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Ten Square GamesWAR:TEN -1.61%89 EV-to-EBITDA is 7.14 as of Aug. 27, 2026, which is 40% below its 10-year median of 11.93. GuruFocus rates WAR:TEN with a GF Score™ of 89/100 and a GF Value™ of zł89.59 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 378 Interactive Media companies, Ten Square Games ranks worse than 50.26% on this metric.
EV-to-EBITDA is calculated as enterprise value divided by its EBITDA. As of today, Ten Square Games's enterprise value is zł578.9 Mil.
Ten Square Games's EBITDA for the trailing twelve months (TTM) ended in Jun. 2026 was zł81.1 Mil. Therefore, Ten Square Games's EV-to-EBITDA for today is 7.14.
The historical rank and industry rank for Ten Square Games's EV-to-EBITDA or its related term are showing as below:
WAR:TEN'
s EV-to-EBITDA Range Over the Past 10 Years
Min: 3.4 Med: 11.93 Max: 37.87
Current: 6.99
During the past 9 years, the highest EV-to-EBITDA of Ten Square Games was 37.87. The lowest was 3.40. And the median was 11.93.
WAR:TEN's EV-to-EBITDA is ranked worse than 50.26% of 378
companies
in the Interactive Media industry
Industry Median: 6.87
vs WAR:TEN: 6.99
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.
Ten Square Games (WAR:TEN) 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.
Ten Square Games's PE Ratio (TTM) for today is calculated as:
Ten Square Games's share price for today is zł103.80.
Ten Square Games'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 zł8.967.
* 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 Ten Square Games'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.
WAR:TEN vs NTES, EA, TTWO: EV-to-EBITDA Comparison
For the Electronic Gaming & Multimedia subindustry, Ten Square Games'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.
Ten Square Games EV-to-EBITDA vs Interactive Media Industry
For the Interactive Media industry and Communication Services sector, Ten Square Games's EV-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Ten Square Games's EV-to-EBITDA falls into.
Ten Square Games's current Enterprise Value is zł578.9 Mil.
Ten Square Games'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 zł81.1 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.
Ten Square Games (WAR:TEN) has a EV-to-EBITDA of 7.14 as of Aug. 27, 2026. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on Ten Square Games. This is 40% below median its historical median of 11.93. Over the past decade, Ten Square Games' EV-to-EBITDA has ranged from 3.40 to 37.87. According to the industry distribution chart, Ten Square Games ranks #190 out of 378 companies in the Interactive Media industry, placing it in the top 50.3%.
Is Ten Square Games' EV-to-EBITDA too high?
Ten Square Games' current EV-to-EBITDA of 7.14 is 40% below median its 10-year median of 11.93. Over the past 10 years, this metric has ranged from a low of 3.40 to a high of 37.87. The Interactive Media industry median EV-to-EBITDA is 6.87. Ten Square Games' value of 7.14 is 3.9% above this industry median. Based on the distribution chart, Ten Square Games ranks #190 out of 378 companies in the Interactive Media industry, which is below the industry midpoint. Overall, Ten Square Games has a GF Score™ of 89/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ten Square Games' EV-to-EBITDA compare to NTES and EA?
According to the Interactive Media industry distribution chart, Ten Square Games ranks #190 out of 378 companies for EV-to-EBITDA. This places Ten Square Games in the lower half of its industry. The industry median EV-to-EBITDA is 6.87. Ten Square Games' value of 7.14 is 3.9% above this benchmark. Historically, Ten Square Games' own EV-to-EBITDA has ranged from 3.40 to 37.87 over the past decade. While the company's 10-year median is 11.93 vs. the industry median of 6.87, Ten Square 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-EBITDA for an Interactive Media company?
The median EV-to-EBITDA among Interactive Media companies is 6.87, 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. Ten Square Games's current EV-to-EBITDA of 7.14 is 3.9% 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-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 Ten Square Games. For the Interactive Media industry, the median EV-to-EBITDA is 6.87 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ten Square Games's current EV-to-EBITDA is 7.14, which is 40% below median its own 10-year median of 11.93. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ten Square Games stock overvalued right now?
Based on GuruFocus' analysis, Ten Square Games (WAR:TEN) is currently considered Modestly Overvalued. The stock's GF Value™ is zł89.59, compared to a current price of zł103.80 — trading 15.9% above its estimated fair value. The current EV-to-EBITDA is 7.14, which is 40% below median its 10-year median of 11.93 and 3.9% above the Interactive Media industry median of 6.87. Ten Square Games' overall GF Score™ is 89/100 with 6 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 Ten Square Games (WAR:TEN), the current EV-to-EBITDA is 7.14 as of Aug. 27, 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 Ten Square Games (WAR:TEN) Overvalued in 2026?
Based on GuruFocus' analysis, Ten Square Games stock appears to be overvalued.
The current stock price of zł103.80 is trading 15.9% above its estimated GF Value™ of zł89.59.
GuruFocus considers Ten Square Games to be Modestly Overvalued.
Key valuation signals for WAR:TEN:
EV-to-EBITDA: 7.14 (40% below median its 10-year median of 11.93)
GF Value™: zł89.59 vs. price of zł103.80 (15.9% above fair value)
Industry Position: 3.9% above the Interactive Media median (#190 of 378)
No single metric tells the full story. See the WAR:TEN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ten Square Games SA is a developer of free-to-play mobile games with a focus on hobby genres, including fishing, hunting, and aviation. The company's portfolio includes popular titles such as Fishing Clash, Hunting Clash, Real Flight Simulator, Trophy Hunter, Let's Fish, and Wings of Heroes. The company's source of revenue includes micro-payments, subscriptions, advertisement, and licenses. The company generates the majority of its revenue from the micro-payments.
89GF Score
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