Latest Ratios: P/E Ratio 28.8x · EV/EBITDA 26.3x · ROE 8.1%. (2001–2025 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 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $10.0B | $13.1B | $10.6B | $4.3B | $6.7B | $7.9B | $21.1B | $336M | $1.2B | $1.7B | $2.5B |
| Enterprise Value | $8.0B | $11.2B | $6.3B | $4.0B | $6.1B | $7.3B | $21.7B | $1.0B | $356M | $1.7B | $2.7B |
| P/E Ratio → | 28.83 | 31.01 | 81.52 | 646.82 | — | — | — | — | — | 49.12 | 7.20 |
| P/S Ratio | 2.74 | 3.61 | 2.78 | 0.82 | 1.12 | 1.32 | 4.15 | 0.05 | 0.14 | 0.20 | 0.32 |
| P/B Ratio | 2.24 | 2.41 | 2.15 | 3.24 | 5.03 | 4.93 | 48.37 | 0.55 | 0.87 | 0.77 | 1.13 |
| P/FCF | 16.68 | 21.95 | 81.92 | — | 127.21 | — | 331.63 | — | 5.01 | 5.30 | 6.45 |
| P/OCF | 16.20 | 21.33 | 72.87 | — | 61.49 | — | 170.78 | — | 3.57 | 3.92 | 4.74 |
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 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 3.08 | 1.64 | 0.76 | 1.03 | 1.21 | 4.26 | 0.16 | 0.04 | 0.20 | 0.34 |
| EV / EBITDA | 26.25 | 36.57 | 493.80 | 185.44 | — | — | — | — | — | 2.82 | 4.15 |
| EV / EBIT | 28.05 | 29.09 | — | — | — | — | — | — | — | 3.79 | 5.57 |
| EV / FCF | — | 18.70 | 48.39 | — | 117.22 | — | 340.08 | — | 1.54 | 5.19 | 6.82 |
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 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 32.4% | 32.4% | 29.1% | 24.5% | 23.1% | 22.4% | 24.7% | 29.5% | 27.9% | 29.1% | 31.4% |
| Operating Margin | 7.9% | 7.9% | -0.7% | -0.7% | -5.3% | -6.1% | -4.7% | -6.2% | -8.5% | 5.1% | 6.0% |
| Net Profit Margin | 11.5% | 11.5% | 3.4% | 0.1% | -5.3% | -6.3% | -4.2% | -7.3% | -8.1% | 0.4% | 4.4% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 8.1% | 8.1% | 4.2% | 0.5% | -21.4% | -37.4% | -41.1% | -48.4% | -37.9% | 1.6% | 16.3% |
| ROA | 5.1% | 5.1% | 3.1% | 0.2% | -9.5% | -12.8% | -8.1% | -13.7% | -14.8% | 0.7% | 7.6% |
| ROIC | 10.5% | 10.5% | -2.5% | -2.8% | -26.3% | -28.3% | -15.7% | -32.7% | -38.8% | 14.4% | 16.5% |
| ROCE | 3.8% | 3.8% | -0.8% | -1.9% | -15.9% | -22.5% | -17.5% | -23.2% | -28.2% | 13.9% | 16.8% |
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 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.80 | 0.80 | 0.08 | 0.45 | 0.47 | 0.40 | 2.40 | 1.94 | 0.61 | 0.37 | 0.36 |
| Debt / EBITDA | 14.28 | 14.28 | 32.34 | 27.78 | — | — | — | — | — | 1.38 | 1.26 |
| Net Debt / Equity | — | -0.36 | -0.88 | -0.24 | -0.40 | -0.39 | 1.23 | 1.13 | -0.60 | -0.02 | 0.06 |
| Net Debt / EBITDA | -6.36 | -6.36 | -342.22 | -14.70 | — | — | — | — | — | -0.06 | 0.22 |
| Debt / FCF | — | -3.25 | -33.54 | — | -9.99 | — | 8.45 | — | -3.47 | -0.11 | 0.37 |
| Interest Coverage | — | — | — | — | — | -13.45 | -7.49 | -10.38 | -12.26 | 7.76 | 8.97 |
Net cash position: cash ($6.3B) exceeds total debt ($4.4B)
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 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 15.30 | 15.30 | 8.05 | 2.11 | 1.74 | 1.92 | 1.16 | 1.32 | 1.43 | 1.56 | 1.22 |
| Quick Ratio | 14.68 | 14.68 | 7.33 | 1.44 | 1.23 | 1.24 | 0.71 | 0.63 | 0.86 | 0.92 | 0.58 |
| Cash Ratio | 13.77 | 13.77 | 7.18 | 1.28 | 1.04 | 0.94 | 0.38 | 0.40 | 0.74 | 0.44 | 0.38 |
| Asset Turnover | — | 0.35 | 0.65 | 1.95 | 1.90 | 1.72 | 2.06 | 2.29 | 2.05 | 1.70 | 1.60 |
| Inventory Turnover | 6.08 | 6.08 | 5.64 | 6.29 | 6.67 | 5.10 | 6.36 | 5.30 | 4.78 | 4.85 | 4.87 |
| Days Sales Outstanding | — | 4.52 | 5.81 | 6.30 | 9.48 | 8.57 | 7.55 | 8.01 | 5.91 | 5.92 | 10.12 |
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 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | 0.0% | 12.1% | 13.6% | 9.1% | 6.1% |
| Payout Ratio | — | — | — | — | — | — | — | — | — | 447.3% | 44.0% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 3.5% | 3.2% | 1.2% | 0.2% | — | — | — | — | — | 2.0% | 13.9% |
| FCF Yield | 6.0% | 4.6% | 1.2% | — | 0.8% | — | 0.3% | — | 20.0% | 18.9% | 15.5% |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 59.1% | 0.4% | 1.3% | 2.8% |
| Total Shareholder Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 71.2% | 14.0% | 10.4% | 8.9% |
| Shares Outstanding | — | $549M | $395M | $305M | $304M | $290M | $260M | $350M | $408M | $406M | $416M |
Core retail revenue erosion
According to recent financial data, GME trades at a P/E of 28.26 and an EV/EBITDA of 25.61, multiples that appear significantly disconnected from the company's declining core retail revenue and suggest the market is pricing the equity as a cash-heavy investment vehicle rather than a traditional retailer.
The valuation multiples are heavily distorted by the company's massive cash position, which renders standard retail metrics like EV/EBITDA less meaningful for assessing operational performance. Investors should monitor the forward P/E of 21.98, which implies that the market expects either significant earnings growth or a strategic pivot that has yet to be clearly articulated in public filings.
Based on reported figures, GME's ROIC has fluctuated between -4.0% and 9.4% over the last ten quarters, a volatility that suggests the company's ability to generate returns on invested capital is highly sensitive to seasonal retail cycles and non-operating income rather than consistent operational efficiency.
The erratic nature of ROIC indicates that the company is not currently compounding capital through its core business activities. The recent improvement in returns appears to be a function of interest income on the cash balance rather than a structural enhancement in the profitability of the physical store footprint.
As reported in recent quarterly filings, GME's cash conversion cycle has shown significant instability, swinging from 23 days in 2023Q4 to 44 days in 2026Q1, reflecting the company's ongoing struggle to balance inventory levels against a backdrop of declining consumer demand for physical gaming media.
The fluctuation in the cash conversion cycle suggests that management is aggressively managing payables and inventory to preserve liquidity. This approach may provide short-term cash flow benefits, but it warrants further investigation into whether these tactics are sustainable or if they risk alienating suppliers and impacting future inventory availability.
According to the latest balance sheet data, GME maintains a current ratio of 12.40, a figure that has expanded dramatically from 2.11 in 2023Q4 and indicates a level of short-term liquidity that far exceeds the operational requirements of a specialty retailer in a declining market segment.
This liquidity position provides a substantial safety net against bankruptcy, effectively insulating the company from the immediate risks faced by its more leveraged retail peers. However, the high ratio also highlights the opportunity cost of holding such significant idle capital, which may be dragging on overall return metrics.
As indicated by the company's unique financial structure, the P/E ratio is the most commonly misapplied metric for GME, as it fails to account for the massive interest income generated by the cash pile which artificially inflates net income and obscures the underlying retail segment's performance.
Analysts should instead focus on operating margins and cash-per-share to isolate the performance of the retail business from the investment income. Relying on traditional P/E multiples risks misinterpreting a capital-heavy investment vehicle as a high-growth retail operation, leading to potentially flawed conclusions regarding the company's true earning power.
Includes 30+ ratios · 25 years · Updated daily
DCF models, multiple analysis, and analyst estimates.
10-year return with dividends reinvested.
See how regular investing compounds over time.
Compare growth, multiples, and margins vs sector.
Quick answers to the most common questions about buying GME stock.
GameStop Corp.'s current P/E ratio is 28.8x. The historical average is 21.2x. This places it at the 76th percentile of its historical range.
GameStop Corp.'s current EV/EBITDA is 26.3x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 8.3x.
GameStop Corp.'s return on equity (ROE) is 8.1%. The historical average is 1.3%.
Based on historical data, GameStop Corp. is trading at a P/E of 28.8x. This is at the 76th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
GameStop Corp. has 32.4% gross margin and 7.9% operating margin.
GameStop Corp.'s Debt/EBITDA ratio is 14.3x, indicating high leverage. A ratio above 4x may signal elevated financial risk.