Buy GAW by Jun 16, 2025.

This post is in relation to Games Workshop (LON: GAW), the \~£4.66 billion (\~$5.93B USD) tabletop gaming titan behind Warhammer. My thesis: Warhammer’s universe, intellectual property (IP) and ecosystem are worth *more* than GAW’s current market cap *and* what Disney paid for Star Wars in 2012 ($4.05B, or $5.54B in 2025 dollars). I know this might sound bold. One can say that Warhammer’s a niche , not a mainstream beast like Star Wars was. However, as someone that's been closely …