KRX Names 151 Firms With Persistently Low PBR, Including Hyundai Steel and E-Mart
A list of 151 listed companies that have remained chronically undervalued on the domestic stock market has been made public for the first time. On Nov. 1, Korea Exchange (KRX) designated a total of 151 companies — 96 on KOSPI and 55 on KOSDAQ — for public disclosure due to their low price-to-book ra
Korea Exchange (KRX) has released a list of 151 companies with persistently low price-to-book ratios (PBRs) on the domestic stock market, in an effort to pressure firms into improving their corporate value. The "Low PBR" designation, which will be displayed on KRX's Listed Company Disclosure System (KIND) and brokerage firms' mobile trading systems, will be in effect until May 4, 2027.
Companies on the list, including Hyundai Steel and E-Mart, have had their PBRs remain in the bottom 25% of their respective sectors for six consecutive half-year periods or six out of seven half-year periods over the past three years. The Materials sector had the largest representation on the list, with 23 companies, followed by Industrials and Consumer Discretionary with 22 and 18 companies, respectively.
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