<p>尽管已经有了强劲的表现，<strong>立高控股</strong>（HKG:8472）的股票仍在继续上涨，在过去三十天内上涨了 48%。并不是所有股东都会感到欢欣鼓舞，因为股价在过去十二个月内仍然下跌了令人失望的 29%。</p>
<p>尽管价格有了明显反弹，但仍然没有多少人认为立高控股的市销率（&#34;P/S&#34;）为 0.3 倍值得一提，因为香港商业服务行业的中位数市销率大约为 0.5 倍。不过，简单忽视市销率并不明智，因为投资者可能会忽略一个独特的机会或一个代价高昂的错误。</p>
<p>特朗普承诺要&#34;释放&#34;美国的石油和天然气，这 15 只美国股票的发展将受益。</p>
<p>查看我们对立高控股的最新分析</p>
<p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/asset/chart/528407444-ps-multiple-vs-industry-1-dark-2/1758838336771?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/528407444-ps-multiple-vs-industry-1-dark-2/1758838336771"/></p>
<p>SEHK:8472 市销率与行业比较 2025 年 9 月 25 日</p>
<h3>立高控股最近的表现如何？</h3>
<p>例如，立高控股最近收入的下降值得深思。也许投资者认为最近的收入表现足以与行业保持一致，这使得市销率没有下降。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有些紧张。</p>
<p>想要了解公司盈利、收入和现金流的完整情况吗？那么我们对立高控股的 <strong>免费</strong> 报告将帮助您了解其历史表现。</p>
<h2>收入预测与市销率是否匹配？</h2>
<p>为了证明其市销率的合理性，立高控股需要产生与行业相似的增长。</p>
<p>在回顾过去一年的财务数据时，我们感到沮丧，因为公司的收入下降了 73%。因此，三年前的收入总体也下降了 69%。因此，可以公平地说，最近的收入增长对公司来说是不可取的。</p>
<p>将这一中期收入轨迹与更广泛行业的年度扩张预测 7.3% 进行比较，显示出这是一个不愉快的局面。</p>
<p>考虑到这一点，我们发现立高控股的市销率超过了其行业同行，这让人担忧。似乎大多数投资者忽视了最近糟糕的增长率，并希望公司业务前景能有所好转。如果市销率降到与最近的负增长率更为一致的水平，现有股东很可能会面临未来的失望。</p>
<h2>立高控股市销率的底线</h2>
<p>立高控股的股票最近有很大的动能，这使其市销率与行业其他公司持平。虽然市销率不应该是您是否购买股票的决定性因素，但它确实是收入预期的一个有效指标。</p>
<p>我们对立高控股的观察显示，其中期收入的缩减并没有像我们预期的那样影响市销率，因为行业预计将增长。当我们看到收入在行业增长预测的背景下出现下滑时，预计股价可能会下降，从而使适度的市销率降低是有道理的。除非最近的中期情况有所改善，否则预计公司股东将面临困难时期并不为过。</p>
<p>我们不想过于泼冷水，但我们确实发现了 <strong>立高控股的 5 个警示信号</strong>（其中 2 个让我们感到不安！），您需要注意。</p>
<p>当然，<strong>有着良好盈利增长历史的盈利公司通常是更安全的投资</strong>。因此，您可能希望查看这份 <strong>免费</strong> 的其他公司集合，这些公司有合理的市盈率并且盈利增长强劲。</p>

华泰瑞银股权

立高控股

<p>立高控股（HKG:8472）的股价在过去一个月上涨了 48%，尽管过去一年下降了 29%。该公司的市销率（P/S）为 0.3 倍，低于行业中位数 0.5 倍，这引发了对其收入表现的担忧，过去一年收入下降了 73%。投资者可能对反弹过于乐观，因为整个行业预计将增长 7.3%。如果收入没有改善，股价可能会出现下跌，给股东带来风险</p>

<p>Despite an already strong run, <strong>Lapco Holdings Limited</strong> (HKG:8472) shares have been powering on, with a gain of 48% in the last thirty days. Not all shareholders will be feeling jubilant, since the share price is still down a very disappointing 29% in the last twelve months.</p>
<div class="lb-trans"><p>尽管已经有了强劲的表现，<strong>立高控股</strong>（HKG:8472）的股票仍在继续上涨，在过去三十天内上涨了 48%。并不是所有股东都会感到欢欣鼓舞，因为股价在过去十二个月内仍然下跌了令人失望的 29%。</p>
</div><p>In spite of the firm bounce in price, there still wouldn't be many who think Lapco Holdings' price-to-sales (or &#34;P/S&#34;) ratio of 0.3x is worth a mention when the median P/S in Hong Kong's Commercial Services industry is similar at about 0.5x. Although, it's not wise to simply ignore the P/S without explanation as investors may be disregarding a distinct opportunity or a costly mistake.</p>
<div class="lb-trans"><p>尽管价格有了明显反弹，但仍然没有多少人认为立高控股的市销率（&#34;P/S&#34;）为 0.3 倍值得一提，因为香港商业服务行业的中位数市销率大约为 0.5 倍。不过，简单忽视市销率并不明智，因为投资者可能会忽略一个独特的机会或一个代价高昂的错误。</p>
</div><p>Trump has pledged to &#34;unleash&#34; American oil and gas and these 15 US stocks have developments that are poised to benefit.</p>
<div class="lb-trans"><p>特朗普承诺要&#34;释放&#34;美国的石油和天然气，这 15 只美国股票的发展将受益。</p>
</div><p>Check out our latest analysis for Lapco Holdings</p>
<div class="lb-trans"><p>查看我们对立高控股的最新分析</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/asset/chart/528407444-ps-multiple-vs-industry-1-dark-2/1758838336771" alt="" original-src="https://images.simplywall.st/asset/chart/528407444-ps-multiple-vs-industry-1-dark-2/1758838336771"/></p>
<p>SEHK:8472 Price to Sales Ratio vs Industry September 25th 2025</p>
<div class="lb-trans"><p>SEHK:8472 市销率与行业比较 2025 年 9 月 25 日</p>
</div><h3>How Has Lapco Holdings Performed Recently?</h3>
<div class="lb-trans"><h3>立高控股最近的表现如何？</h3>
</div><p>For instance, Lapco Holdings' receding revenue in recent times would have to be some food for thought. Perhaps investors believe the recent revenue performance is enough to keep in line with the industry, which is keeping the P/S from dropping off. If not, then existing shareholders may be a little nervous about the viability of the share price.</p>
<div class="lb-trans"><p>例如，立高控股最近收入的下降值得深思。也许投资者认为最近的收入表现足以与行业保持一致，这使得市销率没有下降。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有些紧张。</p>
</div><p>Want the full picture on earnings, revenue and cash flow for the company? Then our <strong>free</strong> report on Lapco Holdings will help you shine a light on its historical performance.</p>
<div class="lb-trans"><p>想要了解公司盈利、收入和现金流的完整情况吗？那么我们对立高控股的 <strong>免费</strong> 报告将帮助您了解其历史表现。</p>
</div><h2>Do Revenue Forecasts Match The P/S Ratio?</h2>
<div class="lb-trans"><h2>收入预测与市销率是否匹配？</h2>
</div><p>In order to justify its P/S ratio, Lapco Holdings would need to produce growth that's similar to the industry.</p>
<div class="lb-trans"><p>为了证明其市销率的合理性，立高控股需要产生与行业相似的增长。</p>
</div><p>In reviewing the last year of financials, we were disheartened to see the company's revenues fell to the tune of 73%. As a result, revenue from three years ago have also fallen 69% overall. Therefore, it's fair to say the revenue growth recently has been undesirable for the company.</p>
<div class="lb-trans"><p>在回顾过去一年的财务数据时，我们感到沮丧，因为公司的收入下降了 73%。因此，三年前的收入总体也下降了 69%。因此，可以公平地说，最近的收入增长对公司来说是不可取的。</p>
</div><p>Weighing that medium-term revenue trajectory against the broader industry's one-year forecast for expansion of 7.3% shows it's an unpleasant look.</p>
<div class="lb-trans"><p>将这一中期收入轨迹与更广泛行业的年度扩张预测 7.3% 进行比较，显示出这是一个不愉快的局面。</p>
</div><p>With this in mind, we find it worrying that Lapco Holdings' P/S exceeds that of its industry peers. It seems most investors are ignoring the recent poor growth rate and are hoping for a turnaround in the company's business prospects. There's a good chance existing shareholders are setting themselves up for future disappointment if the P/S falls to levels more in line with the recent negative growth rates.</p>
<div class="lb-trans"><p>考虑到这一点，我们发现立高控股的市销率超过了其行业同行，这让人担忧。似乎大多数投资者忽视了最近糟糕的增长率，并希望公司业务前景能有所好转。如果市销率降到与最近的负增长率更为一致的水平，现有股东很可能会面临未来的失望。</p>
</div><h2>The Bottom Line On Lapco Holdings' P/S</h2>
<div class="lb-trans"><h2>立高控股市销率的底线</h2>
</div><p>Lapco Holdings' stock has a lot of momentum behind it lately, which has brought its P/S level with the rest of the industry. While the price-to-sales ratio shouldn't be the defining factor in whether you buy a stock or not, it's quite a capable barometer of revenue expectations.</p>
<div class="lb-trans"><p>立高控股的股票最近有很大的动能，这使其市销率与行业其他公司持平。虽然市销率不应该是您是否购买股票的决定性因素，但它确实是收入预期的一个有效指标。</p>
</div><p>Our look at Lapco Holdings revealed its shrinking revenues over the medium-term haven't impacted the P/S as much as we anticipated, given the industry is set to grow. When we see revenue heading backwards in the context of growing industry forecasts, it'd make sense to expect a possible share price decline on the horizon, sending the moderate P/S lower. Unless the the circumstances surrounding the recent medium-term improve, it wouldn't be wrong to expect a a difficult period ahead for the company's shareholders.</p>
<div class="lb-trans"><p>我们对立高控股的观察显示，其中期收入的缩减并没有像我们预期的那样影响市销率，因为行业预计将增长。当我们看到收入在行业增长预测的背景下出现下滑时，预计股价可能会下降，从而使适度的市销率降低是有道理的。除非最近的中期情况有所改善，否则预计公司股东将面临困难时期并不为过。</p>
</div><p>We don't want to rain on the parade too much, but we did also find <strong>5 warning signs for Lapco Holdings</strong> (2 make us uncomfortable!) 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 <strong>立高控股的 5 个警示信号</strong>（其中 2 个让我们感到不安！），您需要注意。</p>
</div><p>Of course, <strong>profitable companies with a history of great earnings growth are generally safer bets</strong>. So you may wish to see this <strong>free</strong> collection of other companies that have reasonable P/E ratios and have grown earnings strongly.</p>
<div class="lb-trans"><p>当然，<strong>有着良好盈利增长历史的盈利公司通常是更安全的投资</strong>。因此，您可能希望查看这份 <strong>免费</strong> 的其他公司集合，这些公司有合理的市盈率并且盈利增长强劲。</p>
</div>

尽管增长乏力，立高控股有限公司（HKG:8472）的股价仍上涨了 48%