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CD Projekt RedWAR:CDR +2.26%78 EV-to-EBITDA is 45.51 as of Aug. 13, 2026, which is 24% above its 10-year median of 36.79. GuruFocus rates WAR:CDR with a GF Score™ of 78/100 and a GF Value™ of zł144.07 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 376 Interactive Media companies, CD Projekt Red ranks worse than 91.49% on this metric.
EV-to-EBITDA is calculated as enterprise value divided by its EBITDA. As of today, CD Projekt Red's enterprise value is zł25,674.7 Mil.
CD Projekt Red's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 was zł564.1 Mil. Therefore, CD Projekt Red's EV-to-EBITDA for today is 45.51.
The historical rank and industry rank for CD Projekt Red's EV-to-EBITDA or its related term are showing as below:
WAR:CDR'
s EV-to-EBITDA Range Over the Past 10 Years
Min: 7.77 Med: 36.79 Max: 169.98
Current: 45.51
During the past 13 years, the highest EV-to-EBITDA of CD Projekt Red was 169.98. The lowest was 7.77. And the median was 36.79.
WAR:CDR's EV-to-EBITDA is ranked worse than 91.49% of 376
companies
in the Interactive Media industry
Industry Median: 7.385
vs WAR:CDR: 45.51
EV-to-EBITDA is a valuation multiple used in finance and investment to measure the value of a company. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio to determine the fair market value of a company.
EV-to-EBITDA is a valuation multiple used in finance and investment to measure the value of a company. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
CD Projekt Red's PE Ratio (TTM) for today is calculated as:
CD Projekt Red's share price for today is zł266.40.
CD Projekt Red's Earnings per Share (Diluted) 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 zł5.850.
* 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.
Study has found that the companies with the lowest EV-to-EBITDA outperforms companies measured as cheap by other ratios such as PE Ratio (TTM).
The historical data trend for CD Projekt Red's EV-to-EBITDA 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.
WAR:CDR vs NTES, EA, TTWO: EV-to-EBITDA Comparison
For the Electronic Gaming & Multimedia subindustry, CD Projekt Red's EV-to-EBITDA, along with its competitors' market caps and EV-to-EBITDA 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-EBITDA vs Interactive Media Industry
For the Interactive Media industry and Communication Services sector, CD Projekt Red's EV-to-EBITDA distribution charts can be found below:
* The bar in red indicates where CD Projekt Red's EV-to-EBITDA falls into.
CD Projekt Red's current Enterprise Value is zł25,674.7 Mil.
CD Projekt Red's EBITDA 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 zł564.1 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 (WAR:CDR) has a EV-to-EBITDA of 45.51 as of Aug. 13, 2026. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on CD Projekt Red. This is 24% above median its historical median of 36.79. Over the past decade, CD Projekt Red's EV-to-EBITDA has ranged from 7.77 to 169.98. According to the industry distribution chart, CD Projekt Red ranks #344 out of 376 companies in the Interactive Media industry, placing it in the top 91.5%.
Is CD Projekt Red's EV-to-EBITDA too high?
CD Projekt Red's current EV-to-EBITDA of 45.51 is 24% above median its 10-year median of 36.79. Over the past 10 years, this metric has ranged from a low of 7.77 to a high of 169.98. The Interactive Media industry median EV-to-EBITDA is 7.39. CD Projekt Red's value of 45.51 is 516.2% above this industry median. Based on the distribution chart, CD Projekt Red ranks #344 out of 376 companies in the Interactive Media industry, which is in the bottom quartile relative to peers. Overall, CD Projekt Red has a GF Score™ of 78/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does CD Projekt Red's EV-to-EBITDA compare to NTES and EA?
According to the Interactive Media industry distribution chart, CD Projekt Red ranks #344 out of 376 companies for EV-to-EBITDA. This places CD Projekt Red in the lower half of its industry. The industry median EV-to-EBITDA is 7.39. CD Projekt Red's value of 45.51 is 516.2% above this benchmark. Historically, CD Projekt Red's own EV-to-EBITDA has ranged from 7.77 to 169.98 over the past decade. While the company's 10-year median is 36.79 vs. the industry median of 7.39, 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-EBITDA for an Interactive Media company?
The median EV-to-EBITDA among Interactive Media companies is 7.39, based on 376 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-EBITDA significantly above this median, while those in the bottom quartile fall well below. However, EV-to-EBITDA should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. CD Projekt Red's current EV-to-EBITDA of 45.51 is 516.2% 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-EBITDA mean?
A high EV-to-EBITDA can signal that a stock is expensive relative to its fundamentals. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on CD Projekt Red. For the Interactive Media industry, the median EV-to-EBITDA is 7.39 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. CD Projekt Red's current EV-to-EBITDA is 45.51, which is 24% above median its own 10-year median of 36.79. 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 zł144.07, compared to a current price of zł266.40 — trading 84.9% above its estimated fair value. The current EV-to-EBITDA is 45.51, which is 24% above median its 10-year median of 36.79 and 516.2% above the Interactive Media industry median of 7.39. CD Projekt Red's overall GF Score™ is 78/100 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-EBITDA calculated?
EV-to-EBITDA is calculated from a company's financial statements. For CD Projekt Red (WAR:CDR), the current EV-to-EBITDA is 45.51 as of Aug. 13, 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 zł266.40 is trading 84.9% above its estimated GF Value™ of zł144.07.
GuruFocus considers CD Projekt Red to be Significantly Overvalued.
Key valuation signals for WAR:CDR:
EV-to-EBITDA: 45.51 (24% above median its 10-year median of 36.79)
GF Value™: zł144.07 vs. price of zł266.40 (84.9% above fair value)
Industry Position: 516.2% above the Interactive Media median (#344 of 376)
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 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.
78GF Score
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