Trophy Games Development AS (OCSE:TGAMES) 3-Year ROIIC % : 117.51% (As of Dec. 2025) — 110% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

OCSE:TGAMES Trophy Games Development AS OCSE:TGAMES
91 GF Score
Price kr14.00
GF Value kr13.74
Valuation Fairly Valued
! 2 Warning Signs
View Full Analysis

What is Trophy Games Development AS 3-Year ROIIC %?

Trophy Games Development AS OCSE:TGAMES -0.71% 91 3-Year ROIIC % is 117.51 as of Dec. 2025, which is 110% above its 10-year median of 55.96. GuruFocus rates OCSE:TGAMES with a GF Score™ of 91/100 and a GF Value™ of kr13.74 (Fairly Valued). The stock has 2 warning signs investors should review. Among 531 Interactive Media companies, Trophy Games Development AS ranks better than 87.01% on this metric.

3-Year Return on Invested Incremental Capital (3-Year ROIIC %) measures the change in earnings as a percentage of change in investment over 3-year. Trophy Games Development AS's 3-Year ROIIC % for the quarter that ended in Dec. 2025 was 117.51%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.

The industry rank for Trophy Games Development AS's 3-Year ROIIC % or its related term are showing as below:

OCSE:TGAMES's 3-Year ROIIC % is ranked better than
87.01% of 531 companies
in the Interactive Media industry
Industry Median: 3.45 vs OCSE:TGAMES: 117.51

Trophy Games Development AS  (OCSE:TGAMES) 3-Year ROIIC % Explanation

Return on Incremental Invested Capital (ROIIC) is an extension of Return on Investment Capital (ROIC). ROIC % tells investors how efficiently that profitability is earned per dollar of company capital. ROIIC narrows the focus even further and shows how profitable each additional unit of capital investment could be. ROIIC % is a more powerful metric than ROIC because it measures how much money the company can generate going forward on future capital investments.

High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.

Be Aware

It's important to keep in mind that when tracking ROIIC, the metric is better suited to forecasting the trend of future returns rather than measuring current return on investment.


Trophy Games Development AS 3-Year ROIIC % Related Terms


Trophy Games Development AS 3-Year ROIIC % Historical Data

* Premium members only.

The historical data trend for Trophy Games Development AS's 3-Year ROIIC % 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.

Trophy Games Development AS 3-Year ROIIC % Chart

Trophy Games Development AS Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
3-Year ROIIC %
Get a 7-Day Free Trial 0.00 -79.96 -5.59 127.45 117.51

Trophy Games Development AS Semi-Annual Data
Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
3-Year ROIIC % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -5.59 0.00 127.45 0.00 117.51

OCSE:TGAMES vs NTES, EA, TTWO: 3-Year ROIIC % Comparison

For the Electronic Gaming & Multimedia subindustry, Trophy Games Development AS's 3-Year ROIIC %, along with its competitors' market caps and 3-Year ROIIC % 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.


Trophy Games Development AS 3-Year ROIIC % vs Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Trophy Games Development AS's 3-Year ROIIC % distribution charts can be found below:

* The bar in red indicates where Trophy Games Development AS's 3-Year ROIIC % falls into.


OCSE:TGAMES
91GF Score
Trophy Games Development AS OCSE:TGAMES
3-Year ROIIC % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Trophy Games Development AS 3-Year ROIIC % Calculation

Trophy Games Development AS's 3-Year ROIIC % for the quarter that ended in Dec. 2025 is calculated as:

3-Year ROIIC %=3-Year Incremental Net Operating Profit After Taxes (NOPAT)**/3-Year Incremental Invested Capital**
=( 13.528983 (Dec. 2025) - -12.1864866 (Dec. 2022) )/( 48.881 (Dec. 2025) - 26.997 (Dec. 2022) )
=25.7154696/21.884
=117.51%***

* 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.

** Annual data of NOPAT and Invested Capital was used to calculate 3-Year ROIIC %.
*** Please be aware that the ROIIC (Return on Invested Capital) calculations are based on company-level data using the primary share class. The calculated data provided is for demonstration purposes and may slightly differ from the results displayed in the title due to potential variations caused by currency exchange rate differences throughout the year.

Frequently Asked Questions Learn more about 3-Year ROIIC % →
What does a 3-Year ROIIC % of 117.51 mean?
Trophy Games Development AS (OCSE:TGAMES) has a 3-Year ROIIC % of 117.51 as of Dec. 2025. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on Trophy Games Development AS and its competitors. This is 110% above median its historical median of 55.96. According to the industry distribution chart, Trophy Games Development AS ranks #69 out of 531 companies in the Interactive Media industry, placing it in the top 13%.
Is Trophy Games Development AS's 3-Year ROIIC % too high?
Trophy Games Development AS's current 3-Year ROIIC % of 117.51 is 110% above median its 10-year median of 55.96. The Interactive Media industry median 3-Year ROIIC % is 3.45. Trophy Games Development AS's value of 117.51 is 3306.1% above this industry median. Based on the distribution chart, Trophy Games Development AS ranks #69 out of 531 companies in the Interactive Media industry, which is in the top quartile — a strong position relative to peers. Overall, Trophy Games Development AS has a GF Score™ of 91/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Trophy Games Development AS's 3-Year ROIIC % compare to NTES and EA?
According to the Interactive Media industry distribution chart, Trophy Games Development AS ranks #69 out of 531 companies for 3-Year ROIIC %. This places Trophy Games Development AS in the top 13% of its industry — outperforming the majority of peers. The industry median 3-Year ROIIC % is 3.45. Trophy Games Development AS's value of 117.51 is 3306.1% above this benchmark. While the company's 10-year median is 55.96 vs. the industry median of 3.45, Trophy Games Development AS 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 3-Year ROIIC % for an Interactive Media company?
The median 3-Year ROIIC % among Interactive Media companies is 3.45, based on 531 companies in the industry. Companies in the top quartile (top 25%) have a 3-Year ROIIC % significantly above this median, while those in the bottom quartile fall well below. However, 3-Year ROIIC % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Trophy Games Development AS's current 3-Year ROIIC % of 117.51 is 3306.1% 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 3-Year ROIIC % mean?
A high 3-Year ROIIC % can signal that a stock is expensive relative to its fundamentals. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on Trophy Games Development AS and its competitors. For the Interactive Media industry, the median 3-Year ROIIC % is 3.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Trophy Games Development AS's current 3-Year ROIIC % is 117.51, which is 110% above median its own 10-year median of 55.96. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Trophy Games Development AS stock overvalued right now?
Based on GuruFocus' analysis, Trophy Games Development AS (OCSE:TGAMES) is currently considered Fairly Valued. The stock's GF Value™ is kr13.74, compared to a current price of kr14.00 — trading 1.9% above its estimated fair value. The current 3-Year ROIIC % is 117.51, which is 110% above median its 10-year median of 55.96 and 3306.1% above the Interactive Media industry median of 3.45. Trophy Games Development AS's overall GF Score™ is 91/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is 3-Year ROIIC % calculated?
3-Year ROIIC % is calculated from a company's financial statements. For Trophy Games Development AS (OCSE:TGAMES), the current 3-Year ROIIC % is 117.51 as of Dec. 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 Trophy Games Development AS (OCSE:TGAMES) Overvalued in 2026?

Based on GuruFocus' analysis, Trophy Games Development AS stock appears to be overvalued. The current stock price of kr14.00 is trading 1.9% above its estimated GF Value™ of kr13.74. GuruFocus considers Trophy Games Development AS to be Fairly Valued.

Key valuation signals for OCSE:TGAMES:

  • 3-Year ROIIC %: 117.51 (110% above median its 10-year median of 55.96)
  • GF Value™: kr13.74 vs. price of kr14.00 (1.9% above fair value)
  • GF Score™: 91/100 with 2 warning signs
  • Industry Position: 3306.1% above the Interactive Media median (#69 of 531)

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


Trophy Games Development AS Business Description

Other Exchanges 4H7:Germany
Address Mikkel Bryggers Gade 4, 2nd Floor, Copenhagen, DNK, 1460
Trophy Games Development AS is a Denmark-based company that develops and publishes mobile and pc games. Its game studio provides endless entertainment and challenging gameplay for all players. The company offers games for mobile, Steam, and browser.
91GF Score

Get the complete analysis for OCSE:TGAMES

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

kr14.00
Price
kr13.74
GF Value