Shinhan Financial Group Co. Ltd
Research Shinhan Financial Group Co. Ltd (SHG) on Bullrun: valuation model: 2.5% overvalued, market cap USD 35.45B, P/E 10.1. Explore financials, valuation history, model signals, and stock context.
Key Metrics
- TickerSHG
- ExchangeNYSE
- CountrySouth Korea
- SectorFinancial Services
- IndustryBanks-Regional
- CurrencyUSD
- Valuation signal2.5% overvalued
- Market capUSD 35.45B
- P/E10.1
- Financial periodQ2 2026
- RevenueKRW 5.12T
- Net incomeKRW 1.82T
- Free cash flowKRW 922.44B
Valuation Snapshot
Bullrun's latest valuation model marks Shinhan Financial Group Co. Ltd as 2.5% overvalued; latest market cap is USD 35.45B; P/E is 10.1.
Peer valuation comparison
Latest P/E is 10.09x versus a Financial Services sector median of 13.39x (24.6% below).
Latest P/E is 10.09x versus a South Korea median of 9.27x (8.9% above).
Five-year financial history
| Year | Revenue | Net income | Free cash flow | Gross margin | Diluted EPS | Cash | Total debt | Equity |
|---|---|---|---|---|---|---|---|---|
| FY2025 | KRW 18.39T | KRW 4.97T | KRW 9.09T | n/a | 9812 | KRW 41.39T | KRW 141.59T | KRW 57.96T |
| FY2024 | KRW 17.57T | KRW 4.45T | KRW 3.85T | n/a | 8441 | KRW 41.67T | KRW 138.72T | KRW 56.05T |
| FY2023 | KRW 17.10T | KRW 4.37T | -KRW 186.39B | n/a | 8048 | KRW 35.77T | KRW 126.47T | KRW 53.72T |
| FY2022 | KRW 15.07T | KRW 4.67T | KRW 6.25T | n/a | 9123.81 | KRW 31.07T | KRW 119.17T | KRW 50.73T |
Valuation history
| Year | Snapshot date | Market cap | P/E | Dividend yield | Annual dividend/share |
|---|---|---|---|---|---|
| 2026 | 2026-10-09 | USD 35.45B | 10.1 | n/a | n/a |
| 2025 | 2025-12-31 | USD 25.59B | 7.8 | n/a | n/a |
| 2024 | 2024-12-31 | USD 16.40B | 5.3 | 1.2% | 0.4 |
| 2023 | 2023-12-29 | USD 15.78B | 5.2 | n/a | n/a |
| 2022 | 2022-12-30 | USD 14.21B | 4.0 | n/a | n/a |
| 2021 | 2021-12-31 | USD 15.97B | 4.8 | n/a | n/a |
Dividend history
| Year | Dividends/share |
|---|---|
| FY2024 | 0.4 KRW |
About Shinhan Financial Group Co. Ltd
Shinhan Financial Group Co., Ltd. provides financial products and services in South Korea and overseas. It offers credit, lending and receiving deposits; credit cards, short-term and long-term card loan services, installment financing, and leases; securities trading, consignment trading, and underwriting; life and non-life insurance business; facility rental and new technology business financing; and real estate trust, investment advisory services, venture business investment, and other businesses.
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Frequently asked questions
Is Shinhan Financial Group Co. Ltd overvalued or undervalued?
Bullrun's valuation model currently marks Shinhan Financial Group Co. Ltd as 2.5% overvalued.
What is Shinhan Financial Group Co. Ltd's market cap?
Shinhan Financial Group Co. Ltd's market capitalization is USD 35.45B.
What is Shinhan Financial Group Co. Ltd's P/E ratio?
Shinhan Financial Group Co. Ltd's price-to-earnings (P/E) ratio is 10.1.
What does Shinhan Financial Group Co. Ltd do?
Shinhan Financial Group Co., Ltd. provides financial products and services in South Korea and overseas. It offers credit, lending and receiving deposits; credit cards, short-term and long-term card loan services, installment financing, and leases; securities trading, consignment trading, and underwriting; life and non-life insurance business; facility rental and new technology business financing; and real estate trust, investment advisory services, venture business investment, and other businesses. Shinhan Financial Group Co., Ltd. was founded in 1982 and is based in Seoul, South Korea.