GRAVITY Co (STU:GD8A) Net-Net Working Capital: €48.73 (As of Jun. 2026)

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STU:GD8A GRAVITY Co Ltd STU:GD8A
75 GF Score
Price €60.00
GF Value €52.25
Valuation Modestly Overvalued
! 6 Warning Signs
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What is GRAVITY Co Net-Net Working Capital?

GRAVITY Co STU:GD8A -2.44% 75 Net-Net Working Capital is €48.73 as of Jun. 2026. GuruFocus rates STU:GD8A with a GF Score™ of 75/100 and a GF Value™ of €52.25 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 296 Interactive Media companies, GRAVITY Co ranks better than 87.5% on this metric.

In calculating the Net-Net Working Capital (NNWC), Benjamin Graham assumed that a company's accounts receivable is only worth 75% its value, its inventory is only worth 50% of its value, but its liabilities have to be paid in full. In addition, Graham believed that preferred stock belongs on the liability side of the balance sheet, not as part of capital and surplus. This is a conservative way of estimating the company's value.

GRAVITY Co's Net-Net Working Capital for the quarter that ended in Jun. 2026 was €48.73.

The industry rank for GRAVITY Co's Net-Net Working Capital or its related term are showing as below:

STU:GD8A's Price-to-Net-Net-Working-Capital is ranked better than
87.5% of 296 companies
in the Interactive Media industry
Industry Median: 5.035 vs STU:GD8A: 1.25

GRAVITY Co  (STU:GD8A) Net-Net Working Capital Explanation

One research study, covering the years 1970 through 1983 showed that portfolios picked at the beginning of each year, and held for one year, returned 29.4 percent, on average, over the 13-year period, compared to 11.5 percent for the S&P 500 Index. Other studies of Graham's strategy produced similar results.

Benjamin Graham looked for companies whose market values were less than two-thirds of their net-net value. They are collected under our Net-Net screener.


GRAVITY Co Net-Net Working Capital Related Terms


GRAVITY Co Net-Net Working Capital Historical Data

* Premium members only.

The historical data trend for GRAVITY Co's Net-Net Working Capital 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.

GRAVITY Co Net-Net Working Capital Chart

GRAVITY Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only Premium Member Only 22.13 29.79 40.88 47.90 46.92

GRAVITY Co Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Net-Net Working Capital 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 47.17 48.34 46.92 46.69 48.73

STU:GD8A vs SOHU, DDI, GDEV: Net-Net Working Capital Comparison

For the Electronic Gaming & Multimedia subindustry, GRAVITY Co's Price-to-Net-Net-Working-Capital, along with its competitors' market caps and Price-to-Net-Net-Working-Capital 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.


GRAVITY Co Price-to-Net-Net-Working-Capital vs Interactive Media Industry

For the Interactive Media industry and Communication Services sector, GRAVITY Co's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where GRAVITY Co's Price-to-Net-Net-Working-Capital falls into.


STU:GD8A
75GF Score
GRAVITY Co Ltd STU:GD8A
Net-Net Working Capital is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

GRAVITY Co Net-Net Working Capital Calculation

GRAVITY Co's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Dec. 2025 is calculated as

Net-Net Working Capital(A: Dec. 2025 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(363.061+0.75 * 32.822+0.5 * 0-61.366
-0-0.296)/6.949
=46.92

GRAVITY Co's Net-Net Working Capital (NNWC) per share for the quarter that ended in Jun. 2026 is calculated as

Net-Net Working Capital(Q: Jun. 2026 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(371.551+0.75 * 43.347+0.5 * 0-65.147
-0-0.293)/6.949
=48.73

* 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.

In calculating the Net-Net Working Capital (NNWC), Benjamin Graham assumed that a company's accounts receivable is only worth 75% its value, its inventory is only worth 50% of its value, but its liabilities have to be paid in full.

In addition, Graham believed that preferred stock belongs on the liability side of the balance sheet, not as part of capital and surplus. In "Security Analysis", preferred stock is dubbed "an imperfect creditorship position" that is best placed on the balance sheet alongside funded debt.

This is a conservative way of estimating the company's value.

What does a Net-Net Working Capital of €48.73 mean?
GRAVITY Co (STU:GD8A) has a Net-Net Working Capital of €48.73 as of Jun. 2026. Ben Graham defined net-net working capital as the per-share sum of cash, 75% of receivables and 50% of inventory less total liabilities. View historical data on GRAVITY Co According to the industry distribution chart, GRAVITY Co ranks #37 out of 296 companies in the Interactive Media industry, placing it in the top 12.5%.
Is GRAVITY Co's Net-Net Working Capital too high?
GRAVITY Co's current Net-Net Working Capital is €48.73. Based on the distribution chart, GRAVITY Co ranks #37 out of 296 companies in the Interactive Media industry, which is in the top quartile — a strong position relative to peers. Overall, GRAVITY Co has a GF Score™ of 75/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does GRAVITY Co's Net-Net Working Capital compare to SOHU and DDI?
According to the Interactive Media industry distribution chart, GRAVITY Co ranks #37 out of 296 companies for Net-Net Working Capital. This places GRAVITY Co in the top 13% of its industry — outperforming the majority of peers. The industry median Net-Net Working Capital is 5.04. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net-Net Working Capital for an Interactive Media company?
The median Net-Net Working Capital among Interactive Media companies is 5.04, based on 296 companies in the industry. Companies in the top quartile (top 25%) have a Net-Net Working Capital significantly above this median, while those in the bottom quartile fall well below. However, Net-Net Working Capital should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Net-Net Working Capital mean?
A high Net-Net Working Capital can signal that a stock is expensive relative to its fundamentals. Ben Graham defined net-net working capital as the per-share sum of cash, 75% of receivables and 50% of inventory less total liabilities. View historical data on GRAVITY Co For the Interactive Media industry, the median Net-Net Working Capital is 5.04 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. GRAVITY Co's current Net-Net Working Capital is €48.73. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is GRAVITY Co stock overvalued right now?
Based on GuruFocus' analysis, GRAVITY Co (STU:GD8A) is currently considered Modestly Overvalued. The stock's GF Value™ is €52.25, compared to a current price of €60.00 — trading 14.8% above its estimated fair value. The current Net-Net Working Capital is €48.73. GRAVITY Co's overall GF Score™ is 75/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net-Net Working Capital calculated?
Net-Net Working Capital is calculated from a company's financial statements. For GRAVITY Co (STU:GD8A), the current Net-Net Working Capital is €48.73 as of Jun. 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 GRAVITY Co (STU:GD8A) Overvalued in 2026?

Based on GuruFocus' analysis, GRAVITY Co stock appears to be overvalued. The current stock price of €60.00 is trading 14.8% above its estimated GF Value™ of €52.25. GuruFocus considers GRAVITY Co to be Modestly Overvalued.

Key valuation signals for STU:GD8A:

  • Net-Net Working Capital: €48.73
  • GF Value™: €52.25 vs. price of €60.00 (14.8% above fair value)
  • GF Score™: 75/100 with 6 warning signs

No single metric tells the full story. See the STU:GD8A stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


GRAVITY Co Business Description

Other Exchanges GRVY:USA
Address 15th Floor, 396 World Cup buk-ro, Mapo-gu, Seoul, KOR, 03925
GRAVITY Co Ltd is an online and mobile games developer and publisher based in Korea. The gaming products of the company include Ragnarok Online, Requiem, Dragonica (Dragon Saga), Ragnarok Online II, Requiem Online, and R.O.S.E. Online. The company generates revenue from online games, mobile games and other sources including character based merchandise and animation. Geographically, it derives maximum revenue from Taiwan.
75GF Score

Get the complete analysis for STU:GD8A

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

€60.00
Price
€52.25
GF Value