GDEV Inc (GDEV) is undervalued and Take-Two Interactive Software Inc (TTWO) is overvalued.
Against our estimates of intrinsic value, GDEV trades at the wider discount: a margin of safety of +71%, against -10345% for TTWO.
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
Its through-the-cycle earnings (2.2% median margin), capitalised at 9.5% with no growth, values the shares at $1.96; the price of $204.92 is 10345% above that value.
Leak Score 18/100 on 9 of 12 signals
| Metric | GDEV | TTWO |
|---|---|---|
| Verdict | Undervalued | Overvalued |
| Price | $10.76 | $204.92 |
| Intrinsic value | $36.74 | $1.96 |
| Margin of safety | +71% | -10345% |
| Leak Score | 75/100 (9/12) | 18/100 (9/12) |
| Market cap | $196M | $38.3B |
| Revenue growth, 5 years | 9.2% | 14.6% |
| Operating margin | 19.9% | -1.0% |
| Net margin | 19.7% | -4.8% |
| Return on equity | — | -9.0% |
| Debt to equity | — | 0.82 |
| P/E | 2.6x | — |
| Forward P/E | 2.1x | 19.9x |
| P/B | — | 10.6x |