$ALGT · Value Investing with Sven Carlin, Ph.D. · 2026-11-03
ALGT 定价合理但缺乏吸引力：市盈率 22 倍，按 3-4% 的增长加上股息估算，回报约 6-7%，或许更高；若市盈率接近 15 倍、股息率略高，才会让人感兴趣；欧洲和住房板块疲软意味着他暂时不会去研究它——在当前水平上没有什么亮眼之处。
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Allegiant，一家定价合理的投资公司，过去十四年表现异常出色。市盈率是22，而这里我们面对的是大约6-7%的预期回报，加上3-4%的增长和股息，或者类似这样的东西，甚至可能更高。
Allegiant, a fair-priced investment company , has performed exceptionally well over the past fourteen years. The price-to-earnings ratio is 22, and here we are faced with an estimated return of about 6-7% with growth of 3-4% and dividends, or something like that, and perhaps even higher.
如果你调整一下，这个业务板块挺有意思，欧洲有一些疲软，住房板块可能也会带来一些疲软。但尽管有起有落，我会说它是一家定价合理的投资公司。比如说，这不是我会去研究的板块，或者说还不是。
也许22倍的市盈率要降到15倍左右才有吸引力，同时股息率略高一些。所以，这是值得考虑的东西，但在当前这个水平上，它就是这样。嗯，它是指标的一部分，但没什么特别惊艳的。
If you adjust that, the business sector is interesting, with some weakness in Europe, and perhaps some weakness coming from the housing sector. But with the ups and downs, I would say it is a fairly priced investment company.
Let's say it's not a sector I'd look into, or not yet. Perhaps a price-to-earnings ratio of 22 should be at a level of 15 to be interesting, with a slightly higher dividend yield .
So, this is something worth considering, but at these levels, it exists. Well , it's part of the indicator, but nothing spectacular.