<p>PennyMac Financial Services (PFSI) 最近迎来了顺风，股价在 Jefferies 的最新买入评级和 Keefe, Bruyette and Woods 的更乐观立场推动下上涨。</p>
<p>查看我们对 PennyMac Financial Services 的最新分析。</p>
<p>这一看涨的评级正值股价强劲之际，目前股价为 134.62 美元，年初至今股价回报率为 34.84%，三年总股东回报率高达 145.34%。这表明动能显然在增强，而不是减弱。</p>
<p>如果 PennyMac 的表现让你重新考虑你的观察名单，现在可能是发现快速增长且内部持股比例高的股票的好时机，以获取更多具有强劲趋势的投资想法。</p>
<p>然而，随着股价创下新高，并且仅以适度的折扣交易于华尔街的目标价，关键问题是 PennyMac 是否仍然被低估，还是市场已经在消化下一轮增长。</p>
<h2>最受欢迎的叙述：5.9% 被低估</h2>
<p>叙述的公允价值为 143 美元，而最后收盘价为 134.62 美元，故事情节倾向于上涨，依赖于运营杠杆和周期复苏。</p>
<blockquote>
<p><em>庞大且不断增长的服务组合，拥有 7000 亿美元的未偿还本金，且大部分贷款利率高于当前市场利率，创造了强大的经常性收入基础，并使公司在抵押贷款利率下降时能够获得超额的再融资收入和更高的盈利增长。当千禧一代和 Z 世代进入购房高峰期时，强劲的人口结构顺风预计将推动更高的房屋拥有率，支持 PennyMac 长期的持续发放量和收入增长机会。</em></p>
</blockquote>
<p>阅读完整叙述。</p>
<p>好奇为什么收入下降仍然可以证明更高的盈利前景和更高的公允价值？这个叙述依赖于大胆的利润扩张和意外低的未来盈利倍数来弥补这一差距。想看看这些动态如何结合在一起吗？</p>
<p><strong>结果：公允价值为 143 美元（被低估）</strong></p>
<p>完整阅读叙述，了解预测背后的原因。</p>
<p>然而，持续的高抵押贷款利率和波动的服务估值可能会迅速削弱今天的乐观情绪，并挑战那些看涨的盈利假设。</p>
<p>了解 PennyMac Financial Services 叙述的关键风险。</p>
<h2>另一种估值观点</h2>
<p>虽然叙述的公允价值暗示上涨，但简单的盈利视角看起来更紧张。PFSI 的市盈率约为 14 倍，略高于美国多元化金融公司的平均市盈率 13.8 倍，但低于同行的 25.1 倍和公允比例的 17.2 倍。这是安全边际还是上限？</p>
<p>查看数字对这一价格的看法——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/99459175-42f8-4c8f-8d8e-f9f9b1282ea6/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="" original-src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/99459175-42f8-4c8f-8d8e-f9f9b1282ea6/chart/pe-multiple-vs-industry"/></p>
<p>截至 2025 年 12 月的 NYSE:PFSI 市盈率</p>
<h2>自建 PennyMac Financial Services 叙述</h2>
<p>如果你对这个故事有不同的看法，或者想自己深入数字，你可以在几分钟内构建一个自定义视图，按你的方式进行。</p>
<p>进行 PennyMac Financial Services 研究的一个很好的起点是我们的分析，突出 3 个关键收益和 2 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>在动能再次转变之前，通过扫描 Simply Wall Street 的筛选器上的新机会来让你的资金发挥作用，数据支持的想法现在就可以使用。</p>
<ul>
<li>通过针对那些交易价格低于其现金流价值的公司，捕捉潜在的低估机会，利用这些 913 只基于现金流的被低估股票，发现市场可能忽视的候选者。</li>
<li>通过关注这 24 只可能重塑整个行业的 AI 便士股票，利用快速创新和增长前景，抓住变革性技术的机会。</li>
<li>通过关注这些 12 只收益率超过 3% 的股息股票，确保可靠的收入潜力，这些股票提供有吸引力的收益，并可能通过持续的分红增强总回报。</li>
</ul>
<p><em>本文由 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>
<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。它是完全自主的塔楼，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>由 CiTech 赞助</p>

PNMAC 金融服务

<p>PennyMac 金融服务 (PFSI) 的股票在 Jefferies 和 Keefe, Bruyette & Woods 的分析师升级后上涨，受强劲的盈利势头推动。该股票被认为低估了 5.9%，公允价值为 143 美元，得益于经营杠杆和人口结构的有利因素。尽管抵押贷款利率较高，PFSI 的大型服务组合使其具备增长潜力。该股票的市盈率为 14 倍，低于同行，暗示有潜在的上行空间。投资者被鼓励探索被低估的股票和人工智能便士股票以寻找进一步的机会</p>

<p>PennyMac Financial Services (PFSI) just caught a tailwind, with shares climbing after a fresh Buy call from Jefferies and a more optimistic stance from Keefe, Bruyette and Woods, both leaning into its earnings momentum.</p>
<div class="lb-trans"><p>PennyMac Financial Services (PFSI) 最近迎来了顺风，股价在 Jefferies 的最新买入评级和 Keefe, Bruyette and Woods 的更乐观立场推动下上涨。</p>
</div><p>See our latest analysis for PennyMac Financial Services.</p>
<div class="lb-trans"><p>查看我们对 PennyMac Financial Services 的最新分析。</p>
</div><p>That bullish call is landing on an already strong tape, with the share price at $134.62 after a 34.84% year to date share price return and a hefty 145.34% three year total shareholder return. This shows that momentum is clearly building rather than fading.</p>
<div class="lb-trans"><p>这一看涨的评级正值股价强劲之际，目前股价为 134.62 美元，年初至今股价回报率为 34.84%，三年总股东回报率高达 145.34%。这表明动能显然在增强，而不是减弱。</p>
</div><p>If PennyMac’s run has you rethinking your watchlist, this could be a good moment to discover fast growing stocks with high insider ownership for more ideas with powerful trends behind them.</p>
<div class="lb-trans"><p>如果 PennyMac 的表现让你重新考虑你的观察名单，现在可能是发现快速增长且内部持股比例高的股票的好时机，以获取更多具有强劲趋势的投资想法。</p>
</div><p>Yet with the stock at record highs and trading at only a modest discount to Wall Street price targets, the crucial question now is whether PennyMac is still mispriced value or if markets are already baking in the next leg of growth.</p>
<div class="lb-trans"><p>然而，随着股价创下新高，并且仅以适度的折扣交易于华尔街的目标价，关键问题是 PennyMac 是否仍然被低估，还是市场已经在消化下一轮增长。</p>
</div><h2>Most Popular Narrative Narrative: 5.9% Undervalued</h2>
<div class="lb-trans"><h2>最受欢迎的叙述：5.9% 被低估</h2>
</div><p>With the narrative fair value sitting at $143 versus a $134.62 last close, the storyline leans toward upside, hinging on operating leverage and cycle recovery.</p>
<div class="lb-trans"><p>叙述的公允价值为 143 美元，而最后收盘价为 134.62 美元，故事情节倾向于上涨，依赖于运营杠杆和周期复苏。</p>
</div><blockquote>
<p><em>The large and growing servicing portfolio with $700 billion UPB and a significant proportion of loans above current market rates creates a strong recurring revenue base and positions the company for outsized refinancing revenue and higher earnings growth when mortgage rates decline. Strong demographic tailwinds from Millennials and Gen Z entering peak home buying years are projected to drive higher homeownership rates, supporting sustained origination volume and revenue growth opportunities for PennyMac over the long term.</em></p>
</blockquote>
<div class="lb-trans"><blockquote>
<p><em>庞大且不断增长的服务组合，拥有 7000 亿美元的未偿还本金，且大部分贷款利率高于当前市场利率，创造了强大的经常性收入基础，并使公司在抵押贷款利率下降时能够获得超额的再融资收入和更高的盈利增长。当千禧一代和 Z 世代进入购房高峰期时，强劲的人口结构顺风预计将推动更高的房屋拥有率，支持 PennyMac 长期的持续发放量和收入增长机会。</em></p>
</blockquote>
</div><p>Read the complete narrative.</p>
<div class="lb-trans"><p>阅读完整叙述。</p>
</div><p>Curious how a shrinking top line can still justify a richer earnings outlook and higher fair value? The narrative leans on bold margin expansion and a surprisingly low future earnings multiple to bridge that gap. Want to see exactly how those moving pieces fit together?</p>
<div class="lb-trans"><p>好奇为什么收入下降仍然可以证明更高的盈利前景和更高的公允价值？这个叙述依赖于大胆的利润扩张和意外低的未来盈利倍数来弥补这一差距。想看看这些动态如何结合在一起吗？</p>
</div><p><strong>Result: Fair Value of $143 (UNDERVALUED)</strong></p>
<div class="lb-trans"><p><strong>结果：公允价值为 143 美元（被低估）</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, persistent high mortgage rates and volatile servicing valuations could quickly chip away at today’s optimism and challenge those bullish earnings assumptions.</p>
<div class="lb-trans"><p>然而，持续的高抵押贷款利率和波动的服务估值可能会迅速削弱今天的乐观情绪，并挑战那些看涨的盈利假设。</p>
</div><p>Find out about the key risks to this PennyMac Financial Services narrative.</p>
<div class="lb-trans"><p>了解 PennyMac Financial Services 叙述的关键风险。</p>
</div><h2>Another Take On Valuation</h2>
<div class="lb-trans"><h2>另一种估值观点</h2>
</div><p>While the narrative fair value suggests upside, a simple earnings lens looks tighter. PFSI trades at about 14 times earnings, slightly above the US diversified financials average of 13.8 times but below peers at 25.1 times and a fair ratio of 17.2 times. Is that a safety margin or a ceiling?</p>
<div class="lb-trans"><p>虽然叙述的公允价值暗示上涨，但简单的盈利视角看起来更紧张。PFSI 的市盈率约为 14 倍，略高于美国多元化金融公司的平均市盈率 13.8 倍，但低于同行的 25.1 倍和公允比例的 17.2 倍。这是安全边际还是上限？</p>
</div><p>See what the numbers say about this price — find out in our valuation breakdown.</p>
<div class="lb-trans"><p>查看数字对这一价格的看法——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/99459175-42f8-4c8f-8d8e-f9f9b1282ea6/chart/pe-multiple-vs-industry" alt="" original-src="https://images.simplywall.st/company/99459175-42f8-4c8f-8d8e-f9f9b1282ea6/chart/pe-multiple-vs-industry"/></p>
<p>NYSE:PFSI PE Ratio as at Dec 2025</p>
<div class="lb-trans"><p>截至 2025 年 12 月的 NYSE:PFSI 市盈率</p>
</div><h2>Build Your Own PennyMac Financial Services Narrative</h2>
<div class="lb-trans"><h2>自建 PennyMac Financial Services 叙述</h2>
</div><p>If you see the story differently or want to dig into the numbers yourself, you can build a custom view in minutes, Do it your way.</p>
<div class="lb-trans"><p>如果你对这个故事有不同的看法，或者想自己深入数字，你可以在几分钟内构建一个自定义视图，按你的方式进行。</p>
</div><p>A great starting point for your PennyMac Financial Services research is our analysis highlighting 3 key rewards and 2 important warning signs that could impact your investment decision.</p>
<div class="lb-trans"><p>进行 PennyMac Financial Services 研究的一个很好的起点是我们的分析，突出 3 个关键收益和 2 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 momentum shifts again, put your cash to work by scanning fresh opportunities on Simply Wall Street’s Screener, where data backed ideas are ready right now.</p>
<div class="lb-trans"><p>在动能再次转变之前，通过扫描 Simply Wall Street 的筛选器上的新机会来让你的资金发挥作用，数据支持的想法现在就可以使用。</p>
</div><ul>
<li>Capture potential mispricings early by targeting companies trading below their cash flow value using these 913 undervalued stocks based on cash flows to uncover candidates the market may be overlooking.</li>
<li>Capitalize on rapid innovation and growth prospects by zeroing in on these 24 AI penny stocks that could reshape entire industries with transformative technology.</li>
<li>Secure reliable income potential by focusing on these 12 dividend stocks with yields &gt; 3% that offer attractive yields and may strengthen total returns through consistent payouts.</li>
</ul>
<div class="lb-trans"><ul>
<li>通过针对那些交易价格低于其现金流价值的公司，捕捉潜在的低估机会，利用这些 913 只基于现金流的被低估股票，发现市场可能忽视的候选者。</li>
<li>通过关注这 24 只可能重塑整个行业的 AI 便士股票，利用快速创新和增长前景，抓住变革性技术的机会。</li>
<li>通过关注这些 12 只收益率超过 3% 的股息股票，确保可靠的收入潜力，这些股票提供有吸引力的收益，并可能通过持续的分红增强总回报。</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>本文由 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>
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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。它是完全自主的塔楼，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>由 CiTech 赞助</p>
</div>

在分析师最新上调评级和业绩表现超出预期后，PNMAC 金融服务（PFSI）的估值