KG Eco Solution (151860): The 0.09x P/B Is an Illusion — Of KRW 3tn in Equity, Only KRW 1,458.9bn Belongs to Shareholders
More than half of KG Eco Solution’s consolidated equity is non-controlling interests. On the shareholders’ share, the P/B is 0.19x and the P/E 3.4x — and the past two weeks of group funding disclosures point away from an unwinding discount.
