Since the beginning of the year, CD PROJEKT's shares have increased by 37%, Bloomberg noted. According to analysts interviewed by the publication, investor sentiment toward the Polish company has improved due to the hype around the next installment of The Witcher.
Currently, CD PROJEKT's market value is 28.8 times its projected annual revenue. For comparison, the capitalization/revenue ratio for Ubisoft—another major gaming company from Europe—is 0.7. Additionally, the creators of The Witcher have outpaced all companies in the extensive European STOXX 600 index by this measure.
The Bloomberg article did not specify CD PROJEKT's market value. According to Google Finance, it amounts to 26.54 billion PLN or 7.3 billion USD.
It is anticipated that as the release of The Witcher IV approaches, CD PROJEKT's stock price will rise even further. However, analysts remind us that the company experienced a similar situation five years ago leading up to the release of Cyberpunk 2077. At that time, CD PROJEKT soared to a record level, but due to the poor quality of the game at launch, its stock price plummeted several times over. What will happen this time remains to be seen.