Amazon.com, Inc. (AMZN)
Consumer Cyclical · Specialty Retail · Data as of 2026-10-22
Bottom line
AMZN is trading near its usual valuation, in the middle of its recent price range, and recent volume shows no clear direction. The picture is mixed, so it may be worth watching rather than acting on. Past patterns are not a guarantee of future results.
Valuation — Cheap-looking, with quality flags (Yellow)
AMZN trades at 21× earnings, below its own 5-year average of 51× and roughly in line with similar consumer cyclical companies we track (19×, 50 peers). Historically this has been on the cheaper side for the stock. On next year's expected earnings (39 analyst estimates), it trades at 20× — below its historical average. Its current multiple sits around the 4th percentile of its own last five years — toward the low end of its own range.
Quality check: only about 10% of reported earnings arrived as free cash over the last year — a gap that often traces to working capital absorbing cash.
Price zones — In the middle of its recent range (Yellow)
At $250.38, the stock sits between its recent support and resistance levels. Over the past year AMZN has traded between $196.00 and $287.20; its historical support zone sits near $243.26 and resistance near $255.99. It is above one of its moving averages and below the other — a mixed trend picture.
52-week range $196.00–$287.20 · 50-day average $255.99 · 200-day average $243.26
Money flow — No clear direction (Yellow)
Buying and selling volume in AMZN have been fairly balanced recently, with no strong accumulation or distribution pattern. Volume on up days has been about 1.0× volume on down days over the last 30 sessions.
Dividends & company facts
AMZN doesn't pay a dividend, and it bought back no shares in fiscal 2025. Its share count rose 0.9% over the past year and 6.1% over five.
- Shares, past year
- +0.9%
- Revenue, 12 months
- $775.7B
- Profit, 12 months
- $135.3B
- Employees
- 1,576,000
- CEO
- Andrew R. Jassy
- Headquarters
- Seattle, WA
- Listed since
- 1997 · NASDAQ
About the company
Amazon.com, Inc. operates a vast global retail enterprise, distributing consumer goods and subscription services through both its extensive online platforms and a network of physical stores across North America and internationally. Its operations are structured into three primary segments: North America, International, and Amazon Web Services (AWS).
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一句话结论
AMZN 估值接近其惯常水平，处于近期价格区间的中部，近期成交量没有明确方向。整体情况好坏参半，也许更适合先观察，而不是急于行动。过去的形态并不能保证未来的结果。
估值 — 看似便宜，但有质量警示
AMZN 目前的市盈率为 21×，低于其自身 5 年平均的 51×，并且大致持平于我们追踪的同类Consumer Cyclical公司（19×，50 家）。从历史来看，这属于该股较便宜的一侧。按明年的预期盈利计算（39 位分析师的预测），其市盈率为 20×，低于历史平均水平。它当前的估值倍数大约位于自身过去五年分布的第 4 百分位——处于自身区间的偏低位置。
质量核对：过去一年，报告利润中只有约 10% 转化为自由现金——这样的差距常常源于营运资金占用了现金。
价格区间 — 处于近期区间的中部
目前价格为 $250.38，位于其近期的支撑位与阻力位之间。过去一年 AMZN 的价格在 $196.00 到 $287.20 之间波动；其历史支撑区在 $243.26 附近，阻力区在 $255.99 附近。它位于其中一条均线上方、另一条下方——趋势信号并不一致。
资金流向 — 方向不明确
AMZN 近期的买卖成交量大致均衡，没有明显的吸筹或派发形态。过去 30 个交易日，上涨日的成交量约为下跌日的 1.0×。
股息与公司概况
AMZN 不派发股息，并且在 2025 财年没有回购股票。其股数过去一年增加了 0.9%，五年增加了 6.1%。
UnderTheLight 用直白的语言解释股票——估值、价格区间与资金流向。它只描述数据，不构成任何投资建议。
UnderTheLight explains stocks in plain English — valuation, price zones and money flow as traffic lights, recomputed nightly. It describes data; it is not investment advice and never recommends a trade.