Ten Square Games (WAR:TEN) EBIT: zł74.4 Mil (TTM As of Mar. 2026)


WAR:TEN Ten Square Games SA WAR:TEN
84 GF Score
Price zł95.60
GF Value zł85.62
Valuation Modestly Overvalued
! 5 Warning Signs
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What is Ten Square Games EBIT?

Ten Square Games WAR:TEN +1.76% 84 EBIT is zł74.4 Mil as of Mar. 2026. GuruFocus rates WAR:TEN with a GF Score™ of 84/100 and a GF Value™ of zł85.62 (Modestly Overvalued). The stock has 5 warning signs investors should review.

Ten Square Games's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was zł16.0 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was zł74.4 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Ten Square Games's annualized ROC % for the quarter that ended in Mar. 2026 was 17.09%. Ten Square Games's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 676.14%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Ten Square Games's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 16.15%.


Ten Square Games  (WAR:TEN) EBIT Explanation

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

Ten Square Games'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 )
=59.8 * ( 1 - 14.31% )/( (299.556 + 300.064)/ 2 )
=51.24262/299.81
=17.09 %

where

Invested Capital(Q: Dec. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=373.043 - 40.282 - ( 120.326 - max(0, 145.585 - 178.79+120.326))
=299.556

Invested Capital(Q: Mar. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=391.728 - 42.618 - ( 137.209 - max(0, 147.308 - 196.354+137.209))
=300.064

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

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

Ten Square Games'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 )
=63.912/( ( (9.848 + max(-109.25, 0)) + (9.057 + max(-109.217, 0)) )/ 2 )
=63.912/( ( 9.848 + 9.057 )/ 2 )
=63.912/9.4525
=676.14 %

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)
=(33.479 + 0 + 0.35499999999999) - (40.282 + 0 + 102.802)
=-109.25

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(35.274 + 0 + 0) - (42.618 + 0 + 101.873)
=-109.217

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:

Ten Square Games's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=74.35/460.297
=16.15 %

* 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.


Ten Square Games EBIT Related Terms


Ten Square Games EBIT Historical Data

* Premium members only.

The historical data trend for Ten Square Games'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.

Ten Square Games EBIT Chart

Ten Square Games Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EBIT
Get a 7-Day Free Trial Premium Member Only 164.64 69.02 23.22 77.18 87.19

Ten Square Games 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 30.67 22.83 21.90 13.65 15.98

WAR:TEN vs NTES, EA, TTWO: EBIT Comparison

For the Electronic Gaming & Multimedia subindustry, Ten Square Games'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.


Ten Square Games EV-to-EBIT vs Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Ten Square Games's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Ten Square Games's EV-to-EBIT falls into.


WAR:TEN
84GF Score
Ten Square Games SA WAR:TEN
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Ten Square Games 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 zł74.4 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 zł74.4 Mil mean?
Ten Square Games (WAR:TEN) has a EBIT of zł74.4 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Ten Square Games.
Is Ten Square Games' EBIT too high?
Ten Square Games' current EBIT is zł74.4 Mil. Overall, Ten Square Games has a GF Score™ of 84/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ten Square Games' EBIT compare to NTES and EA?
Ten Square Games' EBIT of zł74.4 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 Ten Square Games. Ten Square Games's current EBIT is zł74.4 Mil. 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 zł85.62, compared to a current price of zł95.60 — trading 11.7% above its estimated fair value. The current EBIT is zł74.4 Mil. Ten Square Games' overall GF Score™ is 84/100 with 5 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 Ten Square Games (WAR:TEN), the current EBIT is zł74.4 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 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 zł95.60 is trading 11.7% above its estimated GF Value™ of zł85.62. GuruFocus considers Ten Square Games to be Modestly Overvalued.

Key valuation signals for WAR:TEN:

  • EBIT: zł74.4 Mil
  • GF Value™: zł85.62 vs. price of zł95.60 (11.7% above fair value)
  • GF Score™: 84/100 with 5 warning signs

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 Business Description

Other Exchanges 1HQ:Germany
Address Traugutta 45 Street, Wroclaw, POL, 50-416
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.
84GF Score

Get the complete analysis for WAR:TEN

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

zł95.60
Price
zł85.62
GF Value