Frozen Way (WAR:FRW) GF Value Rank: 7 (As of Aug. 12, 2026) — 22% Below Median

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.

WAR:FRW Frozen Way SA WAR:FRW
87 GF Score
Price zł32.00
GF Value zł30.82
Valuation Fairly Valued
! 5 Warning Signs
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What is Frozen Way GF Value Rank?

Frozen Way WAR:FRW +4.92% 87 GF Value Rank is 7 as of Aug. 12, 2026, which is 22% below its 10-year median of 9.00. GuruFocus rates WAR:FRW with a GF Score™ of 87/100 and a GF Value™ of zł30.82 (Fairly Valued). The stock has 5 warning signs investors should review.

Frozen Way has the GF Value Rank of 7.

GF Value Rank evaluates the exclusive GuruFocus valuation and performance of a stock, rated on a scale from 1 to 10. It is determined by the price-to-GF-Value (P/GF Value) ratio, a proprietary metric calculated based on historical multiples along with an adjustment factor based on a company's past returns and growth and future estimates of the business' performance.

GuruFocus found that for valuation, we cannot simply give stocks a better GF Value rank simply because they have a lower P/GF Value ratio. Backtesting shows that over the long term, the two worst-performing groups are the most expensive group (with the highest P/GF Value ratio) and the least expensive group (with the lowest P/GF Value ratio).

We can understand why the most expensive group underperforms. We were initially puzzled by the underperformance of the least expensive group, but we realized there is a reason why some stocks are super cheap. If they look too undervalued, it is often because the businesses behind them are poor quality. The market realized this and gave them low valuations. In a way, the market is efficient.

After multiple backtesting analyses, we granted the stocks in third-cheapest percentile the highest GF Value rank, as they have performed the best over a full market cycle. Stock performance is actually not as sensitive to valuation as it is to growth and profitability. On average, the companies in the 20%-50% valuation groups have similar performances. Therefore, we should avoid the most expensive and the least expensive stocks. We can be more tolerant of valuation.

A higher score indicates a stock with a relatively low valuation and substantial potential for outperformance. Conversely, a lower score often reflects stocks that are either highly overvalued or deeply undervalued, both of which tend to underperform.

Please click GF Score to see more details on the GF Score's 5 Key Aspects of Analysis.

WAR:FRW vs NTES, EA, TTWO: GF Value Rank Comparison

For the Electronic Gaming & Multimedia subindustry, Frozen Way's GF Value Rank, along with its competitors' market caps and GF Value Rank 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 GF Value Rank vs Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Frozen Way's GF Value Rank distribution charts can be found below:

* The bar in red indicates where Frozen Way's GF Value Rank falls into.


WAR:FRW
87GF Score
Frozen Way SA WAR:FRW
GF Value Rank is just one metric. See GF Score™, valuation, warning signs, and more.
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Frequently Asked Questions Learn more about GF Value Rank →
What does a GF Value Rank of 7 mean?
Frozen Way (WAR:FRW) has a GF Value Rank of 7 as of Aug. 12, 2026. GF Value Rank is given based on historical multiples along with past returns, growth and future estimates of the business' performance. View historical data on Frozen Way and its competitors. This is 22% below median its historical median of 9.00. Over the past decade, Frozen Way's GF Value Rank has ranged from 5.00 to 10.00.
Is Frozen Way's GF Value Rank too high?
Frozen Way's current GF Value Rank of 7 is 22% below median its 10-year median of 9.00. Over the past 10 years, this metric has ranged from a low of 5.00 to a high of 10.00. Overall, Frozen Way has a GF Score™ of 87/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Frozen Way's GF Value Rank compare to NTES and EA?
Frozen Way's GF Value Rank of 7 can be compared against companies in the Interactive Media industry. Historically, Frozen Way's own GF Value Rank has ranged from 5.00 to 10.00 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 GF Value Rank for an Interactive Media company?
A good GF Value Rank depends on the Interactive Media industry context. However, GF Value Rank 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 GF Value Rank mean?
A high GF Value Rank can signal that a stock is expensive relative to its fundamentals. GF Value Rank is given based on historical multiples along with past returns, growth and future estimates of the business' performance. View historical data on Frozen Way and its competitors. Frozen Way's current GF Value Rank is 7, which is 22% below median its own 10-year median of 9.00. 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 zł30.82, compared to a current price of zł32.00 — trading 3.8% above its estimated fair value. The current GF Value Rank is 7, which is 22% below median its 10-year median of 9.00. Frozen Way's overall GF Score™ is 87/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is GF Value Rank calculated?
GF Value Rank is calculated from a company's financial statements. For Frozen Way (WAR:FRW), the current GF Value Rank is 7 as of Aug. 12, 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 overvalued. The current stock price of zł32.00 is trading 3.8% above its estimated GF Value™ of zł30.82. GuruFocus considers Frozen Way to be Fairly Valued.

Key valuation signals for WAR:FRW:

  • GF Value Rank: 7 (22% below median its 10-year median of 9.00)
  • GF Value™: zł30.82 vs. price of zł32.00 (3.8% above fair value)
  • GF Score™: 87/100 with 5 warning signs

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 Business Description

Address Armii Krajowej 25, Krakow, POL, 30-150
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.
87GF Score

Get the complete analysis for WAR:FRW

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

zł32.00
Price
zł30.82
GF Value