<p>斯巴魯（TSE:7270）今天股價下滑，回吐了一些近期的漲幅，因為投資者繼續消化圍繞這家汽車製造商的市場動態。該股的表現引起了關注，因為其在過去一年中回報強勁。</p>
<p>查看我們對斯巴魯的最新分析。</p>
<p>儘管斯巴魯最新的股價回落至¥3,354，但動能依然令人印象深刻。年初至今 21.9% 的股價回報突顯了投資者的強烈興趣。從長期來看，股東總回報穩健，過去一年上漲了 39.4%，公司持續創造價值。</p>
<p>如果你對更廣泛的汽車行業未來走向感到好奇，這是一個很好的機會，可以免費瀏覽完整列表。</p>
<p>但考慮到近期投資者的熱情和穩健的長期收益，斯巴魯的股票在當前水平上是否仍被低估，還是投資者已經將公司的未來增長潛力考慮在內，留下了有限的上漲空間？</p>
<h2>9.1 倍的市盈率：是否合理？</h2>
<p>斯巴魯的市盈率（P/E）為 9.1 倍，明顯低於同行和更廣泛市場在最近收盤時的水平¥3,354。這表明市場目前對斯巴魯的盈利估值不如其競爭對手慷慨。</p>
<p>市盈率衡量投資者為斯巴魯每賺取一日元的收益支付了多少。對於汽車製造商而言，這一倍數有助於衡量投資者情緒，判斷他們是否預期盈利在不久的將來增長或停滯。考慮到斯巴魯的市場地位和近期回報，這表明市場可能對公司的增長軌跡持懷疑態度，或者低估了其盈利能力。</p>
<p>與日本汽車行業的其他公司相比，斯巴魯的 9.1 倍市盈率顯得相對吸引。該行業的平均市盈率為 18.5 倍，同行的平均市盈率為 13.4 倍，突顯了斯巴魯的相對實惠。根據迴歸分析，合理的市盈率可能接近 14.4 倍，這表明如果對斯巴魯長期前景的信心改善，市場可能會重新評估其估值。</p>
<p>探索斯巴魯的 SWS 合理市盈率</p>
<p><strong>結果：9.1 倍的市盈率（被低估）</strong></p>
<p>然而，如果收入和淨利潤增長乏力，這可能會限制斯巴魯股票的進一步上漲空間。</p>
<p>瞭解斯巴魯敍述中的關鍵風險。</p>
<h2>另一種觀點：DCF 模型的建議是什麼？</h2>
<p>雖然斯巴魯在標準估值比率上顯得被低估，但我們的 DCF 模型提供了不同的視角。它計算出的合理價值為¥2,332.5，遠低於當前價格。這表明在考慮未來現金流的預測時，斯巴魯實際上可能被高估。這引發了一個問題，即投資者是否對持續的業績過於自信。</p>
<p>瞭解 SWS DCF 模型如何得出其合理價值。</p>
<p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/ce3eb811-b58d-48e9-b695-b450cd42cbd6/chart/dcf?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" width="1706" height="760" original-src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/ce3eb811-b58d-48e9-b695-b450cd42cbd6/chart/dcf"/></p>
<p>截至 2025 年 12 月 7270 的折現現金流</p>
<p>Simply Wall St 每天對全球每隻股票進行折現現金流（DCF）分析（例如查看斯巴魯）。我們展示了完整的計算過程。你可以在你的觀察列表或投資組合中跟蹤結果，並在變化時收到提醒，或者使用我們的股票篩選器發現 929 只基於現金流的被低估股票。如果你保存一個篩選器，我們甚至會在新公司匹配時提醒你——這樣你就不會錯過潛在機會。</p>
<h2>構建你自己的斯巴魯敍述</h2>
<p>如果你認為斯巴魯的故事展開得不同，或者想深入挖掘數字，你可以在幾分鐘內輕鬆構建自己的觀點。按照你的方式進行。</p>
<p>你進行斯巴魯研究的一個很好的起點是我們的分析，強調了 3 個關鍵收益和 2 個可能影響你投資決策的重要警示信號。</p>
<h2>尋找更多投資想法？</h2>
<p>抓住你下一個優勢，關注不僅限於汽車行業的股票。不要讓新機會溜走，立即更聰明地投資。</p>
<ul>
<li>通過查看這些 14 只股息收益率超過 3% 的可靠收入股票，發現穩定的收入，這些股票為你的投資組合持續提供吸引人的收益。</li>
<li>通過從這些 25 只在人工智能和創新領域已經突破界限的 AI 小盤股開始，瞄準明天的領軍者。</li>
<li>通過審查這些 929 只基於現金流的被低估股票，尋找低於內在價值的公司，助力資本增長。</li>
</ul>
<p><em>本文由 Simply Wall St 撰寫，內容具有一般性。<strong>我們提供基於歷史數據和分析師預測的評論，僅使用無偏見的方法，我們的文章並不構成財務建議。</strong> 它不構成買入或賣出任何股票的推薦，也未考慮你的目標或財務狀況。我們的目標是為你提供以基本數據驅動的長期分析。請注意，我們的分析可能未考慮最新的價格敏感公司公告或定性材料。Simply Wall St 在提到的任何股票中沒有持倉。</em></p>

斯巴魯(ADR)

<p>斯巴魯的股價下滑，引發了對其估值的質疑。儘管回報強勁，但其市盈率為 9.1 倍，顯示出相較於同行的低估。然而，現金流折現模型表明其被高估，合理價值為¥2,332.5。建議投資者考慮潛在風險，並進一步分析以做出投資決策</p>

<p>Subaru (TSE:7270) shares slipped today, giving back some recent gains as investors continued to digest market dynamics around the automaker. The stock’s performance has attracted attention amid its strong returns over the past year.</p>
<div class="lb-trans"><p>斯巴魯（TSE:7270）今天股價下滑，回吐了一些近期的漲幅，因為投資者繼續消化圍繞這家汽車製造商的市場動態。該股的表現引起了關注，因為其在過去一年中回報強勁。</p>
</div><p>See our latest analysis for Subaru.</p>
<div class="lb-trans"><p>查看我們對斯巴魯的最新分析。</p>
</div><p>While Subaru’s latest share price slipped back to ¥3,354, momentum remains impressive. A 21.9% year-to-date share price return highlights strong interest from investors. Over the longer term, total shareholder return has been robust, up 39.4% over the past year as the company steadily delivers value.</p>
<div class="lb-trans"><p>儘管斯巴魯最新的股價回落至¥3,354，但動能依然令人印象深刻。年初至今 21.9% 的股價回報突顯了投資者的強烈興趣。從長期來看，股東總回報穩健，過去一年上漲了 39.4%，公司持續創造價值。</p>
</div><p>If you’re curious about where the broader auto sector is headed next, this is a great opportunity to browse See the full list for free.</p>
<div class="lb-trans"><p>如果你對更廣泛的汽車行業未來走向感到好奇，這是一個很好的機會，可以免費瀏覽完整列表。</p>
</div><p>But with recent investor enthusiasm and solid long-term gains, is Subaru’s stock still undervalued at current levels, or are investors already factoring in all of the company’s future growth potential, leaving limited room for upside?</p>
<div class="lb-trans"><p>但考慮到近期投資者的熱情和穩健的長期收益，斯巴魯的股票在當前水平上是否仍被低估，還是投資者已經將公司的未來增長潛力考慮在內，留下了有限的上漲空間？</p>
</div><h2>Price-to-Earnings of 9.1x: Is it justified?</h2>
<div class="lb-trans"><h2>9.1 倍的市盈率：是否合理？</h2>
</div><p>Subaru’s Price-to-Earnings (P/E) ratio sits at 9.1x, noticeably lower than the figure seen across peers and the broader market at the recent close of ¥3,354. This signals that the market currently values Subaru’s earnings less generously than its competitors.</p>
<div class="lb-trans"><p>斯巴魯的市盈率（P/E）為 9.1 倍，明顯低於同行和更廣泛市場在最近收盤時的水平¥3,354。這表明市場目前對斯巴魯的盈利估值不如其競爭對手慷慨。</p>
</div><p>The P/E ratio measures how much investors are paying for each yen of Subaru’s earnings. For automakers, this multiple helps gauge investor sentiment, whether they anticipate earnings growing or stalling in the near future. Given Subaru’s position and recent returns, it suggests that the market might be skeptical about the company’s growth trajectory or is underestimating its earnings power.</p>
<div class="lb-trans"><p>市盈率衡量投資者為斯巴魯每賺取一日元的收益支付了多少。對於汽車製造商而言，這一倍數有助於衡量投資者情緒，判斷他們是否預期盈利在不久的將來增長或停滯。考慮到斯巴魯的市場地位和近期回報，這表明市場可能對公司的增長軌跡持懷疑態度，或者低估了其盈利能力。</p>
</div><p>Compared to other companies in the Japanese auto sector, Subaru’s P/E of 9.1x stands out as attractive. The sector’s average is 18.5x and peers average 13.4x, shining a light on Subaru’s relative affordability. According to regression-based analysis, the fair P/E ratio could be closer to 14.4x, indicating room for a market re-rating if confidence in Subaru’s long-term prospects improves.</p>
<div class="lb-trans"><p>與日本汽車行業的其他公司相比，斯巴魯的 9.1 倍市盈率顯得相對吸引。該行業的平均市盈率為 18.5 倍，同行的平均市盈率為 13.4 倍，突顯了斯巴魯的相對實惠。根據迴歸分析，合理的市盈率可能接近 14.4 倍，這表明如果對斯巴魯長期前景的信心改善，市場可能會重新評估其估值。</p>
</div><p>Explore the SWS fair ratio for Subaru</p>
<div class="lb-trans"><p>探索斯巴魯的 SWS 合理市盈率</p>
</div><p><strong>Result: Price-to-Earnings of 9.1x (UNDERVALUED)</strong></p>
<div class="lb-trans"><p><strong>結果：9.1 倍的市盈率（被低估）</strong></p>
</div><p>However, potential risks such as sluggish revenue and net income growth could limit further upside for Subaru shares if these trends continue.</p>
<div class="lb-trans"><p>然而，如果收入和淨利潤增長乏力，這可能會限制斯巴魯股票的進一步上漲空間。</p>
</div><p>Find out about the key risks to this Subaru narrative.</p>
<div class="lb-trans"><p>瞭解斯巴魯敍述中的關鍵風險。</p>
</div><h2>Another View: What Does the DCF Model Suggest?</h2>
<div class="lb-trans"><h2>另一種觀點：DCF 模型的建議是什麼？</h2>
</div><p>While Subaru appears undervalued by standard valuation ratios, our DCF model provides a different perspective. It calculates a fair value of ¥2,332.5, which is well below the current price. This indicates that Subaru might actually be overvalued when considering projected future cash flows. This raises the question of whether investors are placing too much confidence in ongoing performance.</p>
<div class="lb-trans"><p>雖然斯巴魯在標準估值比率上顯得被低估，但我們的 DCF 模型提供了不同的視角。它計算出的合理價值為¥2,332.5，遠低於當前價格。這表明在考慮未來現金流的預測時，斯巴魯實際上可能被高估。這引發了一個問題，即投資者是否對持續的業績過於自信。</p>
</div><p>Look into how the SWS DCF model arrives at its fair value.</p>
<div class="lb-trans"><p>瞭解 SWS DCF 模型如何得出其合理價值。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/ce3eb811-b58d-48e9-b695-b450cd42cbd6/chart/dcf" alt="" original-src="https://images.simplywall.st/company/ce3eb811-b58d-48e9-b695-b450cd42cbd6/chart/dcf"/></p>
<p>7270 Discounted Cash Flow as at Dec 2025</p>
<div class="lb-trans"><p>截至 2025 年 12 月 7270 的折現現金流</p>
</div><p>Simply Wall St performs a discounted cash flow (DCF) on every stock in the world every day (check out Subaru for example). We show the entire calculation in full. You can track the result in your watchlist or portfolio and be alerted when this changes, or use our stock screener to discover 929 undervalued stocks based on their cash flows. If you save a screener we even alert you when new companies match - so you never miss a potential opportunity.</p>
<div class="lb-trans"><p>Simply Wall St 每天對全球每隻股票進行折現現金流（DCF）分析（例如查看斯巴魯）。我們展示了完整的計算過程。你可以在你的觀察列表或投資組合中跟蹤結果，並在變化時收到提醒，或者使用我們的股票篩選器發現 929 只基於現金流的被低估股票。如果你保存一個篩選器，我們甚至會在新公司匹配時提醒你——這樣你就不會錯過潛在機會。</p>
</div><h2>Build Your Own Subaru Narrative</h2>
<div class="lb-trans"><h2>構建你自己的斯巴魯敍述</h2>
</div><p>If you see Subaru’s story unfolding differently, or want to dig deeper into the numbers, you can easily build your own perspective in just minutes. Do it your way</p>
<div class="lb-trans"><p>如果你認為斯巴魯的故事展開得不同，或者想深入挖掘數字，你可以在幾分鐘內輕鬆構建自己的觀點。按照你的方式進行。</p>
</div><p>A great starting point for your Subaru research is our analysis highlighting 3 key rewards and 2 important warning signs that could impact your investment decision.</p>
<div class="lb-trans"><p>你進行斯巴魯研究的一個很好的起點是我們的分析，強調了 3 個關鍵收益和 2 個可能影響你投資決策的重要警示信號。</p>
</div><h2>Looking for more investment ideas?</h2>
<div class="lb-trans"><h2>尋找更多投資想法？</h2>
</div><p>Seize your next advantage with stocks catching attention beyond just the auto sector. Don’t let fresh opportunities pass you by and invest smarter right now.</p>
<div class="lb-trans"><p>抓住你下一個優勢，關注不僅限於汽車行業的股票。不要讓新機會溜走，立即更聰明地投資。</p>
</div><ul>
<li>Spot reliable income by checking out these 14 dividend stocks with yields &gt; 3% that consistently deliver attractive yields above 3% for your portfolio.</li>
<li>Target tomorrow’s leaders with momentum by starting with these 25 AI penny stocks already pushing the boundaries in artificial intelligence and innovation.</li>
<li>Grow your capital with companies trading below intrinsic value by reviewing these 929 undervalued stocks based on cash flows packed with strong cash flow potential.</li>
</ul>
<div class="lb-trans"><ul>
<li>通過查看這些 14 只股息收益率超過 3% 的可靠收入股票，發現穩定的收入，這些股票為你的投資組合持續提供吸引人的收益。</li>
<li>通過從這些 25 只在人工智能和創新領域已經突破界限的 AI 小盤股開始，瞄準明天的領軍者。</li>
<li>通過審查這些 929 只基於現金流的被低估股票，尋找低於內在價值的公司，助力資本增長。</li>
</ul>
</div><p><em>This article by Simply Wall St is general in nature. <strong>We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.</strong> It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.</em></p>
<div class="lb-trans"><p><em>本文由 Simply Wall St 撰寫，內容具有一般性。<strong>我們提供基於歷史數據和分析師預測的評論，僅使用無偏見的方法，我們的文章並不構成財務建議。</strong> 它不構成買入或賣出任何股票的推薦，也未考慮你的目標或財務狀況。我們的目標是為你提供以基本數據驅動的長期分析。請注意，我們的分析可能未考慮最新的價格敏感公司公告或定性材料。Simply Wall St 在提到的任何股票中沒有持倉。</em></p>
</div>

斯巴魯 (TSE:7270) – 評估近期股價回調後的估值