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Games Workshop Group Valuation Multiples
Discover revenue and EBITDA valuation multiples for Games Workshop Group and similar public comparables like Mattel, Hasbro, Asmodée, Bloks Group and more.
Games Workshop Group Overview
About Games Workshop Group
Games Workshop Group PLC designs, manufactures and sells fantasy miniatures and games related products. It carries the manufacturing activity in the UK and sells the same in the different region of the countries such as Continental Europe, North America, and Asia Pacific. It operates through two segments Core and Licensing . The core segment includes all revenue and expenditure relating to the design, manufacture and sales of their fantasy miniatures and related products. The licensing segment includes all revenue and expenditure relating to licences granted to external partners. The company generates majority of its revenue from the core segment.
Founded
1991
HQ

Employees
3.0K
Website
Sectors
Financials (LTM)
EV
$9B
Games Workshop Group Financials
Games Workshop Group reported last 12-month revenue of $866M and EBITDA of $392M.
In the same LTM period, Games Workshop Group generated $611M in gross profit, $392M in EBITDA, and $259M in net income.
Revenue (LTM)
Games Workshop Group P&L
In the most recent fiscal year, Games Workshop Group reported revenue of $835M and EBITDA of $417M.
Games Workshop Group expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $866M | XXX | $835M | XXX | XXX | XXX |
| Gross Profit | $611M | XXX | $602M | XXX | XXX | XXX |
| Gross Margin | 70% | XXX | 72% | XXX | XXX | XXX |
| EBITDA | $392M | XXX | $417M | XXX | XXX | XXX |
| EBITDA Margin | 45% | XXX | 50% | XXX | XXX | XXX |
| EBIT Margin | 38% | XXX | 42% | XXX | XXX | XXX |
| Net Profit | $259M | XXX | $265M | XXX | XXX | XXX |
| Net Margin | 30% | XXX | 32% | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Games Workshop Group Stock Performance
Games Workshop Group has current market cap of $9B, and enterprise value of $9B.
Market Cap Evolution
Games Workshop Group's stock price is $262.20.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $9B | $9B | 0.0% | XXX | XXX | XXX | $8.03 |
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Start Free TrialGames Workshop Group Valuation Multiples
Games Workshop Group trades at 9.8x EV/Revenue multiple, and 21.7x EV/EBITDA.
EV / Revenue (LTM)
Games Workshop Group Financial Valuation Multiples
As of April 20, 2026, Games Workshop Group has market cap of $9B and EV of $9B.
Equity research analysts estimate Games Workshop Group's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Games Workshop Group has a P/E ratio of 33.4x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $9B | XXX | $9B | XXX | XXX | XXX |
| EV (current) | $9B | XXX | $9B | XXX | XXX | XXX |
| EV/Revenue | 9.8x | XXX | 10.2x | XXX | XXX | XXX |
| EV/EBITDA | 21.7x | XXX | 20.4x | XXX | XXX | XXX |
| EV/EBIT | 25.8x | XXX | 24.1x | XXX | XXX | XXX |
| EV/Gross Profit | 13.9x | XXX | 14.1x | XXX | XXX | XXX |
| P/E | 33.4x | XXX | 32.7x | XXX | XXX | XXX |
| EV/FCF | 35.4x | XXX | 30.4x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Games Workshop Group 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.


Games Workshop Group Margins & Growth Rates
Games Workshop Group's revenue in the last 12 month grew by 6%.
Games Workshop Group's revenue per employee in the last FY averaged $0.3M, while opex per employee averaged $0.1M for the same period.
Games Workshop Group's rule of 40 is 51% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Games Workshop Group's rule of X is 60% (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).
Games Workshop Group Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 6% | XXX | 4% | XXX | XXX | XXX |
| EBITDA Margin | 45% | XXX | 50% | XXX | XXX | XXX |
| EBITDA Growth | 7% | XXX | (5%) | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 51% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 60% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.3M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.1M | XXX | XXX | XXX |
| S&M Expenses to Revenue | — | XXX | 14% | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 16% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 30% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Games Workshop Group Public Comps
See public comps and valuation multiples for other Toys & Games comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Games Workshop Group | XXX | XXX | XXX | XXX | XXX | XXX |
| Mattel | XXX | XXX | XXX | XXX | XXX | XXX |
| Hasbro | XXX | XXX | XXX | XXX | XXX | XXX |
| Asmodée | XXX | XXX | XXX | XXX | XXX | XXX |
| Bloks Group | XXX | XXX | XXX | XXX | XXX | XXX |
| TOMY | 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.
Games Workshop Group M&A Activity
Games Workshop Group acquired XXX companies to date.
Last acquisition by Games Workshop Group was on XXXXXXXX, XXXXX. Games Workshop Group acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Games Workshop Group
| 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 TrialGames Workshop Group Investment Activity
Games Workshop Group invested in XXX companies to date.
Games Workshop Group made its latest investment on XXXXXXXX, XXXXX. Games Workshop Group invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Games Workshop Group
| 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 Games Workshop Group
| When was Games Workshop Group founded? | Games Workshop Group was founded in 1991. |
| Where is Games Workshop Group headquartered? | Games Workshop Group is headquartered in United Kingdom. |
| How many employees does Games Workshop Group have? | As of today, Games Workshop Group has over 3K employees. |
| Who is the CEO of Games Workshop Group? | Games Workshop Group's CEO is Kevin D Rountree. |
| Is Games Workshop Group publicly listed? | Yes, Games Workshop Group is a public company listed on London Stock Exchange. |
| What is the stock symbol of Games Workshop Group? | Games Workshop Group trades under GAW ticker. |
| When did Games Workshop Group go public? | Games Workshop Group went public in 1994. |
| Who are competitors of Games Workshop Group? | Games Workshop Group main competitors are Mattel, Hasbro, Asmodée, Bloks Group. |
| What is the current market cap of Games Workshop Group? | Games Workshop Group's current market cap is $9B. |
| What is the current revenue of Games Workshop Group? | Games Workshop Group's last 12 months revenue is $866M. |
| What is the current revenue growth of Games Workshop Group? | Games Workshop Group revenue growth (NTM/LTM) is 6%. |
| What is the current EV/Revenue multiple of Games Workshop Group? | Current revenue multiple of Games Workshop Group is 9.8x. |
| Is Games Workshop Group profitable? | Yes, Games Workshop Group is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Games Workshop Group? | Games Workshop Group's last 12 months EBITDA is $392M. |
| What is Games Workshop Group's EBITDA margin? | Games Workshop Group's last 12 months EBITDA margin is 45%. |
| What is the current EV/EBITDA multiple of Games Workshop Group? | Current EBITDA multiple of Games Workshop Group is 21.7x. |
| What is the current FCF of Games Workshop Group? | Games Workshop Group's last 12 months FCF is $240M. |
| What is Games Workshop Group's FCF margin? | Games Workshop Group's last 12 months FCF margin is 28%. |
| What is the current EV/FCF multiple of Games Workshop Group? | Current FCF multiple of Games Workshop Group is 35.4x. |
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