GameStop Corp. (GME) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

-84.3%

$4.04

vs $25.66 price

Levered DCF

$4.31

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

2.85

Grey zone

Rating

A-

Overall 4 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
P/E	25.68×	81.52×	646.82×	-21.23×	-20.79×	-67.77×	-0.72×	-1.72×
P/B	1.96×	2.15×	3.24×	5.03×	4.93×	33.49×	0.55×	0.87×
P/S	2.94×	2.77×	0.82×	1.12×	1.32×	2.87×	0.05×	0.14×
EV / EBITDA	21.68×	279.25×	151.8×	-24.8×	-25.6×	-87.15×	-3.38×	-0.62×
Gross margin	32.4%	29.1%	24.5%	23.1%	22.4%	24.7%	29.5%	27.9%
Operating margin	7.9%	-0.7%	-0.7%	-5.3%	-6.1%	-4.7%	-6.2%	-8.5%
Net margin	11.5%	3.4%	0.1%	-5.3%	-6.3%	-4.2%	-7.3%	-8.1%
Current ratio	15.3×	8.05×	2.11×	1.74×	1.92×	1.16×	1.32×	1.43×
Debt / equity	0.8×	0.08×	0.45×	0.47×	0.4×	2.4×	1.94×	0.61×
Interest coverage	0×	0×	0×	0×	-13.7×	-6.99×	-10.38×	-12.36×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	12.1%	13.6%
Payout ratio	0.0%	0.0%	0.0%	0.0%	0.0%	-0.1%	-8.6%	-23.4%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	7.7%	2.7%	0.5%	-23.7%	-23.8%	-49.3%	-77.0%	-50.4%
Return on invested capital	2.9%	-0.5%	-0.9%	-15.7%	-15.1%	-12.6%	-21.9%	-31.7%
Return on assets	4.0%	2.2%	0.2%	-10.1%	-10.9%	-8.7%	-16.7%	-16.6%
Free cash flow yield	5.6%	1.2%	-5.5%	0.8%	-6.3%	0.4%	-146.7%	20.0%
Earnings yield	3.9%	1.2%	0.2%	-4.7%	-4.8%	-1.5%	-140.1%	-58.1%
Enterprise value	$8.7B	$6.3B	$4B	$6.1B	$7.3B	$15.2B	$1B	$355.4M
Net debt / EBITDA	-4.81×	-194.03×	-12.03×	2.11×	2.19×	-3.09×	-2.27×	1.41×
Cash conversion cycle (days)	43	50	35	22	43	32	46	18