Games Workshop Group PLC (GAW.L)
Games Workshop is the British powerhouse behind Warhammer, designing and selling intricate tabletop miniatures and fantasy worlds to a global fanbase.
Is Games Workshop Group PLC a good stock for a UK beginner?
The honest version: There's no rating here and nothing for sale. In its favour: Strong brand loyalty with a dedicated global community. Worth weighing: High valuation compared to typical consumer goods companies. Below, we lay out what it does, what its numbers mean, and the honest risks, so you can decide for yourself.
Over about 2 years to 2026-07-31. This is the share price only - reinvesting the dividends would add to it. Past performance is not a guide to the future, and it could just as easily have fallen.
How much has Games Workshop Group PLC actually fallen?
Over the last 2 years of daily prices, Games Workshop Group PLC fell as much as −17% from a high to a later low. Drops of this size are a normal part of owning a share - worth knowing in advance, so a dip doesn't come as a shock.
Worst peak-to-trough fall in the daily closing price over the period we hold. Past falls are not a forecast - it can fall further, or recover.
Based on beta - how much the price swings versus the whole market. Bumpier isn't bad; it just means a rougher ride, which matters more the sooner you might need the money.
Prices move on results, news and the mood of the whole market - no single headline explains a day, and a quiet week is usually just noise, not a signal.
Warhammer becomes a major global entertainment franchise.
A significant decline in the popularity of tabletop gaming.
What does Games Workshop Group PLC do?
Games Workshop creates the Warhammer universe, selling plastic model kits, paints, and rulebooks that fans assemble and paint themselves. Money flows from controlling the entire process, from design to manufacturing in Nottingham, and selling through their own shops and online. How well they keep their loyal community engaged while stretching the brand into films and TV shows is the thing that counts.
On our factor screen it looks strongest on quality and momentum, and weakest on value.
- ✓Pays a dividend - about 2.0% a year
- ✓Growing - revenue up about 3% over the year
- ✓Very profitable - turns about 31% of sales into profit
- !High P/E of 31 - big growth is already priced in
- ✓Low debt - a sturdier balance sheet
- ✓Strong return on shareholder money (ROE 67%)
- Quality screens high (86/100)
- Strong brand loyalty with a dedicated global community
- High profit margins due to in-house manufacturing
- Unique intellectual property that is difficult to replicate
- Value screens low (7/100)
- Changes in consumer tastes away from tabletop gaming
- Rising costs of raw materials or energy for manufacturing
- Potential failure of media projects to attract new fans
What do Games Workshop Group PLC's numbers mean?
Does Games Workshop Group PLC pay a dividend?
Yes - Games Workshop Group PLC currently pays a dividend of about 2.0% a year (the yearly payout as a share of the price). A dividend is a slice of profit handed to shareholders; the yield moves as the price moves, and a company can cut or stop it.
What do the numbers say about Games Workshop Group PLC's dividend?
There's no rating here, and we don't judge whether the dividend will continue - that would be advice. Here are the figures income investors usually look at, and what each one means, so you can weigh it up yourself.
Figures are from the latest available data and can be distorted by one-off results. Past payments don't predict future ones, and a dividend can be cut at any time. This lays out the numbers to help you understand them - it is not a view on what will happen.
When does Games Workshop Group PLC report earnings, and how did recent quarters go?
Games Workshop Group PLC is next scheduled to report on about 2027-01-12 - dates can move, and we don't predict results; this just tells you when to look.
Each quarter a company reports its results against what analysts expected. ‘Beating’ or ‘missing’ is about that expectation, not whether the business is doing well in absolute terms.
See who else reports over the next two weeks →
Reported vs expected earnings per share (EPS) from published results; the expectation is the analyst consensus, not our view. Report dates are estimates that can move.
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Casey's General Stores, Inc.What are the scenarios for Games Workshop Group PLC?
An illustrative range for the year ahead, with the assumption behind each case — not a prediction or a price target.
What are the pros and cons of Games Workshop Group PLC?
How many points the write-up makes each way — a balance check, not a score or verdict.
- Strong brand loyalty with a dedicated global community
- High profit margins due to in-house manufacturing
- Unique intellectual property that is difficult to replicate
- High valuation compared to typical consumer goods companies
- Niche market focus may limit total growth potential
- Reliance on discretionary spending during economic downturns
- Changes in consumer tastes away from tabletop gaming
- Rising costs of raw materials or energy for manufacturing
- Potential failure of media projects to attract new fans
The write-up's own warning lights — if these start happening, the case above changes.
- A sustained drop in profit margins over several quarters
- A significant decline in the number of active hobbyists
Built from public filings & market prices, checked for an education-only tone, and never a price target. How we make these →
This plain-English summary was auto-generated on 2026-08-02 from public data and checked for an education-only, no-advice tone (the figures above carry their own, usually fresher, 'as of' date). It's information, never a recommendation.