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Ultimate GamesWAR:ULG 90 Return-on-Tangible-Equity is 47.51% as of Sep. 2025, which is 237% above its 10-year median of 14.10. GuruFocus rates WAR:ULG with a GF Score™ of 90/100 and a GF Value™ of zł16.87 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 490 Interactive Media companies, Ultimate Games ranks better than 78.16% 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. Ultimate Games's annualized net income for the quarter that ended in Sep. 2025 was zł11.99 Mil. Ultimate Games's average shareholder tangible equity for the quarter that ended in Sep. 2025 was zł25.24 Mil. Therefore, Ultimate Games's annualized Return-on-Tangible-Equity for the quarter that ended in Sep. 2025 was 47.51%.
The historical rank and industry rank for Ultimate Games's Return-on-Tangible-Equity or its related term are showing as below:
WAR:ULG'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -21.69 Med: 14.1 Max: 121.19
Current: 26.05
During the past 8 years, Ultimate Games's highest Return-on-Tangible-Equity was 121.19%. The lowest was -21.69%. And the median was 14.10%.
WAR:ULG's Return-on-Tangible-Equity is ranked better than 78.16% of 490
companies
in the Interactive Media industry
Industry Median: 5.225
vs WAR:ULG: 26.05
Ultimate Games (WAR:ULG) 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.
Ultimate Games Return-on-Tangible-Equity Related Terms
Ultimate Games Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Ultimate 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:ULG vs NTES, EA, TTWO: Return-on-Tangible-Equity Comparison
For the Electronic Gaming & Multimedia subindustry, Ultimate 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.
Ultimate Games Return-on-Tangible-Equity vs Interactive Media Industry
For the Interactive Media industry and Communication Services sector, Ultimate Games's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Ultimate 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 (Sep. 2025) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 47.51% mean?
Ultimate Games (WAR:ULG) has a Return-on-Tangible-Equity of 47.51% as of Sep. 2025. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Ultimate Games and its competitors. This is 237% above median its historical median of 14.10. According to the industry distribution chart, Ultimate Games ranks #107 out of 490 companies in the Interactive Media industry, placing it in the top 21.8%.
Is Ultimate Games' Return-on-Tangible-Equity too high?
Ultimate Games' current Return-on-Tangible-Equity of 47.51% is 237% above median its 10-year median of 14.10. The Interactive Media industry median Return-on-Tangible-Equity is 5.23. Ultimate Games' value of 47.51% is 809.3% above this industry median. Based on the distribution chart, Ultimate Games ranks #107 out of 490 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 90/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Ultimate Games' Return-on-Tangible-Equity compare to NTES and EA?
According to the Interactive Media industry distribution chart, Ultimate Games ranks #107 out of 490 companies for Return-on-Tangible-Equity. This places Ultimate Games in the top 22% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 5.23. Ultimate Games' value of 47.51% is 809.3% above this benchmark. While the company's 10-year median is 14.10 vs. the industry median of 5.23, 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-Equity for an Interactive Media company?
The median Return-on-Tangible-Equity among Interactive Media companies is 5.23, 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. Ultimate Games's current Return-on-Tangible-Equity of 47.51% is 809.3% 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 Ultimate Games and its competitors. For the Interactive Media industry, the median Return-on-Tangible-Equity is 5.23 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ultimate Games's current Return-on-Tangible-Equity is 47.51%, which is 237% above median its own 10-year median of 14.10. 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 zł16.87, compared to a current price of zł15.00 — trading 11.1% below its estimated fair value. The current Return-on-Tangible-Equity is 47.51%, which is 237% above median its 10-year median of 14.10 and 809.3% above the Interactive Media industry median of 5.23. Ultimate Games' overall GF Score™ is 90/100 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 Ultimate Games (WAR:ULG), the current Return-on-Tangible-Equity is 47.51% 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 zł15.00 is trading 11.1% below its estimated GF Value™ of zł16.87.
GuruFocus considers Ultimate Games to be Modestly Undervalued.
Key valuation signals for WAR:ULG:
Return-on-Tangible-Equity: 47.51% (237% above median its 10-year median of 14.10)
GF Value™: zł16.87 vs. price of zł15.00 (11.1% below fair value)
Industry Position: 809.3% above the Interactive Media median (#107 of 490)
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.
90GF Score
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Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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