O‘ZBEKISTON KAPITAL BOZORIDA AKSIYALARNING BAHOLANISHI: RIVOJLANAYOTGAN BOZOR KONTEKSTIDA EMPIRIK TAHLIL
DOI:
https://doi.org/10.60078/2026-vol5-iss3-pp135-139Annotasiya
Mazkur tadqiqot O‘zbekiston qimmatli qog‘ozlar bozorida aksiyalarning baholanish mexanizmlarini rivojlanayotgan bozor sharoitida tahlil qilishga bag‘ishlangan. Maqolada Toshkent fond birjasida ro‘yxatdan o‘tgan kompaniyalarning aksiyalari P/E, P/B va dividend daromadliligi kabi nisbiy ko‘rsatkichlar orqali baholangan. Tadqiqot natijalari shuni ko‘rsatdiki, O‘zbekiston aksiyalar bozori rivojlangan bozorlarga nisbatan sezilarli darajada past baholangan, bu esa yuqori mamlakat riski, cheklangan likvidlik va zaif institutsional muhit bilan bog‘liq. Empirik tahlil aksiya narxlari va fundamental ko‘rsatkichlar (ROE, EPS) o‘rtasida kuchli musbat korrelyatsiya mavjudligini aniqladi. Tadqiqot investorlar, emitentlar va regulyatorlar uchun amaliy tavsiyalar bilan yakunlanadi.
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