Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. Modern Times Group MTG AB's annualized net income for the quarter that ended in Mar. 2026 was €51 Mil. Modern Times Group MTG AB's average shareholder tangible equity for the quarter that ended in Mar. 2026 was €-447 Mil. Therefore, Modern Times Group MTG AB's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was Negative Tangible Equity%.
The historical rank and industry rank for Modern Times Group MTG AB's Return-on-Tangible-Equity or its related term are showing as below:
FRA:MRTA'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -17.17 Med: -0.76 Max: 15.66
Current: Negative Tangible Equity
During the past 13 years, Modern Times Group MTG AB's highest Return-on-Tangible-Equity was 15.66%. The lowest was -17.17%. And the median was -0.76%.
FRA:MRTA's Return-on-Tangible-Equity is ranked better than 99.59% of 491
companies
in the Interactive Media industry
Industry Median: 5.8
vs FRA:MRTA: Negative Tangible Equity
Modern Times Group MTG AB (FRA:MRTA) Return-on-Tangible-Equity Explanation
Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.
Be Aware
Net Income is used.
Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.
Modern Times Group MTG AB Return-on-Tangible-Equity Related Terms
Modern Times Group MTG AB Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Modern Times Group MTG AB's Return-on-Tangible-Equity 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.
Modern Times Group MTG AB Return-on-Tangible-Equity Chart
FRA:MRTA vs NTES, EA, TTWO: Return-on-Tangible-Equity Comparison
For the Electronic Gaming & Multimedia subindustry, Modern Times Group MTG AB's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity 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.
Modern Times Group MTG AB Return-on-Tangible-Equity vs Interactive Media Industry
For the Interactive Media industry and Communication Services sector, Modern Times Group MTG AB's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Modern Times Group MTG AB's Return-on-Tangible-Equity 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-Equity, the net income of the last fiscal year and the average total shareholder tangible equity 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.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of Negative Tangible Equity% mean?
Modern Times Group MTG AB (FRA:MRTA) has a Return-on-Tangible-Equity of Negative Tangible Equity% as of Mar. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Modern Times Group MTG AB and its competitors. According to the industry distribution chart, Modern Times Group MTG AB ranks #2 out of 491 companies in the Interactive Media industry, placing it in the top 0.40000000000001%.
Is Modern Times Group MTG AB's Return-on-Tangible-Equity too high?
Modern Times Group MTG AB's current Return-on-Tangible-Equity is Negative Tangible Equity%. Based on the distribution chart, Modern Times Group MTG AB ranks #2 out of 491 companies in the Interactive Media industry, which is in the top quartile — a strong position relative to peers. Overall, Modern Times Group MTG AB has a GF Score™ of 74/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Modern Times Group MTG AB's Return-on-Tangible-Equity compare to NTES and EA?
According to the Interactive Media industry distribution chart, Modern Times Group MTG AB ranks #2 out of 491 companies for Return-on-Tangible-Equity. This places Modern Times Group MTG AB in the top 0% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 5.80. 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-Equity for an Interactive Media company?
The median Return-on-Tangible-Equity among Interactive Media companies is 5.80, based on 491 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Equity significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Equity 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-Equity mean?
A high Return-on-Tangible-Equity can signal that a stock is expensive relative to its fundamentals. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Modern Times Group MTG AB and its competitors. For the Interactive Media industry, the median Return-on-Tangible-Equity is 5.80 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Modern Times Group MTG AB's current Return-on-Tangible-Equity is Negative Tangible Equity%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Modern Times Group MTG AB stock overvalued right now?
Based on GuruFocus' analysis, Modern Times Group MTG AB (FRA:MRTA) is currently considered Modestly Undervalued. The stock's GF Value™ is €15.59, compared to a current price of €11.16 — trading 28.4% below its estimated fair value. The current Return-on-Tangible-Equity is Negative Tangible Equity%. Modern Times Group MTG AB's overall GF Score™ is 74/100 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-Equity calculated?
Return-on-Tangible-Equity is calculated from a company's financial statements. For Modern Times Group MTG AB (FRA:MRTA), the current Return-on-Tangible-Equity is Negative Tangible Equity% 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 Modern Times Group MTG AB (FRA:MRTA) Overvalued in 2026?
Based on GuruFocus' analysis, Modern Times Group MTG AB stock appears to be undervalued.
The current stock price of €11.16 is trading 28.4% below its estimated GF Value™ of €15.59.
GuruFocus considers Modern Times Group MTG AB to be Modestly Undervalued.
No single metric tells the full story. See the FRA:MRTA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Modern Times Group MTG AB owns and operates gaming companies and studios with popular IPs across a wide range of casual and mid-core genres. The company's portfolio covers a wide range of evergreen gaming franchises like RAID: Shadow Legends, Forge of Empires, Top Drives, and Bloons, as well as word games like CrossWord Jam and WordTrip. Its games generate revenues through in-app purchases, advertising, and from third-party distribution platforms. It operates in a single business segment.
74GF Score
Get the complete analysis for FRA:MRTA
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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