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Frontier Developments Valuation Multiples
Discover revenue and EBITDA valuation multiples for Frontier Developments and similar public comparables like Marvelous, Digital Bros, Wayi International, X-LEGEND and more.
Frontier Developments Overview
About Frontier Developments
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.
Founded
1994
HQ
Employees
696
Website
Sectors
Financials (LTM)
EV
$157M
Frontier Developments Financials
Frontier Developments reported last 12-month revenue of $131M and EBITDA of $15M.
In the same LTM period, Frontier Developments generated $86M in gross profit, $15M in EBITDA, and $17M in net income.
Revenue (LTM)
Frontier Developments P&L
In the most recent fiscal year, Frontier Developments reported revenue of $123M and EBITDA of $49M.
Frontier Developments expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $131M | XXX | $123M | XXX | XXX | XXX |
| Gross Profit | $86M | XXX | $84M | XXX | XXX | XXX |
| Gross Margin | 66% | XXX | 68% | XXX | XXX | XXX |
| EBITDA | $15M | XXX | $49M | XXX | XXX | XXX |
| EBITDA Margin | 11% | XXX | 40% | XXX | XXX | XXX |
| EBIT Margin | 12% | XXX | 15% | XXX | XXX | XXX |
| Net Profit | $17M | XXX | $22M | XXX | XXX | XXX |
| Net Margin | 13% | XXX | 18% | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Frontier Developments Stock Performance
Frontier Developments has current market cap of $185M, and enterprise value of $157M.
Market Cap Evolution
Frontier Developments' stock price is $5.12.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $157M | $185M | -0.7% | XXX | XXX | XXX | $0.61 |
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Start Free TrialFrontier Developments Valuation Multiples
Frontier Developments trades at 1.2x EV/Revenue multiple, and 10.5x EV/EBITDA.
EV / Revenue (LTM)
Frontier Developments Financial Valuation Multiples
As of April 5, 2026, Frontier Developments has market cap of $185M and EV of $157M.
Equity research analysts estimate Frontier Developments' 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Frontier Developments has a P/E ratio of 11.1x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $185M | XXX | $185M | XXX | XXX | XXX |
| EV (current) | $157M | XXX | $157M | XXX | XXX | XXX |
| EV/Revenue | 1.2x | XXX | 1.3x | XXX | XXX | XXX |
| EV/EBITDA | 10.5x | XXX | 3.2x | XXX | XXX | XXX |
| EV/EBIT | 10.1x | XXX | 8.8x | XXX | XXX | XXX |
| EV/Gross Profit | 1.8x | XXX | 1.9x | XXX | XXX | XXX |
| P/E | 11.1x | XXX | 8.3x | XXX | XXX | XXX |
| EV/FCF | 9.3x | XXX | 11.0x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Frontier Developments Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
Frontier Developments Margins & Growth Rates
Frontier Developments' revenue in the last 12 month grew by 3%.
Frontier Developments' revenue per employee in the last FY averaged $0.2M, while opex per employee averaged $0.1M for the same period.
Frontier Developments' rule of 40 is 18% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Frontier Developments' rule of X is 27% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Frontier Developments Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 3% | XXX | 8% | XXX | XXX | XXX |
| EBITDA Margin | 11% | XXX | 40% | XXX | XXX | XXX |
| EBITDA Growth | 11% | XXX | (68%) | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 18% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 27% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.2M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.1M | XXX | XXX | XXX |
| S&M Expenses to Revenue | 8% | XXX | 8% | XXX | XXX | XXX |
| G&A Expenses to Revenue | 14% | XXX | 16% | XXX | XXX | XXX |
| R&D Expenses to Revenue | 27% | XXX | 34% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 59% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Frontier Developments Public Comps
See public comps and valuation multiples for other Gaming - Console & PC comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Marvelous | XXX | XXX | XXX | XXX | XXX | XXX |
| Digital Bros | XXX | XXX | XXX | XXX | XXX | XXX |
| Wayi International | XXX | XXX | XXX | XXX | XXX | XXX |
| X-LEGEND | XXX | XXX | XXX | XXX | XXX | XXX |
| Devolver Digital | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Frontier Developments M&A Activity
Frontier Developments acquired XXX companies to date.
Last acquisition by Frontier Developments was on XXXXXXXX, XXXXX. Frontier Developments acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Frontier Developments
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialFrontier Developments Investment Activity
Frontier Developments invested in XXX companies to date.
Frontier Developments made its latest investment on XXXXXXXX, XXXXX. Frontier Developments invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Frontier Developments
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Frontier Developments
| When was Frontier Developments founded? | Frontier Developments was founded in 1994. |
| Where is Frontier Developments headquartered? | Frontier Developments is headquartered in United Kingdom. |
| How many employees does Frontier Developments have? | As of today, Frontier Developments has over 696 employees. |
| Who is the CEO of Frontier Developments? | Frontier Developments' CEO is Johanna Mair Cooke. |
| Is Frontier Developments publicly listed? | Yes, Frontier Developments is a public company listed on London Stock Exchange. |
| What is the stock symbol of Frontier Developments? | Frontier Developments trades under FDEV ticker. |
| When did Frontier Developments go public? | Frontier Developments went public in 2013. |
| Who are competitors of Frontier Developments? | Frontier Developments main competitors are Marvelous, Digital Bros, Wayi International, X-LEGEND. |
| What is the current market cap of Frontier Developments? | Frontier Developments' current market cap is $185M. |
| What is the current revenue of Frontier Developments? | Frontier Developments' last 12 months revenue is $131M. |
| What is the current revenue growth of Frontier Developments? | Frontier Developments revenue growth (NTM/LTM) is 3%. |
| What is the current EV/Revenue multiple of Frontier Developments? | Current revenue multiple of Frontier Developments is 1.2x. |
| Is Frontier Developments profitable? | Yes, Frontier Developments is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Frontier Developments? | Frontier Developments' last 12 months EBITDA is $15M. |
| What is Frontier Developments' EBITDA margin? | Frontier Developments' last 12 months EBITDA margin is 11%. |
| What is the current EV/EBITDA multiple of Frontier Developments? | Current EBITDA multiple of Frontier Developments is 10.5x. |
| What is the current FCF of Frontier Developments? | Frontier Developments' last 12 months FCF is $17M. |
| What is Frontier Developments' FCF margin? | Frontier Developments' last 12 months FCF margin is 13%. |
| What is the current EV/FCF multiple of Frontier Developments? | Current FCF multiple of Frontier Developments is 9.3x. |
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