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Modern Times Group MTG ABFRA:MRTA +3.87%73 Debt-to-Equity is 0.42 as of Jun. 2026, which is 163% above its 10-year median of 0.16. GuruFocus rates FRA:MRTA with a GF Score™ of 73/100 and a GF Value™ of €15.52 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 411 Interactive Media companies, Modern Times Group MTG AB ranks worse than 75.67% on this metric.
A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.
The historical rank and industry rank for Modern Times Group MTG AB's Debt-to-Equity or its related term are showing as below:
FRA:MRTA'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.16 Max: 1.07
Current: 0.42
During the past 13 years, the highest Debt-to-Equity Ratio of Modern Times Group MTG AB was 1.07. The lowest was 0.01. And the median was 0.16.
FRA:MRTA's Debt-to-Equity is ranked worse than 75.67% of 411
companies
in the Interactive Media industry
Industry Median: 0.13
vs FRA:MRTA: 0.42
Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.
Modern Times Group MTG AB Debt-to-Equity Related Terms
Modern Times Group MTG AB Debt-to-Equity 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-Equity Comparison
For the Electronic Gaming & Multimedia subindustry, Modern Times Group MTG AB's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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-Equity vs Interactive Media Industry
For the Interactive Media industry and Communication Services sector, Modern Times Group MTG AB's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Modern Times Group MTG AB's Debt-to-Equity 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.
Modern Times Group MTG AB (FRA:MRTA) has a Debt-to-Equity of 0.42 as of Jun. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Modern Times Group MTG AB and its competitors. This is 163% above median its historical median of 0.16. Over the past decade, Modern Times Group MTG AB's Debt-to-Equity has ranged from 0.01 to 1.07. According to the industry distribution chart, Modern Times Group MTG AB ranks #311 out of 411 companies in the Interactive Media industry, placing it in the top 75.7%.
Is Modern Times Group MTG AB's Debt-to-Equity too high?
Modern Times Group MTG AB's current Debt-to-Equity of 0.42 is 163% above median its 10-year median of 0.16. Over the past 10 years, this metric has ranged from a low of 0.01 to a high of 1.07. The Interactive Media industry median Debt-to-Equity is 0.13. Modern Times Group MTG AB's value of 0.42 is 223.1% above this industry median. Based on the distribution chart, Modern Times Group MTG AB ranks #311 out of 411 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 73/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Modern Times Group MTG AB's Debt-to-Equity compare to NTES and EA?
According to the Interactive Media industry distribution chart, Modern Times Group MTG AB ranks #311 out of 411 companies for Debt-to-Equity. This places Modern Times Group MTG AB in the lower half of its industry. The industry median Debt-to-Equity is 0.13. Modern Times Group MTG AB's value of 0.42 is 223.1% above this benchmark. Historically, Modern Times Group MTG AB's own Debt-to-Equity has ranged from 0.01 to 1.07 over the past decade. While the company's 10-year median is 0.16 vs. the industry median of 0.13, 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-Equity for an Interactive Media company?
The median Debt-to-Equity among Interactive Media companies is 0.13, based on 411 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity 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-Equity of 0.42 is 223.1% 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-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Modern Times Group MTG AB and its competitors. For the Interactive Media industry, the median Debt-to-Equity is 0.13 — 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-Equity is 0.42, which is 163% above median its own 10-year median of 0.16. 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 Modestly Undervalued. The stock's GF Value™ is €15.52, compared to a current price of €11.81 — trading 23.9% below its estimated fair value. The current Debt-to-Equity is 0.42, which is 163% above median its 10-year median of 0.16 and 223.1% above the Interactive Media industry median of 0.13. Modern Times Group MTG AB's overall GF Score™ is 73/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For Modern Times Group MTG AB (FRA:MRTA), the current Debt-to-Equity is 0.42 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 €11.81 is trading 23.9% below its estimated GF Value™ of €15.52.
GuruFocus considers Modern Times Group MTG AB to be Modestly Undervalued.
Key valuation signals for FRA:MRTA:
Debt-to-Equity: 0.42 (163% above median its 10-year median of 0.16)
GF Value™: €15.52 vs. price of €11.81 (23.9% below fair value)
Industry Position: 223.1% above the Interactive Media median (#311 of 411)
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.
73GF Score
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