<p>被动投资于指数基金可以产生大致与整体市场相匹配的回报。但根据我们的经验，购买正确的股票可以显著提升你的财富。例如，<strong>艾默生电气</strong>（NYSE:EMR）在过去五年中的股价上涨了 90%，略高于市场回报。值得一提的是，该股票在一年内上涨了 8.1%。</p>
<p>因此，让我们评估过去五年的基本面，看看它们是否与股东回报同步变化。</p>
<p>人工智能即将改变医疗保健。这 20 只股票正在从早期诊断到药物发现等各个方面进行工作。最棒的是——它们的市值都在 100 亿美元以下——现在仍然有机会提前布局。</p>
<p>尽管有效市场假说仍然被一些人教授，但市场被证明是过度反应的动态系统，投资者并不总是理性。考虑市场对公司认知变化的一种不完美但简单的方法是比较每股收益（EPS）的变化与股价变动。</p>
<p>在五年的股价增长期间，艾默生电气的每股收益实际上每年下降了 0.2%。</p>
<p>因此，很难说每股收益是评判公司的最佳指标，因为此时可能并未优化利润。因此，值得关注其他指标，以尝试理解股价变动。</p>
<p>1.8% 的温和股息收益率不太可能支撑股价。每年 0.3% 的收入减少并不是一个积极的信号。股价上涨确实让我们感到惊讶，但也许更仔细地审视数据会带来答案。</p>
<p>你可以在下面看到收益和收入随时间的变化（点击图片可以发现确切的数值）。</p>
<p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/asset/chart/269231-earnings-and-revenue-growth-1-dark-2/1748605981725?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/269231-earnings-and-revenue-growth-1-dark-2/1748605981725"/></p>
<p>NYSE:EMR 收益和收入增长 2025 年 5 月 30 日</p>
<p>艾默生电气是一只知名股票，拥有大量分析师覆盖，表明对未来增长有一定的可见性。如果你考虑购买或出售艾默生电气的股票，应该查看这份 <strong>免费</strong> 报告，显示分析师对未来利润的共识预期。</p>
<p><img src="https://imageproxy.pbkrs.com/https://media.simplywall.st/news/1748322310639-Valuation_banner.png?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://media.simplywall.st/news/1748322310639-Valuation_banner.png"/></p>
<h2>股息情况如何？</h2>
<p>考虑任何给定股票的总股东回报以及股价回报是非常重要的。股价回报仅反映股价的变化，而总股东回报（TSR）则包括股息的价值（假设它们被再投资）以及任何折扣资本筹集或分拆的好处。可以说，TSR 提供了股票产生回报的更全面的图景。我们注意到，艾默生电气在过去五年的 TSR 为 112%，这比上述的股价回报要好。公司支付的股息因此提升了_总_股东回报。</p>
<h2>不同的视角</h2>
<p>艾默生电气的股东今年上涨了 10%（包括股息）。但这一回报低于市场。从积极的一面来看，长期回报（约为每年 16%，持续了五年）看起来更好。尽管股价上涨放缓，但企业仍然可能继续出色地执行。长期跟踪股价表现总是很有趣。但要更好地理解艾默生电气，我们需要考虑许多其他因素。举个例子：我们发现了 <strong>艾默生电气的 2 个警示信号</strong>，你应该注意。</p>
<p>如果你和我一样，那么你 <strong>不</strong> 想错过这份 <strong>免费</strong> 的被低估的小型股名单，内部人士正在购买。</p>
<p><em>请注意，本文中引用的市场回报反映了目前在美国交易所交易的股票的市场加权平均回报。</em></p>

艾默生电气

<p>艾默生电气（NYSE:EMR）股东在过去五年中实现了 16% 的年复合增长率，股价上涨了 90%，略高于市场回报。然而，每股收益年均下降 0.2%，收入也下降了 0.3%。五年的总股东回报率（TSR）为 112%，得益于分红。尽管今年回报率为 10%，但仍落后于市场。分析师指出，尽管股价上涨的势头减缓，但公司的基本面值得进一步审视，包括需要考虑的两个警示信号</p>

<p>Passive investing in index funds can generate returns that roughly match the overall market. But in our experience, buying the right stocks can give your wealth a significant boost. For example, the <strong>Emerson Electric Co.</strong> (NYSE:EMR) share price is up 90% in the last five years, slightly above the market return. It's also good to see that the stock is up 8.1% in a year.</p>
<div class="lb-trans"><p>被动投资于指数基金可以产生大致与整体市场相匹配的回报。但根据我们的经验，购买正确的股票可以显著提升你的财富。例如，<strong>艾默生电气</strong>（NYSE:EMR）在过去五年中的股价上涨了 90%，略高于市场回报。值得一提的是，该股票在一年内上涨了 8.1%。</p>
</div><p>So let's assess the underlying fundamentals over the last 5 years and see if they've moved in lock-step with shareholder returns.</p>
<div class="lb-trans"><p>因此，让我们评估过去五年的基本面，看看它们是否与股东回报同步变化。</p>
</div><p>AI is about to change healthcare. These 20 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10bn in marketcap - there is still time to get in early.</p>
<div class="lb-trans"><p>人工智能即将改变医疗保健。这 20 只股票正在从早期诊断到药物发现等各个方面进行工作。最棒的是——它们的市值都在 100 亿美元以下——现在仍然有机会提前布局。</p>
</div><p>While the efficient markets hypothesis continues to be taught by some, it has been proven that markets are over-reactive dynamic systems, and investors are not always rational. One imperfect but simple way to consider how the market perception of a company has shifted is to compare the change in the earnings per share (EPS) with the share price movement.</p>
<div class="lb-trans"><p>尽管有效市场假说仍然被一些人教授，但市场被证明是过度反应的动态系统，投资者并不总是理性。考虑市场对公司认知变化的一种不完美但简单的方法是比较每股收益（EPS）的变化与股价变动。</p>
</div><p>During five years of share price growth, Emerson Electric actually saw its EPS drop 0.2% per year.</p>
<div class="lb-trans"><p>在五年的股价增长期间，艾默生电气的每股收益实际上每年下降了 0.2%。</p>
</div><p>So it's hard to argue that the earnings per share are the best metric to judge the company, as it may not be optimized for profits at this point. Therefore, it's worth taking a look at other metrics to try to understand the share price movements.</p>
<div class="lb-trans"><p>因此，很难说每股收益是评判公司的最佳指标，因为此时可能并未优化利润。因此，值得关注其他指标，以尝试理解股价变动。</p>
</div><p>The modest 1.8% dividend yield is unlikely to be propping up the share price. The revenue reduction of 0.3% per year is not a positive. It certainly surprises us that the share price is up, but perhaps a closer examination of the data will yield answers.</p>
<div class="lb-trans"><p>1.8% 的温和股息收益率不太可能支撑股价。每年 0.3% 的收入减少并不是一个积极的信号。股价上涨确实让我们感到惊讶，但也许更仔细地审视数据会带来答案。</p>
</div><p>You can see below how earnings and revenue have changed over time (discover the exact values by clicking on the image).</p>
<div class="lb-trans"><p>你可以在下面看到收益和收入随时间的变化（点击图片可以发现确切的数值）。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/asset/chart/269231-earnings-and-revenue-growth-1-dark-2/1748605981725" alt="" original-src="https://images.simplywall.st/asset/chart/269231-earnings-and-revenue-growth-1-dark-2/1748605981725"/></p>
<p>NYSE:EMR Earnings and Revenue Growth May 30th 2025</p>
<div class="lb-trans"><p>NYSE:EMR 收益和收入增长 2025 年 5 月 30 日</p>
</div><p>Emerson Electric is a well known stock, with plenty of analyst coverage, suggesting some visibility into future growth. If you are thinking of buying or selling Emerson Electric stock, you should check out this <strong>free</strong> report showing analyst consensus estimates for future profits.</p>
<div class="lb-trans"><p>艾默生电气是一只知名股票，拥有大量分析师覆盖，表明对未来增长有一定的可见性。如果你考虑购买或出售艾默生电气的股票，应该查看这份 <strong>免费</strong> 报告，显示分析师对未来利润的共识预期。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://media.simplywall.st/news/1748322310639-Valuation_banner.png" alt="" original-src="https://media.simplywall.st/news/1748322310639-Valuation_banner.png"/></p>
<h2>What About Dividends?</h2>
<div class="lb-trans"><h2>股息情况如何？</h2>
</div><p>It is important to consider the total shareholder return, as well as the share price return, for any given stock. Whereas the share price return only reflects the change in the share price, the TSR includes the value of dividends (assuming they were reinvested) and the benefit of any discounted capital raising or spin-off. Arguably, the TSR gives a more comprehensive picture of the return generated by a stock. We note that for Emerson Electric the TSR over the last 5 years was 112%, which is better than the share price return mentioned above. The dividends paid by the company have thusly boosted the <em>total</em> shareholder return.</p>
<div class="lb-trans"><p>考虑任何给定股票的总股东回报以及股价回报是非常重要的。股价回报仅反映股价的变化，而总股东回报（TSR）则包括股息的价值（假设它们被再投资）以及任何折扣资本筹集或分拆的好处。可以说，TSR 提供了股票产生回报的更全面的图景。我们注意到，艾默生电气在过去五年的 TSR 为 112%，这比上述的股价回报要好。公司支付的股息因此提升了_总_股东回报。</p>
</div><h2>A Different Perspective</h2>
<div class="lb-trans"><h2>不同的视角</h2>
</div><p>Emerson Electric shareholders are up 10% for the year (even including dividends). But that return falls short of the market. On the bright side, the longer term returns (running at about 16% a year, over half a decade) look better. It's quite possible the business continues to execute with prowess, even as the share price gains are slowing. It's always interesting to track share price performance over the longer term. But to understand Emerson Electric better, we need to consider many other factors. Case in point: We've spotted <strong>2 warning signs for Emerson Electric</strong> you should be aware of.</p>
<div class="lb-trans"><p>艾默生电气的股东今年上涨了 10%（包括股息）。但这一回报低于市场。从积极的一面来看，长期回报（约为每年 16%，持续了五年）看起来更好。尽管股价上涨放缓，但企业仍然可能继续出色地执行。长期跟踪股价表现总是很有趣。但要更好地理解艾默生电气，我们需要考虑许多其他因素。举个例子：我们发现了 <strong>艾默生电气的 2 个警示信号</strong>，你应该注意。</p>
</div><p>If you are like me, then you will <strong>not</strong> want to miss this <strong>free</strong> list of undervalued small caps that insiders are buying.</p>
<div class="lb-trans"><p>如果你和我一样，那么你 <strong>不</strong> 想错过这份 <strong>免费</strong> 的被低估的小型股名单，内部人士正在购买。</p>
</div><p><em>Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on American exchanges.</em></p>
<div class="lb-trans"><p><em>请注意，本文中引用的市场回报反映了目前在美国交易所交易的股票的市场加权平均回报。</em></p>
</div>

艾默生电气（NYSE:EMR）的股东在过去五年中实现了 16% 的年复合增长率