GDEV Inc. (GDEV) Financial Ratios
6 years of historical data (2019–2024) · Technology · Electronic Gaming & Multimedia
EV/EBITDA
↓
4.22
↓-79% vs avg
5yr avg: 19.79
30Y Low5.3·High45.7
P/FCF
↓
10.91
↓-30% vs avg
5yr avg: 15.69
30Y Low11.0·High25.7
P/B Ratio
N/A
—
5yr avg: N/A
ROE
N/A
—
5yr avg: N/A
Debt/EBITDA
↓
0.03
↓-35% vs avg
5yr avg: 0.04
30Y Low0.0·High0.1
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
GDEV Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
GDEV Inc. trades at 12.3x earnings, 81% below its 5-year average of 65.4x, sitting at the 33rd percentile of its historical range. Compared to the Technology sector median P/E of 27.7x, the stock trades at a discount of 56%. On a free-cash-flow basis, the stock trades at 10.9x P/FCF, 30% below the 5-year average of 15.7x.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Market Cap | $307M | $357M | $443M | $1.3B | $1.5B | $1.8B | — |
| Enterprise Value | $197M | $247M | $373M | $1.2B | $1.3B | $1.7B | — |
| P/E Ratio → | 12.25 | 14.01 | 9.61 | 172.43 | — | — | — |
| P/S Ratio | 0.73 | 0.85 | 0.95 | 2.63 | 3.41 | 6.84 | — |
| P/B Ratio | — | — | — | — | — | — | — |
| P/FCF | 10.91 | 12.70 | 25.74 | 10.98 | 14.21 | 14.80 | — |
| P/OCF | 10.75 | 12.50 | 24.66 | 10.88 | 14.02 | 14.79 | — |
P/E links to full P/E history page with 30-year chart
GDEV EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
GDEV Inc.'s enterprise value stands at 4.2x EBITDA, 79% below its 5-year average of 19.8x. The Technology sector median is 17.5x, placing the stock at a 76% discount on an enterprise-value basis.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 0.59 | 0.80 | 2.45 | 3.08 | 6.52 | — |
| EV / EBITDA | 4.22 | 5.29 | 8.36 | 45.73 | — | — | — |
| EV / EBIT | 4.86 | 8.10 | 7.44 | 96.22 | — | 15316.26 | — |
| EV / FCF | — | 8.79 | 21.71 | 10.24 | 12.86 | 14.11 | — |
GDEV Profitability
Margins and return-on-capital ratios measuring operating efficiency
GDEV Inc. earns an operating margin of 9.6%. Operating margins have expanded from 3.9% to 9.6% over the past 3 years, signaling improving operational efficiency.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Gross Margin | 66.3% | 66.3% | 65.4% | 63.1% | 68.6% | 64.5% | 52.6% |
| Operating Margin | 9.6% | 9.6% | 8.3% | 3.9% | -28.4% | -0.6% | -38.1% |
| Net Profit Margin | 6.1% | 6.1% | 9.9% | 1.5% | -27.1% | -0.3% | -37.9% |
Return on Capital
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| ROE | — | — | — | — | — | — | — |
| ROA | 8.6% | 8.6% | 14.4% | 2.3% | -44.8% | -0.5% | -44.2% |
| ROIC | — | — | — | — | — | — | — |
| ROCE | 305.2% | 305.2% | 1031.9% | — | — | — | — |
GDEV Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
GDEV Inc. carries a Debt/EBITDA ratio of 0.0x, which is very conservative (99% below the sector average of 2.9x). The company holds a net cash position — cash of $111M exceeds total debt of $1M, providing substantial financial flexibility for buybacks, acquisitions, or weathering downturns. Interest coverage of 94.4x signals virtually no risk of debt distress — earnings comfortably cover interest obligations.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Debt / Equity | — | — | — | — | — | — | — |
| Debt / EBITDA | 0.03 | 0.03 | 0.05 | 0.05 | — | — | — |
| Net Debt / Equity | — | — | — | — | — | — | — |
| Net Debt / EBITDA | -2.35 | -2.35 | -1.55 | -3.32 | — | — | — |
| Debt / FCF | — | -3.91 | -4.03 | -0.74 | -1.35 | -0.69 | -0.91 |
| Interest Coverage | 94.40 | 94.40 | 94.02 | 17.66 | -1354.46 | — | -212.85 |
Net cash position: cash ($111M) exceeds total debt ($1M)
GDEV Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
The current ratio of 0.68x is below 1.0, meaning current liabilities exceed current assets. The current ratio has improved from 0.57x to 0.68x over the past 3 years.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Current Ratio | 0.68 | 0.68 | 0.71 | 0.57 | 0.59 | 0.52 | 0.40 |
| Quick Ratio | 0.68 | 0.68 | 0.70 | 0.55 | 0.59 | 0.52 | 0.40 |
| Cash Ratio | 0.51 | 0.51 | 0.52 | 0.41 | 0.44 | 0.36 | 0.17 |
| Asset Turnover | — | 1.55 | 1.45 | 1.49 | 1.39 | 1.23 | 1.17 |
| Inventory Turnover | 49.44 | — | 49.44 | 27.51 | — | — | — |
| Days Sales Outstanding | — | 33.02 | 38.34 | 32.64 | 35.95 | 43.28 | 92.47 |
GDEV Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
GDEV Inc. returns 10.8% to shareholders annually primarily through share buybacks. The earnings yield of 8.2% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | 10.8% | 2.9% | — |
| Payout Ratio | — | — | — | — | — | — | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Earnings Yield | 8.2% | 7.1% | 10.4% | 0.6% | — | — | — |
| FCF Yield | 9.2% | 7.9% | 3.9% | 9.1% | 7.0% | 6.8% | — |
| Buyback Yield | 10.8% | 9.3% | 0.0% | 0.0% | 0.0% | 0.0% | — |
| Total Shareholder Yield | 10.8% | 9.3% | 0.0% | 0.0% | 10.8% | 2.9% | — |
| Shares Outstanding | — | $18M | $20M | $20M | $18M | $18M | $20M |
Peer Comparison
Compare GDEV with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 GDEVYou | $307M | 12.3 | 4.2 | 10.9 | 66.3% | 9.6% | — | — | 0.0 |
 PLBY | $188M | -12.8 | 34.0 | — | 71.0% | -2.7% | -247.8% | -2.9% | 4.6 |
 GRVY | $421M | 8.9 | 5.1 | 8.0 | 35.0% | 14.1% | 11.3% | 15.5% | — |
 PLTK | $1B | -6.5 | 14.1 | 2.6 | 72.5% | 0.0% | — | 0.1% | 11.2 |
 GLBE | $6B | 83.7 | 57.4 | 19.7 | 45.3% | 7.4% | 7.5% | 7.7% | 0.5 |
 HUYA | $481M | -103.7 | — | — | 13.3% | -3.1% | -0.5% | -1.7% | — |
 TTWO | $47B | -8.7 | — | — | 54.4% | -77.9% | -114.8% | -49.8% | — |
 EA | $50B | 57.2 | 39.8 | 21.6 | 79.0% | 15.4% | 13.5% | 14.7% | 1.2 |
 RBLX | $32B | -29.1 | — | 23.7 | 78.1% | -25.2% | -365.0% | -87.7% | — |
 SKLZ | $109M | -1.5 | — | — | 87.5% | -68.3% | -49.7% | -148.3% | — |
 GMGI | $89M | -47.8 | 7.2 | 46.1 | 56.6% | -52.6% | -117.0% | -84.0% | — |
| Technology Median | — | 27.7 | 17.5 | 19.2 | 48.5% | -0.6% | 2.4% | 2.9% | 2.9 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 6 years · Updated daily
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Start ComparisonGDEV — Frequently Asked Questions
Quick answers to the most common questions about buying GDEV stock.
What is GDEV Inc.'s P/E ratio?
GDEV Inc.'s current P/E ratio is 12.3x. The historical average is 65.4x. This places it at the 33th percentile of its historical range.
What is GDEV Inc.'s EV/EBITDA?
GDEV Inc.'s current EV/EBITDA is 4.2x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 19.8x.
Is GDEV stock overvalued?
Based on historical data, GDEV Inc. is trading at a P/E of 12.3x. This is at the 33th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What are GDEV Inc.'s profit margins?
GDEV Inc. has 66.3% gross margin and 9.6% operating margin.
How much debt does GDEV Inc. have?
GDEV Inc.'s Debt/EBITDA ratio is 0.0x, indicating low leverage. A ratio below 2x is generally considered financially healthy.