Premium Valuation Anchored by Exceptional Returns
Games Workshop’s core tension is a steep valuation premium (forward P/E 31.1x) despite exceptional profitability (operating margin 42.3%, ROIC 99.3%). Fundamentals remain strong, with no recent quality or stability deterioration. Market stress centers on whether such high returns can sustain the premium. A rerating would require the valuation gap to narrow and licensing growth to remain robust.
Published by AssetNext · 2026-04-13
| Date | Signal | Peer score | Drawdown | 21d vs sector |
|---|---|---|---|---|
| 2026-04-17 | Strong businesses outperforming | 72 | 0.0% | +11.1% |
| 2026-04-13 | Strong businesses outperforming | 72 | -3.1% | +26.3% |
| 2026-04-07 | Strong businesses outperforming | 72 | -9.3% | +22.7% |
| 2026-03-31 | Strong businesses outperforming | 72 | -10.8% | +11.1% |
| 2026-03-27 | Strong businesses outperforming | 72 | -10.3% | +13.2% |
Break down GAW.L's structural position across all peer dimensions with the interactive app.