<p>在当今快速变化且竞争激烈的商业世界中，投资者和行业观察者在做出投资选择之前，必须仔细评估公司。在本文中，我们将进行全面的行业比较，评估 <strong>Microsoft (NASDAQ: MSFT)</strong> 与其在软件行业的主要竞争对手。通过对重要财务指标、市场地位和增长潜力的详细分析，我们的目标是提供有价值的见解，并突出公司的行业表现。</p>
<h3>微软背景</h3>
<p>微软开发和许可消费和企业软件。它以其 Windows 操作系统和 Office 办公套件而闻名。该公司分为三个规模相当的广泛部门：生产力和业务流程（传统的 Microsoft Office、基于云的 Office 365、Exchange、SharePoint、Skype、LinkedIn、Dynamics）、智能云（基础设施和平台即服务产品 Azure、Windows Server 操作系统、SQL Server）以及更个人化的计算（Windows 客户端、Xbox、Bing 搜索、展示广告以及 Surface 笔记本电脑、平板电脑和台式机）。</p>
<table>
<thead>
<tr>
<th><strong>公司</strong></th>
<th><strong>市盈率 (P/E)</strong></th>
<th><strong>市净率 (P/B)</strong></th>
<th><strong>市销率 (P/S)</strong></th>
<th><strong>股本回报率 (ROE)</strong></th>
<th><strong>息税折旧摊销前利润 (EBITDA)（十亿美元）</strong></th>
<th><strong>毛利润（十亿美元）</strong></th>
<th><strong>收入增长</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>微软公司</td>
<td>25.73</td>
<td>7.81</td>
<td>10.05</td>
<td>10.2%</td>
<td>$58.18</td>
<td>$55.3</td>
<td>16.72%</td>
</tr>
<tr>
<td>甲骨文公司</td>
<td>29.07</td>
<td>14.84</td>
<td>7.34</td>
<td>22.68%</td>
<td>$9.51</td>
<td>$10.68</td>
<td>14.22%</td>
</tr>
<tr>
<td>帕洛阿尔托网络公司</td>
<td>105.22</td>
<td>13.37</td>
<td>12.34</td>
<td>4.05%</td>
<td>$0.5</td>
<td>$1.84</td>
<td>15.66%</td>
</tr>
<tr>
<td>ServiceNow 公司</td>
<td>65.73</td>
<td>8.86</td>
<td>8.65</td>
<td>3.31%</td>
<td>$0.76</td>
<td>$2.73</td>
<td>20.66%</td>
</tr>
<tr>
<td>Fortinet 公司</td>
<td>32.63</td>
<td>80.22</td>
<td>9.33</td>
<td>33.9%</td>
<td>$0.64</td>
<td>$1.39</td>
<td>14.38%</td>
</tr>
<tr>
<td>Gen Digital 公司</td>
<td>24.67</td>
<td>5.64</td>
<td>3.13</td>
<td>5.56%</td>
<td>$0.5</td>
<td>$0.95</td>
<td>25.26%</td>
</tr>
<tr>
<td>UiPath 公司</td>
<td>28.93</td>
<td>3.38</td>
<td>4.27</td>
<td>11.08%</td>
<td>$0.02</td>
<td>$0.34</td>
<td>15.92%</td>
</tr>
<tr>
<td>Dolby 实验室公司</td>
<td>24.72</td>
<td>2.25</td>
<td>4.44</td>
<td>2.04%</td>
<td>$0.1</td>
<td>$0.3</td>
<td>-2.88%</td>
</tr>
<tr>
<td>Monday.Com 公司</td>
<td>82.61</td>
<td>4.13</td>
<td>4.63</td>
<td>1.06%</td>
<td>$0.0</td>
<td>$0.28</td>
<td>26.24%</td>
</tr>
<tr>
<td>Qualys 公司</td>
<td>24.73</td>
<td>8.64</td>
<td>7.16</td>
<td>9.7%</td>
<td>$0.06</td>
<td>$0.14</td>
<td>10.41%</td>
</tr>
<tr>
<td>CommVault 系统公司</td>
<td>42.58</td>
<td>16.59</td>
<td>3.21</td>
<td>8.33%</td>
<td>$0.03</td>
<td>$0.25</td>
<td>19.5%</td>
</tr>
<tr>
<td>Teradata 公司</td>
<td>21.51</td>
<td>11.08</td>
<td>1.53</td>
<td>20.25%</td>
<td>$0.09</td>
<td>$0.25</td>
<td>-5.45%</td>
</tr>
<tr>
<td>黑莓公司</td>
<td>84.75</td>
<td>2.70</td>
<td>3.78</td>
<td>1.87%</td>
<td>$0.02</td>
<td>$0.11</td>
<td>-1.25%</td>
</tr>
<tr>
<td><strong>平均</strong></td>
<td><strong>47.26</strong></td>
<td><strong>14.31</strong></td>
<td><strong>5.82</strong></td>
<td><strong>10.32%</strong></td>
<td><strong>$1.02</strong></td>
<td><strong>$1.61</strong></td>
<td><strong>12.72%</strong></td>
</tr>
</tbody>
</table>
<p>通过仔细审视微软，我们可以识别出以下趋势：</p>
<ul>
<li>25.73 的市盈率显著低于行业平均水平 0.54 倍，表明被低估。这可能使得该股票对寻求增长的投资者具有吸引力。</li>
</ul>
<ul>
<li>7.81 的市净率显著低于行业平均水平 0.55 倍，表明被低估，并可能存在未开发的增长前景。</li>
</ul>
<ul>
<li>相对较高的市销率 10.05 是行业平均水平的 1.73 倍，可能表明该股票在销售表现上被高估。</li>
</ul>
<ul>
<li>10.2% 的股本回报率（ROE）低于行业平均水平 0.12%，这表明公司在利用股本创造利润方面可能存在潜在的低效。</li>
</ul>
<ul>
<li>581.8 亿美元的息税折旧摊销前利润（EBITDA）是行业平均水平的 57.04 倍，突显出更强的盈利能力和稳健的现金流生成。</li>
</ul>
<ul>
<li>与行业相比，公司拥有 553 亿美元的毛利润，表明其盈利能力更强，核心业务的收益更高，超出行业平均水平 34.35 倍。</li>
</ul>
<ul>
<li>16.72% 的收入增长超过行业平均水平 12.72%，表明公司正在展示强劲的销售扩张并获得市场份额。</li>
</ul>
<h3>债务与股本比率</h3>
<p><img src="https://imageproxy.pbkrs.com/https://www.benzinga.com/files/images/story/2026/1770217242_0.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="债务与股本" original-src="https://imageproxy.pbkrs.com/https://www.benzinga.com/files/images/story/2026/1770217242_0.png"/></p>
<p>债务与股本比率（D/E）评估公司在多大程度上依赖借款资金与其股本的比较。</p>
<p>在行业比较中考虑债务与股本比率，可以简明地评估公司的财务健康状况和风险特征，帮助做出明智的决策。</p>
<p>在评估微软与其在债务与股本比率方面的前四大同行时，得出以下见解：</p>
<ul>
<li>微软的财务状况优于其前四大同行，其债务与股本比率为 0.15，显示出更强的财务实力。</li>
</ul>
<ul>
<li>这表明公司在债务和股本之间的平衡更为有利，这可以被投资者视为一个积极的指标。</li>
</ul>
<h3>关键要点</h3>
<p>对于微软在软件行业的表现，市盈率和市净率表明该股票相较于同行被低估。然而，高市销率表明该股票在收入方面可能被高估。在股本回报率、息税折旧摊销前利润和毛利润方面，微软显示出强劲的表现，盈利能力和收入增长高于行业同行。</p>
<p><em>本文由 Benzinga 的自动内容引擎生成，并由编辑审核。</em></p>

MSFO

北美科技软件股指数 ETF - iShares

微软每日 2 倍做多 ETF - Direxion

标普软件与服务 ETF - SPDR

2 倍做多 MSFT ETF - GraniteShares

MSFX

微软

<p>在对微软与其软件行业同行的竞争分析中，该公司显示出被低估的迹象，市盈率为 25.73，市净率为 7.81，均低于行业平均水平。然而，其市销率为 10.05 则暗示可能存在高估。微软展现出强劲的盈利能力，息税折旧摊销前利润（EBITDA）为 581.8 亿美元，毛利润为 553 亿美元，收入增长率为 16.72%。其债务与股本比率为 0.15，表明与竞争对手相比，财务状况良好，使其成为投资者的一个有吸引力的选择</p>

<p>In today's rapidly changing and highly competitive business world, it is imperative for investors and industry observers to carefully assess companies before making investment choices. In this article, we will undertake a comprehensive industry comparison, evaluating <strong>Microsoft (NASDAQ: MSFT)</strong> vis-à-vis its key competitors in the Software industry. Through a detailed analysis of important financial indicators, market standing, and growth potential, our goal is to provide valuable insights and highlight company's performance in the industry.</p>
<div class="lb-trans"><p>在当今快速变化且竞争激烈的商业世界中，投资者和行业观察者在做出投资选择之前，必须仔细评估公司。在本文中，我们将进行全面的行业比较，评估 <strong>Microsoft (NASDAQ: MSFT)</strong> 与其在软件行业的主要竞争对手。通过对重要财务指标、市场地位和增长潜力的详细分析，我们的目标是提供有价值的见解，并突出公司的行业表现。</p>
</div><h3>Microsoft Background</h3>
<div class="lb-trans"><h3>微软背景</h3>
</div><p>Microsoft develops and licenses consumer and enterprise software. It is known for its Windows operating systems and Office productivity suite. The company is organized into three equally sized broad segments: productivity and business processes (legacy Microsoft Office, cloud-based Office 365, Exchange, SharePoint, Skype, LinkedIn, Dynamics), intelligence cloud (infrastructure- and platform-as-a-service offerings Azure, Windows Server OS, SQL Server), and more personal computing (Windows Client, Xbox, Bing search, display advertising, and Surface laptops, tablets, and desktops).</p>
<div class="lb-trans"><p>微软开发和许可消费和企业软件。它以其 Windows 操作系统和 Office 办公套件而闻名。该公司分为三个规模相当的广泛部门：生产力和业务流程（传统的 Microsoft Office、基于云的 Office 365、Exchange、SharePoint、Skype、LinkedIn、Dynamics）、智能云（基础设施和平台即服务产品 Azure、Windows Server 操作系统、SQL Server）以及更个人化的计算（Windows 客户端、Xbox、Bing 搜索、展示广告以及 Surface 笔记本电脑、平板电脑和台式机）。</p>
</div><table>
<thead>
<tr>
<th><strong>Company</strong></th>
<th><strong>P/E</strong></th>
<th><strong>P/B</strong></th>
<th><strong>P/S</strong></th>
<th><strong>ROE</strong></th>
<th><strong>EBITDA (in billions)</strong></th>
<th><strong>Gross Profit (in billions)</strong></th>
<th><strong>Revenue Growth</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>Microsoft Corp</td>
<td>25.73</td>
<td>7.81</td>
<td>10.05</td>
<td>10.2%</td>
<td>$58.18</td>
<td>$55.3</td>
<td>16.72%</td>
</tr>
<tr>
<td>Oracle Corp</td>
<td>29.07</td>
<td>14.84</td>
<td>7.34</td>
<td>22.68%</td>
<td>$9.51</td>
<td>$10.68</td>
<td>14.22%</td>
</tr>
<tr>
<td>Palo Alto Networks Inc</td>
<td>105.22</td>
<td>13.37</td>
<td>12.34</td>
<td>4.05%</td>
<td>$0.5</td>
<td>$1.84</td>
<td>15.66%</td>
</tr>
<tr>
<td>ServiceNow Inc</td>
<td>65.73</td>
<td>8.86</td>
<td>8.65</td>
<td>3.31%</td>
<td>$0.76</td>
<td>$2.73</td>
<td>20.66%</td>
</tr>
<tr>
<td>Fortinet Inc</td>
<td>32.63</td>
<td>80.22</td>
<td>9.33</td>
<td>33.9%</td>
<td>$0.64</td>
<td>$1.39</td>
<td>14.38%</td>
</tr>
<tr>
<td>Gen Digital Inc</td>
<td>24.67</td>
<td>5.64</td>
<td>3.13</td>
<td>5.56%</td>
<td>$0.5</td>
<td>$0.95</td>
<td>25.26%</td>
</tr>
<tr>
<td>UiPath Inc</td>
<td>28.93</td>
<td>3.38</td>
<td>4.27</td>
<td>11.08%</td>
<td>$0.02</td>
<td>$0.34</td>
<td>15.92%</td>
</tr>
<tr>
<td>Dolby Laboratories Inc</td>
<td>24.72</td>
<td>2.25</td>
<td>4.44</td>
<td>2.04%</td>
<td>$0.1</td>
<td>$0.3</td>
<td>-2.88%</td>
</tr>
<tr>
<td>Monday.Com Ltd</td>
<td>82.61</td>
<td>4.13</td>
<td>4.63</td>
<td>1.06%</td>
<td>$0.0</td>
<td>$0.28</td>
<td>26.24%</td>
</tr>
<tr>
<td>Qualys Inc</td>
<td>24.73</td>
<td>8.64</td>
<td>7.16</td>
<td>9.7%</td>
<td>$0.06</td>
<td>$0.14</td>
<td>10.41%</td>
</tr>
<tr>
<td>CommVault Systems Inc</td>
<td>42.58</td>
<td>16.59</td>
<td>3.21</td>
<td>8.33%</td>
<td>$0.03</td>
<td>$0.25</td>
<td>19.5%</td>
</tr>
<tr>
<td>Teradata Corp</td>
<td>21.51</td>
<td>11.08</td>
<td>1.53</td>
<td>20.25%</td>
<td>$0.09</td>
<td>$0.25</td>
<td>-5.45%</td>
</tr>
<tr>
<td>BlackBerry Ltd</td>
<td>84.75</td>
<td>2.70</td>
<td>3.78</td>
<td>1.87%</td>
<td>$0.02</td>
<td>$0.11</td>
<td>-1.25%</td>
</tr>
<tr>
<td><strong>Average</strong></td>
<td><strong>47.26</strong></td>
<td><strong>14.31</strong></td>
<td><strong>5.82</strong></td>
<td><strong>10.32%</strong></td>
<td><strong>$1.02</strong></td>
<td><strong>$1.61</strong></td>
<td><strong>12.72%</strong></td>
</tr>
</tbody>
</table>
<div class="lb-trans"><table>
<thead>
<tr>
<th><strong>公司</strong></th>
<th><strong>市盈率 (P/E)</strong></th>
<th><strong>市净率 (P/B)</strong></th>
<th><strong>市销率 (P/S)</strong></th>
<th><strong>股本回报率 (ROE)</strong></th>
<th><strong>息税折旧摊销前利润 (EBITDA)（十亿美元）</strong></th>
<th><strong>毛利润（十亿美元）</strong></th>
<th><strong>收入增长</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>微软公司</td>
<td>25.73</td>
<td>7.81</td>
<td>10.05</td>
<td>10.2%</td>
<td>$58.18</td>
<td>$55.3</td>
<td>16.72%</td>
</tr>
<tr>
<td>甲骨文公司</td>
<td>29.07</td>
<td>14.84</td>
<td>7.34</td>
<td>22.68%</td>
<td>$9.51</td>
<td>$10.68</td>
<td>14.22%</td>
</tr>
<tr>
<td>帕洛阿尔托网络公司</td>
<td>105.22</td>
<td>13.37</td>
<td>12.34</td>
<td>4.05%</td>
<td>$0.5</td>
<td>$1.84</td>
<td>15.66%</td>
</tr>
<tr>
<td>ServiceNow 公司</td>
<td>65.73</td>
<td>8.86</td>
<td>8.65</td>
<td>3.31%</td>
<td>$0.76</td>
<td>$2.73</td>
<td>20.66%</td>
</tr>
<tr>
<td>Fortinet 公司</td>
<td>32.63</td>
<td>80.22</td>
<td>9.33</td>
<td>33.9%</td>
<td>$0.64</td>
<td>$1.39</td>
<td>14.38%</td>
</tr>
<tr>
<td>Gen Digital 公司</td>
<td>24.67</td>
<td>5.64</td>
<td>3.13</td>
<td>5.56%</td>
<td>$0.5</td>
<td>$0.95</td>
<td>25.26%</td>
</tr>
<tr>
<td>UiPath 公司</td>
<td>28.93</td>
<td>3.38</td>
<td>4.27</td>
<td>11.08%</td>
<td>$0.02</td>
<td>$0.34</td>
<td>15.92%</td>
</tr>
<tr>
<td>Dolby 实验室公司</td>
<td>24.72</td>
<td>2.25</td>
<td>4.44</td>
<td>2.04%</td>
<td>$0.1</td>
<td>$0.3</td>
<td>-2.88%</td>
</tr>
<tr>
<td>Monday.Com 公司</td>
<td>82.61</td>
<td>4.13</td>
<td>4.63</td>
<td>1.06%</td>
<td>$0.0</td>
<td>$0.28</td>
<td>26.24%</td>
</tr>
<tr>
<td>Qualys 公司</td>
<td>24.73</td>
<td>8.64</td>
<td>7.16</td>
<td>9.7%</td>
<td>$0.06</td>
<td>$0.14</td>
<td>10.41%</td>
</tr>
<tr>
<td>CommVault 系统公司</td>
<td>42.58</td>
<td>16.59</td>
<td>3.21</td>
<td>8.33%</td>
<td>$0.03</td>
<td>$0.25</td>
<td>19.5%</td>
</tr>
<tr>
<td>Teradata 公司</td>
<td>21.51</td>
<td>11.08</td>
<td>1.53</td>
<td>20.25%</td>
<td>$0.09</td>
<td>$0.25</td>
<td>-5.45%</td>
</tr>
<tr>
<td>黑莓公司</td>
<td>84.75</td>
<td>2.70</td>
<td>3.78</td>
<td>1.87%</td>
<td>$0.02</td>
<td>$0.11</td>
<td>-1.25%</td>
</tr>
<tr>
<td><strong>平均</strong></td>
<td><strong>47.26</strong></td>
<td><strong>14.31</strong></td>
<td><strong>5.82</strong></td>
<td><strong>10.32%</strong></td>
<td><strong>$1.02</strong></td>
<td><strong>$1.61</strong></td>
<td><strong>12.72%</strong></td>
</tr>
</tbody>
</table>
</div><p>By closely examining Microsoft, we can identify the following trends:</p>
<div class="lb-trans"><p>通过仔细审视微软，我们可以识别出以下趋势：</p>
</div><ul>
<li>A Price to Earnings ratio of 25.73 significantly below the industry average by 0.54x suggests undervaluation. This can make the stock appealing for those seeking growth.</li>
</ul>
<div class="lb-trans"><ul>
<li>25.73 的市盈率显著低于行业平均水平 0.54 倍，表明被低估。这可能使得该股票对寻求增长的投资者具有吸引力。</li>
</ul>
</div><ul>
<li>With a Price to Book ratio of 7.81, significantly falling below the industry average by 0.55x, it suggests undervaluation and the possibility of untapped growth prospects.</li>
</ul>
<div class="lb-trans"><ul>
<li>7.81 的市净率显著低于行业平均水平 0.55 倍，表明被低估，并可能存在未开发的增长前景。</li>
</ul>
</div><ul>
<li>With a relatively high Price to Sales ratio of 10.05, which is 1.73x the industry average, the stock might be considered overvalued based on sales performance.</li>
</ul>
<div class="lb-trans"><ul>
<li>相对较高的市销率 10.05 是行业平均水平的 1.73 倍，可能表明该股票在销售表现上被高估。</li>
</ul>
</div><ul>
<li>With a Return on Equity (ROE) of 10.2% that is 0.12% below the industry average, it appears that the company exhibits potential inefficiency in utilizing equity to generate profits.</li>
</ul>
<div class="lb-trans"><ul>
<li>10.2% 的股本回报率（ROE）低于行业平均水平 0.12%，这表明公司在利用股本创造利润方面可能存在潜在的低效。</li>
</ul>
</div><ul>
<li>The Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) of $58.18 Billion is 57.04x above the industry average, highlighting stronger profitability and robust cash flow generation.</li>
</ul>
<div class="lb-trans"><ul>
<li>581.8 亿美元的息税折旧摊销前利润（EBITDA）是行业平均水平的 57.04 倍，突显出更强的盈利能力和稳健的现金流生成。</li>
</ul>
</div><ul>
<li>Compared to its industry, the company has higher gross profit of $55.3 Billion, which indicates 34.35x above the industry average, indicating stronger profitability and higher earnings from its core operations.</li>
</ul>
<div class="lb-trans"><ul>
<li>与行业相比，公司拥有 553 亿美元的毛利润，表明其盈利能力更强，核心业务的收益更高，超出行业平均水平 34.35 倍。</li>
</ul>
</div><ul>
<li>With a revenue growth of 16.72%, which surpasses the industry average of 12.72%, the company is demonstrating robust sales expansion and gaining market share.</li>
</ul>
<div class="lb-trans"><ul>
<li>16.72% 的收入增长超过行业平均水平 12.72%，表明公司正在展示强劲的销售扩张并获得市场份额。</li>
</ul>
</div><h3>Debt To Equity Ratio</h3>
<div class="lb-trans"><h3>债务与股本比率</h3>
</div><p><img src="https://imageproxy.pbkrs.com/https://www.benzinga.com/files/images/story/2026/1770217242_0.png" alt="debt to equity" original-src="https://www.benzinga.com/files/images/story/2026/1770217242_0.png"/></p>
<p>The debt-to-equity (D/E) ratio assesses the extent to which a company relies on borrowed funds compared to its equity.</p>
<div class="lb-trans"><p>债务与股本比率（D/E）评估公司在多大程度上依赖借款资金与其股本的比较。</p>
</div><p>Considering the debt-to-equity ratio in industry comparisons allows for a concise evaluation of a company's financial health and risk profile, aiding in informed decision-making.</p>
<div class="lb-trans"><p>在行业比较中考虑债务与股本比率，可以简明地评估公司的财务健康状况和风险特征，帮助做出明智的决策。</p>
</div><p>When evaluating Microsoft alongside its top 4 peers in terms of the Debt-to-Equity ratio, the following insights arise:</p>
<div class="lb-trans"><p>在评估微软与其在债务与股本比率方面的前四大同行时，得出以下见解：</p>
</div><ul>
<li>Microsoft has a stronger financial position compared to its top 4 peers, as evidenced by its lower debt-to-equity ratio of 0.15.</li>
</ul>
<div class="lb-trans"><ul>
<li>微软的财务状况优于其前四大同行，其债务与股本比率为 0.15，显示出更强的财务实力。</li>
</ul>
</div><ul>
<li>This suggests that the company has a more favorable balance between debt and equity, which can be perceived as a positive indicator by investors.</li>
</ul>
<div class="lb-trans"><ul>
<li>这表明公司在债务和股本之间的平衡更为有利，这可以被投资者视为一个积极的指标。</li>
</ul>
</div><h3>Key Takeaways</h3>
<div class="lb-trans"><h3>关键要点</h3>
</div><p>For Microsoft in the Software industry, the PE and PB ratios suggest that the stock is undervalued compared to its peers. However, the high PS ratio indicates that the stock may be overvalued based on revenue. In terms of ROE, EBITDA, and gross profit, Microsoft shows strong performance with high profitability and revenue growth compared to industry peers.</p>
<div class="lb-trans"><p>对于微软在软件行业的表现，市盈率和市净率表明该股票相较于同行被低估。然而，高市销率表明该股票在收入方面可能被高估。在股本回报率、息税折旧摊销前利润和毛利润方面，微软显示出强劲的表现，盈利能力和收入增长高于行业同行。</p>
</div><p><em>This article was generated by Benzinga's automated content engine and reviewed by an editor.</em></p>
<div class="lb-trans"><p><em>本文由 Benzinga 的自动内容引擎生成，并由编辑审核。</em></p>
</div>

Exploring The Competitive Space: Microsoft Versus Industry Peers In Software

- 微软在软件行业的市盈率和市净率显示其股价被低估。  
- 然而，高市销率可能意味着基于销售的高估。  
- 相比行业对手，微软在盈利能力和收入增长方面表现强劲。

探索竞争空间：微软与行业同行在软件领域的竞争