Forever EntertainmentWAR:FOR -1.59%74 Return-on-Tangible-Equity is 25.80% as of Mar. 2026, which is 54% above its 10-year median of 16.80. GuruFocus rates WAR:FOR with a GF Score™ of 74/100 and a GF Value™ of zł3.19 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 491 Interactive Media companies, Forever Entertainment ranks better than 73.32% on this metric.
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. Forever Entertainment's annualized net income for the quarter that ended in Mar. 2026 was zł8.52 Mil. Forever Entertainment's average shareholder tangible equity for the quarter that ended in Mar. 2026 was zł33.03 Mil. Therefore, Forever Entertainment's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 25.80%.
The historical rank and industry rank for Forever Entertainment's Return-on-Tangible-Equity or its related term are showing as below:
WAR:FOR'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -35.34 Med: 16.8 Max: 72.51
Current: 18.99
During the past 13 years, Forever Entertainment's highest Return-on-Tangible-Equity was 72.51%. The lowest was -35.34%. And the median was 16.80%.
WAR:FOR's Return-on-Tangible-Equity is ranked better than 73.32% of 491
companies
in the Interactive Media industry
Industry Median: 5.8
vs WAR:FOR: 18.99
Forever Entertainment (WAR:FOR) 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.
Forever Entertainment Return-on-Tangible-Equity Related Terms
Forever Entertainment Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Forever Entertainment'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.
Forever Entertainment Return-on-Tangible-Equity Chart
WAR:FOR vs NTES, EA, TTWO: Return-on-Tangible-Equity Comparison
For the Electronic Gaming & Multimedia subindustry, Forever Entertainment'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.
Forever Entertainment Return-on-Tangible-Equity vs Interactive Media Industry
For the Interactive Media industry and Communication Services sector, Forever Entertainment's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Forever Entertainment'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 25.80% mean?
Forever Entertainment (WAR:FOR) has a Return-on-Tangible-Equity of 25.80% 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 Forever Entertainment and its competitors. This is 54% above median its historical median of 16.80. According to the industry distribution chart, Forever Entertainment ranks #131 out of 491 companies in the Interactive Media industry, placing it in the top 26.7%.
Is Forever Entertainment's Return-on-Tangible-Equity too high?
Forever Entertainment's current Return-on-Tangible-Equity of 25.80% is 54% above median its 10-year median of 16.80. The Interactive Media industry median Return-on-Tangible-Equity is 5.80. Forever Entertainment's value of 25.80% is 344.8% above this industry median. Based on the distribution chart, Forever Entertainment ranks #131 out of 491 companies in the Interactive Media industry, which is above the industry midpoint. Overall, Forever Entertainment has a GF Score™ of 74/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Forever Entertainment's Return-on-Tangible-Equity compare to NTES and EA?
According to the Interactive Media industry distribution chart, Forever Entertainment ranks #131 out of 491 companies for Return-on-Tangible-Equity. This puts Forever Entertainment in the upper half of its industry. The industry median Return-on-Tangible-Equity is 5.80. Forever Entertainment's value of 25.80% is 344.8% above this benchmark. While the company's 10-year median is 16.80 vs. the industry median of 5.80, Forever Entertainment 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-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. Forever Entertainment's current Return-on-Tangible-Equity of 25.80% is 344.8% 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-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 Forever Entertainment 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. Forever Entertainment's current Return-on-Tangible-Equity is 25.80%, which is 54% above median its own 10-year median of 16.80. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Forever Entertainment stock overvalued right now?
Based on GuruFocus' analysis, Forever Entertainment (WAR:FOR) is currently considered Modestly Undervalued. The stock's GF Value™ is zł3.19, compared to a current price of zł2.48 — trading 22.3% below its estimated fair value. The current Return-on-Tangible-Equity is 25.80%, which is 54% above median its 10-year median of 16.80 and 344.8% above the Interactive Media industry median of 5.80. Forever Entertainment's overall GF Score™ is 74/100 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-Equity calculated?
Return-on-Tangible-Equity is calculated from a company's financial statements. For Forever Entertainment (WAR:FOR), the current Return-on-Tangible-Equity is 25.80% 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 Forever Entertainment (WAR:FOR) Overvalued in 2026?
Based on GuruFocus' analysis, Forever Entertainment stock appears to be undervalued.
The current stock price of zł2.48 is trading 22.3% below its estimated GF Value™ of zł3.19.
GuruFocus considers Forever Entertainment to be Modestly Undervalued.
Key valuation signals for WAR:FOR:
Return-on-Tangible-Equity: 25.80% (54% above median its 10-year median of 16.80)
GF Value™: zł3.19 vs. price of zł2.48 (22.3% below fair value)
Industry Position: 344.8% above the Interactive Media median (#131 of 491)
No single metric tells the full story. See the WAR:FOR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Forever Entertainment SA is an entertainment company that designs and manufactures computer game for different platforms. The company's games, such as Startioe, Not Dying Today, The Final Take, Zombillie, Teddy Floppy Ear, among others.
74GF Score
Get the complete analysis for WAR:FOR
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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