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CD Projekt Valuation Multiples
Discover revenue and EBITDA valuation multiples for CD Projekt and similar public comparables like International Games System, Kingnet Network, Square Enix, Krafton and more.
CD Projekt Overview
About CD Projekt
CD Projekt SA is the holding company of CD Projekt capital group. The firm with its subsidiary develops and publishes videogames for hardware platforms such as Steam, PlayStation Store, Xbox Games Store, Nintendo, App Store, Humble Bundle, Origin, and its own proprietary GOG.com platform. It is also involved in international digital videogame distribution. The firm has CD Projekt Red and GOG.com segments. It derives the majority of its revenues from CD Projekt Red segment.
Founded
1994
HQ

Employees
634
Website
Sectors
Financials (LTM)
EV
$7B
Valuation Multiples
Start free trialCD Projekt Financials
CD Projekt reported last 12-month revenue of $242M and EBITDA of $130M.
In the same LTM period, CD Projekt generated $211M in gross profit, $130M in EBITDA, and $119M in net income.
Revenue (LTM)
CD Projekt P&L
In the most recent fiscal year, CD Projekt reported revenue of $274M and EBITDA of $125M.
CD Projekt is profitable as of last fiscal year, with gross margin of 75%, EBITDA margin of 46%, and net margin of 48%.
Financial data powered by Morningstar, Inc.
CD Projekt Stock Performance
CD Projekt has current market cap of $7B, and enterprise value of $7B.
Market Cap Evolution
CD Projekt's stock price is $72.40.
CD Projekt share price decreased by 4.3% in the last 30 days, and increased by 20.4% in the last year.
CD Projekt has an EPS (earnings per share) of $1.31.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $7B | $7B | -0.3% | -4.3% | 6.9% | 20.4% | $1.31 |
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Start Free TrialCD Projekt Valuation Multiples
CD Projekt trades at 28.8x EV/Revenue multiple, and 53.5x EV/EBITDA.
EV / Revenue (LTM)
CD Projekt Financial Valuation Multiples
As of May 12, 2026, CD Projekt has market cap of $7B and EV of $7B.
CD Projekt has a P/E ratio of 61.0x.
Multiples above and below 250x are considered non-meaningful (n/m). Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified CD Projekt Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.


CD Projekt Margins & Growth Rates
CD Projekt decreased revenue by 10% but EBITDA grew by 11% in the last fiscal year.
In the most recent fiscal year, CD Projekt reported gross margin of 75%, EBITDA margin of 46%, and net margin of 48%.
CD Projekt Margins
CD Projekt Growth Rates
Data powered by FactSet, Inc. and Morningstar, Inc.
CD Projekt Operational KPIs
CD Projekt's revenue per employee in the last FY averaged $0.4M, while opex per employee averaged $0.2M for the same period.
CD Projekt's Rule of 40 is 44% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
CD Projekt's Rule of X is 34% (created by Bessemer, Rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Data powered by FactSet, Inc. and Morningstar, Inc.
CD Projekt Competitors
CD Projekt competitors include International Games System, Kingnet Network, Square Enix, Krafton, Oriental Pearl Group, Capcom, Kingsoft, XD, Koei Tecmo and Sega Sammy.
Most CD Projekt public comparables operate across Gaming - Console & PC.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| 8.6x | 8.1x | 14.2x | 13.7x | |||
| 6.6x | 5.7x | 17.0x | 14.6x | |||
| 1.8x | 2.2x | 12.2x | 10.7x | |||
| 3.0x | 2.7x | 8.4x | 7.6x | |||
| 3.7x | 3.6x | 12.9x | 14.3x | |||
| 7.4x | 7.2x | 17.9x | 16.0x | |||
| 0.2x | 0.2x | 0.6x | 1.0x | |||
| 3.8x | 3.7x | 12.3x | 11.5x | |||
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CD Projekt M&A Activity
CD Projekt has acquired 3 companies to date.
Last acquisition by CD Projekt was on October 22nd 2021. CD Projekt acquired The Molasses Flood for undisclosed valuation.
Latest Acquisitions by CD Projekt
| Description | The Molasses Flood is a Boston-based video game studio formed by alumni of Irrational Games. The company develops survival adventures like The Flame in the Flood set in post-apocalyptic wilderness and Drake Hollow featuring village-building mechanics. The Molasses Flood publishes titles for PC, consoles including Xbox and Nintendo Switch, and explores cooperative multiplayer elements. | Digital Scapes is a video game development studio based in Vancouver, Canada, that creates bespoke player-versus-player gameplay for AAA PC and console titles. The studio collaborates with major publishers on multiplayer features, combat systems, and competitive modes for high-profile franchises. | Strange New Things is a game development studio composed of veterans from Techland and other studios behind titles like Dead Island, Call of Juarez, The Witcher series, Hitman, and Dying Light. The Warsaw-based team handles full-cycle production including narrative design, gameplay mechanics, visual art direction, technical implementation, and project management for action-adventure games. |
| HQ Country | |||
| HQ City | — | Vancouver | Wroclaw |
| Deal Date | 22 Oct 2021 | 30 Mar 2020 | 20 Mar 2018 |
| Valuation | undisclosed | undisclosed | $3M |
| EV/Revenue | |||
| EV/EBITDA | |||
This data is available for Pro users. Sign up to see all CD Projekt acquisitions and their M&A valuation multiples. Start Free Trial | |||
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Start Free TrialAbout CD Projekt
| When was CD Projekt founded? | CD Projekt was founded in 1994. |
| Where is CD Projekt headquartered? | CD Projekt is headquartered in Poland. |
| How many employees does CD Projekt have? | As of today, CD Projekt has over 634 employees. |
| Is CD Projekt publicly listed? | Yes, CD Projekt is a public company listed on Warsaw Stock Exchange. |
| What is the stock symbol of CD Projekt? | CD Projekt trades under CDR ticker. |
| When did CD Projekt go public? | CD Projekt went public in 2002. |
| Who are competitors of CD Projekt? | CD Projekt main competitors include International Games System, Kingnet Network, Square Enix, Krafton, Oriental Pearl Group, Capcom, Kingsoft, XD, Koei Tecmo, Sega Sammy. |
| What is the current market cap of CD Projekt? | CD Projekt's current market cap is $7B. |
| What is the current revenue of CD Projekt? | CD Projekt's last 12 months revenue is $242M. |
| What is the current revenue growth of CD Projekt? | CD Projekt revenue growth (NTM/LTM) is 86%. |
| What is the current EV/Revenue multiple of CD Projekt? | Current revenue multiple of CD Projekt is 28.8x. |
| Is CD Projekt profitable? | Yes, CD Projekt is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of CD Projekt? | CD Projekt's last 12 months EBITDA is $130M. |
| What is CD Projekt's EBITDA margin? | CD Projekt's last 12 months EBITDA margin is 54%. |
| What is the current EV/EBITDA multiple of CD Projekt? | Current EBITDA multiple of CD Projekt is 53.5x. |
| What is the current FCF of CD Projekt? | CD Projekt's last 12 months FCF is ($5M). |
| What is CD Projekt's FCF margin? | CD Projekt's last 12 months FCF margin is (2%). |
| What is the current EV/FCF multiple of CD Projekt? | Current FCF multiple of CD Projekt is (1545.5x). |
| How many companies CD Projekt has acquired to date? | As of May 2026, CD Projekt has acquired 3 companies. |
| What was the largest acquisition by CD Projekt? | $3M acquisition of Strange New Things on 20th March 2018 was the largest M&A CD Projekt has done to date. |
| What companies CD Projekt acquired? | CD Projekt acquired Strange New Things, Digital Scapes, and The Molasses Flood. |
| In how many companies CD Projekt has invested to date? | CD Projekt hasn't invested in any companies yet (or none have been disclosed publicly). |
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