Relative Value

The Relative Value of one 9T8 stock under the Base Case scenario is 5.17 EUR. Compared to the current market price of 24.2 EUR, GDEV Inc. is Overvalued by 79%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

9T8 Relative Value
Base Case
5.17 EUR
Overvaluation 79%
Relative Value
Price
G
Worst Case
Base Case
Best Case

Multiples Across Competitors

9T8 Competitors Multiples
GDEV Inc. Competitors

All Multiples
P/S
P/E
EV/EBITDA
EV/EBIT
All Countries
Close
Market Cap P/S P/E EV/EBITDA EV/EBIT
VG
GDEV Inc.
F:9T8
4.4B EUR 12.2 119.8 76.7 85
CN
NetEase Inc
NASDAQ:NTES
77.1B USD 4.7 15.8 9.9 10.5
US
Activision Blizzard Inc
LSE:0H8X
74.1B USD 8.5 34.2 24.6 28.9
JP
Nintendo Co Ltd
TSE:7974
10.1T JPY 5.8 27.2 24.6 25.9
SG
Sea Ltd
NYSE:SE
64.2B USD 3.1 45.3 35.1 35.1
US
Electronic Arts Inc
NASDAQ:EA
49.8B USD 6.8 73.3 36.9 48.8
US
Roblox Corp
NYSE:RBLX
44.6B USD 9.1 -41.8 -42.2 -34.5
US
Take-Two Interactive Software Inc
NASDAQ:TTWO
35.8B USD 5.5 -9.1 37 -123.2
CN
Zhejiang Century Huatong Group Co Ltd
SZSE:002602
142.7B CNY 4.2 37.9 22.9 22.9
JP
Konami Holdings Corp
TSE:9766
2.6T JPY 5.7 30.5 16 20.3
JP
Nexon Co Ltd
TSE:3659
2.6T JPY 5.4 27.9 12.7 13.8
P/E Multiple
Earnings Growth PEG
VG
G
GDEV Inc.
F:9T8
Average P/E: 45.8
119.8
N/A N/A
CN
NetEase Inc
NASDAQ:NTES
15.8
N/A N/A
US
A
Activision Blizzard Inc
LSE:0H8X
34.2
36%
1
JP
Nintendo Co Ltd
TSE:7974
27.2
31%
0.9
SG
Sea Ltd
NYSE:SE
45.3
96%
0.5
US
Electronic Arts Inc
NASDAQ:EA
73.3
32%
2.3
US
Roblox Corp
NYSE:RBLX
Negative Multiple: -41.8 N/A N/A
US
Take-Two Interactive Software Inc
NASDAQ:TTWO
Negative Multiple: -9.1 N/A N/A
CN
Z
Zhejiang Century Huatong Group Co Ltd
SZSE:002602
37.9
102%
0.4
JP
Konami Holdings Corp
TSE:9766
30.5
21%
1.5
JP
N
Nexon Co Ltd
TSE:3659
27.9
N/A N/A
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
VG
G
GDEV Inc.
F:9T8
Average EV/EBITDA: 29.6
76.7
N/A N/A
CN
NetEase Inc
NASDAQ:NTES
9.9
11%
0.9
US
A
Activision Blizzard Inc
LSE:0H8X
24.6
30%
0.8
JP
Nintendo Co Ltd
TSE:7974
24.6
36%
0.7
SG
Sea Ltd
NYSE:SE
35.1
75%
0.5
US
Electronic Arts Inc
NASDAQ:EA
36.9
19%
1.9
US
Roblox Corp
NYSE:RBLX
Negative Multiple: -42.2 N/A N/A
US
Take-Two Interactive Software Inc
NASDAQ:TTWO
37
59%
0.6
CN
Z
Zhejiang Century Huatong Group Co Ltd
SZSE:002602
22.9
54%
0.4
JP
Konami Holdings Corp
TSE:9766
16
15%
1.1
JP
N
Nexon Co Ltd
TSE:3659
12.7
N/A N/A
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
VG
G
GDEV Inc.
F:9T8
Average EV/EBIT: 32.4
85
N/A N/A
CN
NetEase Inc
NASDAQ:NTES
10.5
11%
1
US
A
Activision Blizzard Inc
LSE:0H8X
28.9
36%
0.8
JP
Nintendo Co Ltd
TSE:7974
25.9
N/A N/A
SG
Sea Ltd
NYSE:SE
35.1
88%
0.4
US
Electronic Arts Inc
NASDAQ:EA
48.8
25%
2
US
Roblox Corp
NYSE:RBLX
Negative Multiple: -34.5 N/A N/A
US
Take-Two Interactive Software Inc
NASDAQ:TTWO
Negative Multiple: -123.2 N/A N/A
CN
Z
Zhejiang Century Huatong Group Co Ltd
SZSE:002602
22.9
48%
0.5
JP
Konami Holdings Corp
TSE:9766
20.3
N/A N/A
JP
N
Nexon Co Ltd
TSE:3659
13.8
N/A N/A