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Ultimate GamesWAR:ULG +2.03%90 ROE % is 47.46% as of Sep. 2025, which is 238% above its 10-year median of 14.04. 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 533 Interactive Media companies, Ultimate Games ranks better than 89.12% on this metric.
ROE % is calculated as Net Income divided by its average Total Stockholders Equity 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 Stockholders Equity over the quarter that ended in Sep. 2025 was zł25.27 Mil. Therefore, Ultimate Games's annualized ROE % for the quarter that ended in Sep. 2025 was 47.46%.
The historical rank and industry rank for Ultimate Games's ROE % or its related term are showing as below:
WAR:ULG'
s ROE % Range Over the Past 10 Years
Min: -21.57 Med: 14.04 Max: 120.44
Current: 26.02
During the past 8 years, Ultimate Games's highest ROE % was 120.44%. The lowest was -21.57%. And the median was 14.04%.
WAR:ULG's ROE % is ranked better than 89.12% of 533
companies
in the Interactive Media industry
Industry Median: 2.2
vs WAR:ULG: 26.02
Ultimate Games (WAR:ULG) 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:
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. 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.
Ultimate Games ROE % Related Terms
Ultimate Games ROE % Historical Data
* Premium members only.
The historical data trend for Ultimate Games'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.
For the Electronic Gaming & Multimedia subindustry, Ultimate Games'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.
Ultimate Games ROE % vs Interactive Media Industry
For the Interactive Media industry and Communication Services sector, Ultimate Games's ROE % distribution charts can be found below:
* The bar in red indicates where Ultimate Games's ROE % 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 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 (Sep. 2025) net income data.
ROE % is displayed in the 30-year financial page.
Ultimate Games (WAR:ULG) has a ROE % of 47.46% as of Sep. 2025. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Ultimate Games and its competitors. This is 238% above median its historical median of 14.04. According to the industry distribution chart, Ultimate Games ranks #58 out of 533 companies in the Interactive Media industry, placing it in the top 10.9%.
Is Ultimate Games' ROE % too high?
Ultimate Games' current ROE % of 47.46% is 238% above median its 10-year median of 14.04. The Interactive Media industry median ROE % is 2.20. Ultimate Games' value of 47.46% is 2057.3% above this industry median. Based on the distribution chart, Ultimate Games ranks #58 out of 533 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' ROE % compare to NTES and EA?
According to the Interactive Media industry distribution chart, Ultimate Games ranks #58 out of 533 companies for ROE %. This places Ultimate Games in the top 11% of its industry — outperforming the majority of peers. The industry median ROE % is 2.20. Ultimate Games' value of 47.46% is 2057.3% above this benchmark. While the company's 10-year median is 14.04 vs. the industry median of 2.20, 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 ROE % for an Interactive Media company?
The median ROE % among Interactive Media companies is 2.20, based on 533 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. Ultimate Games's current ROE % of 47.46% is 2057.3% 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 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 Ultimate Games and its competitors. For the Interactive Media industry, the median ROE % is 2.20 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ultimate Games's current ROE % is 47.46%, which is 238% above median its own 10-year median of 14.04. 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 ROE % is 47.46%, which is 238% above median its 10-year median of 14.04 and 2057.3% above the Interactive Media industry median of 2.20. 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 ROE % calculated?
ROE % is calculated from a company's financial statements. For Ultimate Games (WAR:ULG), the current ROE % is 47.46% 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:
ROE %: 47.46% (238% above median its 10-year median of 14.04)
GF Value™: zł16.87 vs. price of zł15.10 (10.5% below fair value)
Industry Position: 2057.3% above the Interactive Media median (#58 of 533)
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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