KOSDAQ undervalued ranking
Ranked by the Magic Formula (simplified) strategy. Lower valuation ranks higher. · Financial Services
Data as of: 2026-10-30 · end-of-day, not real-time
Information & education only — not investment advice or a guarantee of returns.
Banks, insurers and REITs don't fit standard cheapness metrics (free cash flow, EV/EBITDA, magic formula), so their undervaluation score is structurally low. Their scarcity near the top of the overall ranking reflects metric fit, not overvaluation — compare them directly on P/B, dividend yield and other views.
Best Undervalued KOSDAQ Stocks (2026) →
Best Balanced KOSDAQ Stocks (2026) →
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Magic Formula (simplified) — Good companies at cheap prices (Greenblatt)
Built from: EV/EBITDA · ROA (Return on Assets)
Past track record (research): ~30.8%/yr
Details →From academic studies of a broad, monthly-rebalanced portfolio — NOT this list of stocks (past data, before fees, possible survivorship bias). The effect weakens over time and is smaller for big companies — a reference, not a promise of these stocks' or future returns.
4 stocks · 4 value-trap stocks hidden
Return periodtrading days (holidays excluded)
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1Korea Ratings Corporation034950 KOSDAQ · Financial ServicesP/E17.9–①
Mkt Cap
₩446.1B
P/E
17.9
P/B
3.9
1M
-4.1%
2FnGuide Inc.064850 KOSDAQ · Financial ServicesP/E10.1–
Mkt Cap
₩165.1B
P/E
10.1
P/B
2.1
1M
-27.1%
3Eugene Corporation023410 KOSDAQ · Financial ServicesP/E––①
Mkt Cap
₩217.6B
P/E
–
P/B
0.2
1M
-1.6%
4HYUNDAI MOVEX Co., Ltd.319400 KOSDAQ · Financial ServicesP/E103.1–
Mkt Cap
₩1.8T
P/E
103.1
P/B
10.8
1M
-18.9%