PlayWay (WAR:PLW) Debt-to-Equity: 0.02 (As of Mar. 2026) — 100% Above Median

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Director of Data and Quant Analytics at GuruFocus
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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.

WAR:PLW PlayWay SA WAR:PLW
89 GF Score
Price zł250.00
GF Value zł313.20
Valuation Modestly Undervalued
! 8 Warning Signs
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What is PlayWay Debt-to-Equity?

PlayWay WAR:PLW +2.46% 89 Debt-to-Equity is 0.02 as of Mar. 2026, which is 100% above its 10-year median of 0.01. GuruFocus rates WAR:PLW with a GF Score™ of 89/100 and a GF Value™ of zł313.20 (Modestly Undervalued). The stock has 8 warning signs investors should review. Among 411 Interactive Media companies, PlayWay ranks better than 85.4% on this metric.

PlayWay's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was zł2.0 Mil. PlayWay's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was zł5.0 Mil. PlayWay's Total Stockholders Equity for the quarter that ended in Mar. 2026 was zł389.1 Mil. PlayWay's debt to equity for the quarter that ended in Mar. 2026 was 0.02.

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 PlayWay's Debt-to-Equity or its related term are showing as below:

WAR:PLW' s Debt-to-Equity Range Over the Past 10 Years
Min: 0   Med: 0.01   Max: 0.04
Current: 0.02

During the past 11 years, the highest Debt-to-Equity Ratio of PlayWay was 0.04. The lowest was 0.00. And the median was 0.01.

WAR:PLW's Debt-to-Equity is ranked better than
85.4% of 411 companies
in the Interactive Media industry
Industry Median: 0.13 vs WAR:PLW: 0.02

PlayWay  (WAR:PLW) Debt-to-Equity Explanation

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


Be Aware

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.


PlayWay Debt-to-Equity Related Terms


PlayWay Debt-to-Equity Historical Data

* Premium members only.

The historical data trend for PlayWay's Debt-to-Equity 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.

PlayWay Debt-to-Equity Chart

PlayWay Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.01 0.01 0.00 0.01

PlayWay Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Debt-to-Equity 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 0.00 0.01 0.01 0.01 0.02

WAR:PLW vs NTES, EA, TTWO: Debt-to-Equity Comparison

For the Electronic Gaming & Multimedia subindustry, PlayWay'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.


PlayWay Debt-to-Equity vs Interactive Media Industry

For the Interactive Media industry and Communication Services sector, PlayWay's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where PlayWay's Debt-to-Equity falls into.


WAR:PLW
89GF Score
PlayWay SA WAR:PLW
Debt-to-Equity is just one metric. See GF Score™, valuation, warning signs, and more.
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PlayWay Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

PlayWay's Debt to Equity Ratio for the fiscal year that ended in Dec. 2025 is calculated as

PlayWay's Debt to Equity Ratio for the quarter that ended in Mar. 2026 is calculated as

* 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.

Frequently Asked Questions Learn more about Debt-to-Equity →
What does a Debt-to-Equity of 0.02 mean?
PlayWay (WAR:PLW) has a Debt-to-Equity of 0.02 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on PlayWay and its competitors. This is 100% above median its historical median of 0.01. According to the industry distribution chart, PlayWay ranks #60 out of 411 companies in the Interactive Media industry, placing it in the top 14.6%.
Is PlayWay's Debt-to-Equity too high?
PlayWay's current Debt-to-Equity of 0.02 is 100% above median its 10-year median of 0.01. The Interactive Media industry median Debt-to-Equity is 0.13. PlayWay's value of 0.02 is 84.6% below this industry median. Based on the distribution chart, PlayWay ranks #60 out of 411 companies in the Interactive Media industry, which is in the top quartile — a strong position relative to peers. Overall, PlayWay has a GF Score™ of 89/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does PlayWay's Debt-to-Equity compare to NTES and EA?
According to the Interactive Media industry distribution chart, PlayWay ranks #60 out of 411 companies for Debt-to-Equity. This places PlayWay in the top 15% of its industry — outperforming the majority of peers. The industry median Debt-to-Equity is 0.13. PlayWay's value of 0.02 is 84.6% below this benchmark. While the company's 10-year median is 0.01 vs. the industry median of 0.13, PlayWay 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-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. PlayWay's current Debt-to-Equity of 0.02 is 84.6% 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-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 PlayWay 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. PlayWay's current Debt-to-Equity is 0.02, which is 100% above median its own 10-year median of 0.01. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PlayWay stock overvalued right now?
Based on GuruFocus' analysis, PlayWay (WAR:PLW) is currently considered Modestly Undervalued. The stock's GF Value™ is zł313.20, compared to a current price of zł250.00 — trading 20.2% below its estimated fair value. The current Debt-to-Equity is 0.02, which is 100% above median its 10-year median of 0.01 and 84.6% below the Interactive Media industry median of 0.13. PlayWay's overall GF Score™ is 89/100 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-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For PlayWay (WAR:PLW), the current Debt-to-Equity is 0.02 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 PlayWay (WAR:PLW) Overvalued in 2026?

Based on GuruFocus' analysis, PlayWay stock appears to be undervalued. The current stock price of zł250.00 is trading 20.2% below its estimated GF Value™ of zł313.20. GuruFocus considers PlayWay to be Modestly Undervalued.

Key valuation signals for WAR:PLW:

  • Debt-to-Equity: 0.02 (100% above median its 10-year median of 0.01)
  • GF Value™: zł313.20 vs. price of zł250.00 (20.2% below fair value)
  • GF Score™: 89/100 with 8 warning signs
  • Industry Position: 84.6% below the Interactive Media median (#60 of 411)

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


PlayWay Business Description

Other Exchanges 6P5:Germany
Address ul. Minsk, 69, Warsaw, POL, 03-828
PlayWay SA is a producer and publisher of computer and mobile games in Poland. The company provides with various games including Out of Reach: Treasure Royale, Car Manufacture, Schizm 3: Nemezis And Split among others.
89GF Score

Get the complete analysis for WAR:PLW

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

zł250.00
Price
zł313.20
GF Value