Games Workshop GroupLSE:GAW +7.18%95 Net Margin % is 31.77% as of Nov. 2025, which is 15% above its 10-year median of 27.74. GuruFocus rates LSE:GAW with a GF Score™ of 95/100 and a GF Value™ of £147.20 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 847 Travel & Leisure companies, Games Workshop Group ranks better than 93.98% on this metric.
The historical rank and industry rank for Games Workshop Group's Net Margin % or its related term are showing as below:
LSE:GAW'
s Net Margin % Range Over the Past 10 Years
Min: 11.43 Med: 27.74 Max: 33.02
Current: 31.75
LSE:GAW's Net Margin % is ranked better than 93.98% of 847
companies
in the Travel & Leisure industry
Industry Median: 4.74
vs LSE:GAW: 31.75
Games Workshop Group (LSE:GAW) Net Margin % Explanation
Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.
But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.
Games Workshop Group Net Margin % Related Terms
Games Workshop Group Net Margin % Historical Data
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The historical data trend for Games Workshop Group's Net 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.
For the Leisure subindustry, Games Workshop Group's Net Margin %, along with its competitors' market caps and Net 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 Net Margin % vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Games Workshop Group's Net Margin % distribution charts can be found below:
* The bar in red indicates where Games Workshop Group's Net Margin % falls into.
* 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 (LSE:GAW) has a Net Margin % of 31.77% as of Nov. 2025. Net margin is the ratio of total net income to net sales. View historical data on Games Workshop Group and its competitors. This is 15% above median its historical median of 27.74. Over the past decade, Games Workshop Group's Net Margin % has ranged from 11.43 to 33.02. According to the industry distribution chart, Games Workshop Group ranks #51 out of 847 companies in the Travel & Leisure industry, placing it in the top 6%.
Is Games Workshop Group's Net Margin % too high?
Games Workshop Group's current Net Margin % of 31.77% is 15% above median its 10-year median of 27.74. Over the past 10 years, this metric has ranged from a low of 11.43 to a high of 33.02. The Travel & Leisure industry median Net Margin % is 4.74. Games Workshop Group's value of 31.77% is 570.3% above this industry median. Based on the distribution chart, Games Workshop Group ranks #51 out of 847 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 Net Margin % compare to AS and HAS?
According to the Travel & Leisure industry distribution chart, Games Workshop Group ranks #51 out of 847 companies for Net Margin %. This places Games Workshop Group in the top 6% of its industry — outperforming the majority of peers. The industry median Net Margin % is 4.74. Games Workshop Group's value of 31.77% is 570.3% above this benchmark. Historically, Games Workshop Group's own Net Margin % has ranged from 11.43 to 33.02 over the past decade. While the company's 10-year median is 27.74 vs. the industry median of 4.74, 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 Net Margin % for a Travel & Leisure company?
The median Net Margin % among Travel & Leisure companies is 4.74, based on 847 companies in the industry. Companies in the top quartile (top 25%) have a Net Margin % significantly above this median, while those in the bottom quartile fall well below. However, Net Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Games Workshop Group's current Net Margin % of 31.77% is 570.3% 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 Net Margin % mean?
A high Net Margin % can signal that a stock is expensive relative to its fundamentals. Net margin is the ratio of total net income to net sales. View historical data on Games Workshop Group and its competitors. For the Travel & Leisure industry, the median Net Margin % is 4.74 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Games Workshop Group's current Net Margin % is 31.77%, which is 15% above median its own 10-year median of 27.74. 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 Net Margin % is 31.77%, which is 15% above median its 10-year median of 27.74 and 570.3% above the Travel & Leisure industry median of 4.74. 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 Net Margin % calculated?
Net Margin % is calculated from a company's financial statements. For Games Workshop Group (LSE:GAW), the current Net Margin % is 31.77% 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:
Net Margin %: 31.77% (15% above median its 10-year median of 27.74)
GF Value™: £147.20 vs. price of £218.00 (48.1% above fair value)
Industry Position: 570.3% above the Travel & Leisure median (#51 of 847)
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 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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