<p><strong>APA Group</strong>（ASX:APA）的市销率（&#34;P/S&#34;）为 3.7 倍，当考虑到澳大利亚天然气公用事业行业近一半的公司市销率低于 0.8 倍时，这可能看起来是一个糟糕的投资机会。然而，仅仅将市销率表面化是不明智的，因为可能有解释其如此高的原因。</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>查看我们对 APA Group 的最新分析</p>
<p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/asset/chart/3799924-ps-multiple-vs-industry-1-dark-2/1759357364165?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/3799924-ps-multiple-vs-industry-1-dark-2/1759357364165"/></p>
<p>ASX:APA 市销率与行业比较 2025 年 10 月 1 日</p>
<h3>APA Group 最近的表现如何？</h3>
<p>APA Group 的表现可以更好，因为它最近的收入增长低于大多数其他公司。一个可能性是，市销率高是因为投资者认为这种乏善可陈的收入表现将显著改善。如果没有，那么现有股东可能会对股价的可行性感到非常紧张。</p>
<p>如果你想看看分析师对未来的预测，你应该查看我们对 APA Group 的 <strong>免费</strong> 报告。</p>
<h2>收入预测是否与高市销率相匹配？</h2>
<p>为了证明其市销率的合理性，APA Group 需要实现远超行业的卓越增长。</p>
<p>回顾过去一年的收入增长，公司实现了 4.6% 的可观增长。最近的良好表现意味着它在过去三年中总共实现了 17% 的收入增长。因此，股东们可能对中期的收入增长率感到满意。</p>
<p>展望未来，覆盖该公司的九位分析师的估计显示，未来三年收入年均增长应为 4.5%。而行业预计每年增长 4.0%，公司在收入结果上处于可比位置。</p>
<p>考虑到这一点，我们发现 APA Group 的市销率高于其行业同行，这一点令人感兴趣。似乎大多数投资者忽视了相对平均的增长预期，并愿意为接触该股票支付溢价。然而，随着这种收入增长水平的持续，额外的收益将难以实现，最终可能会对股价造成压力。</p>
<h2>我们可以从 APA Group 的市销率中学到什么？</h2>
<p>仅仅使用市销率来判断是否应该出售你的股票并不明智，但它可以作为公司未来前景的实用指南。</p>
<p>鉴于 APA Group 的未来收入预测与更广泛的行业一致，交易于高市销率的事实有些令人惊讶。当我们看到收入增长仅与行业持平时，我们不期望市销率在长期内保持高企。需要积极的变化来证明当前的市销率是合理的。</p>
<p>你应该始终考虑风险。举个例子，我们发现了 <strong>APA Group 的 3 个警告信号</strong>，你应该注意，其中 2 个信号让我们感到不安。</p>
<p>如果强大的盈利公司吸引你的兴趣，那么你会想查看这份 <strong>免费</strong> 的有趣公司名单，这些公司交易于低市盈率（但已证明它们能够增长盈利）。</p>

<p>APA Group（ASX:APA）的市销率（P/S）为 3.7 倍，显著高于行业平均水平 0.8 倍。尽管最近的收入增长为 4.6%，并且在三年内总增长达到 17%，分析师预测未来年均增长将温和为 4.5%，与行业预期一致。这个较高的市销率引发了对其股价可持续性的担忧，因为投资者可能过于乐观。建议保持谨慎，已识别出该公司的三个警示信号</p>

<p><strong>APA Group's</strong> (ASX:APA) price-to-sales (or &#34;P/S&#34;) ratio of 3.7x may look like a poor investment opportunity when you consider close to half the companies in the Gas Utilities industry in Australia have P/S ratios below 0.8x. Although, it's not wise to just take the P/S at face value as there may be an explanation why it's so lofty.</p>
<div class="lb-trans"><p><strong>APA Group</strong>（ASX:APA）的市销率（&#34;P/S&#34;）为 3.7 倍，当考虑到澳大利亚天然气公用事业行业近一半的公司市销率低于 0.8 倍时，这可能看起来是一个糟糕的投资机会。然而，仅仅将市销率表面化是不明智的，因为可能有解释其如此高的原因。</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>See our latest analysis for APA Group</p>
<div class="lb-trans"><p>查看我们对 APA Group 的最新分析</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/asset/chart/3799924-ps-multiple-vs-industry-1-dark-2/1759357364165" alt="" original-src="https://images.simplywall.st/asset/chart/3799924-ps-multiple-vs-industry-1-dark-2/1759357364165"/></p>
<p>ASX:APA Price to Sales Ratio vs Industry October 1st 2025</p>
<div class="lb-trans"><p>ASX:APA 市销率与行业比较 2025 年 10 月 1 日</p>
</div><h3>How Has APA Group Performed Recently?</h3>
<div class="lb-trans"><h3>APA Group 最近的表现如何？</h3>
</div><p>APA Group could be doing better as it's been growing revenue less than most other companies lately. One possibility is that the P/S ratio is high because investors think this lacklustre revenue performance will improve markedly. If not, then existing shareholders may be very nervous about the viability of the share price.</p>
<div class="lb-trans"><p>APA Group 的表现可以更好，因为它最近的收入增长低于大多数其他公司。一个可能性是，市销率高是因为投资者认为这种乏善可陈的收入表现将显著改善。如果没有，那么现有股东可能会对股价的可行性感到非常紧张。</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 APA Group.</p>
<div class="lb-trans"><p>如果你想看看分析师对未来的预测，你应该查看我们对 APA Group 的 <strong>免费</strong> 报告。</p>
</div><h2>Do Revenue Forecasts Match The High P/S Ratio?</h2>
<div class="lb-trans"><h2>收入预测是否与高市销率相匹配？</h2>
</div><p>In order to justify its P/S ratio, APA Group would need to produce outstanding growth that's well in excess of the industry.</p>
<div class="lb-trans"><p>为了证明其市销率的合理性，APA Group 需要实现远超行业的卓越增长。</p>
</div><p>If we review the last year of revenue growth, the company posted a worthy increase of 4.6%. The solid recent performance means it was also able to grow revenue by 17% in total over the last three years. Accordingly, shareholders would have probably been satisfied with the medium-term rates of revenue growth.</p>
<div class="lb-trans"><p>回顾过去一年的收入增长，公司实现了 4.6% 的可观增长。最近的良好表现意味着它在过去三年中总共实现了 17% 的收入增长。因此，股东们可能对中期的收入增长率感到满意。</p>
</div><p>Shifting to the future, estimates from the nine analysts covering the company suggest revenue should grow by 4.5% per annum over the next three years. With the industry predicted to deliver 4.0% growth each year, the company is positioned for a comparable revenue result.</p>
<div class="lb-trans"><p>展望未来，覆盖该公司的九位分析师的估计显示，未来三年收入年均增长应为 4.5%。而行业预计每年增长 4.0%，公司在收入结果上处于可比位置。</p>
</div><p>With this in consideration, we find it intriguing that APA Group's P/S is higher than its industry peers. It seems most investors are ignoring the fairly average growth expectations and are willing to pay up for exposure to the stock. Although, additional gains will be difficult to achieve as this level of revenue growth is likely to weigh down the share price eventually.</p>
<div class="lb-trans"><p>考虑到这一点，我们发现 APA Group 的市销率高于其行业同行，这一点令人感兴趣。似乎大多数投资者忽视了相对平均的增长预期，并愿意为接触该股票支付溢价。然而，随着这种收入增长水平的持续，额外的收益将难以实现，最终可能会对股价造成压力。</p>
</div><h2>What We Can Learn From APA Group's P/S?</h2>
<div class="lb-trans"><h2>我们可以从 APA Group 的市销率中学到什么？</h2>
</div><p>Using the price-to-sales ratio alone to determine if you should sell your stock isn't sensible, however it can be a practical guide to the company's future prospects.</p>
<div class="lb-trans"><p>仅仅使用市销率来判断是否应该出售你的股票并不明智，但它可以作为公司未来前景的实用指南。</p>
</div><p>Given APA Group's future revenue forecasts are in line with the wider industry, the fact that it trades at an elevated P/S is somewhat surprising. When we see revenue growth that just matches the industry, we don't expect elevates P/S figures to remain inflated for the long-term. A positive change is needed in order to justify the current price-to-sales ratio.</p>
<div class="lb-trans"><p>鉴于 APA Group 的未来收入预测与更广泛的行业一致，交易于高市销率的事实有些令人惊讶。当我们看到收入增长仅与行业持平时，我们不期望市销率在长期内保持高企。需要积极的变化来证明当前的市销率是合理的。</p>
</div><p>You should always think about risks. Case in point, we've spotted <strong>3 warning signs for APA Group</strong> you should be aware of, and 2 of them don't sit too well with us.</p>
<div class="lb-trans"><p>你应该始终考虑风险。举个例子，我们发现了 <strong>APA Group 的 3 个警告信号</strong>，你应该注意，其中 2 个信号让我们感到不安。</p>
</div><p>If strong companies turning a profit tickle your fancy, then you'll want to check out this <strong>free</strong> list of interesting companies that trade on a low P/E (but have proven they can grow earnings).</p>
<div class="lb-trans"><p>如果强大的盈利公司吸引你的兴趣，那么你会想查看这份 <strong>免费</strong> 的有趣公司名单，这些公司交易于低市盈率（但已证明它们能够增长盈利）。</p>
</div>

目前很难确定 APA 集团（ASX:APA）的市销率