CD Projekt (WAR:CDR) Shares Outstanding (Basic Average): 100.2 Mil (As of Mar. 2026)


WAR:CDR CD Projekt SA WAR:CDR
82 GF Score
Price zł226.00
GF Value zł137.19
Valuation Significantly Overvalued
! 3 Warning Signs
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What is CD Projekt Shares Outstanding (Basic Average)?

CD Projekt WAR:CDR -1.18% 82 Shares Outstanding (Basic Average) is 100.2 Mil as of Mar. 2026. GuruFocus rates WAR:CDR with a GF Score™ of 82/100 and a GF Value™ of zł137.19 (Significantly Overvalued). The stock has 3 warning signs investors should review.

Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. CD Projekt's average basic shares outstanding for the quarter that ended in Mar. 2026 was 100.2 Mil.


CD Projekt  (WAR:CDR) Shares Outstanding (Basic Average) Explanation

A company may buy back shares or issue shares in any fiscal period. If a company buys back shares, we should observe that the total number of shares decline. If the company issues new shares, the number of shares outstanding increases.


Be Aware

Usually the presence of treasury shares and a history of buyback are good indicators that company has competitive advantage. But studies have shown that companies usually buy back at wrong time. Buying back shares below its intrinsic value increases value for remaining shareholders. Buying back overvalued shares destroys value for existing shareholders.


CD Projekt Shares Outstanding (Basic Average) Related Terms


CD Projekt Shares Outstanding (Basic Average) Historical Data

* Premium members only.

The historical data trend for CD Projekt's Shares Outstanding (Basic Average) 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.

CD Projekt Shares Outstanding (Basic Average) Chart

CD Projekt Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Shares Outstanding (Basic Average)
Get a 7-Day Free Trial Premium Member Only Premium Member Only 96.46 100.72 100.74 100.27 99.91

CD Projekt Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Mar26
Shares Outstanding (Basic Average) 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 99.46 99.82 100.13 99.74 100.19
WAR:CDR
82GF Score
CD Projekt SA WAR:CDR
Shares Outstanding (Basic Average) is just one metric. See GF Score™, valuation, warning signs, and more.
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CD Projekt Shares Outstanding (Basic Average) Calculation

Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. They have voting rights and represent ownership in the corporation by the person that holds the shares. They should be distinguished from treasury shares, which are shares held by the corporation itself, having no exercisable rights.

Shares outstanding can be calculated as either basic or fully diluted. The fully diluted shares outstanding count includes diluting securities, such as options, warrants or convertibles.

Please note: GuruFocus named Shares Outstanding (EOP) is the shares for that exact time point. It is usually used to calculate balance sheet related items, such as Book Value per Share, etc. While Shares Outstanding (Diluted Average) and Shares Outstanding (Basic Average) are the weighted average shares over a period of time (a year, a quarter, or so). They are usually used to calculate income statement or cashflow statement related items, such as Earnings per Share (Diluted), etc.

What does a Shares Outstanding (Basic Average) of 100.2 Mil mean?
CD Projekt (WAR:CDR) has a Shares Outstanding (Basic Average) of 100.2 Mil as of Mar. 2026. The average shares outstanding over two periods not accounting for dilutive securities like convertible bonds. View historical data on CD Projekt and its competitors.
Is CD Projekt's Shares Outstanding (Basic Average) too high?
CD Projekt's current Shares Outstanding (Basic Average) is 100.2 Mil. Overall, CD Projekt has a GF Score™ of 82/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does CD Projekt's Shares Outstanding (Basic Average) compare to NTES and EA?
CD Projekt's Shares Outstanding (Basic Average) of 100.2 Mil can be compared against companies in the Interactive Media industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Shares Outstanding (Basic Average) for an Interactive Media company?
A good Shares Outstanding (Basic Average) depends on the Interactive Media industry context. However, Shares Outstanding (Basic Average) should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Shares Outstanding (Basic Average) mean?
A high Shares Outstanding (Basic Average) can signal that a stock is expensive relative to its fundamentals. The average shares outstanding over two periods not accounting for dilutive securities like convertible bonds. View historical data on CD Projekt and its competitors. CD Projekt's current Shares Outstanding (Basic Average) is 100.2 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CD Projekt stock overvalued right now?
Based on GuruFocus' analysis, CD Projekt (WAR:CDR) is currently considered Significantly Overvalued. The stock's GF Value™ is zł137.19, compared to a current price of zł226.00 — trading 64.7% above its estimated fair value. The current Shares Outstanding (Basic Average) is 100.2 Mil. CD Projekt's overall GF Score™ is 82/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Shares Outstanding (Basic Average) calculated?
Shares Outstanding (Basic Average) is calculated from a company's financial statements. For CD Projekt (WAR:CDR), the current Shares Outstanding (Basic Average) is 100.2 Mil as of Mar. 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 CD Projekt (WAR:CDR) Overvalued in 2026?

Based on GuruFocus' analysis, CD Projekt stock appears to be overvalued. The current stock price of zł226.00 is trading 64.7% above its estimated GF Value™ of zł137.19. GuruFocus considers CD Projekt to be Significantly Overvalued.

Key valuation signals for WAR:CDR:

  • Shares Outstanding (Basic Average): 100.2 Mil
  • GF Value™: zł137.19 vs. price of zł226.00 (64.7% above fair value)
  • GF Score™: 82/100 with 3 warning signs

No single metric tells the full story. See the WAR:CDR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


CD Projekt Business Description

Other Exchanges OTGLY:USA7CD:Germany
Address ul. Jagiellonska 74, Building E, Warsaw, POL, 03-301
CD Projekt SA is the holding company of the CD Projekt capital group. The firm, with its subsidiary, develops and publishes video games for hardware platforms such as Steam, PlayStation Store, Xbox Games Store, Nintendo, App Store, Humble Bundle, Origin, and its own proprietary GOG.com platform. It is also involved in international digital video game distribution. The firm has CD Projekt Red and GOG.com segments. It derives the majority of its revenues from the CD Projekt Red segment.
82GF Score

Get the complete analysis for WAR:CDR

Shares Outstanding (Basic Average) is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

zł226.00
Price
zł137.19
GF Value