KOREA MARKET
Korean Market Valuation
Read current and expected earnings together with the KOSPI trend, and where that sits in the post-2010 range.
As of -- · updated --
As of 2026-08-03, KOSPI's current PER is 17.10x, 9.3% above its post-2010 average of 15.65x (post-2010 percentile 75%). The KOSPI index is at 6,257, -5.1% vs. the previous close, with forward PER at 5.44x.
Current state
KOSPI's large semiconductor weight can make earnings cycles and PER move in opposite directions. A post-2010 lower range doesn't mean undervalued, so this shows position only, not a value judgment.
KOSPI PER
--PER: index market cap divided by trailing 12-month earnings. Current PER is daily KRX data; the average and range are cumulative since 2010. The black mark on the scale is current, the gray mark is forward.
PER since 2010 is KRX's own published index PER, taken as-is. We haven't independently verified whether KRX retroactively restated older periods for accounting-standard changes (e.g. the 2011 shift to consolidated/K-IFRS financials), so treat comparisons against the older end of the range as a reference point, not a precise like-for-like match.
Past valuations that were similar
Current PER --x · similarity band -- · independent past regimes --
| Representative date | PER then | Diff. from now | KOSPI +21td | KOSPI +63td |
|---|
These are past cases found by matching PER level only. They don't account for interest rates, earnings outlook, the macro backdrop, or flow conditions at the time. Past cases don't predict future market moves.
KOSPI PBR
--PBR: index market cap divided by book value (total equity). Current PBR is daily KRX data; the average and range are cumulative since 2010. The black mark on the scale is current.
PBR since 2010 is KRX's own published index PBR, taken as-is. We haven't independently verified whether KRX retroactively restated older periods for accounting-standard changes (e.g. the 2011 shift to consolidated/K-IFRS financials), so treat comparisons against the older end of the range as a reference point, not a precise like-for-like match.
Past PBR levels that were similar
Current PBR --x · similarity band -- · independent past regimes --
| Representative date | PBR then | Diff. from now | KOSPI +21td | KOSPI +63td |
|---|
These are past cases found by matching PBR level only. They don't account for interest rates, earnings outlook, the macro backdrop, or flow conditions at the time. Past cases don't predict future market moves.
KOSPI Index Trend
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Recent index trend vs. the previous close. Read alongside valuation (PER above) rather than the index level alone.
Sources: Daily KRX PER/PBR · Forward PER calculated in-house from a Hana Securities 2027E net-income estimate (see methodology above)