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Modern Times Group Valuation Multiples
Discover revenue and EBITDA valuation multiples for Modern Times Group and similar public comparables like Shift Up, Playtika, YOOZOO Games, Yalla Group and more.
Modern Times Group Overview
About Modern Times Group
Modern Times Group MTG AB invests in esports, mobile games and other digital entertainment. The group’s companies offer a wide range of games available to audiences all over the world. MTG’s 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
$2B
Modern Times Group Financials
Modern Times Group reported last 12-month revenue of $1B and EBITDA of $287M.
In the same LTM period, Modern Times Group generated $744M in gross profit, $287M in EBITDA, and $17M in net income.
Revenue (LTM)
Modern Times Group P&L
In the most recent fiscal year, Modern Times Group reported revenue of $1B and EBITDA of $281M.
Modern Times Group 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 | $744M | XXX | $834M | XXX | XXX | XXX |
| Gross Margin | 58% | XXX | 65% | XXX | XXX | XXX |
| EBITDA | $287M | XXX | $281M | XXX | XXX | XXX |
| EBITDA Margin | 22% | XXX | 22% | XXX | XXX | XXX |
| EBIT Margin | 9% | XXX | 8% | XXX | XXX | XXX |
| Net Profit | $17M | XXX | ($7M) | XXX | XXX | XXX |
| Net Margin | 1% | XXX | (1%) | XXX | XXX | XXX |
| Net Debt | — | — | $247M | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Modern Times Group Stock Performance
Modern Times Group has current market cap of $1B, and enterprise value of $2B.
Market Cap Evolution
Modern Times Group's stock price is $10.98.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $2B | $1B | 0.3% | XXX | XXX | XXX | $-0.06 |
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Start Free TrialModern Times Group Valuation Multiples
Modern Times Group trades at 1.2x EV/Revenue multiple, and 5.5x EV/EBITDA.
EV / Revenue (LTM)
Modern Times Group Financial Valuation Multiples
As of April 19, 2026, Modern Times Group has market cap of $1B and EV of $2B.
Equity research analysts estimate Modern Times Group's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Modern Times Group has a P/E ratio of 78.6x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $1B | XXX | $1B | XXX | XXX | XXX |
| EV (current) | $2B | XXX | $2B | XXX | XXX | XXX |
| EV/Revenue | 1.2x | XXX | 1.2x | XXX | XXX | XXX |
| EV/EBITDA | 5.5x | XXX | 5.7x | XXX | XXX | XXX |
| EV/EBIT | 13.4x | XXX | 14.9x | XXX | XXX | XXX |
| EV/Gross Profit | 2.1x | XXX | 1.9x | XXX | XXX | XXX |
| P/E | 78.6x | XXX | (194.7x) | XXX | XXX | XXX |
| EV/FCF | (3.7x) | XXX | 8.5x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Modern Times Group 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 Margins & Growth Rates
Modern Times Group's revenue in the last 12 month grew by 3%.
Modern Times Group's revenue per employee in the last FY averaged $1.2M, while opex per employee averaged $0.7M for the same period.
Modern Times Group's rule of 40 is 27% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Modern Times Group's rule of X is 32% (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 Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 3% | XXX | 2% | XXX | XXX | XXX |
| EBITDA Margin | 22% | XXX | 22% | XXX | XXX | XXX |
| EBITDA Growth | 8% | XXX | 8% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 27% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 32% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $1.2M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.7M | XXX | XXX | XXX |
| S&M Expenses to Revenue | 41% | XXX | 41% | XXX | XXX | XXX |
| G&A Expenses to Revenue | 17% | XXX | 17% | XXX | XXX | XXX |
| R&D Expenses to Revenue | 2% | XXX | 2% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 57% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Modern Times Group 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 | |
| Modern Times Group | XXX | XXX | XXX | XXX | XXX | XXX |
| Shift Up | XXX | XXX | XXX | XXX | XXX | XXX |
| Playtika | XXX | XXX | XXX | XXX | XXX | XXX |
| YOOZOO Games | XXX | XXX | XXX | XXX | XXX | XXX |
| Yalla Group | 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 M&A Activity
Modern Times Group acquired XXX companies to date.
Last acquisition by Modern Times Group was on XXXXXXXX, XXXXX. Modern Times Group acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Modern Times Group
| 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 Investment Activity
Modern Times Group invested in XXX companies to date.
Modern Times Group made its latest investment on XXXXXXXX, XXXXX. Modern Times Group invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Modern Times Group
| 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
| When was Modern Times Group founded? | Modern Times Group was founded in 1987. |
| Where is Modern Times Group headquartered? | Modern Times Group is headquartered in Sweden. |
| How many employees does Modern Times Group have? | As of today, Modern Times Group has over 1K employees. |
| Who is the CEO of Modern Times Group? | Modern Times Group's CEO is Maria Redin. |
| Is Modern Times Group publicly listed? | Yes, Modern Times Group is a public company listed on Nasdaq Stockholm. |
| What is the stock symbol of Modern Times Group? | Modern Times Group trades under MTG B ticker. |
| When did Modern Times Group go public? | Modern Times Group went public in 1999. |
| Who are competitors of Modern Times Group? | Modern Times Group main competitors are Shift Up, Playtika, YOOZOO Games, Yalla Group. |
| What is the current market cap of Modern Times Group? | Modern Times Group's current market cap is $1B. |
| What is the current revenue of Modern Times Group? | Modern Times Group's last 12 months revenue is $1B. |
| What is the current revenue growth of Modern Times Group? | Modern Times Group revenue growth (NTM/LTM) is 3%. |
| What is the current EV/Revenue multiple of Modern Times Group? | Current revenue multiple of Modern Times Group is 1.2x. |
| Is Modern Times Group profitable? | Yes, Modern Times Group is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Modern Times Group? | Modern Times Group's last 12 months EBITDA is $287M. |
| What is Modern Times Group's EBITDA margin? | Modern Times Group's last 12 months EBITDA margin is 22%. |
| What is the current EV/EBITDA multiple of Modern Times Group? | Current EBITDA multiple of Modern Times Group is 5.5x. |
| What is the current FCF of Modern Times Group? | Modern Times Group's last 12 months FCF is ($429M). |
| What is Modern Times Group's FCF margin? | Modern Times Group's last 12 months FCF margin is (33%). |
| What is the current EV/FCF multiple of Modern Times Group? | Current FCF multiple of Modern Times Group is (3.7x). |
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