<ul>
<li>投资者可能在想，Stifel Financial 的股价约为 77 美元，是否仍然具有价值，或者大部分潜在的上涨空间是否已经被定价在内。</li>
<li>该股票在过去 7 天内持平，30 天上涨 7.6%，1 年回报率为 37.8%，3 年回报率为 116.6%，5 年回报率为 77.7%，而年初至今的回报率则下降了 9.6%。</li>
<li>最近的报道集中在 Stifel Financial 作为一家多元化金融服务公司的角色，以及投资者情绪如何响应更广泛的行业主题。这一背景有助于框定最近的股价变动，并为更深入地了解投资者今天可能支付的价格提供了背景。</li>
<li>根据 Simply Wall St 的估值检查，Stifel Financial 得分为 6 分中的 3 分。接下来将看看不同的估值方法如何与该股票对齐，以及在本文末尾更全面地思考价值的方式。</li>
</ul>
<p>Stifel Financial 在过去一年中实现了 37.8% 的回报。看看这与资本市场行业的其他公司相比如何。</p>
<h3>方法 1：Stifel Financial 超额回报分析</h3>
<p>超额回报模型考察公司能够产生的利润超出股东预期回报的程度，然后将这一盈余资本化为每股内在价值。</p>
<p>对于 Stifel Financial，该模型使用每股 34.70 美元的账面价值和每股 3.52 美元的稳定每股收益，基于过去 5 年的股本回报中位数。预计的股本成本为每股 2.58 美元，这意味着每股超额回报为 0.94 美元。这是基于 11.21% 的平均股本回报和每股 31.39 美元的稳定账面价值，这也是基于过去 5 年的账面价值中位数得出的。</p>
<p>综合来看，超额回报框架产生的每股内在价值估计为 51.06 美元。与最近的股价约 77 美元相比，这种方法表明该股票的价格约高出 51.5% 的内在价值估计。</p>
<p><strong>结果：高估</strong></p>
<p>我们的超额回报分析表明，Stifel Financial 可能被高估了 51.5%。发现 53 只高质量的低估股票，或创建自己的筛选器以寻找更好的价值机会。</p>
<p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/ea82a3b4-2ae2-4f67-847e-00ae4778b1b4/chart/dcf/query-ZGF0ZT0yMDI2LTA0LTMw?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/ea82a3b4-2ae2-4f67-847e-00ae4778b1b4/chart/dcf/query-ZGF0ZT0yMDI2LTA0LTMw"/></p>
<p>截至 2026 年 4 月的 SF 折现现金流</p>
<p>前往我们公司报告的估值部分，了解我们如何得出 Stifel Financial 的公允价值的更多细节。</p>
<h3>方法 2：Stifel Financial 价格与收益</h3>
<p>对于像 Stifel Financial 这样的盈利公司，市盈率是一个有用的衡量标准，因为它将每股支付的价格直接与支持该股价的收益联系起来。一般来说，预期收益增长较高和感知风险较低往往会使市盈率更高，而增长缓慢和风险较高通常指向较低、更保守的倍数。</p>
<p>Stifel Financial 当前的市盈率为 14.08 倍。这低于资本市场行业平均市盈率约 41.87 倍，也低于同行平均的 17.46 倍。Simply Wall St 对 Stifel Financial 的公允比率为 14.10 倍。这个公允比率是根据公司的收益状况、行业、利润率、市值和风险因素的专有估计。</p>
<p>与简单的同行或行业比较相比，公允比率旨在更具针对性，因为它调整了公司特定特征，而不是假设所有资本市场公司都应获得相同的倍数。当前的市盈率 14.08 倍与公允比率 14.10 倍非常接近，股票在这个基于收益的估值标准下看起来大致合理。</p>
<p><strong>结果：大致合理</strong></p>
<p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/ea82a3b4-2ae2-4f67-847e-00ae4778b1b4/chart/pe-multiple-vs-industry/query-ZGF0ZT0yMDI2LTA0LTMw?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/ea82a3b4-2ae2-4f67-847e-00ae4778b1b4/chart/pe-multiple-vs-industry/query-ZGF0ZT0yMDI2LTA0LTMw"/></p>
<p>截至 2026 年 4 月的 NYSE:SF 市盈率</p>
<p>市盈率讲述了一个故事，但如果真正的机会在其他地方呢？开始投资于遗产，而不是高管。发现我们 18 家顶级创始人领导的公司。</p>
<h3>升级您的决策：选择您的 Stifel Financial 故事</h3>
<p>之前提到过，有一种更好的方式来理解估值。这就是叙事的作用，为您提供了一种简单的方法来阐述 Stifel Financial 的故事，将其与特定的收入、收益和利润率预测联系起来，并得出可以与今天的价格进行比较的公允价值。</p>
<p>在 Simply Wall St 的社区页面上，叙事让您可以阐明为什么您认为 Stifel Financial 的顾问招聘、回购、法律风险、信用风险或利润目标很重要。该平台随后将该故事与完整的预测连接起来，当新的收益、新闻或指导被添加时会自动更新。</p>
<p>叙事可以通过显示您的公允价值是否高于或低于当前股价，以及与社区中其他观点的比较，帮助您做出买入或卖出的决策。</p>
<p>例如，一个 Stifel Financial 的叙事可能更接近分析师的更高目标价 103.0 美元，重点关注招聘和利润扩张。另一个可能更接近 79.0 美元或 86.67 美元的较低目标，更加重视法律问题、缓慢的收入增长或信用风险，您可以看到自己的观点与这一完整范围并列。</p>
<p>您认为 Stifel Financial 的故事还有更多内容吗？前往我们的社区看看其他人怎么说！</p>
<p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/ea82a3b4-2ae2-4f67-847e-00ae4778b1b4/chart/quote-price/query-ZGF0ZT0yMDI2LTA0LTMw?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/ea82a3b4-2ae2-4f67-847e-00ae4778b1b4/chart/quote-price/query-ZGF0ZT0yMDI2LTA0LTMw"/></p>
<p>NYSE:SF 1 年股票价格走势图</p>
<p><em>这篇来自 Simply Wall St 的文章是一般性的。<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均没有持仓。</em></p>
<h3><strong>新功能：</strong> 在一个地方管理您的所有股票投资组合</h3>
<p>我们为股票投资者创建了 <strong>终极投资组合助手</strong>，<strong>而且是免费的。</strong></p>
<p>• 连接无限数量的投资组合，并以一种货币查看您的总额</p>
<p>• 通过电子邮件或手机接收新的警告信号或风险提醒</p>
<p>• 跟踪您股票的公允价值</p>
<p>免费试用演示投资组合</p>

<p>Stifel Financial 的股票目前价格约为 77 美元，过去一年回报率为 37.8%，但根据超额收益分析，其被认为高估了 51.5%，内在价值估计为每股 51.06 美元。市盈率为 14.08 倍，略低于行业平均水平，表明该股票的估值合理。建议投资者考虑多种估值方法和叙述，以评估该股票在更广泛行业主题中的潜力</p>

<ul>
<li>Investors may be wondering whether Stifel Financial, at around US$77 a share, is still offering value or if most of the potential upside has already been priced in.</li>
<li>The stock has been flat over the last 7 days, up 7.6% over 30 days, with a 1-year return of 37.8%, a 3-year return of 116.6%, and a 5-year return of 77.7%, while the year-to-date return sits at a 9.6% decline.</li>
<li>Recent coverage has focused on Stifel Financial's role as a diversified financial services firm and how investor sentiment has been responding to broader sector themes. This backdrop helps frame the recent share price moves and provides context for a closer look at what investors may be paying for today.</li>
<li>On Simply Wall St's valuation checks, Stifel Financial scores 3 out of 6. Next is a look at how different valuation methods line up on the stock and a more complete way to think about value at the end of this article.</li>
</ul>
<div class="lb-trans"><ul>
<li>投资者可能在想，Stifel Financial 的股价约为 77 美元，是否仍然具有价值，或者大部分潜在的上涨空间是否已经被定价在内。</li>
<li>该股票在过去 7 天内持平，30 天上涨 7.6%，1 年回报率为 37.8%，3 年回报率为 116.6%，5 年回报率为 77.7%，而年初至今的回报率则下降了 9.6%。</li>
<li>最近的报道集中在 Stifel Financial 作为一家多元化金融服务公司的角色，以及投资者情绪如何响应更广泛的行业主题。这一背景有助于框定最近的股价变动，并为更深入地了解投资者今天可能支付的价格提供了背景。</li>
<li>根据 Simply Wall St 的估值检查，Stifel Financial 得分为 6 分中的 3 分。接下来将看看不同的估值方法如何与该股票对齐，以及在本文末尾更全面地思考价值的方式。</li>
</ul>
</div><p>Stifel Financial delivered 37.8% returns over the last year. See how this stacks up to the rest of the Capital Markets industry.</p>
<div class="lb-trans"><p>Stifel Financial 在过去一年中实现了 37.8% 的回报。看看这与资本市场行业的其他公司相比如何。</p>
</div><h3>Approach 1: Stifel Financial Excess Returns Analysis</h3>
<div class="lb-trans"><h3>方法 1：Stifel Financial 超额回报分析</h3>
</div><p>The Excess Returns model looks at how much profit a company can generate above the return that shareholders are estimated to require, then capitalizes that surplus into an intrinsic value per share.</p>
<div class="lb-trans"><p>超额回报模型考察公司能够产生的利润超出股东预期回报的程度，然后将这一盈余资本化为每股内在价值。</p>
</div><p>For Stifel Financial, the model uses a Book Value of $34.70 per share and a Stable EPS of $3.52 per share, based on the median return on equity from the past 5 years. The estimated Cost of Equity is $2.58 per share, which implies an Excess Return of $0.94 per share. This is built on an Average Return on Equity of 11.21% and a Stable Book Value of $31.39 per share, which is also drawn from the median book value over the past 5 years.</p>
<div class="lb-trans"><p>对于 Stifel Financial，该模型使用每股 34.70 美元的账面价值和每股 3.52 美元的稳定每股收益，基于过去 5 年的股本回报中位数。预计的股本成本为每股 2.58 美元，这意味着每股超额回报为 0.94 美元。这是基于 11.21% 的平均股本回报和每股 31.39 美元的稳定账面价值，这也是基于过去 5 年的账面价值中位数得出的。</p>
</div><p>Putting this together, the Excess Returns framework produces an intrinsic value estimate of $51.06 per share. Compared with the recent share price around $77, this approach indicates the stock is about 51.5% above this estimate of intrinsic value based on these inputs and assumptions.</p>
<div class="lb-trans"><p>综合来看，超额回报框架产生的每股内在价值估计为 51.06 美元。与最近的股价约 77 美元相比，这种方法表明该股票的价格约高出 51.5% 的内在价值估计。</p>
</div><p><strong>Result: OVERVALUED</strong></p>
<div class="lb-trans"><p><strong>结果：高估</strong></p>
</div><p>Our Excess Returns analysis suggests Stifel Financial may be overvalued by 51.5%. Discover 53 high quality undervalued stocks or create your own screener to find better value opportunities.</p>
<div class="lb-trans"><p>我们的超额回报分析表明，Stifel Financial 可能被高估了 51.5%。发现 53 只高质量的低估股票，或创建自己的筛选器以寻找更好的价值机会。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/ea82a3b4-2ae2-4f67-847e-00ae4778b1b4/chart/dcf/query-ZGF0ZT0yMDI2LTA0LTMw" alt="" original-src="https://images.simplywall.st/company/ea82a3b4-2ae2-4f67-847e-00ae4778b1b4/chart/dcf?date=2026-04-30"/></p>
<p>SF Discounted Cash Flow as at Apr 2026</p>
<div class="lb-trans"><p>截至 2026 年 4 月的 SF 折现现金流</p>
</div><p>Head to the Valuation section of our Company Report for more details on how we arrive at this Fair Value for Stifel Financial.</p>
<div class="lb-trans"><p>前往我们公司报告的估值部分，了解我们如何得出 Stifel Financial 的公允价值的更多细节。</p>
</div><h3>Approach 2: Stifel Financial Price vs Earnings</h3>
<div class="lb-trans"><h3>方法 2：Stifel Financial 价格与收益</h3>
</div><p>For a profitable company like Stifel Financial, the P/E ratio is a useful yardstick because it links what you pay per share directly to the earnings that support that share price. In general, higher expected earnings growth and lower perceived risk tend to justify a higher P/E, while slower growth and higher risk usually point to a lower, more conservative multiple.</p>
<div class="lb-trans"><p>对于像 Stifel Financial 这样的盈利公司，市盈率是一个有用的衡量标准，因为它将每股支付的价格直接与支持该股价的收益联系起来。一般来说，预期收益增长较高和感知风险较低往往会使市盈率更高，而增长缓慢和风险较高通常指向较低、更保守的倍数。</p>
</div><p>Stifel Financial currently trades on a P/E of 14.08x. That is below the Capital Markets industry average P/E of about 41.87x and also below the peer group average of 17.46x. Simply Wall St’s Fair Ratio for Stifel Financial is 14.10x. This Fair Ratio is a proprietary estimate of what the P/E “should” be given the company’s earnings profile, industry, profit margins, market cap and risk factors.</p>
<div class="lb-trans"><p>Stifel Financial 当前的市盈率为 14.08 倍。这低于资本市场行业平均市盈率约 41.87 倍，也低于同行平均的 17.46 倍。Simply Wall St 对 Stifel Financial 的公允比率为 14.10 倍。这个公允比率是根据公司的收益状况、行业、利润率、市值和风险因素的专有估计。</p>
</div><p>Compared with simple peer or industry comparisons, the Fair Ratio aims to be more tailored because it adjusts for company specific characteristics rather than assuming all Capital Markets firms deserve the same multiple. With the current P/E of 14.08x sitting very close to the Fair Ratio of 14.10x, the shares appear broadly in line with this earnings based valuation yardstick.</p>
<div class="lb-trans"><p>与简单的同行或行业比较相比，公允比率旨在更具针对性，因为它调整了公司特定特征，而不是假设所有资本市场公司都应获得相同的倍数。当前的市盈率 14.08 倍与公允比率 14.10 倍非常接近，股票在这个基于收益的估值标准下看起来大致合理。</p>
</div><p><strong>Result: ABOUT RIGHT</strong></p>
<div class="lb-trans"><p><strong>结果：大致合理</strong></p>
</div><p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/ea82a3b4-2ae2-4f67-847e-00ae4778b1b4/chart/pe-multiple-vs-industry/query-ZGF0ZT0yMDI2LTA0LTMw" alt="" original-src="https://images.simplywall.st/company/ea82a3b4-2ae2-4f67-847e-00ae4778b1b4/chart/pe-multiple-vs-industry?date=2026-04-30"/></p>
<p>NYSE:SF P/E Ratio as at Apr 2026</p>
<div class="lb-trans"><p>截至 2026 年 4 月的 NYSE:SF 市盈率</p>
</div><p>P/E ratios tell one story, but what if the real opportunity lies elsewhere? Start investing in legacies, not executives. Discover our 18 top founder-led companies.</p>
<div class="lb-trans"><p>市盈率讲述了一个故事，但如果真正的机会在其他地方呢？开始投资于遗产，而不是高管。发现我们 18 家顶级创始人领导的公司。</p>
</div><h3>Upgrade Your Decision Making: Choose your Stifel Financial Narrative</h3>
<div class="lb-trans"><h3>升级您的决策：选择您的 Stifel Financial 故事</h3>
</div><p>Earlier it was mentioned that there is an even better way to understand valuation. This is where Narratives come in, giving you a simple way to spell out your story for Stifel Financial, link it to specific forecasts for revenue, earnings and margins, and arrive at a Fair Value that can be compared with today’s price.</p>
<div class="lb-trans"><p>之前提到过，有一种更好的方式来理解估值。这就是叙事的作用，为您提供了一种简单的方法来阐述 Stifel Financial 的故事，将其与特定的收入、收益和利润率预测联系起来，并得出可以与今天的价格进行比较的公允价值。</p>
</div><p>On Simply Wall St’s Community page, Narratives let you set out why you think Stifel Financial’s adviser recruitment, buybacks, legal risks, credit exposure or margin targets matter. The platform then connects that story to a full forecast that updates automatically when new earnings, news or guidance are added.</p>
<div class="lb-trans"><p>在 Simply Wall St 的社区页面上，叙事让您可以阐明为什么您认为 Stifel Financial 的顾问招聘、回购、法律风险、信用风险或利润目标很重要。该平台随后将该故事与完整的预测连接起来，当新的收益、新闻或指导被添加时会自动更新。</p>
</div><p>Narratives can help with decisions about when to buy or sell by showing whether your Fair Value sits above or below the current share price and how that compares with other views in the community.</p>
<div class="lb-trans"><p>叙事可以通过显示您的公允价值是否高于或低于当前股价，以及与社区中其他观点的比较，帮助您做出买入或卖出的决策。</p>
</div><p>For example, one Stifel Financial Narrative might lean closer to the analysts’ higher price target of US$103.0, focusing on recruitment and margin expansion. Another might sit nearer the US$79.0 or US$86.67 lower targets, placing more weight on legal issues, slower revenue growth or credit risk, and you can see your own view alongside this full range.</p>
<div class="lb-trans"><p>例如，一个 Stifel Financial 的叙事可能更接近分析师的更高目标价 103.0 美元，重点关注招聘和利润扩张。另一个可能更接近 79.0 美元或 86.67 美元的较低目标，更加重视法律问题、缓慢的收入增长或信用风险，您可以看到自己的观点与这一完整范围并列。</p>
</div><p>Do you think there's more to the story for Stifel Financial? Head over to our Community to see what others are saying!</p>
<div class="lb-trans"><p>您认为 Stifel Financial 的故事还有更多内容吗？前往我们的社区看看其他人怎么说！</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/ea82a3b4-2ae2-4f67-847e-00ae4778b1b4/chart/quote-price/query-ZGF0ZT0yMDI2LTA0LTMw" alt="" original-src="https://images.simplywall.st/company/ea82a3b4-2ae2-4f67-847e-00ae4778b1b4/chart/quote-price?date=2026-04-30"/></p>
<p>NYSE:SF 1-Year Stock Price Chart</p>
<div class="lb-trans"><p>NYSE:SF 1 年股票价格走势图</p>
</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>这篇来自 Simply Wall St 的文章是一般性的。<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均没有持仓。</em></p>
</div><h3><strong>New:</strong> Manage All Your Stock Portfolios in One Place</h3>
<div class="lb-trans"><h3><strong>新功能：</strong> 在一个地方管理您的所有股票投资组合</h3>
</div><p>We've created the <strong>ultimate portfolio companion</strong> for stock investors, <strong>and it's free.</strong></p>
<div class="lb-trans"><p>我们为股票投资者创建了 <strong>终极投资组合助手</strong>，<strong>而且是免费的。</strong></p>
</div><p>• Connect an unlimited number of Portfolios and see your total in one currency</p>
<div class="lb-trans"><p>• 连接无限数量的投资组合，并以一种货币查看您的总额</p>
</div><p>• Be alerted to new Warning Signs or Risks via email or mobile</p>
<div class="lb-trans"><p>• 通过电子邮件或手机接收新的警告信号或风险提醒</p>
</div><p>• Track the Fair Value of your stocks</p>
<div class="lb-trans"><p>• 跟踪您股票的公允价值</p>
</div><p>Try a Demo Portfolio for Free</p>
<div class="lb-trans"><p>免费试用演示投资组合</p>
</div>

Is It Too Late To Consider Stifel Financial (SF) After Its Strong Multi‑Year Run?

Simplywall

Stifel Financial

在 Stifel Financial（SF）经历了多年强劲增长之后，现在考虑是否为时已晚？