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- Modern Times Group MTG
Modern Times Group MTG Valuation Multiples
Discover revenue and EBITDA valuation multiples for Modern Times Group MTG and similar public comparables like Yalla Group, Bingchuan Network, Nazara Technologies, mixi and more.
Modern Times Group MTG Overview
About Modern Times Group MTG
Modern Times Group MTG AB invests in esports, mobile games and other digital entertainment. The groupβs companies offer a wide range of games available to audiences all over the world. MTGβs portfolio of IP spans across both the casual and mid-core segments of the gaming market. A vast majority of games are available to consumers on a free-to-play basis, and the group generates revenues from in-app purchases and in-app advertising. The Group operates in Europe, Singapore, USA, India and New Zealand.
Founded
1987
HQ

Employees
1.0K
Website
Financials (LTM)
EV
$1B
Modern Times Group MTG Financials
Modern Times Group MTG reported last 12-month revenue of $1B and EBITDA of $290M.
In the same LTM period, Modern Times Group MTG generated $658M in gross profit, $290M in EBITDA, and $11M in net income.
Revenue (LTM)
Modern Times Group MTG P&L
In the most recent fiscal year, Modern Times Group MTG reported revenue of $1B and EBITDA of $287M.
Modern Times Group MTG expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $1B | XXX | $1B | XXX | XXX | XXX |
| Gross Profit | $658M | XXX | $828M | XXX | XXX | XXX |
| Gross Margin | 51% | XXX | 65% | XXX | XXX | XXX |
| EBITDA | $290M | XXX | $287M | XXX | XXX | XXX |
| EBITDA Margin | 23% | XXX | 22% | XXX | XXX | XXX |
| EBIT Margin | 9% | XXX | 8% | XXX | XXX | XXX |
| Net Profit | $11M | XXX | ($2M) | XXX | XXX | XXX |
| Net Margin | 1% | XXX | (0%) | XXX | XXX | XXX |
| Net Debt | β | β | $245M | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Modern Times Group MTG Stock Performance
Modern Times Group MTG has current market cap of $1B, and enterprise value of $1B.
Market Cap Evolution
Modern Times Group MTG's stock price is $9.48.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $1B | $1B | (0.5%) | XXX | XXX | XXX | $-0.01 |
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Start Free TrialModern Times Group MTG Valuation Multiples
Modern Times Group MTG trades at 1.1x EV/Revenue multiple, and 4.9x EV/EBITDA.
EV / Revenue (LTM)
Modern Times Group MTG Financial Valuation Multiples
As of March 7, 2026, Modern Times Group MTG has market cap of $1B and EV of $1B.
Equity research analysts estimate Modern Times Group MTG's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Modern Times Group MTG has a P/E ratio of 106.8x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $1B | XXX | $1B | XXX | XXX | XXX |
| EV (current) | $1B | XXX | $1B | XXX | XXX | XXX |
| EV/Revenue | 1.1x | XXX | 1.1x | XXX | XXX | XXX |
| EV/EBITDA | 4.9x | XXX | 4.9x | XXX | XXX | XXX |
| EV/EBIT | 12.5x | XXX | 13.3x | XXX | XXX | XXX |
| EV/Gross Profit | 2.2x | XXX | 1.7x | XXX | XXX | XXX |
| P/E | 106.8x | XXX | (667.7x) | XXX | XXX | XXX |
| EV/FCF | (2.8x) | XXX | 7.6x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Modern Times Group MTG Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.


Modern Times Group MTG Margins & Growth Rates
Modern Times Group MTG's revenue in the last 12 month grew by 1%.
Modern Times Group MTG's revenue per employee in the last FY averaged $1.2M.
Modern Times Group MTG's rule of 40 is 24% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Modern Times Group MTG's rule of X is 25% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Modern Times Group MTG Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 1% | XXX | 1% | XXX | XXX | XXX |
| EBITDA Margin | 23% | XXX | 22% | XXX | XXX | XXX |
| EBITDA Growth | 5% | XXX | 5% | XXX | XXX | XXX |
| Rule of 40 | β | XXX | 24% | XXX | XXX | XXX |
| Bessemer Rule of X | β | XXX | 25% | XXX | XXX | XXX |
| Revenue per Employee | β | XXX | $1.2M | XXX | XXX | XXX |
| S&M Expenses to Revenue | 41% | XXX | 40% | XXX | XXX | XXX |
| G&A Expenses to Revenue | 17% | XXX | 17% | XXX | XXX | XXX |
| R&D Expenses to Revenue | 2% | XXX | β | XXX | XXX | XXX |
| Opex to Revenue | β | XXX | 57% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Modern Times Group MTG Public Comps
See public comps and valuation multiples for other Gaming - Console & PC and Gaming - Mobile comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Yalla Group | XXX | XXX | XXX | XXX | XXX | XXX |
| Bingchuan Network | XXX | XXX | XXX | XXX | XXX | XXX |
| Nazara Technologies | XXX | XXX | XXX | XXX | XXX | XXX |
| mixi | XXX | XXX | XXX | XXX | XXX | XXX |
| Embracer Group | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Modern Times Group MTG M&A Activity
Modern Times Group MTG acquired XXX companies to date.
Last acquisition by Modern Times Group MTG was on XXXXXXXX, XXXXX. Modern Times Group MTG acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Modern Times Group MTG
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialModern Times Group MTG Investment Activity
Modern Times Group MTG invested in XXX companies to date.
Modern Times Group MTG made its latest investment on XXXXXXXX, XXXXX. Modern Times Group MTG invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Modern Times Group MTG
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Modern Times Group MTG
| When was Modern Times Group MTG founded? | Modern Times Group MTG was founded in 1987. |
| Where is Modern Times Group MTG headquartered? | Modern Times Group MTG is headquartered in Sweden. |
| How many employees does Modern Times Group MTG have? | As of today, Modern Times Group MTG has over 1K employees. |
| Who is the CEO of Modern Times Group MTG? | Modern Times Group MTG's CEO is Maria Redin. |
| Is Modern Times Group MTG publicly listed? | Yes, Modern Times Group MTG is a public company listed on Nasdaq Stockholm. |
| What is the stock symbol of Modern Times Group MTG? | Modern Times Group MTG trades under MTG B ticker. |
| When did Modern Times Group MTG go public? | Modern Times Group MTG went public in 1999. |
| Who are competitors of Modern Times Group MTG? | Modern Times Group MTG main competitors are Yalla Group, Bingchuan Network, Nazara Technologies, mixi. |
| What is the current market cap of Modern Times Group MTG? | Modern Times Group MTG's current market cap is $1B. |
| What is the current revenue of Modern Times Group MTG? | Modern Times Group MTG's last 12 months revenue is $1B. |
| What is the current revenue growth of Modern Times Group MTG? | Modern Times Group MTG revenue growth (NTM/LTM) is 1%. |
| What is the current EV/Revenue multiple of Modern Times Group MTG? | Current revenue multiple of Modern Times Group MTG is 1.1x. |
| Is Modern Times Group MTG profitable? | Yes, Modern Times Group MTG is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Modern Times Group MTG? | Modern Times Group MTG's last 12 months EBITDA is $290M. |
| What is Modern Times Group MTG's EBITDA margin? | Modern Times Group MTG's last 12 months EBITDA margin is 23%. |
| What is the current EV/EBITDA multiple of Modern Times Group MTG? | Current EBITDA multiple of Modern Times Group MTG is 4.9x. |
| What is the current FCF of Modern Times Group MTG? | Modern Times Group MTG's last 12 months FCF is ($511M). |
| What is Modern Times Group MTG's FCF margin? | Modern Times Group MTG's last 12 months FCF margin is (40%). |
| What is the current EV/FCF multiple of Modern Times Group MTG? | Current FCF multiple of Modern Times Group MTG is (2.8x). |
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