NWSA 的数字化转型正在奏效——收入、盈利和自由现金流增长，广告占比从50%降至15%，道琼斯订阅在扩大——但在41倍市盈率下，其增长和可预测性已被定价；还可以，但不适合他。
逐段跳播
News Corporation 成功地从旧业务转型到更数字化的新业务。目前市盈率为41，你可以看到这里一切看起来都不错：营收增长、盈利增长、自由现金流增长、股东回报，以及加速的股票回购。
广告业务在10年前还占50%，现在只占15%。现在我们有了订阅业务，道琼斯也在增长。如果情况照这样发展下去，它将达到十亿。
News Corporation has managed to transition from old things to new, more digital things. The price-to-earnings ratio is now 41, and you can see here that everything looks good: revenue growth, earnings growth, free cash flow growth, returns to shareholders, and accelerated share buybacks.
Advertising, which used to make up 50% 10 years ago, now only makes up 15%. Now we have subscriptions, and the Dow Jones is growing. If things continue like this, it will reach a billion.
然而，市盈率高达41，再加上增长前景和可预测性，这些都已经反映在价格里了。所以，它还可以，但不适合我。
However, with a price-to-earnings ratio of 41, and with growth prospects and predictability, this is already priced in. So, it's okay, but it's not suitable for me.