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Ultimate GamesWAR:ULG +2.03%91 EV-to-FCF is 37.97 as of Jul. 15, 2026, which is 41% below its 10-year median of 64.37. GuruFocus rates WAR:ULG with a GF Score™ of 91/100 and a GF Value™ of zł16.87 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 335 Interactive Media companies, Ultimate Games ranks worse than 85.07% on this metric.
EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, Ultimate Games's Enterprise Value is zł74.15 Mil.
Ultimate Games's Free Cash Flow for the trailing twelve months (TTM) ended in Sep. 2025 was zł1.95 Mil. Therefore, Ultimate Games's EV-to-FCF for today is 37.97.
The historical rank and industry rank for Ultimate Games's EV-to-FCF or its related term are showing as below:
WAR:ULG'
s EV-to-FCF Range Over the Past 10 Years
Min: -465.8 Med: 64.37 Max: 1308.35
Current: 37.16
During the past 8 years, the highest EV-to-FCF of Ultimate Games was 1308.35. The lowest was -465.80. And the median was 64.37.
WAR:ULG's EV-to-FCF is ranked worse than 85.07% of 335
companies
in the Interactive Media industry
Industry Median: 10.35
vs WAR:ULG: 37.16
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.
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.
Ultimate Games's PE Ratio (TTM) for today is calculated as:
Ultimate Games's share price for today is zł15.10.
Ultimate Games's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Sep. 2025 adds up the quarterly data reported by the company within the most recent 12 months, which was zł1.210.
* 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.
Ultimate Games EV-to-FCF Related Terms
Ultimate Games EV-to-FCF Historical Data
* Premium members only.
The historical data trend for Ultimate Games'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.
For the Electronic Gaming & Multimedia subindustry, Ultimate Games'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.
Ultimate Games EV-to-FCF vs Interactive Media Industry
For the Interactive Media industry and Communication Services sector, Ultimate Games's EV-to-FCF distribution charts can be found below:
* The bar in red indicates where Ultimate Games's EV-to-FCF falls into.
Ultimate Games's current Enterprise Value is zł74.15 Mil.
Ultimate Games's Free Cash Flow for the trailing twelve months (TTM) ended in Sep. 2025 adds up the quarterly data reported by the company within the most recent 12 months, which was zł1.95 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.
Ultimate Games (WAR:ULG) has a EV-to-FCF of 37.97 as of Jul. 15, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Ultimate Games and its competitors. This is 41% below median its historical median of 64.37. According to the industry distribution chart, Ultimate Games ranks #285 out of 335 companies in the Interactive Media industry, placing it in the top 85.1%.
Is Ultimate Games' EV-to-FCF too high?
Ultimate Games' current EV-to-FCF of 37.97 is 41% below median its 10-year median of 64.37. The Interactive Media industry median EV-to-FCF is 10.35. Ultimate Games' value of 37.97 is 266.9% above this industry median. Based on the distribution chart, Ultimate Games ranks #285 out of 335 companies in the Interactive Media industry, which is in the bottom quartile relative to peers. Overall, Ultimate Games has a GF Score™ of 91/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Ultimate Games' EV-to-FCF compare to NTES and EA?
According to the Interactive Media industry distribution chart, Ultimate Games ranks #285 out of 335 companies for EV-to-FCF. This places Ultimate Games in the lower half of its industry. The industry median EV-to-FCF is 10.35. Ultimate Games' value of 37.97 is 266.9% above this benchmark. While the company's 10-year median is 64.37 vs. the industry median of 10.35, Ultimate 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-FCF for an Interactive Media company?
The median EV-to-FCF among Interactive Media companies is 10.35, based on 335 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. Ultimate Games's current EV-to-FCF of 37.97 is 266.9% 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 Ultimate Games and its competitors. For the Interactive Media industry, the median EV-to-FCF is 10.35 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ultimate Games's current EV-to-FCF is 37.97, which is 41% below median its own 10-year median of 64.37. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ultimate Games stock overvalued right now?
Based on GuruFocus' analysis, Ultimate Games (WAR:ULG) is currently considered Modestly Undervalued. The stock's GF Value™ is zł16.87, compared to a current price of zł15.10 — trading 10.5% below its estimated fair value. The current EV-to-FCF is 37.97, which is 41% below median its 10-year median of 64.37 and 266.9% above the Interactive Media industry median of 10.35. Ultimate Games' overall GF Score™ is 91/100 with 5 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 Ultimate Games (WAR:ULG), the current EV-to-FCF is 37.97 as of Jul. 15, 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 Ultimate Games (WAR:ULG) Overvalued in 2026?
Based on GuruFocus' analysis, Ultimate Games stock appears to be undervalued.
The current stock price of zł15.10 is trading 10.5% below its estimated GF Value™ of zł16.87.
GuruFocus considers Ultimate Games to be Modestly Undervalued.
Key valuation signals for WAR:ULG:
EV-to-FCF: 37.97 (41% below median its 10-year median of 64.37)
GF Value™: zł16.87 vs. price of zł15.10 (10.5% below fair value)
Industry Position: 266.9% above the Interactive Media median (#285 of 335)
No single metric tells the full story. See the WAR:ULG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ultimate Games SA is a Polish company that operates in the video games market. It is engaged in the production and distribution of games for desktops, mobile devices, and consoles. It develops games on fishing, hunting, and hobby including Ultimate fishing simulator, Pro 2018 Fishing, Priest, Bouncy BOB, Darkest hunters, Earthworms, and The Worst Day Ever.
91GF Score
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EV-to-FCF is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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