GungHo Online Entertainment, Inc (G03) fair value: what the stock is really worth
As of Oct 26, 2026: fair value (intrinsic value) of GungHo Online Entertainment, Inc stock €5.81, price €13.75, upside -57.7%, quality 54 out of 100. Rating: strongly overvalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
Fair value above price?No
Good quality?Yes
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Oct 27, 2026.
How to read this chart
60‑month range €11.74 – €22.70 · fair‑value band €5.56 – €6.22 · the €13.75 price screens above the €5.81 fair value. Dashed = 300-day average. As of Oct 27, 2026.
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GungHo Online Entertainment, Inc. engages in the planning, development, operation, and distribution of smartphone applications and computer games in Japan, Asia, Taiwan, Thailand, the Republic of Indonesia, North America, Central and South America, and internationally.
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It is also involved in the planning, development, and sale of console games. The company was formerly known as ONSale Co., Ltd. and changed its name to GungHo Online Entertainment, Inc. in August 2002. GungHo Online Entertainment, Inc. was incorporated in 1998 and is based in Tokyo, Japan.
Stock analysis
GungHo Online Entertainment, Inc (G03) currently trades at €13.75, while our model-based Fair Value estimate is €5.81, 57.7% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Asset-Based group reads highest at a median of €12.78 per share, and 1 of the 15 models we run sit above the €13.75 price.
Bear case: the Dividend Discount group reads lowest at €0.9300, and 14 of the 15 models stay below the price. Data coverage for this calculation is medium.
Scenario range: €5.56 (bear) to €6.22 (bull), the price of €13.75 sits above 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 54/100 (solid quality), in the Communication Services sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
GungHo Online Entertainment, Inc reported revenue of ¥93.2B in FY2025 versus ¥105B in FY2021, a compound −2.8%/yr. Reported net income was ¥1.4B in FY2025, compounding −50.2%/yr from FY2021.
Key figures
Market cap €747M Small · P/E ratio 55.0 · P/S ratio 0.83 · EPS (TTM) €0.2500 · Dividend yield 3.6% · Net margin 1.5% · Return on equity 4.2% · Return on assets (EBIT) 14.4%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 31 out of 100 (medium confidence).
What moves the price
The share trades about 7% below its 52-week high and 24% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Communication Services peers we cover trades at 57% fair-value upside, at −58%, G03 screens richer than that median.
Fair Value models
Bear€5.56Fair Value €5.81Bull€6.22
Price €13.75 · Upside -57.7%
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 (€0.2055 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.16/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−10.0%
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.
−4.0%
Revenue growth 5 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.
−1.2%
Start year 2020 (pandemic)
Revenue growth 9 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.
−2.1%
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What shareholders gained per year (last 5 years), in JPY ⓘ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 5 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. Measured in JPY: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
−33.4%
Earnings growth per share plus dividend.
Earnings per share, growth per year−37.0%
Dividend (yield on the price)3.6%
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.31% → 5%
Compare GungHo Online Entertainment, Inc with another stock
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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.Electronic Gaming & Multimedia · 143 stocks
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.
Is GungHo Online Entertainment, Inc (G03) overvalued or undervalued?
As of Oct 27, 2026, our model estimates a fair value of €5.81 versus a price of €13.75, about −58% upside (overvalued).
What is the fair value of G03?
Our model-based fair value for GungHo Online Entertainment, Inc is €5.81 (as of Oct 27, 2026), built from audited fundamentals. The current price: €13.75.
What is the quality score of G03?
GungHo Online Entertainment, Inc has a Quality Score of 54/100. 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 GungHo Online Entertainment, Inc (G03)?
Our model-based price target is the fair value of €5.81 (as of Oct 27, 2026) from 15 valuation models. Cautious scenario €5.56, optimistic scenario €6.22. It is a calculation from audited fundamentals, not an analyst target.
What is the GungHo Online Entertainment, Inc stock forecast for 2026?
Our models put fair value at €5.81, about −58% upside versus a price of €13.75 (overvalued). Cautious scenario €5.56, optimistic scenario €6.22. The calculation is refreshed regularly with new filings.
What is the revenue of GungHo Online Entertainment, Inc (G03)?
GungHo Online Entertainment, Inc reported trailing-twelve-month revenue of about ¥94.4B (latest available figure, as of Oct 27, 2026).
Does GungHo Online Entertainment, Inc pay a dividend?
GungHo Online Entertainment, Inc currently shows a dividend yield of 3.62% relative to its recent price (as of Oct 27, 2026).
What is the intrinsic value of GungHo Online Entertainment, Inc (G03)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For GungHo Online Entertainment, Inc it is €5.81 per share (as of Oct 27, 2026), against a price of €13.75. It is the blended result of 15 valuation models (cash flow, earnings, asset, dividend).
Is GungHo Online Entertainment, Inc stock overvalued or undervalued in 2026?
As of Oct 27, 2026, G03 trades above its calculated fair value: price €13.75, fair value €5.81, a gap of about −58% (overvalued). 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 G03?
No. The price is what the market pays today (€13.75); the fair value is what the company's own numbers justify (€5.81). For GungHo Online Entertainment, Inc the two are €7.94 per share apart. That gap is exactly why we show both numbers side by side.
How much is GungHo Online Entertainment, Inc worth?
The market values GungHo Online Entertainment, Inc at about €747M (market capitalisation, as of Oct 27, 2026). Per share that is €13.75; our models calculate a fair value of €5.81 per share.
What do the bullish and bearish scenarios say about G03?
Our models span a range for GungHo Online Entertainment, Inc: cautious scenario €5.56, base €5.81, optimistic €6.22 per share (as of Oct 27, 2026, price €13.75). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of G03?
GungHo Online Entertainment, Inc trades at a price-to-earnings ratio of 55.0 (as of Oct 27, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of €5.81 is built from several models across several years. Other multiples: P/B 1.0, P/S 4.0.
How solid is the balance sheet of GungHo Online Entertainment, Inc (G03)?
Balance-sheet figures for GungHo Online Entertainment, Inc (as of Oct 27, 2026): return on equity 4.2%. They feed the Quality Score of 54/100, which measures business quality independently of the share price.
How far is G03 from its 52-week high?
GungHo Online Entertainment, Inc trades at €13.75, about 7% below its 52-week high of €14.80 and 24% above the low of €11.10 (as of Oct 23, 2026). Distance from the high says nothing about value: that is what the fair value of €5.81 is for.
Which stocks are comparable to GungHo Online Entertainment, Inc?
From the same area (Communication Services) we also value NetEase, Inc, Take-Two Interactive Software, Inc, Roblox Corporation, Zhejiang Century Huatong Group, 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 GungHo Online Entertainment, Inc stock attractive at the current price?
The data as of Oct 27, 2026: price €13.75, calculated fair value €5.81 (−58%), Quality Score 54/100, from 15 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 G03 calculated?
We run GungHo Online Entertainment, Inc through 15 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of €5.81, 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 12.7 % above its aggregate fair value. GungHo Online Entertainment, Inc itself currently trades above fair value. 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 GungHo Online Entertainment, Inc (G03)?
The closing price on Oct 26, 2026 was €13.75. Our model-based fair value is €5.81, about −58% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with GungHo Online Entertainment, Inc right now?
The price sits above even our optimistic bull case (€6.22). The favourable scenario is already priced in. Solid but not exceptional quality (54/100) and above fair value, neither a clear bargain nor a standout compounder. The models converge in a tight band (€5.56 to €6.22), unusually little disagreement for a valuation.
Key figures of GungHo Online Entertainment, Inc
How large is the market capitalisation of GungHo Online Entertainment, Inc (G03)?
The market capitalisation of GungHo Online Entertainment, Inc is €747M. 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 GungHo Online Entertainment, Inc (G03)?
The price-to-sales ratio of GungHo Online Entertainment, Inc is 0.83 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of GungHo Online Entertainment, Inc (G03)?
Earnings per share at GungHo Online Entertainment, Inc are €0.2500 (price ÷ EPS = P/E 55.0). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of GungHo Online Entertainment, Inc (G03)?
The dividend yield of GungHo Online Entertainment, Inc is 3.6% (payout 199%). 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 GungHo Online Entertainment, Inc (G03)?
The net margin of GungHo Online Entertainment, Inc is 1.5% (fiscal year 2025). 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 GungHo Online Entertainment, Inc (G03)?
The return on equity (ROE) of GungHo Online Entertainment, Inc is 4.2% (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 GungHo Online Entertainment, Inc (G03)?
On an EBIT basis the return on assets of GungHo Online Entertainment, Inc is 14.4% (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 GungHo Online Entertainment, Inc (G03)?
The operating margin of GungHo Online Entertainment, Inc is 10.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at GungHo Online Entertainment, Inc (G03)?
Revenue at GungHo Online Entertainment, Inc is growing −6.1% versus a year earlier (3y avg −4.0%). 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 GungHo Online Entertainment, Inc (G03)?
Earnings per share at GungHo Online Entertainment, Inc are growing +112% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does GungHo Online Entertainment, Inc (G03) generate?
The free cash flow of GungHo Online Entertainment, Inc is −¥960M (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
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Oct 27, 2026