Varsav Game Studios (WAR:VAR) EBIT: zł1.30 Mil (TTM As of Mar. 2026)


WAR:VAR Varsav Game Studios SA WAR:VAR
53 GF Score
Price zł0.44
GF Value zł0.69
Valuation Possible Value Trap
! 5 Warning Signs
View Full Analysis

What is Varsav Game Studios EBIT?

Varsav Game Studios WAR:VAR 53 EBIT is zł1.30 Mil as of Mar. 2026. GuruFocus rates WAR:VAR with a GF Score™ of 53/100 and a GF Value™ of zł0.69 (Possible Value Trap). The stock has 5 warning signs investors should review.

Varsav Game Studios's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was zł0.17 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was zł1.30 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Varsav Game Studios's annualized ROC % for the quarter that ended in Mar. 2026 was 4.94%. Varsav Game Studios's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 8.16%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Varsav Game Studios's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 10.18%.


Varsav Game Studios  (WAR:VAR) EBIT Explanation

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

Varsav Game Studios'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 )
=0.876 * ( 1 - 0% )/( (17.024 + 18.447)/ 2 )
=0.876/17.7355
=4.94 %

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:

Varsav Game Studios'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 )
=0.696/( ( (0.307 + max(6.973, 0)) + (0.289 + max(9.489, 0)) )/ 2 )
=0.696/( ( 7.28 + 9.778 )/ 2 )
=0.696/8.529
=8.16 %

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)
=(1.172 + 8.018 + 0.023) - (0.706 + 0 + 1.534)
=6.973

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.627 + 8.887 + 0.015999999999998) - (0.02 + 0 + 0.021)
=9.489

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:

Varsav Game Studios's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=1.299/12.763
=10.18 %

* 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.


Varsav Game Studios EBIT Related Terms


Varsav Game Studios EBIT Historical Data

* Premium members only.

The historical data trend for Varsav Game Studios'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.

Varsav Game Studios EBIT Chart

Varsav Game Studios 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 -1.25 -2.70 -4.65 1.24 -1.79

Varsav Game Studios 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 -0.50 0.46 0.05 0.61 0.17

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

For the Electronic Gaming & Multimedia subindustry, Varsav Game Studios'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.


Varsav Game Studios EV-to-EBIT vs Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Varsav Game Studios's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Varsav Game Studios's EV-to-EBIT falls into.


WAR:VAR
53GF Score
Varsav Game Studios SA WAR:VAR
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Varsav Game Studios 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 zł1.30 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 zł1.30 Mil mean?
Varsav Game Studios (WAR:VAR) has a EBIT of zł1.30 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Varsav Game Studios.
Is Varsav Game Studios' EBIT too high?
Varsav Game Studios' current EBIT is zł1.30 Mil. Overall, Varsav Game Studios has a GF Score™ of 53/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Varsav Game Studios' EBIT compare to NTES and EA?
Varsav Game Studios' EBIT of zł1.30 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 Varsav Game Studios. Varsav Game Studios's current EBIT is zł1.30 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Varsav Game Studios stock overvalued right now?
Based on GuruFocus' analysis, Varsav Game Studios (WAR:VAR) is currently considered Possible Value Trap. The stock's GF Value™ is zł0.69, compared to a current price of zł0.44 — trading 36.2% below its estimated fair value. The current EBIT is zł1.30 Mil. Varsav Game Studios' overall GF Score™ is 53/100 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 Varsav Game Studios (WAR:VAR), the current EBIT is zł1.30 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 Varsav Game Studios (WAR:VAR) Overvalued in 2026?

Based on GuruFocus' analysis, Varsav Game Studios stock appears to be undervalued. The current stock price of zł0.44 is trading 36.2% below its estimated GF Value™ of zł0.69. GuruFocus considers Varsav Game Studios to be Possible Value Trap.

Key valuation signals for WAR:VAR:

  • EBIT: zł1.30 Mil
  • GF Value™: zł0.69 vs. price of zł0.44 (36.2% below fair value)
  • GF Score™: 53/100 with 5 warning signs

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


Varsav Game Studios Business Description

Address Aleje Jerozolimskie 123A, Warsaw, POL, 02-017
Varsav Game Studios SA is a Poland-based company. It is mainly engaged in the production of PC and mobile games and applications. The company offers various services to the gaming industry, including portfolio building and providing technological and financial support. Games developed by the company include Bee Simulator, AR Kicker, Crowd Dragons, Metamorphosis, and Interkosmos.
53GF Score

Get the complete analysis for WAR:VAR

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

zł0.44
Price
zł0.69
GF Value