Gravity Co Ltd ADR (GRVY) is undervalued and Roblox Corp (RBLX) is overvalued.
Against our estimates of intrinsic value, GRVY trades at the wider discount: a margin of safety of +52%, against -510% for RBLX.
Values as of the 22 Sept 2026 close.
Discounting its cash flows at 10.0% (average of 3 methods) values the shares at $142.21; the price of $68.68 is 52% below that value, and 72% of that value comes from beyond year five.
Leak Score 100/100 on 3 of 12 signals
A 1.0x revenue multiple, discounted for its losses, values the shares at $8.17; the price of $49.87 is 510% above that value.
Leak Score 21/100 on 7 of 12 signals
| Metric | GRVY | RBLX |
|---|---|---|
| Verdict | Undervalued | Overvalued |
| Price | $68.68 | $49.87 |
| Intrinsic value | $142.21 | $8.17 |
| Margin of safety | +52% | -510% |
| Leak Score | 100/100 (3/12) | 21/100 (7/12) |
| Market cap | $477M | $35.6B |
| Revenue growth, 5 years | 2.8% | 39.6% |
| Operating margin | 16.2% | -20.7% |
| Net margin | 14.9% | -17.6% |
| Return on equity | 13.2% | -396.1% |
| Debt to equity | 0.01 | 12.08 |
| P/E | 8.1x | — |
| P/B | 1.1x | 234.3x |