Ten Square GamesWAR:TEN +1.76%84 Capex-to-Operating-Income is 0.08 as of Mar. 2026, which is 100% above its 10-year median of 0.04. GuruFocus rates WAR:TEN with a GF Score™ of 84/100 and a GF Value™ of zł85.62 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 235 Interactive Media companies, Ten Square Games ranks better than 77.87% on this metric.
Capex-to-Operating-Income measures a company's investments in physical assets such as property, industrial buildings or equipment to its operating income.
Hence, Ten Square Games's Capex-to-Operating-Income for the
three
months ended in Mar. 2026 was 0.08.
Ten Square Games (WAR:TEN) Capex-to-Operating-Income Explanation
Capex-to-Operating-Income assesses how much emphasis a company is placing upon investing in capital-intensive projects. The ratio is generally a good gauge to quantify how much focus on growth a company has. Typically, smaller companies that are still growing and expanding will have a higher Capex to Operating Income Ratio, since such businesses are likely investing more in physical assets. Lower ratios could indicate that a company has reached maturity and it is no longer pursuing aggressive growth.
Ten Square Games Capex-to-Operating-Income Related Terms
Ten Square Games Capex-to-Operating-Income Historical Data
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The historical data trend for Ten Square Games's Capex-to-Operating-Income can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
WAR:TEN vs NTES, EA, TTWO: Capex-to-Operating-Income Comparison
For the Electronic Gaming & Multimedia subindustry, Ten Square Games's Capex-to-Operating-Income, along with its competitors' market caps and Capex-to-Operating-Income data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Ten Square Games Capex-to-Operating-Income vs Interactive Media Industry
For the Interactive Media industry and Communication Services sector, Ten Square Games's Capex-to-Operating-Income distribution charts can be found below:
* The bar in red indicates where Ten Square Games's Capex-to-Operating-Income falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
What does a Capex-to-Operating-Income of 0.08 mean?
Ten Square Games (WAR:TEN) has a Capex-to-Operating-Income of 0.08 as of Mar. 2026. Capex to Operating Income ratio measures a company's investments in physical assets to its operating income. View historical data on Ten Square Games and its competitors. This is 100% above median its historical median of 0.04. Over the past decade, Ten Square Games' Capex-to-Operating-Income has ranged from 0.02 to 0.33. According to the industry distribution chart, Ten Square Games ranks #52 out of 235 companies in the Interactive Media industry, placing it in the top 22.1%.
Is Ten Square Games' Capex-to-Operating-Income too high?
Ten Square Games' current Capex-to-Operating-Income of 0.08 is 100% above median its 10-year median of 0.04. Over the past 10 years, this metric has ranged from a low of 0.02 to a high of 0.33. The Interactive Media industry median Capex-to-Operating-Income is 0.25. Ten Square Games' value of 0.08 is 68% below this industry median. Based on the distribution chart, Ten Square Games ranks #52 out of 235 companies in the Interactive Media industry, which is in the top quartile — a strong position relative to peers. Overall, Ten Square Games has a GF Score™ of 84/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ten Square Games' Capex-to-Operating-Income compare to NTES and EA?
According to the Interactive Media industry distribution chart, Ten Square Games ranks #52 out of 235 companies for Capex-to-Operating-Income. This places Ten Square Games in the top 22% of its industry — outperforming the majority of peers. The industry median Capex-to-Operating-Income is 0.25. Ten Square Games' value of 0.08 is 68% below this benchmark. Historically, Ten Square Games' own Capex-to-Operating-Income has ranged from 0.02 to 0.33 over the past decade. While the company's 10-year median is 0.04 vs. the industry median of 0.25, Ten Square Games has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Capex-to-Operating-Income for an Interactive Media company?
The median Capex-to-Operating-Income among Interactive Media companies is 0.25, based on 235 companies in the industry. Companies in the top quartile (top 25%) have a Capex-to-Operating-Income significantly above this median, while those in the bottom quartile fall well below. However, Capex-to-Operating-Income should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Ten Square Games's current Capex-to-Operating-Income of 0.08 is 68% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Capex-to-Operating-Income mean?
A high Capex-to-Operating-Income can signal that a stock is expensive relative to its fundamentals. Capex to Operating Income ratio measures a company's investments in physical assets to its operating income. View historical data on Ten Square Games and its competitors. For the Interactive Media industry, the median Capex-to-Operating-Income is 0.25 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ten Square Games's current Capex-to-Operating-Income is 0.08, which is 100% above median its own 10-year median of 0.04. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ten Square Games stock overvalued right now?
Based on GuruFocus' analysis, Ten Square Games (WAR:TEN) is currently considered Modestly Overvalued. The stock's GF Value™ is zł85.62, compared to a current price of zł95.60 — trading 11.7% above its estimated fair value. The current Capex-to-Operating-Income is 0.08, which is 100% above median its 10-year median of 0.04 and 68% below the Interactive Media industry median of 0.25. Ten Square Games' overall GF Score™ is 84/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Capex-to-Operating-Income calculated?
Capex-to-Operating-Income is calculated from a company's financial statements. For Ten Square Games (WAR:TEN), the current Capex-to-Operating-Income is 0.08 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Ten Square Games (WAR:TEN) Overvalued in 2026?
Based on GuruFocus' analysis, Ten Square Games stock appears to be overvalued.
The current stock price of zł95.60 is trading 11.7% above its estimated GF Value™ of zł85.62.
GuruFocus considers Ten Square Games to be Modestly Overvalued.
Key valuation signals for WAR:TEN:
Capex-to-Operating-Income: 0.08 (100% above median its 10-year median of 0.04)
GF Value™: zł85.62 vs. price of zł95.60 (11.7% above fair value)
Industry Position: 68% below the Interactive Media median (#52 of 235)
No single metric tells the full story. See the WAR:TEN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ten Square Games SA is a developer of free-to-play mobile games with a focus on hobby genres, including fishing, hunting, and aviation. The company's portfolio includes popular titles such as Fishing Clash, Hunting Clash, Real Flight Simulator, Trophy Hunter, Let's Fish, and Wings of Heroes. The company's source of revenue includes micro-payments, subscriptions, advertisement, and licenses. The company generates the majority of its revenue from the micro-payments.
84GF Score
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