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Posted by Susan-Han Tuesday, October 26, 2021

Both SM Entertainment & JYP Entertainment on the brink of surpassing 2 trillion KRW (~$1.7 billion USD) in total market value soon

AKP STAFF

According to Korea Exchange on October 27, SM Entertainment's stock price closed at 81,500 KRW (~ $70 USD) per share as of October 26, while JYP Entertainment's stock price closed at 53,100 KRW (~ $45.5 USD). 

Both companies saw a stock price increase of 8.81% (SM Entertainment) and 8.37% (JYP Entertainment), raising anticipation for the next re-opening. 

As of October 26, the total market value of SM Entertainment is 1.937 trillion KRW (~ $1.658 billion USD). The total market value of JYP Entertainment has reached 1.895 trillion KRW (~ $1,623 billion USD), meaning that both agencies are now on the brink of entering the 2 trillion KRW mark. 

So far, the only entertainment agency worth over 2 trillion KRW is HYBE Labels at 13.355 trillion KRW (~ $11.4 billion USD), making it one of South Korea top 30 highest market value companies on the KOSPI. On the other hand, YG Entertainment's current total market value is estimated at 1.375 trillion KRW (~ $1.177 billion USD). 

Should SM Entertainment surpass the 2 trillion KRW milestone by the end of 2021, it will be approximately 9 years after the company first surpassed the 1 trillion KRW milestone back in July of 2012. JYP Entertainment first surpassed the 1 trillion KRW milestone in August of 2018

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whisky23
whisky231,911 pts Tuesday, October 26, 2021 9
Tuesday, October 26, 2021

Well, the main reason SM's stock price is where it is at is because of CJ E&M's buyout offer that's increasing the stock price. It certainly isn't because of their financial track record the past two years. JYPE's stock has an actual P/E ratio because they've had actual earnings.

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Zxxx
Zxxx256 pts Wednesday, October 27, 2021 7
Wednesday, October 27, 2021

HYBE too OP !

The Power Of Legendary Group "BTS"

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