Devolver Digital (FRA:8CO) EV-to-FCF: -11.65 (As of Jul. 18, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

FRA:8CO Devolver Digital Inc FRA:8CO
38 GF Score
Price €0.20
GF Value €0.30
Valuation Significantly Undervalued
! 3 Warning Signs
View Full Analysis

What is Devolver Digital EV-to-FCF?

Devolver Digital FRA:8CO -1.98% 38 EV-to-FCF is -11.65 as of Jul. 18, 2026. GuruFocus rates FRA:8CO with a GF Score™ of 38/100 and a GF Value™ of €0.30 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 338 Interactive Media companies, Devolver Digital ranks worse than 295857.69% on this metric.

EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, Devolver Digital's Enterprise Value is €66.83 Mil. Devolver Digital's Free Cash Flow for the trailing twelve months (TTM) ended in Dec. 2025 was €-5.74 Mil. Therefore, Devolver Digital's EV-to-FCF for today is -11.65.

The historical rank and industry rank for Devolver Digital's EV-to-FCF or its related term are showing as below:

FRA:8CO' s EV-to-FCF Range Over the Past 10 Years
Min: -74.08   Med: -11.02   Max: 22.16
Current: -11.9

During the past 9 years, the highest EV-to-FCF of Devolver Digital was 22.16. The lowest was -74.08. And the median was -11.02.

FRA:8CO's EV-to-FCF is ranked worse than
100% of 338 companies
in the Interactive Media industry
Industry Median: 10.28 vs FRA:8CO: -11.90

EV-to-FCF 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.

As of today (2026-07-18), Devolver Digital's stock price is €0.198. Devolver Digital's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Dec. 2025 was €-0.029. Therefore, Devolver Digital's PE Ratio (TTM) for today is At Loss.


Devolver Digital  (FRA:8CO) EV-to-FCF Explanation

EV-to-FCF 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.

Devolver Digital's PE Ratio (TTM) for today is calculated as:

PE Ratio (TTM)=Share Price (Today)/Earnings per Share (Diluted) (TTM)
=0.198/-0.029
=At Loss

Devolver Digital's share price for today is €0.198.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Devolver Digital's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Dec. 2025 was €-0.029.

* 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. Free Cash Flow is an important financial metric because it represents the actual amount of cash at a company's disposal. Companies with a low EV-to-FCF ratio, combined with a strong balance sheet are generally considered as undervalued.


Devolver Digital EV-to-FCF Related Terms


Devolver Digital EV-to-FCF Historical Data

* Premium members only.

The historical data trend for Devolver Digital's EV-to-FCF 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.

Devolver Digital EV-to-FCF Chart

Devolver Digital Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EV-to-FCF
Get a 7-Day Free Trial Premium Member Only -22.63 -66.47 -4.23 -11.78 -16.87

Devolver Digital Semi-Annual Data
Dec17 Dec18 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
EV-to-FCF Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -4.23 0.00 -11.78 0.00 -16.87

FRA:8CO vs NTES, EA, TTWO: EV-to-FCF Comparison

For the Electronic Gaming & Multimedia subindustry, Devolver Digital's EV-to-FCF, along with its competitors' market caps and EV-to-FCF 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.


Devolver Digital EV-to-FCF vs Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Devolver Digital's EV-to-FCF distribution charts can be found below:

* The bar in red indicates where Devolver Digital's EV-to-FCF falls into.


FRA:8CO
38GF Score
Devolver Digital Inc FRA:8CO
EV-to-FCF is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Devolver Digital EV-to-FCF Calculation

Devolver Digital's EV-to-FCF for today is calculated as:

EV-to-FCF=Enterprise Value (Today)/Free Cash Flow (TTM)
=66.831/-5.735
=-11.65

Devolver Digital's current Enterprise Value is €66.83 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Devolver Digital's Free Cash Flow for the trailing twelve months (TTM) ended in Dec. 2025 was €-5.74 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.

Frequently Asked Questions Learn more about EV-to-FCF →
What does a EV-to-FCF of -11.65 mean?
Devolver Digital (FRA:8CO) has a EV-to-FCF of -11.65 as of Jul. 18, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Devolver Digital and its competitors. According to the industry distribution chart, Devolver Digital ranks #999999 out of 338 companies in the Interactive Media industry.
Is Devolver Digital's EV-to-FCF too high?
Devolver Digital's current EV-to-FCF is -11.65. Based on the distribution chart, Devolver Digital ranks #999999 out of 338 companies in the Interactive Media industry, which is in the bottom quartile relative to peers. Overall, Devolver Digital has a GF Score™ of 38/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Devolver Digital's EV-to-FCF compare to NTES and EA?
According to the Interactive Media industry distribution chart, Devolver Digital ranks #999999 out of 338 companies for EV-to-FCF. This places Devolver Digital in the lower half of its industry. The industry median EV-to-FCF is 10.28. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EV-to-FCF for an Interactive Media company?
The median EV-to-FCF among Interactive Media companies is 10.28, based on 338 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-FCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-FCF 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 EV-to-FCF mean?
A high EV-to-FCF can signal that a stock is expensive relative to its fundamentals. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Devolver Digital and its competitors. For the Interactive Media industry, the median EV-to-FCF is 10.28 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Devolver Digital's current EV-to-FCF is -11.65. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Devolver Digital stock overvalued right now?
Based on GuruFocus' analysis, Devolver Digital (FRA:8CO) is currently considered Significantly Undervalued. The stock's GF Value™ is €0.30, compared to a current price of €0.20 — trading 34% below its estimated fair value. The current EV-to-FCF is -11.65. Devolver Digital's overall GF Score™ is 38/100 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-FCF calculated?
EV-to-FCF is calculated from a company's financial statements. For Devolver Digital (FRA:8CO), the current EV-to-FCF is -11.65 as of Jul. 18, 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 Devolver Digital (FRA:8CO) Overvalued in 2026?

Based on GuruFocus' analysis, Devolver Digital stock appears to be undervalued. The current stock price of €0.20 is trading 34% below its estimated GF Value™ of €0.30. GuruFocus considers Devolver Digital to be Significantly Undervalued.

Key valuation signals for FRA:8CO:

  • EV-to-FCF: -11.65
  • GF Value™: €0.30 vs. price of €0.20 (34% below fair value)
  • GF Score™: 38/100 with 3 warning signs

No single metric tells the full story. See the FRA:8CO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Devolver Digital Business Description

Other Exchanges DEVO:UK
Address 251 Little Falls Drive, Wilmington, New Castle County, DE, USA, 19808
Devolver Digital Inc is engaged in the business of developing video games. Some of its games include Look Outside, Shotgun Cop Man, Forestrike, Minos, Shroom and Gloom, and others. The company operates in the USA, Croatia, the UK, the Netherlands, and Poland.
38GF Score

Get the complete analysis for FRA:8CO

EV-to-FCF is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€0.20
Price
€0.30
GF Value