Shares of SHG traded higher by 2.87% or $2.07/share to $74.23. Shinhan Financial Group Co. Ltd. is trading at a price to book ratio of 0.76. This indicates that the value of the company's underlying assets exceeds today's market price. The PEG is 0.49 suggesting that the shares are trading at an excellent value relative to firm's growth rate. The price to sales ratio came in at 0.76. Hence, the firm is extremely cheap relative to its top line sales figures. On average, 60432 shares of SHG exchange hands on a given day and today's volume is recorded at 25362. These financial metrics combined make this company seem undervalued. Value investors may have an eye on this one, especially if the stock gets cheaper.
Shinhan Financial Group Co., Ltd. is a Korea-based financial holding company engaged in the management of subsidiaries.
