Frontier DevelopmentsLSE:FDEV -0.11%67 EV-to-OCF is 2.63 as of Jul. 13, 2026, which is 78% below its 10-year median of 11.83. GuruFocus rates LSE:FDEV with a GF Score™ of 67/100 and a GF Value™ of £2.81 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 565 Interactive Media companies, Frontier Developments ranks better than 54.16% on this metric.
EV-to-OCF is calculated as enterprise value divided by its cash flow from operations. As of today, Frontier Developments's Enterprise Value is £129.7 Mil.
Frontier Developments's Cash Flow from Operations for the trailing twelve months (TTM) ended in Nov. 2025 was £49.3 Mil. Therefore, Frontier Developments's EV-to-OCF for today is 2.63.
The historical rank and industry rank for Frontier Developments's EV-to-OCF or its related term are showing as below:
LSE:FDEV'
s EV-to-OCF Range Over the Past 10 Years
Min: -105.83 Med: 11.83 Max: 67.59
Current: 2.63
During the past 13 years, the highest EV-to-OCF of Frontier Developments was 67.59. The lowest was -105.83. And the median was 11.83.
LSE:FDEV's EV-to-OCF is ranked better than 54.16% of 565
companies
in the Interactive Media industry
Industry Median: 3.63
vs LSE:FDEV: 2.63
EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
Frontier Developments's PE Ratio (TTM) for today is calculated as:
Frontier Developments's share price for today is £4.355.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Frontier Developments's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Nov. 2025 was £0.498.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Enterprise Value is used because it is a more complete measure in reflecting how much an investor pays when buying a company. Cash Flow from Operations is an important financial metric because it represents the cash generated from operating activities at a company's disposal. Companies with a low EV-to-OCF ratio, combined with a strong balance sheet are generally considered as undervalued.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Electronic Gaming & Multimedia subindustry, Frontier Developments's EV-to-OCF, along with its competitors' market caps and EV-to-OCF data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Frontier Developments EV-to-OCF vs Interactive Media Industry
For the Interactive Media industry and Communication Services sector, Frontier Developments's EV-to-OCF distribution charts can be found below:
* The bar in red indicates where Frontier Developments's EV-to-OCF falls into.
Frontier Developments's current Enterprise Value is £129.7 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Frontier Developments's Cash Flow from Operations for the trailing twelve months (TTM) ended in Nov. 2025 was £49.3 Mil.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Frontier Developments (LSE:FDEV) has a EV-to-OCF of 2.63 as of Jul. 13, 2026. This is 78% below median its historical median of 11.83. According to the industry distribution chart, Frontier Developments ranks #259 out of 565 companies in the Interactive Media industry, placing it in the top 45.8%.
Is Frontier Developments' EV-to-OCF too high?
Frontier Developments' current EV-to-OCF of 2.63 is 78% below median its 10-year median of 11.83. The Interactive Media industry median EV-to-OCF is 3.63. Frontier Developments' value of 2.63 is 27.5% below this industry median. Based on the distribution chart, Frontier Developments ranks #259 out of 565 companies in the Interactive Media industry, which is above the industry midpoint. Overall, Frontier Developments has a GF Score™ of 67/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Frontier Developments' EV-to-OCF compare to NTES and EA?
According to the Interactive Media industry distribution chart, Frontier Developments ranks #259 out of 565 companies for EV-to-OCF. This puts Frontier Developments in the upper half of its industry. The industry median EV-to-OCF is 3.63. Frontier Developments' value of 2.63 is 27.5% below this benchmark. While the company's 10-year median is 11.83 vs. the industry median of 3.63, Frontier Developments has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EV-to-OCF for an Interactive Media company?
The median EV-to-OCF among Interactive Media companies is 3.63, based on 565 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-OCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-OCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Frontier Developments's current EV-to-OCF of 2.63 is 27.5% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EV-to-OCF mean?
A high EV-to-OCF can signal that a stock is expensive relative to its fundamentals. For the Interactive Media industry, the median EV-to-OCF is 3.63 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Frontier Developments's current EV-to-OCF is 2.63, which is 78% below median its own 10-year median of 11.83. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Frontier Developments stock overvalued right now?
Based on GuruFocus' analysis, Frontier Developments (LSE:FDEV) is currently considered Significantly Overvalued. The stock's GF Value™ is £2.81, compared to a current price of £4.36 — trading 55% above its estimated fair value. The current EV-to-OCF is 2.63, which is 78% below median its 10-year median of 11.83 and 27.5% below the Interactive Media industry median of 3.63. Frontier Developments' overall GF Score™ is 67/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-OCF calculated?
EV-to-OCF is calculated from a company's financial statements. For Frontier Developments (LSE:FDEV), the current EV-to-OCF is 2.63 as of Jul. 13, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Frontier Developments (LSE:FDEV) Overvalued in 2026?
Based on GuruFocus' analysis, Frontier Developments stock appears to be overvalued.
The current stock price of £4.36 is trading 55% above its estimated GF Value™ of £2.81.
GuruFocus considers Frontier Developments to be Significantly Overvalued.
Key valuation signals for LSE:FDEV:
EV-to-OCF: 2.63 (78% below median its 10-year median of 11.83)
GF Value™: £2.81 vs. price of £4.36 (55% above fair value)
Industry Position: 27.5% below the Interactive Media median (#259 of 565)
No single metric tells the full story. See the LSE:FDEV stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Frontier Developments PLC is a United Kingdom-based company that develops and publishes video games for personal computers and consoles. The company is known for titles such as the Elite series, Planet Coaster, Planet Zoo, and Jurassic World Evolution. It operates through game development and publishing, using in-house technology to create and distribute interactive entertainment software. Frontier Developments has one operating segment, being revenue from publishing games and revenue from other streams such as royalties and licensing. The majority of revenue is generated from Publishing revenue.
67GF Score
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