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Ten Square GamesWAR:TEN -0.45%85 Return-on-Tangible-Equity is 75.37% as of Mar. 2026, which is 15% below its 10-year median of 89.15. GuruFocus rates WAR:TEN with a GF Score™ of 85/100 and a GF Value™ of zł85.57 (Fairly Valued). The stock has 5 warning signs investors should review. Among 490 Interactive Media companies, Ten Square Games ranks better than 91.22% 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. Ten Square Games's annualized net income for the quarter that ended in Mar. 2026 was zł54.5 Mil. Ten Square Games's average shareholder tangible equity for the quarter that ended in Mar. 2026 was zł72.2 Mil. Therefore, Ten Square Games's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 75.37%.
The historical rank and industry rank for Ten Square Games's Return-on-Tangible-Equity or its related term are showing as below:
WAR:TEN'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 16.12 Med: 89.15 Max: 146.05
Current: 94.45
During the past 9 years, Ten Square Games's highest Return-on-Tangible-Equity was 146.05%. The lowest was 16.12%. And the median was 89.15%.
WAR:TEN's Return-on-Tangible-Equity is ranked better than 91.22% of 490
companies
in the Interactive Media industry
Industry Median: 5.51
vs WAR:TEN: 94.45
Ten Square Games (WAR:TEN) 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.
Ten Square Games Return-on-Tangible-Equity Related Terms
Ten Square Games Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Ten Square Games'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:TEN vs NTES, EA, TTWO: Return-on-Tangible-Equity Comparison
For the Electronic Gaming & Multimedia subindustry, Ten Square Games'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.
Ten Square Games Return-on-Tangible-Equity vs Interactive Media Industry
For the Interactive Media industry and Communication Services sector, Ten Square Games's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Ten Square Games'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 75.37% mean?
Ten Square Games (WAR:TEN) has a Return-on-Tangible-Equity of 75.37% 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 Ten Square Games and its competitors. This is 15% below median its historical median of 89.15. Over the past decade, Ten Square Games' Return-on-Tangible-Equity has ranged from 16.12 to 146.05. According to the industry distribution chart, Ten Square Games ranks #43 out of 490 companies in the Interactive Media industry, placing it in the top 8.8%.
Is Ten Square Games' Return-on-Tangible-Equity too high?
Ten Square Games' current Return-on-Tangible-Equity of 75.37% is 15% below median its 10-year median of 89.15. Over the past 10 years, this metric has ranged from a low of 16.12 to a high of 146.05. The Interactive Media industry median Return-on-Tangible-Equity is 5.51. Ten Square Games' value of 75.37% is 1267.9% above this industry median. Based on the distribution chart, Ten Square Games ranks #43 out of 490 companies in the Interactive Media industry, which is in the top quartile — a strong position relative to peers. Overall, Ten Square Games has a GF Score™ of 85/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Ten Square Games' Return-on-Tangible-Equity compare to NTES and EA?
According to the Interactive Media industry distribution chart, Ten Square Games ranks #43 out of 490 companies for Return-on-Tangible-Equity. This places Ten Square Games in the top 9% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 5.51. Ten Square Games' value of 75.37% is 1267.9% above this benchmark. Historically, Ten Square Games' own Return-on-Tangible-Equity has ranged from 16.12 to 146.05 over the past decade. While the company's 10-year median is 89.15 vs. the industry median of 5.51, Ten Square 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-Equity for an Interactive Media company?
The median Return-on-Tangible-Equity among Interactive Media companies is 5.51, based on 490 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. Ten Square Games's current Return-on-Tangible-Equity of 75.37% is 1267.9% 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-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 Ten Square Games and its competitors. For the Interactive Media industry, the median Return-on-Tangible-Equity is 5.51 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ten Square Games's current Return-on-Tangible-Equity is 75.37%, which is 15% below median its own 10-year median of 89.15. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ten Square Games stock overvalued right now?
Based on GuruFocus' analysis, Ten Square Games (WAR:TEN) is currently considered Fairly Valued. The stock's GF Value™ is zł85.57, compared to a current price of zł88.30 — trading 3.2% above its estimated fair value. The current Return-on-Tangible-Equity is 75.37%, which is 15% below median its 10-year median of 89.15 and 1267.9% above the Interactive Media industry median of 5.51. Ten Square Games' overall GF Score™ is 85/100 with 5 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 Ten Square Games (WAR:TEN), the current Return-on-Tangible-Equity is 75.37% 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 Ten Square Games (WAR:TEN) Overvalued in 2026?
Based on GuruFocus' analysis, Ten Square Games stock appears to be overvalued.
The current stock price of zł88.30 is trading 3.2% above its estimated GF Value™ of zł85.57.
GuruFocus considers Ten Square Games to be Fairly Valued.
Key valuation signals for WAR:TEN:
Return-on-Tangible-Equity: 75.37% (15% below median its 10-year median of 89.15)
GF Value™: zł85.57 vs. price of zł88.30 (3.2% above fair value)
Industry Position: 1267.9% above the Interactive Media median (#43 of 490)
No single metric tells the full story. See the WAR:TEN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ten Square Games SA is a developer of free-to-play mobile games with a focus on hobby genres, including fishing, hunting, and aviation. The company's portfolio includes popular titles such as Fishing Clash, Hunting Clash, Real Flight Simulator, Trophy Hunter, Let's Fish, and Wings of Heroes. The company's source of revenue includes micro-payments, subscriptions, advertisement, and licenses. The company generates the majority of its revenue from the micro-payments.
85GF Score
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