Gravity Co Ltd
Research Gravity Co Ltd (GRVY) on Bullrun: valuation model: 24.5% undervalued, market cap USD 507.76M, P/E 8.6. Explore financials, valuation history, model signals, and stock context.
Key Metrics
- TickerGRVY
- ExchangeNASDAQ
- CountrySouth Korea
- SectorCommunication Services
- IndustryElectronic Gaming & Multimedia
- CurrencyUSD
- Valuation signal24.5% undervalued
- Market capUSD 507.76M
- P/E8.6
- 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 24.5% undervalued; latest market cap is USD 507.76M; P/E is 8.6.
Peer valuation comparison
Latest P/E is 8.59x versus a Communication Services sector median of 16.43x (47.7% below).
Latest P/E is 8.59x versus a South Korea median of 10.36x (17.1% 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 | n/a | 35.0% | 17645 | KRW 203.60B | n/a | KRW 636.86B |
| FY2024 | KRW 500.85B | KRW 84.92B | n/a | 38.7% | n/a | KRW 228.90B | n/a | KRW 567.67B |
| FY2023 | n/a | n/a | n/a | n/a | 34893 | KRW 184.08B | n/a | KRW 463.09B |
Valuation history
| Year | Snapshot date | Market cap | P/E | Dividend yield | Annual dividend/share |
|---|---|---|---|---|---|
| 2026 | 2026-08-25 | USD 507.76M | 8.6 | 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 24.5% undervalued.
What is Gravity Co Ltd's market cap?
Gravity Co Ltd's market capitalization is USD 507.76M.
What is Gravity Co Ltd's P/E ratio?
Gravity Co Ltd's price-to-earnings (P/E) ratio is 8.6.
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.