GDEV vs NCTY Stock Comparison

Gdev and The9 Prices as of Oct 26, 2026 Peers: Industry group
GDEV GDEV Inc.
$9.71 -10.9% 1M -60.3% 1Y
Market cap
$182.22M
P/E
2.4x
Revenue (TTM)
$380.57M
Div. yield
–
Video Games Technology
6 wins
NCTY The9 LTD
$3.28 -10.1% 1M -66.4% 1Y
Market cap
$24.41M
P/E
0.5x
Revenue (TTM)
$11.12M
Div. yield
–
Video Games Technology
2 wins

Head to Head

8 decided of 12

Gdev leads on 6 of the 12 questions below (Gdev 6, The9 2). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionGDEVNCTYLeader
Larger companyMarket capitalisation $182.22M $24.41M GDEV
Cheaper on earningsLower P/E, profitable companies only 2.4x 0.5x NCTY
Cheaper on forward earningsLower price / next fiscal year consensus EPS — — –
Faster revenue growthRevenue growth, trailing twelve months -10.6% -39.5% GDEV
More profitableNet margin, trailing twelve months 19.7% 409.6% NCTY
Better return on capitalReturn on invested capital — — –
Less leveragedLower net debt / EBITDA — -0.6x –
Higher dividend yieldTrailing dividend yield 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months -60.3% -66.4% GDEV
Better 5-year returnAnnualised price return, 5 years -36.0%/yr -50.5%/yr GDEV
Less volatileAnnualised volatility, 1 year 88.8% 91.8% GDEV
Higher overall scoreMean of the five percentile scores vs peers 67/100 41/100 GDEV

Percentile Scorecard

GDEVNCTY

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisGDEVNCTY
Valuation 99 #2 of 167 23 #129 of 167
Growth 71 #45 of 153 78 #34 of 153
Profitability 76 #37 of 153 30 #107 of 153
Financial Health 22 #140 of 179 34 #119 of 179
Shareholder Returns – –
Overall 67 41
  • GDEV ranked among 185 companies in Internet Platforms
  • NCTY ranked among 185 companies in Internet Platforms

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodGDEVNCTYSPY
1 month -10.9%-10.1% -0.8%
3 months -19.1%-27.8% +3.5%
6 months -41.8%-38.6% +7.0%
Year to date -35.3%-48.5% +12.2%
1 year -60.3%-66.4% +13.0%
3 years -57.6%-36.6% +86.3%
3 years, per year -24.9%-14.1% +23.1%
5 years -89.3%-97.0% +68.6%
5 years, per year -36.0%-50.5% +11.0%
10 years —-99.3% +258.0%
10 years, per year —-39.1% +13.6%

Risk

MeasureGDEVNCTYSPY
Volatility, 1Y 88.8%91.8% 12.7%
Downside volatility, 1Y 84.6%85.7% 12.7%
Beta vs S&P 500, 1Y 0.192.27 1.00
Return / volatility, 1Y -0.68-0.72 1.02
Max drawdown, 5Y -89.6%-97.7% -25.4%
From 52-week high -60.7%-67.8% -1.8%
52-week high $24.71$10.19 $779.14
52-week low $9.57$3.12 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleGDEVNCTY
P/E now vs peer median 2.3xmedian 17.5x 0.5xmedian 17.5x
P/S now vs peer median 0.5xmedian 1.4x 2.2xmedian 1.4x
EV/EBITDA now vs peer median 1.2xmedian 14.5x -1.5xmedian 14.5x
P/FCF now vs peer median 3.7xmedian 12.1x -6.4xmedian 12.1x
P/B now vs peer median -3.4xmedian 1.7x 0.3xmedian 1.7x
PEG now vs peer median 0.04median 0.41 —median 0.41

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsGDEVNCTY
Revenue $380.57M $11.12M
Gross profit – $502.33K
Operating income $75.99M -$32.57M
Net income $74.94M $45.54M
Free cash flow $48.00M -$3.90M
R&D – $998.24K
EPS (diluted) $4.07 $6.01
Cash & equivalents $78.24M $1.88M
Total debt – $86.29M
Shares (diluted) 18.40M 7.58M
Enterprise value -$111.54M $6.20M

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricGDEVNCTY
P/E 2.3x 0.5x
P/FCF 3.7x -6.4x
P/Operating cash flow 3.7x -6.4x
P/S 0.5x 2.2x
P/B -3.4x 0.3x
P/Tangible book -3.4x 0.3x
EV/EBITDA 1.2x -1.5x
EV/EBIT 1.2x -1.4x
EV/Revenue 0.3x 4.0x
EV/FCF 2.0x -11.3x
EV/Operating cash flow 2.0x -11.3x
PEG (3Y EPS CAGR) 0.04 –

Growth

14 metrics
MetricGDEVNCTY
Revenue growth (1Y) -10.6% -39.5%
Revenue CAGR (3Y) -6.2% –
Gross profit growth (1Y) – 148.3%
Gross profit CAGR (3Y) – –
Operating income growth (1Y) 7.9% 31.3%
Operating income CAGR (3Y) 41.7% –
Net income growth (1Y) 43.7% 186.3%
Net income CAGR (3Y) 61.6% –
EPS growth (1Y) 23.9% 153.1%
EPS CAGR (3Y) 63.3% –
Operating cash flow growth (1Y) 276.1% –
Operating cash flow CAGR (3Y) – –
Free cash flow growth (1Y) 276.1% –
Free cash flow CAGR (3Y) – –

Profitability

14 metrics
MetricGDEVNCTY
Gross margin – 4.5%
EBITDA margin 22.2% -266.3%
Operating margin 20.0% -292.8%
Pretax margin 21.2% 411.0%
Net margin 19.7% 409.6%
FCF margin 12.6% -35.1%
Operating cash flow margin 12.6% -35.1%
Return on equity – 67.5%
Return on assets – 36.1%
Return on invested capital – –
Return on capital employed – -42.3%
Asset turnover – 0.1x
Cash conversion (OCF / net income) 0.6x -0.1x
Stock comp / revenue – 63.5%

Financial Health

11 metrics
MetricGDEVNCTY
Debt / assets – 14.7%
Debt / equity – 0.3x
Net debt / EBITDA – -0.6x
Debt / FCF – -5.5x
Liabilities / assets 121.5% 41.5%
Equity / assets -21.5% 58.5%
Interest coverage 6.9x -7.7x
Current ratio 0.7x 2.6x
Quick ratio 0.6x 0.1x
Cash ratio 0.4x 0.0x
Altman Z-score 1.58 -6.06

Shareholder Returns

7 metrics
MetricGDEVNCTY
Dividend yield – –
Net buyback yield – –
Shareholder yield 0.0% 0.0%
Payout ratio (earnings) – –
Payout ratio (FCF) – –
Dividend growth (1Y) – –
Dividend CAGR (3Y) – –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusGDEVNCTY

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersGDEVNCTY
Held by institutions 2.2% 0.8%
Institutions holding 7 9
Change in shares held, QoQ -0.6% +25.7%
Institutions buying 2 4
Institutions selling 3 2
Buyers to sellers 0.67 2.00

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

GDEVNCTY
GDEV 1.00 -0.04
NCTY -0.04 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, GDEV and NCTY?

Gdev (GDEV) is the largest by market capitalisation: Gdev (GDEV) $182.22M, The9 (NCTY) $24.41M.

Which stock is cheaper, GDEV and NCTY?

The9 (NCTY) trades on the lowest price-to-earnings ratio (Gdev (GDEV) 2.4x, The9 (NCTY) 0.5x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Gdev (GDEV) grew revenue fastest over the trailing twelve months: Gdev (GDEV) -10.6%, The9 (NCTY) -39.5%.

Which company is more profitable?

The9 (NCTY) has the highest net margin (Gdev (GDEV) 19.7%, The9 (NCTY) 409.6%).

Which stock has performed better?

Over the past year Gdev (GDEV) returned the most: Gdev (GDEV) -60.3%, The9 (NCTY) -66.4%. Over five years, Gdev (GDEV) compounded fastest (Gdev (GDEV) -36.0%/yr, The9 (NCTY) -50.5%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, Gdev (GDEV) has been the steadiest (Gdev (GDEV) 88.8%, The9 (NCTY) 91.8%). Volatility measures how widely the price swings, not the risk of the business.

Do GDEV and NCTY move together?

Their daily returns over the past year have a correlation of -0.04, a negative relationship. Holding both diversifies more than two closely linked stocks would.

Which is the better stock, GDEV and NCTY?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Gdev (GDEV) leads on 6. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.