South Korean (KOSPI) Financials Sector Analysis

Sector Valuation and Performance

Has the South Korean Financials Sector valuation changed over the past few years?

Date	Market Cap	Revenue	Earnings	PE	Absolute PE	PS
Sun, 09 Aug 2026	₩426.1t	₩431.6t	₩47.0t	12.5x	9.1x	1x
Tue, 07 Jul 2026	₩453.2t	₩438.1t	₩45.3t	14.3x	10x	1x
Thu, 04 Jun 2026	₩459.0t	₩391.9t	₩44.1t	18x	10.4x	1.2x
Sat, 02 May 2026	₩437.6t	₩403.9t	₩44.0t	22.4x	9.9x	1.1x
Mon, 30 Mar 2026	₩423.9t	₩354.0t	₩42.0t	28x	10.1x	1.2x
Wed, 25 Feb 2026	₩457.7t	₩341.3t	₩41.4t	36.3x	11.1x	1.3x
Fri, 23 Jan 2026	₩345.3t	₩371.0t	₩39.7t	25.1x	8.7x	0.9x
Sun, 21 Dec 2025	₩326.6t	₩371.0t	₩39.7t	29.3x	8.2x	0.9x
Tue, 18 Nov 2025	₩326.0t	₩341.6t	₩39.8t	43.5x	8.2x	1x
Thu, 16 Oct 2025	₩312.8t	₩361.3t	₩37.8t	43.8x	8.3x	0.9x
Sat, 13 Sep 2025	₩322.5t	₩361.3t	₩37.8t	43.8x	8.5x	0.9x
Mon, 11 Aug 2025	₩301.6t	₩332.1t	₩37.1t	19.2x	8.1x	0.9x
Wed, 09 Jul 2025	₩320.5t	₩334.2t	₩36.6t	10.2x	8.8x	1x
Fri, 06 Jun 2025	₩268.7t	₩319.5t	₩37.4t	9.4x	7.2x	0.8x
Sun, 04 May 2025	₩236.0t	₩320.0t	₩38.1t	8.1x	6.2x	0.7x
Tue, 01 Apr 2025	₩218.4t	₩301.3t	₩37.4t	7.3x	5.8x	0.7x
Thu, 27 Feb 2025	₩228.2t	₩299.0t	₩36.5t	6.7x	6.2x	0.8x
Sat, 25 Jan 2025	₩214.8t	₩304.8t	₩34.0t	6.3x	6.3x	0.7x
Mon, 23 Dec 2024	₩217.8t	₩319.0t	₩34.3t	7.1x	6.3x	0.7x
Wed, 20 Nov 2024	₩227.2t	₩297.8t	₩33.9t	7.5x	6.7x	0.8x
Fri, 18 Oct 2024	₩231.8t	₩313.4t	₩32.9t	7.8x	7x	0.7x
Sun, 15 Sep 2024	₩221.6t	₩313.4t	₩32.9t	7.6x	6.7x	0.7x
Tue, 13 Aug 2024	₩216.4t	₩301.0t	₩31.7t	8x	6.8x	0.7x
Thu, 11 Jul 2024	₩218.5t	₩307.3t	₩31.1t	8.8x	7x	0.7x
Sat, 08 Jun 2024	₩207.6t	₩307.0t	₩31.3t	8.5x	6.6x	0.7x
Mon, 06 May 2024	₩204.3t	₩313.0t	₩32.2t	8.7x	6.3x	0.7x
Wed, 03 Apr 2024	₩204.5t	₩327.8t	₩30.9t	8.5x	6.6x	0.6x
Fri, 01 Mar 2024	₩208.5t	₩395.6t	₩32.1t	10.2x	6.5x	0.5x
Sun, 28 Jan 2024	₩188.4t	₩465.6t	₩33.2t	15.2x	5.7x	0.4x
Tue, 26 Dec 2023	₩186.7t	₩465.6t	₩33.2t	15.1x	5.6x	0.4x
Thu, 23 Nov 2023	₩182.8t	₩465.6t	₩34.4t	15.3x	5.3x	0.4x
Sat, 21 Oct 2023	₩180.2t	₩446.8t	₩32.6t	15.3x	5.5x	0.4x
Mon, 18 Sep 2023	₩187.6t	₩446.8t	₩32.6t	15.6x	5.7x	0.4x
Wed, 16 Aug 2023	₩174.9t	₩496.9t	₩34.1t	14.1x	5.1x	0.4x

Current Industry PE

Investors are optimistic on the South Korean Financials industry, and appear confident in long term growth rates.

The industry is trading at a PE ratio of 9.1x which is higher than its 3-year average PE of 7.4x.

The industry is trading close to its 3-year average PS ratio of 0.77x.

Past Earnings Growth

The earnings for companies in the Financials industry have grown 11% per year over the last three years.
Meanwhile revenues for these companies have declined 4.6% per year.
This means that less sales are being generated overall, but since cost of doing business is lower, profits have been increasing.

Industry Trends

Which industries have driven the changes within the South Korean Financials sector?


KR Market	-4.20%
Financials	1.14%
Banks	5.30%
Consumer Finance	1.74%
Diversified Financial	1.42%
Mortgage Finance	0%	0
Capital Markets	-2.92%
Insurance	-4.28%

Industry PE

Investors are most optimistic about the Diversified Financial industry, which is trading close to its 3-year average PE ratio of 11.5x.

Analysts are expecting annual earnings growth of 13.9%, which is lower than the prior year's growth of 26.2% per year.

Investors are most pessimistic about the Capital Markets industry, which is trading below its 3-year average of 8.9x.

Forecasted Growth

Analysts are most optimistic on the Diversified Financial industry, expecting annual earnings growth of 14% over the next 5 years.
However this is lower than its past earnings growth rate of 26% per year.

In contrast, the Capital Markets industry is expected to see its earnings growth to stay flat over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

Company	Last Price	7D	1Y	Valuation
A055550 Shinhan Financial Group	₩110.00k	9.2% +₩4.4t	59.0%	PB0.9x
A105560 KB Financial Group	₩175.80k	4.3% +₩2.6t	54.9%	PB1x
A086790 Hana Financial Group	₩134.70k	7.4% +₩2.5t	58.7%	PB0.8x
A316140 Woori Financial Group	₩34.80k	3.6% +₩877.2b	38.1%	PB0.7x
A000810 Samsung Fire & Marine Insurance	₩645.00k	2.1% +₩552.6b	48.8%	PE14.6x

Company

Last Price

Valuation

A055550 Shinhan Financial Group

₩110.00k

9.2%
+₩4.4t

59.0%

PB0.9x

A105560 KB Financial Group

₩175.80k

4.3%
+₩2.6t

54.9%

PB1x

A086790 Hana Financial Group

₩134.70k

7.4%
+₩2.5t

58.7%

PB0.8x

A316140 Woori Financial Group

₩34.80k

3.6%
+₩877.2b

38.1%

PB0.7x

A000810 Samsung Fire & Marine Insurance

₩645.00k

2.1%
+₩552.6b

48.8%

PE14.6x

DB Insurance Co., Ltd. (KOSE:A005830) completed the acquisition of The Fortegra Group, Inc. from Tiptree Holdings LLC, Warburg Pincus LLC and others.

DB Insurance Co., Ltd. (KOSE:A005830) signed an agreement to acquire The Fortegra Group, Inc. from Tiptree Holdings LLC, Warburg Pincus LLC and others for approximately $1.7 billion on September 25, 2025. As part of the acquisition, DB Insurance Co., Ltd will acquire 100% of the outstanding shares of The Fortegra Group, Inc. The consideration of approximately $1.65 billion (approximately KRW 2.3 trillion) will be paid in cash. The transaction will be funded in cash with internal resources from DB Insurance. Sell side termination fee is $49.5 million. For the period ending December 31, 2024, The Fortegra Group, Inc. reported net income of $140 million (KRW 200 billion) and gross written premiums of $3.07 billion (KRW 4.4 trillion). The acquisition is subject to receipt of Tiptree stockholder approval, required regulatory approvals, Fortegra stockholder approval, regulatory approval, including certain Form A filings and other insurance regulatory approvals in certain foreign jurisdictions, clearance by the Committee on Foreign Investment in the United States and the expiration or termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 and other customary closing conditions and is expected to close in mid-2026. As on November 17, 2025, Veradace urges shareholders to vote AGAINST the transaction at the Tiptree Special Meeting of Stockholders scheduled for December 3, 2025. As on December 3, 2025, the transaction has been approved by Tiptree shareholders. As of April 2, 2026, the transaction received approval from the financial authorities. For the final completion of the transaction, additional procedures are required, including the acceptance of the foreign direct investment filing and approval of the change in control from the financial authorities in the United States and other countries. The final closing is expected to take place within the first half of 2026. On April 28, 2026, Tiptree, The Fortegra Group, and DB Insurance Co. entered into a First Amendment to the Agreement and Plan of Merger, which amended the transaction by removing the requirement to obtain approval from the New York State Department of Financial Services for the acquisition of South Bay Acceptance Corp. and instead requiring Fortegra to use reasonable best efforts to cause South Bay Acceptance Corp. to surrender its New York premium finance agency license by May 5, 2026. The parties expect to consummate the Merger on May 29, 2026, subject to the satisfaction of remaining customary closing conditions. Barclays Capital Inc. acted as financial advisor to The Fortegra Group, Inc. Fortegra paid Barclays a fee of $3 million upon the delivery of Barclays’ opinion. Additional compensation of $9 million will be payable by Fortegra on completion of the Merger. BofA Securities, Inc. acted as financial advisor to The Fortegra Group, Inc. Fortegra has agreed to pay BofA Securities for its services in connection with the Merger an aggregate fee of $9 million. Goldman Sachs & Co. LLC acted as financial advisor to DB Insurance Co., Ltd. Suni Sreepada, Jackie Cohen, Michael R. Littenberg, David H. Saltzman, Ama A. Adams, Renata J. Ferrari, Kyle Higley, Jordan Altman and Kelly Finn of Ropes & Gray LLP acted as legal advisor to The Fortegra Group, Inc. and Tiptree Holdings LLC. Michael D. Devins, Andrew R. Holland and Kelly M. Dybala of Sidley Austin LLP acted as legal advisor to The Fortegra Group, Inc. Gary Boss, Kirsten Gaeta, Andrew Elken, Andrew Moosmann, Diona Narae Park, Regina Jinseo Kim, Alexander Traum, Tim Scott, Eric Kamerman and Megan Alessi of Latham & Watkins LLP acted as legal advisor to DB Insurance Co., Ltd. Broadridge Corporate Issuer Solutions, Inc. acted as transfer agent to Tiptree Holdings LLC. Sodali & Co. acted as proxy solicitor to Tiptree Holdings LLC. Tiptree will pay Sodali & Co a fee of $25,000. DB Insurance Co., Ltd. (KOSE:A005830) completed the acquisition of The Fortegra Group, Inc. from Tiptree Holdings LLC, Warburg Pincus LLC and others on May 29, 2026.

South Korean (KOSPI) Financials Sector Analysis

Sector Valuation and Performance

Industry Trends

Top Stock Gainers and Losers

Latest News

New major risk - Revenue and earnings growth

A323410: Adjusted Margins And P/E Assumptions Will Keep Shares Fairly Priced

A000810: Stronger Profit Margins And Conservative P/E Will Support Undervalued Shares

A377300: Higher Margin And Revenue Assumptions Will Support An Undervalued Share Price

A055550: Future Buybacks Will Support Stronger Shareholder Returns

A086790: Ongoing Share Buybacks Will Support Higher Future Earnings Multiple

Consensus EPS estimates increase by 12%

Mirae Asset Securities Co., Ltd. to Report Q2, 2026 Results on Aug 12, 2026

Upcoming dividend of ₩314 per share

New minor risk - Share price stability

Second quarter 2026 earnings released: EPS: ₩1,305 (vs ₩1,226 in 2Q 2025)

Investor sentiment deteriorates as stock falls 15%

Meritz Financial Group Inc. to Report Q2, 2026 Results on Aug 12, 2026

A105560: Future Shareholder Returns Will Rise Through Buybacks And Higher Expected P/E

Second quarter 2026 earnings released: EPS: ₩1,307 (vs ₩745 in 2Q 2025)

DB Insurance Co., Ltd. (KOSE:A005830) completed the acquisition of The Fortegra Group, Inc. from Tiptree Holdings LLC, Warburg Pincus LLC and others.