Frontier Developments (LSE:FDEV) Scaled Net Operating Assets: 0.56 (As of Nov. 2025)


LSE:FDEV Frontier Developments PLC LSE:FDEV
67 GF Score
Price £4.03
GF Value £2.81
Valuation Significantly Overvalued
! 3 Warning Signs
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What is Frontier Developments Scaled Net Operating Assets?

Frontier Developments LSE:FDEV -0.37% 67 Scaled Net Operating Assets is 0.56 as of Nov. 2025. 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.

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Frontier Developments's operating assets for the quarter that ended in Nov. 2025 was £96.5 Mil. Frontier Developments's operating liabilities for the quarter that ended in Nov. 2025 was £23.9 Mil. Frontier Developments's Total Assets for the quarter that ended in May. 2025 was £130.7 Mil. Therefore, Frontier Developments's scaled net operating assets (SNOA) for the quarter that ended in Nov. 2025 was 0.56.


Frontier Developments Scaled Net Operating Assets Historical Data

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The historical data trend for Frontier Developments's Scaled Net Operating Assets 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 Scaled Net Operating Assets Chart

Frontier Developments Annual Data
Trend May16 May17 May18 May19 May20 May21 May22 May23 May24 May25
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.65 0.62 0.51 0.49 0.61

Frontier Developments Semi-Annual Data
May16 Nov16 May17 Nov17 May18 Nov18 May19 Nov19 May20 Nov20 May21 Nov21 May22 Nov22 May23 Nov23 May24 Nov24 May25 Nov25
Scaled Net Operating Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.47 0.65 0.64 0.60 0.56

LSE:FDEV vs NTES, EA, TTWO: Scaled Net Operating Assets Comparison

For the Electronic Gaming & Multimedia subindustry, Frontier Developments's Scaled Net Operating Assets, along with its competitors' market caps and Scaled Net Operating Assets 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 Scaled Net Operating Assets vs Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Frontier Developments's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Frontier Developments's Scaled Net Operating Assets falls into.


LSE:FDEV
67GF Score
Frontier Developments PLC LSE:FDEV
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Frontier Developments Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Frontier Developments's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in May. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: May. 2025 )
=(Operating Assets (A: May. 2025 )-Operating Liabilities (A: May. 2025 ))/Total Assets (A: May. 2024 )
=(88.191-16.064)/117.385
=0.61

where

Operating Assets(A: May. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=130.693 - 42.502
=88.191

Operating Liabilities(A: May. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=35.531 - 17.644 - 1.823
=16.064

Frontier Developments's Scaled Net Operating Assets (SNOA) for the quarter that ended in Nov. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Nov. 2025 )
=(Operating Assets (Q: Nov. 2025 )-Operating Liabilities (Q: Nov. 2025 ))/Total Assets (Q: May. 2025 )
=(96.476-23.857)/130.693
=0.56

where

Operating Assets(Q: Nov. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=136.589 - 40.113
=96.476

Operating Liabilities(Q: Nov. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=42.421 - 16.693 - 1.871
=23.857

* 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 Scaled Net Operating Assets of 0.56 mean?
Frontier Developments (LSE:FDEV) has a Scaled Net Operating Assets of 0.56 as of Nov. 2025. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Frontier Developments and its competitors.
Is Frontier Developments' Scaled Net Operating Assets too high?
Frontier Developments' current Scaled Net Operating Assets is 0.56. 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' Scaled Net Operating Assets compare to NTES and EA?
Frontier Developments' Scaled Net Operating Assets of 0.56 can be compared against companies in the Interactive Media industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Scaled Net Operating Assets for an Interactive Media company?
A good Scaled Net Operating Assets depends on the Interactive Media industry context. However, Scaled Net Operating Assets 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 Scaled Net Operating Assets mean?
A high Scaled Net Operating Assets can signal that a stock is expensive relative to its fundamentals. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Frontier Developments and its competitors. Frontier Developments's current Scaled Net Operating Assets is 0.56. 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 Scaled Net Operating Assets is 0.56. 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 Scaled Net Operating Assets calculated?
Scaled Net Operating Assets is calculated from a company's financial statements. For Frontier Developments (LSE:FDEV), the current Scaled Net Operating Assets is 0.56 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 £4.03 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:

  • Scaled Net Operating Assets: 0.56
  • GF Value™: £2.81 vs. price of £4.03 (43.4% above fair value)
  • GF Score™: 67/100 with 3 warning signs

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 Business Description

Address Milton Road, 26 Science Park, Cambridge, GBR, CB4 0FP
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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Scaled Net Operating Assets is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

£4.03
Price
£2.81
GF Value