Gravity Co Ltd
Research Gravity Co Ltd (GRVY) on Bullrun: valuation model: 39.1% undervalued, market cap USD 464.67M, P/E 7.9. Explore financials, valuation history, model signals, and stock context.
Key Metrics
- TickerGRVY
- ExchangeNASDAQ
- CountrySouth Korea
- SectorCommunication Services
- IndustryElectronic Gaming & Multimedia
- CurrencyUSD
- Valuation signal39.1% undervalued
- Market capUSD 464.67M
- P/E7.9
- Financial periodQ2 2026
- RevenueKRW 161.88B
- Net incomeKRW 24.34B
- Gross margin32.3%
Valuation Snapshot
Bullrun's latest valuation model marks Gravity Co Ltd as 39.1% undervalued; latest market cap is USD 464.67M; P/E is 7.9.
Peer valuation comparison
Latest P/E is 7.86x versus a Communication Services sector median of 16.24x (51.6% below).
Latest P/E is 7.86x versus a South Korea median of 9.27x (15.2% below).
Five-year financial history
| Year | Revenue | Net income | Free cash flow | Gross margin | Diluted EPS | Cash | Total debt | Equity |
|---|---|---|---|---|---|---|---|---|
| FY2025 | KRW 560.55B | KRW 67.46B | KRW 69.77B | 35.0% | 9709 | KRW 203.60B | n/a | KRW 636.86B |
| FY2024 | KRW 500.85B | KRW 84.92B | KRW 73.79B | 38.7% | 12221 | KRW 228.90B | n/a | KRW 567.67B |
| FY2023 | KRW 725.52B | KRW 132.02B | KRW 126.63B | 33.2% | 18999 | KRW 184.08B | n/a | KRW 463.09B |
| FY2022 | KRW 463.62B | KRW 83.16B | KRW 95.48B | 42.3% | 11968 | KRW 169.88B | n/a | KRW 329.53B |
Valuation history
| Year | Snapshot date | Market cap | P/E | Dividend yield | Annual dividend/share |
|---|---|---|---|---|---|
| 2026 | 2026-10-09 | USD 464.67M | 7.9 | n/a | n/a |
| 2025 | 2025-12-31 | USD 402.13M | 8.5 | n/a | n/a |
| 2024 | 2024-12-31 | USD 438.55M | 7.0 | n/a | n/a |
| 2023 | 2023-12-29 | USD 483.37M | 4.4 | n/a | n/a |
| 2022 | 2022-12-30 | USD 280.18M | 6.9 | n/a | n/a |
| 2021 | 2021-12-31 | USD 473.36M | 8.1 | n/a | n/a |
About Gravity Co Ltd
Gravity Co., Ltd. develops and publishes online and mobile games worldwide. It offers massively multiplayer online role-playing games, including Ragnarok Online, Dragonica, Requiem Online, R.O.S.E. Online, Ragnarok Online II, and Ragnarok Landverse, as well as character-based merchandise and animation. Its mobile games portfolio includes Ragnarok M; Eternal Love; Ragnarok Origin; Ragnarok X: Next Generation; Ragnarok Arena; WITH ISLAND; the Labyrinth of Ragnarok; Ragnarok Poring; Tera Classic; NBA: Rise To Stardom;
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Frequently asked questions
Is Gravity Co Ltd overvalued or undervalued?
Bullrun's valuation model currently marks Gravity Co Ltd as 39.1% undervalued.
What is Gravity Co Ltd's market cap?
Gravity Co Ltd's market capitalization is USD 464.67M.
What is Gravity Co Ltd's P/E ratio?
Gravity Co Ltd's price-to-earnings (P/E) ratio is 7.9.
What does Gravity Co Ltd do?
Gravity Co., Ltd. develops and publishes online and mobile games worldwide. It offers massively multiplayer online role-playing games, including Ragnarok Online, Dragonica, Requiem Online, R.O.S.E. Online, Ragnarok Online II, and Ragnarok Landverse, as well as character-based merchandise and animation.