Games Workshop Group (LSE:GAW) ROCE %: 83.04% (As of Nov. 2025)


LSE:GAW Games Workshop Group PLC LSE:GAW
95 GF Score
Price £219.40
GF Value £147.23
Valuation Significantly Overvalued
! 5 Warning Signs
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What is Games Workshop Group ROCE %?

Games Workshop Group LSE:GAW +1.11% 95 ROCE % is 83.04% as of Nov. 2025. GuruFocus rates LSE:GAW with a GF Score™ of 95/100 and a GF Value™ of £147.23 (Significantly Overvalued). The stock has 5 warning signs investors should review.

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Games Workshop Group's annualized ROCE % for the quarter that ended in Nov. 2025 was 83.04%.

Games Workshop Group  (LSE:GAW) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Games Workshop Group ROCE % Related Terms

Games Workshop Group ROCE % Historical Data

* Premium members only.

The historical data trend for Games Workshop Group's ROCE % 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 ROCE % Chart

Games Workshop Group Annual Data
Trend May16 May17 May18 May19 May20 May21 May22 May23 May24 May25
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 75.70 61.27 61.79 71.50 86.30

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
ROCE % 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 67.57 74.79 82.01 84.33 83.04
LSE:GAW
95GF Score
Games Workshop Group PLC LSE:GAW
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Games Workshop Group ROCE % Calculation

Games Workshop Group's annualized ROCE % for the fiscal year that ended in May. 2025 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: May. 2025 )  (A: May. 2024 )(A: May. 2025 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: May. 2025 )  (A: May. 2024 )(A: May. 2025 )
=264.2/( ( (351.3 - 58.4) + (383 - 63.6) )/ 2 )
=264.2/( (292.9+319.4)/ 2 )
=264.2/306.15
=86.30 %

Games Workshop Group's ROCE % of for the quarter that ended in Nov. 2025 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Nov. 2025 )  (Q: May. 2025 )(Q: Nov. 2025 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Nov. 2025 )  (Q: May. 2025 )(Q: Nov. 2025 )
=283.2/( ( (383 - 63.6) + (432.3 - 69.6) )/ 2 )
=283.2/( ( 319.4 + 362.7 )/ 2 )
=283.2/341.05
=83.04 %

(1) Note: The EBIT data used here is two times the semi-annual (Nov. 2025) EBIT data.

* 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.

Frequently Asked Questions Learn more about ROCE % →
What does a ROCE % of 83.04% mean?
Games Workshop Group (LSE:GAW) has a ROCE % of 83.04% as of Nov. 2025.
Is Games Workshop Group's ROCE % too high?
Games Workshop Group's current ROCE % is 83.04%. The Travel & Leisure industry median ROCE % is 6.08. Games Workshop Group's value of 83.04% is 1266.9% above this industry median. 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 ROCE % compare to AS and HAS?
Games Workshop Group's ROCE % of 83.04% can be compared against companies in the Travel & Leisure industry. The industry median ROCE % is 6.08. Games Workshop Group's value of 83.04% is 1266.9% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROCE % for a Travel & Leisure company?
The median ROCE % among Travel & Leisure companies is 6.08, based on 838 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Games Workshop Group's current ROCE % of 83.04% is 1266.9% 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 ROCE % mean?
A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Travel & Leisure industry, the median ROCE % is 6.08 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Games Workshop Group's current ROCE % is 83.04%. 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 £147.23, compared to a current price of £219.40 — trading 49% above its estimated fair value. The current ROCE % is 83.04% and 1266.9% above the Travel & Leisure industry median of 6.08. 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 ROCE % calculated?
ROCE % is calculated from a company's financial statements. For Games Workshop Group (LSE:GAW), the current ROCE % is 83.04% 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 £219.40 is trading 49% above its estimated GF Value™ of £147.23. GuruFocus considers Games Workshop Group to be Significantly Overvalued.

Key valuation signals for LSE:GAW:

  • ROCE %: 83.04%
  • GF Value™: £147.23 vs. price of £219.40 (49% above fair value)
  • GF Score™: 95/100 with 5 warning signs
  • Industry Position: 1266.9% above the Travel & Leisure median

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

Address Willow Road, Lenton, Nottingham, GBR, NG7 2WS
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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ROCE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

£219.40
Price
£147.23
GF Value