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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

66.57 1.89 −2.76%

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

Show all line items

Columns are period end dates · fundamentals updated 25 Oct 2026

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