Forever Entertainment (WAR:FOR) EV-to-EBITDA: 6.63 (As of Jul. 17, 2026) — 44% Below Median

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Charlie Tian
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WAR:FOR Forever Entertainment SA WAR:FOR
76 GF Score
Price zł2.54
GF Value zł3.16
Valuation Modestly Undervalued
! 3 Warning Signs
View Full Analysis

What is Forever Entertainment EV-to-EBITDA?

Forever Entertainment WAR:FOR -0.39% 76 EV-to-EBITDA is 6.63 as of Jul. 17, 2026, which is 44% below its 10-year median of 11.78. GuruFocus rates WAR:FOR with a GF Score™ of 76/100 and a GF Value™ of zł3.16 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 378 Interactive Media companies, Forever Entertainment ranks better than 56.08% on this metric.

EV-to-EBITDA is calculated as enterprise value divided by its EBITDA. As of today, Forever Entertainment's enterprise value is zł71.24 Mil. Forever Entertainment's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 was zł10.74 Mil. Therefore, Forever Entertainment's EV-to-EBITDA for today is 6.63.

The historical rank and industry rank for Forever Entertainment's EV-to-EBITDA or its related term are showing as below:

WAR:FOR' s EV-to-EBITDA Range Over the Past 10 Years
Min: -113.99   Med: 11.78   Max: 180.82
Current: 6.63

During the past 13 years, the highest EV-to-EBITDA of Forever Entertainment was 180.82. The lowest was -113.99. And the median was 11.78.

WAR:FOR's EV-to-EBITDA is ranked better than
56.08% of 378 companies
in the Interactive Media industry
Industry Median: 7.625 vs WAR:FOR: 6.63

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.

As of today (2026-07-17), Forever Entertainment's stock price is zł2.54. Forever Entertainment's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 was zł0.265. Therefore, Forever Entertainment's PE Ratio (TTM) for today is 9.58.

The "classic" EV-to-EBITDA is much better in capturing debt and net cash than the PE Ratio (TTM).


Forever Entertainment  (WAR:FOR) 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.

Forever Entertainment's PE Ratio (TTM) for today is calculated as:

PE Ratio (TTM)=Share Price (Today)/Earnings per Share (Diluted) (TTM)
=2.54/0.265
=9.58

Forever Entertainment's share price for today is zł2.54.
Forever Entertainment's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was zł0.265.

* 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).

Please read Which price ratio outperforms the enterprise multiple?


Forever Entertainment EV-to-EBITDA Related Terms


Forever Entertainment EV-to-EBITDA Historical Data

* Premium members only.

The historical data trend for Forever Entertainment'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.

Forever Entertainment EV-to-EBITDA Chart

Forever Entertainment Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EV-to-EBITDA
Get a 7-Day Free Trial Premium Member Only Premium Member Only 48.71 10.56 12.54 12.08 7.14

Forever Entertainment Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
EV-to-EBITDA 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 11.74 11.24 7.33 7.14 6.62

WAR:FOR vs NTES, EA, TTWO: EV-to-EBITDA Comparison

For the Electronic Gaming & Multimedia subindustry, Forever Entertainment'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.


Forever Entertainment EV-to-EBITDA vs Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Forever Entertainment's EV-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Forever Entertainment's EV-to-EBITDA falls into.


WAR:FOR
76GF Score
Forever Entertainment SA WAR:FOR
EV-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Forever Entertainment EV-to-EBITDA Calculation

Forever Entertainment's EV-to-EBITDA for today is calculated as:

EV-to-EBITDA=Enterprise Value (Today)/EBITDA (TTM)
=71.238/10.744
=6.63

Forever Entertainment's current Enterprise Value is zł71.24 Mil.
Forever Entertainment's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was zł10.74 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-EBITDA →
What does a EV-to-EBITDA of 6.63 mean?
Forever Entertainment (WAR:FOR) has a EV-to-EBITDA of 6.63 as of Jul. 17, 2026. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on Forever Entertainment. This is 44% below median its historical median of 11.78. According to the industry distribution chart, Forever Entertainment ranks #166 out of 378 companies in the Interactive Media industry, placing it in the top 43.9%.
Is Forever Entertainment's EV-to-EBITDA too high?
Forever Entertainment's current EV-to-EBITDA of 6.63 is 44% below median its 10-year median of 11.78. The Interactive Media industry median EV-to-EBITDA is 7.63. Forever Entertainment's value of 6.63 is 13% below this industry median. Based on the distribution chart, Forever Entertainment ranks #166 out of 378 companies in the Interactive Media industry, which is above the industry midpoint. Overall, Forever Entertainment has a GF Score™ of 76/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Forever Entertainment's EV-to-EBITDA compare to NTES and EA?
According to the Interactive Media industry distribution chart, Forever Entertainment ranks #166 out of 378 companies for EV-to-EBITDA. This puts Forever Entertainment in the upper half of its industry. The industry median EV-to-EBITDA is 7.63. Forever Entertainment's value of 6.63 is 13% below this benchmark. While the company's 10-year median is 11.78 vs. the industry median of 7.63, Forever Entertainment 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-EBITDA for an Interactive Media company?
The median EV-to-EBITDA among Interactive Media companies is 7.63, based on 378 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. Forever Entertainment's current EV-to-EBITDA of 6.63 is 13% 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-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 Forever Entertainment. For the Interactive Media industry, the median EV-to-EBITDA is 7.63 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Forever Entertainment's current EV-to-EBITDA is 6.63, which is 44% below median its own 10-year median of 11.78. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Forever Entertainment stock overvalued right now?
Based on GuruFocus' analysis, Forever Entertainment (WAR:FOR) is currently considered Modestly Undervalued. The stock's GF Value™ is zł3.16, compared to a current price of zł2.54 — trading 19.6% below its estimated fair value. The current EV-to-EBITDA is 6.63, which is 44% below median its 10-year median of 11.78 and 13% below the Interactive Media industry median of 7.63. Forever Entertainment's overall GF Score™ is 76/100 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 Forever Entertainment (WAR:FOR), the current EV-to-EBITDA is 6.63 as of Jul. 17, 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 Forever Entertainment (WAR:FOR) Overvalued in 2026?

Based on GuruFocus' analysis, Forever Entertainment stock appears to be undervalued. The current stock price of zł2.54 is trading 19.6% below its estimated GF Value™ of zł3.16. GuruFocus considers Forever Entertainment to be Modestly Undervalued.

Key valuation signals for WAR:FOR:

  • EV-to-EBITDA: 6.63 (44% below median its 10-year median of 11.78)
  • GF Value™: zł3.16 vs. price of zł2.54 (19.6% below fair value)
  • GF Score™: 76/100 with 3 warning signs
  • Industry Position: 13% below the Interactive Media median (#166 of 378)

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


Forever Entertainment Business Description

Address Al. Zwyciestwa 96/98, Gdynia, POL, 81-451
Forever Entertainment SA is an entertainment company that designs and manufactures computer game for different platforms. The company's games, such as Startioe, Not Dying Today, The Final Take, Zombillie, Teddy Floppy Ear, among others.
76GF Score

Get the complete analysis for WAR:FOR

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

zł2.54
Price
zł3.16
GF Value