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Ten Square GamesWAR:TEN -2.10%90 EV-to-OCF is 7.06 as of Sep. 21, 2026, which is 13% above its 10-year median of 6.27. GuruFocus rates WAR:TEN with a GF Score™ of 90/100 and a GF Value™ of zł89.54 (Fairly Valued). The stock has 6 warning signs investors should review. Among 563 Interactive Media companies, Ten Square Games ranks worse than 62.7% on this metric.
EV-to-OCF is calculated as enterprise value divided by its cash flow from operations. As of today, Ten Square Games's Enterprise Value is zł572.0 Mil.
Ten Square Games's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 was zł81.0 Mil. Therefore, Ten Square Games's EV-to-OCF for today is 7.06.
The historical rank and industry rank for Ten Square Games's EV-to-OCF or its related term are showing as below:
WAR:TEN'
s EV-to-OCF Range Over the Past 10 Years
Min: 2.74 Med: 6.27 Max: 58.16
Current: 7.24
During the past 8 years, the highest EV-to-OCF of Ten Square Games was 58.16. The lowest was 2.74. And the median was 6.27.
WAR:TEN's EV-to-OCF is ranked worse than 62.7% of 563
companies
in the Interactive Media industry
Industry Median: 3.65
vs WAR:TEN: 7.24
EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. 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.
EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. 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 zł98.10.
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 zł9.080.
* 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.
Enterprise Value is used because it is a more complete measure in reflecting how much an investor pays when buying a company. Cash Flow from Operations is an important financial metric because it represents the cash generated from operating activities at a company's disposal. Companies with a low EV-to-OCF ratio, combined with a strong balance sheet are generally considered as undervalued.
Ten Square Games EV-to-OCF Related Terms
Ten Square Games EV-to-OCF Historical Data
* Premium members only.
The historical data trend for Ten Square Games's EV-to-OCF 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.
For the Electronic Gaming & Multimedia subindustry, Ten Square Games's EV-to-OCF, along with its competitors' market caps and EV-to-OCF 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-OCF vs Interactive Media Industry
For the Interactive Media industry and Communication Services sector, Ten Square Games's EV-to-OCF distribution charts can be found below:
* The bar in red indicates where Ten Square Games's EV-to-OCF falls into.
Ten Square Games's current Enterprise Value is zł572.0 Mil.
Ten Square Games's Cash Flow from Operations 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 zł81.0 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-OCF of 7.06 as of Sep. 21, 2026. This is 13% above median its historical median of 6.27. Over the past decade, Ten Square Games' EV-to-OCF has ranged from 2.74 to 58.16. According to the industry distribution chart, Ten Square Games ranks #353 out of 563 companies in the Interactive Media industry, placing it in the top 62.7%.
Is Ten Square Games' EV-to-OCF too high?
Ten Square Games' current EV-to-OCF of 7.06 is 13% above median its 10-year median of 6.27. Over the past 10 years, this metric has ranged from a low of 2.74 to a high of 58.16. The Interactive Media industry median EV-to-OCF is 3.65. Ten Square Games' value of 7.06 is 93.4% above this industry median. Based on the distribution chart, Ten Square Games ranks #353 out of 563 companies in the Interactive Media industry, which is below the industry midpoint. Overall, Ten Square Games has a GF Score™ of 90/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Ten Square Games' EV-to-OCF compare to NTES and TTWO?
According to the Interactive Media industry distribution chart, Ten Square Games ranks #353 out of 563 companies for EV-to-OCF. This places Ten Square Games in the lower half of its industry. The industry median EV-to-OCF is 3.65. Ten Square Games' value of 7.06 is 93.4% above this benchmark. Historically, Ten Square Games' own EV-to-OCF has ranged from 2.74 to 58.16 over the past decade. While the company's 10-year median is 6.27 vs. the industry median of 3.65, 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-OCF for an Interactive Media company?
The median EV-to-OCF among Interactive Media companies is 3.65, based on 563 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-OCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-OCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Ten Square Games's current EV-to-OCF of 7.06 is 93.4% 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-OCF mean?
A high EV-to-OCF can signal that a stock is expensive relative to its fundamentals. For the Interactive Media industry, the median EV-to-OCF is 3.65 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ten Square Games's current EV-to-OCF is 7.06, which is 13% above median its own 10-year median of 6.27. 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 Fairly Valued. The stock's GF Value™ is zł89.54, compared to a current price of zł98.10 — trading 9.6% above its estimated fair value. The current EV-to-OCF is 7.06, which is 13% above median its 10-year median of 6.27 and 93.4% above the Interactive Media industry median of 3.65. Ten Square Games' overall GF Score™ is 90/100 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-OCF calculated?
EV-to-OCF is calculated from a company's financial statements. For Ten Square Games (WAR:TEN), the current EV-to-OCF is 7.06 as of Sep. 21, 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 zł98.10 is trading 9.6% above its estimated GF Value™ of zł89.54.
GuruFocus considers Ten Square Games to be Fairly Valued.
Key valuation signals for WAR:TEN:
EV-to-OCF: 7.06 (13% above median its 10-year median of 6.27)
GF Value™: zł89.54 vs. price of zł98.10 (9.6% above fair value)
Industry Position: 93.4% above the Interactive Media median (#353 of 563)
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.
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