Gold Town Games AB (NGM:GTG) ROE %: -20.81% (As of Mar. 2026)


NGM:GTG Gold Town Games AB NGM:GTG
33 GF Score
Price kr0.47
GF Value kr0.35
Valuation Significantly Overvalued
! 2 Warning Signs
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What is Gold Town Games AB ROE %?

Gold Town Games AB NGM:GTG +16.96% 33 ROE % is -20.81% as of Mar. 2026. GuruFocus rates NGM:GTG with a GF Score™ of 33/100 and a GF Value™ of kr0.35 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 534 Interactive Media companies, Gold Town Games AB ranks better than 73.78% on this metric.

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Gold Town Games AB's annualized net income for the quarter that ended in Mar. 2026 was kr-3.19 Mil. Gold Town Games AB's average Total Stockholders Equity over the quarter that ended in Mar. 2026 was kr15.34 Mil. Therefore, Gold Town Games AB's annualized ROE % for the quarter that ended in Mar. 2026 was -20.81%.

The historical rank and industry rank for Gold Town Games AB's ROE % or its related term are showing as below:

NGM:GTG' s ROE % Range Over the Past 10 Years
Min: -108.77   Med: -34.26   Max: 13.85
Current: 12.41

During the past 11 years, Gold Town Games AB's highest ROE % was 13.85%. The lowest was -108.77%. And the median was -34.26%.

NGM:GTG's ROE % is ranked better than
73.78% of 534 companies
in the Interactive Media industry
Industry Median: 2.345 vs NGM:GTG: 12.41

Gold Town Games AB  (NGM:GTG) ROE % Explanation

ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.

The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:

ROE %(Q: Mar. 2026 )
=Net Income/Total Stockholders Equity
=-3.192/15.341
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-3.192 / 13.812)*(13.812 / 24.351)*(24.351 / 15.341)
=Net Margin %*Asset Turnover*Equity Multiplier
=-23.11 %*0.5672*1.5873
=ROA %*Equity Multiplier
=-13.11 %*1.5873
=-20.81 %

With this breakdown, it is clear that if a company grows its Net Profit Margin, its Asset Turnover, or its Leverage, it can grow its ROE %.

The factors that affect a company's ROE % can also be illustrated with the five-step DuPont Analysis:

ROE %(Q: Mar. 2026 )
=Net Income/Total Stockholders Equity
=-3.192/15.341
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (-3.192 / -3.308) * (-3.308 / -3.256) * (-3.256 / 13.812) * (13.812 / 24.351) * (24.351 / 15.341)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.9649 * 1.016 * -23.57 % * 0.5672 * 1.5873
=-20.81 %

Note: The net income data used here is four times the quarterly (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (Mar. 2026) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.

* 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

Net Income is used.

Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % 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 ROE %s can be extremely high.


Gold Town Games AB ROE % Related Terms


Gold Town Games AB ROE % Historical Data

* Premium members only.

The historical data trend for Gold Town Games AB's ROE % 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.

Gold Town Games AB ROE % Chart

Gold Town Games AB Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.33 -10.65 -108.77 -53.92 13.85

Gold Town Games AB Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
ROE % 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 -51.64 121.32 -2.49 -22.36 -20.81

NGM:GTG vs NTES, EA, TTWO: ROE % Comparison

For the Electronic Gaming & Multimedia subindustry, Gold Town Games AB's ROE %, along with its competitors' market caps and ROE % 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.


Gold Town Games AB ROE % vs Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Gold Town Games AB's ROE % distribution charts can be found below:

* The bar in red indicates where Gold Town Games AB's ROE % falls into.


NGM:GTG
33GF Score
Gold Town Games AB NGM:GTG
ROE % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Gold Town Games AB ROE % Calculation

Gold Town Games AB's annualized ROE % for the fiscal year that ended in Dec. 2025 is calculated as

ROE %=Net Income (A: Dec. 2025 )/( (Total Stockholders Equity (A: Dec. 2024 )+Total Stockholders Equity (A: Dec. 2025 ))/ count )
=1.623/( (7.693+15.74)/ 2 )
=1.623/11.7165
=13.85 %

Gold Town Games AB's annualized ROE % for the quarter that ended in Mar. 2026 is calculated as

ROE %=Net Income (Q: Mar. 2026 )/( (Total Stockholders Equity (Q: Dec. 2025 )+Total Stockholders Equity (Q: Mar. 2026 ))/ count )
=-3.192/( (15.74+14.942)/ 2 )
=-3.192/15.341
=-20.81 %

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

Frequently Asked Questions Learn more about ROE % →
What does a ROE % of -20.81% mean?
Gold Town Games AB (NGM:GTG) has a ROE % of -20.81% as of Mar. 2026. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Gold Town Games AB and its competitors. According to the industry distribution chart, Gold Town Games AB ranks #140 out of 534 companies in the Interactive Media industry, placing it in the top 26.2%.
Is Gold Town Games AB's ROE % too high?
Gold Town Games AB's current ROE % is -20.81%. Based on the distribution chart, Gold Town Games AB ranks #140 out of 534 companies in the Interactive Media industry, which is above the industry midpoint. Overall, Gold Town Games AB has a GF Score™ of 33/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Gold Town Games AB's ROE % compare to NTES and EA?
According to the Interactive Media industry distribution chart, Gold Town Games AB ranks #140 out of 534 companies for ROE %. This puts Gold Town Games AB in the upper half of its industry. The industry median ROE % is 2.35. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROE % for an Interactive Media company?
The median ROE % among Interactive Media companies is 2.35, based on 534 companies in the industry. Companies in the top quartile (top 25%) have a ROE % significantly above this median, while those in the bottom quartile fall well below. However, ROE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROE % mean?
A high ROE % can signal that a stock is expensive relative to its fundamentals. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Gold Town Games AB and its competitors. For the Interactive Media industry, the median ROE % is 2.35 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Gold Town Games AB's current ROE % is -20.81%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Gold Town Games AB stock overvalued right now?
Based on GuruFocus' analysis, Gold Town Games AB (NGM:GTG) is currently considered Significantly Overvalued. The stock's GF Value™ is kr0.35, compared to a current price of kr0.47 — trading 34% above its estimated fair value. The current ROE % is -20.81%. Gold Town Games AB's overall GF Score™ is 33/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROE % calculated?
ROE % is calculated from a company's financial statements. For Gold Town Games AB (NGM:GTG), the current ROE % is -20.81% 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 Gold Town Games AB (NGM:GTG) Overvalued in 2026?

Based on GuruFocus' analysis, Gold Town Games AB stock appears to be overvalued. The current stock price of kr0.47 is trading 34% above its estimated GF Value™ of kr0.35. GuruFocus considers Gold Town Games AB to be Significantly Overvalued.

Key valuation signals for NGM:GTG:

  • ROE %: -20.81%
  • GF Value™: kr0.35 vs. price of kr0.47 (34% above fair value)
  • GF Score™: 33/100 with 2 warning signs

No single metric tells the full story. See the NGM:GTG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Gold Town Games AB Business Description

Address Storgatan 53, Skelleftea, SWE, 931 31
Gold Town Games AB is a mobile games company. The company is engaged in the development, marketing and sales of mobile games, as well as carry out related activities. It has developed a hockey manager game for mobile platforms.
33GF Score

Get the complete analysis for NGM:GTG

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

kr0.47
Price
kr0.35
GF Value