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Games Workshop Group PLC GAW.L

GB · London Stock Exchange · XLON · stock · Consumer Cyclical · website

Games Workshop Group PLC statistics & valuation

P / E30.7×
P / S9.6×
P / B18.8×
P / FCF28.9×
Net margin31.2%
FCF margin33.1%
Net cash£126.9M
Enterprise value USD$8.4B
Earnings yield EBIT/EV4.4%
Return on capital70.9%
Graham number -99.8%£37.70

Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value (£37.70); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
28.60% 28.70% 31.80% 31.20% 2023202420252026
Gross margin (%)
68.30% 71.20% 72.10% 72.50% 2023202420252026
Operating margin (%)
36.20% 38.40% 42.30% 41.70% 2023202420252026
Return on equity (%)
57.30% 60.10% 69.80% 61.40% 2023202420252026
Shares outstanding
33.0M 33.0M 33.0M 33.0M 2023202420252026
Net debt (£)
-£40.3M -£60.4M -£87.4M -£126.9M 2023202420252026
Share buybacks (£)
2023202420252026
Return on assets (%)
41.20% 43.00% 51.20% 44.10% 2023202420252026
Free cash flow margin (%)
34.90% 31.10% 33.40% 33.10% 2023202420252026
Debt / equity (×)
0.21× 0.19× 0.16× 0.17× 2023202420252026
EPS (£)
£4.09 £4.58 £5.93 £6.22 2023202420252026

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

Games Workshop Group PLC trades at about 3069.9× earnings — above its 10-year norm (10-year range 2328.7×–3469.9×, median 2732.9×).

2328.7× 3469.9×

Shaded band = 10-year range (2328.7×–3469.9×); dot = today's 3069.9×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2026FY2025FY2024FY2023
Gross margin72.5%72.1%71.2%68.3%
Operating margin41.7%42.3%38.4%36.2%
Net margin31.2%31.8%28.7%28.6%
FCF margin33.1%33.4%31.1%34.9%
Return on assets44.1%51.2%43.0%41.2%
Return on equity61.4%69.8%60.1%57.3%
Debt / equity0.00×0.00×0.00×
Current ratio3.633.583.293.61

Computed from company filings · GB · as of 2025-05-31. Figures in GBP. Facts plus Stocktoria's own computed scores — not investment advice.