<p>W.W. Grainger (GWW) 最近几周悄然上涨，过去一周股价上涨约 7%，过去一个月上涨约 11%，尽管年初表现艰难。</p>
<p>查看我们对 W.W. Grainger 的最新分析。</p>
<p>这次反弹仅部分修复了年初的损失，年初至今的股价回报仍略为负值，1 年总股东回报也处于亏损状态。然而，多年总股东回报依然非常强劲，表明尽管短期情绪改善，长期动能仍然保持。</p>
<p>如果 Grainger 的走势让你重新考虑你的观察名单，现在可能是探索高内部持股的快速增长股票的好时机，看看其他快速发展的公司如何积累动能。</p>
<p>尽管股价仍低于历史高点，但与分析师目标价的折扣很小，投资者面临一个关键问题：Grainger 现在是优质复合型公司的稀有价值，还是市场已经将其未来增长的预期价格化？</p>
<h2>最受欢迎的叙述：低估 2.3%</h2>
<p>W.W. Grainger 最近收盘价为 $1029.56，而叙述的公允价值约为 $1053.47，这个故事倾向于基于稳定执行的适度上行，而非爆炸性增长。</p>
<blockquote>
<p><em>B2B 或工业商业中数字化转型的加速正在扩大 Grainger 在线平台（特别是 Zoro 和 MonotaRO）的可寻址市场，推动其收入增长快于行业，运营杠杆和利润率随着电子商务渗透率的上升而扩大。</em></p>
</blockquote>
<p>阅读完整叙述。</p>
<p>想看看什么样的收入增长和利润特征可以支持这个溢价吗？这个叙述依赖于有纪律的增长、稳定的利润率和较高的未来收益倍数。想知道这些因素如何结合以证明今天的价格及其更多价值吗？继续阅读，了解支持这一公允价值观点的完整策略。</p>
<p><strong>结果：公允价值为 $1053.47（低估）</strong></p>
<p>完整阅读叙述，了解预测背后的原因。</p>
<p>然而，如果 MRO 需求保持低迷，或者上升的输入成本和价格压力超出预期地挤压利润率，这一策略可能会受到影响。</p>
<p>了解 W.W. Grainger 叙述的关键风险。</p>
<h2>价值的另一种视角</h2>
<p>从收益来看，情况显得不那么宽容。Grainger 的市盈率约为 28.3 倍，高于同行的 22.6 倍和美国贸易分销行业的 19.9 倍，甚至高于其自身的 28.1 倍公允比率。这暗示了如果增长不如预期，可能存在估值风险。</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/27baa7b2-43e7-426c-bf4c-1f8b4c6b0c84/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/27baa7b2-43e7-426c-bf4c-1f8b4c6b0c84/chart/pe-multiple-vs-industry"/></p>
<p>截至 2025 年 12 月的 NYSE:GWW 市盈率</p>
<h2>自建 W.W. Grainger 叙述</h2>
<p>如果这个视角与你的看法不太吻合，或者你更愿意自己深入数字，你可以在几分钟内构建一个自定义叙述，按照你的方式进行。</p>
<p>进行 W.W. Grainger 研究的一个很好的起点是我们的分析，强调一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>准备好更多投资想法了吗？</h2>
<p>在你关闭这个标签之前，利用 Simply Wall Street 的筛选器，锁定其他投资者可能忽视的新机会的观察名单。</p>
<ul>
<li>通过针对低于内在价值的优质公司，捕捉潜在上行，使用这 908 只基于现金流的低估股票，突出错误定价的现金流机会。</li>
<li>通过扫描这 26 只围绕人工智能创新建立业务的 AI 便士股票，为下一个技术浪潮做好准备。</li>
<li>通过这 13 只收益率 &gt; 3% 的可靠分红股票，关注潜在收入，这些股票将收益与稳健的基本面结合在一起。</li>
</ul>
<p><em>这篇文章由 Simply Wall St 撰写，内容具有一般性。<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，我们的文章不构成财务建议。</strong> 它不构成买入或卖出任何股票的推荐，也未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 对任何提到的股票没有持仓。</em></p>
<p>移动基础设施用于国防和灾难</p>
<p>下一波机器人技术不是类人机器人，而是能够在 30 分钟内在任何地方交付 5G、ISR 和雷达的全自动塔。</p>
<p>在下一轮合同之前获取投资者简报</p>
<p>由 CiTech 赞助</p>

固安捷

<p>W.W. Grainger 的股票最近反弹，过去一周上涨了 7%，过去一个月上涨了 11%。尽管如此，年初至今的回报仍然为负。分析师认为 Grainger 被低估，合理价值为 1053.47 美元，而其最近的收盘价为 1029.56 美元。公司的数字化转型正在推动增长，但如果增长不及预期，则存在估值风险。Grainger 的市盈率高于同行，表明潜在的估值风险。投资者被鼓励探索其他被低估的股票和投资机会</p>

<p>W.W. Grainger (GWW) has quietly pushed higher in recent weeks, with the stock up about 7% over the past week and roughly 11% in the past month after a tough start to the year.</p>
<div class="lb-trans"><p>W.W. Grainger (GWW) 最近几周悄然上涨，过去一周股价上涨约 7%，过去一个月上涨约 11%，尽管年初表现艰难。</p>
</div><p>See our latest analysis for W.W. Grainger.</p>
<div class="lb-trans"><p>查看我们对 W.W. Grainger 的最新分析。</p>
</div><p>That bounce has only partly repaired the damage from earlier in the year, with the year to date share price return still slightly negative and the 1 year total shareholder return in the red. However, multi year total shareholder returns remain very strong, suggesting long term momentum is intact even as near term sentiment improves.</p>
<div class="lb-trans"><p>这次反弹仅部分修复了年初的损失，年初至今的股价回报仍略为负值，1 年总股东回报也处于亏损状态。然而，多年总股东回报依然非常强劲，表明尽管短期情绪改善，长期动能仍然保持。</p>
</div><p>If Grainger’s move has you rethinking your watchlist, this could be a good moment to explore fast growing stocks with high insider ownership and see what other fast moving names are building momentum.</p>
<div class="lb-trans"><p>如果 Grainger 的走势让你重新考虑你的观察名单，现在可能是探索高内部持股的快速增长股票的好时机，看看其他快速发展的公司如何积累动能。</p>
</div><p>With shares still below their highs but only a small discount to analyst targets, investors face a key question: is Grainger now a rare value in a quality compounder, or has the market already priced in its future growth?</p>
<div class="lb-trans"><p>尽管股价仍低于历史高点，但与分析师目标价的折扣很小，投资者面临一个关键问题：Grainger 现在是优质复合型公司的稀有价值，还是市场已经将其未来增长的预期价格化？</p>
</div><h2>Most Popular Narrative: 2.3% Undervalued</h2>
<div class="lb-trans"><h2>最受欢迎的叙述：低估 2.3%</h2>
</div><p>With W.W. Grainger last closing at $1029.56 against a narrative fair value of about $1053.47, the story leans toward a modest upside built on steady execution rather than explosive growth.</p>
<div class="lb-trans"><p>W.W. Grainger 最近收盘价为 $1029.56，而叙述的公允价值约为 $1053.47，这个故事倾向于基于稳定执行的适度上行，而非爆炸性增长。</p>
</div><blockquote>
<p><em>The acceleration of digital transformation in B2B or industrial commerce is expanding the addressable market for Grainger's online platforms (especially Zoro and MonotaRO), driving faster than industry top line gains, operating leverage, and margin expansion as e commerce penetration rises.</em></p>
</blockquote>
<div class="lb-trans"><blockquote>
<p><em>B2B 或工业商业中数字化转型的加速正在扩大 Grainger 在线平台（特别是 Zoro 和 MonotaRO）的可寻址市场，推动其收入增长快于行业，运营杠杆和利润率随着电子商务渗透率的上升而扩大。</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 what kind of revenue runway and profit profile could support this premium? The narrative leans on disciplined growth, sticky margins, and a punchy future earnings multiple. Curious how those ingredients combine to justify today’s price and a little more? Read on to see the full playbook behind that fair value view.</p>
<div class="lb-trans"><p>想看看什么样的收入增长和利润特征可以支持这个溢价吗？这个叙述依赖于有纪律的增长、稳定的利润率和较高的未来收益倍数。想知道这些因素如何结合以证明今天的价格及其更多价值吗？继续阅读，了解支持这一公允价值观点的完整策略。</p>
</div><p><strong>Result: Fair Value of $1053.47 (UNDERVALUED)</strong></p>
<div class="lb-trans"><p><strong>结果：公允价值为 $1053.47（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, that playbook could be derailed if MRO demand stays muted, or if rising input costs and pricing pressure squeeze margins more than expected.</p>
<div class="lb-trans"><p>然而，如果 MRO 需求保持低迷，或者上升的输入成本和价格压力超出预期地挤压利润率，这一策略可能会受到影响。</p>
</div><p>Find out about the key risks to this W.W. Grainger narrative.</p>
<div class="lb-trans"><p>了解 W.W. Grainger 叙述的关键风险。</p>
</div><h2>Another Lens on Value</h2>
<div class="lb-trans"><h2>价值的另一种视角</h2>
</div><p>On earnings, the picture looks less forgiving. Grainger trades at about 28.3 times earnings, richer than both peers at 22.6 times and the US Trade Distributors industry at 19.9 times, and even above its own 28.1 times fair ratio. This hints at valuation risk if growth underwhelms.</p>
<div class="lb-trans"><p>从收益来看，情况显得不那么宽容。Grainger 的市盈率约为 28.3 倍，高于同行的 22.6 倍和美国贸易分销行业的 19.9 倍，甚至高于其自身的 28.1 倍公允比率。这暗示了如果增长不如预期，可能存在估值风险。</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/27baa7b2-43e7-426c-bf4c-1f8b4c6b0c84/chart/pe-multiple-vs-industry" alt="" original-src="https://images.simplywall.st/company/27baa7b2-43e7-426c-bf4c-1f8b4c6b0c84/chart/pe-multiple-vs-industry"/></p>
<p>NYSE:GWW PE Ratio as at Dec 2025</p>
<div class="lb-trans"><p>截至 2025 年 12 月的 NYSE:GWW 市盈率</p>
</div><h2>Build Your Own W.W. Grainger Narrative</h2>
<div class="lb-trans"><h2>自建 W.W. Grainger 叙述</h2>
</div><p>If this perspective does not quite fit your view, or you would rather dive into the numbers yourself, you can build a custom narrative in just a few minutes, Do it your way.</p>
<div class="lb-trans"><p>如果这个视角与你的看法不太吻合，或者你更愿意自己深入数字，你可以在几分钟内构建一个自定义叙述，按照你的方式进行。</p>
</div><p>A great starting point for your W.W. Grainger research is our analysis highlighting 1 key reward and 1 important warning sign that could impact your investment decision.</p>
<div class="lb-trans"><p>进行 W.W. Grainger 研究的一个很好的起点是我们的分析，强调一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>Ready for more investment ideas?</h2>
<div class="lb-trans"><h2>准备好更多投资想法了吗？</h2>
</div><p>Before you close this tab, put Simply Wall Street’s Screener to work and lock in a watchlist of fresh opportunities other investors may be overlooking.</p>
<div class="lb-trans"><p>在你关闭这个标签之前，利用 Simply Wall Street 的筛选器，锁定其他投资者可能忽视的新机会的观察名单。</p>
</div><ul>
<li>Capture potential upside by targeting quality companies trading below intrinsic value using these 908 undervalued stocks based on cash flows that highlight mispriced cash flow opportunities.</li>
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<li>Focus on potential income by looking at reliable payers through these 13 dividend stocks with yields &gt; 3% that combine yield with solid underlying fundamentals.</li>
</ul>
<div class="lb-trans"><ul>
<li>通过针对低于内在价值的优质公司，捕捉潜在上行，使用这 908 只基于现金流的低估股票，突出错误定价的现金流机会。</li>
<li>通过扫描这 26 只围绕人工智能创新建立业务的 AI 便士股票，为下一个技术浪潮做好准备。</li>
<li>通过这 13 只收益率 &gt; 3% 的可靠分红股票，关注潜在收入，这些股票将收益与稳健的基本面结合在一起。</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，内容具有一般性。<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，我们的文章不构成财务建议。</strong> 它不构成买入或卖出任何股票的推荐，也未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 对任何提到的股票没有持仓。</em></p>
</div><p>Mobile Infrastructure for Defense and Disaster</p>
<div class="lb-trans"><p>移动基础设施用于国防和灾难</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机器人，而是能够在 30 分钟内在任何地方交付 5G、ISR 和雷达的全自动塔。</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>由 CiTech 赞助</p>
</div>

在固安捷（GWW）近期股价反弹后重新审视其估值