Frontier DevelopmentsLSE:FDEV +1.88%67 Net Current Asset Value is £0.65 as of Nov. 2025, which is 100% below its 10-year median of 21.94. 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 366 Interactive Media companies, Frontier Developments ranks worse than 68.85% on this metric.
In calculating the Net Current Asset Value (NCAV), Benjamin Graham means a company's current assets (such as cash, marketable securities, and inventories) minus its total liabilities (including preferred stock, minority interest, and long-term debt).
Frontier Developments's net current asset value per share for the quarter that ended in Nov. 2025 was £0.65.
The historical rank and industry rank for Frontier Developments's Net Current Asset Value or its related term are showing as below:
LSE:FDEV'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 3.95 Med: 21.94 Max: 310
Current: 6.26
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Frontier Developments was 310.00. The lowest was 3.95. And the median was 21.94.
LSE:FDEV's Price-to-Net-Current-Asset-Value is ranked worse than 68.85% of 366
companies
in the Interactive Media industry
Industry Median: 3.55
vs LSE:FDEV: 6.26
Frontier Developments (LSE:FDEV) Net Current Asset Value Explanation
Benjamin Graham first discussed net current asset value (NCAV) in the 1934 edition of "Security Analysis", which he coauthored with David Dodd. In the book, (net) current asset value is defined as:" current assets alone, minus all liabilities and claims ahead of the issue."
The common definition of NCAV is: NCAV = current assets – [total liabilities + minority interest + preferred stock]
Net current assets exclude not only the intangible assets but also the fixed and miscellaneous assets. In addition, Graham believed that preferred stock belongs on the liability side of the balance sheet, not as part of capital and surplus. In "Security Analysis", preferred stock is dubbed "an imperfect creditorship position" that is best placed on the balance sheet alongside funded debt.
One research study, covering the years 1970 through 1983 showed that portfolios picked at the beginning of each year, and held for one year, returned 29.4 percent, on average, over the 13-year period, compared to 11.5 percent for the S&P 500 Index. Other studies of Grahams strategy produced similar results.
Benjamin Graham looked for companies whose market values were less than two-thirds of their Net-Net Working Capital. They are collected under our Net-Net screener.
Frontier Developments Net Current Asset Value Related Terms
Frontier Developments Net Current Asset Value Historical Data
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The historical data trend for Frontier Developments's Net Current Asset 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.
Frontier Developments Net Current Asset Value Chart
LSE:FDEV vs NTES, EA, TTWO: Net Current Asset Value Comparison
For the Electronic Gaming & Multimedia subindustry, Frontier Developments's Price-to-Net-Current-Asset-Value, along with its competitors' market caps and Price-to-Net-Current-Asset-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 Price-to-Net-Current-Asset-Value vs Interactive Media Industry
For the Interactive Media industry and Communication Services sector, Frontier Developments's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Frontier Developments's Price-to-Net-Current-Asset-Value falls into.
* 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 Net Current Asset Value of £0.65 mean?
Frontier Developments (LSE:FDEV) has a Net Current Asset Value of £0.65 as of Nov. 2025. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on Frontier Developments and its competitors. This is 97% below median its historical median of 21.94. Over the past decade, Frontier Developments' Net Current Asset Value has ranged from 3.95 to 310.00. According to the industry distribution chart, Frontier Developments ranks #252 out of 366 companies in the Interactive Media industry, placing it in the top 68.9%.
Is Frontier Developments' Net Current Asset Value too high?
Frontier Developments' current Net Current Asset Value of £0.65 is 97% below median its 10-year median of 21.94. Over the past 10 years, this metric has ranged from a low of 3.95 to a high of 310.00. Based on the distribution chart, Frontier Developments ranks #252 out of 366 companies in the Interactive Media industry, which is below 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' Net Current Asset Value compare to NTES and EA?
According to the Interactive Media industry distribution chart, Frontier Developments ranks #252 out of 366 companies for Net Current Asset Value. This places Frontier Developments in the lower half of its industry. The industry median Net Current Asset Value is 3.55. Historically, Frontier Developments' own Net Current Asset Value has ranged from 3.95 to 310.00 over the past decade. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net Current Asset Value for an Interactive Media company?
The median Net Current Asset Value among Interactive Media companies is 3.55, based on 366 companies in the industry. Companies in the top quartile (top 25%) have a Net Current Asset Value significantly above this median, while those in the bottom quartile fall well below. However, Net Current Asset 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 Net Current Asset Value mean?
A high Net Current Asset Value can signal that a stock is expensive relative to its fundamentals. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on Frontier Developments and its competitors. For the Interactive Media industry, the median Net Current Asset Value is 3.55 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Frontier Developments's current Net Current Asset Value is £0.65, which is 97% below median its own 10-year median of 21.94. 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 £4.07 — trading 44.8% above its estimated fair value. The current Net Current Asset Value is £0.65, which is 97% below median its 10-year median of 21.94. 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 Net Current Asset Value calculated?
Net Current Asset Value is calculated from a company's financial statements. For Frontier Developments (LSE:FDEV), the current Net Current Asset Value is £0.65 as of Nov. 2025. 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 £4.07 is trading 44.8% above its estimated GF Value™ of £2.81.
GuruFocus considers Frontier Developments to be Significantly Overvalued.
Key valuation signals for LSE:FDEV:
Net Current Asset Value: £0.65 (97% below median its 10-year median of 21.94)
GF Value™: £2.81 vs. price of £4.07 (44.8% 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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