Ten Square GamesWAR:TEN +1.76%84 Operating Margin % is 15.16% as of Mar. 2026, which is 43% below its 10-year median of 26.81. GuruFocus rates WAR:TEN with a GF Score™ of 84/100 and a GF Value™ of zł85.62 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 553 Interactive Media companies, Ten Square Games ranks better than 79.2% on this metric.
Ten Square Games (WAR:TEN) Operating Margin % Explanation
Just like Gross Margin %, it is important to see a company maintains its operating margin over time. Among the same industry, a company with higher operating margin is more efficient in its operation. It is also more stable during industry slowdown or recessions. Peter Lynch prefers those with higher margins than those with lower margins.
Be Aware
Operating Margin % can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).
If a company is facing competition, its Operating Margin % may decline. Often the Operating Margin % declines well before the company's Revenue or even profit decline. Therefore, Operating Margin % is a very important indicator of whether the company is facing problems.
For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokias Operating Margin % had already been in decline since 2002, although its Earnings per Share (Diluted) were still rising. Investors who paid attention to Operating Margin % would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).
Therefore, Operating Margin % is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.
Ten Square Games Operating Margin % Related Terms
Ten Square Games Operating Margin % Historical Data
* Premium members only.
The historical data trend for Ten Square Games's Operating 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: Operating Margin % Comparison
For the Electronic Gaming & Multimedia subindustry, Ten Square Games's Operating Margin %, along with its competitors' market caps and Operating 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 Operating Margin % vs Interactive Media Industry
For the Interactive Media industry and Communication Services sector, Ten Square Games's Operating Margin % distribution charts can be found below:
* The bar in red indicates where Ten Square Games's Operating Margin % falls into.
Operating Margin % - also known as operating income margin, operating profit margin and return on sales (ROS) - is the ratio of Operating Income divided by net sales or Revenue, usually presented in percent.
Ten Square Games's Operating Margin % 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.
Ten Square Games (WAR:TEN) has a Operating Margin % of 15.16% as of Mar. 2026. Operating margin is the ratio of total operating income to net sales. View historical data on Ten Square Games and its competitors. This is 43% below median its historical median of 26.81. Over the past decade, Ten Square Games' Operating Margin % has ranged from 20.33 to 40.19. According to the industry distribution chart, Ten Square Games ranks #115 out of 553 companies in the Interactive Media industry, placing it in the top 20.8%.
Is Ten Square Games' Operating Margin % too high?
Ten Square Games' current Operating Margin % of 15.16% is 43% below median its 10-year median of 26.81. Over the past 10 years, this metric has ranged from a low of 20.33 to a high of 40.19. The Interactive Media industry median Operating Margin % is 2.99. Ten Square Games' value of 15.16% is 407% above this industry median. Based on the distribution chart, Ten Square Games ranks #115 out of 553 companies in the Interactive Media industry, which is in the top quartile — a strong position relative to peers. Overall, Ten Square Games has a GF Score™ of 84/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ten Square Games' Operating Margin % compare to NTES and EA?
According to the Interactive Media industry distribution chart, Ten Square Games ranks #115 out of 553 companies for Operating Margin %. This places Ten Square Games in the top 21% of its industry — outperforming the majority of peers. The industry median Operating Margin % is 2.99. Ten Square Games' value of 15.16% is 407% above this benchmark. Historically, Ten Square Games' own Operating Margin % has ranged from 20.33 to 40.19 over the past decade. While the company's 10-year median is 26.81 vs. the industry median of 2.99, 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 Operating Margin % for an Interactive Media company?
The median Operating Margin % among Interactive Media companies is 2.99, based on 553 companies in the industry. Companies in the top quartile (top 25%) have a Operating Margin % significantly above this median, while those in the bottom quartile fall well below. However, Operating Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Ten Square Games's current Operating Margin % of 15.16% is 407% 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 Operating Margin % mean?
A high Operating Margin % can signal that a stock is expensive relative to its fundamentals. Operating margin is the ratio of total operating income to net sales. View historical data on Ten Square Games and its competitors. For the Interactive Media industry, the median Operating Margin % is 2.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ten Square Games's current Operating Margin % is 15.16%, which is 43% below median its own 10-year median of 26.81. 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 Modestly Overvalued. The stock's GF Value™ is zł85.62, compared to a current price of zł95.60 — trading 11.7% above its estimated fair value. The current Operating Margin % is 15.16%, which is 43% below median its 10-year median of 26.81 and 407% above the Interactive Media industry median of 2.99. Ten Square Games' overall GF Score™ is 84/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Operating Margin % calculated?
Operating Margin % is calculated from a company's financial statements. For Ten Square Games (WAR:TEN), the current Operating Margin % is 15.16% 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 zł95.60 is trading 11.7% above its estimated GF Value™ of zł85.62.
GuruFocus considers Ten Square Games to be Modestly Overvalued.
Key valuation signals for WAR:TEN:
Operating Margin %: 15.16% (43% below median its 10-year median of 26.81)
GF Value™: zł85.62 vs. price of zł95.60 (11.7% above fair value)
Industry Position: 407% above the Interactive Media median (#115 of 553)
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.
84GF Score
Get the complete analysis for WAR:TEN
Operating Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
WAR:TEN has been successfully added to your 
