Added to YB: 2026-09-18
Pitch date: 2026-09-16
GRVY [bullish]
Gravity Co., Ltd.
Author Info
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Company Info
Gravity Co., Ltd. develops and publishes online and mobile games worldwide. It offers massively multiplayer online role-playing games, including Ragnarok Online, Dragonica, Requiem Online, R.
Market Cap
$674.9B
Pitch Price
N/A
Price Target
N/A
Dividend
N/A
EV/EBITDA
0.27
P/E
7.86
EV/Sales
0.04
Sector
Entertainment
Category
value
Gravity Co (NASDAQ: GRVY): A Value Trap No More? Our New Gaming Adventure
GRVY (hold): Maintaining a medium-conviction, mid-single-digit position with a high-$60s average cost: roughly $500M of cash, no debt and a 1-2x cash-adjusted earnings valuation offer substantial value, while the first-ever dividend implies a 4-5% annual yield. Parent-level governance changes may improve capital allocation, while Sony’s pending alliance could support broader game development, but the $200M investment plan, controller risk and uncertain ADR-holder protections keep conviction contained.
Read full article (10 min)