Think of Enterprise Value as the theoretical takeover price. It is more comprehensive than market capitalization (Market Cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.
EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, Modern Times Group MTG AB's Enterprise Value is €1,588 Mil.
Modern Times Group MTG AB's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 was €89 Mil. Therefore, Modern Times Group MTG AB's EV-to-EBIT ratio for today is 17.76.
*** Please note that the current Enterprise Value is calculated using the current market capitalization and the most recently available financial data. If key financial fields—Long-Term Debt & Capital Lease Obligation and Short-Term Debt & Capital Lease Obligation—are recorded as null in the latest reporting period, our data vendor will default to using data from the prior period with valid entries.
Modern Times Group MTG AB (FRA:MRTA) Enterprise Value Explanation
When an investor buy a company, the investor needs to pay not only the common shares, he/she also needs to pay the shareholders of Preferred Stocks. He also assumes the debt of the company, and receives the cash on the company's balance sheet.
If a company has more cash than debt, the investor actually pays less than the Market Cap because he immediately owns the cash once the transaction goes through.
The market value of Preferred Stock needs to be added to the market value of common stocks in the calculation of Enterprise Value.
For the companies with the same Market Cap, the smaller the Enterprise Value is, the cheaper the company is.
Enterprise Value can be negative when the company's net cash is more than its Market Cap. In this case the investor is basically getting the company for free and get paid for that.
1. EV-to-EBIT is calculated as Enterprise Value divided by its EBIT.
Modern Times Group MTG AB's EV-to-EBIT for today is
Modern Times Group MTG AB's current Enterprise Value is €1,588 Mil.
Modern Times Group MTG AB's EBIT 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 €89 Mil.
2. EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA.
Modern Times Group MTG AB's EV-to-EBITDA for today is:
Modern Times Group MTG AB's current Enterprise Value is €1,588 Mil.
Modern Times Group MTG AB'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 €125 Mil.
Modern Times Group MTG AB's current Enterprise Value is €1,588 Mil.
Modern Times Group MTG AB's Revenue 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 €1,116 Mil.
Modern Times Group MTG AB's current Enterprise Value is €1,588 Mil.
Modern Times Group MTG AB's Cash Flow from Operations 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 €198 Mil.
Modern Times Group MTG AB's current Enterprise Value is €1,588 Mil.
Modern Times Group MTG AB's Free Cash Flow 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 €190 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.
Modern Times Group MTG AB Enterprise Value Related Terms
Modern Times Group MTG AB Enterprise Value Historical Data
* 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.
FRA:MRTA vs NTES, EA, TTWO: Enterprise Value Comparison
For the Electronic Gaming & Multimedia subindustry, Modern Times Group MTG AB's Enterprise Value, along with its competitors' market caps and Enterprise Value 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.
Modern Times Group MTG AB Enterprise Value vs Interactive Media Industry
For the Interactive Media industry and Communication Services sector, Modern Times Group MTG AB's Enterprise Value distribution charts can be found below:
* The bar in red indicates where Modern Times Group MTG AB's Enterprise Value falls into.
Modern Times Group MTG AB Enterprise Value Calculation
Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.
Modern Times Group MTG AB's Enterprise Value for the fiscal year that ended in Dec. 2025 is calculated as
* 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.
Modern Times Group MTG AB (FRA:MRTA) has a Enterprise Value of €1,588 Mil as of Jun. 30, 2026. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on Modern Times Group MTG AB and its competitors.
Is Modern Times Group MTG AB's Enterprise Value too high?
Modern Times Group MTG AB's current Enterprise Value is €1,588 Mil. Overall, Modern Times Group MTG AB has a GF Score™ of 87/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Modern Times Group MTG AB's Enterprise Value compare to NTES and EA?
Modern Times Group MTG AB's Enterprise Value of €1,588 Mil can be compared against companies in the Interactive Media industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Enterprise Value for an Interactive Media company?
A good Enterprise Value depends on the Interactive Media industry context. However, Enterprise Value 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 Enterprise Value mean?
A high Enterprise Value can signal that a stock is expensive relative to its fundamentals. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on Modern Times Group MTG AB and its competitors. Modern Times Group MTG AB's current Enterprise Value is €1,588 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Modern Times Group MTG AB stock overvalued right now?
Based on GuruFocus' analysis, Modern Times Group MTG AB (FRA:MRTA) is currently considered Significantly Undervalued. The stock's GF Value™ is €15.49, compared to a current price of €10.84 — trading 30% below its estimated fair value. The current Enterprise Value is €1,588 Mil. Modern Times Group MTG AB's overall GF Score™ is 87/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Enterprise Value calculated?
Enterprise Value is calculated from a company's financial statements. For Modern Times Group MTG AB (FRA:MRTA), the current Enterprise Value is €1,588 Mil as of Jun. 30, 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 Modern Times Group MTG AB (FRA:MRTA) Overvalued in 2026?
Based on GuruFocus' analysis, Modern Times Group MTG AB stock appears to be undervalued.
The current stock price of €10.84 is trading 30% below its estimated GF Value™ of €15.49.
GuruFocus considers Modern Times Group MTG AB to be Significantly Undervalued.
Key valuation signals for FRA:MRTA:
Enterprise Value: €1,588 Mil
GF Value™: €15.49 vs. price of €10.84 (30% below fair value)
No single metric tells the full story. See the FRA:MRTA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Modern Times Group MTG AB owns and operates gaming companies and studios with popular IPs across a wide range of casual and mid-core genres. The company's portfolio covers a wide range of evergreen gaming franchises like RAID: Shadow Legends, Forge of Empires, Top Drives, and Bloons, as well as word games like CrossWord Jam and WordTrip. Its games generate revenues through in-app purchases, advertising, and from third-party distribution platforms. It operates in a single business segment.
87GF Score
Get the complete analysis for FRA:MRTA
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