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Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
BTC StudiosWAR:BTC 5 Return-on-Tangible-Asset is -3,320.00% as of Dec. 2025. GuruFocus rates WAR:BTC with a GF Score™ of 5/100 and a GF Value™ of zł0.05 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 564 Interactive Media companies, BTC Studios ranks worse than 99.11% on this metric.
Return-on-Tangible-Asset is calculated as Net Income divided by its average total tangible assets. Total tangible assets equals to Total Assets minus Intangible Assets. BTC Studios's annualizedNet Income for the quarter that ended in Dec. 2025 was zł-0.33 Mil. BTC Studios's average total tangible assets for the quarter that ended in Dec. 2025 was zł0.01 Mil. Therefore, BTC Studios's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2025 was -3,320.00%.
The historical rank and industry rank for BTC Studios's Return-on-Tangible-Asset or its related term are showing as below:
WAR:BTC'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -1054.74 Med: -51.23 Max: 7.28
Current: -1054.74
During the past 13 years, BTC Studios's highest Return-on-Tangible-Asset was 7.28%. The lowest was -1054.74%. And the median was -51.23%.
WAR:BTC's Return-on-Tangible-Asset is ranked worse than 99.11% of 564
companies
in the Interactive Media industry
Industry Median: 0.72
vs WAR:BTC: -1054.74
Return-on-Tangible-Asset measures the rate of return on the average total tangible assets (total assets minus intangible assets). Tangible means physical in nature. Intangible Assets are assets that are not physical in nature, and typically "derive their value from legal or intellectual rights." Return-on-Tangible-Asset measures a firm's efficiency at generating profits from its tangible assets. It shows how well a company uses what it has to generate earnings. Return-on-Tangible-Assets can vary drastically across industries. Therefore, Return-on-Tangible-Asset should not be used to compare companies in different industries.
Be Aware
Like ROE and ROA, Return-on-Tangible-Asset is calculated with only 12 months data. Fluctuations in the companys earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. Return-on-Tangible-Asset can be affected by events such as stock buyback or issuance, and by a companys tax rate and its interest payment. Return-on-Tangible-Asset may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high Return-on-Tangible-Asset may indicate vulnerability in the durability of the competitive advantage.
BTC Studios Return-on-Tangible-Asset Related Terms
BTC Studios Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for BTC Studios's Return-on-Tangible-Asset 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:BTC vs NTES, EA, TTWO: Return-on-Tangible-Asset Comparison
For the Electronic Gaming & Multimedia subindustry, BTC Studios's Return-on-Tangible-Asset, along with its competitors' market caps and Return-on-Tangible-Asset 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.
BTC Studios Return-on-Tangible-Asset vs Interactive Media Industry
For the Interactive Media industry and Communication Services sector, BTC Studios's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where BTC Studios's Return-on-Tangible-Asset falls into.
* 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.
In the calculation of annual Return-on-Tangible-Asset, the net income of the last fiscal year and the average total tangible assets over the fiscal year are used. In calculating the quarterly data,
the Net Income data used here is four times the quarterly (Dec. 2025) net income data.
What does a Return-on-Tangible-Asset of -3,320.00% mean?
BTC Studios (WAR:BTC) has a Return-on-Tangible-Asset of -3,320.00% as of Dec. 2025. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on BTC Studios and its competitors. According to the industry distribution chart, BTC Studios ranks #559 out of 564 companies in the Interactive Media industry, placing it in the top 99.1%.
Is BTC Studios' Return-on-Tangible-Asset too high?
BTC Studios' current Return-on-Tangible-Asset is -3,320.00%. Based on the distribution chart, BTC Studios ranks #559 out of 564 companies in the Interactive Media industry, which is in the bottom quartile relative to peers. Overall, BTC Studios has a GF Score™ of 5/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does BTC Studios' Return-on-Tangible-Asset compare to NTES and EA?
According to the Interactive Media industry distribution chart, BTC Studios ranks #559 out of 564 companies for Return-on-Tangible-Asset. This places BTC Studios in the lower half of its industry. The industry median Return-on-Tangible-Asset is 0.72. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Return-on-Tangible-Asset for an Interactive Media company?
The median Return-on-Tangible-Asset among Interactive Media companies is 0.72, based on 564 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Asset significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Return-on-Tangible-Asset mean?
A high Return-on-Tangible-Asset can signal that a stock is expensive relative to its fundamentals. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on BTC Studios and its competitors. For the Interactive Media industry, the median Return-on-Tangible-Asset is 0.72 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. BTC Studios's current Return-on-Tangible-Asset is -3,320.00%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is BTC Studios stock overvalued right now?
Based on GuruFocus' analysis, BTC Studios (WAR:BTC) is currently considered Significantly Overvalued. The stock's GF Value™ is zł0.05, compared to a current price of zł0.13 — trading 160% above its estimated fair value. The current Return-on-Tangible-Asset is -3,320.00%. BTC Studios' overall GF Score™ is 5/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Asset calculated?
Return-on-Tangible-Asset is calculated from a company's financial statements. For BTC Studios (WAR:BTC), the current Return-on-Tangible-Asset is -3,320.00% as of Dec. 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 BTC Studios (WAR:BTC) Overvalued in 2026?
Based on GuruFocus' analysis, BTC Studios stock appears to be overvalued.
The current stock price of zł0.13 is trading 160% above its estimated GF Value™ of zł0.05.
GuruFocus considers BTC Studios to be Significantly Overvalued.
Key valuation signals for WAR:BTC:
Return-on-Tangible-Asset: -3,320.00%
GF Value™: zł0.05 vs. price of zł0.13 (160% above fair value)
No single metric tells the full story. See the WAR:BTC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
BTC Studios SA is a game development company. Its portfolio of games include Taffy: Feed the Kitty; Sadie Sparks Magic Match; and Pirates Next Door: The Mad Chase.
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Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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