Gravity Co Ltd (GRVY)
NASDAQ:GRVY
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Gravity Co
(NASDAQ:GRVY)
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Rating:76Outperform
Price Target:
$69.00
▲(19.98% 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 effectively zero debt and steadily expanding equity provide durable financial flexibility. That low leverage supports multi-year investment in game development, global launches, and live operations, and cushions the company through gaming cycle volatility without refinancing risk.
Negative Factors
Revenue and earnings volatility
Sharp swings between a 2023 peak and a 2024 decline indicate lifecycle sensitivity to hit releases. This structural volatility complicates planning, capital allocation, and sustaining recurring monetization, raising execution risk for maintaining long-term growth.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free balance sheet
Gravity's effectively zero debt and steadily expanding equity provide durable financial flexibility. That low leverage supports multi-year investment in game development, global launches, and live operations, and cushions the company through gaming cycle volatility without refinancing risk.
Read all positive factors
Gravity Co (GRVY) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$434.17M
Dividend YieldN/A
Average Volume (3M)14.18K
Price to Earnings (P/E)8075.7
Beta (1Y)0.47
Revenue Growth10.48%
EPS Growth-8.78%
CountryUS
Employees414
SectorCommunication Services
Sector Strength97
IndustryElectronic Gaming & Multimedia
Share Statistics
EPS (TTM)11622.31
Shares Outstanding6,948,900
10 Day Avg. Volume12,990
30 Day Avg. Volume14,178
Financial Highlights & Ratios
PEG Ratio-0.44
Price to Book (P/B)0.91
Price to Sales (P/S)1.03
P/FCF Ratio7.62
Enterprise Value/Market Cap1.07K
Enterprise Value/Revenue1.82
Enterprise Value/Gross Profit4.79
Enterprise Value/Ebitda9.82
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. develops and publishes online and mobile games in South Korea, Taiwan, Thailand, and Japan. The company offers a massively multiplayer online role-playing game, including Ragnarok Online, Dragonica, Ragnarok Online II, and Ragnar...
How the Company Makes Money
Gravity primarily makes money by commercializing its game IP (especially the Ragnarok brand) through a mix of direct game operations and third-party publishing arrangements. A major revenue driver is in-game monetization from free-to-play titles (...
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 | 254.00B | 560.55B | 500.85B | 725.52B | 463.62B | 413.94B |
| Gross Profit | 96.59B | 196.28B | 193.94B | 240.56B | 196.25B | 189.76B |
| EBITDA | 47.14B | 102.04B | 115.72B | 176.52B | 117.07B | 105.73B |
| Net Income | 45.51B | 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
Neutral
57.51
Price Trends
62.15
Positive
63.17
Negative
61.89
Positive
Market Momentum
0.10
Positive
49.36
Neutral
27.74
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GRVY, the sentiment is Neutral. The current price of 57.51 is below the 20-day moving average (MA) of 62.43, below the 50-day MA of 62.15, and below the 200-day MA of 61.89, indicating a bullish trend. The MACD of 0.10 indicates Positive momentum. The RSI at 49.36 is Neutral, neither overbought nor oversold. The STOCH value of 27.74 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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 | $593.15M | 2.96 | 12.16% | ― | 9.99% | -2.49% | |
76 Outperform | $434.17M | 8,075.72 | 7.22% | ― | 10.48% | -8.78% | |
68 Neutral | $278.25M | 3.73 | -64.47% | 18.48% | ― | ― | |
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
51 Neutral | $60.63M | -1.40 | -15.65% | ― | -15.86% | -16.59% | |
48 Neutral | $134.07M | -0.94 | -55.16% | ― | 21.25% | -77.13% |
* Communication Services Sector Average
GRVY
Gravity Co
62.48
-0.88
-1.39%
NCTY
The9
5.31
-6.06
-53.30%
SKLZ
Skillz
8.59
2.20
34.43%
DDI
Doubledown Interactive Co
11.97
2.07
20.91%
GDEV
Nexters
15.33
-0.13
-0.84%
MYPS
PLAYSTUDIOS
0.47
-0.94
-66.52%
Gravity Co Corporate Events
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...
Gravity Co. Calls March 27 AGM as 2025 Revenue Rises but Profit Eases
Mar 6, 2026
Gravity Co., Ltd. has called its Annual General Meeting of Shareholders for March 27, 2026, in Seoul, inviting shareholders of record as of December 31, 2025. The AGM will review audit results, business and internal control reports for the 2025 fi...
Gravity Unveils Preliminary 4Q 2025 Results and Expands Ragnarok Game Lineup
Feb 13, 2026
On February 13, 2026, Gravity reported unaudited preliminary results showing fourth-quarter 2025 revenue of KRW 113 billion and operating profit of KRW 12 billion, with revenue down 18.6% quarter-on-quarter and 12.9% year-on-year due mainly to wea...
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.