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.
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.
Winking StudiosFRA:G4D -3.33%44 EV-to-EBITDA is 55.47 as of Aug. 22, 2026, which is 380% above its 10-year median of 11.56. GuruFocus rates FRA:G4D with a GF Score™ of 44/100 and a GF Value™ of €0.16. The stock has 3 warning signs investors should review. Among 377 Interactive Media companies, Winking Studios ranks worse than 93.1% on this metric.
EV-to-EBITDA is calculated as enterprise value divided by its EBITDA. As of today, Winking Studios's enterprise value is €45.04 Mil.
Winking Studios's EBITDA for the trailing twelve months (TTM) ended in Jun. 2026 was €0.81 Mil. Therefore, Winking Studios's EV-to-EBITDA for today is 55.47.
The historical rank and industry rank for Winking Studios's EV-to-EBITDA or its related term are showing as below:
FRA:G4D'
s EV-to-EBITDA Range Over the Past 10 Years
Min: 6.99 Med: 11.56 Max: 54.13
Current: 54.13
During the past 6 years, the highest EV-to-EBITDA of Winking Studios was 54.13. The lowest was 6.99. And the median was 11.56.
FRA:G4D's EV-to-EBITDA is ranked worse than 93.1% of 377
companies
in the Interactive Media industry
Industry Median: 6.93
vs FRA:G4D: 54.13
EV-to-EBITDA is a valuation multiple used in finance and investment to measure the value of a company. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio to determine the fair market value of a company.
EV-to-EBITDA is a valuation multiple used in finance and investment to measure the value of a company. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
Winking Studios's PE Ratio (TTM) for today is calculated as:
Winking Studios's share price for today is €0.116.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Winking Studios's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2026 was €-0.006.
* 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.
Study has found that the companies with the lowest EV-to-EBITDA outperforms companies measured as cheap by other ratios such as PE Ratio (TTM).
The historical data trend for Winking Studios's EV-to-EBITDA 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.
FRA:G4D vs NTES, EA, TTWO: EV-to-EBITDA Comparison
For the Electronic Gaming & Multimedia subindustry, Winking Studios's EV-to-EBITDA, along with its competitors' market caps and EV-to-EBITDA 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.
Winking Studios EV-to-EBITDA vs Interactive Media Industry
For the Interactive Media industry and Communication Services sector, Winking Studios's EV-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Winking Studios's EV-to-EBITDA falls into.
Winking Studios's current Enterprise Value is €45.04 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Winking Studios's EBITDA for the trailing twelve months (TTM) ended in Jun. 2026 was €0.81 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.
Winking Studios (FRA:G4D) has a EV-to-EBITDA of 55.47 as of Aug. 22, 2026. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on Winking Studios. This is 380% above median its historical median of 11.56. Over the past decade, Winking Studios' EV-to-EBITDA has ranged from 6.99 to 54.13. According to the industry distribution chart, Winking Studios ranks #351 out of 377 companies in the Interactive Media industry, placing it in the top 93.1%.
Is Winking Studios' EV-to-EBITDA too high?
Winking Studios' current EV-to-EBITDA of 55.47 is 380% above median its 10-year median of 11.56. Over the past 10 years, this metric has ranged from a low of 6.99 to a high of 54.13. The Interactive Media industry median EV-to-EBITDA is 6.93. Winking Studios' value of 55.47 is 700.4% above this industry median. Based on the distribution chart, Winking Studios ranks #351 out of 377 companies in the Interactive Media industry, which is in the bottom quartile relative to peers. Overall, Winking Studios has a GF Score™ of 44/100, reflecting its overall financial health beyond just this single metric.
How does Winking Studios' EV-to-EBITDA compare to NTES and EA?
According to the Interactive Media industry distribution chart, Winking Studios ranks #351 out of 377 companies for EV-to-EBITDA. This places Winking Studios in the lower half of its industry. The industry median EV-to-EBITDA is 6.93. Winking Studios' value of 55.47 is 700.4% above this benchmark. Historically, Winking Studios' own EV-to-EBITDA has ranged from 6.99 to 54.13 over the past decade. While the company's 10-year median is 11.56 vs. the industry median of 6.93, Winking Studios 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-EBITDA for an Interactive Media company?
The median EV-to-EBITDA among Interactive Media companies is 6.93, based on 377 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-EBITDA significantly above this median, while those in the bottom quartile fall well below. However, EV-to-EBITDA should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Winking Studios's current EV-to-EBITDA of 55.47 is 700.4% 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-EBITDA mean?
A high EV-to-EBITDA can signal that a stock is expensive relative to its fundamentals. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on Winking Studios. For the Interactive Media industry, the median EV-to-EBITDA is 6.93 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Winking Studios's current EV-to-EBITDA is 55.47, which is 380% above median its own 10-year median of 11.56. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Winking Studios stock overvalued right now?
Winking Studios (FRA:G4D) has a current EV-to-EBITDA of 55.47. The stock's GF Value™ is €0.16, compared to a current price of €0.12 — trading 27.5% below its estimated fair value. The current EV-to-EBITDA is 55.47, which is 380% above median its 10-year median of 11.56 and 700.4% above the Interactive Media industry median of 6.93. Winking Studios' overall GF Score™ is 44/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-EBITDA calculated?
EV-to-EBITDA is calculated from a company's financial statements. For Winking Studios (FRA:G4D), the current EV-to-EBITDA is 55.47 as of Aug. 22, 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 Winking Studios (FRA:G4D) Overvalued in 2026?
Based on GuruFocus' analysis, Winking Studios stock appears to be undervalued.
The current stock price of €0.12 is trading 27.5% below its estimated GF Value™ of €0.16.
Key valuation signals for FRA:G4D:
EV-to-EBITDA: 55.47 (380% above median its 10-year median of 11.56)
GF Value™: €0.16 vs. price of €0.12 (27.5% below fair value)
Industry Position: 700.4% above the Interactive Media median (#351 of 377)
No single metric tells the full story. See the FRA:G4D stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Winking Studios Ltd is an art outsourcing and game development studio providing complete end-to-end art outsourcing and game development services across various platforms. The three primary business segments of the company are the Original Equipment Manufacturer (Art Outsourcing Segment), Original Design Manufacturer (Game Development Segment), and Global Publishing and Others. The company derives maximum revenue from the Art Outsourcing Segment, which creates and develops digital art assets as part of its provision of art outsourcing services. The Group can provide a wide gamut of design services that include 2D concept art, 3D modeling, 2D animation, 3D animation, and visual effects. This art includes environment design and game character design.
44GF Score
Get the complete analysis for FRA:G4D
EV-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
FRA:G4D has been successfully added to your 
