Modern Times Group MTG AB (LTS:0GXJ) Cyclically Adjusted PS Ratio: 1.33 (As of Aug. 16, 2026) — 133% Above Median

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LTS:0GXJ Modern Times Group MTG AB LTS:0GXJ
70 GF Score
Price kr132.80
GF Value kr173.98
Valuation Modestly Undervalued
! 5 Warning Signs
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What is Modern Times Group MTG AB Cyclically Adjusted PS Ratio?

Modern Times Group MTG AB LTS:0GXJ +5.06% 70 Cyclically Adjusted PS Ratio is 1.33 as of Aug. 16, 2026, which is 133% above its 10-year median of 0.57. GuruFocus rates LTS:0GXJ with a GF Score™ of 70/100 and a GF Value™ of kr173.98 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 335 Interactive Media companies, Modern Times Group MTG AB ranks better than 51.34% on this metric.

As of today (2026-08-16), Modern Times Group MTG AB's current share price is kr132.80. Modern Times Group MTG AB's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was kr100.09. Modern Times Group MTG AB's Cyclically Adjusted PS Ratio for today is 1.33.

The historical rank and industry rank for Modern Times Group MTG AB's Cyclically Adjusted PS Ratio or its related term are showing as below:

LTS:0GXJ' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.34   Med: 0.57   Max: 1.32
Current: 1.31

During the past years, Modern Times Group MTG AB's highest Cyclically Adjusted PS Ratio was 1.32. The lowest was 0.34. And the median was 0.57.

LTS:0GXJ's Cyclically Adjusted PS Ratio is ranked better than
51.34% of 335 companies
in the Interactive Media industry
Industry Median: 1.37 vs LTS:0GXJ: 1.31

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

Modern Times Group MTG AB's adjusted revenue per share data for the three months ended in Jun. 2026 was kr24.803. Add all the adjusted revenue per share for the past 10 years together and divide 10 will get our Cyclically Adjusted Revenue per Share, which is kr100.09 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Modern Times Group MTG AB  (LTS:0GXJ) Cyclically Adjusted PS Ratio Explanation

Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PS Ratio should give similar results to regular PS Ratio.


Modern Times Group MTG AB Cyclically Adjusted PS Ratio Related Terms


Modern Times Group MTG AB Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Modern Times Group MTG AB's Cyclically Adjusted PS Ratio 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.

Modern Times Group MTG AB Cyclically Adjusted PS Ratio Chart

Modern Times Group MTG AB Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.59 0.57 0.58 0.74 1.07

Modern Times Group MTG AB Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Cyclically Adjusted PS Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.03 0.99 1.07 0.90 1.22

LTS:0GXJ vs NTES, EA, TTWO: Cyclically Adjusted PS Ratio Comparison

For the Electronic Gaming & Multimedia subindustry, Modern Times Group MTG AB's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS Ratio 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.


Modern Times Group MTG AB Cyclically Adjusted PS Ratio vs Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Modern Times Group MTG AB's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Modern Times Group MTG AB's Cyclically Adjusted PS Ratio falls into.


LTS:0GXJ
70GF Score
Modern Times Group MTG AB LTS:0GXJ
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Modern Times Group MTG AB Cyclically Adjusted PS Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PS Ratio takes the Revenue per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/S calculation. Because it considers this 10-year average, it's often referred to as the CAPS Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio.

Modern Times Group MTG AB's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=132.80/100.09
=1.33

* 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.

Modern Times Group MTG AB's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Modern Times Group MTG AB's adjusted Revenue per Share data for the three months ended in Jun. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=24.803/134.6100*134.6100
=24.803

Current CPI (Jun. 2026) = 134.6100.

Modern Times Group MTG AB Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 48.233 101.138 64.196
201612 56.584 102.022 74.659
201703 48.705 102.022 64.263
201706 55.785 102.752 73.081
201709 56.183 103.279 73.227
201712 69.596 103.793 90.260
201803 12.194 103.962 15.789
201806 13.143 104.875 16.869
201809 13.425 105.679 17.100
201812 11.497 105.912 14.612
201903 12.347 105.886 15.696
201906 14.328 106.742 18.069
201909 13.661 107.214 17.152
201912 15.218 107.766 19.009
202003 12.127 106.563 15.319
202006 14.385 107.498 18.013
202009 11.970 107.635 14.970
202012 13.978 108.296 17.374
202103 8.829 108.360 10.968
202106 7.546 108.928 9.325
202109 9.778 110.338 11.929
202112 11.494 112.486 13.755
202203 12.271 114.825 14.385
202206 12.524 118.384 14.241
202209 11.505 122.296 12.663
202212 11.039 126.365 11.759
202303 10.627 127.042 11.260
202306 11.896 129.407 12.374
202309 11.941 130.224 12.343
202312 12.751 131.912 13.012
202403 11.836 132.205 12.051
202406 11.828 132.716 11.997
202409 11.939 132.304 12.147
202412 14.151 132.987 14.324
202503 21.685 132.825 21.977
202506 24.843 133.699 25.012
202509 25.505 133.480 25.721
202512 26.807 133.390 27.052
202603 26.508 133.560 26.716
202606 24.803 134.610 24.803

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

What does a Cyclically Adjusted PS Ratio of 1.33 mean?
Modern Times Group MTG AB (LTS:0GXJ) has a Cyclically Adjusted PS Ratio of 1.33 as of Aug. 16, 2026. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on Modern Times Group MTG AB and its competitors. This is 133% above median its historical median of 0.57. Over the past decade, Modern Times Group MTG AB's Cyclically Adjusted PS Ratio has ranged from 0.34 to 1.32. According to the industry distribution chart, Modern Times Group MTG AB ranks #163 out of 335 companies in the Interactive Media industry, placing it in the top 48.7%.
Is Modern Times Group MTG AB's Cyclically Adjusted PS Ratio too high?
Modern Times Group MTG AB's current Cyclically Adjusted PS Ratio of 1.33 is 133% above median its 10-year median of 0.57. Over the past 10 years, this metric has ranged from a low of 0.34 to a high of 1.32. The Interactive Media industry median Cyclically Adjusted PS Ratio is 1.37. Modern Times Group MTG AB's value of 1.33 is 2.9% below this industry median. Based on the distribution chart, Modern Times Group MTG AB ranks #163 out of 335 companies in the Interactive Media industry, which is above the industry midpoint. Overall, Modern Times Group MTG AB has a GF Score™ of 70/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Modern Times Group MTG AB's Cyclically Adjusted PS Ratio compare to NTES and EA?
According to the Interactive Media industry distribution chart, Modern Times Group MTG AB ranks #163 out of 335 companies for Cyclically Adjusted PS Ratio. This puts Modern Times Group MTG AB in the upper half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.37. Modern Times Group MTG AB's value of 1.33 is 2.9% below this benchmark. Historically, Modern Times Group MTG AB's own Cyclically Adjusted PS Ratio has ranged from 0.34 to 1.32 over the past decade. While the company's 10-year median is 0.57 vs. the industry median of 1.37, Modern Times Group MTG AB 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 Cyclically Adjusted PS Ratio for an Interactive Media company?
The median Cyclically Adjusted PS Ratio among Interactive Media companies is 1.37, based on 335 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PS Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PS Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Modern Times Group MTG AB's current Cyclically Adjusted PS Ratio of 1.33 is 2.9% 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 Cyclically Adjusted PS Ratio mean?
A high Cyclically Adjusted PS Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on Modern Times Group MTG AB and its competitors. For the Interactive Media industry, the median Cyclically Adjusted PS Ratio is 1.37 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Modern Times Group MTG AB's current Cyclically Adjusted PS Ratio is 1.33, which is 133% above median its own 10-year median of 0.57. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Modern Times Group MTG AB stock overvalued right now?
Based on GuruFocus' analysis, Modern Times Group MTG AB (LTS:0GXJ) is currently considered Modestly Undervalued. The stock's GF Value™ is kr173.98, compared to a current price of kr132.80 — trading 23.7% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 1.33, which is 133% above median its 10-year median of 0.57 and 2.9% below the Interactive Media industry median of 1.37. Modern Times Group MTG AB's overall GF Score™ is 70/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PS Ratio calculated?
Cyclically Adjusted PS Ratio is calculated from a company's financial statements. For Modern Times Group MTG AB (LTS:0GXJ), the current Cyclically Adjusted PS Ratio is 1.33 as of Aug. 16, 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 Modern Times Group MTG AB (LTS:0GXJ) Overvalued in 2026?

Based on GuruFocus' analysis, Modern Times Group MTG AB stock appears to be undervalued. The current stock price of kr132.80 is trading 23.7% below its estimated GF Value™ of kr173.98. GuruFocus considers Modern Times Group MTG AB to be Modestly Undervalued.

Key valuation signals for LTS:0GXJ:

  • Cyclically Adjusted PS Ratio: 1.33 (133% above median its 10-year median of 0.57)
  • GF Value™: kr173.98 vs. price of kr132.80 (23.7% below fair value)
  • GF Score™: 70/100 with 5 warning signs
  • Industry Position: 2.9% below the Interactive Media median (#163 of 335)

No single metric tells the full story. See the LTS:0GXJ stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Modern Times Group MTG AB Business Description

Address Skeppsbron 18, P.O. Box 2094, Stockholm, SWE, SE-103 13
Modern Times Group MTG AB owns and operates gaming companies and studios with popular IPs across a wide range of casual and mid-core genres. The company's portfolio covers a wide range of evergreen gaming franchises like RAID: Shadow Legends, Forge of Empires, Top Drives, and Bloons, as well as word games like CrossWord Jam and WordTrip. Its games generate revenues through in-app purchases, advertising, and from third-party distribution platforms. It operates in a single business segment.
70GF Score

Get the complete analysis for LTS:0GXJ

Cyclically Adjusted PS Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

kr132.80
Price
kr173.98
GF Value