Games Workshop Group (LSE:GAW) Dividend Payout Ratio: 0.71 (As of Nov. 2025) — 12% Below Median

What is Games Workshop Group Dividend Payout Ratio?

Games Workshop Group LSE:GAW -0.28% 95 Dividend Payout Ratio is 0.71 as of Nov. 2025, which is 12% below its 10-year median of 0.81. GuruFocus rates LSE:GAW with a GF Score™ of 95/100 and a GF Value™ of £147.40 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 343 Travel & Leisure companies, Games Workshop Group ranks worse than 84.84% on this metric.

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period. Games Workshop Group's Dividend Payout Ratio for the months ended in Nov. 2025 was 0.71.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Games Workshop Group PLC is 0.90, which seems too high.

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

LSE:GAW' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.6 Med: 0.81 Max: 1.01
Current: 0.9

During the past 13 years, the highest Dividend Payout Ratio of Games Workshop Group was 1.01. The lowest was 0.60. And the median was 0.81.

LSE:GAW's Dividend Payout Ratio is ranked worse than
84.84% of 343 companies
in the Travel & Leisure industry
Industry Median: 0.43 vs LSE:GAW: 0.90

As of today (2026-07-03), the Dividend Yield % of Games Workshop Group is 1.63%.

During the past 13 years, the highest Trailing Annual Dividend Yield of Games Workshop Group was 8.74%. The lowest was 1.21%. And the median was 3.27%.

Games Workshop Group's Dividends per Share for the months ended in Nov. 2025 was £2.25.

During the past 12 months, Games Workshop Group's average Dividends Per Share Growth Rate was 36.60% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 30.30% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 28.20% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 28.50% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Games Workshop Group was 82.40% per year. The lowest was -11.60% per year. And the median was 18.95% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.

* Please note that "special dividend" is not included in the calculation of dividend per share and related fields.

Games Workshop Group (LSE:GAW) Dividend Payout Ratio Explanation

In dividends investing, Dividend Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

Games Workshop Group Dividend Payout Ratio Related Terms

Games Workshop Group Dividend Payout Ratio Historical Data

* Premium members only.

The historical data trend for Games Workshop Group's Dividend Payout Ratio 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.

Games Workshop Group Dividend Payout Ratio Chart

Games Workshop Group Annual Data

Trend

May16

May17

May18

May19

May20

May21

May22

May23

May24

May25

Dividend Payout Ratio

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0.63

0.60

1.01

0.92

0.88

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
Dividend Payout Ratio	Get a 7-Day Free Trial															0.90	0.93	0.64	1.10	0.71

LSE:GAW vs AS, HAS, LTH: Dividend Payout Ratio Comparison

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

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

* The bar in red indicates where Games Workshop Group's Dividend Payout Ratio falls into.

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Games Workshop Group PLC LSE:GAW

Dividend Payout Ratio is just one metric. See GF Score™, valuation, warning signs, and more.

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Games Workshop Group Dividend Payout Ratio Calculation

Games Workshop Group's Dividend Payout Ratio for the fiscal year that ended in May. 2025 is calculated as

Dividend Payout Ratio	=	Dividends per Share (A: May. 2025 )	/	EPS without NRI (A: May. 2025 )
	=	5.2	/	5.935
	=	0.88

Games Workshop Group's Dividend Payout Ratio for the quarter that ended in Nov. 2025 is calculated as

Dividend Payout Ratio	=	Dividends per Share (Q: Nov. 2025 )	/	EPS without NRI (Q: Nov. 2025 )
	=	2.25	/	3.193
	=	0.70

Frequently Asked Questions Learn more about Dividend Payout Ratio →

What does a Dividend Payout Ratio of 0.71 mean?

Games Workshop Group (LSE:GAW) has a Dividend Payout Ratio of 0.71 as of Nov. 2025. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Games Workshop Group and its competitors. This is 12% below median its historical median of 0.81. Over the past decade, Games Workshop Group's Dividend Payout Ratio has ranged from 0.60 to 1.01. According to the industry distribution chart, Games Workshop Group ranks #291 out of 343 companies in the Travel & Leisure industry, placing it in the top 84.8%.

Is Games Workshop Group's Dividend Payout Ratio too high?

Games Workshop Group's current Dividend Payout Ratio of 0.71 is 12% below median its 10-year median of 0.81. Over the past 10 years, this metric has ranged from a low of 0.60 to a high of 1.01. The Travel & Leisure industry median Dividend Payout Ratio is 0.43. Games Workshop Group's value of 0.71 is 65.1% above this industry median. Based on the distribution chart, Games Workshop Group ranks #291 out of 343 companies in the Travel & Leisure industry, which is in the bottom quartile 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 Dividend Payout Ratio compare to AS and HAS?

According to the Travel & Leisure industry distribution chart, Games Workshop Group ranks #291 out of 343 companies for Dividend Payout Ratio. This places Games Workshop Group in the lower half of its industry. The industry median Dividend Payout Ratio is 0.43. Games Workshop Group's value of 0.71 is 65.1% above this benchmark. Historically, Games Workshop Group's own Dividend Payout Ratio has ranged from 0.60 to 1.01 over the past decade. While the company's 10-year median is 0.81 vs. the industry median of 0.43, 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 Dividend Payout Ratio for a Travel & Leisure company?

The median Dividend Payout Ratio among Travel & Leisure companies is 0.43, based on 343 companies in the industry. Companies in the top quartile (top 25%) have a Dividend Payout Ratio significantly above this median, while those in the bottom quartile fall well below. However, Dividend Payout Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Games Workshop Group's current Dividend Payout Ratio of 0.71 is 65.1% 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 Dividend Payout Ratio mean?

A high Dividend Payout Ratio can signal that a stock is expensive relative to its fundamentals. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Games Workshop Group and its competitors. For the Travel & Leisure industry, the median Dividend Payout Ratio is 0.43 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Games Workshop Group's current Dividend Payout Ratio is 0.71, which is 12% below median its own 10-year median of 0.81. 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 £147.40, compared to a current price of £214.80 — trading 45.7% above its estimated fair value. The current Dividend Payout Ratio is 0.71, which is 12% below median its 10-year median of 0.81 and 65.1% above the Travel & Leisure industry median of 0.43. 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 Dividend Payout Ratio calculated?

Dividend Payout Ratio is calculated from a company's financial statements. For Games Workshop Group (LSE:GAW), the current Dividend Payout Ratio is 0.71 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 £214.80 is trading 45.7% above its estimated GF Value™ of £147.40. GuruFocus considers Games Workshop Group to be Significantly Overvalued.

Key valuation signals for LSE:GAW:

Dividend Payout Ratio: 0.71 (12% below median its 10-year median of 0.81)
GF Value™: £147.40 vs. price of £214.80 (45.7% above fair value)
GF Score™: 95/100 with 5 warning signs
Industry Position: 65.1% above the Travel & Leisure median (#291 of 343)

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

Industry Consumer Cyclical Travel & Leisure

Comparable Companies LSE:BOWL LSE:GYM LSE:TUNE LSE:CCT LSE:XPF LSE:TND HKSE:09992 TSE:4661 HKSE:02020 AS TSE:7832 HAS TSE:7309 LTH GOLF HKSE:02331 TSE:7731 WAR:BFT XMAD:FDR PLNT

Other Exchanges GWKSY:USA GMWKF:USA GAWl:UK G7W:Germany

Address Willow Road, Lenton, Nottingham, GBR, NG7 2WS

Website https://www.games-workshop.com

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

£214.80

Price

£147.40

GF Value

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