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, Varsav Game Studios's Enterprise Value is zł12.76 Mil.
Varsav Game Studios's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 was zł1.30 Mil. Therefore, Varsav Game Studios's EV-to-EBIT ratio for today is 9.83.
EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA. As of today, Varsav Game Studios's Enterprise Value is zł12.76 Mil.
Varsav Game Studios's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 was zł1.36 Mil. Therefore, Varsav Game Studios's EV-to-EBITDA ratio for today is 9.36.
EV-to-Revenue is calculated as Enterprise Value divided by its Revenue. As of today, Varsav Game Studios's Enterprise Value is zł12.76 Mil.
Varsav Game Studios's Revenue for the trailing twelve months (TTM) ended in Mar. 2026 was zł1.93 Mil. Therefore, Varsav Game Studios's EV-to-Revenue ratio for today is 6.62.
*** 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.
Varsav Game Studios (WAR:VAR) 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.
Varsav Game Studios's current Enterprise Value is zł12.76 Mil.
Varsav Game Studios'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 zł1.30 Mil.
2. EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA.
Varsav Game Studios's current Enterprise Value is zł12.76 Mil.
Varsav Game Studios'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 zł1.36 Mil.
Varsav Game Studios's current Enterprise Value is zł12.76 Mil.
Varsav Game Studios'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 zł1.93 Mil.
Varsav Game Studios's current Enterprise Value is zł12.76 Mil.
Varsav Game Studios'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 zł-0.84 Mil.
Varsav Game Studios's current Enterprise Value is zł12.76 Mil.
Varsav Game Studios'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 zł-0.84 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.
Varsav Game Studios Enterprise Value Related Terms
Varsav Game Studios Enterprise Value Historical Data
* Premium members only.
The historical data trend for Varsav Game Studios'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:VAR vs NTES, EA, TTWO: Enterprise Value Comparison
For the Electronic Gaming & Multimedia subindustry, Varsav Game Studios'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.
Varsav Game Studios Enterprise Value vs Interactive Media Industry
For the Interactive Media industry and Communication Services sector, Varsav Game Studios's Enterprise Value distribution charts can be found below:
* The bar in red indicates where Varsav Game Studios'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.
Varsav Game Studios'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.
Varsav Game Studios (WAR:VAR) has a Enterprise Value of zł12.76 Mil as of Jul. 06, 2026. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on Varsav Game Studios and its competitors.
Is Varsav Game Studios' Enterprise Value too high?
Varsav Game Studios' current Enterprise Value is zł12.76 Mil. Overall, Varsav Game Studios has a GF Score™ of 53/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Varsav Game Studios' Enterprise Value compare to NTES and EA?
Varsav Game Studios' Enterprise Value of zł12.76 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 Varsav Game Studios and its competitors. Varsav Game Studios's current Enterprise Value is zł12.76 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Varsav Game Studios stock overvalued right now?
Based on GuruFocus' analysis, Varsav Game Studios (WAR:VAR) is currently considered Possible Value Trap. The stock's GF Value™ is zł0.69, compared to a current price of zł0.44 — trading 36.2% below its estimated fair value. The current Enterprise Value is zł12.76 Mil. Varsav Game Studios' overall GF Score™ is 53/100 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 Varsav Game Studios (WAR:VAR), the current Enterprise Value is zł12.76 Mil as of Jul. 06, 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 Varsav Game Studios (WAR:VAR) Overvalued in 2026?
Based on GuruFocus' analysis, Varsav Game Studios stock appears to be undervalued.
The current stock price of zł0.44 is trading 36.2% below its estimated GF Value™ of zł0.69.
GuruFocus considers Varsav Game Studios to be Possible Value Trap.
Key valuation signals for WAR:VAR:
Enterprise Value: zł12.76 Mil
GF Value™: zł0.69 vs. price of zł0.44 (36.2% below fair value)
No single metric tells the full story. See the WAR:VAR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Varsav Game Studios SA is a Poland-based company. It is mainly engaged in the production of PC and mobile games and applications. The company offers various services to the gaming industry, including portfolio building and providing technological and financial support. Games developed by the company include Bee Simulator, AR Kicker, Crowd Dragons, Metamorphosis, and Interkosmos.
53GF Score
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