
Key points
KOSPI semiconductor FY3 P/B vs forward 12-month return | Latest P/B ~0.7x, a historical trough that has mapped to stronger forward returns
Image source: @MikeZaccardi

KOSPI semiconductor FY3 P/B vs forward 12-month return | Latest P/B ~0.7x, a historical trough that has mapped to stronger forward returns
Image source: @MikeZaccardi