Games Workshop GroupCHIX:GAWL +0.20%98 Return-on-Tangible-Equity is 76.80% as of Nov. 2025, which is 11% above its 10-year median of 69.35. GuruFocus rates CHIX:GAWL with a GF Score™ of 98/100 and a GF Value™ of £146.84 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 792 Travel & Leisure companies, Games Workshop Group ranks better than 85.73% on this metric.
Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. Games Workshop Group's annualized net income for the quarter that ended in Nov. 2025 was £211.0 Mil. Games Workshop Group's average shareholder tangible equity for the quarter that ended in Nov. 2025 was £274.8 Mil. Therefore, Games Workshop Group's annualized Return-on-Tangible-Equity for the quarter that ended in Nov. 2025 was 76.80%.
The historical rank and industry rank for Games Workshop Group's Return-on-Tangible-Equity or its related term are showing as below:
CHIX:GAWl'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 32.5 Med: 69.35 Max: 98.29
Current: 75.98
During the past 13 years, Games Workshop Group's highest Return-on-Tangible-Equity was 98.29%. The lowest was 32.50%. And the median was 69.35%.
CHIX:GAWl's Return-on-Tangible-Equity is ranked better than 85.73% of 792
companies
in the Travel & Leisure industry
Industry Median: 7.67
vs CHIX:GAWl: 75.98
Games Workshop Group (CHIX:GAWl) Return-on-Tangible-Equity Explanation
Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.
Be Aware
Net Income is used.
Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.
Games Workshop Group Return-on-Tangible-Equity Related Terms
Games Workshop Group Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Games Workshop Group's Return-on-Tangible-Equity 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-Equity Chart
CHIX:GAWL vs AS, HAS, LTH: Return-on-Tangible-Equity Comparison
For the Leisure subindustry, Games Workshop Group's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity 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-Equity vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Games Workshop Group's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Games Workshop Group's Return-on-Tangible-Equity 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-Equity, the net income of the last fiscal year and the average total shareholder tangible equity 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.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 76.80% mean?
Games Workshop Group (CHIX:GAWL) has a Return-on-Tangible-Equity of 76.80% as of Nov. 2025. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Games Workshop Group and its competitors. This is 11% above median its historical median of 69.35. Over the past decade, Games Workshop Group's Return-on-Tangible-Equity has ranged from 32.50 to 98.29. According to the industry distribution chart, Games Workshop Group ranks #113 out of 792 companies in the Travel & Leisure industry, placing it in the top 14.3%.
Is Games Workshop Group's Return-on-Tangible-Equity too high?
Games Workshop Group's current Return-on-Tangible-Equity of 76.80% is 11% above median its 10-year median of 69.35. Over the past 10 years, this metric has ranged from a low of 32.50 to a high of 98.29. The Travel & Leisure industry median Return-on-Tangible-Equity is 7.67. Games Workshop Group's value of 76.80% is 901.3% above this industry median. Based on the distribution chart, Games Workshop Group ranks #113 out of 792 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 98/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Games Workshop Group's Return-on-Tangible-Equity compare to AS and HAS?
According to the Travel & Leisure industry distribution chart, Games Workshop Group ranks #113 out of 792 companies for Return-on-Tangible-Equity. This places Games Workshop Group in the top 14% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 7.67. Games Workshop Group's value of 76.80% is 901.3% above this benchmark. Historically, Games Workshop Group's own Return-on-Tangible-Equity has ranged from 32.50 to 98.29 over the past decade. While the company's 10-year median is 69.35 vs. the industry median of 7.67, 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-Equity for a Travel & Leisure company?
The median Return-on-Tangible-Equity among Travel & Leisure companies is 7.67, based on 792 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Equity significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Equity 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-Equity of 76.80% is 901.3% 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 Return-on-Tangible-Equity mean?
A high Return-on-Tangible-Equity can signal that a stock is expensive relative to its fundamentals. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Games Workshop Group and its competitors. For the Travel & Leisure industry, the median Return-on-Tangible-Equity is 7.67 — 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-Equity is 76.80%, which is 11% above median its own 10-year median of 69.35. 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 £146.84, compared to a current price of £201.80 — trading 37.4% above its estimated fair value. The current Return-on-Tangible-Equity is 76.80%, which is 11% above median its 10-year median of 69.35 and 901.3% above the Travel & Leisure industry median of 7.67. Games Workshop Group's overall GF Score™ is 98/100 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-Equity calculated?
Return-on-Tangible-Equity is calculated from a company's financial statements. For Games Workshop Group (CHIX:GAWL), the current Return-on-Tangible-Equity is 76.80% 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 £201.80 is trading 37.4% above its estimated GF Value™ of £146.84.
GuruFocus considers Games Workshop Group to be Significantly Overvalued.
Key valuation signals for CHIX:GAWL:
Return-on-Tangible-Equity: 76.80% (11% above median its 10-year median of 69.35)
GF Value™: £146.84 vs. price of £201.80 (37.4% above fair value)
Industry Position: 901.3% above the Travel & Leisure median (#113 of 792)
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.
98GF Score
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