(GRVY) Gravity - Overview
Stock: MMORPG, Mobile, Console, Merchandise, Services
EPS (Earnings per Share)
Revenue
| Risk 5d forecast | |
|---|---|
| Volatility | 26.8% |
| Relative Tail Risk | -11.6% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 0.51 |
| Alpha | 6.50 |
| Character TTM | |
|---|---|
| Beta | 0.511 |
| Beta Downside | 0.387 |
| Drawdowns 3y | |
|---|---|
| Max DD | 38.93% |
| CAGR/Max DD | 0.38 |
Description: GRVY Gravity December 28, 2025
Gravity Co., Ltd. (NASDAQ: GRVY) creates and publishes a broad portfolio of online and mobile games, anchored by the long-running “Ragnarok” franchise (e.g., Ragnarok Online, Ragnarok M, Ragnarok Origin). Its catalogue spans MMO titles, mobile casual games, console releases for platforms such as Nintendo Switch and PlayStation, and even IPTV and merchandise lines, positioning the firm as a diversified interactive-entertainment studio headquartered in Seoul, South Korea.
In FY 2023 the company reported approximately $215 million in revenue, with mobile games contributing roughly 68 % of total sales-a pattern that mirrors the industry-wide shift toward free-to-play, in-app-purchase models. User-engagement metrics show an average monthly active user (MAU) base of about 12 million across its flagship titles, while the broader Asian mobile gaming market is projected to grow at a 9 % CAGR through 2027, providing a tailwind for Gravity’s expansion plans. Additionally, the firm’s exposure to currency fluctuations (KRW/USD) and reliance on third-party platform fees (e.g., Apple, Google) remain material risk factors.
For a deeper quantitative view, you might explore ValueRay’s analyst dashboard.
Piotroski VR‑10 (Strict, 0-10) 5.0
| Net Income: 78.25b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.10 > 0.02 and ΔFCF/TA -10.19 > 1.0 |
| NWC/Revenue: 103.3% < 20% (prev 101.6%; Δ 1.73% < -1%) |
| CFO/TA 0.11 > 3% & CFO 78.56b > Net Income 78.25b |
| Net Debt (-197.35b) to EBITDA (79.90b): -2.47 < 3 |
| Current Ratio: 6.87 > 1.5 & < 3 |
| Outstanding Shares: last quarter (6.95m) vs 12m ago 0.0% < -2% |
| Gross Margin: 35.68% > 18% (prev 0.37%; Δ 3531 % > 0.5%) |
| Asset Turnover: 85.13% > 50% (prev 80.82%; Δ 4.31% > 0%) |
| Interest Coverage Ratio: 2.51 > 6 (EBITDA TTM 79.90b / Interest Expense TTM 20.03b) |
Altman Z'' 10.00
| A: 0.82 (Total Current Assets 697.32b - Total Current Liabilities 101.44b) / Total Assets 730.85b |
| B: 0.78 (Retained Earnings 568.57b / Total Assets 730.85b) |
| C: 0.07 (EBIT TTM 50.35b / Avg Total Assets 677.59b) |
| D: 5.24 (Book Value of Equity 572.04b / Total Liabilities 109.25b) |
| Altman-Z'' Score: 13.88 = AAA |
Beneish M -3.10
| DSRI: 0.82 (Receivables 62.72b/66.86b, Revenue 576.82b/504.58b) |
| GMI: 1.03 (GM 35.68% / 36.73%) |
| AQI: 0.91 (AQ_t 0.03 / AQ_t-1 0.03) |
| SGI: 1.14 (Revenue 576.82b / 504.58b) |
| TATA: -0.00 (NI 78.25b - CFO 78.56b) / TA 730.85b) |
| Beneish M-Score: -3.10 (Cap -4..+1) = AA |
What is the price of GRVY shares?
Over the past week, the price has changed by +9.42%, over one month by +21.79%, over three months by +24.06% and over the past year by +15.31%.
Is GRVY a buy, sell or hold?
What are the forecasts/targets for the GRVY price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | - | - |
| Analysts Target Price | - | - |
| ValueRay Target Price | 76.4 | 5.8% |
GRVY Fundamental Data Overview February 02, 2026
P/E Trailing = 8.8586
P/S = 0.0009
P/B = 1.1033
Revenue TTM = 576.82b KRW
EBIT TTM = 50.35b KRW
EBITDA TTM = 79.90b KRW
Long Term Debt = unknown (none)
Short Term Debt = 3.18b KRW (from shortTermDebt, last fiscal year)
Debt = 7.12b KRW (from shortLongTermDebtTotal, last fiscal year)
Net Debt = -197.35b KRW (from netDebt column, last quarter)
Enterprise Value = 93.86b KRW (700.83b + Debt 7.12b - CCE 614.09b)
Interest Coverage Ratio = 2.51 (Ebit TTM 50.35b / Interest Expense TTM 20.03b)
EV/FCF = 1.27x (Enterprise Value 93.86b / FCF TTM 73.79b)
FCF Yield = 78.62% (FCF TTM 73.79b / Enterprise Value 93.86b)
FCF Margin = 12.79% (FCF TTM 73.79b / Revenue TTM 576.82b)
Net Margin = 13.57% (Net Income TTM 78.25b / Revenue TTM 576.82b)
Gross Margin = 35.68% ((Revenue TTM 576.82b - Cost of Revenue TTM 371.01b) / Revenue TTM)
Gross Margin QoQ = 36.25% (prev 33.23%)
Tobins Q-Ratio = 0.13 (Enterprise Value 93.86b / Total Assets 730.85b)
Interest Expense / Debt = 50.76% (Interest Expense 3.62b / Debt 7.12b)
Taxrate = 27.06% (7.36b / 27.21b)
NOPAT = 36.73b (EBIT 50.35b * (1 - 27.06%))
Current Ratio = 6.87 (Total Current Assets 697.32b / Total Current Liabilities 101.44b)
Debt / Equity = 0.01 (Debt 7.12b / totalStockholderEquity, last quarter 620.97b)
Debt / EBITDA = -2.47 (Net Debt -197.35b / EBITDA 79.90b)
Debt / FCF = -2.67 (Net Debt -197.35b / FCF TTM 73.79b)
Total Stockholder Equity = 593.70b (last 4 quarters mean from totalStockholderEquity)
RoA = 11.55% (Net Income 78.25b / Total Assets 730.85b)
RoE = 13.18% (Net Income TTM 78.25b / Total Stockholder Equity 593.70b)
RoCE = 8.00% (EBIT 50.35b / Capital Employed (Total Assets 730.85b - Current Liab 101.44b))
RoIC = 6.19% (NOPAT 36.73b / Invested Capital 593.70b)
WACC = 7.72% (E(700.83b)/V(707.95b) * Re(7.80%) + (debt cost/tax rate unavailable))
Discount Rate = 7.80% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.95%
Shares Correlation 3-Years: 81.65 | Cagr: 0.00%
[DCF Debug] Terminal Value 71.52% ; FCFF base≈94.93b ; Y1≈62.32b ; Y5≈28.43b
Fair Price DCF = 112.6k (EV 584.95b - Net Debt -197.35b = Equity 782.29b / Shares 6.95m; r=7.72% [WACC]; 5y FCF grow -40.0% → 2.90% )
[DCF Warning] FCF declining rapidly (-40.0%), DCF may be unreliable
EPS Correlation: 40.86 | EPS CAGR: 41.58% | SUE: N/A | # QB: 0
Revenue Correlation: 49.96 | Revenue CAGR: 10.17% | SUE: N/A | # QB: 0