Frontier DevelopmentsCHIX:FDEVL +1.99%49 ROC (Joel Greenblatt) % is 73.97% as of Nov. 2025, which is 11% below its 10-year median of 83.15. GuruFocus rates CHIX:FDEVL with a GF Score™ of 49/100 and a GF Value™ of £2.83 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 550 Interactive Media companies, Frontier Developments ranks better than 62.91% on this metric.
Joel Greenblatt defined Return on Capital differently in his book The Little Book That Still Beats the Market (Little Books. Big Profits). He defines ROC (Joel Greenblatt) % as EBIT divided by the total of Property, Plant and Equipment and net working capital. Frontier Developments's annualized ROC (Joel Greenblatt) % for the quarter that ended in Nov. 2025 was 73.97%.
The historical rank and industry rank for Frontier Developments's ROC (Joel Greenblatt) % or its related term are showing as below:
CHIX:FDEVl'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -110.41 Med: 83.15 Max: 1558.4
Current: 64.59
During the past 13 years, Frontier Developments's highest ROC (Joel Greenblatt) % was 1558.40%. The lowest was -110.41%. And the median was 83.15%.
CHIX:FDEVl's ROC (Joel Greenblatt) % is ranked better than 62.91% of 550
companies
in the Interactive Media industry
Industry Median: 19.35
vs CHIX:FDEVl: 64.59
Frontier Developments's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.
The way Joel Greenblatt defines Return on Capital is a more accurate measure of how efficiently the company generates returns onthe capital actually invested in the business. EBIT is used instead of net income because the tax and interest payment may be affected by factors other than the core business operation. Intangible assets are not included in the calculation because they don't need to be replaced.
Frontier Developments ROC (Joel Greenblatt) % Related Terms
Frontier Developments ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Frontier Developments's ROC (Joel Greenblatt) % 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.
CHIX:FDEVL vs NTES, EA, TTWO: ROC (Joel Greenblatt) % Comparison
For the Electronic Gaming & Multimedia subindustry, Frontier Developments's ROC (Joel Greenblatt) %, along with its competitors' market caps and ROC (Joel Greenblatt) % 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 ROC (Joel Greenblatt) % vs Interactive Media Industry
For the Interactive Media industry and Communication Services sector, Frontier Developments's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Frontier Developments's ROC (Joel Greenblatt) % falls into.
Joel Greenblatt defined Return on Capital differently in his book The Little Book That Still Beats the Market (Little Books. Big Profits) . He defines Return on Capital as follows:
EBIT stands for Earnings Before Interest and Taxes.
Fixed Assets are also known as non-current assets. They include the Property, Plant and Equipment that the firm needs in its operation.
GuruFocus calculates net working capital as: (Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Deferred Revenue + Other Current Liabilities). We're trying to account for OPERATING assets and liabilities (part of daily business) when calculating working capital. Cash and marketable securities are considered NON-OPERATING assets and are not included in calculation. We will also back out all interest bearing debt, short term debt and the portion of long term debt that is due in the current period from the current liabilities. This debt will be considered when computing cost of capital and it would be inappropriate to count it twice.
Note:
The EBIT data used here is two times the semi-annual (Nov. 2025) EBIT data.
* 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 ROC (Joel Greenblatt) % of 73.97% mean?
Frontier Developments (CHIX:FDEVL) has a ROC (Joel Greenblatt) % of 73.97% as of Nov. 2025. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Frontier Developments and its competitors. This is 11% below median its historical median of 83.15. According to the industry distribution chart, Frontier Developments ranks #204 out of 550 companies in the Interactive Media industry, placing it in the top 37.1%.
Is Frontier Developments' ROC (Joel Greenblatt) % too high?
Frontier Developments' current ROC (Joel Greenblatt) % of 73.97% is 11% below median its 10-year median of 83.15. The Interactive Media industry median ROC (Joel Greenblatt) % is 19.35. Frontier Developments' value of 73.97% is 282.3% above this industry median. Based on the distribution chart, Frontier Developments ranks #204 out of 550 companies in the Interactive Media industry, which is above the industry midpoint. Overall, Frontier Developments has a GF Score™ of 49/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Frontier Developments' ROC (Joel Greenblatt) % compare to NTES and EA?
According to the Interactive Media industry distribution chart, Frontier Developments ranks #204 out of 550 companies for ROC (Joel Greenblatt) %. This puts Frontier Developments in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 19.35. Frontier Developments' value of 73.97% is 282.3% above this benchmark. While the company's 10-year median is 83.15 vs. the industry median of 19.35, 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 ROC (Joel Greenblatt) % for an Interactive Media company?
The median ROC (Joel Greenblatt) % among Interactive Media companies is 19.35, based on 550 companies in the industry. Companies in the top quartile (top 25%) have a ROC (Joel Greenblatt) % significantly above this median, while those in the bottom quartile fall well below. However, ROC (Joel Greenblatt) % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Frontier Developments's current ROC (Joel Greenblatt) % of 73.97% is 282.3% 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 ROC (Joel Greenblatt) % mean?
A high ROC (Joel Greenblatt) % can signal that a stock is expensive relative to its fundamentals. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Frontier Developments and its competitors. For the Interactive Media industry, the median ROC (Joel Greenblatt) % is 19.35 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Frontier Developments's current ROC (Joel Greenblatt) % is 73.97%, which is 11% below median its own 10-year median of 83.15. 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 (CHIX:FDEVL) is currently considered Significantly Overvalued. The stock's GF Value™ is £2.83, compared to a current price of £4.10 — trading 44.7% above its estimated fair value. The current ROC (Joel Greenblatt) % is 73.97%, which is 11% below median its 10-year median of 83.15 and 282.3% above the Interactive Media industry median of 19.35. Frontier Developments' overall GF Score™ is 49/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROC (Joel Greenblatt) % calculated?
ROC (Joel Greenblatt) % is calculated from a company's financial statements. For Frontier Developments (CHIX:FDEVL), the current ROC (Joel Greenblatt) % is 73.97% 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 (CHIX:FDEVL) Overvalued in 2026?
Based on GuruFocus' analysis, Frontier Developments stock appears to be overvalued.
The current stock price of £4.10 is trading 44.7% above its estimated GF Value™ of £2.83.
GuruFocus considers Frontier Developments to be Significantly Overvalued.
Key valuation signals for CHIX:FDEVL:
ROC (Joel Greenblatt) %: 73.97% (11% below median its 10-year median of 83.15)
GF Value™: £2.83 vs. price of £4.10 (44.7% above fair value)
Industry Position: 282.3% above the Interactive Media median (#204 of 550)
No single metric tells the full story. See the CHIX:FDEVL 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.
49GF Score
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