GDEV Inc. (GDEV)
Communications · NGM
Price as at 1 Oct 2026, 10:11 UTC. Quotes are delayed.
Fundamentals
Valuation and ratings
GDEV Inc. trades at $11.11, which is 136% below the $26.27 our fair value estimate puts on the business. On that measure alone it screens as undervalued, though a valuation model is an argument rather than a measurement, and the market is frequently right about why something is cheap.
Our moat model scores it 41 out of 100, which is little in the way of a moat. A moat is a structural reason competitors cannot take the profits away, and it matters more to a long holding period than any single quarter's numbers do.
It changes hands at 3.1 times earnings. Be careful reading that in isolation: for a cyclical business a low P/E arrives at the top of the cycle, when profits are peaking and about to fall, which is exactly when the shares look cheapest and are not.
GDEV dividend history
Dividends per share by year
| Year | Total per share | Payments |
|---|---|---|
| 2025 | $3.31 | 1 |
Split-adjusted amounts in the listing currency, grouped by the calendar year of the ex-dividend date, from the filed record. Growth and streak figures compare complete years only.
GDEV earnings and analyst estimates
Recommendation mix, 1 published rating
Estimates are the published analyst consensus and move often. An earnings date is scheduled, not certain, and a share tends to reprice most violently on the day itself.
About GDEV Inc.
GDEV Inc. develops and publishes online games in the United States, Europe, Asia, and internationally. The company offers various games through mobile, social, and web-based platforms. It also provides franchise gaming in the role-playing game genre. The company was formerly known as Nexters Inc. and changed its name to GDEV Inc. in June 2023. GDEV Inc. was founded in 2010 and is headquartered in Limassol, Cyprus.
Company profile, industry and headcount are as reported by our data provider and can lag a company's own filings by a reporting period. The annual report is the authority.
GDEV passes 1 of our 30 screens today
Each screen prints the exact criteria it used, and the circumstances in which it is wrong.
GDEV peers
The largest companies in the same industry (Electronic Gaming & Multimedia), then in the same sector.
- NETTF NetEase, Inc.
- PLTK Playtika Holding Corp.
- SNAL Snail, Inc.
- GXAI Gaxos.ai Inc.
- BHATF Blue Hat Interactive Entertainment Technology
- GOOGL Alphabet Inc.
- META Meta Platforms, Inc.
- 0700.HK Tencent Holdings
Every communications company we cover is on the Communications hub.
Common questions
Is GDEV Inc. (GDEV) undervalued?
Against our fair value estimate of $26.27, GDEV at $11.11 is 136% below fair value. That is one model's answer, not a recommendation. It is built from normalized earning power with growth capped deliberately low, which understates companies whose value is mostly future growth.
What is GDEV's P/E ratio?
GDEV trades at 3.1 times earnings. A low P/E is not automatically cheap: on a cyclical company it is usually a warning that earnings are at a peak.
Where does SteadyShares get its GDEV data?
Fundamentals for GDEV come from company filings and exchange data, as listed on NGM; institutional ownership comes from SEC 13F filings. The share price shown was last refreshed on 1 Oct 2026, 10:11 UTC and is delayed. Our data quality score for this company is 71/100, which is the share of the inputs behind our scores that were actually available rather than assumed. Metrics we do not hold are left out of the page rather than estimated.
The full research page for GDEV, with financial statements, ownership detail, peer comparison and alerts, is free inside the app.
Data from company filings, exchange quotes and SEC EDGAR 13F disclosures. Quotes are delayed. Metrics we do not have are left out rather than estimated. Educational information, not financial advice.