CD Projekt Red (WAR:CDR) EV-to-EBIT: 46.50 (As of Aug. 12, 2026) — 15% Above Median

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WAR:CDR CD Projekt Red SA WAR:CDR
68 GF Score
Price zł260.50
GF Value zł148.66
Valuation Significantly Overvalued
! 3 Warning Signs
View Full Analysis

What is CD Projekt Red EV-to-EBIT?

CD Projekt Red WAR:CDR +1.32% 68 EV-to-EBIT is 46.50 as of Aug. 12, 2026, which is 15% above its 10-year median of 40.32. GuruFocus rates WAR:CDR with a GF Score™ of 68/100 and a GF Value™ of zł148.66 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 331 Interactive Media companies, CD Projekt Red ranks worse than 89.43% on this metric.

EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, CD Projekt Red's Enterprise Value is zł25,085.2 Mil. CD Projekt Red's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 was zł539.4 Mil. Therefore, CD Projekt Red's EV-to-EBIT for today is 46.50.

The historical rank and industry rank for CD Projekt Red's EV-to-EBIT or its related term are showing as below:

WAR:CDR' s EV-to-EBIT Range Over the Past 10 Years
Min: 9.56   Med: 40.32   Max: 224.49
Current: 46.51

During the past 13 years, the highest EV-to-EBIT of CD Projekt Red was 224.49. The lowest was 9.56. And the median was 40.32.

WAR:CDR's EV-to-EBIT is ranked worse than
89.43% of 331 companies
in the Interactive Media industry
Industry Median: 9.51 vs WAR:CDR: 46.51

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt) %. CD Projekt Red's Enterprise Value for the quarter that ended in Mar. 2026 was zł22,665.9 Mil. CD Projekt Red's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 was zł539.4 Mil. CD Projekt Red's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 2.38%.


CD Projekt Red  (WAR:CDR) EV-to-EBIT Explanation

This is a more accurate valuation of companies' operation because it considers the debt and cash on its balance sheet, and non-operating items such as interest payment, tax, and one-time items are not included in the Operating Income.

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt) %.

CD Projekt Red's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

Earnings Yield (Joel Greenblatt) % (Q: Mar. 2026 ) =EBIT / Enterprise Value (Q: Mar. 2026 )
=539.41/22665.9416
=2.38 %

CD Projekt Red's Enterprise Value for the quarter that ended in Mar. 2026 was zł22,665.9 Mil.
CD Projekt Red's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was zł539.4 Mil.

* 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.


CD Projekt Red EV-to-EBIT Related Terms


CD Projekt Red EV-to-EBIT Historical Data

* Premium members only.

The historical data trend for CD Projekt Red's EV-to-EBIT 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.

CD Projekt Red EV-to-EBIT Chart

CD Projekt Red Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EV-to-EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 83.14 30.56 19.67 41.83 42.93

CD Projekt Red Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
EV-to-EBIT 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 44.97 59.14 45.22 42.93 42.02

WAR:CDR vs NTES, EA, TTWO: EV-to-EBIT Comparison

For the Electronic Gaming & Multimedia subindustry, CD Projekt Red's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT 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.


CD Projekt Red EV-to-EBIT vs Interactive Media Industry

For the Interactive Media industry and Communication Services sector, CD Projekt Red's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where CD Projekt Red's EV-to-EBIT falls into.


WAR:CDR
68GF Score
CD Projekt Red SA WAR:CDR
EV-to-EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

CD Projekt Red EV-to-EBIT Calculation

CD Projekt Red's EV-to-EBIT for today is calculated as:

EV-to-EBIT=Enterprise Value (Today)/EBIT (TTM)
=25085.201/539.41
=46.50

CD Projekt Red's current Enterprise Value is zł25,085.2 Mil.
CD Projekt Red's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was zł539.4 Mil.

* 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 EV-to-EBIT →
What does a EV-to-EBIT of 46.50 mean?
CD Projekt Red (WAR:CDR) has a EV-to-EBIT of 46.50 as of Aug. 12, 2026. EV to EBIT ratio is the inverse of Joel Greenblatt's earnings yield definition. View historical data on CD Projekt Red and its competitors. This is 15% above median its historical median of 40.32. Over the past decade, CD Projekt Red's EV-to-EBIT has ranged from 9.56 to 224.49. According to the industry distribution chart, CD Projekt Red ranks #296 out of 331 companies in the Interactive Media industry, placing it in the top 89.4%.
Is CD Projekt Red's EV-to-EBIT too high?
CD Projekt Red's current EV-to-EBIT of 46.50 is 15% above median its 10-year median of 40.32. Over the past 10 years, this metric has ranged from a low of 9.56 to a high of 224.49. The Interactive Media industry median EV-to-EBIT is 9.51. CD Projekt Red's value of 46.50 is 389% above this industry median. Based on the distribution chart, CD Projekt Red ranks #296 out of 331 companies in the Interactive Media industry, which is in the bottom quartile relative to peers. Overall, CD Projekt Red has a GF Score™ of 68/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does CD Projekt Red's EV-to-EBIT compare to NTES and EA?
According to the Interactive Media industry distribution chart, CD Projekt Red ranks #296 out of 331 companies for EV-to-EBIT. This places CD Projekt Red in the lower half of its industry. The industry median EV-to-EBIT is 9.51. CD Projekt Red's value of 46.50 is 389% above this benchmark. Historically, CD Projekt Red's own EV-to-EBIT has ranged from 9.56 to 224.49 over the past decade. While the company's 10-year median is 40.32 vs. the industry median of 9.51, CD Projekt Red 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 EV-to-EBIT for an Interactive Media company?
The median EV-to-EBIT among Interactive Media companies is 9.51, based on 331 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-EBIT significantly above this median, while those in the bottom quartile fall well below. However, EV-to-EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. CD Projekt Red's current EV-to-EBIT of 46.50 is 389% 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 EV-to-EBIT mean?
A high EV-to-EBIT can signal that a stock is expensive relative to its fundamentals. EV to EBIT ratio is the inverse of Joel Greenblatt's earnings yield definition. View historical data on CD Projekt Red and its competitors. For the Interactive Media industry, the median EV-to-EBIT is 9.51 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. CD Projekt Red's current EV-to-EBIT is 46.50, which is 15% above median its own 10-year median of 40.32. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CD Projekt Red stock overvalued right now?
Based on GuruFocus' analysis, CD Projekt Red (WAR:CDR) is currently considered Significantly Overvalued. The stock's GF Value™ is zł148.66, compared to a current price of zł260.50 — trading 75.2% above its estimated fair value. The current EV-to-EBIT is 46.50, which is 15% above median its 10-year median of 40.32 and 389% above the Interactive Media industry median of 9.51. CD Projekt Red's overall GF Score™ is 68/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-EBIT calculated?
EV-to-EBIT is calculated from a company's financial statements. For CD Projekt Red (WAR:CDR), the current EV-to-EBIT is 46.50 as of Aug. 12, 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 CD Projekt Red (WAR:CDR) Overvalued in 2026?

Based on GuruFocus' analysis, CD Projekt Red stock appears to be overvalued. The current stock price of zł260.50 is trading 75.2% above its estimated GF Value™ of zł148.66. GuruFocus considers CD Projekt Red to be Significantly Overvalued.

Key valuation signals for WAR:CDR:

  • EV-to-EBIT: 46.50 (15% above median its 10-year median of 40.32)
  • GF Value™: zł148.66 vs. price of zł260.50 (75.2% above fair value)
  • GF Score™: 68/100 with 3 warning signs
  • Industry Position: 389% above the Interactive Media median (#296 of 331)

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


CD Projekt Red Business Description

Other Exchanges OTGLY:USA7CD:Germany
Address ul. Jagiellonska 74, Building E, Warsaw, POL, 03-301
CD Projekt SA is the holding company of the CD Projekt capital group. The firm, with its subsidiary, develops and publishes video games for hardware platforms such as Steam, PlayStation Store, Xbox Games Store, Nintendo, App Store, Humble Bundle, Origin, and its own proprietary GOG.com platform. It is also involved in international digital video game distribution. The firm has CD Projekt Red and GOG.com segments. It derives the majority of its revenues from the CD Projekt Red segment.
68GF Score

Get the complete analysis for WAR:CDR

EV-to-EBIT is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

zł260.50
Price
zł148.66
GF Value