\ub150: BPS(\uc8fc\ub2f9\uc21c\uc790\uc0b0\uac00\uce58)<\/h2>\n\n\n\n

PBR\uc744 \ub2e8\ubc88\uc5d0 \uc774\ud574\ud558\ub824\uba74 \uba3c\uc800 BPS(Book-value Per Share, \uc8fc\ub2f9\uc21c\uc790\uc0b0\uac00\uce58)\ub77c\ub294 \uac1c\ub150\uc744 \uc54c\uc544\uc57c \ud569\ub2c8\ub2e4.<\/p>\n\n\n\n

\uc27d\uac8c \ub9d0\ud574, “\ud68c\uc0ac\uac00 \ub0b4\uc77c \ub2f9\uc7a5 \uc0ac\uc5c5\uc744 \uc811\uace0 \ubaa8\ub4e0 \uc790\uc0b0\uc744 \ucc98\ubd84\ud574 \ube5a\uc744 \uac1a\uc740 \ub4a4, \ub0a8\uc740 \ub3c8\uc744 \uc8fc\uc8fc\ub4e4\uc5d0\uac8c 1\uc8fc\ub2f9 \ub611\uac19\uc774 \ub098\ub220\uc900\ub2e4\uba74 \uc5bc\ub9c8\ub97c \ubc1b\uc744 \uc218 \uc788\uc744\uae4c?”\ub97c \ub098\ud0c0\ub0b8 \uae08\uc561\uc785\ub2c8\ub2e4.<\/p>\n\n\n\n

    \n
  • \uc21c\uc790\uc0b0 = \ucd1d\uc790\uc0b0 – \ucd1d\ubd80\ucc44<\/strong> (\uc9c4\uc9dc \ud68c\uc0ac\uc758 \uc21c\uc218\ud55c \ubc11\ucc9c)<\/li>\n\n\n\n
  • BPS = \uc21c\uc790\uc0b0 \u00f7 \ubc1c\ud589\uc8fc\uc2dd \ucd1d\uc218<\/strong><\/li>\n<\/ul>\n\n\n\n
    \n

    \uac04\ub2e8\ud55c \uc608\uc2dc<\/strong><\/p>\n\n\n\n

    \uc5b4\ub5a4 \ud68c\uc0ac\uc758 \uc21c\uc790\uc0b0\uc774 100\uc5b5 \uc6d0\uc774\uace0, \ucd1d \uc8fc\uc2dd \uc218\uac00 100\ub9cc \uc8fc\ub77c\uba74?<\/p>\n\n\n\n

    BPS\ub294 10,000\uc6d0<\/strong>\uc785\ub2c8\ub2e4. \ud68c\uc0ac\uac00 \ub9dd\ud574\uc11c \uccad\uc0b0\ud574\ub3c4 \uc8fc\ub2f9 10,000\uc6d0\uc740 \uac74\uc9c8 \uc218 \uc788\ub2e4\ub294 \ub73b\uc785\ub2c8\ub2e4.<\/p>\n<\/blockquote>\n\n\n\n

    2. PBR(\uc8fc\uac00\uc21c\uc790\uc0b0\ube44\uc728)\uc774\ub780?<\/h2>\n\n\n\n
    \"\"<\/figure>\n\n\n\n

    PBR(Price Book-value Ratio)\uc740 \ud604\uc7ac \uc8fc\uac00\uac00 \ud68c\uc0ac\uc758 \uc21c\uc790\uc0b0(BPS)\uc5d0 \ube44\ud574 \uba87 \ubc30 \uac00\uaca9\uc73c\ub85c \uac70\ub798\ub418\uace0 \uc788\ub294\uc9c0\ub97c \ubcf4\uc5ec\uc8fc\ub294 \uc9c0\ud45c\uc785\ub2c8\ub2e4.

    PBR = \ud604\uc7ac\uc8fc\uac00\/BPS<\/strong> \uc778\ub370\uc694.

    \uc27d\uac8c \uc124\uba85\ud574\ubcf4\uba74 [\uc2dc\uac00\ucd1d\uc561\/\uc21c\uc790\uc0b0<\/strong>]\uc774\ub77c\uace0\ub3c4 \ubcfc \uc218 \uc788\uc2b5\ub2c8\ub2e4.<\/p>\n\n\n\n

    \uae30\uc900\uc120\uc740 \uc5b8\uc81c\ub098 ‘1\ubc30’<\/h3>\n\n\n\n
    PBR \uc218\uc900<\/strong><\/td>\uc2dc\uc7a5\uc758 \ud3c9\uac00<\/strong><\/td>\uc758\ubbf8<\/strong><\/td><\/tr><\/thead>
    PBR = 1\ubc30<\/strong><\/td>\uc801\uc815 \uc218\uc900<\/td>\ud604\uc7ac \uc8fc\uac00\uac00 \ud68c\uc0ac\uc758 \uccad\uc0b0 \uac00\uce58\uc640 \uc815\ud655\ud788 \uc77c\uce58\ud568<\/td><\/tr>
    PBR < 1\ubc30<\/strong><\/td>\uc800\ud3c9\uac00 \uad6c\uac04<\/strong><\/td>\ud68c\uc0ac\ub97c \uc9c0\uae08 \ub2f9\uc7a5 \uccad\uc0b0\ud574\uc11c \ud30c\ub294 \ub3c8\ubcf4\ub2e4 \uc8fc\uac00\uac00 \ub354 \uc2fc \uc0c1\ud0dc<\/td><\/tr>
    PBR > 1\ubc30<\/strong><\/td>\ud504\ub9ac\ubbf8\uc5c4 \uad6c\uac04<\/strong><\/td>\ud68c\uc0ac\uc758 \ubbf8\ub798 \uc131\uc7a5\uc131\uc774\ub098 \ubb34\ud615\uc790\uc0b0\uc744 \ub192\uac8c \ud3c9\uac00\ubc1b\ub294 \uc0c1\ud0dc<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

    \ub9cc\uc57d \uc55e\uc120 \uc608\uc2dc\uc758 \ud68c\uc0ac(BPS 10,000\uc6d0) \uc8fc\uac00\uac00 \ud604\uc7ac 7,000\uc6d0\uc5d0 \uac70\ub798\ub418\uace0 \uc788\ub2e4\uba74, PBR\uc740 0.7\ubc30<\/strong>\uc785\ub2c8\ub2e4. \ud68c\uc0ac\ub97c \uacf5\uc911\ubd84\ud574\ud574\uc11c \ud314\uc544\ub3c4 10,000\uc6d0\uc744 \uc8fc\ub294\ub370, \uc2dc\uc7a5\uc5d0\uc11c\ub294 7,000\uc6d0\uc5d0 \ud314\ub9ac\uace0 \uc788\uc73c\ub2c8 \uc7a5\ubd80 \uac00\uce58\ubcf4\ub2e4 \uc800\ub834\ud55c \uc0c1\ud0dc\uc785\ub2c8\ub2e4.<\/p>\n\n\n\n

    3. PBR \ubcfc \ub54c \ube60\uc9c0\uae30 \uc26c\uc6b4 \ud568\uc815 3\uac00\uc9c0<\/h2>\n\n\n\n

    “\uadf8\ub7fc \ubb34\uc870\uac74 PBR 1\ubc30 \ubbf8\ub9cc\uc778 \uc8fc\uc2dd\ub9cc \uc0ac\uba74 \ub3c8 \ubc84\ub294 \uac83 \uc544\ub2cc\uac00\uc694?”\ub77c\uace0 \uc0dd\uac01\ud558\uae30 \uc27d\uc9c0\ub9cc, \uc5ec\uae30\uc5d0\ub294 \uce58\uba85\uc801\uc778 \ud568\uc815\uc774 \uc228\uc5b4 \uc788\uc2b5\ub2c8\ub2e4.<\/p>\n\n\n\n

    \u2460 ‘\ub9cc\ub144 \uc800\ud3c9\uac00(Value Trap)’\uc758 \ub36b<\/h3>\n\n\n\n
    \"\"<\/figure>\n\n\n\n

    PBR\uc774 0.2\ubc30, 0.3\ubc30\ub85c \uadf9\ub2e8\uc801\uc73c\ub85c \ub0ae\uc740 \uae30\uc5c5\ub4e4\uc774 \uc788\uc2b5\ub2c8\ub2e4. \uc2fc \ub370\ub294 \ub2e4 \uc774\uc720\uac00 \uc788\ub294 \uacbd\uc6b0\uac00 \ub9ce\uc2b5\ub2c8\ub2e4.<\/p>\n\n\n\n

      \n
    • \uc0ac\uc5c5 \uad6c\uc870\uac00 \uc0ac\uc591 \uc0b0\uc5c5\uc5d0 \uc18d\ud574 \uc9c0\uc18d\uc801\uc73c\ub85c \uc801\uc790\uac00 \ub098\ub294 \uacbd\uc6b0<\/li>\n\n\n\n
    • \ub300\uc8fc\uc8fc\uac00 \uc8fc\uac00 \uc0c1\uc2b9\uc774\ub098 \uc8fc\uc8fc\ud658\uc6d0(\ubc30\ub2f9, \uc790\uc0ac\uc8fc \uc18c\uac01 \ub4f1)\uc5d0 \uc804\ud600 \uad00\uc2ec\uc774 \uc5c6\ub294 \uacbd\uc6b0<\/li>\n\n\n\n
    • \uc7a5\ubd80\uc0c1 \uc790\uc0b0(\uc624\ub798\ub41c \uacf5\uc7a5, \uc7ac\uace0 \ub4f1)\uc758 \uc2e4\uc81c \uac00\uce58\uac00 \uc7a5\ubd80\ubcf4\ub2e4 \ud604\uc800\ud788 \ub5a8\uc5b4\uc838 \uc788\ub294 \uacbd\uc6b0<\/li>\n<\/ul>\n\n\n\n

      \u2461 \uc5c5\uc885\ubcc4 \ud2b9\uc131\uc744 \ubb34\uc2dc\ud55c \ub2e8\uc21c \ube44\uad50<\/h3>\n\n\n\n
      \"\"<\/figure>\n\n\n\n

      \uc5c5\uc885\uc5d0 \ub530\ub77c \ud3c9\uade0 PBR \uc218\uc900\uc740 \uc644\uc804\ud788 \ub2e4\ub985\ub2c8\ub2e4.<\/p>\n\n\n\n

        \n
      • \uc804\ud1b5 \uc81c\uc870\uc5c5, \ucca0\uac15, \uc740\ud589, \ubcf4\ud5d8, \uc9c0\uc8fc\uc0ac:<\/strong> \uae30\uacc4, \uac74\ubb3c, \ud604\uae08 \ub4f1 \uc720\ud615 \uc790\uc0b0 \ube44\uc911\uc774 \ub192\uc544 PBR\uc774 \ub300\uccb4\ub85c 0.3~0.8\ubc30 \uc218\uc900<\/strong>\uc5d0 \ud615\uc131\ub429\ub2c8\ub2e4.<\/li>\n\n\n\n
      • \ube45\ud14c\ud06c, \ubc14\uc774\uc624, \uc5d4\ud130\ud14c\uc778\uba3c\ud2b8, \uac8c\uc784:<\/strong> \uacf5\uc7a5\uc774\ub098 \ud1a0\uc9c0\ubcf4\ub2e4\ub294 \ud2b9\ud5c8, IP(\uc9c0\uc2dd\uc7ac\uc0b0\uad8c), \uac1c\ubc1c \uc778\ub825 \ub4f1 \uc7a5\ubd80\uc5d0 \uc548 \uc7a1\ud788\ub294 \ubb34\ud615 \uc790\uc0b0\uc774 \ud575\uc2ec\uc774\ubbc0\ub85c PBR\uc774 3\ubc30~10\ubc30\ub97c \ud6cc\uca4d \ub118\ub294 \uacbd\uc6b0<\/strong>\uac00 \ud754\ud569\ub2c8\ub2e4.<\/li>\n<\/ul>\n\n\n\n

        \u2462 \ubc18\ub4dc\uc2dc ROE(\uc790\uae30\uc790\ubcf8\uc774\uc775\ub960)\uc640 \uc9dd\uafcd\uc73c\ub85c \ubcfc \uac83<\/h3>\n\n\n\n
        \"\"<\/figure>\n\n\n\n

        PBR\uc740 ‘\ud604\uc7ac \uac00\uc9c4 \uc7ac\uc0b0’\ub9cc \ubcf4\uc5ec\uc904 \ubfd0, ‘\uc55e\uc73c\ub85c \ub3c8\uc744 \uc5bc\ub9c8\ub098 \uc798 \ubc8c\uc9c0’\ub294 \uc54c\ub824\uc8fc\uc9c0 \ubabb\ud569\ub2c8\ub2e4.<\/p>\n\n\n\n

          \n
        • \uc544\ubb34\ub9ac \uc7ac\uc0b0\uc774 \ub9ce\uc544\ub3c4(\uc800PBR) \uadf8 \ub3c8\uc73c\ub85c \uc740\ud589 \uc774\uc790 \uc218\uc900\ub3c4 \ubabb \ubc88\ub2e4\uba74 \uc2dc\uc7a5\uc5d0\uc11c \ub300\uc811\ubc1b\uc9c0 \ubabb\ud569\ub2c8\ub2e4.<\/li>\n\n\n\n
        • \uc790\ubcf8\uc744 \uad74\ub824 \uc21c\uc774\uc775\uc744 \ucc3d\ucd9c\ud558\ub294 \ud6a8\uc728\uc131 \uc9c0\ud45c\uc778 ROE\uac00 \ub192\uc73c\uba74\uc11c PBR\uc774 \ub0ae\uc740 \uc885\ubaa9<\/strong>\uc744 \ucc3e\uc544\uc57c \uc9c4\uc9dc \uc54c\uc9dc \uc800\ud3c9\uac00\uc8fc\ub97c \ubc1c\uad74\ud560 \uc218 \uc788\uc2b5\ub2c8\ub2e4.<\/li>\n<\/ul>\n\n\n\n

          4. \uc2e4\uc804 \ud22c\uc790\uc790\ub97c \uc704\ud55c \uc694\uc57d \uac00\uc774\ub4dc<\/h2>\n\n\n\n

          \uc885\ubaa9\uc744 \ubd84\uc11d\ud560 \ub54c\ub294 \ub2e4\uc74c 3\ub2e8\uacc4 \uc21c\uc11c\ub85c PBR\uc744 \uc810\uac80\ud574 \ubcf4\uc138\uc694.<\/p>\n\n\n\n

            \n
          1. \ub3d9\uc885 \uc5c5\uacc4 \ud3c9\uade0\uacfc \ube44\uad50\ud558\uae30:<\/strong> \uac19\uc740 \uc5c5\uc885 \ub0b4 \ub2e4\ub978 \uae30\uc5c5\ub4e4\uc758 \ud3c9\uade0 PBR\ubcf4\ub2e4 \uc720\ub3c5 \ub0ae\ub2e4\uba74 \uadf8 \uc6d0\uc778\uc744 \ud30c\uc545\ud569\ub2c8\ub2e4.<\/li>\n\n\n\n
          2. \uc790\uc0b0\uc758 \uc9c8 \ud655\uc778\ud558\uae30:<\/strong> \uc790\uc0b0 \ud56d\ubaa9 \uc911 \ud604\uae08\uc131 \uc790\uc0b0\uc774\ub098 \uc54c\uc9dc \ubd80\ub3d9\uc0b0 \ube44\uc911\uc774 \ub192\uc740\uc9c0, \ud314\ub9ac\uc9c0 \uc54a\ub294 \uc545\uc131 \uc7ac\uace0\uac00 \uc313\uc5ec \uc788\ub294\uc9c0 \uc0b4\ud3b4\ubd05\ub2c8\ub2e4.<\/li>\n\n\n\n
          3. \uc8fc\uc8fc\ud658\uc6d0 \uc758\uc9c0 \uccb4\ud06c:<\/strong> \ubc30\ub2f9 \uc131\ud5a5\uc774 \ub192\uac70\ub098 \uc790\uc0ac\uc8fc \ub9e4\uc785\/\uc18c\uac01\uc744 \ud65c\ubc1c\ud788 \ucd94\uc9c4\ud558\ub294\uc9c0 \ud655\uc778\ud558\uc5ec \uc800\ud3c9\uac00\uac00 \ud574\uc18c\ub420 \ub3d9\ub825(\ubaa8\uba58\ud140)\uc774 \uc788\ub294\uc9c0 \uac80\ud1a0\ud569\ub2c8\ub2e4.<\/li>\n<\/ol>\n","protected":false},"excerpt":{"rendered":"

            \uc778\ud130\ub137 \ub274\uc2a4\ub098 \uc99d\uad8c\uc0ac \ub9ac\ud3ec\ud2b8\ub97c \ubcf4\ub2e4 \ubcf4\uba74 PBR 1\ubc30 \ubbf8\ub9cc , \uc800PBR \uc218\ud61c\uc8fc\ub77c\ub294 \ub9d0\uc744 \uc5c4\uccad \ub9ce\uc774 \ubcf4\uac8c \ub429\ub2c8\ub2e4. PER, ROE\uc640 \ud568\uaed8 […]<\/p>\n","protected":false},"author":1,"featured_media":224,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[5],"tags":[],"class_list":["post-215","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-5"],"_links":{"self":[{"href":"https:\/\/fosstree.com\/wp-json\/wp\/v2\/posts\/215","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/fosstree.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/fosstree.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/fosstree.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/fosstree.com\/wp-json\/wp\/v2\/comments?post=215"}],"version-history":[{"count":4,"href":"https:\/\/fosstree.com\/wp-json\/wp\/v2\/posts\/215\/revisions"}],"predecessor-version":[{"id":233,"href":"https:\/\/fosstree.com\/wp-json\/wp\/v2\/posts\/215\/revisions\/233"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/fosstree.com\/wp-json\/wp\/v2\/media\/224"}],"wp:attachment":[{"href":"https:\/\/fosstree.com\/wp-json\/wp\/v2\/media?parent=215"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/fosstree.com\/wp-json\/wp\/v2\/categories?post=215"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/fosstree.com\/wp-json\/wp\/v2\/tags?post=215"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}