<p>在當今快速變化且競爭激烈的商業世界中，投資者和行業關注者進行全面的公司評估至關重要。本文將深入探討一個廣泛的行業比較，評估 <strong>微軟 MSFT</strong> 與其在軟件行業的主要競爭對手的關係。通過仔細審查關鍵財務指標、市場地位和增長前景，我們的目標是提供有價值的見解，並突出公司的行業表現。</p>
<h3>微軟背景</h3>
<p>微軟開發和許可消費類及企業軟件。它以其 Windows 操作系統和 Office 辦公套件而聞名。公司分為三個規模相當的廣泛部門：生產力與業務流程（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）以及更個人化的計算（Windows 客户端、Xbox、Bing 搜索、展示廣告，以及 Surface 筆記本、平板和台式機）。</p>
<p>在仔細審查微軟時，以下趨勢浮現：</p>
<ul>
<li><strong>36.39</strong> 的市盈率顯著低於行業平均水平 <strong>0.32 倍</strong>，這表明被低估。這可能使得該股票對尋求增長的投資者具有吸引力。</li>
</ul>
<ul>
<li>考慮到 <strong>10.87</strong> 的市淨率，遠低於行業平均水平 <strong>0.66 倍</strong>，該股票可能基於其賬面價值相較於同行被低估。</li>
</ul>
<ul>
<li><strong>13.03</strong> 的市銷率相對較高，是行業平均水平的 <strong>1.54 倍</strong>，該股票可能基於銷售表現被視為高估。</li>
</ul>
<ul>
<li><strong>8.27%</strong> 的股本回報率（ROE）低於行業平均水平 <strong>0.58%</strong>，這表明公司在利用股本產生利潤方面可能存在潛在低效。</li>
</ul>
<ul>
<li>公司的息税折舊攤銷前利潤（EBITDA）為 <strong>407.1 億美元</strong>，高於行業平均水平 <strong>66.74 倍</strong>，表明盈利能力更強，現金流生成穩健。</li>
</ul>
<ul>
<li>與其行業相比，公司毛利潤為 <strong>481.5 億美元</strong>，高於行業平均水平 <strong>37.62 倍</strong>，表明盈利能力更強，核心業務收益更高。</li>
</ul>
<ul>
<li>公司的收入增長率為 <strong>13.27%</strong>，超過行業平均水平 <strong>12.68%</strong>，表明銷售表現強勁，市場表現優於同行。</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/2025/1749654022_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/2025/1749654022_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，可以簡潔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評估，得出以下觀察結果：</p>
<ul>
<li>在其前四大同行中，微軟的財務狀況更強，債務與股本比率為 <strong>0.19</strong>，較低。</li>
</ul>
<ul>
<li>這表明公司對債務融資的依賴較少，保持了債務與股本之間更有利的平衡，這對投資者來説是一個積極的信號。</li>
</ul>
<h3>關鍵要點</h3>
<p>對於軟件行業的微軟而言，市盈率和市淨率相較於同行較低，表明潛在被低估。然而，高市銷率則表明基於收入的高估。在股本回報率方面，微軟落後於同行，而其高 EBITDA 和毛利潤率則表明運營表現強勁。此外，微軟的高收入增長超過行業同行，反映出未來盈利潛力的積極前景。</p>
<p><em>本文由 Benzinga 的自動內容引擎生成，並由編輯審核。</em></p>

微軟

2 倍做多 MSFT ETF - GraniteShares

MSFO

微軟每日 1 倍做空 ETF - Direxion

微軟每日 2 倍做多 ETF - Direxion

MSFX

MSFY

<p>這篇文章對微軟在軟件行業的表現進行了深入分析，將其財務指標與主要競爭對手進行了比較。主要發現包括微軟的市盈率（P/E）和市淨率（P/B）較低，暗示可能被低估，而較高的市銷率（P/S）則表明可能被高估。微軟的股本回報率（ROE）低於行業平均水平，但其盈利能力強，EBITDA 和毛利潤均較高。此外，微軟的收入增長超過行業平均水平，反映出未來盈利的積極前景</p>

<p>In today's fast-paced and highly competitive business world, it is crucial for investors and industry followers to conduct comprehensive company evaluations. In this article, we will delve into an extensive industry comparison, evaluating <strong>Microsoft MSFT</strong> in relation to its major competitors in the Software industry. By closely examining key financial metrics, market standing, and growth prospects, our objective is to provide valuable insights and highlight company's performance in 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，投資者和行業關注者進行全面的公司評估至關重要。本文將深入探討一個廣泛的行業比較，評估 <strong>微軟 MSFT</strong> 與其在軟件行業的主要競爭對手的關係。通過仔細審查關鍵財務指標、市場地位和增長前景，我們的目標是提供有價值的見解，並突出公司的行業表現。</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類及企業軟件。它以其 Windows 操作系統和 Office 辦公套件而聞名。公司分為三個規模相當的廣泛部門：生產力與業務流程（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）以及更個人化的計算（Windows 客户端、Xbox、Bing 搜索、展示廣告，以及 Surface 筆記本、平板和台式機）。</p>
</div><p>When closely examining Microsoft, the following trends emerge:</p>
<div class="lb-trans"><p>在仔細審查微軟時，以下趨勢浮現：</p>
</div><ul>
<li>A Price to Earnings ratio of <strong>36.39</strong> significantly below the industry average by <strong>0.32x</strong> suggests undervaluation. This can make the stock appealing for those seeking growth.</li>
</ul>
<div class="lb-trans"><ul>
<li><strong>36.39</strong> 的市盈率顯著低於行業平均水平 <strong>0.32 倍</strong>，這表明被低估。這可能使得該股票對尋求增長的投資者具有吸引力。</li>
</ul>
</div><ul>
<li>Considering a Price to Book ratio of <strong>10.87</strong>, which is well below the industry average by <strong>0.66x</strong>, the stock may be undervalued based on its book value compared to its peers.</li>
</ul>
<div class="lb-trans"><ul>
<li>考慮到 <strong>10.87</strong> 的市淨率，遠低於行業平均水平 <strong>0.66 倍</strong>，該股票可能基於其賬面價值相較於同行被低估。</li>
</ul>
</div><ul>
<li>With a relatively high Price to Sales ratio of <strong>13.03</strong>, which is <strong>1.54x</strong> the industry average, the stock might be considered overvalued based on sales performance.</li>
</ul>
<div class="lb-trans"><ul>
<li><strong>13.03</strong> 的市銷率相對較高，是行業平均水平的 <strong>1.54 倍</strong>，該股票可能基於銷售表現被視為高估。</li>
</ul>
</div><ul>
<li>With a Return on Equity (ROE) of <strong>8.27%</strong> that is <strong>0.58%</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>0.58%</strong>，這表明公司在利用股本產生利潤方面可能存在潛在低效。</li>
</ul>
</div><ul>
<li>The company has higher Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) of <strong>$40.71 Billion</strong>, which is <strong>66.74x</strong> above the industry average, indicating stronger profitability and robust cash flow generation.</li>
</ul>
<div class="lb-trans"><ul>
<li>公司的息税折舊攤銷前利潤（EBITDA）為 <strong>407.1 億美元</strong>，高於行業平均水平 <strong>66.74 倍</strong>，表明盈利能力更強，現金流生成穩健。</li>
</ul>
</div><ul>
<li>Compared to its industry, the company has higher gross profit of <strong>$48.15 Billion</strong>, which indicates <strong>37.62x</strong> above the industry average, indicating stronger profitability and higher earnings from its core operations.</li>
</ul>
<div class="lb-trans"><ul>
<li>與其行業相比，公司毛利潤為 <strong>481.5 億美元</strong>，高於行業平均水平 <strong>37.62 倍</strong>，表明盈利能力更強，核心業務收益更高。</li>
</ul>
</div><ul>
<li>The company's revenue growth of <strong>13.27%</strong> exceeds the industry average of <strong>12.68%</strong>, indicating strong sales performance and market outperformance.</li>
</ul>
<div class="lb-trans"><ul>
<li>公司的收入增長率為 <strong>13.27%</strong>，超過行業平均水平 <strong>12.68%</strong>，表明銷售表現強勁，市場表現優於同行。</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/2025/1749654022_0.png/query-YXV0bz13ZWJwJmRwcj0yJm9wdGltaXplPW1lZGl1bSZ3aWR0aD0xMDgw" alt="" original-src="https://www.benzinga.com/files/images/story/2025/1749654022_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，可以簡潔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評估，得出以下觀察結果：</p>
</div><ul>
<li>Among its top 4 peers, Microsoft has a stronger financial position with a lower debt-to-equity ratio of <strong>0.19</strong>.</li>
</ul>
<div class="lb-trans"><ul>
<li>在其前四大同行中，微軟的財務狀況更強，債務與股本比率為 <strong>0.19</strong>，較低。</li>
</ul>
</div><ul>
<li>This indicates that the company relies less on debt financing and maintains a more favorable balance between debt and equity, which can be viewed positively by investors.</li>
</ul>
<div class="lb-trans"><ul>
<li>這表明公司對債務融資的依賴較少，保持了債務與股本之間更有利的平衡，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 are low compared to peers, indicating potential undervaluation. However, the high PS ratio suggests overvaluation based on revenue. In terms of ROE, Microsoft lags behind peers, while its high EBITDA and gross profit margins indicate strong operational performance. Additionally, Microsoft's high revenue growth outpaces industry peers, reflecting a positive outlook for future earnings potential.</p>
<div class="lb-trans"><p>對於軟件行業的微軟而言，市盈率和市淨率相較於同行較低，表明潛在被低估。然而，高市銷率則表明基於收入的高估。在股本回報率方面，微軟落後於同行，而其高 EBITDA 和毛利潤率則表明運營表現強勁。此外，微軟的高收入增長超過行業同行，反映出未來盈利潛力的積極前景。</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，並由編輯審核。</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低於同行，顯示出潛在低估。  
- 其高銷售市值比率和較低的股本回報率則表明可能的高估和效率不足。  
- 但微軟的收入增長率超過行業平均水平，顯示出強勁的市場表現。  

深入分析：微軟在軟件行業中與競爭對手的對比