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Stock Comparison

GDEV vs GRVY

Revenue, margins, valuation, and 5-year total return — side by side.

Live fundamentals10-year financials5-year price chart
GDEV
GDEV Inc.

Electronic Gaming & Multimedia

TechnologyNASDAQ • CY
Market Cap$295M
5Y Perf.-83.0%
GRVY
Gravity Co., Ltd.

Electronic Gaming & Multimedia

TechnologyNASDAQ • KR
Market Cap$431M
5Y Perf.-47.9%

GDEV vs GRVY — Key Financials

Market cap, revenue, margins, and valuation side-by-side.

Company Snapshot
GDEV logoGDEV
GRVY logoGRVY
IndustryElectronic Gaming & MultimediaElectronic Gaming & Multimedia
Market Cap$295M$431M
Revenue (TTM)$412M$561.99B
Net Income (TTM)$52M$80.77B
Gross Margin65.5%36.2%
Operating Margin16.8%15.8%
Forward P/E3.7x9.2x
Total Debt$1M$0.00
Cash & Equiv.$111M$203.59B

GDEV vs GRVYLong-Term Stock Performance

Price return indexed to 100 at period start. Dividends excluded.

GDEV
GRVY
StockOct 20May 26Return
GDEV Inc. (GDEV)10017.0-83.0%
Gravity Co., Ltd. (GRVY)10052.1-47.9%

Price return only. Dividends and distributions are not included.

Quick Verdict: GDEV vs GRVY

Each card shows where this stock fits in a portfolio — not just who wins on paper.

Bottom line: GDEV and GRVY are tied at the top with 3 categories each — the right choice depends on your priorities. Gravity Co., Ltd. is the stronger pick specifically for growth and revenue expansion and profitability and margin quality. As sector peers, any of these can serve as alternatives in the same allocation.
GDEV
GDEV Inc.
The Income Pick

GDEV has the current edge in this matchup, primarily because of its strength in income & stability and sleep-well-at-night.

  • Dividend streak 3 yrs, beta 0.47
  • Lower volatility, beta 0.47, current ratio 0.68x
  • Beta 0.47, current ratio 0.68x
Best for: income & stability and sleep-well-at-night
GRVY
Gravity Co., Ltd.
The Growth Play

GRVY is the clearest fit if your priority is growth exposure and long-term compounding.

  • Rev growth 13.4%, EPS growth -19.5%, 3Y rev CAGR 7.0%
  • 31.1% 10Y total return vs GDEV's -79.8%
  • 13.4% revenue growth vs GDEV's -9.4%
Best for: growth exposure and long-term compounding
See the full category breakdown
CategoryWinnerWhy
GrowthGRVY logoGRVY13.4% revenue growth vs GDEV's -9.4%
ValueGDEV logoGDEVLower P/E (3.7x vs 9.2x)
Quality / MarginsGRVY logoGRVY14.4% margin vs GDEV's 12.7%
Stability / SafetyGDEV logoGDEVBeta 0.47 vs GRVY's 0.61
DividendsTieNeither stock pays a meaningful dividend
Momentum (1Y)GRVY logoGRVY+2.2% vs GDEV's -0.9%
Efficiency (ROA)GDEV logoGDEV23.7% ROA vs GRVY's 11.8%

GDEV vs GRVY — Revenue Breakdown by Segment

How each company's revenue is distributed across its business units

GDEVGDEV Inc.
FY 2024
In-game purchases
93.6%$394M
Advertising
6.4%$27M
Licensing
0.0%$62,000
GRVYGravity Co., Ltd.
FY 2025
Royalties And License Fees
81.2%$64.6B
Other Service Contract
18.8%$15.0B

GDEV vs GRVY — Financial Metrics

Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.

BEST OVERALLGDEVLAGGINGGRVY

Income & Cash Flow (Last 12 Months)

Evenly matched — GDEV and GRVY each lead in 3 of 6 comparable metrics.

GRVY is the larger business by revenue, generating $562.0B annually — 1364.1x GDEV's $412M. Profitability is closely matched — net margins range from 14.4% (GRVY) to 12.7% (GDEV). On growth, GRVY holds the edge at +38.9% YoY revenue growth, suggesting stronger near-term business momentum.

MetricGDEV logoGDEVGDEV Inc.GRVY logoGRVYGravity Co., Ltd.
RevenueTrailing 12 months$412M$562.0B
EBITDAEarnings before interest/tax$74M$98.2B
Net IncomeAfter-tax profit$52M$80.8B
Free Cash FlowCash after capex$16M$0
Gross MarginGross profit ÷ Revenue+65.5%+36.2%
Operating MarginEBIT ÷ Revenue+16.8%+15.8%
Net MarginNet income ÷ Revenue+12.7%+14.4%
FCF MarginFCF ÷ Revenue+3.8%+13.4%
Rev. Growth (YoY)Latest quarter vs prior year-11.8%+38.9%
EPS Growth (YoY)Latest quarter vs prior year+67.1%+5.4%
Evenly matched — GDEV and GRVY each lead in 3 of 6 comparable metrics.

Valuation Metrics

Evenly matched — GDEV and GRVY each lead in 2 of 4 comparable metrics.

At 9.2x trailing earnings, GRVY trades at a 22% valuation discount to GDEV's 11.8x P/E. On an enterprise value basis, GDEV's 4.0x EV/EBITDA is more attractive than GRVY's 5.3x.

MetricGDEV logoGDEVGDEV Inc.GRVY logoGRVYGravity Co., Ltd.
Market CapShares × price$295M$431M
Enterprise ValueMkt cap + debt − cash$186M$291M
Trailing P/EPrice ÷ TTM EPS11.80x9.17x
Forward P/EPrice ÷ next-FY EPS est.3.70x
PEG RatioP/E ÷ EPS growth rate5.24x
EV / EBITDAEnterprise value multiple3.98x5.29x
Price / SalesMarket cap ÷ Revenue0.70x1.10x
Price / BookPrice ÷ Book value/share0.98x
Price / FCFMarket cap ÷ FCF10.52x8.24x
Evenly matched — GDEV and GRVY each lead in 2 of 4 comparable metrics.

Profitability & Efficiency

GDEV leads this category, winning 4 of 6 comparable metrics.

On the Piotroski fundamental quality scale (0–9), GDEV scores 7/9 vs GRVY's 6/9, reflecting strong financial health.

MetricGDEV logoGDEVGDEV Inc.GRVY logoGRVYGravity Co., Ltd.
ROE (TTM)Return on equity+14.1%
ROA (TTM)Return on assets+23.7%+11.8%
ROICReturn on invested capital+15.5%
ROCEReturn on capital employed+3.1%+13.1%
Piotroski ScoreFundamental quality 0–976
Debt / EquityFinancial leverage
Net DebtTotal debt minus cash-$110M-$203.6B
Cash & Equiv.Liquid assets$111M$203.6B
Total DebtShort + long-term debt$1M$0
Interest CoverageEBIT ÷ Interest expense583.64x15.33x
GDEV leads this category, winning 4 of 6 comparable metrics.

Total Returns (Dividends Reinvested)

GRVY leads this category, winning 5 of 6 comparable metrics.

A $10,000 investment in GRVY five years ago would be worth $6,029 today (with dividends reinvested), compared to $1,980 for GDEV. Over the past 12 months, GRVY leads with a +2.2% total return vs GDEV's -0.9%. The 3-year compound annual growth rate (CAGR) favors GRVY at 3.9% vs GDEV's -36.4% — a key indicator of consistent wealth creation.

MetricGDEV logoGDEVGDEV Inc.GRVY logoGRVYGravity Co., Ltd.
YTD ReturnYear-to-date+9.8%+5.8%
1-Year ReturnPast 12 months-0.9%+2.2%
3-Year ReturnCumulative with dividends-74.2%+12.2%
5-Year ReturnCumulative with dividends-80.2%-39.7%
10-Year ReturnCumulative with dividends-79.8%+3112.4%
CAGR (3Y)Annualised 3-year return-36.4%+3.9%
GRVY leads this category, winning 5 of 6 comparable metrics.

Risk & Volatility

Evenly matched — GDEV and GRVY each lead in 1 of 2 comparable metrics.

GDEV is the less volatile stock with a 0.47 beta — it tends to amplify market swings less than GRVY's 0.61 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. GRVY currently trades 82.9% from its 52-week high vs GDEV's 38.6% drawdown — a narrower gap to the peak suggests stronger recent price momentum.

MetricGDEV logoGDEVGDEV Inc.GRVY logoGRVYGravity Co., Ltd.
Beta (5Y)Sensitivity to S&P 5000.47x0.61x
52-Week HighHighest price in past year$42.20$74.75
52-Week LowLowest price in past year$11.25$54.54
% of 52W HighCurrent price vs 52-week peak+38.6%+82.9%
RSI (14)Momentum oscillator 0–10050.654.2
Avg Volume (50D)Average daily shares traded3K28K
Evenly matched — GDEV and GRVY each lead in 1 of 2 comparable metrics.

Analyst Outlook

Insufficient data to determine a leader in this category.
MetricGDEV logoGDEVGDEV Inc.GRVY logoGRVYGravity Co., Ltd.
Analyst RatingConsensus buy/hold/sellBuy
Price TargetConsensus 12-month target
# AnalystsCovering analysts1
Dividend YieldAnnual dividend ÷ price
Dividend StreakConsecutive years of raises3
Dividend / ShareAnnual DPS
Buyback YieldShare repurchases ÷ mkt cap+11.2%0.0%
Insufficient data to determine a leader in this category.
Key Takeaway

GDEV leads in 1 of 6 categories (Profitability & Efficiency). GRVY leads in 1 (Total Returns). 3 tied.

Best OverallGDEV Inc. (GDEV)Leads 1 of 6 categories
Loading custom metrics...

GDEV vs GRVY: Frequently Asked Questions

9 questions · data-driven answers · updated daily

01

Is GDEV or GRVY a better buy right now?

For growth investors, Gravity Co.

, Ltd. (GRVY) is the stronger pick with 13. 4% revenue growth year-over-year, versus -9. 4% for GDEV Inc. (GDEV). Gravity Co. , Ltd. (GRVY) offers the better valuation at 9. 2x trailing P/E, making it the more compelling value choice. Analysts rate GDEV Inc. (GDEV) a "Buy" — based on 1 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.

02

Which has the better valuation — GDEV or GRVY?

On trailing P/E, Gravity Co.

, Ltd. (GRVY) is the cheapest at 9. 2x versus GDEV Inc. at 11. 8x.

03

Which is the better long-term investment — GDEV or GRVY?

Over the past 5 years, Gravity Co.

, Ltd. (GRVY) delivered a total return of -39. 7%, compared to -80. 2% for GDEV Inc. (GDEV). Over 10 years, the gap is even starker: GRVY returned +31. 1% versus GDEV's -79. 8%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.

04

Which is safer — GDEV or GRVY?

By beta (market sensitivity over 5 years), GDEV Inc.

(GDEV) is the lower-risk stock at 0. 47β versus Gravity Co. , Ltd. 's 0. 61β — meaning GRVY is approximately 29% more volatile than GDEV relative to the S&P 500.

05

Which is growing faster — GDEV or GRVY?

By revenue growth (latest reported year), Gravity Co.

, Ltd. (GRVY) is pulling ahead at 13. 4% versus -9. 4% for GDEV Inc. (GDEV). On earnings-per-share growth, the picture is similar: Gravity Co. , Ltd. grew EPS -19. 5% year-over-year, compared to -40. 0% for GDEV Inc.. Over a 3-year CAGR, GRVY leads at 7. 0% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.

06

Which has better profit margins — GDEV or GRVY?

Gravity Co.

, Ltd. (GRVY) is the more profitable company, earning 12. 0% net margin versus 6. 1% for GDEV Inc. — meaning it keeps 12. 0% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: GRVY leads at 14. 1% versus 9. 6% for GDEV. At the gross margin level — before operating expenses — GDEV leads at 66. 3%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.

07

Which pays a better dividend — GDEV or GRVY?

None of the stocks in this comparison currently pay a material dividend.

All are effectively zero-yield and should be held for capital appreciation rather than income.

08

Is GDEV or GRVY better for a retirement portfolio?

For long-horizon retirement investors, GDEV Inc.

(GDEV) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0. 47)). Both have compounded well over 10 years (GDEV: -79. 8%, GRVY: +31. 1%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.

09

What are the main differences between GDEV and GRVY?

Both stocks operate in the Technology sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.

These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.

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GDEV

Quality Business

  • Sector: Technology
  • Market Cap > $100B
  • Net Margin > 7%
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GRVY

High-Growth Compounder

  • Sector: Technology
  • Market Cap > $100B
  • Revenue Growth > 19%
  • Net Margin > 8%
Run This Screen
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Beat Both

Find stocks that outperform GDEV and GRVY on the metrics below

Revenue Growth>
%
(GDEV: -11.8% · GRVY: 38.9%)
Net Margin>
%
(GDEV: 12.7% · GRVY: 14.4%)
P/E Ratio<
x
(GDEV: 11.8x · GRVY: 9.2x)

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