Gravity Co Ltd ADR (GRVY) is undervalued and Take-Two Interactive Software Inc (TTWO) is overvalued.
Against our estimates of intrinsic value, GRVY trades at the wider discount: a margin of safety of +52%, against -2159% for TTWO.
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
Its through-the-cycle earnings (6.3% median margin), capitalised at 9.5% with no growth, values the shares at $9.10; the price of $205.53 is 2159% above that value.
Leak Score 17/100 on 7 of 12 signals
| Metric | GRVY | TTWO |
|---|---|---|
| Verdict | Undervalued | Overvalued |
| Price | $68.68 | $205.53 |
| Intrinsic value | $142.21 | $9.10 |
| Margin of safety | +52% | -2159% |
| Leak Score | 100/100 (3/12) | 17/100 (7/12) |
| Market cap | $477M | $38.4B |
| Revenue growth, 5 years | 2.8% | 14.6% |
| Operating margin | 16.2% | -1.0% |
| Net margin | 14.9% | -4.8% |
| Return on equity | 13.2% | -9.0% |
| Debt to equity | 0.01 | 0.82 |
| P/E | 8.1x | — |
| Forward P/E | — | 20.1x |
| P/B | 1.1x | 10.7x |