GRAVITY

GRVY

市值 US$4.64億

Gravity trades at a compelling valuation, with a market cap just over $500M and net cash near $400M, leading to an EV/EBIT slightly above 1x on an annualized basis. GRVY's earnings have improved due to reduced marketing expenses, but topline growth remains stagnant, and we aren't so sure about the IP. Upcoming game releases, especially in China, are currently causing R&D drag and will cause marketing drag, but reinvestment economics are positive given profits.

Seoul, Korea, Aug. 07, 2026 (GLOBE NEWSWIRE) -- GRAVITY Co., Ltd. (NasdaqGM: GRVY) (“Gravity” or “Company”), a developer and publisher of online and mobile games based in South Korea, today announced its unaudited financial results for the second quarter ended June 30, 2026, prepared in accordance with International Financial Reporting Standards as issued by the International Accounting Standards Board and business updates.

Seoul, South Korea, July 28, 2026 (GLOBE NEWSWIRE) -- GRAVITY Co., Ltd. (NasdaqGM: GRVY) (“Gravity” or “Company”), a developer and publisher of online and mobile games, announced that Ragnarok M: Eternal Love 2 (Chinese Title 仙境 传说 ：守 护 永恒的 爱 2), an MMORPG Mobile and PC game, received an ISBN code from Chinese government on July 23, 2026.

Seoul, South Korea, July 24, 2026 (GLOBE NEWSWIRE) -- GRAVITY Co., Ltd. (NasdaqGM: GRVY) (“Gravity” or “Company”), a developer and publisher of online and mobile games, announced that GRAVITY Game Vision, Ltd.

Seoul, Korea, July 17, 2026 (GLOBE NEWSWIRE) -- GRAVITY Co., Ltd. (NasdaqGM: GRVY) (“Gravity” or “Company”), a developer and publisher of online and mobile games, announced that GRAVITY Game Vision, Ltd. (“Gravity Game Vision”), Gravity's wholly-owned subsidiary in Hong Kong, has officially launched Ragnarok: Rebirth Global, a 3D MMORPG Mobile game, in North, Central and South America (except Brazil) on July 16, 2026.

Seoul, Korea, July 16, 2026 (GLOBE NEWSWIRE) -- GRAVITY Co., Ltd. (NasdaqGM: GRVY) (“Gravity” or “Company”), a developer and publisher of online and mobile games, announced that GRAVITY Game Vision, Ltd. (“Gravity Game Vision”), Gravity's wholly-owned subsidiary in Hong Kong, has officially launched Ragnarok: The New World, the first open-world MMORPG Mobile and PC game based on Ragnarok IP, in Southeast Asia on July 16, 2026.

Gravity Co., Ltd. (GRVY) is deeply undervalued, trading below book and liquidation value despite strong profitability and a robust balance sheet. GRVY's Q1 2026 results showed 42.7% QoQ and 17.8% YoY revenue growth, driven by the new Ragnarok: The New World mobile game. Governance risks persist due to majority control by GungHo and no capital return policy, justifying a discount but not to current extreme levels.

Seoul, Korea, June 04, 2026 (GLOBE NEWSWIRE) -- GRAVITY Co., Ltd. (NasdaqGM: GRVY) (“Gravity” or “Company”), a developer and publisher of online and mobile games, announced that GRAVITY Game Vision, Ltd., Gravity's wholly-owned subsidiary, has officially launched Ragnarok: Twilight Global, an idle MMORPG Mobile game, in Europe and North, Central and South America on June 4, 2026.

Seoul, Korea , May 08, 2026 (GLOBE NEWSWIRE) -- GRAVITY Co., Ltd. (NasdaqGM: GRVY) (“Gravity” or “Company”), a developer and publisher of online and mobile games based in South Korea, today announced its unaudited financial results for the first quarter ended March 31, 2026, prepared in accordance with International Financial Reporting Standards as issued by the International Accounting Standards Board and business updates.

Seoul, Korea, April 24, 2026 (GLOBE NEWSWIRE) -- GRAVITY Co., Ltd. (NasdaqGM: GRVY) (“Gravity” or the “Company”) today announced that the Company filed its annual report on Form 20-F for the fiscal year ended December 31, 2025 with the Securities and Exchange Commission on April 24, 2026. The annual report can be accessed on the Company's investor relations Web site at https://www.gravity.co.kr/en/ir/notice