Forgame Holdings (FRA:FH0) EV-to-EBIT: 5.03 (As of Sep. 09, 2026) — 41% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
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.

FRA:FH0 Forgame Holdings Ltd FRA:FH0
57 GF Score
Price €0.07
GF Value €0.13
! 4 Warning Signs
View Full Analysis

What is Forgame Holdings EV-to-EBIT?

Forgame Holdings FRA:FH0 -1.35% 57 EV-to-EBIT is 5.03 as of Sep. 09, 2026, which is 41% above its 10-year median of 3.57. GuruFocus rates FRA:FH0 with a GF Score™ of 57/100 and a GF Value™ of €0.13. The stock has 4 warning signs investors should review. Among 1,777 Hardware companies, Forgame Holdings ranks better than 87.28% on this metric.

EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, Forgame Holdings's Enterprise Value is €-26.62 Mil. Forgame Holdings's EBIT for the trailing twelve months (TTM) ended in Dec. 2025 was €-5.29 Mil. Therefore, Forgame Holdings's EV-to-EBIT for today is 5.03.

The historical rank and industry rank for Forgame Holdings's EV-to-EBIT or its related term are showing as below:

FRA:FH0' s EV-to-EBIT Range Over the Past 10 Years
Min: -432.98   Med: 3.57   Max: 207.28
Current: 5.05

During the past 13 years, the highest EV-to-EBIT of Forgame Holdings was 207.28. The lowest was -432.98. And the median was 3.57.

FRA:FH0's EV-to-EBIT is ranked better than
87.28% of 1777 companies
in the Hardware industry
Industry Median: 18.51 vs FRA:FH0: 5.05

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt) %. Forgame Holdings's Enterprise Value for the quarter that ended in Dec. 2025 was €-22.97 Mil. Forgame Holdings's EBIT for the trailing twelve months (TTM) ended in Dec. 2025 was €-5.29 Mil. Forgame Holdings's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 23.02%.


Forgame Holdings  (FRA:FH0) EV-to-EBIT Explanation

This is a more accurate valuation of companies' operation because it considers the debt and cash on its balance sheet, and non-operating items such as interest payment, tax, and one-time items are not included in the Operating Income.

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt) %.

Forgame Holdings's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2025 is calculated as:

Earnings Yield (Joel Greenblatt) % (Q: Dec. 2025 ) =EBIT / Enterprise Value (Q: Dec. 2025 )
=-5.288/-22.971675
=23.02 %

Forgame Holdings's Enterprise Value for the quarter that ended in Dec. 2025 was €-22.97 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Forgame Holdings's EBIT for the trailing twelve months (TTM) ended in Dec. 2025 was €-5.29 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.


Forgame Holdings EV-to-EBIT Related Terms


Forgame Holdings EV-to-EBIT Historical Data

* Premium members only.

The historical data trend for Forgame Holdings's EV-to-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.

Forgame Holdings EV-to-EBIT Chart

Forgame Holdings Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EV-to-EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only -6.71 11.22 13.20 3.35 4.01

Forgame Holdings Semi-Annual Data
Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25 Jun26
EV-to-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 0.00 3.35 0.00 4.01 0.00

FRA:FH0 vs SNX, ARW, AVT: EV-to-EBIT Comparison

For the Electronics & Computer Distribution subindustry, Forgame Holdings'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.


Forgame Holdings EV-to-EBIT vs Hardware Industry

For the Hardware industry and Technology sector, Forgame Holdings's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Forgame Holdings's EV-to-EBIT falls into.


FRA:FH0
57GF Score
Forgame Holdings Ltd FRA:FH0
EV-to-EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Forgame Holdings EV-to-EBIT Calculation

Forgame Holdings's EV-to-EBIT for today is calculated as:

EV-to-EBIT=Enterprise Value (Today)/EBIT (TTM)
=-26.620/-5.288
=5.03

Forgame Holdings's current Enterprise Value is €-26.62 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Forgame Holdings's EBIT for the trailing twelve months (TTM) ended in Dec. 2025 was €-5.29 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 EV-to-EBIT →
What does a EV-to-EBIT of 5.03 mean?
Forgame Holdings (FRA:FH0) has a EV-to-EBIT of 5.03 as of Sep. 09, 2026. EV to EBIT ratio is the inverse of Joel Greenblatt's earnings yield definition. View historical data on Forgame Holdings and its competitors. This is 41% above median its historical median of 3.57. According to the industry distribution chart, Forgame Holdings ranks #226 out of 1777 companies in the Hardware industry, placing it in the top 12.7%.
Is Forgame Holdings' EV-to-EBIT too high?
Forgame Holdings' current EV-to-EBIT of 5.03 is 41% above median its 10-year median of 3.57. The Hardware industry median EV-to-EBIT is 18.51. Forgame Holdings' value of 5.03 is 72.8% below this industry median. Based on the distribution chart, Forgame Holdings ranks #226 out of 1777 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, Forgame Holdings has a GF Score™ of 57/100, reflecting its overall financial health beyond just this single metric.
How does Forgame Holdings' EV-to-EBIT compare to SNX and ARW?
According to the Hardware industry distribution chart, Forgame Holdings ranks #226 out of 1777 companies for EV-to-EBIT. This places Forgame Holdings in the top 13% of its industry — outperforming the majority of peers. The industry median EV-to-EBIT is 18.51. Forgame Holdings' value of 5.03 is 72.8% below this benchmark. While the company's 10-year median is 3.57 vs. the industry median of 18.51, Forgame Holdings 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 EV-to-EBIT for a Hardware company?
The median EV-to-EBIT among Hardware companies is 18.51, based on 1,777 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-EBIT significantly above this median, while those in the bottom quartile fall well below. However, EV-to-EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Forgame Holdings's current EV-to-EBIT of 5.03 is 72.8% 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 EV-to-EBIT mean?
A high EV-to-EBIT can signal that a stock is expensive relative to its fundamentals. EV to EBIT ratio is the inverse of Joel Greenblatt's earnings yield definition. View historical data on Forgame Holdings and its competitors. For the Hardware industry, the median EV-to-EBIT is 18.51 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Forgame Holdings's current EV-to-EBIT is 5.03, which is 41% above median its own 10-year median of 3.57. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Forgame Holdings stock overvalued right now?
Forgame Holdings (FRA:FH0) has a current EV-to-EBIT of 5.03. The stock's GF Value™ is €0.13, compared to a current price of €0.07 — trading 43.8% below its estimated fair value. The current EV-to-EBIT is 5.03, which is 41% above median its 10-year median of 3.57 and 72.8% below the Hardware industry median of 18.51. Forgame Holdings' overall GF Score™ is 57/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-EBIT calculated?
EV-to-EBIT is calculated from a company's financial statements. For Forgame Holdings (FRA:FH0), the current EV-to-EBIT is 5.03 as of Sep. 09, 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 Forgame Holdings (FRA:FH0) Overvalued in 2026?

Based on GuruFocus' analysis, Forgame Holdings stock appears to be undervalued. The current stock price of €0.07 is trading 43.8% below its estimated GF Value™ of €0.13.

Key valuation signals for FRA:FH0:

  • EV-to-EBIT: 5.03 (41% above median its 10-year median of 3.57)
  • GF Value™: €0.13 vs. price of €0.07 (43.8% below fair value)
  • GF Score™: 57/100 with 4 warning signs
  • Industry Position: 72.8% below the Hardware median (#226 of 1777)

No single metric tells the full story. See the FRA:FH0 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Forgame Holdings Business Description

Other Exchanges 00484:Hong Kong
Address Block A Phase I, Room 1106, Innovation Technology Plaza, Tianan Digital City, Futian District, Chegongmiao, Shenzhen, CHN
Forgame Holdings Ltd is an investment holding company. Along with its subsidiaries, it is engaged in developing and publishing domestic and overseas web games and mobile games, and trading of electronic devices and semiconductors in the People's Republic of China (PRC). The Group's operating segments are: Game business, and Electronic device and semiconductor business. The majority of its revenue is derived from the Electronic Device and Semiconductor Business, which is engaged in trading storage solutions and semiconductor components for enterprise-level products, providing various products from components to systems. Geographically, the Group generates maximum revenue from PRC (excluding Hong Kong), and the rest from other regions.
57GF Score

Get the complete analysis for FRA:FH0

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

€0.07
Price
€0.13
GF Value