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, Ten Square Games's Enterprise Value is zł446.1 Mil.
Ten Square Games's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 was zł74.4 Mil. Therefore, Ten Square Games's EV-to-EBIT ratio for today is 6.00.
EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA. As of today, Ten Square Games's Enterprise Value is zł446.1 Mil.
Ten Square Games's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 was zł87.1 Mil. Therefore, Ten Square Games's EV-to-EBITDA ratio for today is 5.12.
EV-to-Revenue is calculated as Enterprise Value divided by its Revenue. As of today, Ten Square Games's Enterprise Value is zł446.1 Mil.
Ten Square Games's Revenue for the trailing twelve months (TTM) ended in Mar. 2026 was zł363.8 Mil. Therefore, Ten Square Games's EV-to-Revenue ratio for today is 1.23.
*** 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.
Ten Square Games (WAR:TEN) 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.
Ten Square Games's current Enterprise Value is zł446.1 Mil.
Ten Square Games'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 zł74.4 Mil.
2. EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA.
Ten Square Games's current Enterprise Value is zł446.1 Mil.
Ten Square Games'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 zł87.1 Mil.
Ten Square Games's current Enterprise Value is zł446.1 Mil.
Ten Square Games'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 zł363.8 Mil.
Ten Square Games's current Enterprise Value is zł446.1 Mil.
Ten Square Games'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 zł87.2 Mil.
Ten Square Games's current Enterprise Value is zł446.1 Mil.
Ten Square Games'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 zł83.8 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 Enterprise Value Related Terms
Ten Square Games Enterprise Value Historical Data
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The historical data trend for Ten Square Games's Enterprise Value 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: Enterprise Value Comparison
For the Electronic Gaming & Multimedia subindustry, Ten Square Games'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.
Ten Square Games Enterprise Value vs Interactive Media Industry
For the Interactive Media industry and Communication Services sector, Ten Square Games's Enterprise Value distribution charts can be found below:
* The bar in red indicates where Ten Square Games's Enterprise Value falls into.
Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.
Ten Square Games'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.
Ten Square Games (WAR:TEN) has a Enterprise Value of zł446.1 Mil as of Jul. 08, 2026. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on Ten Square Games and its competitors.
Is Ten Square Games' Enterprise Value too high?
Ten Square Games' current Enterprise Value is zł446.1 Mil. Overall, Ten Square Games has a GF Score™ of 82/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Ten Square Games' Enterprise Value compare to NTES and EA?
Ten Square Games' Enterprise Value of zł446.1 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 Ten Square Games and its competitors. Ten Square Games's current Enterprise Value is zł446.1 Mil. 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 zł85.59, compared to a current price of zł91.00 — trading 6.3% above its estimated fair value. The current Enterprise Value is zł446.1 Mil. Ten Square Games' overall GF Score™ is 82/100 with 5 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 Ten Square Games (WAR:TEN), the current Enterprise Value is zł446.1 Mil as of Jul. 08, 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 zł91.00 is trading 6.3% above its estimated GF Value™ of zł85.59.
GuruFocus considers Ten Square Games to be Fairly Valued.
Key valuation signals for WAR:TEN:
Enterprise Value: zł446.1 Mil
GF Value™: zł85.59 vs. price of zł91.00 (6.3% above fair value)
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.
82GF Score
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