Is GAME or GDEV more undervalued in 2026?

CirclFi compares GameSquare Holdings, Inc. (GAME) and GDEV Inc. (GDEV) using 13 institutional-grade valuation models. GAME has a Quality of Company score of 5.1/10 while GDEV scores 2.0/10.

Which is a better buy — GAME or GDEV?

Compare intrinsic values from 13 independent models against current market prices. CirclFi also calculates Value Trap scores. This is not financial advice — conduct your own analysis.

How do GAME and GDEV valuations compare?

GAME at $0.41 and GDEV at $14.20 are compared across Bayesian DCF, EPV, EROIC Spread, First Chicago, Markov DDM, and 8 additional models.

GAME vs GDEV Valuation Comparison 2026 — Intrinsic Value Analysis

GAME

Electronic Gaming & Multimedia

GameSquare Holdings, Inc.

Quality

5.1

out of 10

Value Trap

LOW

Price

$0.41

Last close

Models

12/13

Active

GDEV

Electronic Gaming & Multimedia

GDEV Inc.

Quality

2.0

out of 10

Value Trap

—

Price

$14.20

Last close

Models

13/13

Active

Model-by-Model Comparison

Model	Type	GAME Fair Value	GAME Upside	GDEV Fair Value	GDEV Upside
Bayesian DCF	Intrinsic	$0.01	-97.5%	$2.85	-79.9%
Earnings Power Value	Intrinsic	$0.30	-39.6%	$0.62	-96.2%
EROIC Spread	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
First Chicago	Scenario	$•••.••	••.•%	$•••.••	••.•%
Markov DDM	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
ML-RIV	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
Dynamic NAV	Asset-Based	$•••.••	••.•%	$•••.••	••.•%
PWERM	Option-Based	$•••.••	••.•%	$•••.••	••.•%
Regime Cross-Sectional	Relative	$•••.••	••.•%	$•••.••	••.•%
Sentiment SOTP	Hybrid	$•••.••	••.•%	$•••.••	••.•%
CUCE Ensemble	Ensemble	$•••.••	••.•%	$•••.••	••.•%
FTNN Topology	Relative	$•••.••	••.•%	$•••.••	••.•%
RCMH-DCF	Intrinsic	$•••.••	••.•%	$•••.••	••.•%

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GAME vs GDEV — Which Stock Is More Undervalued?

GAME scores higher with a 5.1/10 quality rating vs GDEV's 2.0/10. Both stocks are analyzed daily using SEC EDGAR filings across 13 independent models.

Comparing GameSquare Holdings, Inc. (GAME) and GDEV Inc. (GDEV) across 13 institutional-grade valuation models reveals how each company's intrinsic value stacks up against its market price. CirclFi's engine processes SEC EDGAR 10-K and 10-Q filings, FRED macroeconomic data, and GDELT news sentiment to generate independent fair value estimates daily.

GAME currently trades at $0.41 with a QOC of 5.1/10, while GDEV trades at $14.20 with a QOC of 2.0/10.

Both companies are analyzed with models spanning intrinsic (Bayesian DCF, EPV), scenario-based (First Chicago), regime-switching (Markov DDM, RCMH-DCF), machine learning (ML-RIV, FTNN Topology), and ensemble methods (CUCE).