<p>Main Street Capital (MAIN) 在過去一週悄然回落約 3%，儘管其一年總回報接近 17%。這個差距正是機會變得有趣的地方。</p>
<p>查看我們對 Main Street Capital 的最新分析。</p>
<p>這七天的股價回落與年初至今的適度股價上漲和更強勁的一年總股東回報形成對比，表明短期內的緊張情緒，但長期動能依然健康，因為以收入為重點的投資者仍然堅持這個故事。</p>
<p>如果 MAIN 讓你考慮收入和複利，現在是探索其他在醫療保健領域高分紅股票的好時機，包括那些有穩定分紅的製藥股。</p>
<p>在 MAIN 交易價格僅略低於分析師目標價的情況下，經過十多年的卓越總回報，這次的回調是鎖定折扣收益的罕見機會，還是市場已經在預期未來的更多增長？</p>
<h2>最受歡迎的敍述：合理估值</h2>
<p>隨着 Main Street Capital 接近其合理價值 $60.50，故事的關鍵不再是價格差距，而是維持這一溢價的因素。</p>
<blockquote>
<p><em>Main Street Capital 維持的強大流動性和保守的槓桿配置，得益於長期的貸款人關係和成功的債務發行，提供了財務穩定性和靈活性，可能增強其在經濟下行時的應對能力，並推動股價增長。Main Street 的資產管理業務持續取得積極成果，產生顯著的激勵費用收入，標誌着另一條穩定的收入來源，改善公司的財務健康，並可能導致其股價上漲，儘管市場預期會下降。</em></p>
</blockquote>
<p>閲讀完整的敍述。</p>
<p>想知道為什麼穩定的收入、變化的利潤率和重置的收益倍數仍然加起來形成這個價格標籤嗎？敍述詳細説明了完整的數學。</p>
<p><strong>結果：合理價值 $60.50（大致正確）</strong></p>
<p>完整閲讀敍述，瞭解預測背後的原因。</p>
<p>然而，持續的淨資產增長和強勁的信用表現可能保持溢價不變，限制長期持有者的下行風險，儘管短期內存在緊張情緒。</p>
<p>瞭解 Main Street Capital 敍述的關鍵風險。</p>
<h2>估值的另一種角度</h2>
<p>雖然敍述將 Main Street Capital 定位在合理價值附近，但其 10.1 倍的市盈率與同行的 16.4 倍和更廣泛的美國資本市場的 25 倍相比顯得便宜，甚至低於 10.9 倍的合理比率。市場是在低估執行力，還是在為較弱的增長做準備？</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/22e39d45-ae3d-405b-938d-546ccca7e017/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="" original-src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/22e39d45-ae3d-405b-938d-546ccca7e017/chart/pe-multiple-vs-industry"/></p>
<p>NYSE:MAIN 截至 2025 年 12 月的市盈率</p>
<h2>自己構建 Main Street Capital 的敍述</h2>
<p>如果這個前景與你的觀點不太吻合，或者你更喜歡自己深入數字，你可以在幾分鐘內快速製作個性化版本：按你的方式進行。</p>
<p>進行 Main Street Capital 研究的一個很好的起點是我們的分析，突出 3 個關鍵收益和 4 個可能影響你投資決策的重要警示信號。</p>
<h2>尋找你的下一個舉動？</h2>
<p>在你繼續之前，鎖定一份新機會的短名單，使用 Simply Wall Street 篩選器，這樣你就不必僅依賴一個想法。</p>
<ul>
<li>通過掃描這 13 只收益率超過 3% 的高分紅股票，挖掘可靠的現金生成者，穩步增強你的投資組合收入。</li>
<li>通過瞄準這 25 只有望受益於加速 AI 採用的 AI 小盤股，提前佈局變革性創新。</li>
<li>通過關注這些 909 只被低估的股票，基於現金流增強你的安全邊際，這些股票市場尚未完全認可。</li>
</ul>
<p><em>這篇文章由 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，採用無偏見的方法，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>
<p>移動基礎設施用於國防和災難</p>
<p>下一波機器人技術不是類人機器人，而是能夠在 30 分鐘內在任何地方交付 5G、ISR 和雷達的全自動塔。</p>
<p>在下一輪合同之前獲取投資者簡報</p>
<p>代表 CiTech 贊助</p>

Main Street資本

<p>Main Street Capital 的股價最近回落了 3%，儘管其一年期總回報率達到了 17%。分析師認為該股票的公允價值為 60.50 美元，得益於強勁的流動性和保守的槓桿水平。公司的市盈率低於同行，顯示出潛在的低估。投資者被鼓勵探索其他高股息股票，並考慮 Main Street 穩定的收入來源和財務健康狀況，以進行長期投資</p>

<p>Main Street Capital (MAIN) has quietly pulled back about 3 % over the past week even as its one year total return sits near 17 %. That gap is where the opportunity gets interesting.</p>
<div class="lb-trans"><p>Main Street Capital (MAIN) 在過去一週悄然回落約 3%，儘管其一年總回報接近 17%。這個差距正是機會變得有趣的地方。</p>
</div><p>See our latest analysis for Main Street Capital.</p>
<div class="lb-trans"><p>查看我們對 Main Street Capital 的最新分析。</p>
</div><p>The 7 day share price pullback sits against a modest year to date share price gain and a much stronger one year total shareholder return, suggesting short term nerves but still healthy long term momentum as income focused investors stick with the story.</p>
<div class="lb-trans"><p>這七天的股價回落與年初至今的適度股價上漲和更強勁的一年總股東回報形成對比，表明短期內的緊張情緒，但長期動能依然健康，因為以收入為重點的投資者仍然堅持這個故事。</p>
</div><p>If MAIN has you thinking about income and compounding, this is a good moment to explore other dividend heavy names in healthcare, including pharma stocks with solid dividends.</p>
<div class="lb-trans"><p>如果 MAIN 讓你考慮收入和複利，現在是探索其他在醫療保健領域高分紅股票的好時機，包括那些有穩定分紅的製藥股。</p>
</div><p>With MAIN now trading only slightly below analyst targets after more than a decade of standout total returns, is this recent dip a rare chance to lock in yield at a discount, or is the market already banking on more growth ahead?</p>
<div class="lb-trans"><p>在 MAIN 交易價格僅略低於分析師目標價的情況下，經過十多年的卓越總回報，這次的回調是鎖定折扣收益的罕見機會，還是市場已經在預期未來的更多增長？</p>
</div><h2>Most Popular Narrative: Fairly Valued</h2>
<div class="lb-trans"><h2>最受歡迎的敍述：合理估值</h2>
</div><p>With Main Street Capital closing near its narrative fair value of $60.50, the story hinges less on price gaps and more on what sustains that premium.</p>
<div class="lb-trans"><p>隨着 Main Street Capital 接近其合理價值 $60.50，故事的關鍵不再是價格差距，而是維持這一溢價的因素。</p>
</div><blockquote>
<p><em>The strong liquidity and conservative leverage profile maintained by Main Street Capital, supported by long term lender relationships and successful debt offerings, provide financial stability and flexibility, potentially enhancing its ability to navigate economic downturns better than anticipated and drive share price growth. Continuous positive results from Main Street's asset management business and the generation of significant incentive fee income denote another stable revenue stream, improving the company’s financial health and potentially leading to an increase in its share price contrary to the expectation of a decrease.</em></p>
</blockquote>
<div class="lb-trans"><blockquote>
<p><em>Main Street Capital 維持的強大流動性和保守的槓桿配置，得益於長期的貸款人關係和成功的債務發行，提供了財務穩定性和靈活性，可能增強其在經濟下行時的應對能力，並推動股價增長。Main Street 的資產管理業務持續取得積極成果，產生顯著的激勵費用收入，標誌着另一條穩定的收入來源，改善公司的財務健康，並可能導致其股價上漲，儘管市場預期會下降。</em></p>
</blockquote>
</div><p>Read the complete narrative.</p>
<div class="lb-trans"><p>閲讀完整的敍述。</p>
</div><p>Want to see why steady revenues, changing margins and a reset earnings multiple still add up to this price tag? The narrative spells out the full math.</p>
<div class="lb-trans"><p>想知道為什麼穩定的收入、變化的利潤率和重置的收益倍數仍然加起來形成這個價格標籤嗎？敍述詳細説明了完整的數學。</p>
</div><p><strong>Result: Fair Value of $60.50 (ABOUT RIGHT)</strong></p>
<div class="lb-trans"><p><strong>結果：合理價值 $60.50（大致正確）</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, persistent NAV growth and resilient credit performance could keep the premium intact, limiting downside for long term holders despite near term jitters.</p>
<div class="lb-trans"><p>然而，持續的淨資產增長和強勁的信用表現可能保持溢價不變，限制長期持有者的下行風險，儘管短期內存在緊張情緒。</p>
</div><p>Find out about the key risks to this Main Street Capital narrative.</p>
<div class="lb-trans"><p>瞭解 Main Street Capital 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>While the narrative pegs Main Street Capital near fair value, its 10.1x price to earnings ratio looks cheap next to peers at 16.4x and the wider US Capital Markets at 25x, and even below a 10.9x fair ratio. Is the market underpricing execution, or bracing for weaker growth?</p>
<div class="lb-trans"><p>雖然敍述將 Main Street Capital 定位在合理價值附近，但其 10.1 倍的市盈率與同行的 16.4 倍和更廣泛的美國資本市場的 25 倍相比顯得便宜，甚至低於 10.9 倍的合理比率。市場是在低估執行力，還是在為較弱的增長做準備？</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/22e39d45-ae3d-405b-938d-546ccca7e017/chart/pe-multiple-vs-industry" alt="" original-src="https://images.simplywall.st/company/22e39d45-ae3d-405b-938d-546ccca7e017/chart/pe-multiple-vs-industry"/></p>
<p>NYSE:MAIN PE Ratio as at Dec 2025</p>
<div class="lb-trans"><p>NYSE:MAIN 截至 2025 年 12 月的市盈率</p>
</div><h2>Build Your Own Main Street Capital Narrative</h2>
<div class="lb-trans"><h2>自己構建 Main Street Capital 的敍述</h2>
</div><p>If this outlook does not quite fit your view, or you prefer digging into the numbers yourself, you can quickly craft a personalized version in just minutes: Do it your way.</p>
<div class="lb-trans"><p>如果這個前景與你的觀點不太吻合，或者你更喜歡自己深入數字，你可以在幾分鐘內快速製作個性化版本：按你的方式進行。</p>
</div><p>A great starting point for your Main Street Capital research is our analysis highlighting 3 key rewards and 4 important warning signs that could impact your investment decision.</p>
<div class="lb-trans"><p>進行 Main Street Capital 研究的一個很好的起點是我們的分析，突出 3 個關鍵收益和 4 個可能影響你投資決策的重要警示信號。</p>
</div><h2>Looking for your next move?</h2>
<div class="lb-trans"><h2>尋找你的下一個舉動？</h2>
</div><p>Before you move on, lock in a shortlist of fresh opportunities with the Simply Wall Street screener so you are not relying on one idea alone.</p>
<div class="lb-trans"><p>在你繼續之前，鎖定一份新機會的短名單，使用 Simply Wall Street 篩選器，這樣你就不必僅依賴一個想法。</p>
</div><ul>
<li>Tap into reliable cash generators by scanning these 13 dividend stocks with yields &gt; 3% that can steadily reinforce your portfolio income.</li>
<li>Position yourself early in transformative innovation by targeting these 25 AI penny stocks poised to benefit from accelerating AI adoption.</li>
<li>Strengthen your margin of safety by zeroing in on these 909 undervalued stocks based on cash flows that the market has yet to fully appreciate.</li>
</ul>
<div class="lb-trans"><ul>
<li>通過掃描這 13 只收益率超過 3% 的高分紅股票，挖掘可靠的現金生成者，穩步增強你的投資組合收入。</li>
<li>通過瞄準這 25 只有望受益於加速 AI 採用的 AI 小盤股，提前佈局變革性創新。</li>
<li>通過關注這些 909 只被低估的股票，基於現金流增強你的安全邊際，這些股票市場尚未完全認可。</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，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，採用無偏見的方法，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><p>Mobile Infrastructure for Defense and Disaster</p>
<div class="lb-trans"><p>移動基礎設施用於國防和災難</p>
</div><p>The next wave in robotics isn't humanoid. Its fully autonomous towers delivering 5G, ISR, and radar in under 30 minutes, anywhere.</p>
<div class="lb-trans"><p>下一波機器人技術不是類人機器人，而是能夠在 30 分鐘內在任何地方交付 5G、ISR 和雷達的全自動塔。</p>
</div><p>Get the investor briefing before the next round of contracts</p>
<div class="lb-trans"><p>在下一輪合同之前獲取投資者簡報</p>
</div><p>Sponsored On Behalf of CiTech</p>
<div class="lb-trans"><p>代表 CiTech 贊助</p>
</div>

Main Street 資本（MAIN）：在近期股價回調後重新評估其估值