True Games Syndicate (WAR:TGS) Return-on-Tangible-Asset: -57,600.00% (As of Mar. 2026)

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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.

WAR:TGS True Games Syndicate SA WAR:TGS
15 GF Score
Price zł0.19
! 3 Warning Signs
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What is True Games Syndicate Return-on-Tangible-Asset?

True Games Syndicate WAR:TGS -2.63% 15 Return-on-Tangible-Asset is -57,600.00% as of Mar. 2026. GuruFocus rates WAR:TGS with a GF Score™ of 15/100. The stock has 3 warning signs investors should review. Among 569 Interactive Media companies, True Games Syndicate ranks worse than 100% 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. True Games Syndicate's annualized Net Income for the quarter that ended in Mar. 2026 was zł-3.17 Mil. True Games Syndicate's average total tangible assets for the quarter that ended in Mar. 2026 was zł0.01 Mil. Therefore, True Games Syndicate's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was -57,600.00%.

The historical rank and industry rank for True Games Syndicate's Return-on-Tangible-Asset or its related term are showing as below:

WAR:TGS' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -55000   Med: -39.6   Max: -0.35
Current: -55000

During the past 13 years, True Games Syndicate's highest Return-on-Tangible-Asset was -0.35%. The lowest was -55000.00%. And the median was -39.60%.

WAR:TGS's Return-on-Tangible-Asset is ranked worse than
100% of 569 companies
in the Interactive Media industry
Industry Median: 0.69 vs WAR:TGS: -55000.00

True Games Syndicate  (WAR:TGS) 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 company’s 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 company’s 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.


True Games Syndicate Return-on-Tangible-Asset Related Terms


True Games Syndicate Return-on-Tangible-Asset Historical Data

* Premium members only.

The historical data trend for True Games Syndicate'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.

True Games Syndicate Return-on-Tangible-Asset Chart

True Games Syndicate Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Return-on-Tangible-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only -50.60 -579.04 -1,179.42 -8,357.30 -20,800.00

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
Return-on-Tangible-Asset 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 -16,923.08 -44,266.67 -100,266.67 -93,257.14 -57,600.00

WAR:TGS vs NTES, EA, TTWO: Return-on-Tangible-Asset Comparison

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


True Games Syndicate Return-on-Tangible-Asset vs Interactive Media Industry

For the Interactive Media industry and Communication Services sector, True Games Syndicate's Return-on-Tangible-Asset distribution charts can be found below:

* The bar in red indicates where True Games Syndicate's Return-on-Tangible-Asset falls into.


WAR:TGS
15GF Score
True Games Syndicate SA WAR:TGS
Return-on-Tangible-Asset is just one metric. See GF Score™, valuation, warning signs, and more.
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True Games Syndicate Return-on-Tangible-Asset Calculation

True Games Syndicate's annualized Return-on-Tangible-Asset for the fiscal year that ended in Dec. 2025 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=-3.224/( (0.027000000000001+0.0040000000000004)/ 2 )
=-3.224/0.015500000000001
=-20,800.00 %

True Games Syndicate's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=-3.168/( (0.0040000000000004+0.0069999999999997)/ 2 )
=-3.168/0.0055000000000001
=-57,600.00 %

* 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 -57,600.00% mean?
True Games Syndicate (WAR:TGS) has a Return-on-Tangible-Asset of -57,600.00% 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 True Games Syndicate and its competitors. According to the industry distribution chart, True Games Syndicate ranks #569 out of 569 companies in the Interactive Media industry.
Is True Games Syndicate's Return-on-Tangible-Asset too high?
True Games Syndicate's current Return-on-Tangible-Asset is -57,600.00%. Based on the distribution chart, True Games Syndicate ranks #569 out of 569 companies in the Interactive Media industry, which is in the bottom quartile relative to peers. Overall, True Games Syndicate has a GF Score™ of 15/100, reflecting its overall financial health beyond just this single metric.
How does True Games Syndicate's Return-on-Tangible-Asset compare to NTES and EA?
According to the Interactive Media industry distribution chart, True Games Syndicate ranks #569 out of 569 companies for Return-on-Tangible-Asset. This places True Games Syndicate in the lower half of its industry. The industry median Return-on-Tangible-Asset is 0.69. 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. 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 True Games Syndicate 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. True Games Syndicate's current Return-on-Tangible-Asset is -57,600.00%. 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 Return-on-Tangible-Asset of -57,600.00%. The current Return-on-Tangible-Asset is -57,600.00%. True Games Syndicate's overall GF Score™ is 15/100 with 3 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 True Games Syndicate (WAR:TGS), the current Return-on-Tangible-Asset is -57,600.00% 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.

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.
15GF Score

Get the complete analysis for WAR:TGS

Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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