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Ten Square Games Valuation Multiples
Discover revenue and EBITDA valuation multiples for Ten Square Games and similar public comparables like Marvelous, Devsisters, X-LEGEND, AlphaPolis and more.
Ten Square Games Overview
About Ten Square Games
Ten Square Games SA is a developer of free-to-play mobile games with a focus on hobby genres, including fishing, hunting, and aviation. The company’s portfolio includes popular titles such as Fishing Clash, Hunting Clash, and Wings of Heroes.
Founded
2011
HQ
Employees
42
Website
Sectors
Financials (LTM)
EV
$160M
Ten Square Games Financials
Ten Square Games reported last 12-month revenue of $105M and EBITDA of $26M.
In the same LTM period, Ten Square Games generated $88M in gross profit, $26M in EBITDA, and $20M in net income.
Revenue (LTM)
Ten Square Games P&L
In the most recent fiscal year, Ten Square Games reported revenue of $101M and EBITDA of $28M.
Ten Square Games expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $105M | XXX | $101M | XXX | XXX | XXX |
| Gross Profit | $88M | XXX | $84M | XXX | XXX | XXX |
| Gross Margin | 84% | XXX | 83% | XXX | XXX | XXX |
| EBITDA | $26M | XXX | $28M | XXX | XXX | XXX |
| EBITDA Margin | 25% | XXX | 28% | XXX | XXX | XXX |
| EBIT Margin | 22% | XXX | 24% | XXX | XXX | XXX |
| Net Profit | $20M | XXX | $21M | XXX | XXX | XXX |
| Net Margin | 20% | XXX | 21% | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Ten Square Games Stock Performance
Ten Square Games has current market cap of $192M, and enterprise value of $160M.
Market Cap Evolution
Ten Square Games' stock price is $30.24.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $160M | $192M | 1.8% | XXX | XXX | XXX | $3.37 |
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Start Free TrialTen Square Games Valuation Multiples
Ten Square Games trades at 1.5x EV/Revenue multiple, and 6.2x EV/EBITDA.
EV / Revenue (LTM)
Ten Square Games Financial Valuation Multiples
As of April 19, 2026, Ten Square Games has market cap of $192M and EV of $160M.
Equity research analysts estimate Ten Square Games' 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Ten Square Games has a P/E ratio of 9.4x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $192M | XXX | $192M | XXX | XXX | XXX |
| EV (current) | $160M | XXX | $160M | XXX | XXX | XXX |
| EV/Revenue | 1.5x | XXX | 1.6x | XXX | XXX | XXX |
| EV/EBITDA | 6.2x | XXX | 5.8x | XXX | XXX | XXX |
| EV/EBIT | 6.9x | XXX | 6.6x | XXX | XXX | XXX |
| EV/Gross Profit | 1.8x | XXX | 1.9x | XXX | XXX | XXX |
| P/E | 9.4x | XXX | 9.0x | XXX | XXX | XXX |
| EV/FCF | 7.5x | XXX | 6.1x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Ten Square Games 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.
Ten Square Games Margins & Growth Rates
Ten Square Games' revenue in the last 12 month grew by 18%.
Ten Square Games' revenue per employee in the last FY averaged $2.4M, while opex per employee averaged $1.4M for the same period.
Ten Square Games' rule of 40 is 42% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Ten Square Games' rule of X is 72% (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).
Ten Square Games Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 18% | XXX | 20% | XXX | XXX | XXX |
| EBITDA Margin | 25% | XXX | 28% | XXX | XXX | XXX |
| EBITDA Growth | 6% | XXX | (8%) | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 42% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 72% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $2.4M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $1.4M | XXX | XXX | XXX |
| S&M Expenses to Revenue | 55% | XXX | 50% | XXX | XXX | XXX |
| G&A Expenses to Revenue | 7% | XXX | 7% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 59% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Ten Square Games Public Comps
See public comps and valuation multiples for other Gaming - Mobile comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Ten Square Games | XXX | XXX | XXX | XXX | XXX | XXX |
| Marvelous | XXX | XXX | XXX | XXX | XXX | XXX |
| Devsisters | XXX | XXX | XXX | XXX | XXX | XXX |
| X-LEGEND | XXX | XXX | XXX | XXX | XXX | XXX |
| AlphaPolis | XXX | XXX | XXX | XXX | XXX | XXX |
| Homeland ITL | 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.
Ten Square Games M&A Activity
Ten Square Games acquired XXX companies to date.
Last acquisition by Ten Square Games was on XXXXXXXX, XXXXX. Ten Square Games acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Ten Square Games
| 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 TrialTen Square Games Investment Activity
Ten Square Games invested in XXX companies to date.
Ten Square Games made its latest investment on XXXXXXXX, XXXXX. Ten Square Games invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Ten Square Games
| 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 Ten Square Games
| When was Ten Square Games founded? | Ten Square Games was founded in 2011. |
| Where is Ten Square Games headquartered? | Ten Square Games is headquartered in Poland. |
| How many employees does Ten Square Games have? | As of today, Ten Square Games has over 42 employees. |
| Is Ten Square Games publicly listed? | Yes, Ten Square Games is a public company listed on Warsaw Stock Exchange. |
| What is the stock symbol of Ten Square Games? | Ten Square Games trades under TEN ticker. |
| When did Ten Square Games go public? | Ten Square Games went public in 2018. |
| Who are competitors of Ten Square Games? | Ten Square Games main competitors are Marvelous, Devsisters, X-LEGEND, AlphaPolis. |
| What is the current market cap of Ten Square Games? | Ten Square Games' current market cap is $192M. |
| What is the current revenue of Ten Square Games? | Ten Square Games' last 12 months revenue is $105M. |
| What is the current revenue growth of Ten Square Games? | Ten Square Games revenue growth (NTM/LTM) is 18%. |
| What is the current EV/Revenue multiple of Ten Square Games? | Current revenue multiple of Ten Square Games is 1.5x. |
| Is Ten Square Games profitable? | Yes, Ten Square Games is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Ten Square Games? | Ten Square Games' last 12 months EBITDA is $26M. |
| What is Ten Square Games' EBITDA margin? | Ten Square Games' last 12 months EBITDA margin is 25%. |
| What is the current EV/EBITDA multiple of Ten Square Games? | Current EBITDA multiple of Ten Square Games is 6.2x. |
| What is the current FCF of Ten Square Games? | Ten Square Games' last 12 months FCF is $21M. |
| What is Ten Square Games' FCF margin? | Ten Square Games' last 12 months FCF margin is 20%. |
| What is the current EV/FCF multiple of Ten Square Games? | Current FCF multiple of Ten Square Games is 7.5x. |
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