GREE Holdings (V3U) fair value: what the stock is really worth
As of Oct 23, 2026: fair value (intrinsic value) of GREE Holdings stock €1.95, price €2.46, upside -20.8%, quality 55 out of 100. Rating: 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 €1.79 – €8.18 · fair‑value band €1.61 – €1.95 · the €2.46 price screens above the €1.95 fair value. Dashed = 300-day average. As of Oct 27, 2026.
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GREE Holdings, Inc., together with its subsidiaries, engages in the gaming business in Japan and internationally. It operates in five segments: Game Business, Metaverse Business, IP Business, DX Business, and Investment Business.
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The company develops, operates, and distributes various smartphone and consumer games, and a social game platform under the GREE, WFS, GREE Studios, and GREE Entertainment brands.
It also offers REALITY, a smartphone-oriented metaverse; VTuber, an agency that manages and produces talents; and Web3, which develops and publishes blockchain games.
In addition, the company provides various anime and manga contents for consumer and corporate businesses; DADAN app for manga entertainment; and DEDEN, a cloud-based solution for e-book management operations, as well as engages in anime production and licensing; and planning, production, and sale of merchandise.
Further, it develops SaaS solutions, including app marketing, social marketing, and tourism DX, as well as influencer marketing platform and DX consulting services; and invests in the internet and information technology industries through fund and startup investments.
The company was formerly known as GREE, Inc. and changed its name to GREE Holdings, Inc. in January 2025. GREE Holdings, Inc. was incorporated in 2004 and is headquartered in Minato, Japan. GREE Holdings, Inc. operates as a subsidiary of Sequoia Co., Ltd.
Stock analysis
GREE Holdings (V3U) currently trades at €2.46, while our model-based Fair Value estimate is €1.95, 20.8% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of €3.11 per share, and 8 of the 24 models we run sit above the €2.46 price.
Bear case: the Earnings-Based group reads lowest at €0.3300, and 16 of the 24 models stay below the price. Data coverage for this calculation is high.
Scenario range: €1.61 (bear) to €1.95 (bull), the price of €2.46 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 55/100 (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.
GREE Holdings reported revenue of ¥57.1B in FY2025 versus ¥56.8B in FY2021, a compound +0.2%/yr. Reported net income was ¥1.2B in FY2025, compounding −45.5%/yr from FY2021.
Key figures
Market cap €422M Small · P/E ratio 18.9 · P/S ratio 0.40 · EPS (TTM) €0.1300 · Dividend yield 5.1% · Net margin 2.1% · Return on equity 4.1% · Return on assets (EBIT) 6.4%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 40 out of 100 (medium confidence).
What moves the price
The share trades about 6% above its previous 52-week high, currently above its 200-day average.
For context, the median of 10 Communication Services peers we cover trades at 57% fair-value upside, at −21%, V3U screens richer than that median.
Fair Value models
Bear€1.61Fair Value €1.95Bull€1.95
Price €2.46 · Upside -20.8%
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 12 months old). Earnings retained since then (€0.0051 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.40/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−6.8%
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.
−8.6%
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.
−1.8%
Start year 2020 (pandemic). Over 10 years: −4.7% a year
Revenue growth 11 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.
−6.9%
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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.
−9.3%
Earnings growth per share plus dividend.
Earnings per share, growth per year−14.4%
Dividend (yield on the price)5.1%
Profit margin 2019 to 2024 ⓘ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.8% → 10%
Growth Forecast
A lot of optimism in the price
The price assumes more 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).
+35.2%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (figures in JPY, Japan: IMF forecast 2.1% a year to 2030, 1.3% from 2016 to 2025) that is about +32.4% 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.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.
Cite: Fair Value Calculator (2026). "GREE Holdings Fair Value". https://www.fairvalue-calculator.com/stock/V3U
Frequently asked questions
Is GREE Holdings (V3U) overvalued or undervalued?
As of Oct 27, 2026, our model estimates a fair value of €1.95 versus a price of €2.46, about −21% upside (overvalued).
What is the fair value of V3U?
Our model-based fair value for GREE Holdings is €1.95 (as of Oct 27, 2026), built from audited fundamentals. The current price: €2.46.
What is the quality score of V3U?
GREE Holdings has a Quality Score of 55/100. 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 GREE Holdings (V3U)?
Our model-based price target is the fair value of €1.95 (as of Oct 27, 2026) from 24 valuation models. Cautious scenario €1.61, optimistic scenario €1.95. It is a calculation from audited fundamentals, not an analyst target.
What is the GREE Holdings stock forecast for 2026?
Our models put fair value at €1.95, about −21% upside versus a price of €2.46 (overvalued). Cautious scenario €1.61, optimistic scenario €1.95. The calculation is refreshed regularly with new filings.
What is the revenue of GREE Holdings (V3U)?
GREE Holdings reported trailing-twelve-month revenue of about ¥51.3B (latest available figure, as of Oct 27, 2026).
Does GREE Holdings pay a dividend?
GREE Holdings currently shows a dividend yield of 5.07% relative to its recent price (as of Oct 27, 2026).
What growth is priced into GREE Holdings (V3U)?
For today's price to be fair in a discounted-cash-flow model, GREE Holdings would have to grow free cash flow by +35.2 % per year for five years (discount rate 9.6 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -1.8 % per year. As of Oct 27, 2026.
What discount rate (WACC) does the fair value of V3U use?
Our models discount GREE Holdings at 9.6 %: a base by market capitalisation (small), damped by beta 0.04, country premium for Germany. 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 GREE Holdings that is +35.2 % per year a year over ten years, using the same discount rate (9.6 %) and the same formula as our fair value.
How much growth has GREE Holdings (V3U) delivered so far?
Over the past 5 years revenue at GREE Holdings grew -1.8 % a year. The price currently implies +35.2 % per year free-cash-flow growth a 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 GREE Holdings (V3U) growing?
The median revenue growth in the sector is +3.5 % a year. That is the yardstick for the growth priced into GREE Holdings (+35.2 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of GREE Holdings (V3U)?
The free-cash-flow yield on the price is 0.90 %: that much free cash flow GREE Holdings produces per unit of market value. When it exceeds the discount rate of our models (9.6 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of GREE Holdings (V3U)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For GREE Holdings it is €1.95 per share (as of Oct 27, 2026), against a price of €2.46. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is GREE Holdings stock overvalued or undervalued in 2026?
As of Oct 27, 2026, V3U trades above its calculated fair value: price €2.46, fair value €1.95, a gap of about −21% (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 V3U?
No. The price is what the market pays today (€2.46); the fair value is what the company's own numbers justify (€1.95). For GREE Holdings the two are €0.5132 per share apart. That gap is exactly why we show both numbers side by side.
How much is GREE Holdings worth?
The market values GREE Holdings at about €422M (market capitalisation, as of Oct 27, 2026). Per share that is €2.46; our models calculate a fair value of €1.95 per share.
What do the bullish and bearish scenarios say about V3U?
Our models span a range for GREE Holdings: cautious scenario €1.61, base €1.95, optimistic €1.95 per share (as of Oct 27, 2026, price €2.46). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of V3U?
GREE Holdings trades at a price-to-earnings ratio of 18.9 (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 €1.95 is built from several models across several years. Other multiples: P/B 0.8, P/S 1.4, EV/EBITDA 8.6.
How solid is the balance sheet of GREE Holdings (V3U)?
Balance-sheet figures for GREE Holdings (as of Oct 27, 2026): return on equity 4.1%, debt of 0.18 per unit of equity. They feed the Quality Score of 55/100, which measures business quality independently of the share price.
How far is V3U from its 52-week high?
GREE Holdings trades at €2.46, about 6% above its previous 52-week high of €2.32 and 46% above the low of €1.68 (as of Oct 23, 2026). Distance from the high says nothing about value: that is what the fair value of €1.95 is for.
Which stocks are comparable to GREE Holdings?
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 GREE Holdings stock attractive at the current price?
The data as of Oct 27, 2026: price €2.46, calculated fair value €1.95 (−21%), Quality Score 55/100, from 24 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 V3U calculated?
We run GREE Holdings through 24 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 €1.95, 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. GREE Holdings 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 GREE Holdings (V3U)?
The closing price on Oct 23, 2026 was €2.46. Our model-based fair value is €1.95, about −21% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with GREE Holdings right now?
The price sits above even our optimistic bull case (€1.95). The favourable scenario is already priced in. Solid but not exceptional quality (55/100) and above fair value, neither a clear bargain nor a standout compounder.
Key figures of GREE Holdings
How large is the market capitalisation of GREE Holdings (V3U)?
The market capitalisation of GREE Holdings is €422M. 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 GREE Holdings (V3U)?
The price-to-sales ratio of GREE Holdings is 0.40 (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 GREE Holdings (V3U)?
Earnings per share at GREE Holdings are €0.1300 (price ÷ EPS = P/E 18.9). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of GREE Holdings (V3U)?
The dividend yield of GREE Holdings is 5.1% (payout 96.1%). 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 GREE Holdings (V3U)?
The net margin of GREE Holdings is 2.1% (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 GREE Holdings (V3U)?
The return on equity (ROE) of GREE Holdings is 4.1% (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 GREE Holdings (V3U)?
On an EBIT basis the return on assets of GREE Holdings is 6.4% (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 GREE Holdings (V3U)?
The operating margin of GREE Holdings is 12.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at GREE Holdings (V3U)?
Revenue at GREE Holdings is growing −7.8% versus a year earlier (3y avg −8.6%). 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 GREE Holdings (V3U)?
Earnings per share at GREE Holdings are growing +642% versus a year earlier. How much earnings per share grew versus a year earlier.
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Broad data
Oct 27, 2026