<p><strong>应用材料公司</strong>（NASDAQ:AMAT）的股票在经历了一段动荡期后，最近一个月表现非常出色，涨幅达 27%。长期股东会对股价的回升感到欣慰，因为在最近的反弹后，股价几乎与年初持平。</p>
<p>在价格坚挺反弹后，应用材料目前可能发出看跌信号，其市盈率（&#34;P/E&#34;）为 23.8 倍，而美国几乎一半的公司市盈率低于 19 倍，甚至低于 11 倍的市盈率也并不罕见。尽管如此，我们需要更深入地探讨，以确定这种高市盈率是否有合理依据。</p>
<p>特朗普承诺要&#34;释放&#34;美国的石油和天然气，这 15 只美国股票的发展有望受益。</p>
<p>应用材料最近的表现不佳，其盈利下降与其他公司相比显得相形见绌，后者的平均盈利有所增长。一个可能性是，市盈率之所以偏高，是因为投资者认为这种糟糕的盈利表现将会好转。你真的希望如此，否则你就为没有特别理由的高价买单。</p>
<p>查看我们对应用材料的最新分析</p>
<p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/asset/chart/251230-pe-multiple-vs-industry-1-dark-2/1759063434030?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/251230-pe-multiple-vs-industry-1-dark-2/1759063434030"/></p>
<p>NasdaqGS:AMAT 市盈率与行业比较 2025 年 9 月 28 日</p>
<p>如果你想了解分析师对未来的预测，可以查看我们对应用材料的 <strong>免费</strong> 报告。</p>
<h2>增长是否匹配高市盈率？</h2>
<p>你唯一会真正感到舒适的情况是，当应用材料的市盈率如此之高时，公司增长有望超越市场。</p>
<p>回顾过去一年，公司净利润下降了令人失望的 6.0%。这使得最近三年的表现变得不那么理想，尽管总体每股收益仍然实现了 14% 的不错增长。因此，我们可以确认，公司在这段时间内总体上做得不错，尽管过程中遇到了一些波折。</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 13%。与此同时，市场其他部分的年均增长预计为 11%，这并没有显著差异。</p>
<p>根据这些信息，我们发现应用材料的市盈率相较于市场而言偏高。似乎大多数投资者忽视了相对平庸的增长预期，愿意为持有该股票支付溢价。如果市盈率回落到与增长预期相符的水平，这些股东可能会面临失望。</p>
<h2>应用材料市盈率的底线</h2>
<p>应用材料股价的大幅反弹使公司的市盈率提升至相对较高的水平。有人认为，在某些行业中，市盈率是一个较差的价值衡量标准，但它可以成为强有力的商业情绪指标。</p>
<p>我们已经确定，应用材料目前的市盈率高于预期，因为其预测增长仅与更广泛的市场持平。现在，我们对相对较高的股价感到不安，因为预测的未来盈利不太可能长期支撑如此积极的情绪。这使得股东的投资面临风险，也让潜在投资者有可能支付不必要的溢价。</p>
<p>公司的资产负债表中可能存在许多潜在风险。我们对应用材料的 <strong>免费</strong> 资产负债表分析，包含六个简单检查，可以帮助你发现可能存在的问题。</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（且市盈率低）。</p>

应用材料

<p>应用材料公司（NASDAQ:AMAT）最近股价飙升 27%，使其年初至今的表现恢复到持平状态。然而，该公司的市盈率高达 23.8 倍，引发了人们的担忧，因为这一水平超过了美国公司的平均水平。尽管预计未来三年年均盈利增长为 13%，但这与市场的 11% 增长预测非常接近。投资者可能高估了该股票，如果市盈率调整以反映更现实的增长预期，可能会面临失望。因此，建议对公司的资产负债表进行全面分析，以识别潜在风险</p>

<p><strong>Applied Materials, Inc.</strong> (NASDAQ:AMAT) shares have had a really impressive month, gaining 27% after a shaky period beforehand. Longer-term shareholders would be thankful for the recovery in the share price since it's now virtually flat for the year after the recent bounce.</p>
<div class="lb-trans"><p><strong>应用材料公司</strong>（NASDAQ:AMAT）的股票在经历了一段动荡期后，最近一个月表现非常出色，涨幅达 27%。长期股东会对股价的回升感到欣慰，因为在最近的反弹后，股价几乎与年初持平。</p>
</div><p>Following the firm bounce in price, Applied Materials may be sending bearish signals at the moment with its price-to-earnings (or &#34;P/E&#34;) ratio of 23.8x, since almost half of all companies in the United States have P/E ratios under 19x and even P/E's lower than 11x are not unusual. Nonetheless, we'd need to dig a little deeper to determine if there is a rational basis for the elevated P/E.</p>
<div class="lb-trans"><p>在价格坚挺反弹后，应用材料目前可能发出看跌信号，其市盈率（&#34;P/E&#34;）为 23.8 倍，而美国几乎一半的公司市盈率低于 19 倍，甚至低于 11 倍的市盈率也并不罕见。尽管如此，我们需要更深入地探讨，以确定这种高市盈率是否有合理依据。</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 只美国股票的发展有望受益。</p>
</div><p>Applied Materials hasn't been tracking well recently as its declining earnings compare poorly to other companies, which have seen some growth on average. One possibility is that the P/E is high because investors think this poor earnings performance will turn the corner. You'd really hope so, otherwise you're paying a pretty hefty price for no particular reason.</p>
<div class="lb-trans"><p>应用材料最近的表现不佳，其盈利下降与其他公司相比显得相形见绌，后者的平均盈利有所增长。一个可能性是，市盈率之所以偏高，是因为投资者认为这种糟糕的盈利表现将会好转。你真的希望如此，否则你就为没有特别理由的高价买单。</p>
</div><p>Check out our latest analysis for Applied Materials</p>
<div class="lb-trans"><p>查看我们对应用材料的最新分析</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/asset/chart/251230-pe-multiple-vs-industry-1-dark-2/1759063434030" alt="" original-src="https://images.simplywall.st/asset/chart/251230-pe-multiple-vs-industry-1-dark-2/1759063434030"/></p>
<p>NasdaqGS:AMAT Price to Earnings Ratio vs Industry September 28th 2025</p>
<div class="lb-trans"><p>NasdaqGS:AMAT 市盈率与行业比较 2025 年 9 月 28 日</p>
</div><p>If you'd like to see what analysts are forecasting going forward, you should check out our <strong>free</strong> report on Applied Materials.</p>
<div class="lb-trans"><p>如果你想了解分析师对未来的预测，可以查看我们对应用材料的 <strong>免费</strong> 报告。</p>
</div><h2>Does Growth Match The High P/E?</h2>
<div class="lb-trans"><h2>增长是否匹配高市盈率？</h2>
</div><p>The only time you'd be truly comfortable seeing a P/E as high as Applied Materials' is when the company's growth is on track to outshine the market.</p>
<div class="lb-trans"><p>你唯一会真正感到舒适的情况是，当应用材料的市盈率如此之高时，公司增长有望超越市场。</p>
</div><p>Retrospectively, the last year delivered a frustrating 6.0% decrease to the company's bottom line. This has soured the latest three-year period, which nevertheless managed to deliver a decent 14% overall rise in EPS. So we can start by confirming that the company has generally done a good job of growing earnings over that time, even though it had some hiccups along the way.</p>
<div class="lb-trans"><p>回顾过去一年，公司净利润下降了令人失望的 6.0%。这使得最近三年的表现变得不那么理想，尽管总体每股收益仍然实现了 14% 的不错增长。因此，我们可以确认，公司在这段时间内总体上做得不错，尽管过程中遇到了一些波折。</p>
</div><p>Shifting to the future, estimates from the analysts covering the company suggest earnings should grow by 13% per year over the next three years. Meanwhile, the rest of the market is forecast to expand by 11% per annum, which is not materially different.</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 13%。与此同时，市场其他部分的年均增长预计为 11%，这并没有显著差异。</p>
</div><p>With this information, we find it interesting that Applied Materials is trading at a high P/E compared to the market. It seems most investors are ignoring the fairly average growth expectations and are willing to pay up for exposure to the stock. These shareholders may be setting themselves up for disappointment if the P/E falls to levels more in line with the growth outlook.</p>
<div class="lb-trans"><p>根据这些信息，我们发现应用材料的市盈率相较于市场而言偏高。似乎大多数投资者忽视了相对平庸的增长预期，愿意为持有该股票支付溢价。如果市盈率回落到与增长预期相符的水平，这些股东可能会面临失望。</p>
</div><h2>The Bottom Line On Applied Materials' P/E</h2>
<div class="lb-trans"><h2>应用材料市盈率的底线</h2>
</div><p>The large bounce in Applied Materials' shares has lifted the company's P/E to a fairly high level. It's argued the price-to-earnings ratio is an inferior measure of value within certain industries, but it can be a powerful business sentiment indicator.</p>
<div class="lb-trans"><p>应用材料股价的大幅反弹使公司的市盈率提升至相对较高的水平。有人认为，在某些行业中，市盈率是一个较差的价值衡量标准，但它可以成为强有力的商业情绪指标。</p>
</div><p>We've established that Applied Materials currently trades on a higher than expected P/E since its forecast growth is only in line with the wider market. Right now we are uncomfortable with the relatively high share price as the predicted future earnings aren't likely to support such positive sentiment for long. This places shareholders' investments at risk and potential investors in danger of paying an unnecessary premium.</p>
<div class="lb-trans"><p>我们已经确定，应用材料目前的市盈率高于预期，因为其预测增长仅与更广泛的市场持平。现在，我们对相对较高的股价感到不安，因为预测的未来盈利不太可能长期支撑如此积极的情绪。这使得股东的投资面临风险，也让潜在投资者有可能支付不必要的溢价。</p>
</div><p>A lot of potential risks can sit within a company's balance sheet. Our <strong>free</strong> balance sheet analysis for Applied Materials with six simple checks will allow you to discover any risks that could be an issue.</p>
<div class="lb-trans"><p>公司的资产负债表中可能存在许多潜在风险。我们对应用材料的 <strong>免费</strong> 资产负债表分析，包含六个简单检查，可以帮助你发现可能存在的问题。</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（且市盈率低）。</p>
</div>

增长放缓并未阻碍应用材料公司（NASDAQ:AMAT），其股价上涨了 27%