Modern Times Group MTG AB
LSE:0GXJ

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Modern Times Group MTG AB
LSE:0GXJ
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Price: 115.4926 SEK 13.56% Market Closed
Market Cap: kr21.4B

EV/EBIT

18.9
Current
103%
More Expensive
vs 3-y average of 9.3

Enterprise Value to EBIT (EV/EBIT) ratio compares a company`s total enterprise value to its earnings before interest and taxes. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBIT
18.9
=
Enterprise Value
kr15.1B
/
EBIT
kr963m

Enterprise Value to EBIT (EV/EBIT) ratio compares a company`s total enterprise value to its earnings before interest and taxes. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBIT
18.9
=
Enterprise Value
kr15.1B
/
EBIT
kr963m

Valuation Scenarios

Modern Times Group MTG AB is trading above its 3-year average

If EV/EBIT returns to its 3-Year Average (9.3), the stock would be worth kr56.95 (51% downside from current price).

Statistics
Positive Scenarios
0/4
Maximum Downside
-51%
Maximum Upside
No Upside Scenarios
Average Downside
31%
Scenario EV/EBIT Value Implied Price Upside/Downside
Current Multiple 18.9 kr115.49
0%
3-Year Average 9.3 kr56.95
-51%
5-Year Average 10.2 kr62.51
-46%
Industry Average 14.7 kr89.66
-22%
Country Average 17.8 kr108.81
-6%

Forward EV/EBIT
Today’s price vs future ebit

Today's Enterprise Value EBIT Forward EV/EBIT
kr15.1B
/
Jan 2026
kr963m
=
18.9
Current
kr15.1B
/
Dec 2026
kr1.6B
=
9.4
Forward
kr15.1B
/
Dec 2027
kr1.8B
=
8.5
Forward
kr15.1B
/
Dec 2028
kr2B
=
7.5
Forward

Forward EV/EBIT shows whether today’s EV/EBIT still looks high or low once future ebit are taken into account.

Peer Comparison

All Multiples
EV/EBIT
P/E
All Countries
Close
Market Cap EV/EBIT P/E
SE
Modern Times Group MTG AB
LSE:0GXJ
11.8B SEK 18.9 -209.6
US
Activision Blizzard Inc
LSE:0H8X
74.1B USD 28.9 34.2
CN
NetEase Inc
NASDAQ:NTES
71.3B USD 9.2 14.4
JP
Nintendo Co Ltd
TSE:7974
9.3T JPY 20.8 23.1
US
Electronic Arts Inc
NASDAQ:EA
50.7B USD 49.6 74.5
SG
Sea Ltd
NYSE:SE
46.7B USD 19.1 29.6
US
Roblox Corp
NYSE:RBLX
39.7B USD -30.9 -37.3
US
Take-Two Interactive Software Inc
NASDAQ:TTWO
39B USD -133.6 -9.8
CN
Zhejiang Century Huatong Group Co Ltd
SZSE:002602
121.6B CNY 19.7 32.3
JP
Konami Holdings Corp
TSE:9766
2.7T JPY 20.9 31.4
JP
Nexon Co Ltd
TSE:3659
2.1T JPY 10.4 22.8
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
SE
Modern Times Group MTG AB
LSE:0GXJ
Average EV/EBIT: 22
18.9
28%
0.7
US
A
Activision Blizzard Inc
LSE:0H8X
28.9
36%
0.8
CN
NetEase Inc
NASDAQ:NTES
9.2
11%
0.8
JP
Nintendo Co Ltd
TSE:7974
20.8
N/A N/A
US
Electronic Arts Inc
NASDAQ:EA
49.6
26%
1.9
SG
Sea Ltd
NYSE:SE
19.1
39%
0.5
US
Roblox Corp
NYSE:RBLX
Negative Multiple: -30.9 N/A N/A
US
Take-Two Interactive Software Inc
NASDAQ:TTWO
Negative Multiple: -133.6 N/A N/A
CN
Z
Zhejiang Century Huatong Group Co Ltd
SZSE:002602
19.7
56%
0.4
JP
Konami Holdings Corp
TSE:9766
20.9
N/A N/A
JP
N
Nexon Co Ltd
TSE:3659
10.4
N/A N/A
P/E Multiple
Earnings Growth PEG
SE
Modern Times Group MTG AB
LSE:0GXJ
Average P/E: 32.8
Negative Multiple: -209.6
N/A N/A
US
A
Activision Blizzard Inc
LSE:0H8X
34.2
36%
1
CN
NetEase Inc
NASDAQ:NTES
14.4
14%
1
JP
Nintendo Co Ltd
TSE:7974
23.1
26%
0.9
US
Electronic Arts Inc
NASDAQ:EA
74.5
32%
2.3
SG
Sea Ltd
NYSE:SE
29.6
27%
1.1
US
Roblox Corp
NYSE:RBLX
Negative Multiple: -37.3 N/A N/A
US
Take-Two Interactive Software Inc
NASDAQ:TTWO
Negative Multiple: -9.8 N/A N/A
CN
Z
Zhejiang Century Huatong Group Co Ltd
SZSE:002602
32.3
104%
0.3
JP
Konami Holdings Corp
TSE:9766
31.4
22%
1.4
JP
N
Nexon Co Ltd
TSE:3659
22.8
18%
1.3

Market Distribution

Higher than 73% of companies in Sweden
Percentile
73nd
Based on 1 191 companies
73nd percentile
24
Low
0.2 — 14
Typical Range
14 — 23.3
High
23.3 —
Distribution Statistics
Sweden
Min 0.2
30th Percentile 14
Median 17.8
70th Percentile 23.3
Max 4 325.3

Modern Times Group MTG AB
Glance View

Market Cap
21.4B SEK
Industry
Media

Modern Times Group MTG AB engages as an entertainment company. The company is headquartered in Stockholm, Stockholm and currently employs 1,247 full-time employees. The firm operates in two segments: Esport and Gaming. The Esport segment is made up of ESL, Dreamhack and MTG VC-fund’s investments in esport related companies. Through ESL and Dreamhack,the Company operates national and international tournaments as well as grassroots amatuer cups, leagues and festivals. The Gaming segment is made up of InnoGames, Kongregate and MTG VC-fund’s investment in gaming-related companies. InnoGames is publisher of mobile and on-line games. InnoGames’ complete portfolio encompasses seven live games and several mobile titles in production. InnoGames is focused on the free-to-play segment and provides players with a cross-platform experience on PC and mobile devices. Kongregate is mobile game publisher and developer. The firm operates worldwide.

0GXJ Intrinsic Value
248.5726 SEK
Undervaluation 54%
Intrinsic Value
Price kr115.4926
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