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 Forever Entertainment's Debt-to-EBITDA or its related term are showing as below:
WAR:FOR'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: -0.19 Med: 0.06 Max: 0.26
Current: 0.1
During the past 13 years, the highest Debt-to-EBITDA Ratio of Forever Entertainment was 0.26. The lowest was -0.19. And the median was 0.06.
WAR:FOR's Debt-to-EBITDA is ranked better than 78.36% of 305
companies
in the Interactive Media industry
Industry Median: 0.67
vs WAR:FOR: 0.10
Forever Entertainment (WAR:FOR) 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.
Forever Entertainment Debt-to-EBITDA Related Terms
Forever Entertainment Debt-to-EBITDA Historical Data
* Premium members only.
The historical data trend for Forever Entertainment'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.
WAR:FOR vs NTES, EA, TTWO: Debt-to-EBITDA Comparison
For the Electronic Gaming & Multimedia subindustry, Forever Entertainment'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.
Forever Entertainment Debt-to-EBITDA vs Interactive Media Industry
For the Interactive Media industry and Communication Services sector, Forever Entertainment's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Forever Entertainment'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 (Mar. 2026) EBITDA data.
Forever Entertainment (WAR:FOR) has a Debt-to-EBITDA of 0.00 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 Forever Entertainment. According to the industry distribution chart, Forever Entertainment ranks #66 out of 305 companies in the Interactive Media industry, placing it in the top 21.6%.
Is Forever Entertainment's Debt-to-EBITDA too high?
Forever Entertainment's current Debt-to-EBITDA is 0.00. Based on the distribution chart, Forever Entertainment ranks #66 out of 305 companies in the Interactive Media industry, which is in the top quartile — a strong position relative to peers. Overall, Forever Entertainment has a GF Score™ of 74/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Forever Entertainment's Debt-to-EBITDA compare to NTES and EA?
According to the Interactive Media industry distribution chart, Forever Entertainment ranks #66 out of 305 companies for Debt-to-EBITDA. This places Forever Entertainment in the top 22% of its industry — outperforming the majority of peers. The industry median Debt-to-EBITDA is 0.67. 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 305 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. 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 Forever Entertainment. 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. Forever Entertainment's current Debt-to-EBITDA is 0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Forever Entertainment stock overvalued right now?
Based on GuruFocus' analysis, Forever Entertainment (WAR:FOR) is currently considered Modestly Undervalued. The stock's GF Value™ is zł3.17, compared to a current price of zł2.50 — trading 21.1% below its estimated fair value. The current Debt-to-EBITDA is 0.00. Forever Entertainment's overall GF Score™ is 74/100 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 Forever Entertainment (WAR:FOR), the current Debt-to-EBITDA is 0.00 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 Forever Entertainment (WAR:FOR) Overvalued in 2026?
Based on GuruFocus' analysis, Forever Entertainment stock appears to be undervalued.
The current stock price of zł2.50 is trading 21.1% below its estimated GF Value™ of zł3.17.
GuruFocus considers Forever Entertainment to be Modestly Undervalued.
Key valuation signals for WAR:FOR:
Debt-to-EBITDA: 0.00
GF Value™: zł3.17 vs. price of zł2.50 (21.1% below fair value)
No single metric tells the full story. See the WAR:FOR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Forever Entertainment SA is an entertainment company that designs and manufactures computer game for different platforms. The company's games, such as Startioe, Not Dying Today, The Final Take, Zombillie, Teddy Floppy Ear, among others.
74GF Score
Get the complete analysis for WAR:FOR
Debt-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
WAR:FOR has been successfully added to your 
