所有技术的进位，最终都要在商业闭环中寻找答案。To B的RaaS（机器人即服务），正在将昂贵的硬件投入转化为标准化的生产力租赁，通过规模化运营来平摊初始研发成本。擎天租预计2025年机器人租赁市场规模将突破10亿元，2026年不会低于100亿元。
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BofA points out that the sector currently trades at 22x trailing free cash flow and 15 times enterprise value to trailing Ebitda. While bulls might argue that the stocks look cheap after falling 24% from peak valuations set a year ago, BofA cautions that these multiples have merely returned to pre-pandemic levels. Furthermore, BofA asserts that insurance distribution firms frequently utilize liberal earnings “adjustments”—such as excluding integration costs from their steady stream of acquisitions—that tend to significantly flatter their true earnings power.
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