Frontier Developments PLC
LSE:FDEV

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Frontier Developments PLC Logo
Frontier Developments PLC
LSE:FDEV
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Price: 389.32 GBX 2.86%
Market Cap: £143.9m

EV/EBITDA

3
Current
10%
Cheaper
vs 3-y median of 3.3

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

EV/EBITDA
3
=
Enterprise Value
GBX120.3m
/
EBITDA
£40.1m

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

EV/EBITDA
3
=
Enterprise Value
GBX120.3m
/
EBITDA
£40.1m

Valuation Scenarios

Frontier Developments PLC is trading below its 3-year average

If EV/EBITDA returns to its 3-Year Average (3.3), the stock would be worth GBX432.92 (11% upside from current price).

Statistics
Positive Scenarios
2/4
Maximum Downside
-100%
Maximum Upside
+36%
Average Downside
38%
Scenario EV/EBITDA Value Implied Price Upside/Downside
Current Multiple 3 GBX389.32
0%
3-Year Average 3.3 GBX432.92
+11%
5-Year Average 4.1 GBX530.1
+36%
Industry Average 0 GBX1.9
-100%
Country Average 0 GBX2.55
-99%

Forward EV/EBITDA
Today’s price vs future ebitda

Today's Enterprise Value EBITDA Forward EV/EBITDA
GBX120.3m
/
Dec 2025
£40.1m
=
3
Current
GBX120.3m
/
May 2026
£11.6m
=
10.3
Forward
GBX120.3m
/
May 2027
£28m
=
4.3
Forward
GBX120.3m
/
May 2028
£19.5m
=
6.2
Forward

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

Peer Comparison

All Multiples
EV/EBITDA
P/E
All Countries
Close
Market Cap EV/EBITDA P/E
UK
Frontier Developments PLC
LSE:FDEV
147.3m GBP 3 7.2
US
Activision Blizzard Inc
LSE:0H8X
74.1B USD 24.6 34.2
CN
NetEase Inc
NASDAQ:NTES
73.2B USD 9.2 15
JP
Nintendo Co Ltd
TSE:7974
10.1T JPY 22.2 25.2
SG
Sea Ltd
NYSE:SE
56.2B USD 23.9 35.6
US
Electronic Arts Inc
NASDAQ:EA
50.2B USD 37.2 73.9
US
Roblox Corp
NYSE:RBLX
46.6B USD -45 -44
US
Take-Two Interactive Software Inc
NASDAQ:TTWO
39.4B USD 40.6 -9.9
CN
Zhejiang Century Huatong Group Co Ltd
SZSE:002602
133.8B CNY 21.8 35.5
JP
Konami Holdings Corp
TSE:9766
2.7T JPY 16.6 31.6
JP
Nexon Co Ltd
TSE:3659
2.4T JPY 11.5 26.1
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
UK
Frontier Developments PLC
LSE:FDEV
Average EV/EBITDA: 21.1
3
-19%
N/A
US
A
Activision Blizzard Inc
LSE:0H8X
24.6
30%
0.8
CN
NetEase Inc
NASDAQ:NTES
9.2
12%
0.8
JP
Nintendo Co Ltd
TSE:7974
22.2
33%
0.7
SG
Sea Ltd
NYSE:SE
23.9
57%
0.4
US
Electronic Arts Inc
NASDAQ:EA
37.2
20%
1.9
US
Roblox Corp
NYSE:RBLX
Negative Multiple: -45 N/A N/A
US
Take-Two Interactive Software Inc
NASDAQ:TTWO
40.6
59%
0.7
CN
Z
Zhejiang Century Huatong Group Co Ltd
SZSE:002602
21.8
61%
0.4
JP
Konami Holdings Corp
TSE:9766
16.6
15%
1.1
JP
N
Nexon Co Ltd
TSE:3659
11.5
13%
0.9

Market Distribution

Higher than 91% of companies in United Kingdom
Percentile
91st
Based on 1 967 companies
91st percentile
3
Low
0 — 0
Typical Range
0 — 0
High
0 —
Distribution Statistics
United Kingdom
Min 0
30th Percentile 0
Median 0
70th Percentile 0
Max 743.2

Frontier Developments PLC
Glance View

Market Cap
143.9m 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
HIDDEN
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