Frontier DevelopmentsLSE:FDEV -0.37%67 EV-to-FCF is 5.75 as of Jun. 25, 2026, which is 88% below its 10-year median of 46.07. 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 337 Interactive Media companies, Frontier Developments ranks better than 63.5% on this metric.
EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, Frontier Developments's Enterprise Value is £118.4 Mil.
Frontier Developments's Free Cash Flow for the trailing twelve months (TTM) ended in Nov. 2025 was £20.6 Mil. Therefore, Frontier Developments's EV-to-FCF for today is 5.75.
The historical rank and industry rank for Frontier Developments's EV-to-FCF or its related term are showing as below:
LSE:FDEV'
s EV-to-FCF Range Over the Past 10 Years
Min: -86.33 Med: 46.07 Max: 262.15
Current: 5.75
During the past 13 years, the highest EV-to-FCF of Frontier Developments was 262.15. The lowest was -86.33. And the median was 46.07.
LSE:FDEV's EV-to-FCF is ranked better than 63.5% of 337
companies
in the Interactive Media industry
Industry Median: 10.09
vs LSE:FDEV: 5.75
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.
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.
Frontier Developments's PE Ratio (TTM) for today is calculated as:
Frontier Developments's share price for today is £4.03.
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. 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.
* 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-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.
Frontier Developments EV-to-FCF vs Interactive Media Industry
For the Interactive Media industry and Communication Services sector, Frontier Developments's EV-to-FCF distribution charts can be found below:
* The bar in red indicates where Frontier Developments's EV-to-FCF falls into.
Frontier Developments's current Enterprise Value is £118.4 Mil.
For company reported semi-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 (LSE:FDEV) has a EV-to-FCF of 5.75 as of Jun. 25, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Frontier Developments and its competitors. This is 88% below median its historical median of 46.07. According to the industry distribution chart, Frontier Developments ranks #123 out of 337 companies in the Interactive Media industry, placing it in the top 36.5%.
Is Frontier Developments' EV-to-FCF too high?
Frontier Developments' current EV-to-FCF of 5.75 is 88% below median its 10-year median of 46.07. The Interactive Media industry median EV-to-FCF is 10.09. Frontier Developments' value of 5.75 is 43% below this industry median. Based on the distribution chart, Frontier Developments ranks #123 out of 337 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-FCF compare to NTES and EA?
According to the Interactive Media industry distribution chart, Frontier Developments ranks #123 out of 337 companies for EV-to-FCF. This puts Frontier Developments in the upper half of its industry. The industry median EV-to-FCF is 10.09. Frontier Developments' value of 5.75 is 43% below this benchmark. While the company's 10-year median is 46.07 vs. the industry median of 10.09, 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-FCF for an Interactive Media company?
The median EV-to-FCF among Interactive Media companies is 10.09, based on 337 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. Frontier Developments's current EV-to-FCF of 5.75 is 43% 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-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 Frontier Developments and its competitors. For the Interactive Media industry, the median EV-to-FCF is 10.09 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Frontier Developments's current EV-to-FCF is 5.75, which is 88% below median its own 10-year median of 46.07. 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 EV-to-FCF is 5.75, which is 88% below median its 10-year median of 46.07 and 43% below the Interactive Media industry median of 10.09. 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-FCF calculated?
EV-to-FCF is calculated from a company's financial statements. For Frontier Developments (LSE:FDEV), the current EV-to-FCF is 5.75 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:
EV-to-FCF: 5.75 (88% below median its 10-year median of 46.07)
GF Value™: £2.81 vs. price of £4.03 (43.4% above fair value)
Industry Position: 43% below the Interactive Media median (#123 of 337)
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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