SZSE: 000776_SZ - GF Securities Co., Ltd.

Price = EPS * (1 + CAGR EPS) / (Key Rate * Excess Key Rate)
EPS = Earning Per Share
CAGR EPS = CAGR 5 EPS
Key Rate — Ключевая ставка
Excess Key Rate — Желаемое превышение ключевой ставки
EPS = 1.11
CAGR EPS = 0
Key Rate = 0.0533
Excess Key Rate = 2
Price = 1.11 * (1 + 0) / (0.0533 * 2) = 10.41