<p>安费诺（Amphenol，APH）在过去一年中悄然回报了耐心的投资者，股价几乎翻倍，过去三年则增长了三倍，但其最近一个月的走势相对平稳。</p>
<p>查看我们对安费诺的最新分析。</p>
<p>在 139.36 美元的股价下，安费诺 90 天的股价回报为 26.17%，过去一年总股东回报为 89.29%，显示出动能依然强劲，反映出对其增长和盈利韧性的信心。</p>
<p>如果安费诺的表现让你思考还有哪些可能意外上涨的股票，现在是探索高增长科技和人工智能股票的好时机，以寻找更多潜在的亮点。</p>
<p>在经历了一轮强劲的多年上涨后，股价刚好低于分析师目标价，关键问题是安费诺是否仍在低于其真实价值交易，还是市场已经将其未来增长的预期价格纳入了考虑。</p>
<h2>最受欢迎的叙述：低估 5.9%</h2>
<p>安费诺最近收盘价为 139.36 美元，而叙述中的公允价值接近 148 美元，这个故事倾向于加速结构性增长所蕴含的上行空间。</p>
<blockquote>
<p><em>对高科技的增强关注、由客户对关键任务高性能组件的需求驱动的差异化产品组合，增强了定价能力和运营效率，导致结构性更高的转化率和运营利润率，管理层现在的目标是 30% 的增量利润转化率，而历史水平为 25%。</em></p>
</blockquote>
<p>阅读完整叙述。</p>
<p>想看看雄心勃勃的收入增长、扩大的利润率和未来盈利倍数如何融入这个公允价值吗？叙述将每个要素连接起来。想知道哪些假设真正推动了它吗？继续阅读以揭示这个估值判断背后的完整蓝图。</p>
<p><strong>结果：公允价值 148.15 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，持续的人工智能数据中心强劲并非保证，较高的资本支出加上收购执行风险可能迅速挑战今天的优质增长叙述。</p>
<p>了解安费诺叙述的关键风险。</p>
<h2>估值的另一种角度</h2>
<p>远离叙述公允价值，当前 139.36 美元的价格看起来要求较高。在盈利方面，安费诺的市盈率约为 44.6 倍，而美国电子行业的市盈率为 24.6 倍，公允比率接近 35 倍，这使得如果增长放缓，风险倾向于倍数压缩。</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/c1c16a3d-251c-45bc-aca3-d6e1e060176f/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="" width="1640" height="650" original-src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/c1c16a3d-251c-45bc-aca3-d6e1e060176f/chart/pe-multiple-vs-industry"/></p>
<p>截至 2025 年 12 月的 NYSE:APH 市盈率</p>
<h2>构建你自己的安费诺叙述</h2>
<p>如果你对这个故事有不同看法或想自己深入数字，你可以在几分钟内构建个性化的视角：按你的方式进行。</p>
<p>你对安费诺研究的一个很好的起点是我们的分析，强调了两个关键奖励和一个可能影响你投资决策的重要警示信号。</p>
<h2>寻找更多投资想法？</h2>
<p>在你继续之前，通过 Simply Wall St 筛选器锁定你的下一个机会，专注于市场常常忽视的特定优势的股票想法。</p>
<ul>
<li>通过针对在现金流指标上看起来便宜的公司，捕捉潜在的市场错误定价，这些 906 只低估股票基于现金流。</li>
<li>通过跟踪塑造未来基础设施的创新者，利用这些 28 只量子计算股票，抓住计算前沿的突破。</li>
<li>通过关注这些 15 只收益率超过 3% 的股息股票，增强你的收入流，这些股票可以帮助你的投资组合提供可靠的现金回报。</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，我们的文章并不构成财务建议。</strong> 它不构成买入或卖出任何股票的推荐，也不考虑你的目标或财务状况。我们旨在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>

安费诺

<p>安费诺（Amphenol，APH）在过去一年中股价显著增长，几乎翻了一番。尽管近期走势平稳，但其估值显示可能被低估，合理价值接近 148 美元，而当前价格为 139.36 美元。该公司受益于高科技专注和改善的利润率，但面临来自人工智能数据中心实力和收购执行的风险。安费诺的市盈率较高，表明如果增长放缓可能存在潜在风险。鼓励投资者进一步探索分析和投资思路</p>

<p>Amphenol (APH) has quietly rewarded patient investors, with the stock nearly doubling over the past year and tripling over the past 3 years, yet its recent month-long move has been relatively flat.</p>
<div class="lb-trans"><p>安费诺（Amphenol，APH）在过去一年中悄然回报了耐心的投资者，股价几乎翻倍，过去三年则增长了三倍，但其最近一个月的走势相对平稳。</p>
</div><p>See our latest analysis for Amphenol.</p>
<div class="lb-trans"><p>查看我们对安费诺的最新分析。</p>
</div><p>At a share price of $139.36, Amphenol’s 90 day share price return of 26.17 percent, alongside an 89.29 percent total shareholder return over the past year, shows momentum is still very much intact and reflects confidence in its growth and earnings resilience.</p>
<div class="lb-trans"><p>在 139.36 美元的股价下，安费诺 90 天的股价回报为 26.17%，过去一年总股东回报为 89.29%，显示出动能依然强劲，反映出对其增长和盈利韧性的信心。</p>
</div><p>If Amphenol’s run has you thinking about what else could surprise to the upside, this is a good moment to explore high growth tech and AI stocks for more potential standouts.</p>
<div class="lb-trans"><p>如果安费诺的表现让你思考还有哪些可能意外上涨的股票，现在是探索高增长科技和人工智能股票的好时机，以寻找更多潜在的亮点。</p>
</div><p>With shares hovering just below analyst targets after a powerful multi year rally, the key question now is whether Amphenol is still trading below its true worth or if the market has already priced in its future growth.</p>
<div class="lb-trans"><p>在经历了一轮强劲的多年上涨后，股价刚好低于分析师目标价，关键问题是安费诺是否仍在低于其真实价值交易，还是市场已经将其未来增长的预期价格纳入了考虑。</p>
</div><h2>Most Popular Narrative: 5.9% Undervalued</h2>
<div class="lb-trans"><h2>最受欢迎的叙述：低估 5.9%</h2>
</div><p>With Amphenol last closing at $139.36 against a narrative fair value near $148, the story leans toward upside embedded in accelerating structural growth.</p>
<div class="lb-trans"><p>安费诺最近收盘价为 139.36 美元，而叙述中的公允价值接近 148 美元，这个故事倾向于加速结构性增长所蕴含的上行空间。</p>
</div><blockquote>
<p><em>Enhanced focus on high technology, differentiated product mix driven by customer demand for mission critical, high performance components has strengthened pricing power and operating efficiency, resulting in structurally higher conversion and operating margins, with management now targeting 30% incremental margin conversion versus the historical 25%.</em></p>
</blockquote>
<div class="lb-trans"><blockquote>
<p><em>对高科技的增强关注、由客户对关键任务高性能组件的需求驱动的差异化产品组合，增强了定价能力和运营效率，导致结构性更高的转化率和运营利润率，管理层现在的目标是 30% 的增量利润转化率，而历史水平为 25%。</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 see how ambitious revenue growth, expanding margins, and a punchy future earnings multiple all fit together into that fair value? The narrative connects every dot. Curious which assumptions really drive it? Read on to uncover the full blueprint behind this valuation call.</p>
<div class="lb-trans"><p>想看看雄心勃勃的收入增长、扩大的利润率和未来盈利倍数如何融入这个公允价值吗？叙述将每个要素连接起来。想知道哪些假设真正推动了它吗？继续阅读以揭示这个估值判断背后的完整蓝图。</p>
</div><p><strong>Result: Fair Value of $148.15 (UNDERVALUED)</strong></p>
<div class="lb-trans"><p><strong>结果：公允价值 148.15 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, sustained AI datacenter strength is not guaranteed, and elevated capex plus acquisition execution risk could quickly challenge today’s premium growth narrative.</p>
<div class="lb-trans"><p>然而，持续的人工智能数据中心强劲并非保证，较高的资本支出加上收购执行风险可能迅速挑战今天的优质增长叙述。</p>
</div><p>Find out about the key risks to this Amphenol narrative.</p>
<div class="lb-trans"><p>了解安费诺叙述的关键风险。</p>
</div><h2>Another Angle on Valuation</h2>
<div class="lb-trans"><h2>估值的另一种角度</h2>
</div><p>Step away from the narrative fair value and the current price of $139.36 looks demanding. On earnings, Amphenol trades at about 44.6 times, versus 24.6 times for the US Electronic industry and a fair ratio near 35 times, which tilts risk toward multiple compression if growth stumbles.</p>
<div class="lb-trans"><p>远离叙述公允价值，当前 139.36 美元的价格看起来要求较高。在盈利方面，安费诺的市盈率约为 44.6 倍，而美国电子行业的市盈率为 24.6 倍，公允比率接近 35 倍，这使得如果增长放缓，风险倾向于倍数压缩。</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/c1c16a3d-251c-45bc-aca3-d6e1e060176f/chart/pe-multiple-vs-industry" alt="" original-src="https://images.simplywall.st/company/c1c16a3d-251c-45bc-aca3-d6e1e060176f/chart/pe-multiple-vs-industry"/></p>
<p>NYSE:APH PE Ratio as at Dec 2025</p>
<div class="lb-trans"><p>截至 2025 年 12 月的 NYSE:APH 市盈率</p>
</div><h2>Build Your Own Amphenol Narrative</h2>
<div class="lb-trans"><h2>构建你自己的安费诺叙述</h2>
</div><p>If you see the story differently or want to dive into the numbers yourself, you can build a personalized view in just minutes: Do it your way.</p>
<div class="lb-trans"><p>如果你对这个故事有不同看法或想自己深入数字，你可以在几分钟内构建个性化的视角：按你的方式进行。</p>
</div><p>A great starting point for your Amphenol research is our analysis highlighting 2 key rewards and 1 important warning sign that could impact your investment decision.</p>
<div class="lb-trans"><p>你对安费诺研究的一个很好的起点是我们的分析，强调了两个关键奖励和一个可能影响你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>Before you move on, lock in your next opportunities with focused stock ideas from the Simply Wall St Screener, built to target specific strengths the market often overlooks.</p>
<div class="lb-trans"><p>在你继续之前，通过 Simply Wall St 筛选器锁定你的下一个机会，专注于市场常常忽视的特定优势的股票想法。</p>
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</ul>
<div class="lb-trans"><ul>
<li>通过针对在现金流指标上看起来便宜的公司，捕捉潜在的市场错误定价，这些 906 只低估股票基于现金流。</li>
<li>通过跟踪塑造未来基础设施的创新者，利用这些 28 只量子计算股票，抓住计算前沿的突破。</li>
<li>通过关注这些 15 只收益率超过 3% 的股息股票，增强你的收入流，这些股票可以帮助你的投资组合提供可靠的现金回报。</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，我们的文章并不构成财务建议。</strong> 它不构成买入或卖出任何股票的推荐，也不考虑你的目标或财务状况。我们旨在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>

安费诺（APH）：在经历多年强劲股价上涨后重新审视其估值