Frontier DevelopmentsLSE:FDEV +3.98%67 Return-on-Tangible-Asset is 18.97% as of Nov. 2025, which is 10% above its 10-year median of 17.22. 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 567 Interactive Media companies, Frontier Developments ranks better than 91.71% on this metric.
Return-on-Tangible-Asset is calculated as Net Income divided by its average total tangible assets. Total tangible assets equals to Total Assets minus Intangible Assets. Frontier Developments's annualizedNet Income for the quarter that ended in Nov. 2025 was £16.0 Mil. Frontier Developments's average total tangible assets for the quarter that ended in Nov. 2025 was £84.5 Mil. Therefore, Frontier Developments's annualized Return-on-Tangible-Asset for the quarter that ended in Nov. 2025 was 18.97%.
The historical rank and industry rank for Frontier Developments's Return-on-Tangible-Asset or its related term are showing as below:
LSE:FDEV'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -28.33 Med: 17.22 Max: 54.17
Current: 24.49
During the past 13 years, Frontier Developments's highest Return-on-Tangible-Asset was 54.17%. The lowest was -28.33%. And the median was 17.22%.
LSE:FDEV's Return-on-Tangible-Asset is ranked better than 91.71% of 567
companies
in the Interactive Media industry
Industry Median: 0.88
vs LSE:FDEV: 24.49
Return-on-Tangible-Asset measures the rate of return on the average total tangible assets (total assets minus intangible assets). Tangible means physical in nature. Intangible Assets are assets that are not physical in nature, and typically "derive their value from legal or intellectual rights." Return-on-Tangible-Asset measures a firm's efficiency at generating profits from its tangible assets. It shows how well a company uses what it has to generate earnings. Return-on-Tangible-Assets can vary drastically across industries. Therefore, Return-on-Tangible-Asset should not be used to compare companies in different industries.
Be Aware
Like ROE and ROA, Return-on-Tangible-Asset is calculated with only 12 months data. Fluctuations in the companys earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. Return-on-Tangible-Asset can be affected by events such as stock buyback or issuance, and by a companys tax rate and its interest payment. Return-on-Tangible-Asset may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high Return-on-Tangible-Asset may indicate vulnerability in the durability of the competitive advantage.
Frontier Developments Return-on-Tangible-Asset Related Terms
Frontier Developments Return-on-Tangible-Asset Historical Data
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The historical data trend for Frontier Developments's Return-on-Tangible-Asset 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.
LSE:FDEV vs NTES, EA, TTWO: Return-on-Tangible-Asset Comparison
For the Electronic Gaming & Multimedia subindustry, Frontier Developments's Return-on-Tangible-Asset, along with its competitors' market caps and Return-on-Tangible-Asset 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 Return-on-Tangible-Asset vs Interactive Media Industry
For the Interactive Media industry and Communication Services sector, Frontier Developments's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Frontier Developments's Return-on-Tangible-Asset 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.
In the calculation of annual Return-on-Tangible-Asset, the net income of the last fiscal year and the average total tangible assets over the fiscal year are used. In calculating the quarterly data,
the Net Income data used here is two times the semi-annual (Nov. 2025) net income data.
What does a Return-on-Tangible-Asset of 18.97% mean?
Frontier Developments (LSE:FDEV) has a Return-on-Tangible-Asset of 18.97% as of Nov. 2025. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Frontier Developments and its competitors. This is 10% above median its historical median of 17.22. According to the industry distribution chart, Frontier Developments ranks #47 out of 567 companies in the Interactive Media industry, placing it in the top 8.3%.
Is Frontier Developments' Return-on-Tangible-Asset too high?
Frontier Developments' current Return-on-Tangible-Asset of 18.97% is 10% above median its 10-year median of 17.22. The Interactive Media industry median Return-on-Tangible-Asset is 0.88. Frontier Developments' value of 18.97% is 2055.7% above this industry median. Based on the distribution chart, Frontier Developments ranks #47 out of 567 companies in the Interactive Media industry, which is in the top quartile — a strong position relative to peers. 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' Return-on-Tangible-Asset compare to NTES and EA?
According to the Interactive Media industry distribution chart, Frontier Developments ranks #47 out of 567 companies for Return-on-Tangible-Asset. This places Frontier Developments in the top 8% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 0.88. Frontier Developments' value of 18.97% is 2055.7% above this benchmark. While the company's 10-year median is 17.22 vs. the industry median of 0.88, Frontier Developments has consistently been above 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 Return-on-Tangible-Asset for an Interactive Media company?
The median Return-on-Tangible-Asset among Interactive Media companies is 0.88, based on 567 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Asset significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Frontier Developments's current Return-on-Tangible-Asset of 18.97% is 2055.7% above 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 Return-on-Tangible-Asset mean?
A high Return-on-Tangible-Asset can signal that a stock is expensive relative to its fundamentals. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Frontier Developments and its competitors. For the Interactive Media industry, the median Return-on-Tangible-Asset is 0.88 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Frontier Developments's current Return-on-Tangible-Asset is 18.97%, which is 10% above median its own 10-year median of 17.22. 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 £4.45 — trading 58.2% above its estimated fair value. The current Return-on-Tangible-Asset is 18.97%, which is 10% above median its 10-year median of 17.22 and 2055.7% above the Interactive Media industry median of 0.88. 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 Return-on-Tangible-Asset calculated?
Return-on-Tangible-Asset is calculated from a company's financial statements. For Frontier Developments (LSE:FDEV), the current Return-on-Tangible-Asset is 18.97% 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 £4.45 is trading 58.2% above its estimated GF Value™ of £2.81.
GuruFocus considers Frontier Developments to be Significantly Overvalued.
Key valuation signals for LSE:FDEV:
Return-on-Tangible-Asset: 18.97% (10% above median its 10-year median of 17.22)
GF Value™: £2.81 vs. price of £4.45 (58.2% above fair value)
Industry Position: 2055.7% above the Interactive Media median (#47 of 567)
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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