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Ultimate GamesWAR:ULG +0.72%91 Return-on-Tangible-Asset is 35.74% as of Sep. 2025, which is 213% above its 10-year median of 11.41. GuruFocus rates WAR:ULG with a GF Score™ of 91/100 and a GF Value™ of zł16.90 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 564 Interactive Media companies, Ultimate Games ranks better than 87.77% 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. Ultimate Games's annualizedNet Income for the quarter that ended in Sep. 2025 was zł11.99 Mil. Ultimate Games's average total tangible assets for the quarter that ended in Sep. 2025 was zł33.56 Mil. Therefore, Ultimate Games's annualized Return-on-Tangible-Asset for the quarter that ended in Sep. 2025 was 35.74%.
The historical rank and industry rank for Ultimate Games's Return-on-Tangible-Asset or its related term are showing as below:
WAR:ULG'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -16.72 Med: 11.41 Max: 101.26
Current: 20.44
During the past 8 years, Ultimate Games's highest Return-on-Tangible-Asset was 101.26%. The lowest was -16.72%. And the median was 11.41%.
WAR:ULG's Return-on-Tangible-Asset is ranked better than 87.77% of 564
companies
in the Interactive Media industry
Industry Median: 0.765
vs WAR:ULG: 20.44
Ultimate Games (WAR:ULG) 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.
Ultimate Games Return-on-Tangible-Asset Related Terms
Ultimate Games Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Ultimate Games'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:ULG vs NTES, EA, TTWO: Return-on-Tangible-Asset Comparison
For the Electronic Gaming & Multimedia subindustry, Ultimate Games'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.
Ultimate Games Return-on-Tangible-Asset vs Interactive Media Industry
For the Interactive Media industry and Communication Services sector, Ultimate Games's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Ultimate Games'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 (Sep. 2025) net income data.
What does a Return-on-Tangible-Asset of 35.74% mean?
Ultimate Games (WAR:ULG) has a Return-on-Tangible-Asset of 35.74% as of Sep. 2025. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Ultimate Games and its competitors. This is 213% above median its historical median of 11.41. According to the industry distribution chart, Ultimate Games ranks #69 out of 564 companies in the Interactive Media industry, placing it in the top 12.2%.
Is Ultimate Games' Return-on-Tangible-Asset too high?
Ultimate Games' current Return-on-Tangible-Asset of 35.74% is 213% above median its 10-year median of 11.41. The Interactive Media industry median Return-on-Tangible-Asset is 0.77. Ultimate Games' value of 35.74% is 4571.9% above this industry median. Based on the distribution chart, Ultimate Games ranks #69 out of 564 companies in the Interactive Media industry, which is in the top quartile — a strong position relative to peers. Overall, Ultimate Games has a GF Score™ of 91/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Ultimate Games' Return-on-Tangible-Asset compare to NTES and EA?
According to the Interactive Media industry distribution chart, Ultimate Games ranks #69 out of 564 companies for Return-on-Tangible-Asset. This places Ultimate Games in the top 12% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 0.77. Ultimate Games' value of 35.74% is 4571.9% above this benchmark. While the company's 10-year median is 11.41 vs. the industry median of 0.77, Ultimate 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 Return-on-Tangible-Asset for an Interactive Media company?
The median Return-on-Tangible-Asset among Interactive Media companies is 0.77, 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. Ultimate Games's current Return-on-Tangible-Asset of 35.74% is 4571.9% 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 Ultimate Games and its competitors. For the Interactive Media industry, the median Return-on-Tangible-Asset is 0.77 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ultimate Games's current Return-on-Tangible-Asset is 35.74%, which is 213% above median its own 10-year median of 11.41. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ultimate Games stock overvalued right now?
Based on GuruFocus' analysis, Ultimate Games (WAR:ULG) is currently considered Modestly Undervalued. The stock's GF Value™ is zł16.90, compared to a current price of zł14.00 — trading 17.2% below its estimated fair value. The current Return-on-Tangible-Asset is 35.74%, which is 213% above median its 10-year median of 11.41 and 4571.9% above the Interactive Media industry median of 0.77. Ultimate Games' overall GF Score™ is 91/100 with 4 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 Ultimate Games (WAR:ULG), the current Return-on-Tangible-Asset is 35.74% as of Sep. 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 Ultimate Games (WAR:ULG) Overvalued in 2026?
Based on GuruFocus' analysis, Ultimate Games stock appears to be undervalued.
The current stock price of zł14.00 is trading 17.2% below its estimated GF Value™ of zł16.90.
GuruFocus considers Ultimate Games to be Modestly Undervalued.
Key valuation signals for WAR:ULG:
Return-on-Tangible-Asset: 35.74% (213% above median its 10-year median of 11.41)
GF Value™: zł16.90 vs. price of zł14.00 (17.2% below fair value)
Industry Position: 4571.9% above the Interactive Media median (#69 of 564)
No single metric tells the full story. See the WAR:ULG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ultimate Games SA is a Polish company that operates in the video games market. It is engaged in the production and distribution of games for desktops, mobile devices, and consoles. It develops games on fishing, hunting, and hobby including Ultimate fishing simulator, Pro 2018 Fishing, Priest, Bouncy BOB, Darkest hunters, Earthworms, and The Worst Day Ever.
91GF Score
Get the complete analysis for WAR:ULG
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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