· 个股论点
$RPI 就 GAAP 前向预测来看确实看起来有点便宜。 - 2026 前向 P/E: $5.29 / $0.256 = 20.6倍 - 2027 前向 P/E: $5.29 / $0.400 = 13.2倍 - 2028 前向 P/E: $5.29 / $0.553 = 9.5倍 基于个人预测。尤其是当你在同比增长 58%（预期会再次上调，因 OpenClaw 的购买）： 当以 2 倍前向市销率交易时，实际上并没有多少溢价。尤其是在 AI 代理硬件(agentic hardware)领域还有新的 TAM 扩张机会。 下行风险是，OpenClaw 只是短期趋势。但 Jensen 在 GTC 上将其验证为下一个重大趋势。 如果这是结构性需求，而 Raspberry Pi 是消费代理硬件领域的 $NVDA……以约 $1B 市值来看，可能是一个绝佳的机会。
$RPI does look sort of cheap for GAAP forward projections. - 2026 Forward P/E: $5.29 / $0.256 = 20.6x - 2027 Forward P/E: $5.29 / $0.400 = 13.2x - 2028 Forward P/E: $5.29 / $0.553 = 9.5x Off personal projections. Especially when you’re growing 58% Y/Y (expect this to beat again due to OpenClaw buying): There’s not really much of a premium when it trades at 2x fwd/sales. Especially when theres new TAM expansion opportunities in the AI agentic hardware space. The downside risk is, OpenClaw is just a short term trend. But Jensen did validate it as the next major trend at GTC. If it is structural demand and Raspberry Pi is the $NVDA for consumer agentic hardware… could be a great opportunity at ~$1B MC.