<p>费格森企业（FERG）在一家主要分析公司以 “跑赢大盘” 评级启动覆盖后引起了新的关注。几家券商也对该公司的分销领导地位保持了积极的看法。</p>
<p>查看我们对费格森企业的最新分析。</p>
<p>费格森年初至今的股价回报率为 40.3%，反映出不断增强的势头，这可能是由于对其分销领导地位的信心增强和稳定的盈利增长所推动。过去一年其 21.8% 的总股东回报率突显了长期投资者所看到的价值，即使在年初强劲上涨后最近出现了适度回调。</p>
<p>如果费格森的韧性让你重新考虑你的投资观察名单，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>在经历了一段良好表现后，股价徘徊在分析师目标价之下，投资者现在面临一个关键问题：费格森在其上涨后是否仍然处于便宜状态，还是市场预期未来会更加光明？</p>
<h2>最受欢迎的叙述：低估 5.4%</h2>
<p>根据 257.00 美元的公允价值估计和最近的收盘价 243.18 美元，该叙述认为费格森的股价还有上涨空间，因为对其下一个阶段的预期在增加。该叙述定价突显了分析师对有机增长和非住宅部门强劲表现的乐观情绪，但他们最新的假设如何呢？</p>
<blockquote>
<p><em>费格森在其 HVAC 业务中的战略投资，包括地理扩张和收购，预计将推动收入增长。对双重贸易转换和私有品牌 HVAC 系列 Durastar 的关注旨在在一个分散的行业中获取市场份额，并对未来的收入和盈利产生积极影响。</em></p>
</blockquote>
<p>阅读完整叙述。</p>
<p>好奇这个看涨目标背后的原因吗？一个假设是未来的利润倍数，即使对于行业领导者来说也很激进。完整叙述揭示了必须实现的大胆运营扩张和盈利预测，以便实现这个价格。深入了解市场押注的细节，看看这些数字如何相加。</p>
<p><strong>结果：公允价值为 257.00 美元（低估）</strong></p>
<p>完整阅读叙述，了解预测背后的原因。</p>
<p>然而，持续的商品通缩或较弱的住宅需求可能迅速破坏费格森的上涨潜力，并挑战即使是最乐观的增长预期。</p>
<p>了解费格森企业叙述的关键风险。</p>
<h2>另一种观点：通过倍数看估值</h2>
<p>虽然公允价值估计表明费格森被低估，但仔细观察其市盈率却讲述了一个不同的故事。费格森的市盈率为 25.7 倍，高于其同行平均的 22.8 倍和美国贸易分销行业平均的 20.6 倍。尽管如此，市场可能转向的公允比率为 30.3 倍。这表明，如果市场奖励持续的表现，仍然存在上涨空间。这里的差异突显了为已证明的增长支付溢价的风险，尤其是在趋势发生变化时。市场接下来会走向哪个方向？</p>
<p>查看数字对这个价格的看法——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/787036cd-d69e-47f1-9626-806bb2088675/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/787036cd-d69e-47f1-9626-806bb2088675/chart/pe-multiple-vs-industry"/></p>
<p>截至 2025 年 11 月的 NYSE:FERG 市盈率</p>
<h2>自定义费格森企业叙述</h2>
<p>如果这个前景与你的观点不符，或者你更愿意亲自深入数字，你可以在几分钟内塑造一个自定义叙述。按照你的方式进行。</p>
<p>进行费格森企业研究的一个很好的起点是我们的分析，强调了可能影响你投资决策的 3 个关键收益和 2 个重要警示信号。</p>
<h2>寻找更多聪明的投资想法？</h2>
<p>为什么要满足于普通股票，而不是寻找突出的机会？让自己走在前面，使用 Simply Wall Street 筛选器发现新的投资想法，这些可能是你下一个成功的举动。</p>
<ul>
<li>利用强大的 AI 驱动机会，评估这些在科技热门领域引起关注的 26 只 AI 便士股票，寻找未来的领导者。</li>
<li>通过瞄准这些 15 只收益率超过 3% 的股息股票，解锁稳定的收入来源，这些股票为你的投资组合提供了有吸引力的收益和持续的增长潜力。</li>
<li>利用这些 876 只被市场忽视但基于强大基本面可能带来显著上涨的低估股票，获得优势。</li>
</ul>
<p><em>这篇文章由 Simply Wall St 撰写，性质一般。<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，我们的文章不应被视为财务建议。</strong> 它不构成购买或出售任何股票的推荐，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>

FERG

<p>Ferguson Enterprises (FERG) 收到了来自一家主要分析公司的 “跑赢大盘” 评级，公允价值估计为 257.00 美元，表明其相较于最近的收盘价 243.18 美元被低估。该公司在 HVAC 业务上的战略投资和强大的分销领导力预计将推动增长。然而，其当前的市盈率为 25.7 倍，高于行业平均水平，显示出潜在风险。分析师对其未来持乐观态度，但对商品通缩或住宅需求疲软等潜在挑战表示谨慎</p>

<p>Ferguson Enterprises (FERG) caught fresh attention after a major analyst firm launched coverage with an 'Outperform' rating. Several brokerages also maintained favorable views on the company's distribution leadership.</p>
<div class="lb-trans"><p>费格森企业（FERG）在一家主要分析公司以 “跑赢大盘” 评级启动覆盖后引起了新的关注。几家券商也对该公司的分销领导地位保持了积极的看法。</p>
</div><p>See our latest analysis for Ferguson Enterprises.</p>
<div class="lb-trans"><p>查看我们对费格森企业的最新分析。</p>
</div><p>Ferguson's upbeat year-to-date share price return of 40.3% reflects building momentum, likely fueled by expanding confidence in its distribution leadership and steady earnings growth. Its robust 21.8% total shareholder return over the past year underscores the longer-term value investors have seen, even with a modest recent step back after strong advances earlier in the year.</p>
<div class="lb-trans"><p>费格森年初至今的股价回报率为 40.3%，反映出不断增强的势头，这可能是由于对其分销领导地位的信心增强和稳定的盈利增长所推动。过去一年其 21.8% 的总股东回报率突显了长期投资者所看到的价值，即使在年初强劲上涨后最近出现了适度回调。</p>
</div><p>If Ferguson’s resilience has you rethinking your investment watchlist, now is a great time to broaden your search and discover fast growing stocks with high insider ownership</p>
<div class="lb-trans"><p>如果费格森的韧性让你重新考虑你的投资观察名单，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 shares hovering just below analyst targets following a solid run, investors now face a crucial question: is Ferguson trading at a bargain after its surge, or is the market anticipating an even brighter future from here?</p>
<div class="lb-trans"><p>在经历了一段良好表现后，股价徘徊在分析师目标价之下，投资者现在面临一个关键问题：费格森在其上涨后是否仍然处于便宜状态，还是市场预期未来会更加光明？</p>
</div><h2>Most Popular Narrative: 5.4% Undervalued</h2>
<div class="lb-trans"><h2>最受欢迎的叙述：低估 5.4%</h2>
</div><p>With a fair value estimate of $257.00 and a recent close of $243.18, the narrative sees room for upside as expectations build for Ferguson’s next phase. The narrative pricing highlights increased analyst optimism given organic growth and non-residential sector strength, but how do their latest assumptions stack up?</p>
<div class="lb-trans"><p>根据 257.00 美元的公允价值估计和最近的收盘价 243.18 美元，该叙述认为费格森的股价还有上涨空间，因为对其下一个阶段的预期在增加。该叙述定价突显了分析师对有机增长和非住宅部门强劲表现的乐观情绪，但他们最新的假设如何呢？</p>
</div><blockquote>
<p><em>Ferguson's strategic investments in its HVAC business, including geographic expansion and acquisitions, are expected to drive revenue growth. The focus on dual trade conversions and the private label HVAC line, Durastar, aims to capture market share in a fragmented industry and positively impact future revenue and earnings.</em></p>
</blockquote>
<div class="lb-trans"><blockquote>
<p><em>费格森在其 HVAC 业务中的战略投资，包括地理扩张和收购，预计将推动收入增长。对双重贸易转换和私有品牌 HVAC 系列 Durastar 的关注旨在在一个分散的行业中获取市场份额，并对未来的收入和盈利产生积极影响。</em></p>
</blockquote>
</div><p>Read the complete narrative.</p>
<div class="lb-trans"><p>阅读完整叙述。</p>
</div><p>Curious what’s behind this bullish target? One assumption is a future profit multiple that’s aggressive even for industry leaders. The full narrative reveals the bold operational expansions and earnings forecasts that must play out for this price to be realized. Get into the details that the market is betting on and see how these numbers add up.</p>
<div class="lb-trans"><p>好奇这个看涨目标背后的原因吗？一个假设是未来的利润倍数，即使对于行业领导者来说也很激进。完整叙述揭示了必须实现的大胆运营扩张和盈利预测，以便实现这个价格。深入了解市场押注的细节，看看这些数字如何相加。</p>
</div><p><strong>Result: Fair Value of $257.00 (UNDERVALUED)</strong></p>
<div class="lb-trans"><p><strong>结果：公允价值为 257.00 美元（低估）</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, persistent commodity deflation or weaker residential demand could quickly derail Ferguson's upside and challenge even the most optimistic growth expectations.</p>
<div class="lb-trans"><p>然而，持续的商品通缩或较弱的住宅需求可能迅速破坏费格森的上涨潜力，并挑战即使是最乐观的增长预期。</p>
</div><p>Find out about the key risks to this Ferguson Enterprises narrative.</p>
<div class="lb-trans"><p>了解费格森企业叙述的关键风险。</p>
</div><h2>Another View: Looking at Valuation Through Multiples</h2>
<div class="lb-trans"><h2>另一种观点：通过倍数看估值</h2>
</div><p>While the fair value estimate points to Ferguson being undervalued, a closer look at its price-to-earnings ratio tells a different story. Ferguson trades at 25.7x earnings, which is higher than both its peer average of 22.8x and the US Trade Distributors industry average of 20.6x. Even so, the fair ratio that the market could shift toward is 30.3x. This suggests there is still upside if the market rewards ongoing performance. The difference here highlights the risks of paying a premium for proven growth, especially if trends shift. Which direction will the market take next?</p>
<div class="lb-trans"><p>虽然公允价值估计表明费格森被低估，但仔细观察其市盈率却讲述了一个不同的故事。费格森的市盈率为 25.7 倍，高于其同行平均的 22.8 倍和美国贸易分销行业平均的 20.6 倍。尽管如此，市场可能转向的公允比率为 30.3 倍。这表明，如果市场奖励持续的表现，仍然存在上涨空间。这里的差异突显了为已证明的增长支付溢价的风险，尤其是在趋势发生变化时。市场接下来会走向哪个方向？</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了解更多。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/787036cd-d69e-47f1-9626-806bb2088675/chart/pe-multiple-vs-industry" alt="" original-src="https://images.simplywall.st/company/787036cd-d69e-47f1-9626-806bb2088675/chart/pe-multiple-vs-industry"/></p>
<p>NYSE:FERG PE Ratio as at Nov 2025</p>
<div class="lb-trans"><p>截至 2025 年 11 月的 NYSE:FERG 市盈率</p>
</div><h2>Build Your Own Ferguson Enterprises Narrative</h2>
<div class="lb-trans"><h2>自定义费格森企业叙述</h2>
</div><p>If this outlook does not align with your perspective or you would rather dig into the numbers personally, you can shape a custom narrative in just a few minutes. Do it your way</p>
<div class="lb-trans"><p>如果这个前景与你的观点不符，或者你更愿意亲自深入数字，你可以在几分钟内塑造一个自定义叙述。按照你的方式进行。</p>
</div><p>A great starting point for your Ferguson Enterprises research is our analysis highlighting 3 key rewards and 2 important warning signs that could impact your investment decision.</p>
<div class="lb-trans"><p>进行费格森企业研究的一个很好的起点是我们的分析，强调了可能影响你投资决策的 3 个关键收益和 2 个重要警示信号。</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>Why settle for the usual stocks when there are standout opportunities waiting for you? Put yourself ahead of the crowd and use the Simply Wall Street Screener to uncover new investment ideas that could be your next winning move.</p>
<div class="lb-trans"><p>为什么要满足于普通股票，而不是寻找突出的机会？让自己走在前面，使用 Simply Wall Street 筛选器发现新的投资想法，这些可能是你下一个成功的举动。</p>
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<li>Gain an edge with these 876 undervalued stocks based on cash flows that the market has overlooked but could deliver significant upside based on strong fundamentals.</li>
</ul>
<div class="lb-trans"><ul>
<li>利用强大的 AI 驱动机会，评估这些在科技热门领域引起关注的 26 只 AI 便士股票，寻找未来的领导者。</li>
<li>通过瞄准这些 15 只收益率超过 3% 的股息股票，解锁稳定的收入来源，这些股票为你的投资组合提供了有吸引力的收益和持续的增长潜力。</li>
<li>利用这些 876 只被市场忽视但基于强大基本面可能带来显著上涨的低估股票，获得优势。</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>这篇文章由 Simply Wall St 撰写，性质一般。<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，我们的文章不应被视为财务建议。</strong> 它不构成购买或出售任何股票的推荐，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>

Ferguson Enterprises (FERG)：分析师的乐观情绪是否意味着其当前估值中存在投资机会？