<ul>
<li>如果你在考虑爱默生电气（Emerson Electric）每股约 136 美元是否仍然是一个明智的投资，或者说轻松获利的机会是否已经过去，那么这份分析适合你。</li>
<li>该股票在过去一周下跌了约 0.5%，但在过去一个月上涨了 7.1%，年初至今上涨了 11.8%，五年来上涨了 87.4%，这一模式暗示了其持续的实力和预期的变化。</li>
<li>最近，爱默生因其向更高增长的自动化和工业软件战略转型而受到关注，这一转型得到了系列投资组合调整和收购的支持，旨在增强其专注度。这些举措帮助重新塑造了投资者对其长期增长和风险特征的看法，并为最新的价格走势提供了背景。</li>
<li>目前，爱默生的估值检查得分为 3/6，表明市场可能仅对其被低估的看法有一半的信心。我们将逐步分析这在不同估值方法中的含义，然后以更全面的方式思考其真实价值。</li>
</ul>
<p>了解为什么爱默生电气过去一年的 6.7% 回报落后于同行。</p>
<h3>方法一：爱默生电气折现现金流（DCF）分析</h3>
<p>折现现金流模型通过预测企业未来能够产生的现金流，并将这些现金流折现回今天的价值，来估算企业今天的价值。</p>
<p>对于爱默生电气，最新的十二个月自由现金流约为 27 亿美元。分析师和模型预测认为这一数字将稳步上升，预计到 2029 年自由现金流将达到约 71 亿美元，并在下一个十年继续增长。这里使用的两阶段自由现金流到股权模型结合了分析师对未来几年的估计与 Simply Wall St 的长期外推，以建立 10 年的现金流展望。</p>
<p>当这些预测的现金流被折现回去时，该模型得出的内在价值约为每股 228.10 美元。与当前每股约 136 美元的价格相比，DCF 暗示该股票大约被低估了 40.1%。这表明市场并未充分考虑爱默生的长期现金生成潜力。</p>
<p><strong>结果：被低估</strong></p>
<p>我们的折现现金流（DCF）分析表明爱默生电气被低估了 40.1%。将其添加到你的观察列表或投资组合中，或发现基于现金流的 908 只被低估股票。</p>
<p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/3a0a248a-beee-4604-aad4-ec3533a88708/chart/dcf?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" width="1706" height="760" original-src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/3a0a248a-beee-4604-aad4-ec3533a88708/chart/dcf"/></p>
<p>截至 2025 年 12 月的 EMR 折现现金流</p>
<p>前往我们公司报告的估值部分，了解我们如何得出爱默生电气的公允价值的更多细节。</p>
<h3>方法二：爱默生电气的价格与收益</h3>
<p>对于像爱默生电气这样盈利的公司，市盈率是衡量投资者是否为每一美元的当前利润支付合理价格的实用方法。一般来说，较快的增长和较低的风险可以支持更高的市盈率，而较慢的增长或更高的不确定性通常需要较低的、更保守的倍数。</p>
<p>爱默生目前的市盈率约为 33.6 倍。这一倍数略高于电气行业平均水平约 31.6 倍，但低于更广泛的同行平均水平约 44.1 倍。这表明投资者愿意为该行业支付溢价，但并不是像科技公司那样的增长倍数。为了细化这一观点，Simply Wall St 计算出一个专有的公允比率为 31.9 倍。这反映了在考虑爱默生的盈利增长前景、盈利能力、风险特征、行业定位和市值后，爱默生的市盈率应该是多少。</p>
<p>这个公允比率提供了一个比简单的同行或行业比较更为量身定制的基准，因为它将倍数与爱默生的具体基本面相结合，而不是一刀切的平均值。当前市盈率仅略高于 31.9 倍的公允比率，因此该股票在盈利方面被视为大致合理估值。</p>
<p><strong>结果：大致合理</strong></p>
<p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/3a0a248a-beee-4604-aad4-ec3533a88708/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/3a0a248a-beee-4604-aad4-ec3533a88708/chart/pe-multiple-vs-industry"/></p>
<p>截至 2025 年 12 月的 NYSE:EMR 市盈率</p>
<p>市盈率讲述了一个故事，但如果真正的机会在其他地方呢？发现 1445 家公司，内部人士正在大举押注于爆炸性增长。</p>
<h3>提升你的决策能力：选择你的爱默生电气叙述</h3>
<p>我们之前提到过，还有一种更好的理解估值的方法，因此让我们向你介绍叙述，这是一种将你对爱默生电气未来的看法与具体预测和公允价值相连接的简单方式。</p>
<p>叙述是你对数字背后的故事，在这里你阐述你对爱默生未来收入、盈利和利润率的看法，并将这个故事直接与财务模型和公允价值估计联系起来。</p>
<p>在 Simply Wall St 的社区页面上，数百万投资者使用叙述，使这一过程变得简单易行，让你看到你的假设如何转化为公允价值，然后决定当前价格是否表明买入、持有或卖出。</p>
<p>因为叙述会随着新消息、收益或指引的到来而动态更新，你的公允价值观点将与现实保持同步，而不是过时。</p>
<p>例如，一位投资者可能会建立一个乐观的爱默生叙述，假设利润率随着强劲的自动化需求上升至 16%，公允价值接近 185 美元。相反，一位更谨慎的投资者，担心周期性和整合风险，可能只看到适度的增长和接近 111 美元的公允价值。叙述让你透明地比较和细化这两种观点。</p>
<p>你认为爱默生电气的故事还有更多内容吗？前往我们的社区，看看其他人怎么说！</p>
<p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/3a0a248a-beee-4604-aad4-ec3533a88708/chart/quote-price?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" width="1510" height="1044" original-src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/3a0a248a-beee-4604-aad4-ec3533a88708/chart/quote-price"/></p>
<p>NYSE:EMR 1 年股票价格走势图</p>
<p><em>这篇来自 Simply Wall St 的文章具有一般性。<strong>我们仅基于历史数据和分析师预测提供评论，采用无偏见的方法，我们的文章并不意图作为财务建议。</strong> 它不构成买卖任何股票的推荐，也未考虑您的目标或财务状况。我们的目标是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均没有持仓。</em></p>
<p>国防与灾难的移动基础设施</p>
<p>下一波机器人技术不是类人型的。它是完全自主的塔，在 30 分钟内提供 5G、ISR 和雷达，随处可用。</p>
<p>在下一轮合同之前获取投资者简报</p>
<p>代表 CiTech 赞助</p>

艾默生电气

<p>艾默生电气的股票目前约为 136 美元，正在分析其投资潜力。尽管最近下跌了 0.5%，但该股票在过去五年中显示出显著增长。艾默生向自动化和工业软件的战略转型重新塑造了投资者的看法。折现现金流分析表明，该股票被低估了 40.1%，预计内在价值为每股 228.10 美元。市盈率表明该股票的估值合理。投资者被鼓励考虑艾默生的长期增长潜力和估值叙事</p>

<ul>
<li>If you are wondering whether Emerson Electric at around $136 a share is still a smart buy or if the easy money has already been made, this breakdown is for you.</li>
<li>The stock has slipped about 0.5% over the last week, but is still up 7.1% over the past month, 11.8% year to date, and 87.4% over five years, a pattern that hints at both staying power and shifting expectations.</li>
<li>Recently, Emerson has been in the spotlight for its strategic pivot toward higher growth automation and industrial software, supported by a series of portfolio moves and acquisitions that aim to sharpen its focus. Those moves have helped reshape how investors think about its long term growth and risk profile, and they form the backdrop for the latest price action.</li>
<li>Right now, Emerson scores a 3/6 valuation check score, suggesting the market might be only half convinced it is undervalued. We will walk through what that means across different valuation methods, then finish with a more complete way to think about its true worth.</li>
</ul>
<div class="lb-trans"><ul>
<li>如果你在考虑爱默生电气（Emerson Electric）每股约 136 美元是否仍然是一个明智的投资，或者说轻松获利的机会是否已经过去，那么这份分析适合你。</li>
<li>该股票在过去一周下跌了约 0.5%，但在过去一个月上涨了 7.1%，年初至今上涨了 11.8%，五年来上涨了 87.4%，这一模式暗示了其持续的实力和预期的变化。</li>
<li>最近，爱默生因其向更高增长的自动化和工业软件战略转型而受到关注，这一转型得到了系列投资组合调整和收购的支持，旨在增强其专注度。这些举措帮助重新塑造了投资者对其长期增长和风险特征的看法，并为最新的价格走势提供了背景。</li>
<li>目前，爱默生的估值检查得分为 3/6，表明市场可能仅对其被低估的看法有一半的信心。我们将逐步分析这在不同估值方法中的含义，然后以更全面的方式思考其真实价值。</li>
</ul>
</div><p>Find out why Emerson Electric's 6.7% return over the last year is lagging behind its peers.</p>
<div class="lb-trans"><p>了解为什么爱默生电气过去一年的 6.7% 回报落后于同行。</p>
</div><h3>Approach 1: Emerson Electric Discounted Cash Flow (DCF) Analysis</h3>
<div class="lb-trans"><h3>方法一：爱默生电气折现现金流（DCF）分析</h3>
</div><p>A Discounted Cash Flow model estimates what a business is worth today by projecting the cash it can generate in the future and then discounting those cash flows back to their value in $ today.</p>
<div class="lb-trans"><p>折现现金流模型通过预测企业未来能够产生的现金流，并将这些现金流折现回今天的价值，来估算企业今天的价值。</p>
</div><p>For Emerson Electric, the latest twelve month free cash flow is about $2.7 Billion. Analysts and model projections see this rising steadily, with free cash flow expected to reach roughly $7.1 Billion by 2029 and continuing to grow into the next decade. The 2 Stage Free Cash Flow to Equity model used here blends analyst estimates for the next several years with longer term extrapolations by Simply Wall St to build a 10 year cash flow outlook.</p>
<div class="lb-trans"><p>对于爱默生电气，最新的十二个月自由现金流约为 27 亿美元。分析师和模型预测认为这一数字将稳步上升，预计到 2029 年自由现金流将达到约 71 亿美元，并在下一个十年继续增长。这里使用的两阶段自由现金流到股权模型结合了分析师对未来几年的估计与 Simply Wall St 的长期外推，以建立 10 年的现金流展望。</p>
</div><p>When those projected cash flows are discounted back, the model arrives at an intrinsic value of about $228.10 per share. Compared with the current share price around $136, the DCF implies the stock is roughly 40.1% undervalued. This suggests the market is not fully pricing in Emerson’s long term cash generation potential.</p>
<div class="lb-trans"><p>当这些预测的现金流被折现回去时，该模型得出的内在价值约为每股 228.10 美元。与当前每股约 136 美元的价格相比，DCF 暗示该股票大约被低估了 40.1%。这表明市场并未充分考虑爱默生的长期现金生成潜力。</p>
</div><p><strong>Result: UNDERVALUED</strong></p>
<div class="lb-trans"><p><strong>结果：被低估</strong></p>
</div><p>Our Discounted Cash Flow (DCF) analysis suggests Emerson Electric is undervalued by 40.1%. Track this in your watchlist or portfolio, or discover 908 more undervalued stocks based on cash flows.</p>
<div class="lb-trans"><p>我们的折现现金流（DCF）分析表明爱默生电气被低估了 40.1%。将其添加到你的观察列表或投资组合中，或发现基于现金流的 908 只被低估股票。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/3a0a248a-beee-4604-aad4-ec3533a88708/chart/dcf" alt="" original-src="https://images.simplywall.st/company/3a0a248a-beee-4604-aad4-ec3533a88708/chart/dcf"/></p>
<p>EMR Discounted Cash Flow as at Dec 2025</p>
<div class="lb-trans"><p>截至 2025 年 12 月的 EMR 折现现金流</p>
</div><p>Head to the Valuation section of our Company Report for more details on how we arrive at this Fair Value for Emerson Electric.</p>
<div class="lb-trans"><p>前往我们公司报告的估值部分，了解我们如何得出爱默生电气的公允价值的更多细节。</p>
</div><h3>Approach 2: Emerson Electric Price vs Earnings</h3>
<div class="lb-trans"><h3>方法二：爱默生电气的价格与收益</h3>
</div><p>For a profitable company like Emerson Electric, the price to earnings ratio is a practical way to gauge whether investors are paying a reasonable price for each dollar of current profits. In general, faster growth and lower risk justify a higher PE, while slower growth or higher uncertainty usually call for a lower, more conservative multiple.</p>
<div class="lb-trans"><p>对于像爱默生电气这样盈利的公司，市盈率是衡量投资者是否为每一美元的当前利润支付合理价格的实用方法。一般来说，较快的增长和较低的风险可以支持更高的市盈率，而较慢的增长或更高的不确定性通常需要较低的、更保守的倍数。</p>
</div><p>Emerson currently trades on a PE of about 33.6x. That sits modestly above the Electrical industry average of roughly 31.6x, but below the broader peer group average near 44.1x. This suggests investors are willing to pay a premium to the sector, yet not a technology-like growth multiple. To refine this view, Simply Wall St calculates a proprietary Fair Ratio of 31.9x. This reflects what Emerson’s PE should be after factoring in its earnings growth outlook, profitability, risk profile, industry positioning, and market cap.</p>
<div class="lb-trans"><p>爱默生目前的市盈率约为 33.6 倍。这一倍数略高于电气行业平均水平约 31.6 倍，但低于更广泛的同行平均水平约 44.1 倍。这表明投资者愿意为该行业支付溢价，但并不是像科技公司那样的增长倍数。为了细化这一观点，Simply Wall St 计算出一个专有的公允比率为 31.9 倍。这反映了在考虑爱默生的盈利增长前景、盈利能力、风险特征、行业定位和市值后，爱默生的市盈率应该是多少。</p>
</div><p>This Fair Ratio offers a more tailored benchmark than simple peer or industry comparisons because it aligns the multiple with Emerson’s specific fundamentals rather than one-size-fits-all averages. With the current PE only slightly above the 31.9x Fair Ratio, the stock screens as roughly fairly valued on earnings.</p>
<div class="lb-trans"><p>这个公允比率提供了一个比简单的同行或行业比较更为量身定制的基准，因为它将倍数与爱默生的具体基本面相结合，而不是一刀切的平均值。当前市盈率仅略高于 31.9 倍的公允比率，因此该股票在盈利方面被视为大致合理估值。</p>
</div><p><strong>Result: ABOUT RIGHT</strong></p>
<div class="lb-trans"><p><strong>结果：大致合理</strong></p>
</div><p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/3a0a248a-beee-4604-aad4-ec3533a88708/chart/pe-multiple-vs-industry" alt="" original-src="https://images.simplywall.st/company/3a0a248a-beee-4604-aad4-ec3533a88708/chart/pe-multiple-vs-industry"/></p>
<p>NYSE:EMR PE Ratio as at Dec 2025</p>
<div class="lb-trans"><p>截至 2025 年 12 月的 NYSE:EMR 市盈率</p>
</div><p>PE ratios tell one story, but what if the real opportunity lies elsewhere? Discover 1445 companies where insiders are betting big on explosive growth.</p>
<div class="lb-trans"><p>市盈率讲述了一个故事，但如果真正的机会在其他地方呢？发现 1445 家公司，内部人士正在大举押注于爆炸性增长。</p>
</div><h3>Upgrade Your Decision Making: Choose your Emerson Electric Narrative</h3>
<div class="lb-trans"><h3>提升你的决策能力：选择你的爱默生电气叙述</h3>
</div><p>Earlier we mentioned that there is an even better way to understand valuation, so let us introduce you to Narratives, a simple way to connect your view of Emerson Electric’s future with a concrete forecast and a Fair Value you can compare to today’s price.</p>
<div class="lb-trans"><p>我们之前提到过，还有一种更好的理解估值的方法，因此让我们向你介绍叙述，这是一种将你对爱默生电气未来的看法与具体预测和公允价值相连接的简单方式。</p>
</div><p>A Narrative is your story behind the numbers, where you spell out what you believe about Emerson’s future revenue, earnings and margins, and link that story directly to a financial model and a Fair Value estimate.</p>
<div class="lb-trans"><p>叙述是你对数字背后的故事，在这里你阐述你对爱默生未来收入、盈利和利润率的看法，并将这个故事直接与财务模型和公允价值估计联系起来。</p>
</div><p>On Simply Wall St’s Community page, used by millions of investors, Narratives make this process easy and accessible, allowing you to see how your assumptions translate into a Fair Value, and then decide whether the current price suggests a buy, hold, or sell.</p>
<div class="lb-trans"><p>在 Simply Wall St 的社区页面上，数百万投资者使用叙述，使这一过程变得简单易行，让你看到你的假设如何转化为公允价值，然后决定当前价格是否表明买入、持有或卖出。</p>
</div><p>Because Narratives update dynamically as new news, earnings, or guidance arrives, your Fair Value view stays in sync with reality instead of going stale.</p>
<div class="lb-trans"><p>因为叙述会随着新消息、收益或指引的到来而动态更新，你的公允价值观点将与现实保持同步，而不是过时。</p>
</div><p>For example, one investor might build a bullish Emerson Narrative that assumes margins rise toward 16% with strong automation demand and a Fair Value closer to $185. In contrast, a more cautious investor, worried about cyclicality and integration risks, might see only modest growth and a Fair Value nearer $111. Narratives lets you transparently compare and refine both perspectives.</p>
<div class="lb-trans"><p>例如，一位投资者可能会建立一个乐观的爱默生叙述，假设利润率随着强劲的自动化需求上升至 16%，公允价值接近 185 美元。相反，一位更谨慎的投资者，担心周期性和整合风险，可能只看到适度的增长和接近 111 美元的公允价值。叙述让你透明地比较和细化这两种观点。</p>
</div><p>Do you think there's more to the story for Emerson Electric? Head over to our Community to see what others are saying!</p>
<div class="lb-trans"><p>你认为爱默生电气的故事还有更多内容吗？前往我们的社区，看看其他人怎么说！</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/3a0a248a-beee-4604-aad4-ec3533a88708/chart/quote-price" alt="" original-src="https://images.simplywall.st/company/3a0a248a-beee-4604-aad4-ec3533a88708/chart/quote-price"/></p>
<p>NYSE:EMR 1-Year Stock Price Chart</p>
<div class="lb-trans"><p>NYSE:EMR 1 年股票价格走势图</p>
</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>这篇来自 Simply Wall St 的文章具有一般性。<strong>我们仅基于历史数据和分析师预测提供评论，采用无偏见的方法，我们的文章并不意图作为财务建议。</strong> 它不构成买卖任何股票的推荐，也未考虑您的目标或财务状况。我们的目标是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均没有持仓。</em></p>
</div><p>Mobile Infrastructure for Defense and Disaster</p>
<div class="lb-trans"><p>国防与灾难的移动基础设施</p>
</div><p>The next wave in robotics isn't humanoid. Its fully autonomous towers delivering 5G, ISR, and radar in under 30 minutes, anywhere.</p>
<div class="lb-trans"><p>下一波机器人技术不是类人型的。它是完全自主的塔，在 30 分钟内提供 5G、ISR 和雷达，随处可用。</p>
</div><p>Get the investor briefing before the next round of contracts</p>
<div class="lb-trans"><p>在下一轮合同之前获取投资者简报</p>
</div><p>Sponsored On Behalf of CiTech</p>
<div class="lb-trans"><p>代表 CiTech 赞助</p>
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在经历了自动化转型和五年内 87.4% 的增长后，艾默生电气是否仍然具有吸引力？