Gravity Co., Ltd. develops and publishes online and mobile games worldwide. It offers massively multiplayer online role-playing games, including Ragnarok Online, Dragonica, Ragnarok Online II, and Ragnarok Landverse. Its mobile games portfolio includes Ragnarok M; Eternal Love; Ragnarok Origin; Ragnarok X: Next Generation; Ragnarok Arena; WITH ISLAND; the Labyrinth of Ragnarok; Ragnarok Poring; Tera Classic; NBA: Rise To Stardom; Generation …
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Competitive advantage assessment
Key strengths
Strong Interest Coverage & Conservative LeverageDebt serviceability is strong (score 0.79), with robust interest coverage.
Consistent Cash GenerationCash generation is strong and consistent (score 0.70).
Key risks
Revenue Volatility Signals Weak StickinessRevenue volatility is high (stability score 0.33), suggesting weak customer stickiness.
The dashed ring is the peer median. Defense scores are percentile ranks
against peers, so 50 is roughly the typical company in this group.
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Where GRVY ranks in Electronic Gaming & Multimedia
GRAVITY Co., Ltd. ranks #5 of 26
scored companies in Electronic Gaming & Multimedia by moat score — the top 19%.
The widest moat in the group is NetEase, Inc. (NTES)
at 83/100.
Moat scores for companies ranked near GRVY in Electronic Gaming & Multimedia
Pricing power is the ability to raise prices without losing volume.
Cost Advantage
Score 79
· 15% of the moat score
A cost advantage means delivering the same product for structurally less — better purchasing, denser distribution, a more automated process.
Customer Stickiness
Score 54
· 15% of the moat score
Stickiness is what makes revenue repeat without being re-won every year.
Capital Efficiency
Score 69
· 18% of the moat score
Capital efficiency asks what the company earns on the money tied up in the business.
Resilience
Score 81
· 17% of the moat score
Resilience is the capacity to get through a bad year on its own terms — enough liquidity, enough interest cover, and enough cash generation to avoid a rescue financing or a forced sale.
Scale & Market Position
Score 44
· 15% of the moat score
Scale matters only when it converts into economics.
GRAVITY Co., Ltd. (GRVY) scores 65 out of 100 on the StatsAlpha Moat Map, which rates its competitive advantage as moderate. It ranks #5 of 26 scored companies in Electronic Gaming & Multimedia, the top 19%. The score is a weighted composite of 6 competitive defenses, each measured against industry peers of 25 companies in Electronic Gaming & Multimedia. Its strongest defense is Resilience (81/100) and its weakest is Scale & Market Position (44/100).
How does GRAVITY Co., Ltd. compare with other Electronic Gaming & Multimedia companies?
GRAVITY Co., Ltd. ranks #5 of 26 scored companies in Electronic Gaming & Multimedia by moat score. The widest moat in Electronic Gaming & Multimedia is NetEase, Inc. (NTES) at 83/100. The companies ranked closest are Motorsport Games Inc. (MSGM) at 66 just above it and Gamehaus Holdings Inc. (GMHS) at 58 just below it.
How is the moat score calculated?
Each company is scored with an industry-specific template — Corporate Default in this case, chosen because the defenses that matter to a bank are not the ones that matter to a software company. Every defense combines several financial signals, and each signal is measured as a percentile against a peer group of 25 companies in Electronic Gaming & Multimedia. The defenses are then weighted to produce the overall score out of 100.
Why is GRAVITY Co., Ltd. scored with the Corporate Default template?
Most public companies sell a product or a service at a margin, so the moat question is whether that margin survives contact with competitors. The Corporate template scores the six defenses that show up in a general operating company's financial signature: whether it can hold price, produce more cheaply than rivals, keep its customers, earn a return above its cost of capital, withstand a downturn, and turn size into economics.
Which competitive defenses are measured for GRAVITY Co., Ltd.?
The Corporate Default template measures 6 defenses, and GRVY scores: Pricing Power (63), Cost Advantage (79), Customer Stickiness (54), Capital Efficiency (69), Resilience (81), Scale & Market Position (44). Each is scored independently as a percentile against peers, so a company can be strong on one and weak on another — the overall score reflects how those defenses are weighted for this industry.
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