Modern Times Group MTG AB (LTS:0GXJ) EBIT: kr975 Mil (TTM As of Mar. 2026)


LTS:0GXJ Modern Times Group MTG AB LTS:0GXJ
74 GF Score
Price kr122.80
GF Value kr175.43
Valuation Significantly Undervalued
! 3 Warning Signs
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What is Modern Times Group MTG AB EBIT?

Modern Times Group MTG AB LTS:0GXJ +1.32% 74 EBIT is kr975 Mil as of Mar. 2026. GuruFocus rates LTS:0GXJ with a GF Score™ of 74/100 and a GF Value™ of kr175.43 (Significantly Undervalued). The stock has 3 warning signs investors should review.

Modern Times Group MTG AB's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was kr302 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was kr975 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Modern Times Group MTG AB's annualized ROC % for the quarter that ended in Mar. 2026 was 4.85%. Modern Times Group MTG AB's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 330.96%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Modern Times Group MTG AB's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 5.53%.


Modern Times Group MTG AB  (LTS:0GXJ) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Modern Times Group MTG AB's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=1488 * ( 1 - 34.29% )/( (20489 + 19836)/ 2 )
=977.7648/20162.5
=4.85 %

where

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

Modern Times Group MTG AB's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=1208/( ( (368 + max(-2789, 0)) + (362 + max(-2600, 0)) )/ 2 )
=1208/( ( 368 + 362 )/ 2 )
=1208/365
=330.96 %

where Working Capital is:

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(867 + 0 + 174) - (525 + 0 + 3305)
=-2789

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0) - (0 + 0 + 2600)
=-2600

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Modern Times Group MTG AB's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=975/17630.324
=5.53 %

* 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 EBIT Related Terms


Modern Times Group MTG AB EBIT Historical Data

* Premium members only.

The historical data trend for Modern Times Group MTG AB's EBIT 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.

Modern Times Group MTG AB EBIT Chart

Modern Times Group MTG AB Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 129.00 737.00 562.00 185.00 703.00

Modern Times Group MTG AB Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
EBIT 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 300.00 222.00 232.00 219.00 302.00

LTS:0GXJ vs NTES, EA, TTWO: EBIT Comparison

For the Electronic Gaming & Multimedia subindustry, Modern Times Group MTG AB's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT 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 EV-to-EBIT vs Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Modern Times Group MTG AB's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Modern Times Group MTG AB's EV-to-EBIT falls into.


LTS:0GXJ
74GF Score
Modern Times Group MTG AB LTS:0GXJ
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Modern Times Group MTG AB EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was kr975 Mil.

* 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 EBIT →
What does a EBIT of kr975 Mil mean?
Modern Times Group MTG AB (LTS:0GXJ) has a EBIT of kr975 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Modern Times Group MTG AB.
Is Modern Times Group MTG AB's EBIT too high?
Modern Times Group MTG AB's current EBIT is kr975 Mil. Overall, Modern Times Group MTG AB has a GF Score™ of 74/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Modern Times Group MTG AB's EBIT compare to NTES and EA?
Modern Times Group MTG AB's EBIT of kr975 Mil can be compared against companies in the Interactive Media industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EBIT for an Interactive Media company?
A good EBIT depends on the Interactive Media industry context. However, EBIT 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 EBIT mean?
A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Modern Times Group MTG AB. Modern Times Group MTG AB's current EBIT is kr975 Mil. 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 (LTS:0GXJ) is currently considered Significantly Undervalued. The stock's GF Value™ is kr175.43, compared to a current price of kr122.80 — trading 30% below its estimated fair value. The current EBIT is kr975 Mil. Modern Times Group MTG AB'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 EBIT calculated?
EBIT is calculated from a company's financial statements. For Modern Times Group MTG AB (LTS:0GXJ), the current EBIT is kr975 Mil 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 Modern Times Group MTG AB (LTS:0GXJ) Overvalued in 2026?

Based on GuruFocus' analysis, Modern Times Group MTG AB stock appears to be undervalued. The current stock price of kr122.80 is trading 30% below its estimated GF Value™ of kr175.43. GuruFocus considers Modern Times Group MTG AB to be Significantly Undervalued.

Key valuation signals for LTS:0GXJ:

  • EBIT: kr975 Mil
  • GF Value™: kr175.43 vs. price of kr122.80 (30% below fair value)
  • GF Score™: 74/100 with 3 warning signs

No single metric tells the full story. See the LTS:0GXJ stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Modern Times Group MTG AB Business Description

Address Skeppsbron 18, P.O. Box 2094, Stockholm, SWE, SE-103 13
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.
74GF Score

Get the complete analysis for LTS:0GXJ

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

kr122.80
Price
kr175.43
GF Value