Ultimate Games (WAR:ULG) ROA %: 35.71% (As of Sep. 2025) — 214% Above Median

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WAR:ULG Ultimate Games SA WAR:ULG
91 GF Score
Price zł15.10
GF Value zł16.87
Valuation Modestly Undervalued
! 5 Warning Signs
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What is Ultimate Games ROA %?

Ultimate Games WAR:ULG +2.03% 91 ROA % is 35.71% as of Sep. 2025, which is 214% above its 10-year median of 11.37. GuruFocus rates WAR:ULG with a GF Score™ of 91/100 and a GF Value™ of zł16.87 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 568 Interactive Media companies, Ultimate Games ranks better than 93.13% on this metric.

ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Ultimate Games's annualized Net Income for the quarter that ended in Sep. 2025 was zł11.99 Mil. Ultimate Games's average Total Assets over the quarter that ended in Sep. 2025 was zł33.59 Mil. Therefore, Ultimate Games's annualized ROA % for the quarter that ended in Sep. 2025 was 35.71%.

The historical rank and industry rank for Ultimate Games's ROA % or its related term are showing as below:

WAR:ULG' s ROA % Range Over the Past 10 Years
Min: -16.65   Med: 11.37   Max: 100.73
Current: 20.42

During the past 8 years, Ultimate Games's highest ROA % was 100.73%. The lowest was -16.65%. And the median was 11.37%.

WAR:ULG's ROA % is ranked better than
93.13% of 568 companies
in the Interactive Media industry
Industry Median: 0.555 vs WAR:ULG: 20.42

Ultimate Games  (WAR:ULG) ROA % Explanation

ROA % measures the rate of return on the total assets (shareholder equity plus liabilities). It measures a firm's efficiency at generating profits from shareholders' equity plus its liabilities. ROA % shows how well a company uses what it has to generate earnings. ROA %s can vary drastically across industries. Therefore, ROA % should not be used to compare companies in different industries. For retailers, a ROA % of higher than 5% is expected. For example, Wal-Mart (WMT) has a ROA % of about 8% as of 2012. For banks, ROA % is close to their interest spread. A bank’s ROA % is typically well under 2%.

Similar to ROE, ROA % is affected by profit margins and asset turnover. This can be seen from the Du Pont Formula:

ROA %(Q: Sep. 2025 )
=Net Income/Total Assets
=11.992/33.5855
=(Net Income / Revenue)*(Revenue / Total Assets)
=(11.992 / 50.548)*(50.548 / 33.5855)
=Net Margin %*Asset Turnover
=23.72 %*1.5051
=35.71 %

Note: The Net Income data used here is four times the quarterly (Sep. 2025) net income data. The Revenue data used here is four times the quarterly (Sep. 2025) revenue data.

* 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.


Be Aware

Like ROE, ROA % is calculated with only 12 months data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. ROA % can be affected by events such as stock buyback or issuance, and by goodwill, a company's tax rate and its interest payment. ROA % may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).

Many analysts argue the higher return the better. Buffett states that really high ROA % may indicate vulnerability in the durability of the competitive advantage.

E.g. Raising $43b to take on KO is impossible, but $1.7b to take on Moody's is. Although Moody's ROA % and underlying economics is far superior to Coca Cola, the durability is far weaker because of lower entry cost.


Ultimate Games ROA % Related Terms


Ultimate Games ROA % Historical Data

* Premium members only.

The historical data trend for Ultimate Games's ROA % 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.

Ultimate Games ROA % Chart

Ultimate Games Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
ROA %
Get a 7-Day Free Trial 100.73 11.37 -16.65 -10.88 9.59

Ultimate Games Quarterly Data
Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25
ROA % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 11.11 1.99 22.01 19.22 35.71

WAR:ULG vs NTES, EA, TTWO: ROA % Comparison

For the Electronic Gaming & Multimedia subindustry, Ultimate Games's ROA %, along with its competitors' market caps and ROA % 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 ROA % vs Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Ultimate Games's ROA % distribution charts can be found below:

* The bar in red indicates where Ultimate Games's ROA % falls into.


WAR:ULG
91GF Score
Ultimate Games SA WAR:ULG
ROA % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Ultimate Games ROA % Calculation

Ultimate Games's annualized ROA % for the fiscal year that ended in Dec. 2024 is calculated as:

ROA %=Net Income (A: Dec. 2024 )/( (Total Assets (A: Dec. 2023 )+Total Assets (A: Dec. 2024 ))/ count )
=2.76/( (28.372+29.205)/ 2 )
=2.76/28.7885
=9.59 %

Ultimate Games's annualized ROA % for the quarter that ended in Sep. 2025 is calculated as:

ROA %=Net Income (Q: Sep. 2025 )/( (Total Assets (Q: Jun. 2025 )+Total Assets (Q: Sep. 2025 ))/ count )
=11.992/( (33.456+33.715)/ 2 )
=11.992/33.5855
=35.71 %

* 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 ROA %, the net income of the last fiscal year and the average total assets 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. ROA % is displayed in the 30-year financial page.

Frequently Asked Questions Learn more about ROA % →
What does a ROA % of 35.71% mean?
Ultimate Games (WAR:ULG) has a ROA % of 35.71% as of Sep. 2025. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on Ultimate Games and its competitors. This is 214% above median its historical median of 11.37. According to the industry distribution chart, Ultimate Games ranks #39 out of 568 companies in the Interactive Media industry, placing it in the top 6.9%.
Is Ultimate Games' ROA % too high?
Ultimate Games' current ROA % of 35.71% is 214% above median its 10-year median of 11.37. The Interactive Media industry median ROA % is 0.56. Ultimate Games' value of 35.71% is 6334.2% above this industry median. Based on the distribution chart, Ultimate Games ranks #39 out of 568 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 91/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Ultimate Games' ROA % compare to NTES and EA?
According to the Interactive Media industry distribution chart, Ultimate Games ranks #39 out of 568 companies for ROA %. This places Ultimate Games in the top 7% of its industry — outperforming the majority of peers. The industry median ROA % is 0.56. Ultimate Games' value of 35.71% is 6334.2% above this benchmark. While the company's 10-year median is 11.37 vs. the industry median of 0.56, 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 ROA % for an Interactive Media company?
The median ROA % among Interactive Media companies is 0.56, based on 568 companies in the industry. Companies in the top quartile (top 25%) have a ROA % significantly above this median, while those in the bottom quartile fall well below. However, ROA % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Ultimate Games's current ROA % of 35.71% is 6334.2% 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 ROA % mean?
A high ROA % can signal that a stock is expensive relative to its fundamentals. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on Ultimate Games and its competitors. For the Interactive Media industry, the median ROA % is 0.56 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ultimate Games's current ROA % is 35.71%, which is 214% above median its own 10-year median of 11.37. 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 zł15.10 — trading 10.5% below its estimated fair value. The current ROA % is 35.71%, which is 214% above median its 10-year median of 11.37 and 6334.2% above the Interactive Media industry median of 0.56. Ultimate Games' overall GF Score™ is 91/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROA % calculated?
ROA % is calculated from a company's financial statements. For Ultimate Games (WAR:ULG), the current ROA % is 35.71% 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 zł15.10 is trading 10.5% below its estimated GF Value™ of zł16.87. GuruFocus considers Ultimate Games to be Modestly Undervalued.

Key valuation signals for WAR:ULG:

  • ROA %: 35.71% (214% above median its 10-year median of 11.37)
  • GF Value™: zł16.87 vs. price of zł15.10 (10.5% below fair value)
  • GF Score™: 91/100 with 5 warning signs
  • Industry Position: 6334.2% above the Interactive Media median (#39 of 568)

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 Business Description

Address ul. Marszalkowska 87/102, Warsaw, POL, 00-683
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.
91GF Score

Get the complete analysis for WAR:ULG

ROA % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

zł15.10
Price
zł16.87
GF Value