Bank of America: U.S. Memory Stock Valuations Have Already Shown Cyclical Bottom Characteristics; Market Worries Are Overblown
Source：
www.cls.cn
According to Cailian Press, a Bank of America research report states that following a roughly three-and-a-half-month deep correction, the valuation multiples for Samsung Electronics and SK Hynix have essentially bottomed out, with both companies' stock prices falling more than 50% from their June highs. Based on market consensus earnings forecasts for 2027 to 2028, Samsung's P/E ratio is approximately 2.8x to 3.0x, while SK Hynix's is around 2.3x to 2.7x. Their P/B ratios, calculated based on expected book value per share for 2028, have both dropped to 0.9x.
