光大证券：家电板块估值低于历史均值，板块配置价值上升

格隆汇3月8日丨光大证券认为，展望2022Q1，家电板块的利空逐渐钝化+估值偏低，较好的配置时点逐渐临近。利空钝化：原材料价格开启下行通道，叠加基数上升，2022年上游成本压力边际递减。估值偏低：核心家电股整体PE相对大盘的估值回落至历史均值附近。配置价值上升：过去16年的经验表明Q4至次年Q1是胜率较高时段。

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