Games Workshop GroupGMWKF -2.91%97 PB Ratio is 21.42 as of Jul. 07, 2026, which is 54% above its 10-year median of 13.89. GuruFocus rates GMWKF with a GF Score™ of 97/100 and a GF Value™ of $199.08 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 793 Travel & Leisure companies, Games Workshop Group ranks worse than 97.48% on this metric.
The historical rank and industry rank for Games Workshop Group's PB Ratio or its related term are showing as below:
GMWKF'
s PB Ratio Range Over the Past 10 Years
Min: 2.76 Med: 13.89 Max: 29.18
Current: 20.96
During the past 13 years, Games Workshop Group's highest PB Ratio was 29.18. The lowest was 2.76. And the median was 13.89.
GMWKF's PB Ratio is ranked worse than 97.48% of 793
companies
in the Travel & Leisure industry
Industry Median: 1.5
vs GMWKF: 20.96
During the past 12 months, Games Workshop Group's average Book Value Per Share Growth Rate was 10.30% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 6.00% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 13.40% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 20.90% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Games Workshop Group was 53.30% per year. The lowest was -12.30% per year. And the median was 10.35% per year.
Back to Basics: PB Ratio
Games Workshop Group (OTCPK:GMWKF) PB Ratio Explanation
The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.
Be Aware
Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.
Games Workshop Group PB Ratio Related Terms
Games Workshop Group PB Ratio Historical Data
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The historical data trend for Games Workshop Group's PB 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.
For the Leisure subindustry, Games Workshop Group's PB Ratio, along with its competitors' market caps and PB 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 PB Ratio vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Games Workshop Group's PB Ratio distribution charts can be found below:
* The bar in red indicates where Games Workshop Group's PB Ratio falls into.
The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.
* 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.
It can also be calculated from the numbers for the whole company:
A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.
Games Workshop Group (GMWKF) has a PB Ratio of 21.42 as of Jul. 07, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Games Workshop Group and its competitors. This is 54% above median its historical median of 13.89. Over the past decade, Games Workshop Group's PB Ratio has ranged from 2.76 to 29.18. According to the industry distribution chart, Games Workshop Group ranks #773 out of 793 companies in the Travel & Leisure industry, placing it in the top 97.5%.
Is Games Workshop Group's PB Ratio too high?
Games Workshop Group's current PB Ratio of 21.42 is 54% above median its 10-year median of 13.89. Over the past 10 years, this metric has ranged from a low of 2.76 to a high of 29.18. The Travel & Leisure industry median PB Ratio is 1.50. Games Workshop Group's value of 21.42 is 1328% above this industry median. Based on the distribution chart, Games Workshop Group ranks #773 out of 793 companies in the Travel & Leisure industry, which is in the bottom quartile relative to peers. Overall, Games Workshop Group has a GF Score™ of 97/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Games Workshop Group's PB Ratio compare to AS and HAS?
According to the Travel & Leisure industry distribution chart, Games Workshop Group ranks #773 out of 793 companies for PB Ratio. This places Games Workshop Group in the lower half of its industry. The industry median PB Ratio is 1.50. Games Workshop Group's value of 21.42 is 1328% above this benchmark. Historically, Games Workshop Group's own PB Ratio has ranged from 2.76 to 29.18 over the past decade. While the company's 10-year median is 13.89 vs. the industry median of 1.50, 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 PB Ratio for a Travel & Leisure company?
The median PB Ratio among Travel & Leisure companies is 1.50, based on 793 companies in the industry. Companies in the top quartile (top 25%) have a PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Games Workshop Group's current PB Ratio of 21.42 is 1328% 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 PB Ratio mean?
A high PB Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Games Workshop Group and its competitors. For the Travel & Leisure industry, the median PB Ratio is 1.50 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Games Workshop Group's current PB Ratio is 21.42, which is 54% above median its own 10-year median of 13.89. 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 (GMWKF) is currently considered Significantly Overvalued. The stock's GF Value™ is $199.08, compared to a current price of $271.90 — trading 36.6% above its estimated fair value. The current PB Ratio is 21.42, which is 54% above median its 10-year median of 13.89 and 1328% above the Travel & Leisure industry median of 1.50. Games Workshop Group's overall GF Score™ is 97/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is PB Ratio calculated?
PB Ratio is calculated from a company's financial statements. For Games Workshop Group (GMWKF), the current PB Ratio is 21.42 as of Jul. 07, 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 Games Workshop Group (GMWKF) Overvalued in 2026?
Based on GuruFocus' analysis, Games Workshop Group stock appears to be overvalued.
The current stock price of $271.90 is trading 36.6% above its estimated GF Value™ of $199.08.
GuruFocus considers Games Workshop Group to be Significantly Overvalued.
Key valuation signals for GMWKF:
PB Ratio: 21.42 (54% above median its 10-year median of 13.89)
GF Value™: $199.08 vs. price of $271.90 (36.6% above fair value)
Industry Position: 1328% above the Travel & Leisure median (#773 of 793)
No single metric tells the full story. See the GMWKF 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.
97GF Score
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