• Samsung trades on just 6x expected earnings, compared with 24x for the 13 other companies worth more than a trillion dollars
• After Nvidia, it boasts the highest net income in this group
• It is possible to buy South Korean chip-maker SK Hynix on an even cheaper valuation than Samsung if you invest via its holding company

There’s a new member of the trillion-dollar club for listed companies. Its valuation looks questionable. But to my mind it represents outstanding value and has the potential to make investors a solid return. Suffice to say I’m not talking about SpaceX. 

With all the coverage about Elon Musk’s SpaceX IPO and its intergalactic valuation, you may not have noticed when Samsung quietly entered the club through a side door a few weeks ago. 

It has risen strongly on the back of the surge in semiconductor earnings and now joins an exclusive group of 13 other companies which includes Apple, Alphabet, Amazon, Broadcom, Berkshire Hathaway, Eli Lilly, Meta, Microsoft, Nvidia, TSMC, Saudi Aramco, Tesla and – another recent entrant – South Korean chip maker SK Hynix.