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CD Projekt Valuation Multiples
Discover revenue and EBITDA valuation multiples for CD Projekt and similar public comparables like RTL Group, Krafton, Perfect World Co., International Games System 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
Financials (LTM)
EV
$6B
CD Projekt Financials
CD Projekt reported last 12-month revenue of $241M and EBITDA of $122M.
In the same LTM period, CD Projekt generated $219M in gross profit, $122M in EBITDA, and $123M in net income.
Revenue (LTM)
CD Projekt P&L
In the most recent fiscal year, CD Projekt reported revenue of $267M and EBITDA of $121M.
CD Projekt expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $241M | XXX | $267M | XXX | XXX | XXX |
| Gross Profit | $219M | XXX | $200M | XXX | XXX | XXX |
| Gross Margin | 91% | XXX | 75% | XXX | XXX | XXX |
| EBITDA | $122M | XXX | $121M | XXX | XXX | XXX |
| EBITDA Margin | 51% | XXX | 46% | XXX | XXX | XXX |
| EBIT Margin | 35% | XXX | 37% | XXX | XXX | XXX |
| Net Profit | $123M | XXX | $127M | XXX | XXX | XXX |
| Net Margin | 51% | XXX | 48% | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
CD Projekt Stock Performance
CD Projekt has current market cap of $7B, and enterprise value of $6B.
Market Cap Evolution
CD Projekt's stock price is $66.00.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $6B | $7B | -0.6% | XXX | XXX | XXX | $1.27 |
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Start Free TrialCD Projekt Valuation Multiples
CD Projekt trades at 26.3x EV/Revenue multiple, and 51.8x EV/EBITDA.
EV / Revenue (LTM)
CD Projekt Financial Valuation Multiples
As of March 28, 2026, CD Projekt has market cap of $7B and EV of $6B.
Equity research analysts estimate CD Projekt's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
CD Projekt has a P/E ratio of 53.6x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $7B | XXX | $7B | XXX | XXX | XXX |
| EV (current) | $6B | XXX | $6B | XXX | XXX | XXX |
| EV/Revenue | 26.3x | XXX | 23.7x | XXX | XXX | XXX |
| EV/EBITDA | 51.8x | XXX | 52.2x | XXX | XXX | XXX |
| EV/EBIT | 75.3x | XXX | 63.5x | XXX | XXX | XXX |
| EV/Gross Profit | 28.9x | XXX | 31.7x | XXX | XXX | XXX |
| P/E | 53.6x | XXX | 51.9x | XXX | XXX | XXX |
| EV/FCF | (2124.4x) | XXX | 134.6x | XXX | XXX | XXX |
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's revenue in the last 12 month grew by 53%.
CD Projekt's revenue per employee in the last FY averaged $0.4M.
CD Projekt's rule of 40 is 104% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
CD Projekt's rule of X is 183% (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).
CD Projekt Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 53% | XXX | (9%) | XXX | XXX | XXX |
| EBITDA Margin | 51% | XXX | 46% | XXX | XXX | XXX |
| EBITDA Growth | 53% | XXX | 9% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 104% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 183% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.4M | XXX | XXX | XXX |
| S&M Expenses to Revenue | 14% | XXX | 14% | XXX | XXX | XXX |
| G&A Expenses to Revenue | 24% | XXX | 17% | XXX | XXX | XXX |
| R&D Expenses to Revenue | — | XXX | 8% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 38% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
CD Projekt Public Comps
See public comps and valuation multiples for other Content Production and Gaming - Console & PC comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| RTL Group | XXX | XXX | XXX | XXX | XXX | XXX |
| Krafton | XXX | XXX | XXX | XXX | XXX | XXX |
| Perfect World Co. | XXX | XXX | XXX | XXX | XXX | XXX |
| International Games System | XXX | XXX | XXX | XXX | XXX | XXX |
| TBS Holdings | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
CD Projekt M&A Activity
CD Projekt acquired XXX companies to date.
Last acquisition by CD Projekt was on XXXXXXXX, XXXXX. CD Projekt acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by CD Projekt
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialCD Projekt Investment Activity
CD Projekt invested in XXX companies to date.
CD Projekt made its latest investment on XXXXXXXX, XXXXX. CD Projekt invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by CD Projekt
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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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 are RTL Group, Krafton, Perfect World Co., International Games System. |
| 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 $241M. |
| What is the current revenue growth of CD Projekt? | CD Projekt revenue growth (NTM/LTM) is 53%. |
| What is the current EV/Revenue multiple of CD Projekt? | Current revenue multiple of CD Projekt is 26.3x. |
| 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 $122M. |
| What is CD Projekt's EBITDA margin? | CD Projekt's last 12 months EBITDA margin is 51%. |
| What is the current EV/EBITDA multiple of CD Projekt? | Current EBITDA multiple of CD Projekt is 51.8x. |
| What is the current FCF of CD Projekt? | CD Projekt's last 12 months FCF is ($3M). |
| What is CD Projekt's FCF margin? | CD Projekt's last 12 months FCF margin is (1%). |
| What is the current EV/FCF multiple of CD Projekt? | Current FCF multiple of CD Projekt is (2124.4x). |
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