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Ten Square GamesWAR:TEN -1.53%83 Debt-to-EBITDA is 0.07 as of Mar. 2026, which is 13% below its 10-year median of 0.08. GuruFocus rates WAR:TEN with a GF Score™ of 83/100 and a GF Value™ of zł86.65 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 298 Interactive Media companies, Ten Square Games ranks better than 84.9% 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 Ten Square Games's Debt-to-EBITDA or its related term are showing as below:
WAR:TEN'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: 0.05 Med: 0.08 Max: 0.12
Current: 0.06
During the past 9 years, the highest Debt-to-EBITDA Ratio of Ten Square Games was 0.12. The lowest was 0.05. And the median was 0.08.
WAR:TEN's Debt-to-EBITDA is ranked better than 84.9% of 298
companies
in the Interactive Media industry
Industry Median: 0.645
vs WAR:TEN: 0.06
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.
Ten Square Games Debt-to-EBITDA Related Terms
Ten Square Games Debt-to-EBITDA Historical Data
* Premium members only.
The historical data trend for Ten Square Games'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:TEN vs NTES, EA, TTWO: Debt-to-EBITDA Comparison
For the Electronic Gaming & Multimedia subindustry, Ten Square Games'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.
Ten Square Games Debt-to-EBITDA vs Interactive Media Industry
For the Interactive Media industry and Communication Services sector, Ten Square Games's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Ten Square Games'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.
Ten Square Games (WAR:TEN) has a Debt-to-EBITDA of 0.07 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 Ten Square Games. This is 13% below median its historical median of 0.08. Over the past decade, Ten Square Games' Debt-to-EBITDA has ranged from 0.05 to 0.12. According to the industry distribution chart, Ten Square Games ranks #45 out of 298 companies in the Interactive Media industry, placing it in the top 15.1%.
Is Ten Square Games' Debt-to-EBITDA too high?
Ten Square Games' current Debt-to-EBITDA of 0.07 is 13% below median its 10-year median of 0.08. Over the past 10 years, this metric has ranged from a low of 0.05 to a high of 0.12. The Interactive Media industry median Debt-to-EBITDA is 0.65. Ten Square Games' value of 0.07 is 89.1% below this industry median. Based on the distribution chart, Ten Square Games ranks #45 out of 298 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 83/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ten Square Games' Debt-to-EBITDA compare to NTES and EA?
According to the Interactive Media industry distribution chart, Ten Square Games ranks #45 out of 298 companies for Debt-to-EBITDA. This places Ten Square Games in the top 15% of its industry — outperforming the majority of peers. The industry median Debt-to-EBITDA is 0.65. Ten Square Games' value of 0.07 is 89.1% below this benchmark. Historically, Ten Square Games' own Debt-to-EBITDA has ranged from 0.05 to 0.12 over the past decade. While the company's 10-year median is 0.08 vs. the industry median of 0.65, 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 Debt-to-EBITDA for an Interactive Media company?
The median Debt-to-EBITDA among Interactive Media companies is 0.65, based on 298 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. Ten Square Games's current Debt-to-EBITDA of 0.07 is 89.1% 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 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 Ten Square Games. For the Interactive Media industry, the median Debt-to-EBITDA is 0.65 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ten Square Games's current Debt-to-EBITDA is 0.07, which is 13% below median its own 10-year median of 0.08. 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 zł86.65, compared to a current price of zł103.20 — trading 19.1% above its estimated fair value. The current Debt-to-EBITDA is 0.07, which is 13% below median its 10-year median of 0.08 and 89.1% below the Interactive Media industry median of 0.65. Ten Square Games' overall GF Score™ is 83/100 with 6 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 Ten Square Games (WAR:TEN), the current Debt-to-EBITDA is 0.07 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 zł103.20 is trading 19.1% above its estimated GF Value™ of zł86.65.
GuruFocus considers Ten Square Games to be Modestly Overvalued.
Key valuation signals for WAR:TEN:
Debt-to-EBITDA: 0.07 (13% below median its 10-year median of 0.08)
GF Value™: zł86.65 vs. price of zł103.20 (19.1% above fair value)
Industry Position: 89.1% below the Interactive Media median (#45 of 298)
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.
83GF Score
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