True Games Syndicate (WAR:TGS) ROE %: -145.55% (As of Mar. 2026)


WAR:TGS True Games Syndicate SA WAR:TGS
13 GF Score
Price zł0.24
! 3 Warning Signs
View Full Analysis

What is True Games Syndicate ROE %?

True Games Syndicate WAR:TGS -0.42% 13 ROE % is -145.55% as of Mar. 2026. GuruFocus rates WAR:TGS with a GF Score™ of 13/100. The stock has 3 warning signs investors should review. Among 534 Interactive Media companies, True Games Syndicate ranks worse than 92.13% on this metric.

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. True Games Syndicate's annualized net income for the quarter that ended in Mar. 2026 was zł-3.17 Mil. True Games Syndicate's average Total Stockholders Equity over the quarter that ended in Mar. 2026 was zł2.18 Mil. Therefore, True Games Syndicate's annualized ROE % for the quarter that ended in Mar. 2026 was -145.55%.

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

WAR:TGS' s ROE % Range Over the Past 10 Years
Min: -94.65   Med: -36.18   Max: -0.39
Current: -94.65

During the past 13 years, True Games Syndicate's highest ROE % was -0.39%. The lowest was -94.65%. And the median was -36.18%.

WAR:TGS's ROE % is ranked worse than
92.13% of 534 companies
in the Interactive Media industry
Industry Median: 2.345 vs WAR:TGS: -94.65

True Games Syndicate  (WAR:TGS) 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
=-3.168/2.1765
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-3.168 / 0)*(0 / 5.2635)*(5.2635 / 2.1765)
=Net Margin %*Asset Turnover*Equity Multiplier
=N/A %*0*2.4183
=ROA %*Equity Multiplier
=N/A %*2.4183
=-145.55 %

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
=-3.168/2.1765
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (-3.168 / -3.168) * (-3.168 / -3.1) * (-3.1 / 0) * (0 / 5.2635) * (5.2635 / 2.1765)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 1 * 1.0219 * N/A % * 0 * 2.4183
=-145.55 %

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.


True Games Syndicate ROE % Related Terms


True Games Syndicate ROE % Historical Data

* Premium members only.

The historical data trend for True Games Syndicate'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.

True Games Syndicate ROE % Chart

True Games Syndicate 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 -80.66 -40.03 -32.32 -48.58 -77.05

True Games Syndicate 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 -61.30 -72.88 -79.91 -109.51 -145.55

WAR:TGS vs NTES, EA, TTWO: ROE % Comparison

For the Electronic Gaming & Multimedia subindustry, True Games Syndicate'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.


True Games Syndicate ROE % vs Interactive Media Industry

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

* The bar in red indicates where True Games Syndicate's ROE % falls into.


WAR:TGS
13GF Score
True Games Syndicate SA WAR:TGS
ROE % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

True Games Syndicate ROE % Calculation

True Games Syndicate'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 )
=-3.224/( (5.796+2.573)/ 2 )
=-3.224/4.1845
=-77.05 %

True Games Syndicate'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 )
=-3.168/( (2.573+1.78)/ 2 )
=-3.168/2.1765
=-145.55 %

* 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 -145.55% mean?
True Games Syndicate (WAR:TGS) has a ROE % of -145.55% 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 True Games Syndicate and its competitors. According to the industry distribution chart, True Games Syndicate ranks #492 out of 534 companies in the Interactive Media industry, placing it in the top 92.1%.
Is True Games Syndicate's ROE % too high?
True Games Syndicate's current ROE % is -145.55%. Based on the distribution chart, True Games Syndicate ranks #492 out of 534 companies in the Interactive Media industry, which is in the bottom quartile relative to peers. Overall, True Games Syndicate has a GF Score™ of 13/100, reflecting its overall financial health beyond just this single metric.
How does True Games Syndicate's ROE % compare to NTES and EA?
According to the Interactive Media industry distribution chart, True Games Syndicate ranks #492 out of 534 companies for ROE %. This places True Games Syndicate in the lower 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 True Games Syndicate 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. True Games Syndicate's current ROE % is -145.55%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is True Games Syndicate stock overvalued right now?
True Games Syndicate (WAR:TGS) has a current ROE % of -145.55%. The current ROE % is -145.55%. True Games Syndicate's overall GF Score™ is 13/100 with 3 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 True Games Syndicate (WAR:TGS), the current ROE % is -145.55% 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.

True Games Syndicate Business Description

Address Wernyhory 29a, Warsaw, POL, 02-727
True Games Syndicate SA is a gaming company. The goal of the company is to create a gaming brand related to criminal culture and to produce games showing life on the edge of the law.
13GF Score

Get the complete analysis for WAR:TGS

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

zł0.24
Price