Games Workshop Group (CHIX:GAWL) Cyclically Adjusted PS Ratio: 16.98 (As of Jul. 22, 2026) — 51% Above Median

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CHIX:GAWL Games Workshop Group PLC CHIX:GAWL
98 GF Score
Price £203.40
GF Value £147.12
Valuation Significantly Overvalued
! 5 Warning Signs
View Full Analysis

What is Games Workshop Group Cyclically Adjusted PS Ratio?

Games Workshop Group CHIX:GAWL +0.59% 98 Cyclically Adjusted PS Ratio is 16.98 as of Jul. 22, 2026, which is 51% above its 10-year median of 11.24. GuruFocus rates CHIX:GAWL with a GF Score™ of 98/100 and a GF Value™ of £147.12 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 671 Travel & Leisure companies, Games Workshop Group ranks worse than 96.42% on this metric.

As of today (2026-07-22), Games Workshop Group's current share price is £203.40. Games Workshop Group's Cyclically Adjusted Revenue per Share for the fiscal year that ended in May25 was £11.98. Games Workshop Group's Cyclically Adjusted PS Ratio for today is 16.98.

The historical rank and industry rank for Games Workshop Group's Cyclically Adjusted PS Ratio or its related term are showing as below:

CHIX:GAWl' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.11   Med: 11.24   Max: 21.99
Current: 16.9

During the past 13 years, Games Workshop Group's highest Cyclically Adjusted PS Ratio was 21.99. The lowest was 1.11. And the median was 11.24.

CHIX:GAWl's Cyclically Adjusted PS Ratio is ranked worse than
96.42% of 671 companies
in the Travel & Leisure industry
Industry Median: 1.28 vs CHIX:GAWl: 16.90

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

Games Workshop Group's adjusted revenue per share data of for the fiscal year that ended in May25 was £18.689. Add all the adjusted revenue per share for the past 10 years together and divide 10 will get our Cyclically Adjusted Revenue per Share, which is £11.98 for the trailing ten years ended in May25.

Shiller PE for Stocks: The True Measure of Stock Valuation


Games Workshop Group  (CHIX:GAWl) Cyclically Adjusted PS Ratio Explanation

Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PS Ratio should give similar results to regular PS Ratio.


Games Workshop Group Cyclically Adjusted PS Ratio Related Terms


Games Workshop Group Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Games Workshop Group's Cyclically Adjusted PS Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Games Workshop Group Cyclically Adjusted PS Ratio Chart

Games Workshop Group Annual Data
Trend May16 May17 May18 May19 May20 May21 May22 May23 May24 May25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 19.23 9.87 10.63 9.76 12.79

Games Workshop Group Semi-Annual Data
May16 Nov16 May17 Nov17 May18 Nov18 May19 Nov19 May20 Nov20 May21 Nov21 May22 Nov22 May23 Nov23 May24 Nov24 May25 Nov25
Cyclically Adjusted PS Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 9.76 0.00 12.79 0.00

CHIX:GAWL vs AS, HAS, LTH: Cyclically Adjusted PS Ratio Comparison

For the Leisure subindustry, Games Workshop Group's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Games Workshop Group Cyclically Adjusted PS Ratio vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Games Workshop Group's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Games Workshop Group's Cyclically Adjusted PS Ratio falls into.


CHIX:GAWL
98GF Score
Games Workshop Group PLC CHIX:GAWL
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Games Workshop Group Cyclically Adjusted PS Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PS Ratio takes the Revenue per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/S calculation. Because it considers this 10-year average, it's often referred to as the CAPS Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio.

Games Workshop Group's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=203.40/11.98
=16.98

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Games Workshop Group's Cyclically Adjusted Revenue per Share for the fiscal year that ended in May25 is calculated as:

For example, Games Workshop Group's adjusted Revenue per Share data for the fiscal year that ended in May25 was:

Adj_RevenuePerShare=Revenue per Share/CPI of May25 (Change)*Current CPI (May25)
=18.689/138.0000*138.0000
=18.689

Current CPI (May25) = 138.0000.

Games Workshop Group Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201605 3.672 100.800 5.027
201705 4.891 103.500 6.521
201805 6.761 105.900 8.810
201905 7.827 107.900 10.010
202005 8.239 108.600 10.469
202105 11.222 111.000 13.952
202205 12.618 119.700 14.547
202305 14.311 129.100 15.298
202405 15.941 132.700 16.578
202505 18.689 138.000 18.689

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

What does a Cyclically Adjusted PS Ratio of 16.98 mean?
Games Workshop Group (CHIX:GAWL) has a Cyclically Adjusted PS Ratio of 16.98 as of Jul. 22, 2026. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on Games Workshop Group and its competitors. This is 51% above median its historical median of 11.24. Over the past decade, Games Workshop Group's Cyclically Adjusted PS Ratio has ranged from 1.11 to 21.99. According to the industry distribution chart, Games Workshop Group ranks #647 out of 671 companies in the Travel & Leisure industry, placing it in the top 96.4%.
Is Games Workshop Group's Cyclically Adjusted PS Ratio too high?
Games Workshop Group's current Cyclically Adjusted PS Ratio of 16.98 is 51% above median its 10-year median of 11.24. Over the past 10 years, this metric has ranged from a low of 1.11 to a high of 21.99. The Travel & Leisure industry median Cyclically Adjusted PS Ratio is 1.28. Games Workshop Group's value of 16.98 is 1226.6% above this industry median. Based on the distribution chart, Games Workshop Group ranks #647 out of 671 companies in the Travel & Leisure industry, which is in the bottom quartile relative to peers. Overall, Games Workshop Group has a GF Score™ of 98/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Games Workshop Group's Cyclically Adjusted PS Ratio compare to AS and HAS?
According to the Travel & Leisure industry distribution chart, Games Workshop Group ranks #647 out of 671 companies for Cyclically Adjusted PS Ratio. This places Games Workshop Group in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.28. Games Workshop Group's value of 16.98 is 1226.6% above this benchmark. Historically, Games Workshop Group's own Cyclically Adjusted PS Ratio has ranged from 1.11 to 21.99 over the past decade. While the company's 10-year median is 11.24 vs. the industry median of 1.28, Games Workshop Group has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PS Ratio for a Travel & Leisure company?
The median Cyclically Adjusted PS Ratio among Travel & Leisure companies is 1.28, based on 671 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PS Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PS Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Games Workshop Group's current Cyclically Adjusted PS Ratio of 16.98 is 1226.6% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PS Ratio mean?
A high Cyclically Adjusted PS Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on Games Workshop Group and its competitors. For the Travel & Leisure industry, the median Cyclically Adjusted PS Ratio is 1.28 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Games Workshop Group's current Cyclically Adjusted PS Ratio is 16.98, which is 51% above median its own 10-year median of 11.24. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Games Workshop Group stock overvalued right now?
Based on GuruFocus' analysis, Games Workshop Group (CHIX:GAWL) is currently considered Significantly Overvalued. The stock's GF Value™ is £147.12, compared to a current price of £203.40 — trading 38.3% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 16.98, which is 51% above median its 10-year median of 11.24 and 1226.6% above the Travel & Leisure industry median of 1.28. Games Workshop Group's overall GF Score™ is 98/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PS Ratio calculated?
Cyclically Adjusted PS Ratio is calculated from a company's financial statements. For Games Workshop Group (CHIX:GAWL), the current Cyclically Adjusted PS Ratio is 16.98 as of Jul. 22, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Games Workshop Group (CHIX:GAWL) Overvalued in 2026?

Based on GuruFocus' analysis, Games Workshop Group stock appears to be overvalued. The current stock price of £203.40 is trading 38.3% above its estimated GF Value™ of £147.12. GuruFocus considers Games Workshop Group to be Significantly Overvalued.

Key valuation signals for CHIX:GAWL:

  • Cyclically Adjusted PS Ratio: 16.98 (51% above median its 10-year median of 11.24)
  • GF Value™: £147.12 vs. price of £203.40 (38.3% above fair value)
  • GF Score™: 98/100 with 5 warning signs
  • Industry Position: 1226.6% above the Travel & Leisure median (#647 of 671)

No single metric tells the full story. See the CHIX:GAWL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Games Workshop Group Business Description

Address Willow Road, Lenton, Nottingham, GBR, NG7 2WS
Games Workshop Group PLC designs, manufactures and sells fantasy miniatures and games related products. It carries the manufacturing activity in the UK and sells the same in the different region of the countries such as Continental Europe, North America, and Asia Pacific. It operates through two segments Core and Licensing . The core segment includes all revenue and expenditure relating to the design, manufacture and sales of their fantasy miniatures and related products. The licensing segment includes all revenue and expenditure relating to licences granted to external partners. The company generates majority of its revenue from the core segment.
98GF Score

Get the complete analysis for CHIX:GAWL

Cyclically Adjusted PS Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

£203.40
Price
£147.12
GF Value