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.
Modern Times Group MTG ABFRA:MRTA 71 EV-to-EBITDA is 10.17 as of Jul. 31, 2026, which is 5% above its 10-year median of 9.67. GuruFocus rates FRA:MRTA with a GF Score™ of 71/100 and a GF Value™ of €15.53 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 380 Interactive Media companies, Modern Times Group MTG AB ranks worse than 63.68% on this metric.
EV-to-EBITDA is calculated as enterprise value divided by its EBITDA. As of today, Modern Times Group MTG AB's enterprise value is €1,705 Mil.
Modern Times Group MTG AB's EBITDA for the trailing twelve months (TTM) ended in Jun. 2026 was €168 Mil. Therefore, Modern Times Group MTG AB's EV-to-EBITDA for today is 10.17.
The historical rank and industry rank for Modern Times Group MTG AB's EV-to-EBITDA or its related term are showing as below:
FRA:MRTA'
s EV-to-EBITDA Range Over the Past 10 Years
Min: -246 Med: 9.67 Max: 137.18
Current: 10.33
During the past 13 years, the highest EV-to-EBITDA of Modern Times Group MTG AB was 137.18. The lowest was -246.00. And the median was 9.67.
FRA:MRTA's EV-to-EBITDA is ranked worse than 63.68% of 380
companies
in the Interactive Media industry
Industry Median: 7.605
vs FRA:MRTA: 10.33
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.
Modern Times Group MTG AB (FRA:MRTA) EV-to-EBITDA Explanation
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.
Modern Times Group MTG AB's PE Ratio (TTM) for today is calculated as:
Modern Times Group MTG AB's share price for today is €11.37.
Modern Times Group MTG AB's Earnings per Share (Diluted) 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 €0.131.
* 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).
* 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:MRTA vs NTES, EA, TTWO: EV-to-EBITDA Comparison
For the Electronic Gaming & Multimedia subindustry, Modern Times Group MTG AB'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.
Modern Times Group MTG AB EV-to-EBITDA vs Interactive Media Industry
For the Interactive Media industry and Communication Services sector, Modern Times Group MTG AB's EV-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Modern Times Group MTG AB's EV-to-EBITDA falls into.
Modern Times Group MTG AB's current Enterprise Value is €1,705 Mil.
Modern Times Group MTG AB's EBITDA 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 €168 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.
Modern Times Group MTG AB (FRA:MRTA) has a EV-to-EBITDA of 10.17 as of Jul. 31, 2026. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on Modern Times Group MTG AB. This is near median its historical median of 9.67. According to the industry distribution chart, Modern Times Group MTG AB ranks #242 out of 380 companies in the Interactive Media industry, placing it in the top 63.7%.
Is Modern Times Group MTG AB's EV-to-EBITDA too high?
Modern Times Group MTG AB's current EV-to-EBITDA of 10.17 is near median its 10-year median of 9.67. The Interactive Media industry median EV-to-EBITDA is 7.61. Modern Times Group MTG AB's value of 10.17 is 33.7% above this industry median. Based on the distribution chart, Modern Times Group MTG AB ranks #242 out of 380 companies in the Interactive Media industry, which is below the industry midpoint. Overall, Modern Times Group MTG AB has a GF Score™ of 71/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Modern Times Group MTG AB's EV-to-EBITDA compare to NTES and EA?
According to the Interactive Media industry distribution chart, Modern Times Group MTG AB ranks #242 out of 380 companies for EV-to-EBITDA. This places Modern Times Group MTG AB in the lower half of its industry. The industry median EV-to-EBITDA is 7.61. Modern Times Group MTG AB's value of 10.17 is 33.7% above this benchmark. While the company's 10-year median is 9.67 vs. the industry median of 7.61, Modern Times Group MTG AB 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 7.61, based on 380 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. Modern Times Group MTG AB's current EV-to-EBITDA of 10.17 is 33.7% 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 Modern Times Group MTG AB. For the Interactive Media industry, the median EV-to-EBITDA is 7.61 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Modern Times Group MTG AB's current EV-to-EBITDA is 10.17, which is near median its own 10-year median of 9.67. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Modern Times Group MTG AB stock overvalued right now?
Based on GuruFocus' analysis, Modern Times Group MTG AB (FRA:MRTA) is currently considered Modestly Undervalued. The stock's GF Value™ is €15.53, compared to a current price of €11.37 — trading 26.8% below its estimated fair value. The current EV-to-EBITDA is 10.17, which is near median its 10-year median of 9.67 and 33.7% above the Interactive Media industry median of 7.61. Modern Times Group MTG AB's overall GF Score™ is 71/100 with 5 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 Modern Times Group MTG AB (FRA:MRTA), the current EV-to-EBITDA is 10.17 as of Jul. 31, 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 Modern Times Group MTG AB (FRA:MRTA) Overvalued in 2026?
Based on GuruFocus' analysis, Modern Times Group MTG AB stock appears to be undervalued.
The current stock price of €11.37 is trading 26.8% below its estimated GF Value™ of €15.53.
GuruFocus considers Modern Times Group MTG AB to be Modestly Undervalued.
Key valuation signals for FRA:MRTA:
EV-to-EBITDA: 10.17 (near median its 10-year median of 9.67)
GF Value™: €15.53 vs. price of €11.37 (26.8% below fair value)
Industry Position: 33.7% above the Interactive Media median (#242 of 380)
No single metric tells the full story. See the FRA:MRTA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Modern Times Group MTG AB owns and operates gaming companies and studios with popular IPs across a wide range of casual and mid-core genres. The company's portfolio covers a wide range of evergreen gaming franchises like RAID: Shadow Legends, Forge of Empires, Top Drives, and Bloons, as well as word games like CrossWord Jam and WordTrip. Its games generate revenues through in-app purchases, advertising, and from third-party distribution platforms. It operates in a single business segment.
71GF Score
Get the complete analysis for FRA:MRTA
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:MRTA has been successfully added to your 
