<p>MasterBrand 的第三季度财报刚刚发布，显示出与去年相比销售和利润的下降。投资者也在消化反映关税挑战和公司应对措施的新指引。</p>
<p>查看我们对 MasterBrand 的最新分析。</p>
<p>MasterBrand 的股票今年承压，最新的财报和关税更新对市场情绪造成了影响。该股年初至今的股价回报为-24.7%，过去一年的总股东回报为-35.5%。这表明，随着管理层采取积极措施来抵消新的逆风，当前的势头正在减弱。</p>
<p>如果你在寻找 MasterBrand 之外的下一个投资想法，现在是扩大搜索范围、发现高内部持股的快速增长股票的好时机。</p>
<p>在近期的下滑和新的关税压力下，MasterBrand 当前的估值是否对耐心的投资者来说是一个隐藏的 bargain？还是市场已经考虑了所有挑战和可能的反弹？</p>
<h2>16.8 倍的市盈率：是否合理？</h2>
<p>MasterBrand 目前的市盈率为 16.8 倍，高于同行平均的 14.9 倍。根据最近的盈利情况，这意味着投资者为每一美元的利润支付了溢价，相较于类似公司。</p>
<p>市盈率指示市场愿意为 MasterBrand 当前和未来的盈利支付多少。较高的市盈率可能反映出对增长的预期、强劲的利润稳定性或市场对商业模式的信心。相反，较低的市盈率则表明市场看到更大的风险或有限的上行空间。</p>
<p>尽管相较于同行的市盈率较高，MasterBrand 的利润率却逐年下降，利润实际上也在减少，这引发了对这种乐观情绪是否合理的质疑。与美国建筑行业平均市盈率 19.9 倍相比，MasterBrand 在该行业内看起来更便宜。然而，这一折扣可能是由于持续的增长和盈利压力所致。</p>
<p>查看数字对这个价格的看法——在我们的估值分析中找到答案。</p>
<p><strong>结果：16.8 倍的市盈率（被高估）</strong></p>
<p>然而，温和的收入增长和持续的关税挑战可能会削弱任何乐观情绪。如果情况不尽快改善，股价可能会受到影响。</p>
<p>了解影响 MasterBrand 叙述的关键风险。</p>
<h2>另一种观点：贴现现金流显示被低估</h2>
<p>虽然与同行相比，MasterBrand 的股价看起来昂贵，但我们的 DCF 模型描绘了不同的图景。SWS DCF 模型估计的公允价值为 12.72 美元。这表明当前价格 10.99 美元约低于其内在价值的 13.6%。</p>
<p>了解 SWS DCF 模型如何得出其公允价值。</p>
<p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/1aa8b289-2546-4148-b081-9b070e9756d2/chart/dcf?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/1aa8b289-2546-4148-b081-9b070e9756d2/chart/dcf"/></p>
<p>截至 2025 年 11 月的 MBC 贴现现金流</p>
<p>Simply Wall St 每天对全球每只股票进行贴现现金流（DCF）分析（例如查看 MasterBrand）。我们展示了完整的计算过程。您可以在您的观察列表或投资组合中跟踪结果，并在变化时收到提醒，或者使用我们的股票筛选器发现 876 只基于现金流的被低估股票。如果您保存筛选器，我们甚至会在新公司匹配时提醒您——这样您就不会错过潜在机会。</p>
<h2>构建您自己的 MasterBrand 叙述</h2>
<p>如果您想要一个新的视角或想自己深入数字，您可以在几分钟内快速构建自己的见解和叙述。按照您的方式进行。</p>
<p>您进行 MasterBrand 研究的一个很好的起点是我们的分析，突出了 1 个关键奖励和 4 个可能影响您投资决策的重要警示信号。</p>
<h2>寻找更多投资想法？</h2>
<p>聪明的投资者知道，最强的回报往往来自超越显而易见的思考。让我帮助您发现可能改变您投资组合的突出机会。</p>
<ul>
<li>通过这些 16 只股息收益率超过 3% 的可靠收入股票来增强您的观察列表，这些股票持续提供丰厚的收益。</li>
<li>通过投资这些 25 只重新定义行业并推动创新边界的 AI 便士股，抓住 AI 热潮的机会。</li>
<li>通过获取这些 3588 只财务状况良好的便士股，提前布局，抓住爆炸性增长和巨大上行潜力的机会。</li>
</ul>
<p><em>本文由 Simply Wall St 撰写，内容具有一般性。<strong>我们基于历史数据和分析师预测提供评论，仅使用无偏见的方法，我们的文章不构成财务建议。</strong> 它不构成买入或卖出任何股票的推荐，也不考虑您的目标或财务状况。我们旨在为您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>

<p>MasterBrand 第三季度财报显示销售和利润下降，股价年初至今下跌 24.7%。公司面临关税挑战，导致指导方针更新。目前的市盈率为 16.8 倍，高于同行，尽管折现现金流模型表明其可能在 12.72 美元时被低估，但仍引发了对估值的担忧。建议投资者考虑风险，并在增长和盈利能力持续承压的情况下探索其他投资机会</p>

<p>MasterBrand’s third-quarter earnings report just dropped, underscoring a dip in sales and profit compared to last year. Investors are also digesting new guidance for the year that reflects tariff challenges and the company’s response.</p>
<div class="lb-trans"><p>MasterBrand 的第三季度财报刚刚发布，显示出与去年相比销售和利润的下降。投资者也在消化反映关税挑战和公司应对措施的新指引。</p>
</div><p>See our latest analysis for MasterBrand.</p>
<div class="lb-trans"><p>查看我们对 MasterBrand 的最新分析。</p>
</div><p>Shares of MasterBrand have come under pressure this year, with the latest earnings and tariff updates weighing on sentiment. The stock has delivered a -24.7% year-to-date share price return and a -35.5% total shareholder return over the past year. This signals that momentum is currently fading as management takes proactive steps to offset fresh headwinds.</p>
<div class="lb-trans"><p>MasterBrand 的股票今年承压，最新的财报和关税更新对市场情绪造成了影响。该股年初至今的股价回报为-24.7%，过去一年的总股东回报为-35.5%。这表明，随着管理层采取积极措施来抵消新的逆风，当前的势头正在减弱。</p>
</div><p>If you’re looking for your next idea beyond MasterBrand, now is a great moment to broaden your search and discover fast growing stocks with high insider ownership</p>
<div class="lb-trans"><p>如果你在寻找 MasterBrand 之外的下一个投资想法，现在是扩大搜索范围、发现高内部持股的快速增长股票的好时机。</p>
</div><p>With recent declines and new tariff pressures, is MasterBrand's current valuation a hidden bargain for patient investors? Or has the market already factored in every challenge and possible rebound?</p>
<div class="lb-trans"><p>在近期的下滑和新的关税压力下，MasterBrand 当前的估值是否对耐心的投资者来说是一个隐藏的 bargain？还是市场已经考虑了所有挑战和可能的反弹？</p>
</div><h2>Price-to-Earnings of 16.8x: Is it justified?</h2>
<div class="lb-trans"><h2>16.8 倍的市盈率：是否合理？</h2>
</div><p>MasterBrand is currently trading at a price-to-earnings (P/E) ratio of 16.8x, which sits higher than the peer average of 14.9x. Based on recent earnings, this implies investors are paying a premium for each dollar of profit compared to similar companies.</p>
<div class="lb-trans"><p>MasterBrand 目前的市盈率为 16.8 倍，高于同行平均的 14.9 倍。根据最近的盈利情况，这意味着投资者为每一美元的利润支付了溢价，相较于类似公司。</p>
</div><p>The P/E ratio indicates what the market is willing to pay for MasterBrand’s current and future earnings. A higher P/E can reflect expectations for growth, strong profit stability, or market confidence in the business model. In contrast, a lower P/E suggests the market sees greater risk or limited upside.</p>
<div class="lb-trans"><p>市盈率指示市场愿意为 MasterBrand 当前和未来的盈利支付多少。较高的市盈率可能反映出对增长的预期、强劲的利润稳定性或市场对商业模式的信心。相反，较低的市盈率则表明市场看到更大的风险或有限的上行空间。</p>
</div><p>Despite trading at a premium to its peers, MasterBrand’s profit margins have slipped year on year and profits have actually declined, raising questions about whether such optimism is warranted. Compared to the US Building industry average P/E of 19.9x, MasterBrand looks cheaper within the sector. However, the discount could be justified by ongoing pressures on growth and profitability.</p>
<div class="lb-trans"><p>尽管相较于同行的市盈率较高，MasterBrand 的利润率却逐年下降，利润实际上也在减少，这引发了对这种乐观情绪是否合理的质疑。与美国建筑行业平均市盈率 19.9 倍相比，MasterBrand 在该行业内看起来更便宜。然而，这一折扣可能是由于持续的增长和盈利压力所致。</p>
</div><p>See what the numbers say about this price — find out in our valuation breakdown.</p>
<div class="lb-trans"><p>查看数字对这个价格的看法——在我们的估值分析中找到答案。</p>
</div><p><strong>Result: Price-to-Earnings of 16.8x (OVERVALUED)</strong></p>
<div class="lb-trans"><p><strong>结果：16.8 倍的市盈率（被高估）</strong></p>
</div><p>However, softer revenue growth and persistent tariff challenges could undermine any optimism. This may leave the share price vulnerable if conditions do not improve soon.</p>
<div class="lb-trans"><p>然而，温和的收入增长和持续的关税挑战可能会削弱任何乐观情绪。如果情况不尽快改善，股价可能会受到影响。</p>
</div><p>Find out about the key risks to this MasterBrand narrative.</p>
<div class="lb-trans"><p>了解影响 MasterBrand 叙述的关键风险。</p>
</div><h2>Another View: Discounted Cash Flow Says Undervalued</h2>
<div class="lb-trans"><h2>另一种观点：贴现现金流显示被低估</h2>
</div><p>While MasterBrand’s share price looks expensive when compared to peers, our DCF model paints a different picture. The SWS DCF model estimates a fair value of $12.72. This suggests that the current price of $10.99 is about 13.6% below its intrinsic worth.</p>
<div class="lb-trans"><p>虽然与同行相比，MasterBrand 的股价看起来昂贵，但我们的 DCF 模型描绘了不同的图景。SWS DCF 模型估计的公允价值为 12.72 美元。这表明当前价格 10.99 美元约低于其内在价值的 13.6%。</p>
</div><p>Look into how the SWS DCF model arrives at its fair value.</p>
<div class="lb-trans"><p>了解 SWS DCF 模型如何得出其公允价值。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/1aa8b289-2546-4148-b081-9b070e9756d2/chart/dcf" alt="" original-src="https://images.simplywall.st/company/1aa8b289-2546-4148-b081-9b070e9756d2/chart/dcf"/></p>
<p>MBC Discounted Cash Flow as at Nov 2025</p>
<div class="lb-trans"><p>截至 2025 年 11 月的 MBC 贴现现金流</p>
</div><p>Simply Wall St performs a discounted cash flow (DCF) on every stock in the world every day (check out MasterBrand for example). We show the entire calculation in full. You can track the result in your watchlist or portfolio and be alerted when this changes, or use our stock screener to discover 876 undervalued stocks based on their cash flows. If you save a screener we even alert you when new companies match - so you never miss a potential opportunity.</p>
<div class="lb-trans"><p>Simply Wall St 每天对全球每只股票进行贴现现金流（DCF）分析（例如查看 MasterBrand）。我们展示了完整的计算过程。您可以在您的观察列表或投资组合中跟踪结果，并在变化时收到提醒，或者使用我们的股票筛选器发现 876 只基于现金流的被低估股票。如果您保存筛选器，我们甚至会在新公司匹配时提醒您——这样您就不会错过潜在机会。</p>
</div><h2>Build Your Own MasterBrand Narrative</h2>
<div class="lb-trans"><h2>构建您自己的 MasterBrand 叙述</h2>
</div><p>If you’d like a fresh perspective or want to dig into the numbers yourself, you can quickly build your own insight and narrative in just a few minutes. Do it your way</p>
<div class="lb-trans"><p>如果您想要一个新的视角或想自己深入数字，您可以在几分钟内快速构建自己的见解和叙述。按照您的方式进行。</p>
</div><p>A great starting point for your MasterBrand research is our analysis highlighting 1 key reward and 4 important warning signs that could impact your investment decision.</p>
<div class="lb-trans"><p>您进行 MasterBrand 研究的一个很好的起点是我们的分析，突出了 1 个关键奖励和 4 个可能影响您投资决策的重要警示信号。</p>
</div><h2>Looking for more investment ideas?</h2>
<div class="lb-trans"><h2>寻找更多投资想法？</h2>
</div><p>Smart investors know the strongest returns often come from thinking beyond the obvious. Let me help you uncover standout opportunities that could transform your portfolio this year.</p>
<div class="lb-trans"><p>聪明的投资者知道，最强的回报往往来自超越显而易见的思考。让我帮助您发现可能改变您投资组合的突出机会。</p>
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<div class="lb-trans"><ul>
<li>通过这些 16 只股息收益率超过 3% 的可靠收入股票来增强您的观察列表，这些股票持续提供丰厚的收益。</li>
<li>通过投资这些 25 只重新定义行业并推动创新边界的 AI 便士股，抓住 AI 热潮的机会。</li>
<li>通过获取这些 3588 只财务状况良好的便士股，提前布局，抓住爆炸性增长和巨大上行潜力的机会。</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>我们基于历史数据和分析师预测提供评论，仅使用无偏见的方法，我们的文章不构成财务建议。</strong> 它不构成买入或卖出任何股票的推荐，也不考虑您的目标或财务状况。我们旨在为您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>

MasterBrand (MBC)：在第三季度收益下降以及更新的关税阻力指引后评估其估值