GDEV Inc (GDEV) is undervalued and Roblox Corp (RBLX) is overvalued.
Against our estimates of intrinsic value, GDEV trades at the wider discount: a margin of safety of +71%, against -521% for RBLX.
Values as of the 19 Oct 2026 close.
Discounting its cash flows at 13.4% (average of 3 methods) values the shares at $36.74; the price of $10.76 is 71% below that value, and 61% of that value comes from beyond year five.
Leak Score 75/100 on 9 of 12 signals
A 1.0x revenue multiple, discounted for its losses, values the shares at $8.17; the price of $50.75 is 521% above that value.
Leak Score 25/100 on 9 of 12 signals
| Metric | GDEV | RBLX |
|---|---|---|
| Verdict | Undervalued | Overvalued |
| Price | $10.76 | $50.75 |
| Intrinsic value | $36.74 | $8.17 |
| Margin of safety | +71% | -521% |
| Leak Score | 75/100 (9/12) | 25/100 (9/12) |
| Market cap | $196M | $36.3B |
| Revenue growth, 5 years | 9.2% | 39.6% |
| Operating margin | 19.9% | -20.7% |
| Net margin | 19.7% | -17.6% |
| Return on equity | — | -396.1% |
| Debt to equity | — | 12.08 |
| P/E | 2.6x | — |
| Forward P/E | 2.1x | — |
| P/B | — | 238.5x |