<p>迪尔（Deere，DE）在过去一个月悄然下滑约 3%，尽管其年初至今的回报仍然保持在低十位数。这种脱节正是长期投资者开始关注估值故事的地方。</p>
<p>查看我们对迪尔的最新分析。</p>
<p>最新的回调发生在强劲的上涨之后，迪尔年初至今的股价回报仍保持在双位数，并且五年总股东回报也相当强劲。这表明，投资者在重新评估增长和周期性风险时，动能正在暂停而非破裂。</p>
<p>如果迪尔最近的动向让你思考其他可能积累价值的地方，探索汽车制造商作为获取机械和移动趋势的另一种方式可能值得一试。</p>
<p>尽管迪尔的收入稳定且盈利大幅上升，但其交易价格仍低于分析师目标和一些内在价值模型，投资者现在面临一个关键问题：这是一个真正的买入机会，还是未来的增长已经被定价？</p>
<h2>最受欢迎的叙述：10.4% 低估</h2>
<p>迪尔最近收盘价为 470.57 美元，而叙述的公允价值接近 525 美元，随着长期盈利能力的提升，故事倾向于上涨。</p>
<p><em>迪尔的精准农业和自动化解决方案（例如，JDLink Boost、Precision Essentials 套件、See &amp; Spray 技术和新自动化功能）的快速采用正在推动更高价值产品销售和全球软件参与度的提升，使迪尔能够从向高效、技术驱动的农业转变中受益；这将通过更高利润的重复软件和数据服务提升未来的收入和净利润率。</em></p>
<p>阅读完整叙述。</p>
<p>好奇温和的收入预期如何仍能证明更高的未来盈利倍数和更高的公允价值吗？这个叙述在很大程度上依赖于利润扩张、订阅规模和有纪律的资本回报来弥补这一差距。想看看这些动态如何在模型中加起来吗？</p>
<p><strong>结果：公允价值为 525.41 美元（低估）</strong></p>
<p>完整阅读叙述，了解预测背后的原因。</p>
<p>然而，关税上升和北美设备下滑超出预期可能会挤压利润率，并延迟内含于此估值中的盈利复苏。</p>
<p>了解这个迪尔叙述的关键风险。</p>
<h2>估值的另一种角度</h2>
<p>从简单的市盈率来看，迪尔显得不那么慷慨。其股票交易约为 25.3 倍盈利，略高于同行的 23.9 倍，但仍低于公允比例的 34.4 倍。这表明有一定的上涨潜力，但如果周期失望，错误的余地也较小。</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/aaea2ecf-c4c6-40d1-b0b5-d99254559a35/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/aaea2ecf-c4c6-40d1-b0b5-d99254559a35/chart/pe-multiple-vs-industry"/></p>
<p>截至 2025 年 12 月的纽约证券交易所：DE 市盈率</p>
<h2>自己构建迪尔叙述</h2>
<p>如果你对这个故事有不同的看法，或者更喜欢自己深入数字，你可以在几分钟内构建个性化的视图：按你的方式进行。</p>
<p>进行迪尔研究的一个很好的起点是我们的分析，突出 2 个关键奖励和 1 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>在继续之前，通过将迪尔与其他引人注目的机会进行比较，将其放在上下文中，以免错过更广泛市场悄然定价的内容。</p>
<ul>
<li>通过审查这 898 只基于现金流的低估股票，目标长期复合潜力，这些股票将强劲的现金流支持与市场尚未充分认可的价格相结合。</li>
<li>通过扫描这 24 只在自动化、数据基础设施和智能软件采用方面经历结构性转变的 AI 便士股票，抓住下一个创新浪潮。</li>
<li>通过关注这 12 只收益率超过 3% 的股息股票，增强你的收入流，这些股票结合了有吸引力的收益率和能够在周期中维持派息的资产负债表。</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，我们的文章并不旨在提供财务建议。</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，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>由 CiTech 赞助</p>

迪尔

<p>迪尔的股票最近下跌了 3%，但其年初至今的回报仍然强劲。估值显示出潜在的上行空间，当前股价为 470.57 美元，低于公允价值 525.41 美元。迪尔的精准农业和自动化解决方案正在推动增长，但风险包括关税和设备市场的下滑。市盈率表明有一定的上行空间，但容错空间较小。投资者被鼓励探索其他被低估的股票和人工智能便士股票，以寻找更广泛的市场机会</p>

<p>Deere (DE) has quietly slipped about 3% over the past month, even as its year to date return still sits in the low teens. That disconnect is exactly where the valuation story starts to get interesting for long term investors.</p>
<div class="lb-trans"><p>迪尔（Deere，DE）在过去一个月悄然下滑约 3%，尽管其年初至今的回报仍然保持在低十位数。这种脱节正是长期投资者开始关注估值故事的地方。</p>
</div><p>See our latest analysis for Deere.</p>
<div class="lb-trans"><p>查看我们对迪尔的最新分析。</p>
</div><p>The latest pullback comes after a strong run, with Deere still posting a double digit year to date share price return and a robust five year total shareholder return. This suggests momentum is pausing rather than breaking as investors reassess growth and cyclical risk.</p>
<div class="lb-trans"><p>最新的回调发生在强劲的上涨之后，迪尔年初至今的股价回报仍保持在双位数，并且五年总股东回报也相当强劲。这表明，投资者在重新评估增长和周期性风险时，动能正在暂停而非破裂。</p>
</div><p>If Deere’s recent moves have you thinking about where else value might be building, it could be worth exploring auto manufacturers as another way to gain exposure to machinery and mobility trends.</p>
<div class="lb-trans"><p>如果迪尔最近的动向让你思考其他可能积累价值的地方，探索汽车制造商作为获取机械和移动趋势的另一种方式可能值得一试。</p>
</div><p>With Deere trading at a discount to both analyst targets and some intrinsic value models despite steady revenue and sharply rising earnings, investors now face a key question: is this a genuine buying opportunity, or is future growth already priced in?</p>
<div class="lb-trans"><p>尽管迪尔的收入稳定且盈利大幅上升，但其交易价格仍低于分析师目标和一些内在价值模型，投资者现在面临一个关键问题：这是一个真正的买入机会，还是未来的增长已经被定价？</p>
</div><h2>Most Popular Narrative Narrative: 10.4% Undervalued</h2>
<div class="lb-trans"><h2>最受欢迎的叙述：10.4% 低估</h2>
</div><p>With Deere last closing at $470.57 against a narrative fair value near $525, the story leans toward upside as long term earnings power builds.</p>
<div class="lb-trans"><p>迪尔最近收盘价为 470.57 美元，而叙述的公允价值接近 525 美元，随着长期盈利能力的提升，故事倾向于上涨。</p>
</div><p><em>Rapid adoption of Deere's precision agriculture and automation solutions (for example, JDLink Boost, Precision Essentials bundles, See &amp; Spray tech, and new automation features) is driving higher value product sales and increased software engagement globally, positioning Deere to benefit from shifts toward high efficiency, technology enabled farming; this should lift both future revenue and net margins through higher margin recurring software and data services.</em></p>
<div class="lb-trans"><p><em>迪尔的精准农业和自动化解决方案（例如，JDLink Boost、Precision Essentials 套件、See &amp; Spray 技术和新自动化功能）的快速采用正在推动更高价值产品销售和全球软件参与度的提升，使迪尔能够从向高效、技术驱动的农业转变中受益；这将通过更高利润的重复软件和数据服务提升未来的收入和净利润率。</em></p>
</div><p>Read the complete narrative.</p>
<div class="lb-trans"><p>阅读完整叙述。</p>
</div><p>Curious how modest top line expectations can still justify a richer future earnings multiple and higher fair value? The narrative leans heavily on margin expansion, subscription scale, and disciplined capital returns to bridge that gap. Want to see exactly how those moving parts add up in the model?</p>
<div class="lb-trans"><p>好奇温和的收入预期如何仍能证明更高的未来盈利倍数和更高的公允价值吗？这个叙述在很大程度上依赖于利润扩张、订阅规模和有纪律的资本回报来弥补这一差距。想看看这些动态如何在模型中加起来吗？</p>
</div><p><strong>Result: Fair Value of $525.41 (UNDERVALUED)</strong></p>
<div class="lb-trans"><p><strong>结果：公允价值为 525.41 美元（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, rising tariffs and a deeper than expected North American equipment downturn could squeeze margins and delay the earnings recovery built into this valuation.</p>
<div class="lb-trans"><p>然而，关税上升和北美设备下滑超出预期可能会挤压利润率，并延迟内含于此估值中的盈利复苏。</p>
</div><p>Find out about the key risks to this Deere narrative.</p>
<div class="lb-trans"><p>了解这个迪尔叙述的关键风险。</p>
</div><h2>Another Angle on Valuation</h2>
<div class="lb-trans"><h2>估值的另一种角度</h2>
</div><p>On a simple price to earnings lens, Deere looks less generous. The shares trade around 25.3 times earnings, slightly richer than peers at 23.9 times but still below a fair ratio of 34.4 times. This suggests some potential upside but also less of a margin for error if the cycle disappoints.</p>
<div class="lb-trans"><p>从简单的市盈率来看，迪尔显得不那么慷慨。其股票交易约为 25.3 倍盈利，略高于同行的 23.9 倍，但仍低于公允比例的 34.4 倍。这表明有一定的上涨潜力，但如果周期失望，错误的余地也较小。</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/aaea2ecf-c4c6-40d1-b0b5-d99254559a35/chart/pe-multiple-vs-industry" alt="" original-src="https://images.simplywall.st/company/aaea2ecf-c4c6-40d1-b0b5-d99254559a35/chart/pe-multiple-vs-industry"/></p>
<p>NYSE:DE PE Ratio as at Dec 2025</p>
<div class="lb-trans"><p>截至 2025 年 12 月的纽约证券交易所：DE 市盈率</p>
</div><h2>Build Your Own Deere Narrative</h2>
<div class="lb-trans"><h2>自己构建迪尔叙述</h2>
</div><p>If you see the story differently, or prefer to dig into the numbers yourself, you can build a personalized view in just 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，或者更喜欢自己深入数字，你可以在几分钟内构建个性化的视图：按你的方式进行。</p>
</div><p>A great starting point for your Deere research is our analysis highlighting 2 key rewards and 1 important warning sign that could impact your investment decision.</p>
<div class="lb-trans"><p>进行迪尔研究的一个很好的起点是我们的分析，突出 2 个关键奖励和 1 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, put Deere in context by comparing it with other compelling opportunities, so you do not miss what the broader market is quietly pricing in.</p>
<div class="lb-trans"><p>在继续之前，通过将迪尔与其他引人注目的机会进行比较，将其放在上下文中，以免错过更广泛市场悄然定价的内容。</p>
</div><ul>
<li>Target long term compounding potential by reviewing these 898 undervalued stocks based on cash flows that pair strong cash flow support with prices the market has not fully appreciated yet.</li>
<li>Tap into the next wave of innovation by scanning these 24 AI penny stocks riding structural shifts in automation, data infrastructure, and intelligent software adoption.</li>
<li>Strengthen your income stream by focusing on these 12 dividend stocks with yields &gt; 3% that combine attractive yields with balance sheets that can sustain payouts through cycles.</li>
</ul>
<div class="lb-trans"><ul>
<li>通过审查这 898 只基于现金流的低估股票，目标长期复合潜力，这些股票将强劲的现金流支持与市场尚未充分认可的价格相结合。</li>
<li>通过扫描这 24 只在自动化、数据基础设施和智能软件采用方面经历结构性转变的 AI 便士股票，抓住下一个创新浪潮。</li>
<li>通过关注这 12 只收益率超过 3% 的股息股票，增强你的收入流，这些股票结合了有吸引力的收益率和能够在周期中维持派息的资产负债表。</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，我们的文章并不旨在提供财务建议。</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>
</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>由 CiTech 赞助</p>
</div>

迪尔（Deere，股票代码 DE）：在近期股价回调后重新评估其估值