<p>以 53.4 倍的市盈率（&#34;P/E&#34;）來看，<strong>Voltage Incorporation</strong>（TSE:3639）目前可能發出了非常悲觀的信號，因為日本幾乎一半的公司市盈率低於 15 倍，甚至低於 11 倍的市盈率也並不罕見。不過，僅僅將市盈率表面化是不明智的，因為可能有解釋説明其如此高的原因。</p>
<p>這項技術可能會取代計算機：發現 20 只正在努力使量子計算成為現實的股票。</p>
<p>舉個例子，Voltage Incorporation 去年的盈利狀況惡化，這並不是理想的情況。可能很多人仍然期望該公司在未來一段時間內表現優於大多數其他公司，這使得市盈率沒有崩潰。你真的希望如此，否則你就是在為沒有特別理由的高價買單。</p>
<p>查看我們對 Voltage Incorporation 的最新分析</p>
<p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/asset/chart/105304503-pe-multiple-vs-industry-1-dark-2/1771025644081?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/105304503-pe-multiple-vs-industry-1-dark-2/1771025644081"/></p>
<p>TSE:3639 市盈率與行業比較 2026 年 2 月 13 日</p>
<p>我們沒有分析師的預測，但你可以通過查看我們關於 Voltage Incorporation 的盈利、收入和現金流的 <strong>免費</strong> 報告，瞭解最近的趨勢如何為公司未來鋪路。</p>
<h2>Voltage Incorporation 的增長趨勢如何？</h2>
<p>你真正能安心看到像 Voltage Incorporation 這樣高的市盈率的唯一時機是當公司的增長有望明顯超越市場時。</p>
<p>回顧一下，公司的每股收益增長去年並不令人興奮，出現了令人失望的 17% 的下降。至少每股收益在整體上沒有完全倒退，得益於早期的增長。因此，我們認為該公司在這段時間內的盈利增長結果是喜憂參半的。</p>
<p>將最近的中期盈利軌跡與更廣泛市場的年擴張預測 8.7% 進行比較，顯示其年化基礎上明顯不那麼吸引人。</p>
<p>根據這些信息，我們發現 Voltage Incorporation 的市盈率高於市場，這讓人感到擔憂。顯然，許多投資者對該公司的看法遠比最近的情況更為樂觀，並且不願意以任何價格拋售他們的股票。只有最勇敢的人才會假設這些價格是可持續的，因為近期盈利趨勢的持續可能會對股價產生重大壓力。</p>
<h2>Voltage Incorporation 市盈率的底線</h2>
<p>通常，我們會警告在做出投資決策時不要過於解讀市盈率，儘管它可以揭示其他市場參與者對公司的看法。</p>
<p>我們對 Voltage Incorporation 的審查顯示，其三年的盈利趨勢對其高市盈率的影響遠沒有我們預測的那麼大，因為它們看起來比當前市場預期更糟。當我們看到盈利疲軟且增長速度慢於市場時，我們懷疑股價面臨下跌風險，從而使高市盈率降低。除非近期中期條件顯著改善，否則很難接受這些價格是合理的。</p>
<p>我們不想過於潑冷水，但我們確實發現了 <strong>Voltage Incorporation 的一個警示信號</strong>，你需要留意。</p>
<p>你可能能找到比 Voltage Incorporation 更好的投資。如果你想要一些可能的候選者，請查看這份 <strong>免費</strong> 的低市盈率且已證明能夠增長盈利的有趣公司的名單。</p>
<h3><strong>新功能：在一個地方管理所有股票投資組合</strong></h3>
<p>我們為股票投資者創建了 <strong>終極投資組合助手</strong>，<strong>而且是免費的。</strong></p>
<p>• 連接無限數量的投資組合，並以一種貨幣查看你的總額</p>
<p>• 通過電子郵件或手機接收新的警示信號或風險提醒</p>
<p>• 跟蹤你股票的公允價值</p>
<p>免費試用演示投資組合</p>

3639

<p>Voltage Incorporation（東京證券交易所代碼：3639）的市盈率高達 53.4 倍，引發了人們的擔憂，因為許多日本公司的市盈率低於 15 倍。該公司的盈利在過去一年中下降了 17%，使其高市盈率相比市場預期的 8.7% 的增長顯得不那麼吸引人。儘管盈利疲軟，投資者仍然保持樂觀，但當前股價的可持續性令人質疑。由於公司的增長趨勢無法證明其高估值，建議保持謹慎，可能會有更好的投資機會</p>

<p>With a price-to-earnings (or &#34;P/E&#34;) ratio of 53.4x <strong>Voltage Incorporation</strong> (TSE:3639) may be sending very bearish signals at the moment, given that almost half of all companies in Japan have P/E ratios under 15x and even P/E's lower than 11x are not unusual. Although, it's not wise to just take the P/E at face value as there may be an explanation why it's so lofty.</p>
<div class="lb-trans"><p>以 53.4 倍的市盈率（&#34;P/E&#34;）來看，<strong>Voltage Incorporation</strong>（TSE:3639）目前可能發出了非常悲觀的信號，因為日本幾乎一半的公司市盈率低於 15 倍，甚至低於 11 倍的市盈率也並不罕見。不過，僅僅將市盈率表面化是不明智的，因為可能有解釋説明其如此高的原因。</p>
</div><p>This technology could replace computers: discover the 20 stocks are working to make quantum computing a reality.</p>
<div class="lb-trans"><p>這項技術可能會取代計算機：發現 20 只正在努力使量子計算成為現實的股票。</p>
</div><p>As an illustration, earnings have deteriorated at Voltage Incorporation over the last year, which is not ideal at all. It might be that many expect the company to still outplay most other companies over the coming period, which has kept the P/E from collapsing. You'd really hope so, otherwise you're paying a pretty hefty price for no particular reason.</p>
<div class="lb-trans"><p>舉個例子，Voltage Incorporation 去年的盈利狀況惡化，這並不是理想的情況。可能很多人仍然期望該公司在未來一段時間內表現優於大多數其他公司，這使得市盈率沒有崩潰。你真的希望如此，否則你就是在為沒有特別理由的高價買單。</p>
</div><p>View our latest analysis for Voltage Incorporation</p>
<div class="lb-trans"><p>查看我們對 Voltage Incorporation 的最新分析</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/asset/chart/105304503-pe-multiple-vs-industry-1-dark-2/1771025644081" alt="" original-src="https://images.simplywall.st/asset/chart/105304503-pe-multiple-vs-industry-1-dark-2/1771025644081"/></p>
<p>TSE:3639 Price to Earnings Ratio vs Industry February 13th 2026</p>
<div class="lb-trans"><p>TSE:3639 市盈率與行業比較 2026 年 2 月 13 日</p>
</div><p>We don't have analyst forecasts, but you can see how recent trends are setting up the company for the future by checking out our <strong>free</strong> report on Voltage Incorporation's earnings, revenue and cash flow.</p>
<div class="lb-trans"><p>我們沒有分析師的預測，但你可以通過查看我們關於 Voltage Incorporation 的盈利、收入和現金流的 <strong>免費</strong> 報告，瞭解最近的趨勢如何為公司未來鋪路。</p>
</div><h2>How Is Voltage Incorporation's Growth Trending?</h2>
<div class="lb-trans"><h2>Voltage Incorporation 的增長趨勢如何？</h2>
</div><p>The only time you'd be truly comfortable seeing a P/E as steep as Voltage Incorporation's is when the company's growth is on track to outshine the market decidedly.</p>
<div class="lb-trans"><p>你真正能安心看到像 Voltage Incorporation 這樣高的市盈率的唯一時機是當公司的增長有望明顯超越市場時。</p>
</div><p>Taking a look back first, the company's earnings per share growth last year wasn't something to get excited about as it posted a disappointing decline of 17%. At least EPS has managed not to go completely backwards from three years ago in aggregate, thanks to the earlier period of growth. So it appears to us that the company has had a mixed result in terms of growing earnings over that time.</p>
<div class="lb-trans"><p>回顧一下，公司的每股收益增長去年並不令人興奮，出現了令人失望的 17% 的下降。至少每股收益在整體上沒有完全倒退，得益於早期的增長。因此，我們認為該公司在這段時間內的盈利增長結果是喜憂參半的。</p>
</div><p>Weighing that recent medium-term earnings trajectory against the broader market's one-year forecast for expansion of 8.7% shows it's noticeably less attractive on an annualised basis.</p>
<div class="lb-trans"><p>將最近的中期盈利軌跡與更廣泛市場的年擴張預測 8.7% 進行比較，顯示其年化基礎上明顯不那麼吸引人。</p>
</div><p>With this information, we find it concerning that Voltage Incorporation is trading at a P/E higher than the market. Apparently many investors in the company are way more bullish than recent times would indicate and aren't willing to let go of their stock at any price. Only the boldest would assume these prices are sustainable as a continuation of recent earnings trends is likely to weigh heavily on the share price eventually.</p>
<div class="lb-trans"><p>根據這些信息，我們發現 Voltage Incorporation 的市盈率高於市場，這讓人感到擔憂。顯然，許多投資者對該公司的看法遠比最近的情況更為樂觀，並且不願意以任何價格拋售他們的股票。只有最勇敢的人才會假設這些價格是可持續的，因為近期盈利趨勢的持續可能會對股價產生重大壓力。</p>
</div><h2>The Bottom Line On Voltage Incorporation's P/E</h2>
<div class="lb-trans"><h2>Voltage Incorporation 市盈率的底線</h2>
</div><p>Typically, we'd caution against reading too much into price-to-earnings ratios when settling on investment decisions, though it can reveal plenty about what other market participants think about the company.</p>
<div class="lb-trans"><p>通常，我們會警告在做出投資決策時不要過於解讀市盈率，儘管它可以揭示其他市場參與者對公司的看法。</p>
</div><p>Our examination of Voltage Incorporation revealed its three-year earnings trends aren't impacting its high P/E anywhere near as much as we would have predicted, given they look worse than current market expectations. When we see weak earnings with slower than market growth, we suspect the share price is at risk of declining, sending the high P/E lower. Unless the recent medium-term conditions improve markedly, it's very challenging to accept these prices as being reasonable.</p>
<div class="lb-trans"><p>我們對 Voltage Incorporation 的審查顯示，其三年的盈利趨勢對其高市盈率的影響遠沒有我們預測的那麼大，因為它們看起來比當前市場預期更糟。當我們看到盈利疲軟且增長速度慢於市場時，我們懷疑股價面臨下跌風險，從而使高市盈率降低。除非近期中期條件顯著改善，否則很難接受這些價格是合理的。</p>
</div><p>We don't want to rain on the parade too much, but we did also find <strong>1 warning sign for Voltage Incorporation</strong> that you need to be mindful of.</p>
<div class="lb-trans"><p>我們不想過於潑冷水，但我們確實發現了 <strong>Voltage Incorporation 的一個警示信號</strong>，你需要留意。</p>
</div><p>You might be able to find a better investment than Voltage Incorporation. If you want a selection of possible candidates, 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>你可能能找到比 Voltage Incorporation 更好的投資。如果你想要一些可能的候選者，請查看這份 <strong>免費</strong> 的低市盈率且已證明能夠增長盈利的有趣公司的名單。</p>
</div><h3><strong>New:</strong> Manage All Your Stock Portfolios in One Place</h3>
<div class="lb-trans"><h3><strong>新功能：在一個地方管理所有股票投資組合</strong></h3>
</div><p>We've created the <strong>ultimate portfolio companion</strong> for stock investors, <strong>and it's free.</strong></p>
<div class="lb-trans"><p>我們為股票投資者創建了 <strong>終極投資組合助手</strong>，<strong>而且是免費的。</strong></p>
</div><p>• Connect an unlimited number of Portfolios and see your total in one currency</p>
<div class="lb-trans"><p>• 連接無限數量的投資組合，並以一種貨幣查看你的總額</p>
</div><p>• Be alerted to new Warning Signs or Risks via email or mobile</p>
<div class="lb-trans"><p>• 通過電子郵件或手機接收新的警示信號或風險提醒</p>
</div><p>• Track the Fair Value of your stocks</p>
<div class="lb-trans"><p>• 跟蹤你股票的公允價值</p>
</div><p>Try a Demo Portfolio for Free</p>
<div class="lb-trans"><p>免費試用演示投資組合</p>
</div>

Voltage 公司（TSE:3639）的股東可能正在尋求退出