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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, Frozen Way's Enterprise Value is zł-472.65 Mil.
Frozen Way's EBIT for the trailing twelve months (TTM) ended in Jun. 2026 was zł2.22 Mil. Therefore, Frozen Way's EV-to-EBIT ratio for today is -213.38.
EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA. As of today, Frozen Way's Enterprise Value is zł-472.65 Mil.
Frozen Way's EBITDA for the trailing twelve months (TTM) ended in Jun. 2026 was zł2.34 Mil. Therefore, Frozen Way's EV-to-EBITDA ratio for today is -202.24.
EV-to-Revenue is calculated as Enterprise Value divided by its Revenue. As of today, Frozen Way's Enterprise Value is zł-472.65 Mil.
Frozen Way's Revenue for the trailing twelve months (TTM) ended in Jun. 2026 was zł9.44 Mil. Therefore, Frozen Way's EV-to-Revenue ratio for today is -50.06.
EV-to-FCF is calculated as Enterprise Value divided by its Free Cash Flow. As of today, Frozen Way's Enterprise Value is zł-472.65 Mil.
Frozen Way's Free Cash Flow for the trailing twelve months (TTM) ended in Jun. 2026 was zł-0.37 Mil. Therefore, Frozen Way's EV-to-FCF ratio for today is 1,277.42.
*** 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.
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.
Frozen Way's current Enterprise Value is zł-472.65 Mil.
Frozen Way's EBIT for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was zł2.22 Mil.
2. EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA.
Frozen Way's current Enterprise Value is zł-472.65 Mil.
Frozen Way's EBITDA for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was zł2.34 Mil.
Frozen Way's current Enterprise Value is zł-472.65 Mil.
Frozen Way's Revenue for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was zł9.44 Mil.
Frozen Way's current Enterprise Value is zł-472.65 Mil.
Frozen Way's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was zł-0.36 Mil.
Frozen Way's current Enterprise Value is zł-472.65 Mil.
Frozen Way's Free Cash Flow for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was zł-0.37 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.
Frozen Way Enterprise Value Related Terms
Frozen Way Enterprise Value Historical Data
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The historical data trend for Frozen Way'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.
WAR:FRW vs NTES, TTWO, RBLX: Enterprise Value Comparison
For the Electronic Gaming & Multimedia subindustry, Frozen Way'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.
Frozen Way Enterprise Value vs Interactive Media Industry
For the Interactive Media industry and Communication Services sector, Frozen Way's Enterprise Value distribution charts can be found below:
* The bar in red indicates where Frozen Way's Enterprise Value falls into.
Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.
Frozen Way's Enterprise Value for the fiscal year that ended in Dec. 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.
What does a Enterprise Value of zł-472.65 Mil mean?
Frozen Way (WAR:FRW) has a Enterprise Value of zł-472.65 Mil as of Sep. 02, 2026. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on Frozen Way and its competitors.
Is Frozen Way's Enterprise Value too high?
Frozen Way's current Enterprise Value is zł-472.65 Mil. Overall, Frozen Way has a GF Score™ of 82/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Frozen Way's Enterprise Value compare to NTES and TTWO?
Frozen Way's Enterprise Value of zł-472.65 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 Frozen Way and its competitors. Frozen Way's current Enterprise Value is zł-472.65 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Frozen Way stock overvalued right now?
Based on GuruFocus' analysis, Frozen Way (WAR:FRW) is currently considered Fairly Valued. The stock's GF Value™ is zł29.43, compared to a current price of zł27.40 — trading 6.9% below its estimated fair value. The current Enterprise Value is zł-472.65 Mil. Frozen Way's overall GF Score™ is 82/100 with 8 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 Frozen Way (WAR:FRW), the current Enterprise Value is zł-472.65 Mil as of Sep. 02, 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 Frozen Way (WAR:FRW) Overvalued in 2026?
Based on GuruFocus' analysis, Frozen Way stock appears to be undervalued.
The current stock price of zł27.40 is trading 6.9% below its estimated GF Value™ of zł29.43.
GuruFocus considers Frozen Way to be Fairly Valued.
Key valuation signals for WAR:FRW:
Enterprise Value: zł-472.65 Mil
GF Value™: zł29.43 vs. price of zł27.40 (6.9% below fair value)
No single metric tells the full story. See the WAR:FRW stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Frozen Way SA is a Poland-based developer of video games. It is an independent game development studio and publisher. Its game portfolio comprises House Flipper Pets, House Flipper VR, and Builder Simulator.
82GF Score
Get the complete analysis for WAR:FRW
Enterprise Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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