Ultimate Games (WAR:ULG) Net Margin %: 23.72% (As of Sep. 2025) — 16% Below Median

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WAR:ULG Ultimate Games SA WAR:ULG
91 GF Score
Price zł15.10
GF Value zł16.87
Valuation Modestly Undervalued
! 5 Warning Signs
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What is Ultimate Games Net Margin %?

Ultimate Games WAR:ULG +2.03% 91 Net Margin % is 23.72% as of Sep. 2025, which is 16% below its 10-year median of 28.17. 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 552 Interactive Media companies, Ultimate Games ranks better than 80.8% on this metric.

Net margin is calculated as Net Income divided by its Revenue. Ultimate Games's Net Income for the three months ended in Sep. 2025 was zł3.00 Mil. Ultimate Games's Revenue for the three months ended in Sep. 2025 was zł12.64 Mil. Therefore, Ultimate Games's net margin for the quarter that ended in Sep. 2025 was 23.72%.

The historical rank and industry rank for Ultimate Games's Net Margin % or its related term are showing as below:

WAR:ULG' s Net Margin % Range Over the Past 10 Years
Min: -29.25   Med: 28.17   Max: 219.89
Current: 17.6


WAR:ULG's Net Margin % is ranked better than
80.8% of 552 companies
in the Interactive Media industry
Industry Median: 1.54 vs WAR:ULG: 17.60

Ultimate Games  (WAR:ULG) Net Margin % Explanation

Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.

But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.


Ultimate Games Net Margin % Related Terms


Ultimate Games Net Margin % Historical Data

* Premium members only.

The historical data trend for Ultimate Games's Net 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.

Ultimate Games Net Margin % Chart

Ultimate Games Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Net Margin %
Get a 7-Day Free Trial 219.89 28.17 -29.25 -15.85 11.39

Ultimate Games Quarterly Data
Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25
Net Margin % 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 12.62 2.08 22.02 17.15 23.72

WAR:ULG vs NTES, EA, TTWO: Net Margin % Comparison

For the Electronic Gaming & Multimedia subindustry, Ultimate Games's Net Margin %, along with its competitors' market caps and Net 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.


Ultimate Games Net Margin % vs Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Ultimate Games's Net Margin % distribution charts can be found below:

* The bar in red indicates where Ultimate Games's Net Margin % falls into.


WAR:ULG
91GF Score
Ultimate Games SA WAR:ULG
Net Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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Ultimate Games Net Margin % Calculation

Net margin - also known as net profit margin is the ratio of Net Income divided by net sales or Revenue, usually presented in percent.

Ultimate Games's Net Margin for the fiscal year that ended in Dec. 2024 is calculated as

Net Margin=Net Income (A: Dec. 2024 )/Revenue (A: Dec. 2024 )
=2.76/24.236
=11.39 %

Ultimate Games's Net Margin for the quarter that ended in Sep. 2025 is calculated as

Net Margin=Net Income (Q: Sep. 2025 )/Revenue (Q: Sep. 2025 )
=2.998/12.637
=23.72 %

* 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 Net Margin % →
What does a Net Margin % of 23.72% mean?
Ultimate Games (WAR:ULG) has a Net Margin % of 23.72% as of Sep. 2025. Net margin is the ratio of total net income to net sales. View historical data on Ultimate Games and its competitors. This is 16% below median its historical median of 28.17. According to the industry distribution chart, Ultimate Games ranks #106 out of 552 companies in the Interactive Media industry, placing it in the top 19.2%.
Is Ultimate Games' Net Margin % too high?
Ultimate Games' current Net Margin % of 23.72% is 16% below median its 10-year median of 28.17. The Interactive Media industry median Net Margin % is 1.54. Ultimate Games' value of 23.72% is 1440.3% above this industry median. Based on the distribution chart, Ultimate Games ranks #106 out of 552 companies in the Interactive Media industry, which is in the top quartile — a strong position 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' Net Margin % compare to NTES and EA?
According to the Interactive Media industry distribution chart, Ultimate Games ranks #106 out of 552 companies for Net Margin %. This places Ultimate Games in the top 19% of its industry — outperforming the majority of peers. The industry median Net Margin % is 1.54. Ultimate Games' value of 23.72% is 1440.3% above this benchmark. While the company's 10-year median is 28.17 vs. the industry median of 1.54, 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 Net Margin % for an Interactive Media company?
The median Net Margin % among Interactive Media companies is 1.54, based on 552 companies in the industry. Companies in the top quartile (top 25%) have a Net Margin % significantly above this median, while those in the bottom quartile fall well below. However, Net Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Ultimate Games's current Net Margin % of 23.72% is 1440.3% 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 Net Margin % mean?
A high Net Margin % can signal that a stock is expensive relative to its fundamentals. Net margin is the ratio of total net income to net sales. View historical data on Ultimate Games and its competitors. For the Interactive Media industry, the median Net Margin % is 1.54 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ultimate Games's current Net Margin % is 23.72%, which is 16% below median its own 10-year median of 28.17. 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 Net Margin % is 23.72%, which is 16% below median its 10-year median of 28.17 and 1440.3% above the Interactive Media industry median of 1.54. 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 Net Margin % calculated?
Net Margin % is calculated from a company's financial statements. For Ultimate Games (WAR:ULG), the current Net Margin % is 23.72% as of Sep. 2025. 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:

  • Net Margin %: 23.72% (16% below median its 10-year median of 28.17)
  • GF Value™: zł16.87 vs. price of zł15.10 (10.5% below fair value)
  • GF Score™: 91/100 with 5 warning signs
  • Industry Position: 1440.3% above the Interactive Media median (#106 of 552)

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 Business Description

Address ul. Marszalkowska 87/102, Warsaw, POL, 00-683
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

Get the complete analysis for WAR:ULG

Net Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

zł15.10
Price
zł16.87
GF Value