<p>Piper Sandler Companies (PIPR) 在经历了两年的卓越表现后再次引起投资者的关注，收入年增长约为 17%，而每股收益的增长速度大约是这个速度的两倍。</p>
<p>查看我们对 Piper Sandler Companies 的最新分析。</p>
<p>这种强劲的表现越来越体现在市场上，当前股价为 357.45 美元，年初至今的股价回报率为 19.42%，这与强劲的五年总股东回报率 295.57% 相辅相成。这表明势头仍在持续，而非减弱。</p>
<p>如果 Piper Sandler 的表现让你思考其他可能隐藏着强劲执行力的公司，现在是探索高内部持股的快速成长股票的好时机，以寻找更多潜在的亮点。</p>
<p>在经历了强劲的多年增长后，股价刚好低于分析师目标价，真正的问题是 Piper Sandler 是否仍在低于其真实价值交易，还是市场已经反映了所有未来的增长。</p>
<h2>26.7 倍的市盈率：是否合理？</h2>
<p>当前股价 357.45 美元暗示了一个较高的估值，Piper Sandler 的市盈率为 26.7 倍，远高于同行。</p>
<p>市盈率比较投资者为每一美元当前收益所支付的价格。这是资本市场公司的一项关键指标，因为盈利能力可能是周期性的，并且对交易活动高度敏感。</p>
<p>在 Piper Sandler 的案例中，市场似乎在为公司最近的收益加速和稳健的执行支付溢价，可能预期当前的盈利能力变化可以持续，而不是回归均值。</p>
<p>然而，26.7 倍的倍数明显高于同行平均的 8.1 倍和更广泛的美国资本市场行业的 25 倍。这表明投资者正在给予一个超出该行业已经高企定价的溢价。</p>
<p>查看数字对这个价格的看法——在我们的估值分析中找出答案。</p>
<p><strong>结果：26.7 倍的市盈率（被高估）</strong></p>
<p>然而，资本市场活动的任何回落或收入增长的急剧放缓可能会迅速挑战 Piper Sandler 目前所拥有的溢价倍数。</p>
<p>了解与 Piper Sandler Companies 叙述相关的关键风险。</p>
<h2>另一种观点：DCF 信号显示更少的价值</h2>
<p>虽然 26.7 倍的市盈率已经显得紧张，但我们的 DCF 模型更加谨慎，建议的公允价值接近 60.85 美元。这意味着 Piper Sandler 可能以高溢价交易，并引发了情绪能维持多久的问题。</p>
<p>深入了解 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/b14345f3-bfb5-4701-9a35-ac04f818a779/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/b14345f3-bfb5-4701-9a35-ac04f818a779/chart/dcf"/></p>
<p>截至 2025 年 12 月的 PIPR 折现现金流</p>
<p>Simply Wall St 每天对全球每只股票进行折现现金流（DCF）分析（例如查看 Piper Sandler Companies）。我们展示了完整的计算过程。你可以在你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 899 只基于现金流的被低估股票。如果你保存一个筛选器，我们甚至会在新公司匹配时提醒你——这样你就不会错过潜在的机会。</p>
<h2>构建你自己的 Piper Sandler Companies 叙述</h2>
<p>如果你有不同的看法或想自己深入数字，你可以在几分钟内快速制定一个自定义观点：按照你的方式进行。</p>
<p>你对 Piper Sandler Companies 研究的一个很好的起点是我们的分析，强调了 2 个关键奖励和 3 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，考虑一下你的下一步，利用 Simply Wall St 筛选器提供的新鲜数据支持的想法，以免错过真正的机会。</p>
<ul>
<li>通过扫描这些 899 只基于现金流的被低估股票，捕捉潜在的错误定价，这些股票相对于其现金流前景和长期增长潜力显得便宜。</li>
<li>通过关注这 27 只涉及机器学习、自动化和智能软件采用的 AI 小型股，探索创新领域的公司。</li>
<li>通过关注这 15 只收益率超过 3% 的股息股票，优化你的收入策略，这些股票结合了股息支付和资本增值的潜力。</li>
</ul>
<p><em>这篇文章由 Simply Wall St 撰写，性质上是一般性的。<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>

PIPR

<p>Piper Sandler Companies (PIPR) 在过去两年中显示出强劲的收入和每股收益增长，目前股价为 357.45 美元，年初至今回报率为 19.42%。尽管如此，该公司的市盈率为 26.7 倍，相较于同行被认为是高估的。折现现金流模型显示其公允价值接近 60.85 美元，暗示存在潜在的高溢价。投资者应对资本市场活动或收入增长的任何挫折保持谨慎</p>

<p>Piper Sandler Companies (PIPR) is back on investors radar after two years of standout execution, with revenue climbing roughly 17% annually while earnings per share have been growing at about double that pace.</p>
<div class="lb-trans"><p>Piper Sandler Companies (PIPR) 在经历了两年的卓越表现后再次引起投资者的关注，收入年增长约为 17%，而每股收益的增长速度大约是这个速度的两倍。</p>
</div><p>See our latest analysis for Piper Sandler Companies.</p>
<div class="lb-trans"><p>查看我们对 Piper Sandler Companies 的最新分析。</p>
</div><p>That strength is increasingly being reflected in the market, with the share price at $357.45 and a year to date share price return of 19.42% complementing a powerful five year total shareholder return of 295.57%. This suggests momentum is still firmly building rather than fading.</p>
<div class="lb-trans"><p>这种强劲的表现越来越体现在市场上，当前股价为 357.45 美元，年初至今的股价回报率为 19.42%，这与强劲的五年总股东回报率 295.57% 相辅相成。这表明势头仍在持续，而非减弱。</p>
</div><p>If Piper Sandler’s run has you thinking about where else strong execution might be hiding, now is a good moment to explore fast growing stocks with high insider ownership for more potential standouts.</p>
<div class="lb-trans"><p>如果 Piper Sandler 的表现让你思考其他可能隐藏着强劲执行力的公司，现在是探索高内部持股的快速成长股票的好时机，以寻找更多潜在的亮点。</p>
</div><p>With the shares sitting just below analyst targets after a powerful multi year run, the real question now is whether Piper Sandler is still trading below its true worth or if markets already reflect all that future growth.</p>
<div class="lb-trans"><p>在经历了强劲的多年增长后，股价刚好低于分析师目标价，真正的问题是 Piper Sandler 是否仍在低于其真实价值交易，还是市场已经反映了所有未来的增长。</p>
</div><h2>Price-to-Earnings of 26.7x: Is it justified?</h2>
<div class="lb-trans"><h2>26.7 倍的市盈率：是否合理？</h2>
</div><p>The current share price of $357.45 implies a rich valuation, with Piper Sandler trading on a 26.7x price-to-earnings multiple that sits well above peers.</p>
<div class="lb-trans"><p>当前股价 357.45 美元暗示了一个较高的估值，Piper Sandler 的市盈率为 26.7 倍，远高于同行。</p>
</div><p>The price-to-earnings ratio compares what investors are paying for each dollar of current earnings. It is a key yardstick for capital markets firms where profitability can be cyclical and highly sensitive to deal activity.</p>
<div class="lb-trans"><p>市盈率比较投资者为每一美元当前收益所支付的价格。这是资本市场公司的一项关键指标，因为盈利能力可能是周期性的，并且对交易活动高度敏感。</p>
</div><p>In Piper Sandler’s case, the market appears to be paying up for the company’s sharp recent earnings acceleration and solid execution, potentially baking in expectations that the current profitability step change can be sustained rather than mean revert.</p>
<div class="lb-trans"><p>在 Piper Sandler 的案例中，市场似乎在为公司最近的收益加速和稳健的执行支付溢价，可能预期当前的盈利能力变化可以持续，而不是回归均值。</p>
</div><p>However, that 26.7x multiple is markedly higher than both the peer group average of 8.1x and the broader US Capital Markets industry at 25x. This signals that investors are assigning a premium that goes beyond the sector’s already elevated pricing.</p>
<div class="lb-trans"><p>然而，26.7 倍的倍数明显高于同行平均的 8.1 倍和更广泛的美国资本市场行业的 25 倍。这表明投资者正在给予一个超出该行业已经高企定价的溢价。</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出答案。</p>
</div><p><strong>Result: Price-to-earnings of 26.7x (OVERVALUED)</strong></p>
<div class="lb-trans"><p><strong>结果：26.7 倍的市盈率（被高估）</strong></p>
</div><p>However, any setback in capital markets activity or a sharp slowdown in revenue growth could quickly challenge the premium multiple that Piper Sandler now commands.</p>
<div class="lb-trans"><p>然而，资本市场活动的任何回落或收入增长的急剧放缓可能会迅速挑战 Piper Sandler 目前所拥有的溢价倍数。</p>
</div><p>Find out about the key risks to this Piper Sandler Companies narrative.</p>
<div class="lb-trans"><p>了解与 Piper Sandler Companies 叙述相关的关键风险。</p>
</div><h2>Another View: DCF Signals Even Less Value</h2>
<div class="lb-trans"><h2>另一种观点：DCF 信号显示更少的价值</h2>
</div><p>While the 26.7x earnings multiple already looks stretched, our DCF model is even more cautious and suggests fair value closer to $60.85. That implies Piper Sandler could be trading at a hefty premium and raises the question of how long sentiment can stay this strong.</p>
<div class="lb-trans"><p>虽然 26.7 倍的市盈率已经显得紧张，但我们的 DCF 模型更加谨慎，建议的公允价值接近 60.85 美元。这意味着 Piper Sandler 可能以高溢价交易，并引发了情绪能维持多久的问题。</p>
</div><p>Look into how the SWS DCF model arrives at its fair value.</p>
<div class="lb-trans"><p>深入了解 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/b14345f3-bfb5-4701-9a35-ac04f818a779/chart/dcf" alt="" original-src="https://images.simplywall.st/company/b14345f3-bfb5-4701-9a35-ac04f818a779/chart/dcf"/></p>
<p>PIPR Discounted Cash Flow as at Dec 2025</p>
<div class="lb-trans"><p>截至 2025 年 12 月的 PIPR 折现现金流</p>
</div><p>Simply Wall St performs a discounted cash flow (DCF) on every stock in the world every day (check out Piper Sandler Companies 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 899 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折现现金流（DCF）分析（例如查看 Piper Sandler Companies）。我们展示了完整的计算过程。你可以在你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 899 只基于现金流的被低估股票。如果你保存一个筛选器，我们甚至会在新公司匹配时提醒你——这样你就不会错过潜在的机会。</p>
</div><h2>Build Your Own Piper Sandler Companies Narrative</h2>
<div class="lb-trans"><h2>构建你自己的 Piper Sandler Companies 叙述</h2>
</div><p>If you see things differently or want to dig into the numbers yourself, you can quickly craft a custom viewpoint in just a few minutes: Do it your way.</p>
<div class="lb-trans"><p>如果你有不同的看法或想自己深入数字，你可以在几分钟内快速制定一个自定义观点：按照你的方式进行。</p>
</div><p>A great starting point for your Piper Sandler Companies research is our analysis highlighting 2 key rewards and 3 important warning signs that could impact your investment decision.</p>
<div class="lb-trans"><p>你对 Piper Sandler Companies 研究的一个很好的起点是我们的分析，强调了 2 个关键奖励和 3 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, consider your next move with fresh, data backed ideas from the Simply Wall St screener so real opportunities do not slip past you.</p>
<div class="lb-trans"><p>在你继续之前，考虑一下你的下一步，利用 Simply Wall St 筛选器提供的新鲜数据支持的想法，以免错过真正的机会。</p>
</div><ul>
<li>Capture potential mispricings by scanning these 899 undervalued stocks based on cash flows that appear inexpensive relative to their cash flow prospects and long term growth runway.</li>
<li>Explore companies in innovation focused areas by targeting these 27 AI penny stocks involved in machine learning, automation, and intelligent software adoption.</li>
<li>Refine your income strategy by focusing on these 15 dividend stocks with yields &gt; 3% that combine dividend payouts with the potential for capital appreciation.</li>
</ul>
<div class="lb-trans"><ul>
<li>通过扫描这些 899 只基于现金流的被低估股票，捕捉潜在的错误定价，这些股票相对于其现金流前景和长期增长潜力显得便宜。</li>
<li>通过关注这 27 只涉及机器学习、自动化和智能软件采用的 AI 小型股，探索创新领域的公司。</li>
<li>通过关注这 15 只收益率超过 3% 的股息股票，优化你的收入策略，这些股票结合了股息支付和资本增值的潜力。</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，性质上是一般性的。<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>

Piper Sandler (PIPR)：在经历了两年强劲的收入和每股收益增长后，评估其高估值