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Ten Square GamesWAR:TEN -0.78%84 PB Ratio is 2.37 as of Jul. 18, 2026, which is 25% below its 10-year median of 3.18. GuruFocus rates WAR:TEN with a GF Score™ of 84/100 and a GF Value™ of zł86.10 (Fairly Valued). The stock has 5 warning signs investors should review. Among 514 Interactive Media companies, Ten Square Games ranks worse than 63.04% on this metric.
The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. As of today (2026-07-18), Ten Square Games's share price is zł88.50. Ten Square Games's Book Value per Share for the quarter that ended in Mar. 2026 was zł37.42. Hence, Ten Square Games's PB Ratio of today is 2.37.
Good Sign:
Ten Square Games SA stock PB Ratio (=2.33) is close to 1-year low of 2.33.
The historical rank and industry rank for Ten Square Games's PB Ratio or its related term are showing as below:
WAR:TEN'
s PB Ratio Range Over the Past 10 Years
Min: 1.64 Med: 3.18 Max: 56.7
Current: 2.33
During the past 9 years, Ten Square Games's highest PB Ratio was 56.70. The lowest was 1.64. And the median was 3.18.
WAR:TEN's PB Ratio is ranked worse than 63.04% of 514
companies
in the Interactive Media industry
Industry Median: 1.73
vs WAR:TEN: 2.33
During the past 12 months, Ten Square Games's average Book Value Per Share Growth Rate was -10.90% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was -9.30% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was -1.60% per year.
During the past 9 years, the highest 3-Year average Book Value Per Share Growth Rate of Ten Square Games was 173.10% per year. The lowest was -9.30% per year. And the median was 30.25% per year.
The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.
Be Aware
Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.
Ten Square Games PB Ratio Related Terms
Ten Square Games PB Ratio Historical Data
* Premium members only.
The historical data trend for Ten Square Games's PB Ratio 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, Ten Square Games's PB Ratio, along with its competitors' market caps and PB Ratio 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 PB Ratio vs Interactive Media Industry
For the Interactive Media industry and Communication Services sector, Ten Square Games's PB Ratio distribution charts can be found below:
* The bar in red indicates where Ten Square Games's PB Ratio falls into.
The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.
* 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.
It can also be calculated from the numbers for the whole company:
A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.
Ten Square Games (WAR:TEN) has a PB Ratio of 2.37 as of Jul. 18, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Ten Square Games and its competitors. This is 25% below median its historical median of 3.18. Over the past decade, Ten Square Games' PB Ratio has ranged from 1.64 to 56.70. According to the industry distribution chart, Ten Square Games ranks #324 out of 514 companies in the Interactive Media industry, placing it in the top 63%.
Is Ten Square Games' PB Ratio too high?
Ten Square Games' current PB Ratio of 2.37 is 25% below median its 10-year median of 3.18. Over the past 10 years, this metric has ranged from a low of 1.64 to a high of 56.70. The Interactive Media industry median PB Ratio is 1.73. Ten Square Games' value of 2.37 is 37% above this industry median. Based on the distribution chart, Ten Square Games ranks #324 out of 514 companies in the Interactive Media industry, which is below the industry midpoint. Overall, Ten Square Games has a GF Score™ of 84/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Ten Square Games' PB Ratio compare to NTES and EA?
According to the Interactive Media industry distribution chart, Ten Square Games ranks #324 out of 514 companies for PB Ratio. This places Ten Square Games in the lower half of its industry. The industry median PB Ratio is 1.73. Ten Square Games' value of 2.37 is 37% above this benchmark. Historically, Ten Square Games' own PB Ratio has ranged from 1.64 to 56.70 over the past decade. While the company's 10-year median is 3.18 vs. the industry median of 1.73, 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 PB Ratio for an Interactive Media company?
The median PB Ratio among Interactive Media companies is 1.73, based on 514 companies in the industry. Companies in the top quartile (top 25%) have a PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Ten Square Games's current PB Ratio of 2.37 is 37% 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 PB Ratio mean?
A high PB Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Ten Square Games and its competitors. For the Interactive Media industry, the median PB Ratio is 1.73 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ten Square Games's current PB Ratio is 2.37, which is 25% below median its own 10-year median of 3.18. 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 zł86.10, compared to a current price of zł88.50 — trading 2.8% above its estimated fair value. The current PB Ratio is 2.37, which is 25% below median its 10-year median of 3.18 and 37% above the Interactive Media industry median of 1.73. 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 PB Ratio calculated?
PB Ratio is calculated from a company's financial statements. For Ten Square Games (WAR:TEN), the current PB Ratio is 2.37 as of Jul. 18, 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 zł88.50 is trading 2.8% above its estimated GF Value™ of zł86.10.
GuruFocus considers Ten Square Games to be Fairly Valued.
Key valuation signals for WAR:TEN:
PB Ratio: 2.37 (25% below median its 10-year median of 3.18)
GF Value™: zł86.10 vs. price of zł88.50 (2.8% above fair value)
Industry Position: 37% above the Interactive Media median (#324 of 514)
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
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