--- title: "The target price applies the past 3-year average P/E band of 11.9x and 12-month forward EPS of… — 현대차증권 — DecisionGateway" description: "statement by 현대차증권, recorded recently — verbatim quote and source citation." canonical_url: "https://dgw.tmarket.io/claims/01a1d93d-7719-700c-8dc5-07d1ef2f2eef" meta: "og:description": "statement by 현대차증권, recorded recently — verbatim quote and source citation." "og:image": "https://dgw.tmarket.io/og.jpg" "og:image:alt": "White network of connected nodes crossed by a timeline on black" "og:image:height": "1024" "og:image:width": "1024" "og:title": "The target price applies the past 3-year average P/E band of 11.9x and 12-month forward EPS of… — 현대차증권 — DecisionGateway" "twitter:image": "https://dgw.tmarket.io/og.jpg" --- > Index of every page on this site: [llms.txt](https://dgw.tmarket.io/llms.txt) statement # **The target price applies the past 3-year average P/E band of 11.9x and 12-month forward EPS of 4,695 KRW (previously 4,885 KRW), considering entry into the Physical AI value chain including robotaxi and robotics actuators.** A statement by [**현대차증권**](https://dgw.tmarket.io/actors/01a1d932-6310-7a5a-b231-0d6923a65b47). Statements are as reported by the cited publishers — not verified by DecisionGateway. > *과거 3년 P/E 밴드 평균(11.9배)과 12개월 선행 예상 EPS 4,695원(기존 4,885원) 적용* hmsecresearchPublished 2026-11-01 [ Read source](https://t.me/hmsecresearch/6148) [**현대차증권 dossier **](https://dgw.tmarket.io/actors/01a1d932-6310-7a5a-b231-0d6923a65b47) ## **Discussion** ## **Related claims** [**The high Target P/E is justified by the possibility of escaping two years of losses, shareholder returns and additional M&A using about 9천억 cash, and the arrival of a major new-title cycle, but full transition to a profit-growth phase in 28년 is needed to justify it.**현대차증권 인터넷/게임 최승호 · prediction](https://dgw.tmarket.io/claims/01a1d940-b9db-7766-a9ea-d9a133d06985) [**The target price is cut to KRW 370,000 (Buy maintained), derived by applying a target P/B of 1.1 to 12M forward BPS (sustainable ROE 15.3%, COE 13.5%), with sustainable ROE lowered to reflect reduced earnings estimates from a lower average daily trading value forecast.**현대차증권 증권 김성훈 · statement](https://dgw.tmarket.io/claims/01a1d937-f53f-735b-ae13-5b574e1f65fb) [**The target price is raised to 15,000원 from 13,000원 on higher earnings estimates, maintaining the stock as top trading pick and keeping the Target P/E of 25x.**현대차증권 인터넷/게임 최승호 · commitment](https://dgw.tmarket.io/claims/01a1d940-b9b7-7fcc-b1af-5a38a8f81fc6) [**The investment opinion BUY is maintained with a target price of 70,000 KRW, applying a Target P/E of 8.7x to 2028F EPS of 8,158 KRW.**현대차증권 조선/방산 백주호 · commitment](https://dgw.tmarket.io/claims/01a1d939-d05f-7854-a9d2-e5908bc8415b) [**The price target implies an upside of nearly 38% from Tuesday’s closing price of Rs 4,025.**thefinancialexpressonline · statement](https://dgw.tmarket.io/claims/01a1ca51-8615-718b-bb5a-601f974982da) [**27F EPS 5,001원에 Target Multiple 13.4배(글로벌 Peer Group인 Camtek, Onto Innovation의 평균 Multiple 대비 20% Discount) 적용하여 목표주가 산출.**김종배 · statement](https://dgw.tmarket.io/claims/01a1d94f-9ed4-7295-95fe-7f9ea7bd6ee5) ## **More claims by 현대차증권** [**The next-generation platform order from a US EV OEM expected in 3Q has slipped to early 2027, and 3rd-generation humanoid robot mass production may be delayed versus the 2028 guidance.**prediction](https://dgw.tmarket.io/claims/01a1d93d-7771-7fe8-8ff2-0b8086d02659) [**2026 guidance targets revenue of 9.6 trillion KRW (+1.8%) and an OPM in the low 4% range, with the 2026 order target set at 13.0 trillion KRW (2025 orders 11.9 trillion KRW).**statement](https://dgw.tmarket.io/claims/01a1d93d-775f-7d3f-bf5d-352fa558d17a) [**Cumulative 3Q26 new orders reached 7.6 trillion KRW, 56% of the annual target, with electrified components at 76% of the mix.**statement](https://dgw.tmarket.io/claims/01a1d93d-774a-73e0-a9fa-ea798ac0b6ab) [**3Q26 revenue was 2.3 trillion KRW (-0.0% yoy, -7.0% qoq) and net profit attributable to owners was -47.1 billion KRW (turn to loss yoy and qoq).**statement](https://dgw.tmarket.io/claims/01a1d93d-772b-7a46-a36e-111d93942be1) [**Investment opinion BUY maintained; target price lowered 8.5% to 54,000 KRW.**statement](https://dgw.tmarket.io/claims/01a1d93d-770b-7433-bbff-f1c80020af83) [All claims by 현대차증권](https://dgw.tmarket.io/claims?claimant_id=01a1d932-6310-7a5a-b231-0d6923a65b47) [All claims](https://dgw.tmarket.io/claims) ```json {"@context":"https://schema.org","@graph":[{"@id":"https://dgw.tmarket.io/#website","@type":"WebSite","description":"Decisions, events and falsifiable forecasts from 4,000+ Telegram channels — every claim cited. 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