Ten Square GamesWAR:TEN -3.50%82 Gross Margin % is 83.66% as of Mar. 2026, which is 4% below its 10-year median of 86.97. GuruFocus rates WAR:TEN with a GF Score™ of 82/100 and a GF Value™ of zł85.59 (Fairly Valued). The stock has 5 warning signs investors should review. Among 497 Interactive Media companies, Ten Square Games ranks better than 70.82% on this metric.
Ten Square Games SA gross margin has been in long-term decline. The average rate of decline per year is -3%.
The historical rank and industry rank for Ten Square Games's Gross Margin % or its related term are showing as below:
WAR:TEN'
s Gross Margin % Range Over the Past 10 Years
Min: 78.38 Med: 86.97 Max: 95.6
Current: 82.76
During the past 9 years, the highestGross Margin % of Ten Square Games was 95.60%. The lowest was 78.38%. And the median was 86.97%.
WAR:TEN's Gross Margin % is ranked better than 70.82% of 497
companies
in the Interactive Media industry
Industry Median: 62.58
vs WAR:TEN: 82.76
Ten Square Games had a gross margin of 83.66% for the quarter that ended in Mar. 2026 => Durable competitive advantage
The 5-Year average Growth Rate of Gross Margin for Ten Square Games was -3.00% per year.
Ten Square Games (WAR:TEN) Gross Margin % Explanation
Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.
Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %
1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key
Ten Square Games had a gross margin of 83.66% for the quarter that ended in Mar. 2026 => Durable competitive advantage
Be Aware
If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.
Ten Square Games Gross Margin % Related Terms
Ten Square Games Gross Margin % Historical Data
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The historical data trend for Ten Square Games's Gross Margin % 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: Gross Margin % Comparison
For the Electronic Gaming & Multimedia subindustry, Ten Square Games's Gross Margin %, along with its competitors' market caps and Gross Margin % 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 Gross Margin % vs Interactive Media Industry
For the Interactive Media industry and Communication Services sector, Ten Square Games's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Ten Square Games's Gross Margin % falls into.
* 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.
A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.
Ten Square Games (WAR:TEN) has a Gross Margin % of 83.66% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Ten Square Games and its competitors. This is near median its historical median of 86.97. Over the past decade, Ten Square Games' Gross Margin % has ranged from 78.38 to 95.60. According to the industry distribution chart, Ten Square Games ranks #145 out of 497 companies in the Interactive Media industry, placing it in the top 29.2%.
Is Ten Square Games' Gross Margin % too high?
Ten Square Games' current Gross Margin % of 83.66% is near median its 10-year median of 86.97. Over the past 10 years, this metric has ranged from a low of 78.38 to a high of 95.60. The Interactive Media industry median Gross Margin % is 62.58. Ten Square Games' value of 83.66% is 33.7% above this industry median. Based on the distribution chart, Ten Square Games ranks #145 out of 497 companies in the Interactive Media industry, which is above the industry midpoint. 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' Gross Margin % compare to NTES and EA?
According to the Interactive Media industry distribution chart, Ten Square Games ranks #145 out of 497 companies for Gross Margin %. This puts Ten Square Games in the upper half of its industry. The industry median Gross Margin % is 62.58. Ten Square Games' value of 83.66% is 33.7% above this benchmark. Historically, Ten Square Games' own Gross Margin % has ranged from 78.38 to 95.60 over the past decade. While the company's 10-year median is 86.97 vs. the industry median of 62.58, Ten Square 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 Gross Margin % for an Interactive Media company?
The median Gross Margin % among Interactive Media companies is 62.58, based on 497 companies in the industry. Companies in the top quartile (top 25%) have a Gross Margin % significantly above this median, while those in the bottom quartile fall well below. However, Gross Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Ten Square Games's current Gross Margin % of 83.66% is 33.7% 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 Gross Margin % mean?
A high Gross Margin % can signal that a stock is expensive relative to its fundamentals. Gross margin is the ratio of total gross profit to net sales. View historical data on Ten Square Games and its competitors. For the Interactive Media industry, the median Gross Margin % is 62.58 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ten Square Games's current Gross Margin % is 83.66%, which is near median its own 10-year median of 86.97. 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 Gross Margin % is 83.66%, which is near median its 10-year median of 86.97 and 33.7% above the Interactive Media industry median of 62.58. 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 Gross Margin % calculated?
Gross Margin % is calculated from a company's financial statements. For Ten Square Games (WAR:TEN), the current Gross Margin % is 83.66% as of Mar. 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:
Gross Margin %: 83.66% (near median its 10-year median of 86.97)
GF Value™: zł85.59 vs. price of zł91.00 (6.3% above fair value)
Industry Position: 33.7% above the Interactive Media median (#145 of 497)
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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