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Games OperatorsWAR:GOP -4.29%97 Return-on-Tangible-Asset is 22.71% as of Mar. 2026, which is 59% above its 10-year median of 14.24. GuruFocus rates WAR:GOP with a GF Score™ of 97/100 and a GF Value™ of zł14.70 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 569 Interactive Media companies, Games Operators ranks better than 82.6% 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. Games Operators's annualizedNet Income for the quarter that ended in Mar. 2026 was zł6.54 Mil. Games Operators's average total tangible assets for the quarter that ended in Mar. 2026 was zł28.78 Mil. Therefore, Games Operators's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 22.71%.
The historical rank and industry rank for Games Operators's Return-on-Tangible-Asset or its related term are showing as below:
WAR:GOP'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -500 Med: 14.24 Max: 132.8
Current: 14.58
During the past 10 years, Games Operators's highest Return-on-Tangible-Asset was 132.80%. The lowest was -500.00%. And the median was 14.24%.
WAR:GOP's Return-on-Tangible-Asset is ranked better than 82.6% of 569
companies
in the Interactive Media industry
Industry Median: 0.69
vs WAR:GOP: 14.58
Games Operators (WAR:GOP) Return-on-Tangible-Asset Explanation
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.
Games Operators Return-on-Tangible-Asset Related Terms
Games Operators Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Games Operators'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:GOP vs NTES, EA, TTWO: Return-on-Tangible-Asset Comparison
For the Electronic Gaming & Multimedia subindustry, Games Operators'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.
Games Operators Return-on-Tangible-Asset vs Interactive Media Industry
For the Interactive Media industry and Communication Services sector, Games Operators's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Games Operators'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 (Mar. 2026) net income data.
What does a Return-on-Tangible-Asset of 22.71% mean?
Games Operators (WAR:GOP) has a Return-on-Tangible-Asset of 22.71% as of Mar. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Games Operators and its competitors. This is 59% above median its historical median of 14.24. According to the industry distribution chart, Games Operators ranks #99 out of 569 companies in the Interactive Media industry, placing it in the top 17.4%.
Is Games Operators' Return-on-Tangible-Asset too high?
Games Operators' current Return-on-Tangible-Asset of 22.71% is 59% above median its 10-year median of 14.24. The Interactive Media industry median Return-on-Tangible-Asset is 0.69. Games Operators' value of 22.71% is 3191.3% above this industry median. Based on the distribution chart, Games Operators ranks #99 out of 569 companies in the Interactive Media industry, which is in the top quartile — a strong position relative to peers. Overall, Games Operators has a GF Score™ of 97/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Games Operators' Return-on-Tangible-Asset compare to NTES and EA?
According to the Interactive Media industry distribution chart, Games Operators ranks #99 out of 569 companies for Return-on-Tangible-Asset. This places Games Operators in the top 17% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 0.69. Games Operators' value of 22.71% is 3191.3% above this benchmark. While the company's 10-year median is 14.24 vs. the industry median of 0.69, Games Operators 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 Return-on-Tangible-Asset for an Interactive Media company?
The median Return-on-Tangible-Asset among Interactive Media companies is 0.69, based on 569 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. Games Operators's current Return-on-Tangible-Asset of 22.71% is 3191.3% 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 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 Games Operators and its competitors. For the Interactive Media industry, the median Return-on-Tangible-Asset is 0.69 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Games Operators's current Return-on-Tangible-Asset is 22.71%, which is 59% above median its own 10-year median of 14.24. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Games Operators stock overvalued right now?
Based on GuruFocus' analysis, Games Operators (WAR:GOP) is currently considered Modestly Undervalued. The stock's GF Value™ is zł14.70, compared to a current price of zł11.15 — trading 24.1% below its estimated fair value. The current Return-on-Tangible-Asset is 22.71%, which is 59% above median its 10-year median of 14.24 and 3191.3% above the Interactive Media industry median of 0.69. Games Operators' overall GF Score™ is 97/100 with 6 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 Games Operators (WAR:GOP), the current Return-on-Tangible-Asset is 22.71% 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 Games Operators (WAR:GOP) Overvalued in 2026?
Based on GuruFocus' analysis, Games Operators stock appears to be undervalued.
The current stock price of zł11.15 is trading 24.1% below its estimated GF Value™ of zł14.70.
GuruFocus considers Games Operators to be Modestly Undervalued.
Key valuation signals for WAR:GOP:
Return-on-Tangible-Asset: 22.71% (59% above median its 10-year median of 14.24)
GF Value™: zł14.70 vs. price of zł11.15 (24.1% below fair value)
Industry Position: 3191.3% above the Interactive Media median (#99 of 569)
No single metric tells the full story. See the WAR:GOP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Games Operators SA is a publishing company that produces, distributes and sells pay-to-play games in United States, EU (especially England, France, Germany) and China markets. The company sells its games through online sales platforms such as Steam, Google Play, App Store, Nintendo eShop.
97GF Score
Get the complete analysis for WAR:GOP
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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