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Krafton Inc
KRX:259960

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Krafton Inc
KRX:259960
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Price: 276 000 KRW 0.55% Market Closed
Market Cap: ₩13.1T

P/B

1.7
Current
6%
Cheaper
vs 3-y average of 1.9

Price to Book (P/B) ratio compares a company`s market value to its book value. It shows how much investors are paying for each dollar of net assets on the balance sheet.

P/B
1.7
=
Market Cap
₩10.6T
/
Total Equity
₩7T

Price to Book (P/B) ratio compares a company`s market value to its book value. It shows how much investors are paying for each dollar of net assets on the balance sheet.

P/B
1.7
=
Market Cap
₩10.6T
/
Total Equity
₩7T

Valuation Scenarios

Krafton Inc is trading below its 3-year average

If P/B returns to its 3-Year Average (1.9), the stock would be worth ₩294 932.49 (7% upside from current price).

Statistics
Positive Scenarios
2/4
Maximum Downside
-36%
Maximum Upside
+12%
Average Downside
10%
Scenario P/B Value Implied Price Upside/Downside
Current Multiple 1.7 ₩276 000
0%
3-Year Average 1.9 ₩294 932.49
+7%
5-Year Average 2 ₩308 478.19
+12%
Industry Average 1.3 ₩212 598.24
-23%
Country Average 1.1 ₩176 936.46
-36%

Forward P/B
Today’s price vs future total equity

Not enough data available to calculate forward P/B

Peer Comparison

All Multiples
P/B
P/E
All Countries
Close
P/E Multiple
Earnings Growth PEG
KR
Krafton Inc
KRX:259960
Average P/E: 31.1
16.8
23%
0.7
US
A
Activision Blizzard Inc
LSE:0H8X
34.2
36%
1
CN
NetEase Inc
NASDAQ:NTES
14.5
14%
1
JP
Nintendo Co Ltd
TSE:7974
23
26%
0.9
US
Electronic Arts Inc
NASDAQ:EA
74.4
32%
2.3
SG
Sea Ltd
NYSE:SE
29.7
27%
1.1
US
Roblox Corp
NYSE:RBLX
Negative Multiple: -37.4 N/A N/A
US
Take-Two Interactive Software Inc
NASDAQ:TTWO
Negative Multiple: -10 N/A N/A
CN
Z
Zhejiang Century Huatong Group Co Ltd
SZSE:002602
32.9
104%
0.3
JP
Konami Holdings Corp
TSE:9766
31.2
22%
1.4
JP
N
Nexon Co Ltd
TSE:3659
23
18%
1.3

Market Distribution

In line with most companies in Korea
Percentile
63nd
Based on 1 345 companies
63nd percentile
1.7
Low
0.1 — 0.7
Typical Range
0.7 — 2.3
High
2.3 —
Distribution Statistics
Korea
Min 0.1
30th Percentile 0.7
Median 1.1
70th Percentile 2.3
Max 2 461.2

Krafton Inc
Glance View

Krafton Inc., a South Korean titan in the gaming industry, has risen to prominence largely on the back of its colossal hit, "PlayerUnknown’s Battlegrounds" (PUBG). This battle royale game transformed the landscape of online gaming by introducing a gripping, last-man-standing format that captivated millions of players around the globe. With this winning formula, Krafton successfully diversified its revenue streams beyond initial game sales to include in-game purchases, cosmetic upgrades, and seasonal battle passes, all of which keep players engaged and spending. This model, supported by recurring revenue, offers insights into the company’s strategic mastery at driving user engagement and monetization. Despite the monumental success of PUBG, Krafton Inc. has not rested on its laurels. Recognizing the mercurial nature of the gaming market, the company has embarked on an ambitious journey to broaden its portfolio and future-proof its business against market volatility. To this end, Krafton is investing heavily in new technologies and content, exploring avenues such as narrative-driven games, and showcasing its prowess in developing immersive virtual worlds. By leveraging its expertise in crafting engaging experiences and tapping into emerging trends like artificial intelligence and extended reality, Krafton aims to sustain its growth and secure its place as a mainstay in the highly competitive gaming industry. Through these strategic and innovative endeavors, Krafton continues to craft its story of resilience and adaptability, remaining a formidable player on the global gaming stage.

Intrinsic Value
323 018.46 KRW
Undervaluation 15%
Intrinsic Value
Price ₩276 000
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