<p>在當今快速變化且競爭激烈的商業世界中，投資者和行業愛好者必須仔細評估公司。在本文中，我們將對軟件行業中的 <strong>微軟 MSFT</strong> 與其主要競爭對手進行全面的行業比較。通過分析重要的財務指標、市場地位和增長前景，我們旨在為投資者提供有價值的見解，並揭示公司在行業中的表現。</p>
<h3>微軟背景</h3>
<p>微軟開發和許可消費和企業軟件。它以其 Windows 操作系統和 Office 辦公套件而聞名。該公司分為三個規模相當的廣泛部門：生產力和業務流程（傳統的 Microsoft Office、基於雲的 Office 365、Exchange、SharePoint、Skype、LinkedIn、Dynamics）、智能雲（基礎設施和平台即服務產品 Azure、Windows Server 操作系統、SQL Server）以及更多個人計算（Windows 客户端、Xbox、Bing 搜索、展示廣告和 Surface 筆記本、平板電腦和台式機）。</p>
<p>通過仔細研究微軟，我們可以觀察到以下趨勢：</p>
<ul>
<li>以 <strong>34.97</strong> 的市盈率，低於行業平均水平 <strong>0.45 倍</strong>，該股票顯示出合理價格下的增長潛力，使其成為市場參與者的一個有趣選擇。</li>
</ul>
<ul>
<li>以 <strong>10.45</strong> 的市淨率，顯著低於行業平均水平 <strong>0.65 倍</strong>，這表明被低估以及未開發的增長潛力。</li>
</ul>
<ul>
<li><strong>12.52</strong> 的市銷率是行業平均水平的 <strong>1.56 倍</strong>，這表明該股票相對於其銷售表現可能被高估。</li>
</ul>
<ul>
<li><strong>8.27%</strong> 的股本回報率（ROE）低於行業平均水平 <strong>1.2%</strong>，這表明公司在利用股本創造利潤方面可能存在效率不足。</li>
</ul>
<ul>
<li><strong>407.1 億美元</strong> 的息税折舊攤銷前利潤（EBITDA）是行業平均水平的 <strong>61.68 倍</strong>，突顯出更強的盈利能力和穩健的現金流生成。</li>
</ul>
<ul>
<li>公司擁有更高的毛利潤，達到 <strong>481.5 億美元</strong>，這表明其毛利潤是行業平均水平的 <strong>35.4 倍</strong>，顯示出更強的盈利能力和核心業務的更高收益。</li>
</ul>
<ul>
<li>公司正經歷顯著的收入增長，增長率為 <strong>13.27%</strong>，超過行業平均水平的 <strong>10.35%</strong>。</li>
</ul>
<h3>債務與股本比率</h3>
<p><img src="https://imageproxy.pbkrs.com/https://www.benzinga.com/files/images/story/2025/1747926019_0.png/query-YXV0bz13ZWJwJmRwcj0yJm9wdGltaXplPW1lZGl1bSZ3aWR0aD0xMDgw?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://www.benzinga.com/files/images/story/2025/1747926019_0.png/query-YXV0bz13ZWJwJmRwcj0yJm9wdGltaXplPW1lZGl1bSZ3aWR0aD0xMDgw"/></p>
<p>債務與股本比率（D/E）是一個財務指標，有助於確定與公司資本結構相關的財務風險水平。</p>
<p>在行業比較中考慮債務與股本比率，可以簡明地評估公司的財務健康狀況和風險特徵，幫助做出明智的決策。</p>
<p>通過將微軟與其在債務與股本比率方面的前四大同行進行比較，可以得出以下觀察結果：</p>
<ul>
<li>微軟在該行業的前四大同行中展現出更強的財務狀況。</li>
</ul>
<ul>
<li>以 <strong>0.19</strong> 的較低債務與股本比率，公司對債務融資的依賴較小，保持了債務與股本之間更健康的平衡，這對投資者來説是一個積極的信號。</li>
</ul>
<h3>關鍵要點</h3>
<p>對於軟件行業中的微軟而言，市盈率和市淨率表明該股票相對於其同行被低估。然而，高市銷率表明市場對其銷售的評價更高。在股本回報率方面，微軟的表現弱於同行，而其高 EBITDA 和毛利潤率則表明強大的運營效率。此外，高收入增長率暗示着未來擴張和市場主導的潛力。</p>
<p><em>本文由 Benzinga 的自動內容引擎生成，並經過編輯審核。</em></p>

微軟

<p>本文對微軟與其軟件行業競爭對手進行了深入分析。評估了關鍵財務指標，如市盈率、市淨率和市銷率，突出了微軟的增長潛力和被低估的價值。儘管與同行相比，微軟的股本回報率較低，但公司顯示出強勁的盈利能力，擁有高 EBITDA 和毛利率。微軟較低的債務股本比率表明其財務狀況更為健康。總體而言，分析表明微軟在市場上具有強大的運營效率和增長潛力</p>

<p>In today's rapidly changing and highly competitive business world, it is vital for investors and industry enthusiasts to carefully assess companies. In this article, we will perform a comprehensive industry comparison, evaluating <strong>Microsoft MSFT</strong> against its key competitors in the Software industry. By analyzing important financial metrics, market position, and growth prospects, we aim to provide valuable insights for investors and shed light on company's performance within the industry.</p>
<div class="lb-trans"><p>在當今快速變化且競爭激烈的商業世界中，投資者和行業愛好者必須仔細評估公司。在本文中，我們將對軟件行業中的 <strong>微軟 MSFT</strong> 與其主要競爭對手進行全面的行業比較。通過分析重要的財務指標、市場地位和增長前景，我們旨在為投資者提供有價值的見解，並揭示公司在行業中的表現。</p>
</div><h3>Microsoft Background</h3>
<div class="lb-trans"><h3>微軟背景</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>微軟開發和許可消費和企業軟件。它以其 Windows 操作系統和 Office 辦公套件而聞名。該公司分為三個規模相當的廣泛部門：生產力和業務流程（傳統的 Microsoft Office、基於雲的 Office 365、Exchange、SharePoint、Skype、LinkedIn、Dynamics）、智能雲（基礎設施和平台即服務產品 Azure、Windows Server 操作系統、SQL Server）以及更多個人計算（Windows 客户端、Xbox、Bing 搜索、展示廣告和 Surface 筆記本、平板電腦和台式機）。</p>
</div><p>By closely studying Microsoft, we can observe the following trends:</p>
<div class="lb-trans"><p>通過仔細研究微軟，我們可以觀察到以下趨勢：</p>
</div><ul>
<li>With a Price to Earnings ratio of <strong>34.97</strong>, which is <strong>0.45x</strong> less than the industry average, the stock shows potential for growth at a reasonable price, making it an interesting consideration for market participants.</li>
</ul>
<div class="lb-trans"><ul>
<li>以 <strong>34.97</strong> 的市盈率，低於行業平均水平 <strong>0.45 倍</strong>，該股票顯示出合理價格下的增長潛力，使其成為市場參與者的一個有趣選擇。</li>
</ul>
</div><ul>
<li>With a Price to Book ratio of <strong>10.45</strong>, significantly falling below the industry average by <strong>0.65x</strong>, it suggests undervaluation and the possibility of untapped growth prospects.</li>
</ul>
<div class="lb-trans"><ul>
<li>以 <strong>10.45</strong> 的市淨率，顯著低於行業平均水平 <strong>0.65 倍</strong>，這表明被低估以及未開發的增長潛力。</li>
</ul>
</div><ul>
<li>The Price to Sales ratio of <strong>12.52</strong>, which is <strong>1.56x</strong> the industry average, suggests the stock could potentially be overvalued in relation to its sales performance compared to its peers.</li>
</ul>
<div class="lb-trans"><ul>
<li><strong>12.52</strong> 的市銷率是行業平均水平的 <strong>1.56 倍</strong>，這表明該股票相對於其銷售表現可能被高估。</li>
</ul>
</div><ul>
<li>With a Return on Equity (ROE) of <strong>8.27%</strong> that is <strong>1.2%</strong> 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><strong>8.27%</strong> 的股本回報率（ROE）低於行業平均水平 <strong>1.2%</strong>，這表明公司在利用股本創造利潤方面可能存在效率不足。</li>
</ul>
</div><ul>
<li>The Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) of <strong>$40.71 Billion</strong> is <strong>61.68x</strong> above the industry average, highlighting stronger profitability and robust cash flow generation.</li>
</ul>
<div class="lb-trans"><ul>
<li><strong>407.1 億美元</strong> 的息税折舊攤銷前利潤（EBITDA）是行業平均水平的 <strong>61.68 倍</strong>，突顯出更強的盈利能力和穩健的現金流生成。</li>
</ul>
</div><ul>
<li>The company has higher gross profit of <strong>$48.15 Billion</strong>, which indicates <strong>35.4x</strong> above the industry average, indicating stronger profitability and higher earnings from its core operations.</li>
</ul>
<div class="lb-trans"><ul>
<li>公司擁有更高的毛利潤，達到 <strong>481.5 億美元</strong>，這表明其毛利潤是行業平均水平的 <strong>35.4 倍</strong>，顯示出更強的盈利能力和核心業務的更高收益。</li>
</ul>
</div><ul>
<li>The company is experiencing remarkable revenue growth, with a rate of <strong>13.27%</strong>, outperforming the industry average of <strong>10.35%</strong>.</li>
</ul>
<div class="lb-trans"><ul>
<li>公司正經歷顯著的收入增長，增長率為 <strong>13.27%</strong>，超過行業平均水平的 <strong>10.35%</strong>。</li>
</ul>
</div><h3>Debt To Equity Ratio</h3>
<div class="lb-trans"><h3>債務與股本比率</h3>
</div><p><img src="https://imageproxy.pbkrs.com/https://www.benzinga.com/files/images/story/2025/1747926019_0.png/query-YXV0bz13ZWJwJmRwcj0yJm9wdGltaXplPW1lZGl1bSZ3aWR0aD0xMDgw" alt="" original-src="https://www.benzinga.com/files/images/story/2025/1747926019_0.png?optimize=medium&amp;dpr=2&amp;auto=webp&amp;width=1080"/></p>
<p>The debt-to-equity (D/E) ratio is a financial metric that helps determine the level of financial risk associated with a company's capital structure.</p>
<div class="lb-trans"><p>債務與股本比率（D/E）是一個財務指標，有助於確定與公司資本結構相關的財務風險水平。</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>在行業比較中考慮債務與股本比率，可以簡明地評估公司的財務健康狀況和風險特徵，幫助做出明智的決策。</p>
</div><p>By evaluating Microsoft against its top 4 peers in terms of the Debt-to-Equity ratio, the following observations arise:</p>
<div class="lb-trans"><p>通過將微軟與其在債務與股本比率方面的前四大同行進行比較，可以得出以下觀察結果：</p>
</div><ul>
<li>Microsoft demonstrates a stronger financial position compared to its top 4 peers in the sector.</li>
</ul>
<div class="lb-trans"><ul>
<li>微軟在該行業的前四大同行中展現出更強的財務狀況。</li>
</ul>
</div><ul>
<li>With a lower debt-to-equity ratio of <strong>0.19</strong>, the company relies less on debt financing and maintains a healthier balance between debt and equity, which can be viewed positively by investors.</li>
</ul>
<div class="lb-trans"><ul>
<li>以 <strong>0.19</strong> 的較低債務與股本比率，公司對債務融資的依賴較小，保持了債務與股本之間更健康的平衡，這對投資者來説是一個積極的信號。</li>
</ul>
</div><h3>Key Takeaways</h3>
<div class="lb-trans"><h3>關鍵要點</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 market values its sales more highly. In terms of ROE, Microsoft's performance is weaker than its peers, while its high EBITDA and gross profit margins indicate strong operational efficiency. Additionally, the high revenue growth rate suggests potential for future expansion and market dominance.</p>
<div class="lb-trans"><p>對於軟件行業中的微軟而言，市盈率和市淨率表明該股票相對於其同行被低估。然而，高市銷率表明市場對其銷售的評價更高。在股本回報率方面，微軟的表現弱於同行，而其高 EBITDA 和毛利潤率則表明強大的運營效率。此外，高收入增長率暗示着未來擴張和市場主導的潛力。</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 的自動內容引擎生成，並經過編輯審核。</em></p>
</div>

In-Depth Analysis: Microsoft Versus Competitors In Software Industry

- 微軟在軟件行業的市盈率和市淨率顯示其股票被低估。  
- 其高銷售市值比率表明市場對銷售的重視。  
- 微軟的高 EBITDA 和毛利率顯示出強勁的運營效率。  

深入分析：微軟在軟件行業中與競爭對手的對比