Ultimate Games (WAR:ULG) EV-to-EBIT: 8.72 (As of Sep. 16, 2026) — 11% Below Median

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WAR:ULG Ultimate Games SA WAR:ULG
91 GF Score
Price zł12.95
GF Value zł16.93
Valuation Modestly Undervalued
! 1 Warning Sign
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What is Ultimate Games EV-to-EBIT?

Ultimate Games WAR:ULG -1.89% 91 EV-to-EBIT is 8.72 as of Sep. 16, 2026, which is 11% below its 10-year median of 9.76. GuruFocus rates WAR:ULG with a GF Score™ of 91/100 and a GF Value™ of zł16.93 (Modestly Undervalued). The stock has 1 warning sign investors should review. Among 330 Interactive Media companies, Ultimate Games ranks worse than 53.33% on this metric.

EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, Ultimate Games's Enterprise Value is zł62.91 Mil. Ultimate Games's EBIT for the trailing twelve months (TTM) ended in Sep. 2025 was zł7.22 Mil. Therefore, Ultimate Games's EV-to-EBIT for today is 8.72.

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

WAR:ULG' s EV-to-EBIT Range Over the Past 10 Years
Min: -12.36   Med: 9.76   Max: 38.98
Current: 8.72

During the past 6 years, the highest EV-to-EBIT of Ultimate Games was 38.98. The lowest was -12.36. And the median was 9.76.

WAR:ULG's EV-to-EBIT is ranked worse than
53.33% of 330 companies
in the Interactive Media industry
Industry Median: 8.235 vs WAR:ULG: 8.72

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt) %. Ultimate Games's Enterprise Value for the quarter that ended in Sep. 2025 was zł54.54 Mil. Ultimate Games's EBIT for the trailing twelve months (TTM) ended in Sep. 2025 was zł7.22 Mil. Ultimate Games's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2025 was 13.23%.


Ultimate Games  (WAR:ULG) 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) %.

Ultimate Games's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2025 is calculated as:

Earnings Yield (Joel Greenblatt) % (Q: Sep. 2025 ) =EBIT / Enterprise Value (Q: Sep. 2025 )
=7.216/54.5385
=13.23 %

Ultimate Games's Enterprise Value for the quarter that ended in Sep. 2025 was zł54.54 Mil.
Ultimate Games's EBIT for the trailing twelve months (TTM) ended in Sep. 2025 adds up the quarterly data reported by the company within the most recent 12 months, which was zł7.22 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.


Ultimate Games EV-to-EBIT Related Terms


Ultimate Games EV-to-EBIT Historical Data

* Premium members only.

The historical data trend for Ultimate 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.

Ultimate Games EV-to-EBIT Chart

Ultimate Games Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
EV-to-EBIT
Get a 7-Day Free Trial -7.02 -11.52 10.58 -9.96 11.66

Ultimate Games Quarterly Data
Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25
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 -10.29 10.59 0.00 8.73 6.23

WAR:ULG vs NTES, TTWO, RBLX: EV-to-EBIT Comparison

For the Electronic Gaming & Multimedia subindustry, Ultimate 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.


Ultimate Games EV-to-EBIT vs Interactive Media Industry

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

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


WAR:ULG
91GF Score
Ultimate Games SA WAR:ULG
EV-to-EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Ultimate Games EV-to-EBIT Calculation

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

EV-to-EBIT=Enterprise Value (Today)/EBIT (TTM)
=62.907/7.216
=8.72

Ultimate Games's current Enterprise Value is zł62.91 Mil.
Ultimate Games's EBIT for the trailing twelve months (TTM) ended in Sep. 2025 adds up the quarterly data reported by the company within the most recent 12 months, which was zł7.22 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 8.72 mean?
Ultimate Games (WAR:ULG) has a EV-to-EBIT of 8.72 as of Sep. 16, 2026. EV to EBIT ratio is the inverse of Joel Greenblatt's earnings yield definition. View historical data on Ultimate Games and its competitors. This is 11% below median its historical median of 9.76. According to the industry distribution chart, Ultimate Games ranks #176 out of 330 companies in the Interactive Media industry, placing it in the top 53.3%.
Is Ultimate Games' EV-to-EBIT too high?
Ultimate Games' current EV-to-EBIT of 8.72 is 11% below median its 10-year median of 9.76. The Interactive Media industry median EV-to-EBIT is 8.24. Ultimate Games' value of 8.72 is 5.9% above this industry median. Based on the distribution chart, Ultimate Games ranks #176 out of 330 companies in the Interactive Media industry, which is below the industry midpoint. Overall, Ultimate Games has a GF Score™ of 91/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Ultimate Games' EV-to-EBIT compare to NTES and TTWO?
According to the Interactive Media industry distribution chart, Ultimate Games ranks #176 out of 330 companies for EV-to-EBIT. This places Ultimate Games in the lower half of its industry. The industry median EV-to-EBIT is 8.24. Ultimate Games' value of 8.72 is 5.9% above this benchmark. While the company's 10-year median is 9.76 vs. the industry median of 8.24, Ultimate 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 8.24, based on 330 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. Ultimate Games's current EV-to-EBIT of 8.72 is 5.9% 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 Ultimate Games and its competitors. For the Interactive Media industry, the median EV-to-EBIT is 8.24 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ultimate Games's current EV-to-EBIT is 8.72, which is 11% below median its own 10-year median of 9.76. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ultimate Games stock overvalued right now?
Based on GuruFocus' analysis, Ultimate Games (WAR:ULG) is currently considered Modestly Undervalued. The stock's GF Value™ is zł16.93, compared to a current price of zł12.95 — trading 23.5% below its estimated fair value. The current EV-to-EBIT is 8.72, which is 11% below median its 10-year median of 9.76 and 5.9% above the Interactive Media industry median of 8.24. Ultimate Games' overall GF Score™ is 91/100 with 1 warning sign 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 Ultimate Games (WAR:ULG), the current EV-to-EBIT is 8.72 as of Sep. 16, 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 Ultimate Games (WAR:ULG) Overvalued in 2026?

Based on GuruFocus' analysis, Ultimate Games stock appears to be undervalued. The current stock price of zł12.95 is trading 23.5% below its estimated GF Value™ of zł16.93. GuruFocus considers Ultimate Games to be Modestly Undervalued.

Key valuation signals for WAR:ULG:

  • EV-to-EBIT: 8.72 (11% below median its 10-year median of 9.76)
  • GF Value™: zł16.93 vs. price of zł12.95 (23.5% below fair value)
  • GF Score™: 91/100 with 1 warning sign
  • Industry Position: 5.9% above the Interactive Media median (#176 of 330)

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


Ultimate Games Business Description

Address ul. Marszalkowska 87/102, Warsaw, POL, 00-683
Ultimate Games SA is a Polish company that operates in the video games market. It is engaged in the production and distribution of games for desktops, mobile devices, and consoles. It develops games on fishing, hunting, and hobby including Ultimate fishing simulator, Pro 2018 Fishing, Priest, Bouncy BOB, Darkest hunters, Earthworms, and The Worst Day Ever.
91GF Score

Get the complete analysis for WAR:ULG

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

zł12.95
Price
zł16.93
GF Value