True Games Syndicate (WAR:TGS) PB Ratio: 2.49 (As of Jun. 26, 2026) — 171% Above Median


WAR:TGS True Games Syndicate SA WAR:TGS
13 GF Score
Price zł0.23
! 3 Warning Signs
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What is True Games Syndicate PB Ratio?

True Games Syndicate WAR:TGS -0.43% 13 PB Ratio is 2.49 as of Jun. 26, 2026, which is 171% above its 10-year median of 0.92. GuruFocus rates WAR:TGS with a GF Score™ of 13/100. The stock has 3 warning signs investors should review. Among 513 Interactive Media companies, True Games Syndicate ranks worse than 64.72% 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 (2026-06-26), True Games Syndicate's share price is zł0.234. True Games Syndicate's Book Value per Share for the quarter that ended in Mar. 2026 was zł0.09. Hence, True Games Syndicate's PB Ratio of today is 2.49.

The historical rank and industry rank for True Games Syndicate's PB Ratio or its related term are showing as below:

WAR:TGS' s PB Ratio Range Over the Past 10 Years
Min: 0.4   Med: 0.92   Max: 31.99
Current: 2.49

During the past 13 years, True Games Syndicate's highest PB Ratio was 31.99. The lowest was 0.40. And the median was 0.92.

WAR:TGS's PB Ratio is ranked worse than
64.72% of 513 companies
in the Interactive Media industry
Industry Median: 1.67 vs WAR:TGS: 2.49

During the past 12 months, True Games Syndicate's average Book Value Per Share Growth Rate was -64.10% per year. During the past 3 years, the average Book Value Per Share Growth Rate was -42.10% per year. During the past 5 years, the average Book Value Per Share Growth Rate was 35.00% per year. During the past 10 years, the average Book Value Per Share Growth Rate was 10.20% per year.

During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of True Games Syndicate was 121.70% per year. The lowest was -42.10% per year. And the median was -2.90% per year.

Back to Basics: PB Ratio


True Games Syndicate  (WAR:TGS) PB Ratio Explanation

Unlike valuation ratios relative to the earning power such as PE Ratio, PE Ratio without NRI, PS Ratio, Price-to-Operating-Cash-Flow , or Price-to-Free-Cash-Flow, the PB Ratio measures the valuation of the stock relative to the underlying asset of the company.

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.


True Games Syndicate PB Ratio Related Terms


True Games Syndicate PB Ratio Historical Data

* Premium members only.

The historical data trend for True Games Syndicate'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.

True Games Syndicate PB Ratio Chart

True Games Syndicate Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 23.51 0.41 0.76 1.44 2.04

True Games Syndicate Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
PB Ratio 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 2.05 2.16 1.79 2.04 2.86

WAR:TGS vs NTES, EA, TTWO: PB Ratio Comparison

For the Electronic Gaming & Multimedia subindustry, True Games Syndicate'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.


True Games Syndicate PB Ratio vs Interactive Media Industry

For the Interactive Media industry and Communication Services sector, True Games Syndicate's PB Ratio distribution charts can be found below:

* The bar in red indicates where True Games Syndicate's PB Ratio falls into.


WAR:TGS
13GF Score
True Games Syndicate SA WAR:TGS
PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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True Games Syndicate PB Ratio Calculation

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.

True Games Syndicate's PB Ratio for today is calculated as follows:

PB Ratio=Share Price/Book Value per Share (Q: Mar. 2026)
=0.234/0.094
=2.49

* 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.

Frequently Asked Questions Learn more about PB Ratio →
What does a PB Ratio of 2.49 mean?
True Games Syndicate (WAR:TGS) has a PB Ratio of 2.49 as of Jun. 26, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on True Games Syndicate and its competitors. This is 171% above median its historical median of 0.92. Over the past decade, True Games Syndicate's PB Ratio has ranged from 0.40 to 31.99. According to the industry distribution chart, True Games Syndicate ranks #332 out of 513 companies in the Interactive Media industry, placing it in the top 64.7%.
Is True Games Syndicate's PB Ratio too high?
True Games Syndicate's current PB Ratio of 2.49 is 171% above median its 10-year median of 0.92. Over the past 10 years, this metric has ranged from a low of 0.40 to a high of 31.99. The Interactive Media industry median PB Ratio is 1.67. True Games Syndicate's value of 2.49 is 49.1% above this industry median. Based on the distribution chart, True Games Syndicate ranks #332 out of 513 companies in the Interactive Media industry, which is below the industry midpoint. Overall, True Games Syndicate has a GF Score™ of 13/100, reflecting its overall financial health beyond just this single metric.
How does True Games Syndicate's PB Ratio compare to NTES and EA?
According to the Interactive Media industry distribution chart, True Games Syndicate ranks #332 out of 513 companies for PB Ratio. This places True Games Syndicate in the lower half of its industry. The industry median PB Ratio is 1.67. True Games Syndicate's value of 2.49 is 49.1% above this benchmark. Historically, True Games Syndicate's own PB Ratio has ranged from 0.40 to 31.99 over the past decade. While the company's 10-year median is 0.92 vs. the industry median of 1.67, True Games Syndicate 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 1.67, based on 513 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. True Games Syndicate's current PB Ratio of 2.49 is 49.1% 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 True Games Syndicate and its competitors. For the Interactive Media industry, the median PB Ratio is 1.67 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. True Games Syndicate's current PB Ratio is 2.49, which is 171% above median its own 10-year median of 0.92. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is True Games Syndicate stock overvalued right now?
True Games Syndicate (WAR:TGS) has a current PB Ratio of 2.49. The current PB Ratio is 2.49, which is 171% above median its 10-year median of 0.92 and 49.1% above the Interactive Media industry median of 1.67. True Games Syndicate's overall GF Score™ is 13/100 with 3 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 True Games Syndicate (WAR:TGS), the current PB Ratio is 2.49 as of Jun. 26, 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.

True Games Syndicate Business Description

Address Wernyhory 29a, Warsaw, POL, 02-727
True Games Syndicate SA is a gaming company. The goal of the company is to create a gaming brand related to criminal culture and to produce games showing life on the edge of the law.
13GF Score

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

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