<p>InterDigital (IDCC) 被美国国防部选中，领导一个政府支持的项目，利用其在动态频谱共享和人工智能无线技术方面的先进专业知识，与 DeepSig 和 Skylark Wireless 开展新的合作。</p>
<p>查看我们对 InterDigital 的最新分析。</p>
<p>这一政府支持的合同正值 InterDigital 享受强劲势头之际，过去一个月股价回报率达到 12%，过去一年总股东回报率更是高达 140%。近期的上涨信号显示市场对公司潜力的信心日益增强，尤其是高调的合作伙伴关系和新创新不断将 InterDigital 推向聚光灯下。</p>
<p>如果这一突破激发了你的好奇心，接下来的逻辑步骤是发现其他高增长的科技和人工智能创新者。查看完整列表，免费获取：查看完整列表，免费获取。</p>
<p>随着股票表现出色并获得重大政府合同，最大的疑问是是否还有进一步上涨的空间，还是所有好消息已经反映在当前价格中。</p>
<h2>最受欢迎的叙述：高估 11.6%</h2>
<p>由于 InterDigital 最近的收盘价高于叙述的公允价值估计，市场乐观情绪推动股票超出了这一广泛关注的观点所认为的合理范围。这为探讨为何在这些水平上叙述认为存在风险以及背后计算驱动因素提供了有趣的探索。</p>
<blockquote>
<p><em>最近三星许可证的 67% 提升以及由与主要 OEM 的多年协议驱动的历史最高年化经常性收入，设定了对未来合同续签持续超常增长的高度乐观预期，可能会抬高估值倍数并夸大可持续收入轨迹。</em></p>
</blockquote>
<p>阅读完整叙述。</p>
<p>想知道是什么大胆预测推动了这一高估值吗？叙述暗示了指数级的合同增长和大胆的利润假设，但具体数字却保持在可及范围之外。准备好发现是什么真正推动了这些高价目标吗？</p>
<p><strong>结果：公允价值为 328.75 美元（高估）</strong></p>
<p>完整阅读叙述，了解预测背后的原因。</p>
<p>然而，强劲的智能手机许可交易和成功扩展到物联网可能会带来比当前预测更稳定的增长，这可能会挑战当前的谨慎态度。</p>
<p>了解这一 InterDigital 叙述的关键风险。</p>
<h2>另一种观点：倍数讲述了不同的故事</h2>
<p>虽然叙述认为 InterDigital 被高估，但仔细观察其市盈率则呈现出更微妙的画面。以 20.4 倍的市盈率，该公司交易价格远低于美国软件行业平均水平（34.9 倍）和其同行平均水平（39.8 倍）。然而，这仍高于市场最终可能对齐的公允比例 15 倍。这一差距是否意味着风险低于叙述所暗示的，还是如果市场重新定价预期仍然存在下行风险？</p>
<p>查看数字对这一价格的看法——在我们的估值分析中了解更多。</p>
<p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/b99d51a4-d38a-48c2-8ce5-fa868ebefbc2/chart/pe-multiple-vs-industry?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/company/b99d51a4-d38a-48c2-8ce5-fa868ebefbc2/chart/pe-multiple-vs-industry"/></p>
<p>NasdaqGS:IDCC 截至 2025 年 10 月的市盈率</p>
<h2>构建你自己的 InterDigital 叙述</h2>
<p>喜欢不同的角度？自己深入数字，构建自己的看法。构建个性化的 InterDigital 故事只需几分钟。按你的方式进行。</p>
<p>你对 InterDigital 研究的一个很好的起点是我们的分析，强调 2 个关键奖励和 2 个可能影响你投资决策的重要警示信号。</p>
<h2>寻找更多聪明的投资想法？</h2>
<p>不要让良机溜走。通过针对许多人尚未注意到的潜力股票，在几分钟内提升你的投资游戏。利用定制筛选器的力量，抢先获得明天的赢家。为什么要满足于普通，当你可以投资于更具优势的机会？</p>
<ul>
<li>通过审查这 18 只股息收益率超过 3% 的股票，捕捉高收益，看看哪些公司持续为股东提供强劲的超额分红。</li>
<li>专注于在人工智能竞赛中领先的创新者，筛选这 24 只 AI 小盘股，帮助你过滤出有望主导新市场的公司。</li>
<li>通过扫描这 26 只量子计算股票，提前把握趋势，寻找那些在量子突破方面处于领先地位的公司，这些突破可能会比任何人预期的更快地重塑行业。</li>
</ul>
<p><em>本文由 Simply Wall St 撰写，内容具有一般性。<strong>我们提供基于历史数据和分析师预测的评论，仅使用无偏见的方法，我们的文章并不旨在提供财务建议。</strong> 它不构成买入或卖出任何股票的推荐，也不考虑你的目标或财务状况。我们的目标是为你提供以基本数据驱动的长期分析。请注意，我们的分析可能未考虑最新的价格敏感公司公告或定性材料。Simply Wall St 在提到的任何股票中没有持仓。</em></p>

IDCC

<p>InterDigital (IDCC) 已与美国国防部签署了一项重要合同，合作开展动态频谱共享和人工智能技术。该公司在过去一个月的股价上涨了 12%，在过去一年中总回报率达到了 140%。尽管市场乐观，分析师认为该股票可能被高估，公允价值为 328.75 美元，市盈率为 20.4 倍，低于行业平均水平。叙述中指出了维持增长的潜在风险和挑战，同时也强调了智能手机许可和物联网扩展的机会</p>

<p>InterDigital (IDCC) has been tapped by the U.S. Department of War to lead a government-backed project, bringing its advanced expertise in dynamic spectrum sharing and AI-powered wireless technologies to a new collaboration with DeepSig and Skylark Wireless.</p>
<div class="lb-trans"><p>InterDigital (IDCC) 被美国国防部选中，领导一个政府支持的项目，利用其在动态频谱共享和人工智能无线技术方面的先进专业知识，与 DeepSig 和 Skylark Wireless 开展新的合作。</p>
</div><p>See our latest analysis for InterDigital.</p>
<div class="lb-trans"><p>查看我们对 InterDigital 的最新分析。</p>
</div><p>This government-backed contract comes as InterDigital enjoys strong momentum, with a 12% share price return over the past month and a remarkable 140% total shareholder return over the last year. The recent upswing signals growing market confidence in the company’s potential, especially as high-profile partnerships and fresh innovations continue to put InterDigital in the spotlight.</p>
<div class="lb-trans"><p>这一政府支持的合同正值 InterDigital 享受强劲势头之际，过去一个月股价回报率达到 12%，过去一年总股东回报率更是高达 140%。近期的上涨信号显示市场对公司潜力的信心日益增强，尤其是高调的合作伙伴关系和新创新不断将 InterDigital 推向聚光灯下。</p>
</div><p>If this breakthrough has sparked your curiosity, the next logical step is to discover other high-growth tech and AI innovators. See the full list for free: See the full list for free.</p>
<div class="lb-trans"><p>如果这一突破激发了你的好奇心，接下来的逻辑步骤是发现其他高增长的科技和人工智能创新者。查看完整列表，免费获取：查看完整列表，免费获取。</p>
</div><p>With the stock posting standout gains and a major government contract in hand, the big question is whether there is still room for further upside or if all the good news is already reflected in the current price.</p>
<div class="lb-trans"><p>随着股票表现出色并获得重大政府合同，最大的疑问是是否还有进一步上涨的空间，还是所有好消息已经反映在当前价格中。</p>
</div><h2>Most Popular Narrative: 11.6% Overvalued</h2>
<div class="lb-trans"><h2>最受欢迎的叙述：高估 11.6%</h2>
</div><p>With InterDigital’s last closing price sitting above the narrative’s fair value estimate, market optimism has pushed the stock beyond what this widely followed perspective considers justified. This sets up an intriguing exploration into why the narrative sees risk at these levels and what is driving the calculations behind the scenes.</p>
<div class="lb-trans"><p>由于 InterDigital 最近的收盘价高于叙述的公允价值估计，市场乐观情绪推动股票超出了这一广泛关注的观点所认为的合理范围。这为探讨为何在这些水平上叙述认为存在风险以及背后计算驱动因素提供了有趣的探索。</p>
</div><blockquote>
<p><em>The recent 67% uplift in the Samsung license and an all-time high annualized recurring revenue, driven by multi-year agreements with major OEMs, have set highly optimistic expectations for continued outsized growth in future contract renewals, potentially inflating valuation multiples and overstating sustainable revenue trajectory.</em></p>
</blockquote>
<div class="lb-trans"><blockquote>
<p><em>最近三星许可证的 67% 提升以及由与主要 OEM 的多年协议驱动的历史最高年化经常性收入，设定了对未来合同续签持续超常增长的高度乐观预期，可能会抬高估值倍数并夸大可持续收入轨迹。</em></p>
</blockquote>
</div><p>Read the complete narrative.</p>
<div class="lb-trans"><p>阅读完整叙述。</p>
</div><p>Want to know what bold forecasts power this premium valuation? The narrative hints at exponential contract gains and daring profit assumptions, but the precise numbers are kept just out of reach. Ready to discover what really fuels these elevated price targets?</p>
<div class="lb-trans"><p>想知道是什么大胆预测推动了这一高估值吗？叙述暗示了指数级的合同增长和大胆的利润假设，但具体数字却保持在可及范围之外。准备好发现是什么真正推动了这些高价目标吗？</p>
</div><p><strong>Result: Fair Value of $328.75 (OVERVALUED)</strong></p>
<div class="lb-trans"><p><strong>结果：公允价值为 328.75 美元（高估）</strong></p>
</div><p>Have a read of the narrative in full and understand what's behind the forecasts.</p>
<div class="lb-trans"><p>完整阅读叙述，了解预测背后的原因。</p>
</div><p>However, robust smartphone licensing deals and successful expansion into IoT could deliver more stable growth than current forecasts suggest, which may challenge prevailing caution.</p>
<div class="lb-trans"><p>然而，强劲的智能手机许可交易和成功扩展到物联网可能会带来比当前预测更稳定的增长，这可能会挑战当前的谨慎态度。</p>
</div><p>Find out about the key risks to this InterDigital narrative.</p>
<div class="lb-trans"><p>了解这一 InterDigital 叙述的关键风险。</p>
</div><h2>Another View: Multiples Tell a Different Story</h2>
<div class="lb-trans"><h2>另一种观点：倍数讲述了不同的故事</h2>
</div><p>While the narrative values InterDigital as overvalued, a closer look at its price-to-earnings ratio paints a more nuanced picture. At 20.4x, the company trades well below both the US Software industry average (34.9x) and its peer group average (39.8x). However, this is still above the fair ratio of 15x that the market could eventually align with. Does this gap imply less risk than the narrative suggests, or is there still downside if the market reprices expectations?</p>
<div class="lb-trans"><p>虽然叙述认为 InterDigital 被高估，但仔细观察其市盈率则呈现出更微妙的画面。以 20.4 倍的市盈率，该公司交易价格远低于美国软件行业平均水平（34.9 倍）和其同行平均水平（39.8 倍）。然而，这仍高于市场最终可能对齐的公允比例 15 倍。这一差距是否意味着风险低于叙述所暗示的，还是如果市场重新定价预期仍然存在下行风险？</p>
</div><p>See what the numbers say about this price — find out in our valuation breakdown.</p>
<div class="lb-trans"><p>查看数字对这一价格的看法——在我们的估值分析中了解更多。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/b99d51a4-d38a-48c2-8ce5-fa868ebefbc2/chart/pe-multiple-vs-industry" alt="" original-src="https://images.simplywall.st/company/b99d51a4-d38a-48c2-8ce5-fa868ebefbc2/chart/pe-multiple-vs-industry"/></p>
<p>NasdaqGS:IDCC PE Ratio as at Oct 2025</p>
<div class="lb-trans"><p>NasdaqGS:IDCC 截至 2025 年 10 月的市盈率</p>
</div><h2>Build Your Own InterDigital Narrative</h2>
<div class="lb-trans"><h2>构建你自己的 InterDigital 叙述</h2>
</div><p>Prefer a different angle? Dive into the numbers yourself and craft your own take. Building a personalized view of InterDigital’s story takes just a few minutes. Do it your way</p>
<div class="lb-trans"><p>喜欢不同的角度？自己深入数字，构建自己的看法。构建个性化的 InterDigital 故事只需几分钟。按你的方式进行。</p>
</div><p>A great starting point for your InterDigital research is our analysis highlighting 2 key rewards and 2 important warning signs that could impact your investment decision.</p>
<div class="lb-trans"><p>你对 InterDigital 研究的一个很好的起点是我们的分析，强调 2 个关键奖励和 2 个可能影响你投资决策的重要警示信号。</p>
</div><h2>Looking for More Smart Investment Ideas?</h2>
<div class="lb-trans"><h2>寻找更多聪明的投资想法？</h2>
</div><p>Don’t let great opportunities slip by. Level up your investing game in minutes by targeting stocks with potential that many others haven’t yet noticed. Use the power of tailored screeners and get a jump on tomorrow’s winners. Why settle for ordinary when you can invest with an edge?</p>
<div class="lb-trans"><p>不要让良机溜走。通过针对许多人尚未注意到的潜力股票，在几分钟内提升你的投资游戏。利用定制筛选器的力量，抢先获得明天的赢家。为什么要满足于普通，当你可以投资于更具优势的机会？</p>
</div><ul>
<li>Capture high yields by reviewing these 18 dividend stocks with yields &gt; 3% and see which companies consistently reward shareholders with robust, above-average payouts.</li>
<li>Focus on innovation leaders running the artificial intelligence race with these 24 AI penny stocks helping you filter for firms poised to dominate new markets.</li>
<li>Position yourself ahead of trends by scanning these 26 quantum computing stocks for companies pioneering quantum breakthroughs that could reshape industries faster than anyone expects.</li>
</ul>
<div class="lb-trans"><ul>
<li>通过审查这 18 只股息收益率超过 3% 的股票，捕捉高收益，看看哪些公司持续为股东提供强劲的超额分红。</li>
<li>专注于在人工智能竞赛中领先的创新者，筛选这 24 只 AI 小盘股，帮助你过滤出有望主导新市场的公司。</li>
<li>通过扫描这 26 只量子计算股票，提前把握趋势，寻找那些在量子突破方面处于领先地位的公司，这些突破可能会比任何人预期的更快地重塑行业。</li>
</ul>
</div><p><em>This article by Simply Wall St is general in nature. <strong>We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.</strong> It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.</em></p>
<div class="lb-trans"><p><em>本文由 Simply Wall St 撰写，内容具有一般性。<strong>我们提供基于历史数据和分析师预测的评论，仅使用无偏见的方法，我们的文章并不旨在提供财务建议。</strong> 它不构成买入或卖出任何股票的推荐，也不考虑你的目标或财务状况。我们的目标是为你提供以基本数据驱动的长期分析。请注意，我们的分析可能未考虑最新的价格敏感公司公告或定性材料。Simply Wall St 在提到的任何股票中没有持仓。</em></p>
</div>

InterDigital (IDCC)：在获得美国政府重大合同和新的频谱技术合作后进行估值评估