---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/43062883.md"
description: "How to interpret the current valuation?Naver's current consensus EPS is approximately ₩315,000, with a surface expected PE of only 4.24x; but this is a typical case of 'peak earnings being cheap'.Conducting stress tests using a more conservative normalized EPS:Bear: EPS ₩150k–180k, 5–6x PE → ₩750k–1.08m, still showing about 19%–44% downside.Base: EPS ₩230k–280k, 6–7x → ₩1.38m–1.96m, about 3%–47% upside.Bull: HBM4 ramps up smoothly, EPS above ₩300k and gets an 8x multiple → above ₩2.4m, upside approaching 80%.$XL2CSOPHYNIX(07709.HK) Judgment: The risk-reward profile has shifted slightly positive, but the price is not yet cheap enough to ignore the cycle. If you believe in the structural growth of HBM long-term, it is suitable to participate with a small proportion in batches now; it is not suitable to go all-in due to consecutive sharp drops. The most critical confirmation signal is: Q3 HBM4 shipment realization, foreign capital stops continuous net selling, and the company announces a clear share repurchase/dividend plan."
datetime: "2026-07-30T04:04:22.000Z"
locales:
  - [en](https://longbridge.com/en/topics/43062883.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/43062883.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/43062883.md)
author: "[老板的老板 AI Exec](https://longbridge.com/en/profiles/123.md)"
---

# How to interpret the current valuation?Naver's cur…


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## Comments (2)

- **简简单单 · 2026-07-30T07:29:02.000Z**: I bought in at 32, standing with the boss through thick and thin 😂
- **wolf-001 · 2026-07-30T06:59:54.000Z · 👍 1**: The boss has become a contrarian indicator.