<p>安費諾（Amphenol，APH）在過去一年中悄然回報了耐心的投資者，股價幾乎翻倍，過去三年則增長了三倍，但其最近一個月的走勢相對平穩。</p>
<p>查看我們對安費諾的最新分析。</p>
<p>在 139.36 美元的股價下，安費諾 90 天的股價回報為 26.17%，過去一年總股東回報為 89.29%，顯示出動能依然強勁，反映出對其增長和盈利韌性的信心。</p>
<p>如果安費諾的表現讓你思考還有哪些可能意外上漲的股票，現在是探索高增長科技和人工智能股票的好時機，以尋找更多潛在的亮點。</p>
<p>在經歷了一輪強勁的多年上漲後，股價剛好低於分析師目標價，關鍵問題是安費諾是否仍在低於其真實價值交易，還是市場已經將其未來增長的預期價格納入了考慮。</p>
<h2>最受歡迎的敍述：低估 5.9%</h2>
<p>安費諾最近收盤價為 139.36 美元，而敍述中的公允價值接近 148 美元，這個故事傾向於加速結構性增長所藴含的上行空間。</p>
<blockquote>
<p><em>對高科技的增強關注、由客户對關鍵任務高性能組件的需求驅動的差異化產品組合，增強了定價能力和運營效率，導致結構性更高的轉化率和運營利潤率，管理層現在的目標是 30% 的增量利潤轉化率，而歷史水平為 25%。</em></p>
</blockquote>
<p>閲讀完整敍述。</p>
<p>想看看雄心勃勃的收入增長、擴大的利潤率和未來盈利倍數如何融入這個公允價值嗎？敍述將每個要素連接起來。想知道哪些假設真正推動了它嗎？繼續閲讀以揭示這個估值判斷背後的完整藍圖。</p>
<p><strong>結果：公允價值 148.15 美元（低估）</strong></p>
<p>完整閲讀敍述，瞭解預測背後的原因。</p>
<p>然而，持續的人工智能數據中心強勁並非保證，較高的資本支出加上收購執行風險可能迅速挑戰今天的優質增長敍述。</p>
<p>瞭解安費諾敍述的關鍵風險。</p>
<h2>估值的另一種角度</h2>
<p>遠離敍述公允價值，當前 139.36 美元的價格看起來要求較高。在盈利方面，安費諾的市盈率約為 44.6 倍，而美國電子行業的市盈率為 24.6 倍，公允比率接近 35 倍，這使得如果增長放緩，風險傾向於倍數壓縮。</p>
<p>查看數字對這個價格的看法——在我們的估值分析中瞭解更多。</p>
<p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/c1c16a3d-251c-45bc-aca3-d6e1e060176f/chart/pe-multiple-vs-industry?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" width="1640" height="650" original-src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/c1c16a3d-251c-45bc-aca3-d6e1e060176f/chart/pe-multiple-vs-industry"/></p>
<p>截至 2025 年 12 月的 NYSE:APH 市盈率</p>
<h2>構建你自己的安費諾敍述</h2>
<p>如果你對這個故事有不同看法或想自己深入數字，你可以在幾分鐘內構建個性化的視角：按你的方式進行。</p>
<p>你對安費諾研究的一個很好的起點是我們的分析，強調了兩個關鍵獎勵和一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>在你繼續之前，通過 Simply Wall St 篩選器鎖定你的下一個機會，專注於市場常常忽視的特定優勢的股票想法。</p>
<ul>
<li>通過針對在現金流指標上看起來便宜的公司，捕捉潛在的市場錯誤定價，這些 906 只低估股票基於現金流。</li>
<li>通過跟蹤塑造未來基礎設施的創新者，利用這些 28 只量子計算股票，抓住計算前沿的突破。</li>
<li>通過關注這些 15 只收益率超過 3% 的股息股票，增強你的收入流，這些股票可以幫助你的投資組合提供可靠的現金回報。</li>
</ul>
<p><em>這篇文章由 Simply Wall St 撰寫，性質一般。<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，也不考慮你的目標或財務狀況。我們旨在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>

安費諾

<p>安費諾（Amphenol，APH）在過去一年中股價顯著增長，幾乎翻了一番。儘管近期走勢平穩，但其估值顯示可能被低估，合理價值接近 148 美元，而當前價格為 139.36 美元。該公司受益於高科技專注和改善的利潤率，但面臨來自人工智能數據中心實力和收購執行的風險。安費諾的市盈率較高，表明如果增長放緩可能存在潛在風險。鼓勵投資者進一步探索分析和投資思路</p>

<p>Amphenol (APH) has quietly rewarded patient investors, with the stock nearly doubling over the past year and tripling over the past 3 years, yet its recent month-long move has been relatively flat.</p>
<div class="lb-trans"><p>安費諾（Amphenol，APH）在過去一年中悄然回報了耐心的投資者，股價幾乎翻倍，過去三年則增長了三倍，但其最近一個月的走勢相對平穩。</p>
</div><p>See our latest analysis for Amphenol.</p>
<div class="lb-trans"><p>查看我們對安費諾的最新分析。</p>
</div><p>At a share price of $139.36, Amphenol’s 90 day share price return of 26.17 percent, alongside an 89.29 percent total shareholder return over the past year, shows momentum is still very much intact and reflects confidence in its growth and earnings resilience.</p>
<div class="lb-trans"><p>在 139.36 美元的股價下，安費諾 90 天的股價回報為 26.17%，過去一年總股東回報為 89.29%，顯示出動能依然強勁，反映出對其增長和盈利韌性的信心。</p>
</div><p>If Amphenol’s run has you thinking about what else could surprise to the upside, this is a good moment to explore high growth tech and AI stocks for more potential standouts.</p>
<div class="lb-trans"><p>如果安費諾的表現讓你思考還有哪些可能意外上漲的股票，現在是探索高增長科技和人工智能股票的好時機，以尋找更多潛在的亮點。</p>
</div><p>With shares hovering just below analyst targets after a powerful multi year rally, the key question now is whether Amphenol is still trading below its true worth or if the market has already priced in its future growth.</p>
<div class="lb-trans"><p>在經歷了一輪強勁的多年上漲後，股價剛好低於分析師目標價，關鍵問題是安費諾是否仍在低於其真實價值交易，還是市場已經將其未來增長的預期價格納入了考慮。</p>
</div><h2>Most Popular Narrative: 5.9% Undervalued</h2>
<div class="lb-trans"><h2>最受歡迎的敍述：低估 5.9%</h2>
</div><p>With Amphenol last closing at $139.36 against a narrative fair value near $148, the story leans toward upside embedded in accelerating structural growth.</p>
<div class="lb-trans"><p>安費諾最近收盤價為 139.36 美元，而敍述中的公允價值接近 148 美元，這個故事傾向於加速結構性增長所藴含的上行空間。</p>
</div><blockquote>
<p><em>Enhanced focus on high technology, differentiated product mix driven by customer demand for mission critical, high performance components has strengthened pricing power and operating efficiency, resulting in structurally higher conversion and operating margins, with management now targeting 30% incremental margin conversion versus the historical 25%.</em></p>
</blockquote>
<div class="lb-trans"><blockquote>
<p><em>對高科技的增強關注、由客户對關鍵任務高性能組件的需求驅動的差異化產品組合，增強了定價能力和運營效率，導致結構性更高的轉化率和運營利潤率，管理層現在的目標是 30% 的增量利潤轉化率，而歷史水平為 25%。</em></p>
</blockquote>
</div><p>Read the complete narrative.</p>
<div class="lb-trans"><p>閲讀完整敍述。</p>
</div><p>Want to see how ambitious revenue growth, expanding margins, and a punchy future earnings multiple all fit together into that fair value? The narrative connects every dot. Curious which assumptions really drive it? Read on to uncover the full blueprint behind this valuation call.</p>
<div class="lb-trans"><p>想看看雄心勃勃的收入增長、擴大的利潤率和未來盈利倍數如何融入這個公允價值嗎？敍述將每個要素連接起來。想知道哪些假設真正推動了它嗎？繼續閲讀以揭示這個估值判斷背後的完整藍圖。</p>
</div><p><strong>Result: Fair Value of $148.15 (UNDERVALUED)</strong></p>
<div class="lb-trans"><p><strong>結果：公允價值 148.15 美元（低估）</strong></p>
</div><p>Have a read of the narrative in full and understand what's behind the forecasts.</p>
<div class="lb-trans"><p>完整閲讀敍述，瞭解預測背後的原因。</p>
</div><p>However, sustained AI datacenter strength is not guaranteed, and elevated capex plus acquisition execution risk could quickly challenge today’s premium growth narrative.</p>
<div class="lb-trans"><p>然而，持續的人工智能數據中心強勁並非保證，較高的資本支出加上收購執行風險可能迅速挑戰今天的優質增長敍述。</p>
</div><p>Find out about the key risks to this Amphenol narrative.</p>
<div class="lb-trans"><p>瞭解安費諾敍述的關鍵風險。</p>
</div><h2>Another Angle on Valuation</h2>
<div class="lb-trans"><h2>估值的另一種角度</h2>
</div><p>Step away from the narrative fair value and the current price of $139.36 looks demanding. On earnings, Amphenol trades at about 44.6 times, versus 24.6 times for the US Electronic industry and a fair ratio near 35 times, which tilts risk toward multiple compression if growth stumbles.</p>
<div class="lb-trans"><p>遠離敍述公允價值，當前 139.36 美元的價格看起來要求較高。在盈利方面，安費諾的市盈率約為 44.6 倍，而美國電子行業的市盈率為 24.6 倍，公允比率接近 35 倍，這使得如果增長放緩，風險傾向於倍數壓縮。</p>
</div><p>See what the numbers say about this price — find out in our valuation breakdown.</p>
<div class="lb-trans"><p>查看數字對這個價格的看法——在我們的估值分析中瞭解更多。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/c1c16a3d-251c-45bc-aca3-d6e1e060176f/chart/pe-multiple-vs-industry" alt="" original-src="https://images.simplywall.st/company/c1c16a3d-251c-45bc-aca3-d6e1e060176f/chart/pe-multiple-vs-industry"/></p>
<p>NYSE:APH PE Ratio as at Dec 2025</p>
<div class="lb-trans"><p>截至 2025 年 12 月的 NYSE:APH 市盈率</p>
</div><h2>Build Your Own Amphenol Narrative</h2>
<div class="lb-trans"><h2>構建你自己的安費諾敍述</h2>
</div><p>If you see the story differently or want to dive into the numbers yourself, you can build a personalized view in just minutes: Do it your way.</p>
<div class="lb-trans"><p>如果你對這個故事有不同看法或想自己深入數字，你可以在幾分鐘內構建個性化的視角：按你的方式進行。</p>
</div><p>A great starting point for your Amphenol research is our analysis highlighting 2 key rewards and 1 important warning sign that could impact your investment decision.</p>
<div class="lb-trans"><p>你對安費諾研究的一個很好的起點是我們的分析，強調了兩個關鍵獎勵和一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>Before you move on, lock in your next opportunities with focused stock ideas from the Simply Wall St Screener, built to target specific strengths the market often overlooks.</p>
<div class="lb-trans"><p>在你繼續之前，通過 Simply Wall St 篩選器鎖定你的下一個機會，專注於市場常常忽視的特定優勢的股票想法。</p>
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</ul>
<div class="lb-trans"><ul>
<li>通過針對在現金流指標上看起來便宜的公司，捕捉潛在的市場錯誤定價，這些 906 只低估股票基於現金流。</li>
<li>通過跟蹤塑造未來基礎設施的創新者，利用這些 28 只量子計算股票，抓住計算前沿的突破。</li>
<li>通過關注這些 15 只收益率超過 3% 的股息股票，增強你的收入流，這些股票可以幫助你的投資組合提供可靠的現金回報。</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>這篇文章由 Simply Wall St 撰寫，性質一般。<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，也不考慮你的目標或財務狀況。我們旨在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>

安費諾（APH）：在經歷多年強勁股價上漲後重新審視其估值