Professional
Added to YB: 2026-04-09
Pitch date: 2026-04-07
GRVY [neutral]
Gravity Co., Ltd.
+0.44%
current return
Author Info
No bio for this author
Company Info
Gravity Co., Ltd. develops and publishes online and mobile games worldwide. It offers massively multiplayer online role-playing games, including Ragnarok Online, Dragonica, Ragnarok Online II, and Ragnarok Landverse.
Market Cap
$643.3B
Pitch Price
$61.33
Price Target
N/A
Dividend
N/A
EV/EBITDA
0.36
P/E
9.54
EV/Sales
0.05
Sector
Entertainment
Category
value
Q1 2026 GVI Letter - Gravity Co., Ltd.
GRVY (holding update): S.Korean game dev, majority-owned by GungHo, creator of iconic MMORPG Ragnarok Online. Trading $61.3/sh vs ~$70/sh net cash by YE, earning $7+/sh net profit—getting top Asia franchise below cash value. Jan activist pressure drove GungHo leadership change; Mar IR signaled shift to shareholder returns (vs historical zero payouts). Bought mid-50s in late 2025 as price dropped despite strong gaming momentum. Capital return catalyst could unlock significant value.
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