Frontier Developments PLC
LSE:FDEV

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Frontier Developments PLC
LSE:FDEV
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Price: 372 GBX 1.92% Market Closed
Market Cap: £136.4m

EV/EBIT

7.1
Current
6%
Cheaper
vs 3-y median of 7.6

Enterprise Value to EBIT (EV/EBIT) ratio compares a company`s total enterprise value to its earnings before interest and taxes. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBIT
7.1
=
Enterprise Value
GBX120.3m
/
EBIT
£15.9m

Enterprise Value to EBIT (EV/EBIT) ratio compares a company`s total enterprise value to its earnings before interest and taxes. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBIT
7.1
=
Enterprise Value
GBX120.3m
/
EBIT
£15.9m

Valuation Scenarios

Frontier Developments PLC is trading below its 3-year average

If EV/EBIT returns to its 3-Year Average (7.6), the stock would be worth GBX396.27 (7% upside from current price).

Statistics
Positive Scenarios
2/4
Maximum Downside
-100%
Maximum Upside
+36%
Average Downside
39%
Scenario EV/EBIT Value Implied Price Upside/Downside
Current Multiple 7.1 GBX372
0%
3-Year Average 7.6 GBX396.27
+7%
5-Year Average 9.6 GBX505.71
+36%
Industry Average 0 GBX0.95
-100%
Country Average 0 GBX1.54
-100%

Forward EV/EBIT
Today’s price vs future ebit

Today's Enterprise Value EBIT Forward EV/EBIT
GBX120.3m
/
Dec 2025
£15.9m
=
7.1
Current
GBX120.3m
/
May 2026
£10.7m
=
11.3
Forward
GBX120.3m
/
May 2027
£10.9m
=
11.1
Forward
GBX120.3m
/
May 2028
£8m
=
15
Forward

Forward EV/EBIT shows whether today’s EV/EBIT still looks high or low once future ebit are taken into account.

Peer Comparison

All Multiples
EV/EBIT
P/E
All Countries
Close
Market Cap EV/EBIT P/E
UK
Frontier Developments PLC
LSE:FDEV
137.5m GBP 7.1 6.9
US
Activision Blizzard Inc
LSE:0H8X
74.1B USD 28.9 34.2
CN
NetEase Inc
NASDAQ:NTES
72.6B USD 9.6 14.8
JP
Nintendo Co Ltd
TSE:7974
9.7T JPY 22 24.1
SG
Sea Ltd
NYSE:SE
50.9B USD 21.1 32.1
US
Electronic Arts Inc
NASDAQ:EA
50.7B USD 49.6 74.5
US
Roblox Corp
NYSE:RBLX
39.4B USD -30.6 -37
US
Take-Two Interactive Software Inc
NASDAQ:TTWO
36.5B USD -125 -9.2
CN
Zhejiang Century Huatong Group Co Ltd
SZSE:002602
125.5B CNY 20.4 33.3
JP
Konami Holdings Corp
TSE:9766
2.6T JPY 20.4 30.7
JP
Nexon Co Ltd
TSE:3659
2.1T JPY 10.1 22.9
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
UK
Frontier Developments PLC
LSE:FDEV
Average EV/EBIT: 21
7.1
-14%
N/A
US
A
Activision Blizzard Inc
LSE:0H8X
28.9
36%
0.8
CN
NetEase Inc
NASDAQ:NTES
9.6
11%
0.9
JP
Nintendo Co Ltd
TSE:7974
22
N/A N/A
SG
Sea Ltd
NYSE:SE
21.1
39%
0.5
US
Electronic Arts Inc
NASDAQ:EA
49.6
26%
1.9
US
Roblox Corp
NYSE:RBLX
Negative Multiple: -30.6 N/A N/A
US
Take-Two Interactive Software Inc
NASDAQ:TTWO
Negative Multiple: -125 N/A N/A
CN
Z
Zhejiang Century Huatong Group Co Ltd
SZSE:002602
20.4
56%
0.4
JP
Konami Holdings Corp
TSE:9766
20.4
N/A N/A
JP
N
Nexon Co Ltd
TSE:3659
10.1
N/A N/A
P/E Multiple
Earnings Growth PEG
UK
Frontier Developments PLC
LSE:FDEV
Average P/E: 30.4
6.9
-22%
N/A
US
A
Activision Blizzard Inc
LSE:0H8X
34.2
36%
1
CN
NetEase Inc
NASDAQ:NTES
14.8
14%
1.1
JP
Nintendo Co Ltd
TSE:7974
24.1
26%
0.9
SG
Sea Ltd
NYSE:SE
32.1
27%
1.2
US
Electronic Arts Inc
NASDAQ:EA
74.5
32%
2.3
US
Roblox Corp
NYSE:RBLX
Negative Multiple: -37 N/A N/A
US
Take-Two Interactive Software Inc
NASDAQ:TTWO
Negative Multiple: -9.2 N/A N/A
CN
Z
Zhejiang Century Huatong Group Co Ltd
SZSE:002602
33.3
104%
0.3
JP
Konami Holdings Corp
TSE:9766
30.7
22%
1.4
JP
N
Nexon Co Ltd
TSE:3659
22.9
18%
1.3

Market Distribution

Higher than 93% of companies in United Kingdom
Percentile
93rd
Based on 1 864 companies
93rd percentile
7.1
Low
0 — 0
Typical Range
0 — 0.1
High
0.1 —
Distribution Statistics
United Kingdom
Min 0
30th Percentile 0
Median 0
70th Percentile 0.1
Max 1 015

Frontier Developments PLC
Glance View

Market Cap
136.4m GBX
Industry
Media

Frontier Developments Plc engages in the development of videogames. The firm uses its COBRA game development technology to create various genre games, primarily for personal computers (PC) and video game consoles. In addition to self-publishing internally developed games, the Company also publishes games developed by selected partner studios under its Frontier Foundry games label. The firm's portfolio of games includes Elite Dangerous, Planet Coaster, Jurassic World Evolution, Planet Zoo, Jurassic World Evolution 2, and others. The firm has also released two titles under Frontier Foundry: RollerCoaster Tycoon 3: Complete Edition and Struggling on PC and Nintendo Switch. The firm's subsidiaries include Frontier Developments Inc. and Frontier Games Ltd.

FDEV Intrinsic Value
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