Games Workshop Group (LSE:GAW) Interest Coverage: 175.50 (As of Nov. 2025) — Near Median


LSE:GAW Games Workshop Group PLC LSE:GAW
95 GF Score
Price £219.40
GF Value £147.23
Valuation Significantly Overvalued
! 5 Warning Signs
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What is Games Workshop Group Interest Coverage?

Games Workshop Group LSE:GAW +1.11% 95 Interest Coverage is 175.50 as of Nov. 2025, which is 9% below its 10-year median of 192.75. GuruFocus rates LSE:GAW with a GF Score™ of 95/100 and a GF Value™ of £147.23 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 611 Travel & Leisure companies, Games Workshop Group ranks better than 89.03% on this metric.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income by its Interest Expense. Games Workshop Group's Operating Income for the six months ended in Nov. 2025 was £140.4 Mil. Games Workshop Group's Interest Expense for the six months ended in Nov. 2025 was £-0.8 Mil. Games Workshop Group's interest coverage for the quarter that ended in Nov. 2025 was 175.50. The higher the ratio, the stronger the company's financial strength is.

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Games Workshop Group PLC has enough cash to cover all of its debt. Its financial situation is stable.

The historical rank and industry rank for Games Workshop Group's Interest Coverage or its related term are showing as below:

LSE:GAW' s Interest Coverage Range Over the Past 10 Years
Min: 128.57   Med: 192.75   Max: No Debt
Current: 183.73


LSE:GAW's Interest Coverage is ranked better than
89.03% of 611 companies
in the Travel & Leisure industry
Industry Median: 5.35 vs LSE:GAW: 183.73

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.


Games Workshop Group  (LSE:GAW) Interest Coverage Explanation

Ben Graham requires that a company has a minimum interest coverage of 5 with the companies he invested. If the interest coverage is less than 2, the company is burdened by debt. Any business slow or recession may drag the company into a situation where it cannot pay the interest on its debt.

Interest Coverage is an important factor when GuruFocus ranks a company's overage Financial Strength .


Games Workshop Group Interest Coverage Related Terms


Games Workshop Group Interest Coverage Historical Data

* Premium members only.

The historical data trend for Games Workshop Group's Interest Coverage 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.

Note: For Interest Coverage, "No debt" indicates no long-term debt. An indication of "No Debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

Games Workshop Group Interest Coverage Chart

Games Workshop Group Annual Data
Trend May16 May17 May18 May19 May20 May21 May22 May23 May24 May25
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only 151.70 196.38 189.11 155.23 186.64

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
Interest Coverage 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 189.00 134.13 180.14 193.14 175.50

LSE:GAW vs AS, HAS, LTH: Interest Coverage Comparison

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

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

* The bar in red indicates where Games Workshop Group's Interest Coverage falls into.


LSE:GAW
95GF Score
Games Workshop Group PLC LSE:GAW
Interest Coverage is just one metric. See GF Score™, valuation, warning signs, and more.
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Games Workshop Group Interest Coverage Calculation

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:

If Interest Expense is negative and Operating Income is positive, then

Interest Coverage=-1* Operating Income /Interest Expense

Else if Interest Expense is negative and Operating Income is negative, then

The company did not have earnings to cover the interest expense.

Else if Interest Expense is 0 and Long-Term Debt & Capital Lease Obligation is 0, then

The company had no debt (1).


Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Games Workshop Group's Interest Coverage for the fiscal year that ended in May. 2025 is calculated as

Here, for the fiscal year that ended in May. 2025, Games Workshop Group's Interest Expense was £-1.4 Mil. Its Operating Income was £261.3 Mil. And its Long-Term Debt & Capital Lease Obligation was £34.0 Mil.

Interest Coverage=-1* Operating Income (A: May. 2025 )/Interest Expense (A: May. 2025 )
=-1*261.3/-1.4
=186.64

Games Workshop Group's Interest Coverage for the quarter that ended in Nov. 2025 is calculated as

Here, for the six months ended in Nov. 2025, Games Workshop Group's Interest Expense was £-0.8 Mil. Its Operating Income was £140.4 Mil. And its Long-Term Debt & Capital Lease Obligation was £37.5 Mil.

Interest Coverage=-1* Operating Income (Q: Nov. 2025 )/Interest Expense (Q: Nov. 2025 )
=-1*140.4/-0.8
=175.50

* 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.

The higher the ratio, the stronger the company's Financial Strength is.

Frequently Asked Questions Learn more about Interest Coverage →
What does a Interest Coverage of 175.50 mean?
Games Workshop Group (LSE:GAW) has a Interest Coverage of 175.50 as of Nov. 2025. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Games Workshop Group and its competitors. This is near median its historical median of 192.75. Over the past decade, Games Workshop Group's Interest Coverage has ranged from 128.57 to 10,000.00. According to the industry distribution chart, Games Workshop Group ranks #67 out of 611 companies in the Travel & Leisure industry, placing it in the top 11%.
Is Games Workshop Group's Interest Coverage too high?
Games Workshop Group's current Interest Coverage of 175.50 is near median its 10-year median of 192.75. Over the past 10 years, this metric has ranged from a low of 128.57 to a high of 10,000.00. The Travel & Leisure industry median Interest Coverage is 5.35. Games Workshop Group's value of 175.50 is 3180.4% above this industry median. Based on the distribution chart, Games Workshop Group ranks #67 out of 611 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 95/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Games Workshop Group's Interest Coverage compare to AS and HAS?
According to the Travel & Leisure industry distribution chart, Games Workshop Group ranks #67 out of 611 companies for Interest Coverage. This places Games Workshop Group in the top 11% of its industry — outperforming the majority of peers. The industry median Interest Coverage is 5.35. Games Workshop Group's value of 175.50 is 3180.4% above this benchmark. Historically, Games Workshop Group's own Interest Coverage has ranged from 128.57 to 10,000.00 over the past decade. While the company's 10-year median is 192.75 vs. the industry median of 5.35, 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 Interest Coverage for a Travel & Leisure company?
The median Interest Coverage among Travel & Leisure companies is 5.35, based on 611 companies in the industry. Companies in the top quartile (top 25%) have a Interest Coverage significantly above this median, while those in the bottom quartile fall well below. However, Interest Coverage should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Games Workshop Group's current Interest Coverage of 175.50 is 3180.4% 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 Interest Coverage mean?
A high Interest Coverage can signal that a stock is expensive relative to its fundamentals. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Games Workshop Group and its competitors. For the Travel & Leisure industry, the median Interest Coverage is 5.35 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Games Workshop Group's current Interest Coverage is 175.50, which is near median its own 10-year median of 192.75. 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 £147.23, compared to a current price of £219.40 — trading 49% above its estimated fair value. The current Interest Coverage is 175.50, which is near median its 10-year median of 192.75 and 3180.4% above the Travel & Leisure industry median of 5.35. Games Workshop Group's overall GF Score™ is 95/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Interest Coverage calculated?
Interest Coverage is calculated from a company's financial statements. For Games Workshop Group (LSE:GAW), the current Interest Coverage is 175.50 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 £219.40 is trading 49% above its estimated GF Value™ of £147.23. GuruFocus considers Games Workshop Group to be Significantly Overvalued.

Key valuation signals for LSE:GAW:

  • Interest Coverage: 175.50 (near median its 10-year median of 192.75)
  • GF Value™: £147.23 vs. price of £219.40 (49% above fair value)
  • GF Score™: 95/100 with 5 warning signs
  • Industry Position: 3180.4% above the Travel & Leisure median (#67 of 611)

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.
95GF Score

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

£219.40
Price
£147.23
GF Value