ManyDev Studio SE (WAR:MAN) EV-to-EBITDA: -23.37 (As of Sep. 02, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
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.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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.

WAR:MAN ManyDev Studio SE WAR:MAN
4 GF Score
Price zł0.62
View Full Analysis

What is ManyDev Studio SE EV-to-EBITDA?

ManyDev Studio SE WAR:MAN 4 EV-to-EBITDA is -23.37 as of Sep. 02, 2026. GuruFocus rates WAR:MAN with a GF Score™ of 4/100.

EV-to-EBITDA is calculated as enterprise value divided by its EBITDA. As of today, ManyDev Studio SE's enterprise value is zł17.76 Mil. ManyDev Studio SE's EBITDA for the trailing twelve months (TTM) ended in Mar. 2025 was zł-0.76 Mil. Therefore, ManyDev Studio SE's EV-to-EBITDA for today is -23.37.

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

WAR:MAN's EV-to-EBITDA is not ranked *
in the Interactive Media industry.
Industry Median: 7.06
* Ranked among companies with meaningful EV-to-EBITDA only.

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 (2026-09-02), ManyDev Studio SE's stock price is zł0.616. ManyDev Studio SE's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2025 was zł-0.055. Therefore, ManyDev Studio SE's PE Ratio (TTM) for today is At Loss.

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


ManyDev Studio SE  (WAR:MAN) 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.

ManyDev Studio SE's PE Ratio (TTM) for today is calculated as:

PE Ratio (TTM)=Share Price (Today)/Earnings per Share (Diluted) (TTM)
=0.616/-0.055
=At Loss

ManyDev Studio SE's share price for today is zł0.616.
ManyDev Studio SE's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2025 adds up the quarterly data reported by the company within the most recent 12 months, which was zł-0.055.

* 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?


ManyDev Studio SE EV-to-EBITDA Related Terms


ManyDev Studio SE EV-to-EBITDA Historical Data

* Premium members only.

The historical data trend for ManyDev Studio SE'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.

ManyDev Studio SE EV-to-EBITDA Chart

ManyDev Studio SE Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
EV-to-EBITDA
Get a 7-Day Free Trial Premium Member Only Premium Member Only -59.75 -75.49 -5.38 -15.01 -26.99

ManyDev Studio SE Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 -42.64 -25.52 -25.18 -26.99 -24.65

WAR:MAN vs NTES, RBLX, EA: EV-to-EBITDA Comparison

For the Electronic Gaming & Multimedia subindustry, ManyDev Studio SE'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.


ManyDev Studio SE EV-to-EBITDA vs Interactive Media Industry

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

* The bar in red indicates where ManyDev Studio SE's EV-to-EBITDA falls into.


WAR:MAN
4GF Score
ManyDev Studio SE WAR:MAN
EV-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

ManyDev Studio SE EV-to-EBITDA Calculation

ManyDev Studio SE's EV-to-EBITDA for today is calculated as:

EV-to-EBITDA=Enterprise Value (Today)/EBITDA (TTM)
=17.761/-0.76
=-23.37

ManyDev Studio SE's current Enterprise Value is zł17.76 Mil.
ManyDev Studio SE's EBITDA for the trailing twelve months (TTM) ended in Mar. 2025 adds up the quarterly data reported by the company within the most recent 12 months, which was zł-0.76 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 -23.37 mean?
ManyDev Studio SE (WAR:MAN) has a EV-to-EBITDA of -23.37 as of Sep. 02, 2026. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on ManyDev Studio SE.
Is ManyDev Studio SE's EV-to-EBITDA too high?
ManyDev Studio SE's current EV-to-EBITDA is -23.37. Overall, ManyDev Studio SE has a GF Score™ of 4/100, reflecting its overall financial health beyond just this single metric.
How does ManyDev Studio SE's EV-to-EBITDA compare to NTES and RBLX?
ManyDev Studio SE's EV-to-EBITDA of -23.37 can be compared against companies in the Interactive Media industry. The industry median EV-to-EBITDA is 7.06. 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 7.06, based on 372 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. 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 ManyDev Studio SE. For the Interactive Media industry, the median EV-to-EBITDA is 7.06 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ManyDev Studio SE's current EV-to-EBITDA is -23.37. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ManyDev Studio SE stock overvalued right now?
ManyDev Studio SE (WAR:MAN) has a current EV-to-EBITDA of -23.37. The current EV-to-EBITDA is -23.37. ManyDev Studio SE's overall GF Score™ is 4/100. 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 ManyDev Studio SE (WAR:MAN), the current EV-to-EBITDA is -23.37 as of Sep. 02, 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.

ManyDev Studio SE Business Description

Address ul. Bieniewicka 26, Warsaw, POL, 01-632
ManyDev Studio SE is focused on developing games. Some of its projects include Barbarian Kingdom, Dreamreaper: Gray Skies, and Formula Team.
4GF Score

Get the complete analysis for WAR:MAN

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

zł0.62
Price