$SK hynix(SKHY)$ Looking at the valuation discount on Korean memory stocks, it's pretty striking. Hanwha Investment & Securities ran the numbers using Bloomberg forecast data, and the forward P/E comparisons really stand out. Kioxia sits at 106.6x, TSMC at 24.4x, and Micron Technology at 18.3x. Meanwhile, Samsung Electronics and SK Hynix are trading at just 6.3x and 8.6x respectively. Against the average P/E of 49.65x for those three peers, that puts Samsung and SK Hynix at a discount of roughly 82% to 87%.
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