Modern Times Group (0GXJ) fair value: what the stock is really worth
As of Oct 2, 2026: fair value of Modern Times Group SEK 104, price SEK 133, upside -22.3%, quality 55 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Modern Times Group MTG AB, through its subsidiaries, engages in the provision of game franchises in Sweden, the United Kingdom, Germany, rest of Europe, Singapore, India, the United States, and New Zealand. The company also provides in-app purchase, in-app advertising, and other digital distribution services.
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Modern Times Group MTG AB, through its subsidiaries, engages in the provision of game franchises in Sweden, the United Kingdom, Germany, rest of Europe, Singapore, India, the United States, and New Zealand. The company also provides in-app purchase, in-app advertising, and other digital distribution services. In addition, it develops and publishes mobile and online games under the PlaySimple, Plarium, InnoGames, Snowprint, Hutch, Futureplay, and Ninja Kiwi names. Modern Times Group MTG AB was incorporated in 1987 and is headquartered in Stockholm, Sweden.
Stock analysis
Modern Times Group (0GXJ) currently trades at kr 133.15, while our model-based Fair Value estimate is kr 103.51, 22.3% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Growth DCF group reads highest at a median of kr 927.00 per share, and 6 of the 12 models we run sit above the kr 133.15 price.
Bear case: the Multiples group reads lowest at kr 11.18, and 6 of the 12 models stay below the price. Evidence for this calculation is low.
Scenario range: kr 91.50 (bear) to kr 115.43 (bull), the price of kr 133.15 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 55/100 (solid quality), in the Communication Services sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
Modern Times Group reported revenue of 4.0B SEK in FY2020 versus 15.0B SEK in FY2016, a compound −28.2%/yr. Reported net income was −228M SEK in FY2020.
Key figures
Market cap 14.4B SEK (≈ $1.4B) · P/S ratio 1.18 · Dividend yield 5.8% · Net margin −5.7% · Return on equity 1.5% · Return on assets (EBIT) 1.3% · Operating margin 10.7% · Revenue growth (YoY) +1.9%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 42 out of 100 (low confidence).
What moves the price
The share trades about 4% below its 52-week high and 59% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Communication Services peers we cover trades at 44% fair-value upside, at −22%, 0GXJ screens richer than that median.
Fair Value models
Bear kr 91.50Fair Value kr 103.51Bull kr 115.43
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.29/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−5.8%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−38.9%
’16
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Profit margin (trend) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.
7.1% (2016) → 0.9% (2020)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: no share-count history
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Electronic Gaming & Multimedia · 138 stocks
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Modern Times Group Fair Value". https://www.fairvalue-calculator.com/stock/0GXJ
Frequently asked questions
Is Modern Times Group (0GXJ) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of kr 103.51 versus a price of kr 133.15, about −22% upside (overvalued).
What is the fair value of 0GXJ?
Our model-based fair value for Modern Times Group is kr 103.51 (as of Sep 24, 2026), built from audited fundamentals. The current price: kr 133.15.
What is the quality score of 0GXJ?
Modern Times Group has a Quality Score of 55/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Modern Times Group (0GXJ)?
Our model-based price target is the fair value of kr 103.51 (as of Sep 24, 2026) from 12 valuation models. Cautious scenario kr 91.50, optimistic scenario kr 115.43. It is a calculation from audited fundamentals, not an analyst target.
What is the Modern Times Group stock forecast for 2026?
Our models put fair value at kr 103.51, about −22% upside versus a price of kr 133.15 (overvalued). Cautious scenario kr 91.50, optimistic scenario kr 115.43. The calculation is refreshed regularly with new filings.
Does Modern Times Group pay a dividend?
Modern Times Group currently shows a dividend yield of about 5.77% relative to its recent price (as of Sep 24, 2026).
What is the intrinsic value of Modern Times Group (0GXJ)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Modern Times Group it is kr 103.51 per share (as of Sep 24, 2026), against a price of kr 133.15. It is the blended result of 12 valuation models (cash flow, earnings, asset, dividend).
Is Modern Times Group stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 0GXJ trades above its calculated fair value: price kr 133.15, fair value kr 103.51, a gap of about −22% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 0GXJ?
No. The price is what the market pays today (kr 133.15); the fair value is what the company's own numbers justify (kr 103.51). For Modern Times Group the two are kr 29.64 per share apart. That gap is exactly why we show both numbers side by side.
How much is Modern Times Group worth?
The market values Modern Times Group at about 14.4B SEK (market capitalisation, as of Sep 24, 2026). Per share that is kr 133.15; our models calculate a fair value of kr 103.51 per share.
What do the bullish and bearish scenarios say about 0GXJ?
Our models span a range for Modern Times Group: cautious scenario kr 91.50, base kr 103.51, optimistic kr 115.43 per share (as of Sep 24, 2026, price kr 133.15). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Modern Times Group (0GXJ)?
Balance-sheet figures for Modern Times Group (as of Sep 24, 2026): return on equity 1.5%, debt of 0.13 per unit of equity. They feed the Quality Score of 55/100, which measures business quality independently of the share price.
How far is 0GXJ from its 52-week high?
Modern Times Group trades at kr 133.15, about 4% below its 52-week high of kr 138.80 and 59% above the low of kr 83.73 (as of Oct 2, 2026). Distance from the high says nothing about value: that is what the fair value of kr 103.51 is for.
Which stocks are comparable to Modern Times Group?
From the same area (Communication Services) we also value NetEase, Inc, Take-Two Interactive Software, Inc, Roblox Corporation, Zhejiang Century Huatong Group, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Modern Times Group stock attractive at the current price?
The data as of Sep 24, 2026: price kr 133.15, calculated fair value kr 103.51 (−22%), Quality Score 55/100, from 12 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 0GXJ calculated?
We run Modern Times Group through 12 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of kr 103.51, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.5 % above its aggregate fair value. Modern Times Group itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Modern Times Group (0GXJ)?
The closing price on Oct 2, 2026 was kr 133.15. Our model-based fair value is kr 103.51, about −22% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Modern Times Group right now?
The price sits above even our optimistic bull case (kr 115.43). The favourable scenario is already priced in. Solid but not exceptional quality (55/100) and above fair value, neither a clear bargain nor a standout compounder. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
Key figures of Modern Times Group
How large is the market capitalisation of Modern Times Group (0GXJ)?
The market capitalisation of Modern Times Group is 14.4B SEK (≈ $1.4B). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Modern Times Group (0GXJ)?
The price-to-sales ratio of Modern Times Group is 1.18 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What is the dividend yield of Modern Times Group (0GXJ)?
The dividend yield of Modern Times Group is 5.8%. Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Modern Times Group (0GXJ)?
The net margin of Modern Times Group is −5.7% (fiscal year 2020). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Modern Times Group (0GXJ)?
The return on equity (ROE) of Modern Times Group is 1.5% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Modern Times Group (0GXJ)?
On an EBIT basis the return on assets of Modern Times Group is 1.3% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Modern Times Group (0GXJ)?
The operating margin of Modern Times Group is 10.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Modern Times Group (0GXJ)?
Revenue at Modern Times Group is growing +1.9% versus a year earlier (3y avg −38.9%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Modern Times Group (0GXJ)?
Earnings per share at Modern Times Group are growing +111% versus a year earlier. How much earnings per share grew versus a year earlier.
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