Ten Square Games (WAR:TEN) EV-to-EBIT: 8.65 (As of Aug. 26, 2026) — 38% Below Median

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WAR:TEN Ten Square Games SA WAR:TEN
86 GF Score
Price zł105.50
GF Value zł89.59
Valuation Modestly Overvalued
! 6 Warning Signs
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What is Ten Square Games EV-to-EBIT?

Ten Square Games WAR:TEN +3.84% 86 EV-to-EBIT is 8.65 as of Aug. 26, 2026, which is 38% below its 10-year median of 13.97. GuruFocus rates WAR:TEN with a GF Score™ of 86/100 and a GF Value™ of zł89.59 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 336 Interactive Media companies, Ten Square Games ranks better than 53.87% on this metric.

EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, Ten Square Games's Enterprise Value is zł590.6 Mil. Ten Square Games's EBIT for the trailing twelve months (TTM) ended in Jun. 2026 was zł68.3 Mil. Therefore, Ten Square Games's EV-to-EBIT for today is 8.65.

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

WAR:TEN' s EV-to-EBIT Range Over the Past 10 Years
Min: 3.91   Med: 13.97   Max: 38.91
Current: 7.74

During the past 9 years, the highest EV-to-EBIT of Ten Square Games was 38.91. The lowest was 3.91. And the median was 13.97.

WAR:TEN's EV-to-EBIT is ranked better than
53.87% of 336 companies
in the Interactive Media industry
Industry Median: 8.35 vs WAR:TEN: 7.74

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt) %. Ten Square Games's Enterprise Value for the quarter that ended in Jun. 2026 was zł515.7 Mil. Ten Square Games's EBIT for the trailing twelve months (TTM) ended in Jun. 2026 was zł68.3 Mil. Ten Square Games's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was 13.24%.


Ten Square Games  (WAR:TEN) 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) %.

Ten Square Games's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2026 is calculated as:

Earnings Yield (Joel Greenblatt) % (Q: Jun. 2026 ) =EBIT / Enterprise Value (Q: Jun. 2026 )
=68.266/515.735
=13.24 %

Ten Square Games's Enterprise Value for the quarter that ended in Jun. 2026 was zł515.7 Mil.
Ten Square Games's EBIT for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was zł68.3 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.


Ten Square Games EV-to-EBIT Related Terms


Ten Square Games EV-to-EBIT Historical Data

* Premium members only.

The historical data trend for Ten Square Games'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.

Ten Square Games EV-to-EBIT Chart

Ten Square Games Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EV-to-EBIT
Get a 7-Day Free Trial Premium Member Only 13.14 10.88 22.00 3.87 4.95

Ten Square Games Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 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 5.26 4.50 4.95 6.19 0.00

WAR:TEN vs NTES, EA, TTWO: EV-to-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
86GF Score
Ten Square Games SA WAR:TEN
EV-to-EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Ten Square Games EV-to-EBIT Calculation

Ten Square Games's EV-to-EBIT for today is calculated as:

EV-to-EBIT=Enterprise Value (Today)/EBIT (TTM)
=590.599/68.266
=8.65

Ten Square Games's current Enterprise Value is zł590.6 Mil.
Ten Square Games's EBIT for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was zł68.3 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 8.65 mean?
Ten Square Games (WAR:TEN) has a EV-to-EBIT of 8.65 as of Aug. 26, 2026. EV to EBIT ratio is the inverse of Joel Greenblatt's earnings yield definition. View historical data on Ten Square Games and its competitors. This is 38% below median its historical median of 13.97. Over the past decade, Ten Square Games' EV-to-EBIT has ranged from 3.91 to 38.91. According to the industry distribution chart, Ten Square Games ranks #155 out of 336 companies in the Interactive Media industry, placing it in the top 46.1%.
Is Ten Square Games' EV-to-EBIT too high?
Ten Square Games' current EV-to-EBIT of 8.65 is 38% below median its 10-year median of 13.97. Over the past 10 years, this metric has ranged from a low of 3.91 to a high of 38.91. The Interactive Media industry median EV-to-EBIT is 8.35. Ten Square Games' value of 8.65 is 3.6% above this industry median. Based on the distribution chart, Ten Square Games ranks #155 out of 336 companies in the Interactive Media industry, which is above the industry midpoint. Overall, Ten Square Games has a GF Score™ of 86/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ten Square Games' EV-to-EBIT compare to NTES and EA?
According to the Interactive Media industry distribution chart, Ten Square Games ranks #155 out of 336 companies for EV-to-EBIT. This puts Ten Square Games in the upper half of its industry. The industry median EV-to-EBIT is 8.35. Ten Square Games' value of 8.65 is 3.6% above this benchmark. Historically, Ten Square Games' own EV-to-EBIT has ranged from 3.91 to 38.91 over the past decade. While the company's 10-year median is 13.97 vs. the industry median of 8.35, Ten Square Games has consistently been above 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 an Interactive Media company?
The median EV-to-EBIT among Interactive Media companies is 8.35, based on 336 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. Ten Square Games's current EV-to-EBIT of 8.65 is 3.6% above 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 Ten Square Games and its competitors. For the Interactive Media industry, the median EV-to-EBIT is 8.35 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ten Square Games's current EV-to-EBIT is 8.65, which is 38% below median its own 10-year median of 13.97. 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 zł89.59, compared to a current price of zł105.50 — trading 17.8% above its estimated fair value. The current EV-to-EBIT is 8.65, which is 38% below median its 10-year median of 13.97 and 3.6% above the Interactive Media industry median of 8.35. Ten Square Games' overall GF Score™ is 86/100 with 6 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 Ten Square Games (WAR:TEN), the current EV-to-EBIT is 8.65 as of Aug. 26, 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 zł105.50 is trading 17.8% above its estimated GF Value™ of zł89.59. GuruFocus considers Ten Square Games to be Modestly Overvalued.

Key valuation signals for WAR:TEN:

  • EV-to-EBIT: 8.65 (38% below median its 10-year median of 13.97)
  • GF Value™: zł89.59 vs. price of zł105.50 (17.8% above fair value)
  • GF Score™: 86/100 with 6 warning signs
  • Industry Position: 3.6% above the Interactive Media median (#155 of 336)

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.
86GF Score

Get the complete analysis for WAR:TEN

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

zł105.50
Price
zł89.59
GF Value