Games OperatorsWAR:GOP -0.37%97 Return-on-Tangible-Equity is 26.18% as of Mar. 2026, which is 52% above its 10-year median of 17.27. GuruFocus rates WAR:GOP with a GF Score™ of 97/100 and a GF Value™ of zł14.60 (Fairly Valued). The stock has 6 warning signs investors should review. Among 491 Interactive Media companies, Games Operators ranks better than 69.45% 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. Games Operators's annualized net income for the quarter that ended in Mar. 2026 was zł6.54 Mil. Games Operators's average shareholder tangible equity for the quarter that ended in Mar. 2026 was zł24.96 Mil. Therefore, Games Operators's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 26.18%.
The historical rank and industry rank for Games Operators's Return-on-Tangible-Equity or its related term are showing as below:
WAR:GOP'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 0.29 Med: 17.27 Max: 160.73
Current: 16.88
During the past 10 years, Games Operators's highest Return-on-Tangible-Equity was 160.73%. The lowest was 0.29%. And the median was 17.27%.
WAR:GOP's Return-on-Tangible-Equity is ranked better than 69.45% of 491
companies
in the Interactive Media industry
Industry Median: 5.8
vs WAR:GOP: 16.88
Games Operators (WAR:GOP) 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.
Games Operators Return-on-Tangible-Equity Related Terms
Games Operators Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Games Operators'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.
WAR:GOP vs NTES, EA, TTWO: Return-on-Tangible-Equity Comparison
For the Electronic Gaming & Multimedia subindustry, Games Operators'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.
Games Operators Return-on-Tangible-Equity vs Interactive Media Industry
For the Interactive Media industry and Communication Services sector, Games Operators's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Games Operators'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 26.18% mean?
Games Operators (WAR:GOP) has a Return-on-Tangible-Equity of 26.18% 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 Games Operators and its competitors. This is 52% above median its historical median of 17.27. Over the past decade, Games Operators' Return-on-Tangible-Equity has ranged from 0.29 to 160.73. According to the industry distribution chart, Games Operators ranks #150 out of 491 companies in the Interactive Media industry, placing it in the top 30.5%.
Is Games Operators' Return-on-Tangible-Equity too high?
Games Operators' current Return-on-Tangible-Equity of 26.18% is 52% above median its 10-year median of 17.27. Over the past 10 years, this metric has ranged from a low of 0.29 to a high of 160.73. The Interactive Media industry median Return-on-Tangible-Equity is 5.80. Games Operators' value of 26.18% is 351.4% above this industry median. Based on the distribution chart, Games Operators ranks #150 out of 491 companies in the Interactive Media industry, which is above the industry midpoint. Overall, Games Operators has a GF Score™ of 97/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Games Operators' Return-on-Tangible-Equity compare to NTES and EA?
According to the Interactive Media industry distribution chart, Games Operators ranks #150 out of 491 companies for Return-on-Tangible-Equity. This puts Games Operators in the upper half of its industry. The industry median Return-on-Tangible-Equity is 5.80. Games Operators' value of 26.18% is 351.4% above this benchmark. Historically, Games Operators' own Return-on-Tangible-Equity has ranged from 0.29 to 160.73 over the past decade. While the company's 10-year median is 17.27 vs. the industry median of 5.80, 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-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. Games Operators's current Return-on-Tangible-Equity of 26.18% is 351.4% 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 Games Operators 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. Games Operators's current Return-on-Tangible-Equity is 26.18%, which is 52% above median its own 10-year median of 17.27. 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 Fairly Valued. The stock's GF Value™ is zł14.60, compared to a current price of zł13.30 — trading 8.9% below its estimated fair value. The current Return-on-Tangible-Equity is 26.18%, which is 52% above median its 10-year median of 17.27 and 351.4% above the Interactive Media industry median of 5.80. 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-Equity calculated?
Return-on-Tangible-Equity is calculated from a company's financial statements. For Games Operators (WAR:GOP), the current Return-on-Tangible-Equity is 26.18% 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 zł13.30 is trading 8.9% below its estimated GF Value™ of zł14.60.
GuruFocus considers Games Operators to be Fairly Valued.
Key valuation signals for WAR:GOP:
Return-on-Tangible-Equity: 26.18% (52% above median its 10-year median of 17.27)
GF Value™: zł14.60 vs. price of zł13.30 (8.9% below fair value)
Industry Position: 351.4% above the Interactive Media median (#150 of 491)
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-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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