3R Games SA (3RG) fair value: what the stock is really worth
As of Nov 9, 2026: fair value (intrinsic value) of 3R Games SA stock PLN 0.73, price PLN 0.65, upside +12.0%, quality 76 out of 100. Rating: undervalued. Calculated from audited financials with 25 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 7, 2026.
How to read this chart
60‑month range 0.2040 PLN – 0.9721 PLN · fair‑value band 0.5140 PLN – 1.33 PLN · the 0.6500 PLN price screens below the 0.7282 PLN fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 7, 2026.
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3R Games S.A. engages in production and distribution of games based on virtual reality technology and game development in Poland. It also publishes activities in the field of computer games.
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The company was formerly known as HubStyle S.A. and changed its name to 3R Games S.A. in December 2020. 3R Games S.A. was incorporated in 2010 and is headquartered in Warsaw, Poland.
Stock analysis
3R Games SA (3RG) currently trades at 0.6500 PLN, while our model-based Fair Value estimate is 0.7282 PLN, implying the stock looks roughly 11% undervalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of 1.27 PLN per share, and 11 of the 25 models we run sit above the 0.6500 PLN price.
Bear case: the Multiples group reads lowest at 0.3900 PLN, and 14 of the 25 models stay below the price. Data coverage for this calculation is low.
Scenario range: 0.5140 PLN (bear) to 1.33 PLN (bull), the price of 0.6500 PLN sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 76/100 (high quality), in the Consumer Cyclical sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
3R Games SA reported revenue of 7.7M PLN in FY2025 versus 84.0K PLN in FY2021, a compound +209.1%/yr. Reported net income was 3.0M PLN in FY2025.
Key figures
Market cap 52.8M PLN (≈ $13.5M) Micro · P/E ratio 13.0 · P/S ratio 5.49 · EPS (TTM) 0.0500 PLN · Dividend yield 6.2% · Net margin 43.0% · Return on equity 21.5% · Return on assets (EBIT) 2.9% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 82 out of 100 (medium confidence).
What moves the price
The share trades about 20% below its 52-week high and 10% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at 19% fair-value upside, at 12%, 3RG screens richer than that median.
Fair Value models
Bear0.5140 PLNFair Value 0.7282 PLNBull1.33 PLN
Price 0.6500 PLN · Upside +12.0%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (0.0086 PLN per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.83/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+217.5%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+23.1%
Revenue growth 15 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+2.3%
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What shareholders gained per year (last 3 years) (mathematically smoothed) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 3 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip.
+58.4%
Earnings growth per share plus dividend.
Earnings per share, growth per year+52.2%
Dividend (yield on the price)6.2%
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.−3,748% → 43%
2025 sits 303% above its own trend. The rate follows the median trend of the last 3 years, not that single year.
⚠ Revenue per share shrinking 28.9%/yr over ~10Y (margin trend unclear) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+19.7%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Poland: IMF forecast 3.1% a year to 2030, 4.6% from 2016 to 2025) that is about +16.1% a year for the price.
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Internet Retail · 102 stocks
Beats the industry median on 9/12 measures
Overall it ranks above its industry peers.
Valuation
Quality Score76 · Top 25%
Fair Value upside+12.0% · Above median
Profitability
Return on equity (12 months)21.5% · Top 25%
Return on assets13.7% · Top 25%
Net margin (12 months)43.0% · Top 25%
Operating margin (12 months)37.4% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)3.8% · Below median
Dividend yield (12 months)6.2% · Top 25%
Valuation Multiplesvs Internet Retail median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "3R Games SA Fair Value". https://www.fairvalue-calculator.com/stock/3RG
Frequently asked questions
Is 3R Games SA (3RG) overvalued or undervalued?
As of Nov 7, 2026, our model estimates a fair value of 0.7282 PLN versus a price of 0.6500 PLN, about +12% upside (undervalued).
What is the fair value of 3RG?
Our model-based fair value for 3R Games SA is 0.7282 PLN (as of Nov 7, 2026), built from audited fundamentals. The current price: 0.6500 PLN.
What is the quality score of 3RG?
3R Games SA has a Quality Score of 76/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for 3R Games SA (3RG)?
Our model-based price target is the fair value of 0.7282 PLN (as of Nov 7, 2026) from 25 valuation models. Cautious scenario 0.5140 PLN, optimistic scenario 1.33 PLN. It is a calculation from audited fundamentals, not an analyst target.
What is the 3R Games SA stock forecast for 2026?
Our models put fair value at 0.7282 PLN, about +12% upside versus a price of 0.6500 PLN (undervalued). Cautious scenario 0.5140 PLN, optimistic scenario 1.33 PLN. The calculation is refreshed regularly with new filings.
What is the revenue of 3R Games SA (3RG)?
3R Games SA reported trailing-twelve-month revenue of about 9.6M PLN (latest available figure, as of Nov 7, 2026).
Does 3R Games SA pay a dividend?
3R Games SA currently shows a dividend yield of 6.15% relative to its recent price (as of Nov 7, 2026).
How much is the dividend of 3R Games SA (3RG) and when is the ex-dividend date?
3R Games SA pays a dividend of 0.04 PLN per share a year, a dividend yield of 6.2%. The last ex-dividend date was May 28, 2026. The payout ratio is 80.0% of earnings. Free cash flow covers the dividend 0.42 times. Our assessment: Watch coverage. The dividend isn’t fully covered by free cash flow or earnings, part of it is funded from reserves or debt. Fine for now, but worth watching: if it stays uncovered, the dividend could be cut.
What growth is priced into 3R Games SA (3RG)?
For today's price to be fair in a discounted-cash-flow model, 3R Games SA would have to grow free cash flow by +19.7 % per year for five years (discount rate 9.3 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +201.1 % per year. As of Nov 7, 2026.
What discount rate (WACC) does the fair value of 3RG use?
Our models discount 3R Games SA at 9.3 %: a base by market capitalisation (nano), damped by beta 0.07, country premium for Poland. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For 3R Games SA that is +19.7 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (9.3 %) and the same formula as our fair value.
How much growth has 3R Games SA (3RG) delivered so far?
Over the past 5 years revenue at 3R Games SA grew +201.1 % a year. The price currently implies free-cash-flow growth of +19.7 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of 3R Games SA (3RG) growing?
The median revenue growth in the sector is +4.7 % a year. That is the yardstick for the growth priced into 3R Games SA (+19.7 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of 3R Games SA (3RG)?
The free-cash-flow yield on the price is 2.60 %: that much free cash flow 3R Games SA produces per unit of market value. When it exceeds the discount rate of our models (9.3 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of 3R Games SA (3RG)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For 3R Games SA it is 0.7282 PLN per share (as of Nov 7, 2026), against a price of 0.6500 PLN. It is the blended result of 25 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is 3R Games SA stock overvalued or undervalued in 2026?
As of Nov 7, 2026, 3RG trades below its calculated fair value: price 0.6500 PLN, fair value 0.7282 PLN, a gap of about +12% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 3RG?
No. The price is what the market pays today (0.6500 PLN); the fair value is what the company's own numbers justify (0.7282 PLN). For 3R Games SA the two are 0.0782 PLN per share apart. That gap is exactly why we show both numbers side by side.
How much is 3R Games SA worth?
The market values 3R Games SA at about 52.8M PLN (market capitalisation, as of Nov 7, 2026). Per share that is 0.6500 PLN; our models calculate a fair value of 0.7282 PLN per share.
What do the bullish and bearish scenarios say about 3RG?
Our models span a range for 3R Games SA: cautious scenario 0.5140 PLN, base 0.7282 PLN, optimistic 1.33 PLN per share (as of Nov 7, 2026, price 0.6500 PLN). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 3RG?
3R Games SA trades at a price-to-earnings ratio of 13.0 (as of Nov 7, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 0.7282 PLN is built from several models across several years. Other multiples: P/B 2.5, P/S 5.5.
How solid is the balance sheet of 3R Games SA (3RG)?
Balance-sheet figures for 3R Games SA (as of Nov 7, 2026): return on equity 21.5%. They feed the Quality Score of 76/100, which measures business quality independently of the share price.
How far is 3RG from its 52-week high?
3R Games SA trades at 0.6500 PLN, about 20% below its 52-week high of 0.8158 PLN and 10% above the low of 0.5928 PLN (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of 0.7282 PLN is for.
Which stocks are comparable to 3R Games SA?
From the same area (Consumer Cyclical) we also value Amazon.com, Inc, Alibaba Group, PDD Holdings, Prosus N.V, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is 3R Games SA stock attractive at the current price?
The data as of Nov 7, 2026: price 0.6500 PLN, calculated fair value 0.7282 PLN (+12%), Quality Score 76/100, from 25 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 3RG calculated?
We run 3R Games SA through 25 models from 8 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of 0.7282 PLN builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.7% above its aggregate fair value. 3R Games SA currently trades 11% below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of 3R Games SA (3RG)?
The closing price on Nov 9, 2026 was 0.6500 PLN. Our model-based fair value is 0.7282 PLN, about +12% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with 3R Games SA right now?
A fairly wide model range (0.5140 PLN to 1.33 PLN) leaves room in how you read the outcome. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
Key figures of 3R Games SA
How large is the market capitalisation of 3R Games SA (3RG)?
The market capitalisation of 3R Games SA is 52.8M PLN (≈ $13.5M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of 3R Games SA (3RG)?
The price-to-sales ratio of 3R Games SA is 5.49 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of 3R Games SA (3RG)?
Earnings per share at 3R Games SA are 0.0500 PLN (price ÷ EPS = P/E 13.0). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of 3R Games SA (3RG)?
The dividend yield of 3R Games SA is 6.2% (payout 80.0%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of 3R Games SA (3RG)?
The net margin of 3R Games SA is 43.0% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of 3R Games SA (3RG)?
The return on equity (ROE) of 3R Games SA is 21.5% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of 3R Games SA (3RG)?
On an EBIT basis the return on assets of 3R Games SA is 2.9% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of 3R Games SA (3RG)?
The operating margin of 3R Games SA is 37.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at 3R Games SA (3RG)?
Revenue at 3R Games SA is growing +3.8% versus a year earlier (3y avg +23.1%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at 3R Games SA (3RG)?
Earnings per share at 3R Games SA are growing +20.3% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does 3R Games SA (3RG) hold?
3R Games SA holds more cash than debt, 2.3M PLN net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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Thin data
Nov 7, 2026