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GRAVITY Co., Ltd.

GRVY Communication Services Electronic Gaming & Multimedia

GRAVITY Co., Ltd.’s revenue for fiscal 2025 (year ended December 2025) was $392.4 million, up 11.9% from fiscal 2024.

Revenue: −17.1%
EPS: +60.3%
Free cash flow: +3,467.8%

Quarter to June 2026, against a year earlier

67.88 1.40 +2.11%

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Market cap: $462.0M
P/E: 8.0×
Fwd P/E: —
Dividend yield: —
F-score: 7/9
Altman Z: 6.44
Beneish M: −2.51
Dividend safety: n/a

Overview

	Dec '16	Dec '17	Dec '18	Dec '19	Dec '20	Dec '21	Dec '22	Dec '23	Dec '24	Dec '25
P/E ratio Full definition →	266.00	26.79	15.20	7.78	25.47	7.79	4.65	4.37	7.04	8.42
Piotroski F-Score Full definition →	7	7	8	4	7	7	5	8	5	7
Altman Z-Score Full definition →	1.67	5.29	4.12	7.62	14.85	7.91	5.72	7.29	6.32	6.44
P/S ratio Full definition →	0.87	2.64	1.62	0.90	3.87	1.27	0.90	0.80	1.25	1.02
P/FCF ratio Full definition →	1.01	17.60	15.23	6.58	12.56	3.02	1.44	1.64	1.55	4.52
Altman Z″-Score (non-manufacturers) Full definition →	2.70	4.35	5.49	9.26	10.21	11.97	11.47	13.53	13.54	14.93
Beneish M-Score Full definition →	(2.41)	(0.31)	(1.68)	(2.29)	(2.36)	(2.67)	(2.46)	(1.77)	(2.49)	(2.51)
P/Operating CF Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	7.98	7.55
P/B ratio Full definition →	1.40	8.51	5.36	2.74	7.98	2.75	1.19	1.35	1.14	0.98
Price to Tangible BV Full definition →	1.41	8.72	5.41	2.78	8.13	2.78	1.20	1.37	1.15	0.99
EV/Sales Full definition →	0.07	2.21	1.29	0.56	3.37	0.81	0.12	0.21	0.17	0.00
EV/EBITDA Full definition →	1.08	22.29	11.77	4.09	15.49	3.46	0.53	0.94	0.99	0.00
EV/Operating CF Full definition →	(0.38)	13.78	11.37	3.91	10.68	1.80	0.18	0.40	0.20	0.00
EV/FCF Full definition →	0.08	14.70	12.13	4.11	10.95	1.92	0.19	0.42	0.21	0.00
Quick Ratio Full definition →	2.44	1.61	1.67	2.71	2.93	4.07	3.95	5.08	5.91	7.10
Current Ratio Full definition →	2.58	1.68	1.71	2.79	2.98	4.14	3.99	5.14	6.02	7.27
Net Debt/EBITDA Full definition →	(9.83)	(4.23)	(2.75)	(2.23)	(1.96)	(2.40)	(3.04)	(2.77)	(5.92)	(7.06)
Debt/Assets Full definition →	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Debt/Equity Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Asset Turnover Full definition →	1.01	1.70	1.98	1.95	1.84	1.47	1.07	1.50	0.74	0.78
Operating CF/Net income Full definition →	9.74	1.96	1.14	0.66	1.11	1.12	1.18	1.00	0.93	1.13
Capex/Depreciation Full definition →	(0.32)	(3.97)	(1.54)	(0.62)	(0.75)	(0.66)	(0.39)	(0.75)	(0.51)	(0.58)
Interest Coverage Full definition →	6.32	9.67	33.30	31.15	23.05	36.01	9.71	10.74	8.60	7.00
ROE Full definition →	0.82%	37.11%	52.60%	39.86%	42.78%	32.61%	25.65%	35.08%	15.46%	11.19%
ROA Full definition →	0.49%	15.97%	21.76%	21.61%	28.45%	23.41%	19.20%	27.31%	12.61%	9.44%
ROIC Full definition →	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	623.50%	335.92%
Return on Tangible Assets Full definition →	0.75%	29.55%	46.14%	37.49%	36.55%	27.09%	25.62%	29.30%	15.30%	11.00%
Average Days of Receivables Full definition →	83.94	110.48	77.54	32.67	53.74	47.35	60.93	37.66	60.29	38.56
Research and Development Expense of Revenue Full definition →	3.84%	3.70%	2.80%	2.63%	3.70%	4.00%	2.98%	1.86%	3.05%	1.84%
Selling, General and Administrative Expense of Revenue Full definition →	31.13%	19.78%	12.14%	10.22%	15.37%	18.27%	16.74%	9.11%	18.47%	19.07%
Intangible Assets out of Total Assets Full definition →	0.00	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01
Share Based Compensation of Revenue Full definition →	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Graham Net Nets Full definition →	0.67	0.10	0.16	0.30	0.11	0.33	0.78	0.69	0.83	0.95
Graham Number Full definition →	1.31	15.23	0.00	38.44	60.14	69.86	84.58	130.73	105.75	95.68
Earnings Yield Full definition →	0.38%	3.73%	6.58%	12.85%	3.93%	12.83%	21.52%	22.86%	14.20%	11.87%
Free Cash Flow Yield Full definition →	98.62%	5.68%	6.57%	15.20%	7.96%	33.14%	69.39%	60.97%	64.49%	22.12%
Revenue per Share Full definition →	6.14	18.34	74.29	41.56	46.74	53.61	46.70	83.53	50.45	56.47
Operating CF per Share Full definition →	0.29	3.39	9.32	3.04	8.04	9.61	9.90	15.25	7.91	7.67
Capex per Share Full definition →	(0.02)	(0.27)	(0.56)	(0.26)	(0.43)	(0.54)	(0.28)	(0.67)	(0.48)	(0.64)
Free Cash Flow per Share Full definition →	0.27	3.12	8.75	2.78	7.62	9.07	9.62	14.58	7.43	7.03
Cash per Share Full definition →	4.63	7.98	24.75	13.69	21.00	32.08	34.27	53.62	56.39	62.75
Shareholders Equity per Share Full definition →	3.60	5.70	19.57	13.33	20.42	31.97	33.26	53.39	57.25	64.21
Interest Debt per Share Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Book value per Share Full definition →	3.60	5.70	19.57	13.33	20.42	31.97	33.26	53.39	57.25	64.21
Free Cash Flow Full definition →	1.88	21.67	30.41	19.30	52.93	63.00	66.85	101.32	51.66	48.84
Working Capital Full definition →	27.17	39.71	59.98	80.06	131.09	208.92	221.24	352.37	381.47	421.74
Capital Expenditures Full definition →	(0.14)	(1.86)	(1.96)	(1.80)	(2.95)	(3.76)	(1.95)	(4.62)	(3.33)	(4.42)
Net Current Asset Value Full definition →	23.51	33.29	56.29	76.96	126.85	202.91	215.50	345.96	374.86	415.25
EV/EBIT Full definition →	1.08	22.29	11.77	4.09	15.49	3.46	0.53	0.94	0.99	0.00
Capex to Sales Full definition →	0.00	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01
Price to Operating Income Full definition →	13.00	26.67	14.78	6.54	17.77	5.44	3.97	3.63	7.34	7.42
Other line items
Depreciation/Fixed assets Full definition →	0.87	0.55	0.94	0.55	0.64	0.56	0.87	0.75	0.93	1.00
Cash ROIC Full definition →	3.29%	22.80%	19.75%	10.28%	18.39%	14.15%	14.24%	13.63%	6.54%	5.54%
Accounts Receivable Turnover Full definition →	5.95	5.27	5.53	7.16	8.82	7.75	6.33	10.18	5.95	7.90
Accounts Payable Turnover Full definition →	4.58	3.51	3.61	4.49	5.30	5.09	4.23	7.69	4.43	5.61
Inventory Turnover Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Average Days of Payables Full definition →	122.11	172.01	124.99	51.49	80.45	67.08	100.41	46.50	80.79	62.05
Days of Inventory on Hand Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Average Receivables Full definition →	7.17	24.20	46.70	40.34	36.83	48.07	51.25	57.03	58.89	49.68
Average Payables Full definition →	5.44	24.15	52.35	47.37	36.07	39.61	44.28	50.45	48.49	45.45
Average Assets Full definition →	42.48	75.07	130.08	148.10	176.32	253.54	302.82	386.71	471.53	500.19
Average Common Equity Full definition →	25.33	32.30	53.80	80.30	117.25	182.02	226.64	301.05	384.42	422.01

Show all line items

Columns are period end dates · fundamentals updated 25 Oct 2026

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