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Modern Times Group MTG ABFRA:MRTA -3.39%72 Debt-to-EBITDA is 1.72 as of Jun. 2026, which is 17% below its 10-year median of 2.06. GuruFocus rates FRA:MRTA with a GF Score™ of 72/100 and a GF Value™ of €15.56 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 304 Interactive Media companies, Modern Times Group MTG AB ranks worse than 77.3% on this metric.
Debt-to-EBITDA measures a company's ability to pay off its debt.
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 Modern Times Group MTG AB's Debt-to-EBITDA or its related term are showing as below:
FRA:MRTA'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: -1.18 Med: 2.06 Max: 11.36
Current: 2.59
During the past 13 years, the highest Debt-to-EBITDA Ratio of Modern Times Group MTG AB was 11.36. The lowest was -1.18. And the median was 2.06.
FRA:MRTA's Debt-to-EBITDA is ranked worse than 77.3% of 304
companies
in the Interactive Media industry
Industry Median: 0.67
vs FRA:MRTA: 2.59
Modern Times Group MTG AB (FRA:MRTA) Debt-to-EBITDA Explanation
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.
Modern Times Group MTG AB Debt-to-EBITDA Related Terms
Modern Times Group MTG AB Debt-to-EBITDA Historical Data
* 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.
FRA:MRTA vs NTES, EA, TTWO: Debt-to-EBITDA Comparison
For the Electronic Gaming & Multimedia subindustry, Modern Times Group MTG AB'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.
Modern Times Group MTG AB Debt-to-EBITDA vs Interactive Media Industry
For the Interactive Media industry and Communication Services sector, Modern Times Group MTG AB's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Modern Times Group MTG AB's Debt-to-EBITDA 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.
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 (Jun. 2026) EBITDA data.
Modern Times Group MTG AB (FRA:MRTA) has a Debt-to-EBITDA of 1.72 as of Jun. 2026. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on Modern Times Group MTG AB. This is 17% below median its historical median of 2.06. According to the industry distribution chart, Modern Times Group MTG AB ranks #235 out of 304 companies in the Interactive Media industry, placing it in the top 77.3%.
Is Modern Times Group MTG AB's Debt-to-EBITDA too high?
Modern Times Group MTG AB's current Debt-to-EBITDA of 1.72 is 17% below median its 10-year median of 2.06. The Interactive Media industry median Debt-to-EBITDA is 0.67. Modern Times Group MTG AB's value of 1.72 is 156.7% above this industry median. Based on the distribution chart, Modern Times Group MTG AB ranks #235 out of 304 companies in the Interactive Media industry, which is in the bottom quartile relative to peers. Overall, Modern Times Group MTG AB has a GF Score™ of 72/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Modern Times Group MTG AB's Debt-to-EBITDA compare to NTES and EA?
According to the Interactive Media industry distribution chart, Modern Times Group MTG AB ranks #235 out of 304 companies for Debt-to-EBITDA. This places Modern Times Group MTG AB in the lower half of its industry. The industry median Debt-to-EBITDA is 0.67. Modern Times Group MTG AB's value of 1.72 is 156.7% above this benchmark. While the company's 10-year median is 2.06 vs. the industry median of 0.67, Modern Times Group MTG AB 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. Modern Times Group MTG AB's current Debt-to-EBITDA of 1.72 is 156.7% 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 Modern Times Group MTG AB. 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. Modern Times Group MTG AB's current Debt-to-EBITDA is 1.72, which is 17% below median its own 10-year median of 2.06. 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 (FRA:MRTA) is currently considered Significantly Undervalued. The stock's GF Value™ is €15.56, compared to a current price of €10.84 — trading 30.3% below its estimated fair value. The current Debt-to-EBITDA is 1.72, which is 17% below median its 10-year median of 2.06 and 156.7% above the Interactive Media industry median of 0.67. Modern Times Group MTG AB's overall GF Score™ is 72/100 with 3 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 Modern Times Group MTG AB (FRA:MRTA), the current Debt-to-EBITDA is 1.72 as of Jun. 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 (FRA:MRTA) Overvalued in 2026?
Based on GuruFocus' analysis, Modern Times Group MTG AB stock appears to be undervalued.
The current stock price of €10.84 is trading 30.3% below its estimated GF Value™ of €15.56.
GuruFocus considers Modern Times Group MTG AB to be Significantly Undervalued.
Key valuation signals for FRA:MRTA:
Debt-to-EBITDA: 1.72 (17% below median its 10-year median of 2.06)
GF Value™: €15.56 vs. price of €10.84 (30.3% below fair value)
Industry Position: 156.7% above the Interactive Media median (#235 of 304)
No single metric tells the full story. See the FRA:MRTA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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.
72GF Score
Get the complete analysis for FRA:MRTA
Debt-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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