Games Workshop GroupLSE:GAW +1.11%95 ROE % is 70.33% as of Nov. 2025, which is 16% above its 10-year median of 60.85. 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. Among 824 Travel & Leisure companies, Games Workshop Group ranks better than 94.78% on this metric.
The historical rank and industry rank for Games Workshop Group's ROE % or its related term are showing as below:
LSE:GAW'
s ROE % Range Over the Past 10 Years
Min: 25.78 Med: 60.85 Max: 78.77
Current: 69.67
During the past 13 years, Games Workshop Group's highest ROE % was 78.77%. The lowest was 25.78%. And the median was 60.85%.
LSE:GAW's ROE % is ranked better than 94.78% of 824
companies
in the Travel & Leisure industry
Industry Median: 5.485
vs LSE:GAW: 69.67
Games Workshop Group (LSE:GAW) ROE % Explanation
ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.
The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:
Note:
The net income data used here is two times the semi-annual (Nov. 2025) net income data. The Revenue data used here is two times the semi-annual (Nov. 2025) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.
* 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.
Be Aware
Net Income is used.
Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % 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 ROE %s can be extremely high.
* 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 ROE %, along with its competitors' market caps and ROE % 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 ROE % vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Games Workshop Group's ROE % distribution charts can be found below:
* The bar in red indicates where Games Workshop Group's ROE % 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 ROE %, the net income of the last fiscal year and the average total shareholder 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.
ROE % is displayed in the 30-year financial page.
Games Workshop Group (LSE:GAW) has a ROE % of 70.33% as of Nov. 2025. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Games Workshop Group and its competitors. This is 16% above median its historical median of 60.85. Over the past decade, Games Workshop Group's ROE % has ranged from 25.78 to 78.77. According to the industry distribution chart, Games Workshop Group ranks #43 out of 824 companies in the Travel & Leisure industry, placing it in the top 5.2%.
Is Games Workshop Group's ROE % too high?
Games Workshop Group's current ROE % of 70.33% is 16% above median its 10-year median of 60.85. Over the past 10 years, this metric has ranged from a low of 25.78 to a high of 78.77. The Travel & Leisure industry median ROE % is 5.49. Games Workshop Group's value of 70.33% is 1182.2% above this industry median. Based on the distribution chart, Games Workshop Group ranks #43 out of 824 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 95/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Games Workshop Group's ROE % compare to AS and HAS?
According to the Travel & Leisure industry distribution chart, Games Workshop Group ranks #43 out of 824 companies for ROE %. This places Games Workshop Group in the top 5% of its industry — outperforming the majority of peers. The industry median ROE % is 5.49. Games Workshop Group's value of 70.33% is 1182.2% above this benchmark. Historically, Games Workshop Group's own ROE % has ranged from 25.78 to 78.77 over the past decade. While the company's 10-year median is 60.85 vs. the industry median of 5.49, 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 ROE % for a Travel & Leisure company?
The median ROE % among Travel & Leisure companies is 5.49, based on 824 companies in the industry. Companies in the top quartile (top 25%) have a ROE % significantly above this median, while those in the bottom quartile fall well below. However, ROE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Games Workshop Group's current ROE % of 70.33% is 1182.2% 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 ROE % mean?
A high ROE % can signal that a stock is expensive relative to its fundamentals. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Games Workshop Group and its competitors. For the Travel & Leisure industry, the median ROE % is 5.49 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Games Workshop Group's current ROE % is 70.33%, which is 16% above median its own 10-year median of 60.85. 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 ROE % is 70.33%, which is 16% above median its 10-year median of 60.85 and 1182.2% above the Travel & Leisure industry median of 5.49. 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 ROE % calculated?
ROE % is calculated from a company's financial statements. For Games Workshop Group (LSE:GAW), the current ROE % is 70.33% 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:
ROE %: 70.33% (16% above median its 10-year median of 60.85)
GF Value™: £147.23 vs. price of £219.40 (49% above fair value)
Industry Position: 1182.2% above the Travel & Leisure median (#43 of 824)
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 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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