<p><strong>應用材料公司</strong>（NASDAQ:AMAT）的股票在經歷了一段動盪期後，最近一個月表現非常出色，漲幅達 27%。長期股東會對股價的回升感到欣慰，因為在最近的反彈後，股價幾乎與年初持平。</p>
<p>在價格堅挺反彈後，應用材料目前可能發出看跌信號，其市盈率（&#34;P/E&#34;）為 23.8 倍，而美國幾乎一半的公司市盈率低於 19 倍，甚至低於 11 倍的市盈率也並不罕見。儘管如此，我們需要更深入地探討，以確定這種高市盈率是否有合理依據。</p>
<p>特朗普承諾要&#34;釋放&#34;美國的石油和天然氣，這 15 只美國股票的發展有望受益。</p>
<p>應用材料最近的表現不佳，其盈利下降與其他公司相比顯得相形見絀，後者的平均盈利有所增長。一個可能性是，市盈率之所以偏高，是因為投資者認為這種糟糕的盈利表現將會好轉。你真的希望如此，否則你就為沒有特別理由的高價買單。</p>
<p>查看我們對應用材料的最新分析</p>
<p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/asset/chart/251230-pe-multiple-vs-industry-1-dark-2/1759063434030?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/251230-pe-multiple-vs-industry-1-dark-2/1759063434030"/></p>
<p>NasdaqGS:AMAT 市盈率與行業比較 2025 年 9 月 28 日</p>
<p>如果你想了解分析師對未來的預測，可以查看我們對應用材料的 <strong>免費</strong> 報告。</p>
<h2>增長是否匹配高市盈率？</h2>
<p>你唯一會真正感到舒適的情況是，當應用材料的市盈率如此之高時，公司增長有望超越市場。</p>
<p>回顧過去一年，公司淨利潤下降了令人失望的 6.0%。這使得最近三年的表現變得不那麼理想，儘管總體每股收益仍然實現了 14% 的不錯增長。因此，我們可以確認，公司在這段時間內總體上做得不錯，儘管過程中遇到了一些波折。</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 13%。與此同時，市場其他部分的年均增長預計為 11%，這並沒有顯著差異。</p>
<p>根據這些信息，我們發現應用材料的市盈率相較於市場而言偏高。似乎大多數投資者忽視了相對平庸的增長預期，願意為持有該股票支付溢價。如果市盈率回落到與增長預期相符的水平，這些股東可能會面臨失望。</p>
<h2>應用材料市盈率的底線</h2>
<p>應用材料股價的大幅反彈使公司的市盈率提升至相對較高的水平。有人認為，在某些行業中，市盈率是一個較差的價值衡量標準，但它可以成為強有力的商業情緒指標。</p>
<p>我們已經確定，應用材料目前的市盈率高於預期，因為其預測增長僅與更廣泛的市場持平。現在，我們對相對較高的股價感到不安，因為預測的未來盈利不太可能長期支撐如此積極的情緒。這使得股東的投資面臨風險，也讓潛在投資者有可能支付不必要的溢價。</p>
<p>公司的資產負債表中可能存在許多潛在風險。我們對應用材料的 <strong>免費</strong> 資產負債表分析，包含六個簡單檢查，可以幫助你發現可能存在的問題。</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（且市盈率低）。</p>

應用材料

<p>應用材料公司（NASDAQ:AMAT）最近股價飆升 27%，使其年初至今的表現恢復到持平狀態。然而，該公司的市盈率高達 23.8 倍，引發了人們的擔憂，因為這一水平超過了美國公司的平均水平。儘管預計未來三年年均盈利增長為 13%，但這與市場的 11% 增長預測非常接近。投資者可能高估了該股票，如果市盈率調整以反映更現實的增長預期，可能會面臨失望。因此，建議對公司的資產負債表進行全面分析，以識別潛在風險</p>

<p><strong>Applied Materials, Inc.</strong> (NASDAQ:AMAT) shares have had a really impressive month, gaining 27% after a shaky period beforehand. Longer-term shareholders would be thankful for the recovery in the share price since it's now virtually flat for the year after the recent bounce.</p>
<div class="lb-trans"><p><strong>應用材料公司</strong>（NASDAQ:AMAT）的股票在經歷了一段動盪期後，最近一個月表現非常出色，漲幅達 27%。長期股東會對股價的回升感到欣慰，因為在最近的反彈後，股價幾乎與年初持平。</p>
</div><p>Following the firm bounce in price, Applied Materials may be sending bearish signals at the moment with its price-to-earnings (or &#34;P/E&#34;) ratio of 23.8x, since almost half of all companies in the United States have P/E ratios under 19x and even P/E's lower than 11x are not unusual. Nonetheless, we'd need to dig a little deeper to determine if there is a rational basis for the elevated P/E.</p>
<div class="lb-trans"><p>在價格堅挺反彈後，應用材料目前可能發出看跌信號，其市盈率（&#34;P/E&#34;）為 23.8 倍，而美國幾乎一半的公司市盈率低於 19 倍，甚至低於 11 倍的市盈率也並不罕見。儘管如此，我們需要更深入地探討，以確定這種高市盈率是否有合理依據。</p>
</div><p>Trump has pledged to &#34;unleash&#34; American oil and gas and these 15 US stocks have developments that are poised to benefit.</p>
<div class="lb-trans"><p>特朗普承諾要&#34;釋放&#34;美國的石油和天然氣，這 15 只美國股票的發展有望受益。</p>
</div><p>Applied Materials hasn't been tracking well recently as its declining earnings compare poorly to other companies, which have seen some growth on average. One possibility is that the P/E is high because investors think this poor earnings performance will turn the corner. You'd really hope so, otherwise you're paying a pretty hefty price for no particular reason.</p>
<div class="lb-trans"><p>應用材料最近的表現不佳，其盈利下降與其他公司相比顯得相形見絀，後者的平均盈利有所增長。一個可能性是，市盈率之所以偏高，是因為投資者認為這種糟糕的盈利表現將會好轉。你真的希望如此，否則你就為沒有特別理由的高價買單。</p>
</div><p>Check out our latest analysis for Applied Materials</p>
<div class="lb-trans"><p>查看我們對應用材料的最新分析</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/asset/chart/251230-pe-multiple-vs-industry-1-dark-2/1759063434030" alt="" original-src="https://images.simplywall.st/asset/chart/251230-pe-multiple-vs-industry-1-dark-2/1759063434030"/></p>
<p>NasdaqGS:AMAT Price to Earnings Ratio vs Industry September 28th 2025</p>
<div class="lb-trans"><p>NasdaqGS:AMAT 市盈率與行業比較 2025 年 9 月 28 日</p>
</div><p>If you'd like to see what analysts are forecasting going forward, you should check out our <strong>free</strong> report on Applied Materials.</p>
<div class="lb-trans"><p>如果你想了解分析師對未來的預測，可以查看我們對應用材料的 <strong>免費</strong> 報告。</p>
</div><h2>Does Growth Match The High P/E?</h2>
<div class="lb-trans"><h2>增長是否匹配高市盈率？</h2>
</div><p>The only time you'd be truly comfortable seeing a P/E as high as Applied Materials' is when the company's growth is on track to outshine the market.</p>
<div class="lb-trans"><p>你唯一會真正感到舒適的情況是，當應用材料的市盈率如此之高時，公司增長有望超越市場。</p>
</div><p>Retrospectively, the last year delivered a frustrating 6.0% decrease to the company's bottom line. This has soured the latest three-year period, which nevertheless managed to deliver a decent 14% overall rise in EPS. So we can start by confirming that the company has generally done a good job of growing earnings over that time, even though it had some hiccups along the way.</p>
<div class="lb-trans"><p>回顧過去一年，公司淨利潤下降了令人失望的 6.0%。這使得最近三年的表現變得不那麼理想，儘管總體每股收益仍然實現了 14% 的不錯增長。因此，我們可以確認，公司在這段時間內總體上做得不錯，儘管過程中遇到了一些波折。</p>
</div><p>Shifting to the future, estimates from the analysts covering the company suggest earnings should grow by 13% per year over the next three years. Meanwhile, the rest of the market is forecast to expand by 11% per annum, which is not materially different.</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 13%。與此同時，市場其他部分的年均增長預計為 11%，這並沒有顯著差異。</p>
</div><p>With this information, we find it interesting that Applied Materials is trading at a high P/E compared to the market. It seems most investors are ignoring the fairly average growth expectations and are willing to pay up for exposure to the stock. These shareholders may be setting themselves up for disappointment if the P/E falls to levels more in line with the growth outlook.</p>
<div class="lb-trans"><p>根據這些信息，我們發現應用材料的市盈率相較於市場而言偏高。似乎大多數投資者忽視了相對平庸的增長預期，願意為持有該股票支付溢價。如果市盈率回落到與增長預期相符的水平，這些股東可能會面臨失望。</p>
</div><h2>The Bottom Line On Applied Materials' P/E</h2>
<div class="lb-trans"><h2>應用材料市盈率的底線</h2>
</div><p>The large bounce in Applied Materials' shares has lifted the company's P/E to a fairly high level. It's argued the price-to-earnings ratio is an inferior measure of value within certain industries, but it can be a powerful business sentiment indicator.</p>
<div class="lb-trans"><p>應用材料股價的大幅反彈使公司的市盈率提升至相對較高的水平。有人認為，在某些行業中，市盈率是一個較差的價值衡量標準，但它可以成為強有力的商業情緒指標。</p>
</div><p>We've established that Applied Materials currently trades on a higher than expected P/E since its forecast growth is only in line with the wider market. Right now we are uncomfortable with the relatively high share price as the predicted future earnings aren't likely to support such positive sentiment for long. This places shareholders' investments at risk and potential investors in danger of paying an unnecessary premium.</p>
<div class="lb-trans"><p>我們已經確定，應用材料目前的市盈率高於預期，因為其預測增長僅與更廣泛的市場持平。現在，我們對相對較高的股價感到不安，因為預測的未來盈利不太可能長期支撐如此積極的情緒。這使得股東的投資面臨風險，也讓潛在投資者有可能支付不必要的溢價。</p>
</div><p>A lot of potential risks can sit within a company's balance sheet. Our <strong>free</strong> balance sheet analysis for Applied Materials with six simple checks will allow you to discover any risks that could be an issue.</p>
<div class="lb-trans"><p>公司的資產負債表中可能存在許多潛在風險。我們對應用材料的 <strong>免費</strong> 資產負債表分析，包含六個簡單檢查，可以幫助你發現可能存在的問題。</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（且市盈率低）。</p>
</div>

增長放緩並未阻礙應用材料公司（NASDAQ:AMAT），其股價上漲了 27%