CIGMF (CI Games SE) Debt-to-EBITDA : 3.40 (As of Mar. 2026) — 542% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

CIGMF CI Games SE CIGMF
63 GF Score
Price $0.69
GF Value $0.50
Valuation Significantly Overvalued
! 8 Warning Signs
View Full Analysis

What is CI Games SE Debt-to-EBITDA?

CI Games SE CIGMF 63 Debt-to-EBITDA is 3.40 as of Mar. 2026, which is 542% above its 10-year median of 0.53. GuruFocus rates CIGMF with a GF Score™ of 63/100 and a GF Value™ of $0.50 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 304 Interactive Media companies, CI Games SE ranks worse than 68.09% on this metric.

Debt-to-EBITDA measures a company's ability to pay off its debt.

CI Games SE's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was $15.18 Mil. CI Games SE's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was $0.00 Mil. CI Games SE's annualized EBITDA for the quarter that ended in Mar. 2026 was $4.47 Mil. CI Games SE's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2026 was 3.40.

A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt. According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.

The historical rank and industry rank for CI Games SE's Debt-to-EBITDA or its related term are showing as below:

CIGMF' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -1.61   Med: 0.53   Max: 12.83
Current: 1.77

During the past 13 years, the highest Debt-to-EBITDA Ratio of CI Games SE was 12.83. The lowest was -1.61. And the median was 0.53.

CIGMF's Debt-to-EBITDA is ranked worse than
68.09% of 304 companies
in the Interactive Media industry
Industry Median: 0.665 vs CIGMF: 1.77

CI Games SE  (OTCPK:CIGMF) Debt-to-EBITDA Explanation

In the calculation of Debt-to-EBITDA, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by EBITDA. In some calculations, Total Liabilities is used to for calculation.


Be Aware

A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt.

According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.


CI Games SE Debt-to-EBITDA Related Terms


CI Games SE Debt-to-EBITDA Historical Data

* Premium members only.

The historical data trend for CI Games SE's Debt-to-EBITDA 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.

CI Games SE Debt-to-EBITDA Chart

CI Games SE Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Debt-to-EBITDA
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.08 1.14 0.68 0.38 1.39

CI Games SE Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Debt-to-EBITDA 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 0.55 0.35 -4.60 1.14 3.40

CIGMF vs NTES, EA, TTWO: Debt-to-EBITDA Comparison

For the Electronic Gaming & Multimedia subindustry, CI Games SE's Debt-to-EBITDA, along with its competitors' market caps and Debt-to-EBITDA 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.


CI Games SE Debt-to-EBITDA vs Interactive Media Industry

For the Interactive Media industry and Communication Services sector, CI Games SE's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where CI Games SE's Debt-to-EBITDA falls into.


CIGMF
63GF Score
CI Games SE CIGMF
Debt-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

CI Games SE Debt-to-EBITDA Calculation

Debt-to-EBITDA measures a company's ability to pay off its debt.

CI Games SE's Debt-to-EBITDA for the fiscal year that ended in Dec. 2025 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(13.054 + 0.963) / 10.108
=1.39

CI Games SE's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2026 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(15.177 + 0.001) / 4.468
=3.40

* 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.

In the calculation of annual Debt-to-EBITDA, the EBITDA of the last fiscal year is used. In calculating the annualized quarterly data, the EBITDA data used here is four times the quarterly (Mar. 2026) EBITDA data.

Frequently Asked Questions Learn more about Debt-to-EBITDA →
What does a Debt-to-EBITDA of 3.40 mean?
CI Games SE (CIGMF) has a Debt-to-EBITDA of 3.40 as of Mar. 2026. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on CI Games SE. This is 542% above median its historical median of 0.53. According to the industry distribution chart, CI Games SE ranks #207 out of 304 companies in the Interactive Media industry, placing it in the top 68.1%.
Is CI Games SE's Debt-to-EBITDA too high?
CI Games SE's current Debt-to-EBITDA of 3.40 is 542% above median its 10-year median of 0.53. The Interactive Media industry median Debt-to-EBITDA is 0.67. CI Games SE's value of 3.40 is 411.3% above this industry median. Based on the distribution chart, CI Games SE ranks #207 out of 304 companies in the Interactive Media industry, which is below the industry midpoint. Overall, CI Games SE has a GF Score™ of 63/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does CI Games SE's Debt-to-EBITDA compare to NTES and EA?
According to the Interactive Media industry distribution chart, CI Games SE ranks #207 out of 304 companies for Debt-to-EBITDA. This places CI Games SE in the lower half of its industry. The industry median Debt-to-EBITDA is 0.67. CI Games SE's value of 3.40 is 411.3% above this benchmark. While the company's 10-year median is 0.53 vs. the industry median of 0.67, CI Games SE has consistently been above 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 Debt-to-EBITDA for an Interactive Media company?
The median Debt-to-EBITDA among Interactive Media companies is 0.67, based on 304 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-EBITDA significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-EBITDA should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. CI Games SE's current Debt-to-EBITDA of 3.40 is 411.3% above 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 Debt-to-EBITDA mean?
A high Debt-to-EBITDA can signal that a stock is expensive relative to its fundamentals. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on CI Games SE. For the Interactive Media industry, the median Debt-to-EBITDA is 0.67 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. CI Games SE's current Debt-to-EBITDA is 3.40, which is 542% above median its own 10-year median of 0.53. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CI Games SE stock overvalued right now?
Based on GuruFocus' analysis, CI Games SE (CIGMF) is currently considered Significantly Overvalued. The stock's GF Value™ is $0.50, compared to a current price of $0.69 — trading 38.8% above its estimated fair value. The current Debt-to-EBITDA is 3.40, which is 542% above median its 10-year median of 0.53 and 411.3% above the Interactive Media industry median of 0.67. CI Games SE's overall GF Score™ is 63/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-EBITDA calculated?
Debt-to-EBITDA is calculated from a company's financial statements. For CI Games SE (CIGMF), the current Debt-to-EBITDA is 3.40 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 CI Games SE (CIGMF) Overvalued in 2026?

Based on GuruFocus' analysis, CI Games SE stock appears to be overvalued. The current stock price of $0.69 is trading 38.8% above its estimated GF Value™ of $0.50. GuruFocus considers CI Games SE to be Significantly Overvalued.

Key valuation signals for CIGMF:

  • Debt-to-EBITDA: 3.40 (542% above median its 10-year median of 0.53)
  • GF Value™: $0.50 vs. price of $0.69 (38.8% above fair value)
  • GF Score™: 63/100 with 8 warning signs
  • Industry Position: 411.3% above the Interactive Media median (#207 of 304)

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


CI Games SE Business Description

Other Exchanges CIG:PolandCI7:Germany
Address Rondo Daszyńskiego 2B, Warszawa, POL, 00-843
CI Games SE is engaged in developing, producing, publishing, and distributing computer games. The company offers various games including Sniper Ghost Warrior, Alien Fear, Dogfight 1942, Farm Frenzy and Enemy Front among others.
63GF Score

Get the complete analysis for CIGMF

Debt-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$0.69
Price
$0.50
GF Value