GMWKF (Games Workshop Group) Cyclically Adjusted PS Ratio: (As of Jul. 28, 2026)

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Director of Data and Quant Analytics at GuruFocus
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Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

GMWKF Games Workshop Group PLC GMWKF
97 GF Score
Price $265.35
GF Value $203.54
Valuation Modestly Overvalued
! 5 Warning Signs
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What is Games Workshop Group Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Games Workshop Group  (OTCPK:GMWKF) 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 May17 May18 May19 May20 May21 May22 May23 May24 May25 May26
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 9.87 10.63 9.76 12.79 0.00

Games Workshop Group Semi-Annual Data
Nov16 May17 Nov17 May18 Nov18 May19 Nov19 May20 Nov20 May21 Nov21 May22 Nov22 May23 Nov23 May24 Nov24 May25 Nov25 May26
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 9.76 0.00 12.79 0.00 0.00

GMWKF 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.


GMWKF
97GF Score
Games Workshop Group PLC GMWKF
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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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 Revenue per Share for the fiscal year that ended in May26 is calculated as:

For example, Games Workshop Group's adjusted Revenue per Share data for the fiscal year that ended in May26 was:

Adj_RevenuePerShare=Revenue per Share/CPI of May26 (Change)*Current CPI (May26)
=26.902/142.1000*142.1000
=26.902

Current CPI (May26) = 142.1000.

Games Workshop Group Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201705 6.328 103.500 8.688
201805 9.112 105.900 12.227
201905 10.060 107.900 13.249
202005 10.134 108.600 13.260
202105 15.805 111.000 20.233
202205 15.694 119.700 18.631
202305 17.866 129.100 19.665
202405 20.154 132.700 21.582
202505 24.952 138.000 25.693
202605 26.902 142.100 26.902

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.

Is Games Workshop Group (GMWKF) Overvalued in 2026?

Based on GuruFocus' analysis, Games Workshop Group stock appears to be overvalued. The current stock price of $265.35 is trading 30.4% above its estimated GF Value™ of $203.54. GuruFocus considers Games Workshop Group to be Modestly Overvalued.

Key valuation signals for GMWKF:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: $203.54 vs. price of $265.35 (30.4% above fair value)
  • GF Score™: 97/100 with 5 warning signs

No single metric tells the full story. See the GMWKF 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.
97GF Score

Get the complete analysis for GMWKF

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

$265.35
Price
$203.54
GF Value