<p><strong>APA Group</strong>（ASX:APA）的市銷率（&#34;P/S&#34;）為 3.7 倍，當考慮到澳大利亞天然氣公用事業行業近一半的公司市銷率低於 0.8 倍時，這可能看起來是一個糟糕的投資機會。然而，僅僅將市銷率表面化是不明智的，因為可能有解釋其如此高的原因。</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>查看我們對 APA Group 的最新分析</p>
<p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/asset/chart/3799924-ps-multiple-vs-industry-1-dark-2/1759357364165?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/3799924-ps-multiple-vs-industry-1-dark-2/1759357364165"/></p>
<p>ASX:APA 市銷率與行業比較 2025 年 10 月 1 日</p>
<h3>APA Group 最近的表現如何？</h3>
<p>APA Group 的表現可以更好，因為它最近的收入增長低於大多數其他公司。一個可能性是，市銷率高是因為投資者認為這種乏善可陳的收入表現將顯著改善。如果沒有，那麼現有股東可能會對股價的可行性感到非常緊張。</p>
<p>如果你想看看分析師對未來的預測，你應該查看我們對 APA Group 的 <strong>免費</strong> 報告。</p>
<h2>收入預測是否與高市銷率相匹配？</h2>
<p>為了證明其市銷率的合理性，APA Group 需要實現遠超行業的卓越增長。</p>
<p>回顧過去一年的收入增長，公司實現了 4.6% 的可觀增長。最近的良好表現意味着它在過去三年中總共實現了 17% 的收入增長。因此，股東們可能對中期的收入增長率感到滿意。</p>
<p>展望未來，覆蓋該公司的九位分析師的估計顯示，未來三年收入年均增長應為 4.5%。而行業預計每年增長 4.0%，公司在收入結果上處於可比位置。</p>
<p>考慮到這一點，我們發現 APA Group 的市銷率高於其行業同行，這一點令人感興趣。似乎大多數投資者忽視了相對平均的增長預期，並願意為接觸該股票支付溢價。然而，隨着這種收入增長水平的持續，額外的收益將難以實現，最終可能會對股價造成壓力。</p>
<h2>我們可以從 APA Group 的市銷率中學到什麼？</h2>
<p>僅僅使用市銷率來判斷是否應該出售你的股票並不明智，但它可以作為公司未來前景的實用指南。</p>
<p>鑑於 APA Group 的未來收入預測與更廣泛的行業一致，交易於高市銷率的事實有些令人驚訝。當我們看到收入增長僅與行業持平時，我們不期望市銷率在長期內保持高企。需要積極的變化來證明當前的市銷率是合理的。</p>
<p>你應該始終考慮風險。舉個例子，我們發現了 <strong>APA Group 的 3 個警告信號</strong>，你應該注意，其中 2 個信號讓我們感到不安。</p>
<p>如果強大的盈利公司吸引你的興趣，那麼你會想查看這份 <strong>免費</strong> 的有趣公司名單，這些公司交易於低市盈率（但已證明它們能夠增長盈利）。</p>

<p>APA Group（ASX:APA）的市銷率（P/S）為 3.7 倍，顯著高於行業平均水平 0.8 倍。儘管最近的收入增長為 4.6%，並且在三年內總增長達到 17%，分析師預測未來年均增長將温和為 4.5%，與行業預期一致。這個較高的市銷率引發了對其股價可持續性的擔憂，因為投資者可能過於樂觀。建議保持謹慎，已識別出該公司的三個警示信號</p>

<p><strong>APA Group's</strong> (ASX:APA) price-to-sales (or &#34;P/S&#34;) ratio of 3.7x may look like a poor investment opportunity when you consider close to half the companies in the Gas Utilities industry in Australia have P/S ratios below 0.8x. Although, it's not wise to just take the P/S at face value as there may be an explanation why it's so lofty.</p>
<div class="lb-trans"><p><strong>APA Group</strong>（ASX:APA）的市銷率（&#34;P/S&#34;）為 3.7 倍，當考慮到澳大利亞天然氣公用事業行業近一半的公司市銷率低於 0.8 倍時，這可能看起來是一個糟糕的投資機會。然而，僅僅將市銷率表面化是不明智的，因為可能有解釋其如此高的原因。</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>See our latest analysis for APA Group</p>
<div class="lb-trans"><p>查看我們對 APA Group 的最新分析</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/asset/chart/3799924-ps-multiple-vs-industry-1-dark-2/1759357364165" alt="" original-src="https://images.simplywall.st/asset/chart/3799924-ps-multiple-vs-industry-1-dark-2/1759357364165"/></p>
<p>ASX:APA Price to Sales Ratio vs Industry October 1st 2025</p>
<div class="lb-trans"><p>ASX:APA 市銷率與行業比較 2025 年 10 月 1 日</p>
</div><h3>How Has APA Group Performed Recently?</h3>
<div class="lb-trans"><h3>APA Group 最近的表現如何？</h3>
</div><p>APA Group could be doing better as it's been growing revenue less than most other companies lately. One possibility is that the P/S ratio is high because investors think this lacklustre revenue performance will improve markedly. If not, then existing shareholders may be very nervous about the viability of the share price.</p>
<div class="lb-trans"><p>APA Group 的表現可以更好，因為它最近的收入增長低於大多數其他公司。一個可能性是，市銷率高是因為投資者認為這種乏善可陳的收入表現將顯著改善。如果沒有，那麼現有股東可能會對股價的可行性感到非常緊張。</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 APA Group.</p>
<div class="lb-trans"><p>如果你想看看分析師對未來的預測，你應該查看我們對 APA Group 的 <strong>免費</strong> 報告。</p>
</div><h2>Do Revenue Forecasts Match The High P/S Ratio?</h2>
<div class="lb-trans"><h2>收入預測是否與高市銷率相匹配？</h2>
</div><p>In order to justify its P/S ratio, APA Group would need to produce outstanding growth that's well in excess of the industry.</p>
<div class="lb-trans"><p>為了證明其市銷率的合理性，APA Group 需要實現遠超行業的卓越增長。</p>
</div><p>If we review the last year of revenue growth, the company posted a worthy increase of 4.6%. The solid recent performance means it was also able to grow revenue by 17% in total over the last three years. Accordingly, shareholders would have probably been satisfied with the medium-term rates of revenue growth.</p>
<div class="lb-trans"><p>回顧過去一年的收入增長，公司實現了 4.6% 的可觀增長。最近的良好表現意味着它在過去三年中總共實現了 17% 的收入增長。因此，股東們可能對中期的收入增長率感到滿意。</p>
</div><p>Shifting to the future, estimates from the nine analysts covering the company suggest revenue should grow by 4.5% per annum over the next three years. With the industry predicted to deliver 4.0% growth each year, the company is positioned for a comparable revenue result.</p>
<div class="lb-trans"><p>展望未來，覆蓋該公司的九位分析師的估計顯示，未來三年收入年均增長應為 4.5%。而行業預計每年增長 4.0%，公司在收入結果上處於可比位置。</p>
</div><p>With this in consideration, we find it intriguing that APA Group's P/S is higher than its industry peers. It seems most investors are ignoring the fairly average growth expectations and are willing to pay up for exposure to the stock. Although, additional gains will be difficult to achieve as this level of revenue growth is likely to weigh down the share price eventually.</p>
<div class="lb-trans"><p>考慮到這一點，我們發現 APA Group 的市銷率高於其行業同行，這一點令人感興趣。似乎大多數投資者忽視了相對平均的增長預期，並願意為接觸該股票支付溢價。然而，隨着這種收入增長水平的持續，額外的收益將難以實現，最終可能會對股價造成壓力。</p>
</div><h2>What We Can Learn From APA Group's P/S?</h2>
<div class="lb-trans"><h2>我們可以從 APA Group 的市銷率中學到什麼？</h2>
</div><p>Using the price-to-sales ratio alone to determine if you should sell your stock isn't sensible, however it can be a practical guide to the company's future prospects.</p>
<div class="lb-trans"><p>僅僅使用市銷率來判斷是否應該出售你的股票並不明智，但它可以作為公司未來前景的實用指南。</p>
</div><p>Given APA Group's future revenue forecasts are in line with the wider industry, the fact that it trades at an elevated P/S is somewhat surprising. When we see revenue growth that just matches the industry, we don't expect elevates P/S figures to remain inflated for the long-term. A positive change is needed in order to justify the current price-to-sales ratio.</p>
<div class="lb-trans"><p>鑑於 APA Group 的未來收入預測與更廣泛的行業一致，交易於高市銷率的事實有些令人驚訝。當我們看到收入增長僅與行業持平時，我們不期望市銷率在長期內保持高企。需要積極的變化來證明當前的市銷率是合理的。</p>
</div><p>You should always think about risks. Case in point, we've spotted <strong>3 warning signs for APA Group</strong> you should be aware of, and 2 of them don't sit too well with us.</p>
<div class="lb-trans"><p>你應該始終考慮風險。舉個例子，我們發現了 <strong>APA Group 的 3 個警告信號</strong>，你應該注意，其中 2 個信號讓我們感到不安。</p>
</div><p>If strong companies turning a profit tickle your fancy, then you'll want to check out this <strong>free</strong> list of interesting companies that trade on a low P/E (but have proven they can grow earnings).</p>
<div class="lb-trans"><p>如果強大的盈利公司吸引你的興趣，那麼你會想查看這份 <strong>免費</strong> 的有趣公司名單，這些公司交易於低市盈率（但已證明它們能夠增長盈利）。</p>
</div>

目前很難確定 APA 集團（ASX:APA）的市銷率