NHN, 순이익 돌아오자 PBR도 뛰었다…1배 회복 시험대

NHN's return to net profit profitability drove ROE recovery from negative to 4.02%, translating into improved stock valuation with PBR rising from 0.38x to 0.78x. While this demonstrates market recognition of capital value, achieving PBR 1.0x requires proven cash generation from core operations and sustainable earnings. NHN's AI GPU expansion and stablecoin market entry are critical strategies for simultaneous revenue growth and profitability improvement.