<p>以 24.4 倍的市盈率（&#34;P/E&#34;）來看，<strong>聯合利華 PLC</strong>（LON:ULVR）目前可能發出了非常悲觀的信號，因為幾乎一半的英國公司市盈率低於 15 倍，甚至低於 8 倍的市盈率也並不罕見。不過，僅僅將市盈率表面化是不明智的，因為可能有解釋説明其如此高的原因。</p>
<p>我們發現了關於聯合利華的 <strong>1 個警告信號</strong>。可以免費查看。</p>
<p>聯合利華的表現可能更好，因為其盈利最近一直在下滑，而大多數其他公司則在實現盈利增長。可能許多人預計悲觀的盈利表現會大幅恢復，這使得市盈率沒有崩潰。如果不是這樣，那麼現有股東可能會對股價的可持續性感到極度緊張。</p>
<p>查看我們對聯合利華的最新分析</p>
<p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/asset/chart/523191-pe-multiple-vs-industry-1-dark/1744978526379?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/asset/chart/523191-pe-multiple-vs-industry-1-dark/1744978526379"/></p>
<p>LSE:ULVR 市盈率與行業比較 2025 年 4 月 18 日</p>
<p>想知道分析師如何看待聯合利華的未來與行業的對比嗎？那麼，我們的 <strong>免費</strong> 報告是一個很好的起點。</p>
<h2>聯合利華的增長趨勢如何？</h2>
<p>為了證明其市盈率的合理性，聯合利華需要實現遠超市場的卓越增長。</p>
<p>回顧過去一年，公司淨利潤下降了令人沮喪的 11%。過去三年的表現也不理想，公司整體每股收益下降了 1.1%。因此，不幸的是，我們必須承認公司在這段時間內未能有效地實現盈利增長。</p>
<p>展望未來，覆蓋該公司的分析師預計未來三年每年盈利將增長 12%。這顯然低於更廣泛市場預計的每年 16% 的增長。</p>
<p>鑑於此，聯合利華的市盈率高於大多數其他公司令人擔憂。顯然，許多投資者對該公司的看法遠比分析師所表明的樂觀，並且不願意以任何價格拋售他們的股票。只有最勇敢的人才會認為這些價格是可持續的，因為這種盈利增長水平最終可能會對股價產生重大壓力。</p>
<h2>關於聯合利華市盈率的結論</h2>
<p>通常情況下，我們會警告在做出投資決策時不要過於解讀市盈率，儘管它可以揭示其他市場參與者對公司的看法。</p>
<p>我們對聯合利華分析師預測的審查顯示，其較差的盈利前景並沒有像我們預期的那樣對其高市盈率產生太大影響。當我們看到盈利前景疲弱且增長速度低於市場時，我們懷疑股價面臨下跌風險，從而使高市盈率降低。這使得股東的投資面臨重大風險，潛在投資者可能會支付過高的溢價。</p>
<p>我們不想過於潑冷水，但我們確實發現了關於聯合利華的 <strong>1 個警告信號</strong>，你需要注意。</p>
<p>重要的是要 <strong>確保你尋找的是一家優秀的公司，而不僅僅是你遇到的第一個想法。</strong> 所以請查看這份 <strong>免費</strong> 的有趣公司名單，這些公司最近的盈利增長強勁且市盈率較低。</p>
<p>如果你打算交易聯合利華，請在專業人士信賴的最低成本平台上開設賬户，Interactive Brokers。</p>
<p>IBKR 在 200 多個國家和地區擁有客户，並可訪問 160 個市場，讓你可以通過一個集成賬户交易股票、期權、期貨、外匯、債券和基金。</p>
<p>享受無隱藏費用、無賬户最低限額，外匯轉換率低至 0.03%，遠低於大多數經紀商提供的水平。</p>
<p>贊助內容</p>

聯合利華

<p>聯合利華（Unilever PLC，倫敦證券交易所代碼：ULVR）正面臨看跌信號，其市盈率高達 24.4 倍，而英國平均市盈率低於 15 倍。該公司的收益在過去一年中下降了 11%，在三年內下降了 1.1%，這引發了對其增長潛力的擔憂。分析師預測未來三年收益年增長率為 12%，低於市場的 16% 預測。這一差異表明，聯合利華的高市盈率可能不可持續，這使得現有股東面臨風險，並暗示新投資者可能存在高估的風險</p>

<p>With a price-to-earnings (or &#34;P/E&#34;) ratio of 24.4x <strong>Unilever PLC</strong> (LON:ULVR) may be sending very bearish signals at the moment, given that almost half of all companies in the United Kingdom have P/E ratios under 15x and even P/E's lower than 8x are not unusual. Although, it's not wise to just take the P/E at face value as there may be an explanation why it's so lofty.</p>
<div class="lb-trans"><p>以 24.4 倍的市盈率（&#34;P/E&#34;）來看，<strong>聯合利華 PLC</strong>（LON:ULVR）目前可能發出了非常悲觀的信號，因為幾乎一半的英國公司市盈率低於 15 倍，甚至低於 8 倍的市盈率也並不罕見。不過，僅僅將市盈率表面化是不明智的，因為可能有解釋説明其如此高的原因。</p>
</div><p>We've discovered <strong>1 warning sign</strong> about Unilever. View them for free.</p>
<div class="lb-trans"><p>我們發現了關於聯合利華的 <strong>1 個警告信號</strong>。可以免費查看。</p>
</div><p>Unilever could be doing better as its earnings have been going backwards lately while most other companies have been seeing positive earnings growth. It might be that many expect the dour earnings performance to recover substantially, which has kept the P/E from collapsing. If not, then existing shareholders may be extremely nervous about the viability of the share price.</p>
<div class="lb-trans"><p>聯合利華的表現可能更好，因為其盈利最近一直在下滑，而大多數其他公司則在實現盈利增長。可能許多人預計悲觀的盈利表現會大幅恢復，這使得市盈率沒有崩潰。如果不是這樣，那麼現有股東可能會對股價的可持續性感到極度緊張。</p>
</div><p>Check out our latest analysis for Unilever</p>
<div class="lb-trans"><p>查看我們對聯合利華的最新分析</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/asset/chart/523191-pe-multiple-vs-industry-1-dark/1744978526379" alt="" original-src="https://images.simplywall.st/asset/chart/523191-pe-multiple-vs-industry-1-dark/1744978526379"/></p>
<p>LSE:ULVR Price to Earnings Ratio vs Industry April 18th 2025</p>
<div class="lb-trans"><p>LSE:ULVR 市盈率與行業比較 2025 年 4 月 18 日</p>
</div><p>Keen to find out how analysts think Unilever's future stacks up against the industry? In that case, our <strong>free</strong> report is a great place to start.</p>
<div class="lb-trans"><p>想知道分析師如何看待聯合利華的未來與行業的對比嗎？那麼，我們的 <strong>免費</strong> 報告是一個很好的起點。</p>
</div><h2>How Is Unilever's Growth Trending?</h2>
<div class="lb-trans"><h2>聯合利華的增長趨勢如何？</h2>
</div><p>In order to justify its P/E ratio, Unilever would need to produce outstanding growth well in excess of the market.</p>
<div class="lb-trans"><p>為了證明其市盈率的合理性，聯合利華需要實現遠超市場的卓越增長。</p>
</div><p>Retrospectively, the last year delivered a frustrating 11% decrease to the company's bottom line. The last three years don't look nice either as the company has shrunk EPS by 1.1% in aggregate. So unfortunately, we have to acknowledge that the company has not done a great job of growing earnings over that time.</p>
<div class="lb-trans"><p>回顧過去一年，公司淨利潤下降了令人沮喪的 11%。過去三年的表現也不理想，公司整體每股收益下降了 1.1%。因此，不幸的是，我們必須承認公司在這段時間內未能有效地實現盈利增長。</p>
</div><p>Shifting to the future, estimates from the analysts covering the company suggest earnings should grow by 12% per year over the next three years. That's shaping up to be materially lower than the 16% per year growth forecast for the broader market.</p>
<div class="lb-trans"><p>展望未來，覆蓋該公司的分析師預計未來三年每年盈利將增長 12%。這顯然低於更廣泛市場預計的每年 16% 的增長。</p>
</div><p>In light of this, it's alarming that Unilever's P/E sits above the majority of other companies. Apparently many investors in the company are way more bullish than analysts indicate and aren't willing to let go of their stock at any price. Only the boldest would assume these prices are sustainable as this level of earnings growth is likely to weigh heavily on the share price eventually.</p>
<div class="lb-trans"><p>鑑於此，聯合利華的市盈率高於大多數其他公司令人擔憂。顯然，許多投資者對該公司的看法遠比分析師所表明的樂觀，並且不願意以任何價格拋售他們的股票。只有最勇敢的人才會認為這些價格是可持續的，因為這種盈利增長水平最終可能會對股價產生重大壓力。</p>
</div><h2>The Bottom Line On Unilever's P/E</h2>
<div class="lb-trans"><h2>關於聯合利華市盈率的結論</h2>
</div><p>Typically, we'd caution against reading too much into price-to-earnings ratios when settling on investment decisions, though it can reveal plenty about what other market participants think about the company.</p>
<div class="lb-trans"><p>通常情況下，我們會警告在做出投資決策時不要過於解讀市盈率，儘管它可以揭示其他市場參與者對公司的看法。</p>
</div><p>Our examination of Unilever's analyst forecasts revealed that its inferior earnings outlook isn't impacting its high P/E anywhere near as much as we would have predicted. When we see a weak earnings outlook with slower than market growth, we suspect the share price is at risk of declining, sending the high P/E lower. This places shareholders' investments at significant risk and potential investors in danger of paying an excessive premium.</p>
<div class="lb-trans"><p>我們對聯合利華分析師預測的審查顯示，其較差的盈利前景並沒有像我們預期的那樣對其高市盈率產生太大影響。當我們看到盈利前景疲弱且增長速度低於市場時，我們懷疑股價面臨下跌風險，從而使高市盈率降低。這使得股東的投資面臨重大風險，潛在投資者可能會支付過高的溢價。</p>
</div><p>We don't want to rain on the parade too much, but we did also find <strong>1 warning sign for Unilever</strong> that you need to be mindful of.</p>
<div class="lb-trans"><p>我們不想過於潑冷水，但我們確實發現了關於聯合利華的 <strong>1 個警告信號</strong>，你需要注意。</p>
</div><p>It's important to <strong>make sure you look for a great company, not just the first idea you come across.</strong> So take a peek at this <strong>free</strong> list of interesting companies with strong recent earnings growth (and a low P/E).</p>
<div class="lb-trans"><p>重要的是要 <strong>確保你尋找的是一家優秀的公司，而不僅僅是你遇到的第一個想法。</strong> 所以請查看這份 <strong>免費</strong> 的有趣公司名單，這些公司最近的盈利增長強勁且市盈率較低。</p>
</div><p>If you're looking to trade Unilever, open an account with the lowest-cost platform trusted by professionals, Interactive Brokers.</p>
<div class="lb-trans"><p>如果你打算交易聯合利華，請在專業人士信賴的最低成本平台上開設賬户，Interactive Brokers。</p>
</div><p>With clients in over 200 countries and territories, and access to 160 markets, IBKR lets you trade stocks, options, futures, forex, bonds and funds from a single integrated account.</p>
<div class="lb-trans"><p>IBKR 在 200 多個國家和地區擁有客户，並可訪問 160 個市場，讓你可以通過一個集成賬户交易股票、期權、期貨、外匯、債券和基金。</p>
</div><p>Enjoy no hidden fees, no account minimums, and FX conversion rates as low as 0.03%, far better than what most brokers offer.</p>
<div class="lb-trans"><p>享受無隱藏費用、無賬户最低限額，外匯轉換率低至 0.03%，遠低於大多數經紀商提供的水平。</p>
</div><p>Sponsored Content</p>
<div class="lb-trans"><p>贊助內容</p>
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聯合利華公司（LON:ULVR）的股東可能正在尋找退出的機會