Latest Ratios: P/E Ratio -0.6x · EV/EBITDA N/A · ROE -168.3%. (2011–2025 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $34M | $25.3B | $23M | $20M | $22M | $79M | $27M | $8M | $13M | — | — |
| Enterprise Value | $31M | $25.3B | $33M | $32M | $21M | $74M | $41M | $19M | $13M | — | — |
| P/E Ratio → | -0.56 | — | — | — | — | — | — | — | — | — | — |
| P/S Ratio | 0.75 | 562.25 | 0.24 | 0.49 | 0.78 | 2.35 | 2.52 | 2.00 | 3.65 | — | — |
| P/B Ratio | 634.62 | 709.02 | 1.92 | 1.10 | 1.37 | 3.07 | 100.84 | — | 1.90 | — | — |
| P/FCF | — | — | — | — | — | — | — | — | — | — | — |
| P/OCF | — | — | — | — | — | — | — | — | — | — | — |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 562.19 | 0.34 | 0.78 | 0.76 | 2.23 | 3.90 | 4.53 | 3.56 | — | — |
| EV / EBITDA | — | — | — | — | — | — | — | — | — | — | — |
| EV / EBIT | — | — | — | — | — | — | — | — | — | — | — |
| EV / FCF | — | — | — | — | — | — | — | — | — | — | — |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 43.4% | 43.4% | 15.9% | 24.5% | 34.4% | 31.5% | 67.9% | 100.0% | 26.8% | 100.0% | — |
| Operating Margin | -26.1% | -26.1% | -48.0% | -61.5% | -65.0% | -49.4% | -145.7% | -173.3% | -314.2% | -1512.1% | — |
| Net Profit Margin | -89.1% | -89.1% | -50.7% | -75.7% | -64.5% | -121.9% | -306.7% | -349.3% | -325.6% | -3254.2% | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -168.3% | -168.3% | -321.1% | -182.7% | -87.4% | -314.8% | -12283.0% | — | -429.9% | — | — |
| ROA | -49.6% | -49.6% | -66.5% | -58.3% | -32.9% | -67.3% | -100.9% | -115.2% | -96.1% | -222.8% | -356.3% |
| ROIC | -32.4% | -32.4% | -133.2% | -82.9% | -74.5% | -68.5% | -129.1% | -115.3% | -482.8% | — | — |
| ROCE | -35.5% | -35.5% | -165.6% | -102.8% | -65.4% | -70.8% | -182.8% | -115.6% | -273.8% | -1491.5% | — |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.10 | 0.10 | 1.89 | 0.82 | 0.52 | 0.44 | 76.68 | — | 0.04 | — | — |
| Debt / EBITDA | — | — | — | — | — | — | — | — | — | — | — |
| Net Debt / Equity | — | -0.08 | 0.80 | 0.66 | -0.02 | -0.17 | 55.28 | — | -0.04 | — | — |
| Net Debt / EBITDA | — | — | — | — | — | — | — | — | — | — | — |
| Debt / FCF | — | — | — | — | — | — | — | — | — | — | — |
| Interest Coverage | — | — | -96.31 | -38.15 | -44.23 | -21.62 | -28.22 | -40.85 | -165.73 | -188.08 | — |
Net cash position: cash ($6M) exceeds total debt ($4M)
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.54 | 0.54 | 0.67 | 0.61 | 1.01 | 0.97 | 0.29 | 0.87 | 0.23 | 0.28 | 0.03 |
| Quick Ratio | 0.54 | 0.54 | 0.67 | 0.61 | 1.01 | 0.97 | 0.29 | 0.87 | 0.23 | 0.28 | 0.03 |
| Cash Ratio | 0.16 | 0.16 | 0.24 | 0.08 | 0.40 | 0.48 | 0.13 | 0.52 | 0.08 | 0.21 | 0.03 |
| Asset Turnover | — | 0.56 | 1.17 | 0.64 | 0.66 | 0.49 | 0.20 | 0.39 | 0.24 | 0.03 | — |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | 70.84 | 82.37 | 145.46 | 128.09 | 106.36 | 172.08 | 106.27 | 107.27 | 327.46 | — |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | — | — | — | — | — | — | — | — |
| FCF Yield | — | — | — | — | — | — | — | — | — | — | — |
| Buyback Yield | 5.3% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — | — |
| Total Shareholder Yield | 5.3% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — | — |
| Shares Outstanding | — | $65.7B | $28M | $11M | $6M | $3M | $740000 | $36740 | $30355 | $18645 | $403 |
Liquidity and capital exhaustion
According to recent market data, GAME trades at a price-to-sales ratio of 0.84, a multiple that reflects significant investor skepticism regarding the company's ability to stabilize its top-line performance following a period of aggressive, yet value-destructive, acquisition-led expansion across the esports and digital media landscape.
The current P/S multiple suggests the market is pricing the firm as a distressed asset rather than a growth-oriented technology entity. Investors should monitor whether this discount is a permanent reflection of the company's inability to achieve scale or if it presents a potential entry point should the integration of recent acquisitions finally yield operational synergies.
As reported in financial statements, the company's ROIC has remained consistently negative, bottoming out at -56.4% in 2024Q4, which indicates that the capital deployed into the business is failing to generate any meaningful return, further eroding the firm's long-term compounding potential for shareholders.
The inability to generate positive returns on invested capital suggests that the company's core business model is currently incapable of covering its cost of capital. This trend warrants further investigation into whether the high fixed costs associated with talent and content production are structurally incompatible with the current revenue-generating capacity of the firm.
Based on quarterly filings, the company's asset turnover ratio has languished at approximately 0.20, a figure that highlights the inefficiency of the firm's asset base in generating revenue relative to its peers in the highly competitive and fragmented electronic gaming and multimedia services industry.
The low asset turnover, combined with volatile DSO figures, suggests that the company struggles to convert its service-heavy operations into timely cash inflows. This inefficiency appears to be a primary driver of the firm's liquidity constraints, as capital remains trapped in accounts receivable rather than fueling core operational growth.
As indicated by the most recent quarterly data, the current ratio of 0.87 underscores a precarious liquidity position, leaving the firm with minimal financial flexibility to navigate the inherent volatility of the esports sponsorship market or to fund necessary ongoing operational expenses without external capital support.
A current ratio consistently below 1.0 suggests that the company is reliant on continuous financing to meet its short-term obligations. Investors should monitor the firm's ability to manage its payables, as any further tightening of credit terms from suppliers could lead to an immediate and severe liquidity crisis.
Market participants frequently misapply the EV/Revenue multiple to GAME, failing to account for the high proportion of low-margin, project-based agency revenue that obscures the underlying lack of profitability and the significant cash burn inherent in the company's current integrated business model.
Using revenue multiples in this context ignores the quality of earnings and the heavy reliance on non-recurring sponsorship deals. A more appropriate metric would be a focus on the contribution margin of the data-driven SaaS assets, which would better reveal the true earning power of the business if separated from the loss-making agency and talent segments.
Includes 30+ ratios · 13 years · Updated daily
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Compare growth, multiples, and margins vs sector.
Quick answers to the most common questions about buying GAME stock.
GameSquare Holdings, Inc.'s current P/E ratio is -0.6x. This places it at the 50th percentile of its historical range.
GameSquare Holdings, Inc.'s return on equity (ROE) is -168.3%. The historical average is -198.1%.
Based on historical data, GameSquare Holdings, Inc. is trading at a P/E of -0.6x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
GameSquare Holdings, Inc. has 43.4% gross margin and -26.1% operating margin.