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Gravity Co
(NASDAQ:GRVY)
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Rating:76Outperform
Price Target:
$79.00
▲(37.37% Upside)
Action:Reiterated
Date:03/29/26
The score is driven mainly by strong financial quality (debt-free balance sheet and solid cash generation) and supportive valuation (low P/E). These positives are partially offset by weaker technical signals, with negative MACD and price trading below key short-term moving averages.
Positive Factors
Debt-free balance sheet
Gravity's near-zero debt and steadily expanding equity provide durable financial resilience and strategic optionality. Low leverage reduces default and refinancing risk, supports consistent capital returns or M&A funding, and preserves flexibility to invest in new titles or regional expansion over the next several quarters.
Negative Factors
Revenue and earnings volatility
Sharp swings in revenue and earnings reduce predictability of future cash flows and complicate capacity planning for live-ops and marketing. Volatility weakens clarity on sustainable growth trends and makes multi-quarter forecasting for investment and payout policies less reliable for stakeholders.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free balance sheet
Gravity's near-zero debt and steadily expanding equity provide durable financial resilience and strategic optionality. Low leverage reduces default and refinancing risk, supports consistent capital returns or M&A funding, and preserves flexibility to invest in new titles or regional expansion over the next several quarters.
Read all positive factors
Gravity Co (GRVY) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$455.71M
Dividend YieldN/A
Average Volume (3M)14.18K
Price to Earnings (P/E)11.4
Beta (1Y)0.50
Revenue Growth10.48%
EPS Growth-8.78%
CountryUS
Employees414
SectorCommunication Services
Sector Strength97
IndustryElectronic Gaming & Multimedia
Share Statistics
EPS (TTM)10090.00
Shares Outstanding6,948,900
10 Day Avg. Volume12,990
30 Day Avg. Volume14,178
Financial Highlights & Ratios
PEG Ratio-0.43
Price to Book (P/B)0.91
Price to Sales (P/S)1.03
P/FCF Ratio7.62
Enterprise Value/Market Cap889.09
Enterprise Value/Revenue0.86
Enterprise Value/Gross Profit2.36
Enterprise Value/Ebitda4.63
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Gravity Co Business Overview & Revenue Model
Company Description
Gravity Co., Ltd. is a South Korea-based entity specializing in the development and publication of digital entertainment, with a primary focus on online and mobile games. The company's reach extends to markets in Taiwan, Thailand, and Japan. Its c...
How the Company Makes Money
Gravity primarily makes money by monetizing its game portfolio through (1) live game operations and in-game spending and (2) licensing/publishing arrangements tied largely to the Ragnarok intellectual property. A major revenue stream comes from op...
Gravity Co Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
92
Very Positive
Cash Flow
83
Very Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 470.31B | 560.55B | 500.85B | 725.52B | 463.62B | 413.94B |
| Gross Profit | 171.44B | 196.28B | 193.94B | 240.56B | 196.25B | 189.76B |
| EBITDA | 87.46B | 102.04B | 115.72B | 176.52B | 117.07B | 105.73B |
| Net Income | 70.12B | 67.46B | 84.92B | 132.02B | 83.16B | 65.95B |
Balance Sheet | ||||||
| Total Assets | 722.45B | 742.63B | 686.46B | 578.18B | 444.09B | 327.53B |
| Cash, Cash Equivalents and Short-Term Investments | 581.60B | 618.61B | 559.80B | 465.74B | 340.25B | 247.70B |
| Total Debt | 3.65B | 0.00 | 0.00 | 0.00 | 0.00 | 5.12B |
| Total Liabilities | 126.05B | 105.29B | 118.10B | 114.45B | 113.91B | 80.69B |
| Stockholders Equity | 595.75B | 636.83B | 567.67B | 463.09B | 329.53B | 246.07B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 76.05B | 73.79B | 126.63B | 95.48B | 69.97B |
| Operating Cash Flow | 0.00 | 77.12B | 78.56B | 132.43B | 98.28B | 74.18B |
| Investing Cash Flow | 0.00 | -97.96B | -47.03B | -116.58B | -22.34B | -82.47B |
| Financing Cash Flow | 0.00 | -4.58B | -4.64B | -4.08B | -3.92B | -3.31B |
Gravity Co Technical Analysis
Positive
57.51
Price Trends
62.64
Positive
62.88
Positive
61.61
Positive
Market Momentum
1.50
Negative
55.46
Neutral
47.29
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GRVY, the sentiment is Positive. The current price of 57.51 is below the 20-day moving average (MA) of 62.33, below the 50-day MA of 62.64, and below the 200-day MA of 61.61, indicating a bullish trend. The MACD of 1.50 indicates Negative momentum. The RSI at 55.46 is Neutral, neither overbought nor oversold. The STOCH value of 47.29 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GRVY.
Gravity Co Risk Analysis
Gravity Co disclosed 28 risk factors in its most recent earnings report. Gravity Co reported the most risks in the "Ability to Sell" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Gravity Co Peers Comparison
UnderperformOutperform
Sector (60)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
85 Outperform | $569.37M | 5.00 | 12.16% | ― | 9.99% | -2.49% | |
76 Outperform | $455.71M | 11.42 | 5.14% | ― | 10.48% | -8.78% | |
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
58 Neutral | $80.52M | -2.22 | -15.65% | ― | -15.86% | -16.59% | |
54 Neutral | $220.35M | 3.07 | -60.77% | 18.48% | ― | ― |
* Communication Services Sector Average
GRVY
Gravity Co
65.58
1.48
2.31%
NCTY
The9
5.08
-3.79
-42.73%
DDI
Doubledown Interactive Co
11.49
1.78
18.33%
GDEV
Nexters
12.14
-4.21
-25.74%
MYPS
PLAYSTUDIOS
0.63
-0.59
-48.61%
Gravity Co Corporate Events
Gravity to Close Shareholder Register to Set Eligibility for 2026 Interim Dividend
Jun 18, 2026
Gravity Co., Ltd. announced on June 18, 2026, that it will close its shareholder register from July 1 to July 10, 2026, in order to determine the shareholders eligible to receive an interim dividend for fiscal year 2026, in line with its Articles ...
Gravity Posts Strong Q1 2026 Results and Expands Ragnarok Game Pipeline
May 8, 2026
Gravity reported strong unaudited results for the first quarter ended March 31, 2026, with total revenue rising 42.7% quarter-on-quarter and 17.8% year-on-year to KRW 161.9 billion, driven mainly by mobile titles such as Ragnarok: The New World an...
Gravity Co. Gains Clean Audit Opinion on 2025 and 2024 Korean IFRS Financials
Apr 10, 2026
Gravity Co., Ltd. has filed its April 2026 Form 6-K, announcing that Samil PricewaterhouseCoopers completed audits of the company’s consolidated and separate financial statements for the fiscal years ended December 31, 2025 and 2024. The aud...
Gravity Approves 2025 Accounts, Reshapes Leadership and Posts Double-Digit Revenue Growth
Mar 27, 2026
Gravity Co., Ltd. held its Annual General Meeting of Shareholders in Seoul on March 27, 2026, approving consolidated and separate financial statements for 2024 and 2025, reappointing ten directors and adding a new independent director, Yeong Ah Pa...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.