<p>B. Riley Financial (RILY) 在最新的第二季度报告中从巨额亏损转为稳健盈利，收入翻了一番，每股收益大幅回升至正值。</p>
<p>查看我们对 B. Riley Financial 的最新分析。</p>
<p>强劲的盈利反弹发生在一个波动的时期，单日股价回报率锐减 17.5%，90 日股价回报率下降 34.1%。三年总股东回报率为负 84.4%，显示出长期信心仍需重建，即使短期动能看起来不稳定。</p>
<p>如果这个扭转局面的故事引起了你的关注，现在可能是扫描市场寻找其他潜在反弹机会的好时机，发现高内部持股的快速增长股票。</p>
<p>尽管盈利反弹，但多年回报仍然深度负值，且股票交易在一个陡峭的内在折扣下，B. Riley Financial 今天是否被低估，还是市场已经在定价下一个增长阶段？</p>
<h2>0.2 倍的市销率：是否合理？</h2>
<p>B. Riley Financial 收盘价为 4.72 美元，从市销率来看，该股票与同行及更广泛的资本市场行业相比显得极其便宜。</p>
<p>这里首选的倍数是市销率，它将公司的市场价值与其产生的收入进行比较。对于一个盈利波动且股东权益为负的多元化金融服务集团，基于销售的估值有时比基于利润的指标更为清晰。</p>
<p>RILY 的市销率仅为 0.2 倍，而其最接近的同行平均为 17.2 倍，更广泛的美国资本市场行业为 3.8 倍。这是一个戏剧性的折扣，表明市场在大幅低估这些收入的持久性、质量和风险特征，即使我们的 DCF 工作也将该股票标记为相对于估计的公允价值 154.14 美元深度低估。</p>
<p>查看数字对这个价格的看法——在我们的估值分析中找到答案。</p>
<p><strong>结果：0.2 倍的市销率（被低估）</strong></p>
<p>然而，投资者仍面临重大风险，包括 RILY 过去的股东损失历史以及其多元化和有时周期性业务的结构性盈利波动。</p>
<p>了解 B. Riley Financial 叙述中的关键风险。</p>
<h2>另一种观点：SWS DCF 指向更深的价值</h2>
<p>我们的 DCF 模型描绘了一个更为严峻的图景，建议公允价值约为 154.14 美元，而今天的股价为 4.72 美元。这意味着如果现金流正常化，RILY 可能被显著低估，但也提出了一个艰难的问题：市场是否在定价模型无法完全捕捉的风险？</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/ea50f25f-4285-4ac2-ab2e-6a33ffacd9e4/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/ea50f25f-4285-4ac2-ab2e-6a33ffacd9e4/chart/dcf"/></p>
<p>截至 2025 年 12 月的 RILY 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 B. Riley Financial）。我们展示了完整的计算过程。您可以在您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 913 只基于现金流的低估股票。如果您保存筛选器，我们甚至会在新公司匹配时提醒您——这样您就不会错过潜在机会。</p>
<h2>构建您自己的 B. Riley Financial 叙述</h2>
<p>如果您对数字有不同的看法，或想要对我们的假设进行压力测试，您可以在几分钟内构建个性化叙述：按您的方式进行。</p>
<p>您进行 B. Riley Financial 研究的一个很好的起点是我们的分析，强调 1 个关键奖励和 3 个可能影响您投资决策的重要警示信号。</p>
<h2>准备好进行下一个投资动作了吗？</h2>
<p>在您继续之前，请在 Simply Wall St 筛选器上扫描新机会，以便您随时了解潜在的突出想法。</p>
<ul>
<li>探索这 26 只利用人工智能重塑行业并创造强大新商业模式的 AI 便士股票。</li>
<li>回顾这 13 只收益率 &gt; 3% 的分红股票，这些股票可以在各种市场条件下帮助支持您的投资组合，提供潜在现金回报。</li>
<li>了解这 80 只围绕区块链和数字资产基础设施构建业务的加密货币和区块链股票。</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，我们的文章并不旨在提供财务建议。</strong> 它不构成买卖任何股票的推荐，也不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，随处可达。</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>

RILY

<p>B. Riley Financial (RILY) 在最新的第二季度报告中报告了显著的盈利反弹，收入翻倍，每股收益转为正值。尽管如此，该股票仍然经历了显著的长期下跌。该股票的市销率仅为 0.2 倍，表明与同行相比可能被低估。然而，由于其股东损失的历史和盈利波动性，风险依然存在。折现现金流模型显示其公允价值为 154.14 美元，远高于当前价格 4.72 美元，突显出潜在的低估</p>

<p>B. Riley Financial (RILY) just swung from a huge loss to solid profitability in its latest second quarter report, with revenue more than doubling and earnings per share flipping sharply back into positive territory.</p>
<div class="lb-trans"><p>B. Riley Financial (RILY) 在最新的第二季度报告中从巨额亏损转为稳健盈利，收入翻了一番，每股收益大幅回升至正值。</p>
</div><p>See our latest analysis for B. Riley Financial.</p>
<div class="lb-trans"><p>查看我们对 B. Riley Financial 的最新分析。</p>
</div><p>The strong earnings rebound comes after a volatile stretch, with a sharp 1 day share price return of minus 17.5 percent and a 90 day share price return of minus 34.1 percent. The 3 year total shareholder return of minus 84.4 percent shows that long term confidence still needs rebuilding even as near term momentum looks tentative.</p>
<div class="lb-trans"><p>强劲的盈利反弹发生在一个波动的时期，单日股价回报率锐减 17.5%，90 日股价回报率下降 34.1%。三年总股东回报率为负 84.4%，显示出长期信心仍需重建，即使短期动能看起来不稳定。</p>
</div><p>If this turnaround story has your attention, it could be a good moment to scan the market for other potential rebounds and discover fast growing stocks with high insider ownership.</p>
<div class="lb-trans"><p>如果这个扭转局面的故事引起了你的关注，现在可能是扫描市场寻找其他潜在反弹机会的好时机，发现高内部持股的快速增长股票。</p>
</div><p>With earnings rebounding but multi year returns still deeply negative and the stock trading at a steep intrinsic discount, is B. Riley Financial quietly undervalued today, or is the market already pricing in the next leg of growth?</p>
<div class="lb-trans"><p>尽管盈利反弹，但多年回报仍然深度负值，且股票交易在一个陡峭的内在折扣下，B. Riley Financial 今天是否被低估，还是市场已经在定价下一个增长阶段？</p>
</div><h2>Price to Sales of 0.2x: Is It Justified?</h2>
<div class="lb-trans"><h2>0.2 倍的市销率：是否合理？</h2>
</div><p>B. Riley Financial closed at $4.72, and on a price to sales basis the stock looks extremely cheap versus peers and the broader Capital Markets industry.</p>
<div class="lb-trans"><p>B. Riley Financial 收盘价为 4.72 美元，从市销率来看，该股票与同行及更广泛的资本市场行业相比显得极其便宜。</p>
</div><p>The preferred multiple here is the price to sales ratio, which compares the company’s market value with the revenue it generates. For a diversified financial services group with volatile earnings and negative equity, sales based valuation can sometimes be a cleaner lens than profit based metrics.</p>
<div class="lb-trans"><p>这里首选的倍数是市销率，它将公司的市场价值与其产生的收入进行比较。对于一个盈利波动且股东权益为负的多元化金融服务集团，基于销售的估值有时比基于利润的指标更为清晰。</p>
</div><p>RILY trades on a price to sales ratio of just 0.2 times, while its closest peers average 17.2 times and the wider US Capital Markets industry sits at 3.8 times. That is a dramatic discount and suggests the market is heavily discounting the durability, quality and risk profile of those revenues, even as our DCF work also flags the stock as deeply undervalued versus an estimated fair value of $154.14.</p>
<div class="lb-trans"><p>RILY 的市销率仅为 0.2 倍，而其最接近的同行平均为 17.2 倍，更广泛的美国资本市场行业为 3.8 倍。这是一个戏剧性的折扣，表明市场在大幅低估这些收入的持久性、质量和风险特征，即使我们的 DCF 工作也将该股票标记为相对于估计的公允价值 154.14 美元深度低估。</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到答案。</p>
</div><p><strong>Result: Price to Sales of 0.2x (UNDERVALUED)</strong></p>
<div class="lb-trans"><p><strong>结果：0.2 倍的市销率（被低估）</strong></p>
</div><p>However, investors still face meaningful risks, including RILY’s history of steep shareholder losses and structurally volatile earnings across its diversified and sometimes cyclical businesses.</p>
<div class="lb-trans"><p>然而，投资者仍面临重大风险，包括 RILY 过去的股东损失历史以及其多元化和有时周期性业务的结构性盈利波动。</p>
</div><p>Find out about the key risks to this B. Riley Financial narrative.</p>
<div class="lb-trans"><p>了解 B. Riley Financial 叙述中的关键风险。</p>
</div><h2>Another View: SWS DCF Points to Even Deeper Value</h2>
<div class="lb-trans"><h2>另一种观点：SWS DCF 指向更深的价值</h2>
</div><p>Our DCF model paints an even starker picture, suggesting fair value around $154.14 versus today’s $4.72 share price. That implies RILY could be significantly undervalued if cash flows normalize, but also raises a hard question: is the market pricing in risks the model cannot fully capture?</p>
<div class="lb-trans"><p>我们的 DCF 模型描绘了一个更为严峻的图景，建议公允价值约为 154.14 美元，而今天的股价为 4.72 美元。这意味着如果现金流正常化，RILY 可能被显著低估，但也提出了一个艰难的问题：市场是否在定价模型无法完全捕捉的风险？</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/ea50f25f-4285-4ac2-ab2e-6a33ffacd9e4/chart/dcf" alt="" original-src="https://images.simplywall.st/company/ea50f25f-4285-4ac2-ab2e-6a33ffacd9e4/chart/dcf"/></p>
<p>RILY Discounted Cash Flow as at Dec 2025</p>
<div class="lb-trans"><p>截至 2025 年 12 月的 RILY 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 B. Riley Financial 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 913 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 B. Riley Financial）。我们展示了完整的计算过程。您可以在您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 913 只基于现金流的低估股票。如果您保存筛选器，我们甚至会在新公司匹配时提醒您——这样您就不会错过潜在机会。</p>
</div><h2>Build Your Own B. Riley Financial Narrative</h2>
<div class="lb-trans"><h2>构建您自己的 B. Riley Financial 叙述</h2>
</div><p>If you see the numbers differently or want to stress test our assumptions against your own, you can build a personalized narrative in just a few minutes: Do it your way.</p>
<div class="lb-trans"><p>如果您对数字有不同的看法，或想要对我们的假设进行压力测试，您可以在几分钟内构建个性化叙述：按您的方式进行。</p>
</div><p>A great starting point for your B. Riley Financial research is our analysis highlighting 1 key reward and 3 important warning signs that could impact your investment decision.</p>
<div class="lb-trans"><p>您进行 B. Riley Financial 研究的一个很好的起点是我们的分析，强调 1 个关键奖励和 3 个可能影响您投资决策的重要警示信号。</p>
</div><h2>Ready for your next investing move?</h2>
<div class="lb-trans"><h2>准备好进行下一个投资动作了吗？</h2>
</div><p>Before you move on, scan fresh opportunities on the Simply Wall St Screener so you can stay updated on potential standout ideas.</p>
<div class="lb-trans"><p>在您继续之前，请在 Simply Wall St 筛选器上扫描新机会，以便您随时了解潜在的突出想法。</p>
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<div class="lb-trans"><ul>
<li>探索这 26 只利用人工智能重塑行业并创造强大新商业模式的 AI 便士股票。</li>
<li>回顾这 13 只收益率 &gt; 3% 的分红股票，这些股票可以在各种市场条件下帮助支持您的投资组合，提供潜在现金回报。</li>
<li>了解这 80 只围绕区块链和数字资产基础设施构建业务的加密货币和区块链股票。</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，我们的文章并不旨在提供财务建议。</strong> 它不构成买卖任何股票的推荐，也不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没有持仓。</em></p>
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<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，随处可达。</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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B Riley Financial (RILY)：在盈利大幅反弹和盈利能力改善后评估其估值