Games Operators (WAR:GOP) EV-to-FCF: 16.83 (As of Jul. 14, 2026) — Near Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

WAR:GOP Games Operators SA WAR:GOP
98 GF Score
Price zł13.30
GF Value zł14.65
Valuation Fairly Valued
! 6 Warning Signs
View Full Analysis

What is Games Operators EV-to-FCF?

Games Operators WAR:GOP -1.48% 98 EV-to-FCF is 16.83 as of Jul. 14, 2026, which is 1% above its 10-year median of 16.68. GuruFocus rates WAR:GOP with a GF Score™ of 98/100 and a GF Value™ of zł14.65 (Fairly Valued). The stock has 6 warning signs investors should review. Among 338 Interactive Media companies, Games Operators ranks worse than 68.34% on this metric.

EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, Games Operators's Enterprise Value is zł61.16 Mil. Games Operators's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was zł3.63 Mil. Therefore, Games Operators's EV-to-FCF for today is 16.83.

The historical rank and industry rank for Games Operators's EV-to-FCF or its related term are showing as below:

WAR:GOP' s EV-to-FCF Range Over the Past 10 Years
Min: -324.98   Med: 16.68   Max: 162.78
Current: 17.14

During the past 10 years, the highest EV-to-FCF of Games Operators was 162.78. The lowest was -324.98. And the median was 16.68.

WAR:GOP's EV-to-FCF is ranked worse than
68.34% of 338 companies
in the Interactive Media industry
Industry Median: 10.325 vs WAR:GOP: 17.14

EV-to-FCF 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.

As of today (2026-07-14), Games Operators's stock price is zł13.30. Games Operators's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 was zł0.780. Therefore, Games Operators's PE Ratio (TTM) for today is 17.05.


Games Operators  (WAR:GOP) EV-to-FCF Explanation

EV-to-FCF 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.

Games Operators's PE Ratio (TTM) for today is calculated as:

PE Ratio (TTM)=Share Price (Today)/Earnings per Share (Diluted) (TTM)
=13.30/0.780
=17.05

Games Operators's share price for today is zł13.30.
Games Operators's Earnings per Share (Diluted) 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 zł0.780.

* 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. Free Cash Flow is an important financial metric because it represents the actual amount of cash at a company's disposal. Companies with a low EV-to-FCF ratio, combined with a strong balance sheet are generally considered as undervalued.


Games Operators EV-to-FCF Related Terms


Games Operators EV-to-FCF Historical Data

* Premium members only.

The historical data trend for Games Operators's EV-to-FCF 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.

Games Operators EV-to-FCF Chart

Games Operators Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EV-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 10.88 14.99 -66.64 7.40 21.26

Games Operators Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
EV-to-FCF Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 7.58 53.39 23.02 21.26 12.72

WAR:GOP vs NTES, EA, TTWO: EV-to-FCF Comparison

For the Electronic Gaming & Multimedia subindustry, Games Operators's EV-to-FCF, along with its competitors' market caps and EV-to-FCF 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.


Games Operators EV-to-FCF vs Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Games Operators's EV-to-FCF distribution charts can be found below:

* The bar in red indicates where Games Operators's EV-to-FCF falls into.


WAR:GOP
98GF Score
Games Operators SA WAR:GOP
EV-to-FCF is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Games Operators EV-to-FCF Calculation

Games Operators's EV-to-FCF for today is calculated as:

EV-to-FCF=Enterprise Value (Today)/Free Cash Flow (TTM)
=61.157/3.633
=16.83

Games Operators's current Enterprise Value is zł61.16 Mil.
Games Operators'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 zł3.63 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.

Frequently Asked Questions Learn more about EV-to-FCF →
What does a EV-to-FCF of 16.83 mean?
Games Operators (WAR:GOP) has a EV-to-FCF of 16.83 as of Jul. 14, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Games Operators and its competitors. This is near median its historical median of 16.68. According to the industry distribution chart, Games Operators ranks #231 out of 338 companies in the Interactive Media industry, placing it in the top 68.3%.
Is Games Operators' EV-to-FCF too high?
Games Operators' current EV-to-FCF of 16.83 is near median its 10-year median of 16.68. The Interactive Media industry median EV-to-FCF is 10.33. Games Operators' value of 16.83 is 63% above this industry median. Based on the distribution chart, Games Operators ranks #231 out of 338 companies in the Interactive Media industry, which is below the industry midpoint. Overall, Games Operators has a GF Score™ of 98/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Games Operators' EV-to-FCF compare to NTES and EA?
According to the Interactive Media industry distribution chart, Games Operators ranks #231 out of 338 companies for EV-to-FCF. This places Games Operators in the lower half of its industry. The industry median EV-to-FCF is 10.33. Games Operators' value of 16.83 is 63% above this benchmark. While the company's 10-year median is 16.68 vs. the industry median of 10.33, Games Operators 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-FCF for an Interactive Media company?
The median EV-to-FCF among Interactive Media companies is 10.33, based on 338 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-FCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-FCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Games Operators's current EV-to-FCF of 16.83 is 63% 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-FCF mean?
A high EV-to-FCF can signal that a stock is expensive relative to its fundamentals. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Games Operators and its competitors. For the Interactive Media industry, the median EV-to-FCF is 10.33 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Games Operators's current EV-to-FCF is 16.83, which is near median its own 10-year median of 16.68. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Games Operators stock overvalued right now?
Based on GuruFocus' analysis, Games Operators (WAR:GOP) is currently considered Fairly Valued. The stock's GF Value™ is zł14.65, compared to a current price of zł13.30 — trading 9.2% below its estimated fair value. The current EV-to-FCF is 16.83, which is near median its 10-year median of 16.68 and 63% above the Interactive Media industry median of 10.33. Games Operators' overall GF Score™ is 98/100 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-FCF calculated?
EV-to-FCF is calculated from a company's financial statements. For Games Operators (WAR:GOP), the current EV-to-FCF is 16.83 as of Jul. 14, 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 Games Operators (WAR:GOP) Overvalued in 2026?

Based on GuruFocus' analysis, Games Operators stock appears to be undervalued. The current stock price of zł13.30 is trading 9.2% below its estimated GF Value™ of zł14.65. GuruFocus considers Games Operators to be Fairly Valued.

Key valuation signals for WAR:GOP:

  • EV-to-FCF: 16.83 (near median its 10-year median of 16.68)
  • GF Value™: zł14.65 vs. price of zł13.30 (9.2% below fair value)
  • GF Score™: 98/100 with 6 warning signs
  • Industry Position: 63% above the Interactive Media median (#231 of 338)

No single metric tells the full story. See the WAR:GOP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Games Operators Business Description

Other Exchanges 8P7:Germany
Address Bukowinska 24a, m. 132, Warsaw, POL, 02-703
Games Operators SA is a publishing company that produces, distributes and sells pay-to-play games in United States, EU (especially England, France, Germany) and China markets. The company sells its games through online sales platforms such as Steam, Google Play, App Store, Nintendo eShop.
98GF Score

Get the complete analysis for WAR:GOP

EV-to-FCF is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

zł13.30
Price
zł14.65
GF Value