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Games Workshop GroupCHIX:GAWL +0.46%96 Return-on-Tangible-Asset is 55.18% as of Nov. 2025, which is 17% above its 10-year median of 47.36. GuruFocus rates CHIX:GAWL with a GF Score™ of 96/100 and a GF Value™ of £147.20 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 854 Travel & Leisure companies, Games Workshop Group ranks better than 99.3% on this metric.
Return-on-Tangible-Asset is calculated as Net Income divided by its average total tangible assets. Total tangible assets equals to Total Assets minus Intangible Assets. Games Workshop Group's annualizedNet Income for the quarter that ended in Nov. 2025 was £211.0 Mil. Games Workshop Group's average total tangible assets for the quarter that ended in Nov. 2025 was £382.4 Mil. Therefore, Games Workshop Group's annualized Return-on-Tangible-Asset for the quarter that ended in Nov. 2025 was 55.18%.
The historical rank and industry rank for Games Workshop Group's Return-on-Tangible-Asset or its related term are showing as below:
CHIX:GAWl'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 23.33 Med: 47.36 Max: 67.94
Current: 54.43
During the past 13 years, Games Workshop Group's highest Return-on-Tangible-Asset was 67.94%. The lowest was 23.33%. And the median was 47.36%.
CHIX:GAWl's Return-on-Tangible-Asset is ranked better than 99.3% of 854
companies
in the Travel & Leisure industry
Industry Median: 2.74
vs CHIX:GAWl: 54.43
Games Workshop Group (CHIX:GAWl) Return-on-Tangible-Asset Explanation
Return-on-Tangible-Asset measures the rate of return on the average total tangible assets (total assets minus intangible assets). Tangible means physical in nature. Intangible Assets are assets that are not physical in nature, and typically "derive their value from legal or intellectual rights." Return-on-Tangible-Asset measures a firm's efficiency at generating profits from its tangible assets. It shows how well a company uses what it has to generate earnings. Return-on-Tangible-Assets can vary drastically across industries. Therefore, Return-on-Tangible-Asset should not be used to compare companies in different industries.
Be Aware
Like ROE and ROA, Return-on-Tangible-Asset is calculated with only 12 months data. Fluctuations in the companys earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. Return-on-Tangible-Asset can be affected by events such as stock buyback or issuance, and by a companys tax rate and its interest payment. Return-on-Tangible-Asset may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high Return-on-Tangible-Asset may indicate vulnerability in the durability of the competitive advantage.
Games Workshop Group Return-on-Tangible-Asset Related Terms
Games Workshop Group Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Games Workshop Group's Return-on-Tangible-Asset 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 Return-on-Tangible-Asset Chart
CHIX:GAWL vs AS, HAS, LTH: Return-on-Tangible-Asset Comparison
For the Leisure subindustry, Games Workshop Group's Return-on-Tangible-Asset, along with its competitors' market caps and Return-on-Tangible-Asset 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 Return-on-Tangible-Asset vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Games Workshop Group's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Games Workshop Group's Return-on-Tangible-Asset 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.
In the calculation of annual Return-on-Tangible-Asset, the net income of the last fiscal year and the average total tangible assets over the fiscal year are used. In calculating the quarterly data,
the Net Income data used here is two times the semi-annual (Nov. 2025) net income data.
What does a Return-on-Tangible-Asset of 55.18% mean?
Games Workshop Group (CHIX:GAWL) has a Return-on-Tangible-Asset of 55.18% as of Nov. 2025. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Games Workshop Group and its competitors. This is 17% above median its historical median of 47.36. Over the past decade, Games Workshop Group's Return-on-Tangible-Asset has ranged from 23.33 to 67.94. According to the industry distribution chart, Games Workshop Group ranks #6 out of 854 companies in the Travel & Leisure industry, placing it in the top 0.7%.
Is Games Workshop Group's Return-on-Tangible-Asset too high?
Games Workshop Group's current Return-on-Tangible-Asset of 55.18% is 17% above median its 10-year median of 47.36. Over the past 10 years, this metric has ranged from a low of 23.33 to a high of 67.94. The Travel & Leisure industry median Return-on-Tangible-Asset is 2.74. Games Workshop Group's value of 55.18% is 1913.9% above this industry median. Based on the distribution chart, Games Workshop Group ranks #6 out of 854 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 96/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Games Workshop Group's Return-on-Tangible-Asset compare to AS and HAS?
According to the Travel & Leisure industry distribution chart, Games Workshop Group ranks #6 out of 854 companies for Return-on-Tangible-Asset. This places Games Workshop Group in the top 1% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 2.74. Games Workshop Group's value of 55.18% is 1913.9% above this benchmark. Historically, Games Workshop Group's own Return-on-Tangible-Asset has ranged from 23.33 to 67.94 over the past decade. While the company's 10-year median is 47.36 vs. the industry median of 2.74, 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 Return-on-Tangible-Asset for a Travel & Leisure company?
The median Return-on-Tangible-Asset among Travel & Leisure companies is 2.74, based on 854 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Asset significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Games Workshop Group's current Return-on-Tangible-Asset of 55.18% is 1913.9% 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 Return-on-Tangible-Asset mean?
A high Return-on-Tangible-Asset can signal that a stock is expensive relative to its fundamentals. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Games Workshop Group and its competitors. For the Travel & Leisure industry, the median Return-on-Tangible-Asset is 2.74 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Games Workshop Group's current Return-on-Tangible-Asset is 55.18%, which is 17% above median its own 10-year median of 47.36. 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 (CHIX:GAWL) is currently considered Significantly Overvalued. The stock's GF Value™ is £147.20, compared to a current price of £198.10 — trading 34.6% above its estimated fair value. The current Return-on-Tangible-Asset is 55.18%, which is 17% above median its 10-year median of 47.36 and 1913.9% above the Travel & Leisure industry median of 2.74. Games Workshop Group's overall GF Score™ is 96/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Asset calculated?
Return-on-Tangible-Asset is calculated from a company's financial statements. For Games Workshop Group (CHIX:GAWL), the current Return-on-Tangible-Asset is 55.18% 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 (CHIX:GAWL) Overvalued in 2026?
Based on GuruFocus' analysis, Games Workshop Group stock appears to be overvalued.
The current stock price of £198.10 is trading 34.6% above its estimated GF Value™ of £147.20.
GuruFocus considers Games Workshop Group to be Significantly Overvalued.
Key valuation signals for CHIX:GAWL:
Return-on-Tangible-Asset: 55.18% (17% above median its 10-year median of 47.36)
GF Value™: £147.20 vs. price of £198.10 (34.6% above fair value)
Industry Position: 1913.9% above the Travel & Leisure median (#6 of 854)
No single metric tells the full story. See the CHIX:GAWL 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.
96GF Score
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