GDEV Inc. (GDEV) Key Metrics
GDEV valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $197.3M
- Enterprise value
- $87.6M
- P/E (TTM)
- 2.6 10-yr median 11.8
- Forward P/E
- 2.1
- PEG ratio
- 0.74
- Price / sales
- 0.5 10-yr median 1.8
- Price / book
- —
- EV / EBITDA
- 1.0 10-yr median 5.6
- Dividend yield
- —
- Beta
- 1.20
GDEV key metrics, 2019–2025
Fiscal year ended December 31, 2025 · U.S. dollarsGDEV valuation Price multiples at each fiscal year-end price.
GDEV returns How much profit the business earns on the capital it uses.
GDEV per-share figures Results divided by the shares outstanding at year-end.
GDEV financial health Debt, liquidity and how easily interest is covered.
GDEV efficiency & capital use Working capital cycle and where the cash goes.
GDEV valuation history
GDEV returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
GDEV debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
GDEV cash returned to shareholders
GDEV price vs earnings per share
GDEV key metrics
2019–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|
| Valuation | |||||||
| Market capitalization | $271.9M | $356.6M | $442.7M | $1.26B | $1.48B | $1.78B | — |
| Enterprise value | $168.7M | $223.1M | $289.1M | $1.13B | $1.34B | $1.70B | — |
| P/E ratio | 3.9 | 14.0 | 9.6 | 173.0 | — | — | — |
| Price / sales | 0.7 | 0.8 | 1.0 | 2.6 | 3.4 | 6.8 | — |
| Price / free cash flow | 9.3 | 12.7 | 25.7 | 11.0 | 14.2 | 14.8 | — |
| Price / operating cash flow | 9.2 | 12.5 | 24.7 | 10.9 | 14.0 | 14.8 | — |
| EV / sales | 0.4 | 0.5 | 0.6 | 2.3 | 3.1 | 6.5 | — |
| EV / EBITDA | 2.1 | 6.1 | 5.1 | 60.8 | — | — | — |
| EV / free cash flow | 5.8 | 7.9 | 16.8 | 9.8 | 12.9 | 14.1 | — |
| Earnings yield | 25.5% | 7.2% | 10.4% | 0.6% | −7.9% | −0.0% | — |
| Free cash flow yield | 10.7% | 7.9% | 3.9% | 9.1% | 7.0% | 6.8% | — |
| Dividend yield | 20.6% | 0.0% | 0.0% | 0.4% | 10.8% | 2.9% | — |
| Shareholder yield (dividends + buybacks) | 20.6% | 9.3% | 0.0% | 0.4% | 10.8% | 2.9% | — |
| Share price at fiscal year-end | $15.00 | $19.34 | $22.10 | $63.80 | $80.60 | $101.00 | — |
| Per share | |||||||
| Revenue per share | $22.30 | $22.83 | $23.19 | $24.23 | $23.65 | $14.77 | $4.77 |
| Earnings per share | $3.82 | $1.38 | $2.30 | $0.37 | −$6.40 | −$0.04 | −$1.81 |
| Operating cash flow per share | $1.62 | $1.55 | $0.90 | $5.86 | $5.75 | $6.83 | $0.76 |
| Free cash flow per share | $1.61 | $1.52 | $0.86 | $5.81 | $5.67 | $6.82 | $0.76 |
| Cash per share | $5.75 | $7.31 | $7.79 | $6.93 | $7.78 | $4.79 | $0.94 |
| Book value per share | −$5.00 | −$5.51 | −$4.98 | −$7.52 | −$8.78 | −$5.77 | −$2.47 |
| Tangible book value per share | −$5.13 | −$5.85 | −$5.50 | −$8.26 | −$8.87 | −$5.78 | −$2.49 |
| Dividends per share | $3.09 | $0.00 | $0.00 | $0.24 | $8.74 | $2.93 | $0.21 |
| Capex per share | $0.02 | $0.02 | $0.04 | $0.05 | $0.08 | $0.01 | $0.01 |
| Debt per share | $0.06 | $0.07 | $0.12 | $0.06 | $0.11 | $0.07 | $0.21 |
| Shares outstanding | 18.1M | 18.4M | 20.0M | 19.8M | 18.4M | 17.7M | 19.7M |
| Change in shares outstanding | −1.7% | −8.0% | +1.2% | +7.9% | +3.9% | −10.1% | — |
| Returns & profitability | |||||||
| Return on assets (ROA) | 27.4% | 8.6% | 14.4% | 2.3% | −44.8% | −0.5% | −44.2% |
| Return on tangible assets | 30.1% | 9.6% | 14.9% | 2.4% | −37.7% | −0.4% | −44.3% |
| Free cash flow margin | 7.2% | 6.7% | 3.7% | 24.0% | 24.0% | 46.2% | 15.8% |
| Income quality (OCF / net income) | 0.42 | 1.12 | 0.39 | 15.90 | — | — | — |
| Financial health | |||||||
| Total debt | $1.1M | $1.3M | $2.4M | $1.2M | $1.9M | $1.2M | $4.1M |
| Cash & short-term investments | $104.3M | $134.8M | $156.0M | $137.1M | $142.8M | $84.6M | $18.5M |
| Net debt | −$103.2M | −$133.5M | −$153.6M | −$136.0M | −$140.9M | −$83.4M | −$14.4M |
| Debt / assets | 0.00 | 0.00 | 0.01 | 0.00 | 0.01 | 0.01 | 0.05 |
| Net debt / EBITDA | −1.26 | −3.66 | −2.71 | −7.33 | — | −124.10 | — |
| Current ratio | 0.67 | 0.68 | 0.71 | 0.57 | 0.59 | 0.52 | 0.40 |
| Quick ratio | 0.67 | 0.68 | 0.70 | 0.55 | 0.59 | 0.52 | 0.40 |
| Interest coverage | 846.9 | 197.7 | 94.0 | 243.1 | — | -37.0 | -212.9 |
| Working capital | −$76.8M | −$83.9M | −$88.9M | −$143.5M | −$131.7M | −$112.7M | −$63.1M |
| Invested capital | −$193.8M | −$235.0M | −$253.4M | −$284.7M | −$302.0M | −$185.3M | −$62.9M |
| Tangible asset value | −$93.0M | −$107.8M | −$110.1M | −$163.6M | −$162.8M | −$102.0M | −$48.9M |
| Net current asset value | −$168.6M | −$194.1M | −$206.5M | −$282.0M | −$282.9M | −$192.8M | −$86.2M |
| Graham net-net per share | −$10.44 | −$11.41 | −$11.29 | −$15.07 | −$16.30 | −$11.65 | −$4.72 |
| Capital allocation | |||||||
| Dividends paid | $56.0M | $0 | $0 | $4.7M | $160.4M | $51.7M | $4.1M |
| Share buybacks (net) | $0 | $33.1M | $0 | $0 | — | — | — |
| Dividend payout ratio | 80.8% | 0.0% | 0.0% | 64.1% | — | — | — |
| Dividends + buybacks / free cash flow | 192.2% | 117.9% | 0.0% | 4.1% | 154.1% | 42.9% | 27.8% |
| Capex / revenue | 0.1% | 0.1% | 0.2% | 0.2% | 0.3% | 0.1% | 0.1% |
| Capex / operating cash flow | 1.1% | 1.5% | 4.1% | 0.9% | 1.4% | 0.1% | 0.7% |
| Capex / depreciation | 0.05 | 0.07 | 0.12 | 0.15 | 0.57 | 0.26 | 0.36 |
| Stock-based compensation / revenue | 0.2% | 0.3% | 0.4% | 0.8% | 0.9% | 0.9% | 6.9% |
| SG&A / revenue | 46.3% | 55.5% | 53.8% | 36.9% | 67.5% | 64.9% | 90.4% |
| Efficiency | |||||||
| Days sales outstanding | 35.3 | 37.7 | 36.0 | 32.6 | 31.0 | 38.3 | 92.5 |
| Days of inventory on hand | — | — | 10.9 | 13.0 | — | 0.0 | 0.0 |
| Days payables outstanding | 32.4 | 44.5 | 50.0 | 39.7 | 34.8 | 45.0 | 106.7 |
| Cash conversion cycle (days) | 2.9 | -6.9 | -3.1 | 5.9 | -3.8 | -6.7 | -14.2 |
| Receivables turnover | 10.35 | 9.69 | 10.13 | 11.20 | 11.78 | 9.54 | 3.95 |
| Payables turnover | 11.27 | 8.20 | 7.30 | 9.20 | 10.48 | 8.12 | 3.42 |
| Inventory turnover | — | — | 33.61 | 28.03 | — | 92,553,000.00 | 44,493,000.00 |
| Asset turnover | 1.60 | 1.42 | 1.45 | 1.51 | 1.66 | 1.79 | 1.17 |
| Average receivables | $39.1M | $43.4M | $45.9M | $42.8M | $36.8M | $27.4M | $23.8M |
| Average payables | $12.6M | $17.3M | $22.0M | $19.2M | $13.0M | $11.4M | $13.0M |
| Average inventory | — | — | $4.8M | $6.3M | — | $1 | $1 |
| Intangibles / total assets | 1.1% | 2.3% | 3.2% | 4.6% | 0.6% | 0.0% | 0.4% |
Computed from GDEV's annual financial statements (latest annual report filed March 31, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
GDEV valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), GDEV traded at 3.9 times earnings, against a 7-year median of 11.8. Based on the latest twelve months, the trailing P/E is 2.6 and the forward P/E is 2.1. It ended the year with $1.1 million of debt and $104.3 million in cash and short-term investments, a net cash position of $103.2 million. It returned $56.0 million to shareholders: $56.0 million in dividends and $0 in share buybacks, 192% of free cash flow. The share count fell 7.7% from 19.7M to 18.1M over 6 years.
See the GDEV income statement, the GDEV chart for price history, or the GDEV stock overview for the latest quote and news.
GDEV key metrics FAQ
What is GDEV's P/E ratio?
GDEV's trailing P/E ratio is 2.6 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 2.1. At the end of fiscal 2025 it was 3.9, compared with a 7-year median of 11.8.
What is GDEV's EV/EBITDA?
GDEV's enterprise value was 2.1 times EBITDA at the end of fiscal 2025 (enterprise value $168.7 million, EBITDA $81.6 million); the current EV/EBITDA is 1.0.
How much debt does GDEV have?
GDEV had total debt of $1.1 million at the end of fiscal 2025 and more cash than debt.
What is GDEV's dividend yield?
GDEV paid $56.0 million in dividends in fiscal 2025 ($3.09 per share), a payout ratio of 80.8%.
What is GDEV's free cash flow yield?
GDEV generated $29.1 million of free cash flow in fiscal 2025, a free cash flow yield of 10.7% on its market value at year-end ($271.9 million).
What is GDEV's current ratio?
GDEV's current ratio was 0.67 at the end of fiscal 2025: current assets were 0.67 times current liabilities.