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Ultimate GamesWAR:ULG -1.89%91 EV-to-EBITDA is 8.57 as of Sep. 16, 2026, which is 11% below its 10-year median of 9.59. GuruFocus rates WAR:ULG with a GF Score™ of 91/100 and a GF Value™ of zł16.93 (Modestly Undervalued). The stock has 1 warning sign investors should review. Among 382 Interactive Media companies, Ultimate Games ranks worse than 57.33% on this metric.
EV-to-EBITDA is calculated as enterprise value divided by its EBITDA. As of today, Ultimate Games's enterprise value is zł62.91 Mil.
Ultimate Games's EBITDA for the trailing twelve months (TTM) ended in Sep. 2025 was zł7.34 Mil. Therefore, Ultimate Games's EV-to-EBITDA for today is 8.57.
The historical rank and industry rank for Ultimate Games's EV-to-EBITDA or its related term are showing as below:
WAR:ULG'
s EV-to-EBITDA Range Over the Past 10 Years
Min: -12.57 Med: 9.59 Max: 38.85
Current: 8.57
During the past 6 years, the highest EV-to-EBITDA of Ultimate Games was 38.85. The lowest was -12.57. And the median was 9.59.
WAR:ULG's EV-to-EBITDA is ranked worse than 57.33% of 382
companies
in the Interactive Media industry
Industry Median: 6.925
vs WAR:ULG: 8.57
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.
Ultimate Games's PE Ratio (TTM) for today is calculated as:
Ultimate Games's share price for today is zł12.95.
Ultimate Games's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Sep. 2025 adds up the quarterly data reported by the company within the most recent 12 months, which was zł1.588.
* 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 Ultimate 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:ULG vs NTES, TTWO, RBLX: EV-to-EBITDA Comparison
For the Electronic Gaming & Multimedia subindustry, Ultimate 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.
Ultimate Games EV-to-EBITDA vs Interactive Media Industry
For the Interactive Media industry and Communication Services sector, Ultimate Games's EV-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Ultimate Games's EV-to-EBITDA falls into.
Ultimate Games's current Enterprise Value is zł62.91 Mil.
Ultimate Games's EBITDA for the trailing twelve months (TTM) ended in Sep. 2025 adds up the quarterly data reported by the company within the most recent 12 months, which was zł7.34 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.
Ultimate Games (WAR:ULG) has a EV-to-EBITDA of 8.57 as of Sep. 16, 2026. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on Ultimate Games. This is 11% below median its historical median of 9.59. According to the industry distribution chart, Ultimate Games ranks #219 out of 382 companies in the Interactive Media industry, placing it in the top 57.3%.
Is Ultimate Games' EV-to-EBITDA too high?
Ultimate Games' current EV-to-EBITDA of 8.57 is 11% below median its 10-year median of 9.59. The Interactive Media industry median EV-to-EBITDA is 6.93. Ultimate Games' value of 8.57 is 23.8% above this industry median. Based on the distribution chart, Ultimate Games ranks #219 out of 382 companies in the Interactive Media industry, which is below the industry midpoint. Overall, Ultimate Games has a GF Score™ of 91/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Ultimate Games' EV-to-EBITDA compare to NTES and TTWO?
According to the Interactive Media industry distribution chart, Ultimate Games ranks #219 out of 382 companies for EV-to-EBITDA. This places Ultimate Games in the lower half of its industry. The industry median EV-to-EBITDA is 6.93. Ultimate Games' value of 8.57 is 23.8% above this benchmark. While the company's 10-year median is 9.59 vs. the industry median of 6.93, Ultimate 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 6.93, based on 382 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. Ultimate Games's current EV-to-EBITDA of 8.57 is 23.8% 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 Ultimate Games. 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. Ultimate Games's current EV-to-EBITDA is 8.57, which is 11% below median its own 10-year median of 9.59. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ultimate Games stock overvalued right now?
Based on GuruFocus' analysis, Ultimate Games (WAR:ULG) is currently considered Modestly Undervalued. The stock's GF Value™ is zł16.93, compared to a current price of zł12.95 — trading 23.5% below its estimated fair value. The current EV-to-EBITDA is 8.57, which is 11% below median its 10-year median of 9.59 and 23.8% above the Interactive Media industry median of 6.93. Ultimate Games' overall GF Score™ is 91/100 with 1 warning sign 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 Ultimate Games (WAR:ULG), the current EV-to-EBITDA is 8.57 as of Sep. 16, 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 Ultimate Games (WAR:ULG) Overvalued in 2026?
Based on GuruFocus' analysis, Ultimate Games stock appears to be undervalued.
The current stock price of zł12.95 is trading 23.5% below its estimated GF Value™ of zł16.93.
GuruFocus considers Ultimate Games to be Modestly Undervalued.
Key valuation signals for WAR:ULG:
EV-to-EBITDA: 8.57 (11% below median its 10-year median of 9.59)
GF Value™: zł16.93 vs. price of zł12.95 (23.5% below fair value)
Industry Position: 23.8% above the Interactive Media median (#219 of 382)
No single metric tells the full story. See the WAR:ULG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ultimate Games SA is a Polish company that operates in the video games market. It is engaged in the production and distribution of games for desktops, mobile devices, and consoles. It develops games on fishing, hunting, and hobby including Ultimate fishing simulator, Pro 2018 Fishing, Priest, Bouncy BOB, Darkest hunters, Earthworms, and The Worst Day Ever.
91GF Score
Get the complete analysis for WAR:ULG
EV-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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