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Ultimate GamesWAR:ULG +2.03%90 Operating Margin % is 29.27% as of Sep. 2025, which is 9% above its 10-year median of 26.88. GuruFocus rates WAR:ULG with a GF Score™ of 90/100 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 82.25% on this metric.
Ultimate Games (WAR:ULG) 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.
Ultimate Games Operating Margin % Related Terms
Ultimate Games Operating Margin % Historical Data
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The historical data trend for Ultimate 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:ULG vs NTES, EA, TTWO: Operating Margin % Comparison
For the Electronic Gaming & Multimedia subindustry, Ultimate 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.
Ultimate Games Operating Margin % vs Interactive Media Industry
For the Interactive Media industry and Communication Services sector, Ultimate Games's Operating Margin % distribution charts can be found below:
* The bar in red indicates where Ultimate 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.
Ultimate Games's Operating Margin % for the fiscal year that ended in Dec. 2024 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.
Ultimate Games (WAR:ULG) has a Operating Margin % of 29.27% as of Sep. 2025. Operating margin is the ratio of total operating income to net sales. View historical data on Ultimate Games and its competitors. This is near median its historical median of 26.88. Over the past decade, Ultimate Games' Operating Margin % has ranged from 12.10 to 61.47. According to the industry distribution chart, Ultimate Games ranks #98 out of 552 companies in the Interactive Media industry, placing it in the top 17.8%.
Is Ultimate Games' Operating Margin % too high?
Ultimate Games' current Operating Margin % of 29.27% is near median its 10-year median of 26.88. Over the past 10 years, this metric has ranged from a low of 12.10 to a high of 61.47. The Interactive Media industry median Operating Margin % is 2.88. Ultimate Games' value of 29.27% is 916.3% above this industry median. Based on the distribution chart, Ultimate Games ranks #98 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 90/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Ultimate Games' Operating Margin % compare to NTES and EA?
According to the Interactive Media industry distribution chart, Ultimate Games ranks #98 out of 552 companies for Operating Margin %. This places Ultimate Games in the top 18% of its industry — outperforming the majority of peers. The industry median Operating Margin % is 2.88. Ultimate Games' value of 29.27% is 916.3% above this benchmark. Historically, Ultimate Games' own Operating Margin % has ranged from 12.10 to 61.47 over the past decade. While the company's 10-year median is 26.88 vs. the industry median of 2.88, 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 Operating Margin % for an Interactive Media company?
The median Operating Margin % among Interactive Media companies is 2.88, based on 552 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. Ultimate Games's current Operating Margin % of 29.27% is 916.3% 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 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 Ultimate Games and its competitors. For the Interactive Media industry, the median Operating Margin % is 2.88 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ultimate Games's current Operating Margin % is 29.27%, which is near median its own 10-year median of 26.88. 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 Operating Margin % is 29.27%, which is near median its 10-year median of 26.88 and 916.3% above the Interactive Media industry median of 2.88. Ultimate Games' overall GF Score™ is 90/100 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 Ultimate Games (WAR:ULG), the current Operating Margin % is 29.27% 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:
Operating Margin %: 29.27% (near median its 10-year median of 26.88)
GF Value™: zł16.87 vs. price of zł15.10 (10.5% below fair value)
Industry Position: 916.3% above the Interactive Media median (#98 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 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.
90GF Score
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