亚马逊市值超过沃尔玛、好市多和塔吉特的总和

经过过去两年出色的市场表现，亚马逊公司股价几乎翻了三番，达到922美元的天价，也使亚马逊的市值达到4,398亿美元，远超竞争对手沃尔玛（Walmart）、好市多（Costco）、塔吉特（Target）、梅西百货（Macy’s）和科尔士百货（Kohl’s）的总和。

最近，亚马逊的市值达到了沃尔玛的接近两倍。沃尔玛是美国规模最大的零售商，2016财年收入为4,820亿美元，相比之下亚马逊的收入为1,360亿美元。据彭博社报道，沃尔玛的市值达到2,181亿美元，而好市多和塔吉特的市值分别为738亿美元和296亿美元。梅西百货与科尔士百货的市值分别为89亿美元和66亿美元。这五家零售商的市值加起来是3,370亿美元，这意味着亚马逊市值比这五家公司的市值总和还要多出1,000亿美元。

市值上产生巨大差距的原因，可以追溯到亚马逊最近在投资者方面取得的成功，以及竞争对手的市场衰退。自2015年以来，亚马逊股价上涨了接近200%，但沃尔玛和塔吉特的股价却分别下跌了约15%和30%。最近麻烦不断的梅西百货，股价几近腰斩，而科尔士百货的股价也下跌了三分之一。在同期内，只有好市多实现了正收益，股价上涨了18%。

但尽管亚马逊在市值方面碾压了传统实体店竞争对手，但值得注意的是，亚马逊不仅仅是一家在线零售商。亚马逊凭借强大的云计算业务和Alexa与Amazon Fire等产品，以及食品杂货配送等业务，在科技领域占据一席之地，也使公司成为一家多元化的金融实体。

还有其他因素也加深了华尔街对亚马逊的钟爱，例如许多人认为亚马逊CEO杰夫·贝佐斯是一位卓越的领袖。公司股票的出色表现，也使贝佐斯超越了沃伦巴菲特，成为全球第二大富豪。

目前，在市值方面能够与亚马逊比肩的，只有科技业巨头。市值超过亚马逊的只有苹果（Apple）、谷歌（Google）母公司Alphabet和微软（Microsoft），但这种情况或许很快就会改变。许多分析师认为，亚马逊即将成为第一家市值超万亿美元的公司。（财富中文网）

译者：刘进龙/汪皓

After a remarkable market run over the last two years, its stock has nearly tripled in value to an astronomical $922, swelling Amazon’s market cap to $439.8 billion, which far surpasses the combined valuations of rivals Walmart, Costco, Target, Macy’s, and Kohl’s.

Amazon’s market cap nearly doubles that of Walmart, which is the largest retailer in the U.S., boasting revenue of $482 billion for fiscal 2016, compared with Amazon’s $136 billion. Walmart’s value comes out to $218.1 billion, while Costco’s is $73.8 billion and Target’s is $29.6 billion, according to Bloomberg. Macy’s and Kohl’s total $8.9 billion and $6.6 billion, respectively. The combined total for the five retailers is $337 billion, meaning Amazon eclipses them all by about $100 billion.

That disparity in values can be traced to Amazon’s recent success with investors and the market regression of its rivals. Whereas Amazon’s stock is up nearly 200% since the start of 2015, Walmart’s and Target’s are down around 15% and 30%, respectively. Macy’s, which has had a host of recent problems, has dropped by about half, while Kohl’s shares have fallen by a third. Only Costco has positive returns over the period, posting a gain of 18%.

But even though Amazon has overtaken traditional brick-and-mortar competitors by value, it’s important to note that the company is much more than just an online retailer. Amazon's stronghold in the tech world, which includes vigorous cloud computing business and products like Alexa and Amazon Fire, as well as other ventures like grocery delivery, make the company a diverse financial entity.

Other factors, such as the fact that many see Amazon CEO Jeff Bezos as a remarkable leader, have also boosted Wall Street’s current love affair with the company. The stock's remarkable run has also catapulted Bezos ahead of Warren Buffett to make him the world's second-richest person.

The only companies that can go toe to with Amazon’s market cap these days are tech giants. Only Apple, Google parent Alphabet, and Microsoft are worth more, but that could soon change. A number of analysts believe Amazon is on its way to becoming the first trillion-dollar company.