Games Workshop Group (LSE:GAW) EBITDA Margin %: 49.47% (As of Nov. 2025) — 13% Above Median


LSE:GAW Games Workshop Group PLC LSE:GAW
98 GF Score
Price £218.00
GF Value £147.20
Valuation Significantly Overvalued
! 5 Warning Signs
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What is Games Workshop Group EBITDA Margin %?

Games Workshop Group LSE:GAW +7.18% 98 EBITDA Margin % is 49.47% as of Nov. 2025, which is 13% above its 10-year median of 43.75. GuruFocus rates LSE:GAW with a GF Score™ of 98/100 and a GF Value™ of £147.20 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 845 Travel & Leisure companies, Games Workshop Group ranks better than 92.54% on this metric.

EBITDA Margin % is calculated as EBITDA divided by its Revenue. Games Workshop Group's EBITDA for the six months ended in Nov. 2025 was £164.3 Mil. Games Workshop Group's Revenue for the six months ended in Nov. 2025 was £332.1 Mil. Therefore, Games Workshop Group's EBITDA margin for the quarter that ended in Nov. 2025 was 49.47%.


Games Workshop Group  (LSE:GAW) EBITDA Margin % Explanation

EBITDA Margin % is the ratio of EBITDA divided by net sales or Revenue. It is an performance metric measuring company's operating profitability. EBITDA Margin takes depreciation and amortization, interest expense and tax into account, which makes it easy to compare the relative profitability of companies of different sizes in the same industry.


Games Workshop Group EBITDA Margin % Related Terms


Games Workshop Group EBITDA Margin % Historical Data

* Premium members only.

The historical data trend for Games Workshop Group's EBITDA Margin % 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 EBITDA Margin % Chart

Games Workshop Group Annual Data
Trend May16 May17 May18 May19 May20 May21 May22 May23 May24 May25
EBITDA Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 48.20 46.31 44.82 46.28 49.89

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
EBITDA Margin % 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 46.10 46.44 49.75 50.03 49.47

LSE:GAW vs AS, HAS, LTH: EBITDA Margin % Comparison

For the Leisure subindustry, Games Workshop Group's EBITDA Margin %, along with its competitors' market caps and EBITDA Margin % 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 EBITDA Margin % vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Games Workshop Group's EBITDA Margin % distribution charts can be found below:

* The bar in red indicates where Games Workshop Group's EBITDA Margin % falls into.


LSE:GAW
98GF Score
Games Workshop Group PLC LSE:GAW
EBITDA Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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Games Workshop Group EBITDA Margin % Calculation

EBITDA margin is the ratio of EBITDA divided by net sales or Revenue, usually presented in percent.

Games Workshop Group's EBITDA Margin % for the fiscal year that ended in May. 2025 is calculated as

EBITDA Margin %=EBITDA (A: May. 2025 )/Revenue (A: May. 2025 )
=308.1/617.5
=49.89 %

Games Workshop Group's EBITDA Margin % for the quarter that ended in Nov. 2025 is calculated as

EBITDA Margin %=EBITDA (Q: Nov. 2025 )/Revenue (Q: Nov. 2025 )
=164.3/332.1
=49.47 %

* 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.

Frequently Asked Questions Learn more about EBITDA Margin % →
What does a EBITDA Margin % of 49.47% mean?
Games Workshop Group (LSE:GAW) has a EBITDA Margin % of 49.47% as of Nov. 2025. EBITDA Margin is the ratio of EBITDA divided by net sales or Revenue, usually presented in percent. View historical data on Games Workshop Group and its competitors. This is 13% above median its historical median of 43.75. Over the past decade, Games Workshop Group's EBITDA Margin % has ranged from 23.16 to 49.89. According to the industry distribution chart, Games Workshop Group ranks #63 out of 845 companies in the Travel & Leisure industry, placing it in the top 7.5%.
Is Games Workshop Group's EBITDA Margin % too high?
Games Workshop Group's current EBITDA Margin % of 49.47% is 13% above median its 10-year median of 43.75. Over the past 10 years, this metric has ranged from a low of 23.16 to a high of 49.89. The Travel & Leisure industry median EBITDA Margin % is 15.67. Games Workshop Group's value of 49.47% is 215.7% above this industry median. Based on the distribution chart, Games Workshop Group ranks #63 out of 845 companies in the Travel & Leisure industry, which is in the top quartile — a strong position 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 EBITDA Margin % compare to AS and HAS?
According to the Travel & Leisure industry distribution chart, Games Workshop Group ranks #63 out of 845 companies for EBITDA Margin %. This places Games Workshop Group in the top 8% of its industry — outperforming the majority of peers. The industry median EBITDA Margin % is 15.67. Games Workshop Group's value of 49.47% is 215.7% above this benchmark. Historically, Games Workshop Group's own EBITDA Margin % has ranged from 23.16 to 49.89 over the past decade. While the company's 10-year median is 43.75 vs. the industry median of 15.67, 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 EBITDA Margin % for a Travel & Leisure company?
The median EBITDA Margin % among Travel & Leisure companies is 15.67, based on 845 companies in the industry. Companies in the top quartile (top 25%) have a EBITDA Margin % significantly above this median, while those in the bottom quartile fall well below. However, EBITDA Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Games Workshop Group's current EBITDA Margin % of 49.47% is 215.7% 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 EBITDA Margin % mean?
A high EBITDA Margin % can signal that a stock is expensive relative to its fundamentals. EBITDA Margin is the ratio of EBITDA divided by net sales or Revenue, usually presented in percent. View historical data on Games Workshop Group and its competitors. For the Travel & Leisure industry, the median EBITDA Margin % is 15.67 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Games Workshop Group's current EBITDA Margin % is 49.47%, which is 13% above median its own 10-year median of 43.75. 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 (LSE:GAW) is currently considered Significantly Overvalued. The stock's GF Value™ is £147.20, compared to a current price of £218.00 — trading 48.1% above its estimated fair value. The current EBITDA Margin % is 49.47%, which is 13% above median its 10-year median of 43.75 and 215.7% above the Travel & Leisure industry median of 15.67. 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 EBITDA Margin % calculated?
EBITDA Margin % is calculated from a company's financial statements. For Games Workshop Group (LSE:GAW), the current EBITDA Margin % is 49.47% as of Nov. 2025. 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 (LSE:GAW) Overvalued in 2026?

Based on GuruFocus' analysis, Games Workshop Group stock appears to be overvalued. The current stock price of £218.00 is trading 48.1% above its estimated GF Value™ of £147.20. GuruFocus considers Games Workshop Group to be Significantly Overvalued.

Key valuation signals for LSE:GAW:

  • EBITDA Margin %: 49.47% (13% above median its 10-year median of 43.75)
  • GF Value™: £147.20 vs. price of £218.00 (48.1% above fair value)
  • GF Score™: 98/100 with 5 warning signs
  • Industry Position: 215.7% above the Travel & Leisure median (#63 of 845)

No single metric tells the full story. See the LSE:GAW 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

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EBITDA Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

£218.00
Price
£147.20
GF Value