<p>以 24.4 倍的市盈率（&#34;P/E&#34;）来看，<strong>联合利华 PLC</strong>（LON:ULVR）目前可能发出了非常悲观的信号，因为几乎一半的英国公司市盈率低于 15 倍，甚至低于 8 倍的市盈率也并不罕见。不过，仅仅将市盈率表面化是不明智的，因为可能有解释说明其如此高的原因。</p>
<p>我们发现了关于联合利华的 <strong>1 个警告信号</strong>。可以免费查看。</p>
<p>联合利华的表现可能更好，因为其盈利最近一直在下滑，而大多数其他公司则在实现盈利增长。可能许多人预计悲观的盈利表现会大幅恢复，这使得市盈率没有崩溃。如果不是这样，那么现有股东可能会对股价的可持续性感到极度紧张。</p>
<p>查看我们对联合利华的最新分析</p>
<p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/asset/chart/523191-pe-multiple-vs-industry-1-dark/1744978526379?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://images.simplywall.st/asset/chart/523191-pe-multiple-vs-industry-1-dark/1744978526379"/></p>
<p>LSE:ULVR 市盈率与行业比较 2025 年 4 月 18 日</p>
<p>想知道分析师如何看待联合利华的未来与行业的对比吗？那么，我们的 <strong>免费</strong> 报告是一个很好的起点。</p>
<h2>联合利华的增长趋势如何？</h2>
<p>为了证明其市盈率的合理性，联合利华需要实现远超市场的卓越增长。</p>
<p>回顾过去一年，公司净利润下降了令人沮丧的 11%。过去三年的表现也不理想，公司整体每股收益下降了 1.1%。因此，不幸的是，我们必须承认公司在这段时间内未能有效地实现盈利增长。</p>
<p>展望未来，覆盖该公司的分析师预计未来三年每年盈利将增长 12%。这显然低于更广泛市场预计的每年 16% 的增长。</p>
<p>鉴于此，联合利华的市盈率高于大多数其他公司令人担忧。显然，许多投资者对该公司的看法远比分析师所表明的乐观，并且不愿意以任何价格抛售他们的股票。只有最勇敢的人才会认为这些价格是可持续的，因为这种盈利增长水平最终可能会对股价产生重大压力。</p>
<h2>关于联合利华市盈率的结论</h2>
<p>通常情况下，我们会警告在做出投资决策时不要过于解读市盈率，尽管它可以揭示其他市场参与者对公司的看法。</p>
<p>我们对联合利华分析师预测的审查显示，其较差的盈利前景并没有像我们预期的那样对其高市盈率产生太大影响。当我们看到盈利前景疲弱且增长速度低于市场时，我们怀疑股价面临下跌风险，从而使高市盈率降低。这使得股东的投资面临重大风险，潜在投资者可能会支付过高的溢价。</p>
<p>我们不想过于泼冷水，但我们确实发现了关于联合利华的 <strong>1 个警告信号</strong>，你需要注意。</p>
<p>重要的是要 <strong>确保你寻找的是一家优秀的公司，而不仅仅是你遇到的第一个想法。</strong> 所以请查看这份 <strong>免费</strong> 的有趣公司名单，这些公司最近的盈利增长强劲且市盈率较低。</p>
<p>如果你打算交易联合利华，请在专业人士信赖的最低成本平台上开设账户，Interactive Brokers。</p>
<p>IBKR 在 200 多个国家和地区拥有客户，并可访问 160 个市场，让你可以通过一个集成账户交易股票、期权、期货、外汇、债券和基金。</p>
<p>享受无隐藏费用、无账户最低限额，外汇转换率低至 0.03%，远低于大多数经纪商提供的水平。</p>
<p>赞助内容</p>

联合利华

<p>联合利华（Unilever PLC，伦敦证券交易所代码：ULVR）正面临看跌信号，其市盈率高达 24.4 倍，而英国平均市盈率低于 15 倍。该公司的收益在过去一年中下降了 11%，在三年内下降了 1.1%，这引发了对其增长潜力的担忧。分析师预测未来三年收益年增长率为 12%，低于市场的 16% 预测。这一差异表明，联合利华的高市盈率可能不可持续，这使得现有股东面临风险，并暗示新投资者可能存在高估的风险</p>

<p>With a price-to-earnings (or &#34;P/E&#34;) ratio of 24.4x <strong>Unilever PLC</strong> (LON:ULVR) may be sending very bearish signals at the moment, given that almost half of all companies in the United Kingdom have P/E ratios under 15x and even P/E's lower than 8x are not unusual. Although, it's not wise to just take the P/E at face value as there may be an explanation why it's so lofty.</p>
<div class="lb-trans"><p>以 24.4 倍的市盈率（&#34;P/E&#34;）来看，<strong>联合利华 PLC</strong>（LON:ULVR）目前可能发出了非常悲观的信号，因为几乎一半的英国公司市盈率低于 15 倍，甚至低于 8 倍的市盈率也并不罕见。不过，仅仅将市盈率表面化是不明智的，因为可能有解释说明其如此高的原因。</p>
</div><p>We've discovered <strong>1 warning sign</strong> about Unilever. View them for free.</p>
<div class="lb-trans"><p>我们发现了关于联合利华的 <strong>1 个警告信号</strong>。可以免费查看。</p>
</div><p>Unilever could be doing better as its earnings have been going backwards lately while most other companies have been seeing positive earnings growth. It might be that many expect the dour earnings performance to recover substantially, which has kept the P/E from collapsing. If not, then existing shareholders may be extremely nervous about the viability of the share price.</p>
<div class="lb-trans"><p>联合利华的表现可能更好，因为其盈利最近一直在下滑，而大多数其他公司则在实现盈利增长。可能许多人预计悲观的盈利表现会大幅恢复，这使得市盈率没有崩溃。如果不是这样，那么现有股东可能会对股价的可持续性感到极度紧张。</p>
</div><p>Check out our latest analysis for Unilever</p>
<div class="lb-trans"><p>查看我们对联合利华的最新分析</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/asset/chart/523191-pe-multiple-vs-industry-1-dark/1744978526379" alt="" original-src="https://images.simplywall.st/asset/chart/523191-pe-multiple-vs-industry-1-dark/1744978526379"/></p>
<p>LSE:ULVR Price to Earnings Ratio vs Industry April 18th 2025</p>
<div class="lb-trans"><p>LSE:ULVR 市盈率与行业比较 2025 年 4 月 18 日</p>
</div><p>Keen to find out how analysts think Unilever's future stacks up against the industry? In that case, our <strong>free</strong> report is a great place to start.</p>
<div class="lb-trans"><p>想知道分析师如何看待联合利华的未来与行业的对比吗？那么，我们的 <strong>免费</strong> 报告是一个很好的起点。</p>
</div><h2>How Is Unilever's Growth Trending?</h2>
<div class="lb-trans"><h2>联合利华的增长趋势如何？</h2>
</div><p>In order to justify its P/E ratio, Unilever would need to produce outstanding growth well in excess of the market.</p>
<div class="lb-trans"><p>为了证明其市盈率的合理性，联合利华需要实现远超市场的卓越增长。</p>
</div><p>Retrospectively, the last year delivered a frustrating 11% decrease to the company's bottom line. The last three years don't look nice either as the company has shrunk EPS by 1.1% in aggregate. So unfortunately, we have to acknowledge that the company has not done a great job of growing earnings over that time.</p>
<div class="lb-trans"><p>回顾过去一年，公司净利润下降了令人沮丧的 11%。过去三年的表现也不理想，公司整体每股收益下降了 1.1%。因此，不幸的是，我们必须承认公司在这段时间内未能有效地实现盈利增长。</p>
</div><p>Shifting to the future, estimates from the analysts covering the company suggest earnings should grow by 12% per year over the next three years. That's shaping up to be materially lower than the 16% per year growth forecast for the broader market.</p>
<div class="lb-trans"><p>展望未来，覆盖该公司的分析师预计未来三年每年盈利将增长 12%。这显然低于更广泛市场预计的每年 16% 的增长。</p>
</div><p>In light of this, it's alarming that Unilever's P/E sits above the majority of other companies. Apparently many investors in the company are way more bullish than analysts indicate and aren't willing to let go of their stock at any price. Only the boldest would assume these prices are sustainable as this level of earnings growth is likely to weigh heavily on the share price eventually.</p>
<div class="lb-trans"><p>鉴于此，联合利华的市盈率高于大多数其他公司令人担忧。显然，许多投资者对该公司的看法远比分析师所表明的乐观，并且不愿意以任何价格抛售他们的股票。只有最勇敢的人才会认为这些价格是可持续的，因为这种盈利增长水平最终可能会对股价产生重大压力。</p>
</div><h2>The Bottom Line On Unilever's P/E</h2>
<div class="lb-trans"><h2>关于联合利华市盈率的结论</h2>
</div><p>Typically, we'd caution against reading too much into price-to-earnings ratios when settling on investment decisions, though it can reveal plenty about what other market participants think about the company.</p>
<div class="lb-trans"><p>通常情况下，我们会警告在做出投资决策时不要过于解读市盈率，尽管它可以揭示其他市场参与者对公司的看法。</p>
</div><p>Our examination of Unilever's analyst forecasts revealed that its inferior earnings outlook isn't impacting its high P/E anywhere near as much as we would have predicted. When we see a weak earnings outlook with slower than market growth, we suspect the share price is at risk of declining, sending the high P/E lower. This places shareholders' investments at significant risk and potential investors in danger of paying an excessive premium.</p>
<div class="lb-trans"><p>我们对联合利华分析师预测的审查显示，其较差的盈利前景并没有像我们预期的那样对其高市盈率产生太大影响。当我们看到盈利前景疲弱且增长速度低于市场时，我们怀疑股价面临下跌风险，从而使高市盈率降低。这使得股东的投资面临重大风险，潜在投资者可能会支付过高的溢价。</p>
</div><p>We don't want to rain on the parade too much, but we did also find <strong>1 warning sign for Unilever</strong> that you need to be mindful of.</p>
<div class="lb-trans"><p>我们不想过于泼冷水，但我们确实发现了关于联合利华的 <strong>1 个警告信号</strong>，你需要注意。</p>
</div><p>It's important to <strong>make sure you look for a great company, not just the first idea you come across.</strong> So take a peek at this <strong>free</strong> list of interesting companies with strong recent earnings growth (and a low P/E).</p>
<div class="lb-trans"><p>重要的是要 <strong>确保你寻找的是一家优秀的公司，而不仅仅是你遇到的第一个想法。</strong> 所以请查看这份 <strong>免费</strong> 的有趣公司名单，这些公司最近的盈利增长强劲且市盈率较低。</p>
</div><p>If you're looking to trade Unilever, open an account with the lowest-cost platform trusted by professionals, Interactive Brokers.</p>
<div class="lb-trans"><p>如果你打算交易联合利华，请在专业人士信赖的最低成本平台上开设账户，Interactive Brokers。</p>
</div><p>With clients in over 200 countries and territories, and access to 160 markets, IBKR lets you trade stocks, options, futures, forex, bonds and funds from a single integrated account.</p>
<div class="lb-trans"><p>IBKR 在 200 多个国家和地区拥有客户，并可访问 160 个市场，让你可以通过一个集成账户交易股票、期权、期货、外汇、债券和基金。</p>
</div><p>Enjoy no hidden fees, no account minimums, and FX conversion rates as low as 0.03%, far better than what most brokers offer.</p>
<div class="lb-trans"><p>享受无隐藏费用、无账户最低限额，外汇转换率低至 0.03%，远低于大多数经纪商提供的水平。</p>
</div><p>Sponsored Content</p>
<div class="lb-trans"><p>赞助内容</p>
</div>

联合利华公司（LON:ULVR）的股东可能正在寻找退出的机会