📣 VC round data is live. Check it out!
- Public Comps
- Frozen Way
Frozen Way Valuation Multiples
Discover revenue and EBITDA valuation multiples for Frozen Way and similar public comparables like Tech Robotics, Kinda Brave Entertainment, Avalon Holdings, Vivid Games 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
Valuation Multiples
Start free trialFrozen Way Financials
Frozen Way reported last fiscal year revenue of $3M and EBITDA of $915K.
In the same fiscal year, Frozen Way generated $5M in gross profit, $915K in EBITDA, and $776K in net income.
Frozen Way P&L
In the most recent fiscal year, Frozen Way reported revenue of $3M and EBITDA of $915K.
Frozen Way is profitable as of last fiscal year, with gross margin of 157%, EBITDA margin of 28%, and net margin of 24%.
Financial data powered by Morningstar, Inc.
Frozen Way Stock Performance
Frozen Way has current market cap of $11M, and enterprise value of $10M.
Market Cap Evolution
Frozen Way's stock price is $10.59.
Frozen Way share price increased by 1.5% in the last 30 days, and decreased by 3.3% in the last year.
Frozen Way has an EPS (earnings per share) of $0.74.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $10M | $11M | 0.5% | 1.5% | -6.3% | -3.3% | $0.74 |
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 3.0x EV/Revenue multiple, and 10.6x EV/EBITDA.
Frozen Way Financial Valuation Multiples
As of May 20, 2026, Frozen Way has market cap of $11M and EV of $10M.
Frozen Way has a P/E ratio of 14.4x.
Multiples above and below 250x are considered non-meaningful (n/m). 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
In the most recent fiscal year, Frozen Way reported gross margin of 157%, EBITDA margin of 28%, and net margin of 24%.
Frozen Way Margins
Frozen Way Growth Rates
Data powered by FactSet, Inc. and Morningstar, Inc.
Frozen Way Operational KPIs
Frozen Way's revenue per employee in the last FY averaged $0.1M, while opex per employee averaged $0.1M for the same period.
Data powered by FactSet, Inc. and Morningstar, Inc.
Frozen Way Competitors
Frozen Way competitors include Tech Robotics, Kinda Brave Entertainment, Avalon Holdings, Vivid Games, Lichthund, Sonka, Gaming Factory, Ice Code Games, Gamivo and Happytuk.
Most Frozen Way public comparables operate across Gaming - Console & PC.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| 344.6x | — | (54.7x) | — | |||
| 221.9x | — | (5.1x) | — | |||
| 0.5x | — | 7.3x | — | |||
| 4.5x | — | (20.0x) | — | |||
| 30.3x | — | (42.8x) | — | |||
| 5.7x | — | (331.9x) | — | |||
| 8.6x | — | (3.7x) | — | |||
| 8.1x | — | (97.4x) | — | |||
This data is available for Pro users. Sign up to see all Frozen Way competitors and their valuation data. Start Free Trial | ||||||
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 include Tech Robotics, Kinda Brave Entertainment, Avalon Holdings, Vivid Games, Lichthund, Sonka, Gaming Factory, Ice Code Games, Gamivo, Happytuk. |
| What is the current market cap of Frozen Way? | Frozen Way's current market cap is $11M. |
| 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 3.0x. |
| Is Frozen Way profitable? | No, Frozen Way is not profitable. |
| How many companies Frozen Way has acquired to date? | Frozen Way hasn't acquired any companies yet (or none have been disclosed publicly). |
| In how many companies Frozen Way has invested to date? | Frozen Way hasn't invested in any companies yet (or none have been disclosed publicly). |
See public comps similar to Frozen Way
Lists including Frozen Way
Start Your
Free Trial Today
Try Multiples for free for 3 days. Got questions or need a demo? Schedule a call with us below.