Think of Enterprise Value as the theoretical takeover price. It is more comprehensive than market capitalization (Market Cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.
EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, Frontier Developments's Enterprise Value is £118.4 Mil.
Frontier Developments's EBIT for the trailing twelve months (TTM) ended in Nov. 2025 was £17.0 Mil. Therefore, Frontier Developments's EV-to-EBIT ratio for today is 6.97.
EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA. As of today, Frontier Developments's Enterprise Value is £118.4 Mil.
Frontier Developments's EBITDA for the trailing twelve months (TTM) ended in Nov. 2025 was £41.2 Mil. Therefore, Frontier Developments's EV-to-EBITDA ratio for today is 2.87.
*** Please note that the current Enterprise Value is calculated using the current market capitalization and the most recently available financial data. If key financial fields—Long-Term Debt & Capital Lease Obligation and Short-Term Debt & Capital Lease Obligation—are recorded as null in the latest reporting period, our data vendor will default to using data from the prior period with valid entries.
Frontier Developments (LSE:FDEV) Enterprise Value Explanation
When an investor buy a company, the investor needs to pay not only the common shares, he/she also needs to pay the shareholders of Preferred Stocks. He also assumes the debt of the company, and receives the cash on the company's balance sheet.
If a company has more cash than debt, the investor actually pays less than the Market Cap because he immediately owns the cash once the transaction goes through.
The market value of Preferred Stock needs to be added to the market value of common stocks in the calculation of Enterprise Value.
For the companies with the same Market Cap, the smaller the Enterprise Value is, the cheaper the company is.
Enterprise Value can be negative when the company's net cash is more than its Market Cap. In this case the investor is basically getting the company for free and get paid for that.
1. EV-to-EBIT is calculated as Enterprise Value divided by its EBIT.
Frontier Developments's current Enterprise Value is £118.4 Mil.
For company reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data. Frontier Developments's EBIT for the trailing twelve months (TTM) ended in Nov. 2025 was £17.0 Mil.
2. EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA.
Frontier Developments's EV-to-EBITDA for today is:
Frontier Developments's current Enterprise Value is £118.4 Mil.
For company reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data. Frontier Developments's EBITDA for the trailing twelve months (TTM) ended in Nov. 2025 was £41.2 Mil.
Frontier Developments's current Enterprise Value is £118.4 Mil.
For company reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data. Frontier Developments's Revenue for the trailing twelve months (TTM) ended in Nov. 2025 was £102.9 Mil.
Frontier Developments's current Enterprise Value is £118.4 Mil.
For company reported semi-annually or 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.
Frontier Developments's current Enterprise Value is £118.4 Mil.
For company reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data. Frontier Developments's Free Cash Flow for the trailing twelve months (TTM) ended in Nov. 2025 was £20.6 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 Enterprise Value Related Terms
Frontier Developments Enterprise Value Historical Data
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The historical data trend for Frontier Developments's Enterprise Value can be seen below:
* 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.
LSE:FDEV vs NTES, EA, TTWO: Enterprise Value Comparison
For the Electronic Gaming & Multimedia subindustry, Frontier Developments's Enterprise Value, along with its competitors' market caps and Enterprise Value 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 Enterprise Value vs Interactive Media Industry
For the Interactive Media industry and Communication Services sector, Frontier Developments's Enterprise Value distribution charts can be found below:
* The bar in red indicates where Frontier Developments's Enterprise Value falls into.
Frontier Developments Enterprise Value Calculation
Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.
Frontier Developments's Enterprise Value for the fiscal year that ended in May. 2025 is calculated as
* 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 Enterprise Value of £118.4 Mil as of Jun. 25, 2026. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on Frontier Developments and its competitors.
Is Frontier Developments' Enterprise Value too high?
Frontier Developments' current Enterprise Value is £118.4 Mil. 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' Enterprise Value compare to NTES and EA?
Frontier Developments' Enterprise Value of £118.4 Mil can be compared against companies in the Interactive Media industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Enterprise Value for an Interactive Media company?
A good Enterprise Value depends on the Interactive Media industry context. However, Enterprise Value should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Enterprise Value mean?
A high Enterprise Value can signal that a stock is expensive relative to its fundamentals. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on Frontier Developments and its competitors. Frontier Developments's current Enterprise Value is £118.4 Mil. 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 £4.03 — trading 43.4% above its estimated fair value. The current Enterprise Value is £118.4 Mil. 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 Enterprise Value calculated?
Enterprise Value is calculated from a company's financial statements. For Frontier Developments (LSE:FDEV), the current Enterprise Value is £118.4 Mil as of Jun. 25, 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 £4.03 is trading 43.4% above its estimated GF Value™ of £2.81.
GuruFocus considers Frontier Developments to be Significantly Overvalued.
Key valuation signals for LSE:FDEV:
Enterprise Value: £118.4 Mil
GF Value™: £2.81 vs. price of £4.03 (43.4% above fair value)
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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