BGF리테일, 역대급 실적에도 시장은 피크아웃 우려…PBR 3년째 하락

Despite achieving record earnings, BGF Retail faces investor skepticism as the domestic convenience store industry approaches market saturation. The company's PBR has collapsed from 3.78x in 2022 to 1.3x, reflecting concerns that growth cannot rely on store expansion alone in a maturing market. BGF is pursuing AI integration, global expansion, and increased dividends to overcome peak-out concerns and justify its valuation to investors.