🚀 VC round data is live in beta, check it out!
Frozen Way Valuation Multiples
Discover revenue and EBITDA valuation multiples for Frozen Way and similar public comparables like Ice Code Games, Vivid Games, Sonka, Beyond Frames and more.
Frozen Way Overview
About Frozen Way
Frozen Way SA is a Poland-based developer of video games. It is an independent game development studio and publisher. Its game portfolio comprises House Flipper Pets, House Flipper VR, and Builder Simulator.
Founded
2017
HQ
Employees
52
Website
Sectors
Financials (FY)
EV
$10M
Frozen Way Financials
Frozen Way reported last fiscal year revenue of $3M and EBITDA of $897K.
In the same fiscal year, Frozen Way generated $5M in gross profit, $897K in EBITDA, and $760K in net income.
Frozen Way P&L
In the most recent fiscal year, Frozen Way reported revenue of $3M and EBITDA of $897K.
Frozen Way expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | — | XXX | $3M | XXX | XXX | XXX |
| Gross Profit | — | XXX | $5M | XXX | XXX | XXX |
| Gross Margin | — | XXX | 157% | XXX | XXX | XXX |
| EBITDA | — | XXX | $897K | XXX | XXX | XXX |
| EBITDA Margin | — | XXX | 28% | XXX | XXX | XXX |
| EBIT Margin | — | XXX | 29% | XXX | XXX | XXX |
| Net Profit | — | XXX | $760K | XXX | XXX | XXX |
| Net Margin | — | XXX | 24% | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Frozen Way Stock Performance
Frozen Way has current market cap of $12M, and enterprise value of $10M.
Market Cap Evolution
Frozen Way's stock price is $10.94.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $10M | $12M | -0.4% | XXX | XXX | XXX | $0.72 |
Benchmark Trading Valuation Multiples by Industry
Sign up to access valuation multiples like growth-adjusted P/E, Rule of 40, next 12-month EV/Revenue, EBITDA multiples by industry, consensus analyst estimates and many more.
Start Free TrialFrozen Way Valuation Multiples
Frozen Way trades at 3.2x EV/Revenue multiple, and 11.3x EV/EBITDA.
Frozen Way Financial Valuation Multiples
As of April 5, 2026, Frozen Way has market cap of $12M and EV of $10M.
Equity research analysts estimate Frozen Way's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Frozen Way has a P/E ratio of 15.2x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $12M | XXX | $12M | XXX | XXX | XXX |
| EV (current) | $10M | XXX | $10M | XXX | XXX | XXX |
| EV/Revenue | — | XXX | 3.2x | XXX | XXX | XXX |
| EV/EBITDA | — | XXX | 11.3x | XXX | XXX | XXX |
| EV/EBIT | — | XXX | 10.9x | XXX | XXX | XXX |
| EV/Gross Profit | — | XXX | 2.0x | XXX | XXX | XXX |
| P/E | — | XXX | 15.2x | XXX | XXX | XXX |
| EV/FCF | — | XXX | 23.7x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Frozen Way 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.
Frozen Way Margins & Growth Rates
Frozen Way's revenue in the last fiscal year declined by (12%).
Frozen Way's revenue per employee in the last FY averaged $0.1M, while opex per employee averaged $0.1M for the same period.
Frozen Way Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | — | XXX | (12%) | XXX | XXX | XXX |
| EBITDA Margin | — | XXX | 28% | XXX | XXX | XXX |
| EBITDA Growth | — | XXX | (39%) | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.1M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.1M | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 128% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Frozen Way Public Comps
See public comps and valuation multiples for other Gaming - Console & PC comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Ice Code Games | XXX | XXX | XXX | XXX | XXX | XXX |
| Vivid Games | XXX | XXX | XXX | XXX | XXX | XXX |
| Sonka | XXX | XXX | XXX | XXX | XXX | XXX |
| Beyond Frames | XXX | XXX | XXX | XXX | XXX | XXX |
| Gaming Factory | 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.
Frozen Way M&A Activity
Frozen Way acquired XXX companies to date.
Last acquisition by Frozen Way was on XXXXXXXX, XXXXX. Frozen Way acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Frozen Way
| 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 |
Get Verified M&A Valuation Multiples
Sign up to see revenue and EBITDA valuation multiples for 150K+ M&A deals.
Start Free TrialFrozen Way Investment Activity
Frozen Way invested in XXX companies to date.
Frozen Way made its latest investment on XXXXXXXX, XXXXX. Frozen Way invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Frozen Way
| 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 |
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialAbout Frozen Way
| When was Frozen Way founded? | Frozen Way was founded in 2017. |
| Where is Frozen Way headquartered? | Frozen Way is headquartered in Poland. |
| How many employees does Frozen Way have? | As of today, Frozen Way has over 52 employees. |
| Is Frozen Way publicly listed? | Yes, Frozen Way is a public company listed on Warsaw Stock Exchange. |
| What is the stock symbol of Frozen Way? | Frozen Way trades under FRW ticker. |
| When did Frozen Way go public? | Frozen Way went public in 2023. |
| Who are competitors of Frozen Way? | Frozen Way main competitors are Ice Code Games, Vivid Games, Sonka, Beyond Frames. |
| What is the current market cap of Frozen Way? | Frozen Way's current market cap is $12M. |
| What is the current revenue of Frozen Way? | Frozen Way's last fiscal year revenue is $3M. |
| What is the current EV/Revenue multiple of Frozen Way? | Current revenue multiple of Frozen Way is 3.2x. |
| Is Frozen Way profitable? | No, Frozen Way is not profitable. |
Start Your
Free Trial Today
Try Multiples for free for 3 days. Got questions or need a demo? Schedule a call with us below.