Games Workshop Group PLC (GAW) - Net Assets
Based on the latest financial reports, Games Workshop Group PLC (GAW) has net assets worth GBX280.80 Million GBX (≈ $34.17K USD) as of May 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (GBX383.00 Million ≈ $46.60K USD) and total liabilities (GBX102.20 Million ≈ $12.43K USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check GAW goodwill-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | GBX280.80 Million |
| % of Total Assets | 73.32% |
| Annual Growth Rate | 17.93% |
| 5-Year Change | 19.64% |
| 10-Year Change | 346.91% |
| Growth Volatility | 65.11 |
Games Workshop Group PLC - Net Assets Trend (1990–2025)
This chart illustrates how Games Workshop Group PLC's net assets have evolved over time, based on quarterly financial data. See GAW days of operational coverage to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Games Workshop Group PLC (1990–2025)
The table below shows the annual net assets of Games Workshop Group PLC from 1990 to 2025. For live valuation and market cap data, see how much is Games Workshop Group PLC worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-05-31 | GBX280.80 Million ≈ $34.17K |
+11.69% |
| 2024-06-02 | GBX251.40 Million ≈ $30.59K |
0.00% |
| 2024-05-31 | GBX251.40 Million ≈ $30.59K |
+6.93% |
| 2023-05-31 | GBX235.10 Million ≈ $28.60K |
+0.17% |
| 2022-05-31 | GBX234.70 Million ≈ $28.56K |
+19.56% |
| 2021-05-31 | GBX196.30 Million ≈ $23.88K |
+46.82% |
| 2020-05-31 | GBX133.70 Million ≈ $16.27K |
+25.54% |
| 2019-05-31 | GBX106.50 Million ≈ $12.96K |
+20.86% |
| 2018-05-31 | GBX88.12 Million ≈ $10.72K |
+40.25% |
| 2017-05-31 | GBX62.83 Million ≈ $7.64K |
0.00% |
| 2017-05-28 | GBX62.83 Million ≈ $7.64K |
+18.19% |
| 2016-05-31 | GBX53.16 Million ≈ $6.47K |
+3.18% |
| 2015-05-31 | GBX51.52 Million ≈ $6.27K |
-6.98% |
| 2014-06-01 | GBX55.39 Million ≈ $6.74K |
0.00% |
| 2014-05-31 | GBX55.39 Million ≈ $6.74K |
+15.76% |
| 2013-05-31 | GBX47.85 Million ≈ $5.82K |
-1.55% |
| 2012-05-31 | GBX48.61 Million ≈ $5.91K |
-8.51% |
| 2011-05-31 | GBX53.13 Million ≈ $6.46K |
-3.93% |
| 2010-05-31 | GBX55.30 Million ≈ $6.73K |
+45.57% |
| 2009-05-31 | GBX37.99 Million ≈ $4.62K |
+28.67% |
| 2008-05-31 | GBX29.53 Million ≈ $3.59K |
-1.11% |
| 2007-05-31 | GBX29.86 Million ≈ $3.63K |
-25.24% |
| 2006-05-31 | GBX39.94 Million ≈ $4.86K |
-8.70% |
| 2005-05-31 | GBX43.74 Million ≈ $5.32K |
+28.26% |
| 2004-05-31 | GBX34.10 Million ≈ $4.15K |
+21.05% |
| 2003-05-31 | GBX28.17 Million ≈ $3.43K |
+26.76% |
| 2002-05-31 | GBX22.23 Million ≈ $2.70K |
-15.37% |
| 2001-05-31 | GBX26.26 Million ≈ $3.20K |
+11.86% |
| 2000-05-31 | GBX23.48 Million ≈ $2.86K |
+10.21% |
| 1999-05-31 | GBX21.30 Million ≈ $2.59K |
+32.05% |
| 1998-05-31 | GBX16.13 Million ≈ $1.96K |
+36.30% |
| 1997-05-31 | GBX11.84 Million ≈ $1.44K |
+44.55% |
| 1996-05-31 | GBX8.19 Million ≈ $996.24 |
+82.48% |
| 1995-05-31 | GBX4.49 Million ≈ $545.94 |
+352.08% |
| 1994-05-31 | GBX-1.78 Million ≈ $-216.57 |
+46.72% |
| 1993-05-31 | GBX-3.34 Million ≈ $-406.50 |
+12.52% |
| 1992-05-31 | GBX-3.82 Million ≈ $-464.66 |
-347.34% |
| 1991-05-31 | GBX1.54 Million ≈ $187.86 |
+76.86% |
| 1990-05-31 | GBX873.00K ≈ $106.22 |
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Equity Component Analysis
This analysis shows how different components contribute to Games Workshop Group PLC's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 37819.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (May 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | GBX255.20 Million | 90.88% |
| Common Stock | GBX1.60 Million | 0.57% |
| Other Comprehensive Income | GBX600.00K | 0.21% |
| Other Components | GBX23.40 Million | 8.33% |
| Total Equity | GBX280.80 Million | 100.00% |
Games Workshop Group PLC Competitors by Market Cap
The table below lists competitors of Games Workshop Group PLC ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
MLG OZ Ltd
AU:MLG
|
$81.67 Million |
|
Vbt Yazilim AS
IS:VBTYZ
|
$81.71 Million |
|
Kutahya Porselen Sanayi AS
IS:KUTPO
|
$81.71 Million |
|
Mukka Proteins Limited
NSE:MUKKA
|
$81.73 Million |
|
Rock Tech Lithium Inc
V:RCK
|
$81.60 Million |
|
Country View Bhd
KLSE:5049
|
$81.60 Million |
|
NICE Total Cash Management Co. Ltd
KQ:063570
|
$81.59 Million |
|
Loxley Public Company Limited
F:NVAI
|
$81.54 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Games Workshop Group PLC's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 251,400,000 to 280,800,000, a change of 29,400,000 (11.7%).
- Net income of 196,100,000 contributed positively to equity growth.
- Dividend payments of 171,400,000 reduced retained earnings.
- New share issuances of 1,800,000 increased equity.
- Other comprehensive income decreased equity by 200,000.
- Other factors increased equity by 3,100,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | GBX196.10 Million | +69.84% |
| Dividends Paid | GBX171.40 Million | -61.04% |
| Share Issuances | GBX1.80 Million | +0.64% |
| Other Comprehensive Income | GBX-200.00K | -0.07% |
| Other Changes | GBX3.10 Million | +1.1% |
| Total Change | GBX- | 11.69% |
Book Value vs Market Value Analysis
This analysis compares Games Workshop Group PLC's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 2393.35x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 675483.71x to 2393.35x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1990-05-31 | GBX0.03 | GBX20340.00 | x |
| 1991-05-31 | GBX0.05 | GBX20340.00 | x |
| 1992-05-31 | GBX-0.19 | GBX20340.00 | x |
| 1993-05-31 | GBX-0.18 | GBX20340.00 | x |
| 1994-05-31 | GBX-0.12 | GBX20340.00 | x |
| 1995-05-31 | GBX0.15 | GBX20340.00 | x |
| 1996-05-31 | GBX0.26 | GBX20340.00 | x |
| 1997-05-31 | GBX0.38 | GBX20340.00 | x |
| 1998-05-31 | GBX0.50 | GBX20340.00 | x |
| 1999-05-31 | GBX0.67 | GBX20340.00 | x |
| 2000-05-31 | GBX0.74 | GBX20340.00 | x |
| 2001-05-31 | GBX0.83 | GBX20340.00 | x |
| 2002-05-31 | GBX0.71 | GBX20340.00 | x |
| 2003-05-31 | GBX0.93 | GBX20340.00 | x |
| 2004-05-31 | GBX1.11 | GBX20340.00 | x |
| 2005-05-31 | GBX1.41 | GBX20340.00 | x |
| 2006-05-31 | GBX1.29 | GBX20340.00 | x |
| 2007-05-31 | GBX0.96 | GBX20340.00 | x |
| 2008-05-31 | GBX0.95 | GBX20340.00 | x |
| 2009-05-31 | GBX1.22 | GBX20340.00 | x |
| 2010-05-31 | GBX1.76 | GBX20340.00 | x |
| 2011-05-31 | GBX1.69 | GBX20340.00 | x |
| 2012-05-31 | GBX1.54 | GBX20340.00 | x |
| 2013-05-31 | GBX1.50 | GBX20340.00 | x |
| 2014-05-31 | GBX1.73 | GBX20340.00 | x |
| 2014-06-01 | GBX1.73 | GBX20340.00 | x |
| 2015-05-31 | GBX1.61 | GBX20340.00 | x |
| 2016-05-31 | GBX1.65 | GBX20340.00 | x |
| 2017-05-28 | GBX1.95 | GBX20340.00 | x |
| 2017-05-31 | GBX1.94 | GBX20340.00 | x |
| 2018-05-31 | GBX2.69 | GBX20340.00 | x |
| 2019-05-31 | GBX3.25 | GBX20340.00 | x |
| 2020-05-31 | GBX4.08 | GBX20340.00 | x |
| 2021-05-31 | GBX5.96 | GBX20340.00 | x |
| 2022-05-31 | GBX7.14 | GBX20340.00 | x |
| 2023-05-31 | GBX7.15 | GBX20340.00 | x |
| 2024-05-31 | GBX7.62 | GBX20340.00 | x |
| 2024-06-02 | GBX7.62 | GBX20340.00 | x |
| 2025-05-31 | GBX8.50 | GBX20340.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Games Workshop Group PLC utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 69.84%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 31.76%
- • Asset Turnover: 1.61x
- • Equity Multiplier: 1.36x
- Recent ROE (69.84%) is above the historical average (37.23%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1990 | 69.30% | 5.68% | 2.35x | 5.20x | GBX517.70K |
| 1991 | 46.63% | 5.74% | 2.66x | 3.05x | GBX565.60K |
| 1992 | 0.00% | 15.93% | 2.56x | 0.00x | GBX2.68 Million |
| 1993 | 0.00% | 12.56% | 2.54x | 0.00x | GBX2.68 Million |
| 1994 | 0.00% | 12.52% | 2.58x | 0.00x | GBX3.43 Million |
| 1995 | 88.57% | 12.38% | 2.40x | 2.99x | GBX3.53 Million |
| 1996 | 69.19% | 12.62% | 2.49x | 2.20x | GBX4.85 Million |
| 1997 | 59.23% | 12.01% | 2.18x | 2.26x | GBX5.83 Million |
| 1998 | 46.40% | 11.54% | 2.04x | 1.97x | GBX5.87 Million |
| 1999 | 37.96% | 11.14% | 1.93x | 1.77x | GBX5.96 Million |
| 2000 | 15.17% | 4.57% | 1.97x | 1.69x | GBX1.21 Million |
| 2001 | 21.92% | 6.21% | 2.10x | 1.68x | GBX3.13 Million |
| 2002 | 38.64% | 7.91% | 2.28x | 2.14x | GBX6.37 Million |
| 2003 | 38.98% | 8.51% | 2.22x | 2.07x | GBX8.16 Million |
| 2004 | 36.15% | 8.12% | 2.43x | 1.83x | GBX8.92 Million |
| 2005 | 20.62% | 6.60% | 1.94x | 1.61x | GBX4.65 Million |
| 2006 | 5.00% | 1.74% | 1.70x | 1.69x | GBX-2.00 Million |
| 2007 | -11.66% | -3.18% | 1.67x | 2.20x | GBX-6.47 Million |
| 2008 | -2.51% | -0.67% | 1.64x | 2.29x | GBX-3.69 Million |
| 2009 | 14.40% | 4.35% | 1.79x | 1.85x | GBX1.67 Million |
| 2010 | 27.27% | 11.92% | 1.67x | 1.37x | GBX9.55 Million |
| 2011 | 21.16% | 9.13% | 1.71x | 1.36x | GBX5.93 Million |
| 2012 | 30.27% | 11.23% | 1.76x | 1.53x | GBX9.85 Million |
| 2013 | 34.10% | 12.12% | 1.86x | 1.51x | GBX11.53 Million |
| 2014 | 14.45% | 6.48% | 1.70x | 1.31x | GBX2.47 Million |
| 2015 | 23.79% | 10.29% | 1.77x | 1.31x | GBX7.10 Million |
| 2016 | 25.39% | 11.43% | 1.69x | 1.31x | GBX8.18 Million |
| 2017 | 48.62% | 19.32% | 1.82x | 1.38x | GBX24.26 Million |
| 2017 | 48.62% | 19.32% | 1.82x | 1.38x | GBX24.26 Million |
| 2018 | 67.72% | 26.97% | 1.87x | 1.34x | GBX50.87 Million |
| 2019 | 61.80% | 25.65% | 1.86x | 1.29x | GBX55.17 Million |
| 2020 | 53.33% | 26.44% | 1.30x | 1.55x | GBX57.93 Million |
| 2021 | 62.15% | 33.02% | 1.31x | 1.44x | GBX102.37 Million |
| 2022 | 54.71% | 30.95% | 1.29x | 1.37x | GBX104.93 Million |
| 2023 | 57.29% | 28.61% | 1.44x | 1.39x | GBX111.19 Million |
| 2024 | 60.10% | 28.74% | 1.50x | 1.40x | GBX125.96 Million |
| 2024 | 60.10% | 28.74% | 1.50x | 1.40x | GBX125.96 Million |
| 2025 | 69.84% | 31.76% | 1.61x | 1.36x | GBX168.02 Million |
Industry Comparison
This section compares Games Workshop Group PLC's net assets metrics with peer companies in the Leisure industry.
Industry Context
- Industry: Leisure
- Average net assets among peers: $53,687,750
- Average return on equity (ROE) among peers: -4.53%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Games Workshop Group PLC (GAW) | GBX280.80 Million | 69.30% | 0.36x | $81.61 Million |
| Hollywood Bowl Group PLC (BOWL) | $101.64 Million | 21.93% | 0.57x | $5.95 Million |
| Character Group (CCT) | $22.92 Million | 47.07% | 2.11x | $622.03K |
| The GYM Group PLC (GYM) | $131.60 Million | 3.34% | 3.45x | $4.45 Million |
| Hornby PLC (HRN) | $17.33 Million | 25.94% | 0.61x | $13.31K |
| Brighton Pier Group PLC (PIER) | $3.93 Million | -146.93% | 1.91x | $52.17K |
| Tandem Group (TND) | $14.31 Million | 14.21% | 0.83x | $114.13K |
| Focusrite Plc (TUNE) | $115.96 Million | 2.25% | 0.75x | $1.40 Million |
| XP Factory PLC (XPF) | $21.82 Million | -4.01% | 1.24x | $390.05K |
About Games Workshop Group PLC
Games Workshop Group PLC, together with its subsidiaries, engages in the design, manufacture, distribution, and sale of fantasy miniature figures and games in the United Kingdom, Continental Europe, North America, Australia, New Zealand, Asia, and internationally. It operates in two segments, Core and Licensing. The company offers games under the Warhammer 40,000, Warhammer: The Horus Heresy, War… Read more