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← CockpitCompetitor Analysis › GME GameStop Corp. Class AOpen in the cockpit ↗

GameStop Corp. Class AGMECompetitor analysis, valuation and peers

United States · USD·Consumer Discretionary›Electronics/Appliance Stores

Video-game and consumer-electronics retailer, transitioning toward collectibles retail and corporate treasury/investment activities.

Momentum leader 84
Mkt cap
$12.7B
US dollars, full cap
Free float
84%
of shares outstanding
$/day
$218M
20-day average traded
Fwd P/E
25.4×
forward earnings
ROIC−WACC
-3.9 pp
WACC 11.1%
Hurdle
+25 pp
Req g minus delivered
Next earnings
33 days
9 Dec 2026
Close · USD$25.12
1D+3.9%
1W+3.7%
1M-0.6%
3M+33.7%
6M+3.5%
YTD+25.1%
1Y+14.1%
ATR %4.2%
Beta0.56
52w lowhigh11.2% off high

What GameStop does

Video-game and consumer-electronics retailer, transitioning toward collectibles retail and corporate treasury/investment activities.

Sells new and used games, hardware and collectibles through stores and online, and has been shrinking its store base to cut costs. It holds a large cash pile, put into investments and, since 2025, bitcoin, which shapes its results. Ryan Cohen, chairman and chief executive, drives the shift.

Products and services

  • Video game hardware/software retail
  • Collectibles
  • Trade-in/used games

Customers

  • Gamers and collectors

Where it sits in the supply chain

  • Consumer Discretionary
  • Electronics/appliance stores
  • Video game & collectibles retail

What could go right

  • Collectibles/trading-card retail growth
  • Balance-sheet investment gains

What could go wrong

  • Digital game downloads displacing physical retail
  • Core retail business secular decline

Moat: none (brand). Recognizable gaming retail brand, but faces structural decline from digital game downloads.

Headquarters: Grapevine, Texas, US · Founded: 1984 · Employees: 4,000

Named competitors

GameStop at a glance

Size GameStop (GME) is a United States Consumer Discretionary company (Electronics/Appliance Stores) with a market value of $12.7B, the 672nd largest of 3,117 United States companies the cockpit tracks. Shares closed at $25.12 on 6 Nov 2026.

Performance Over six months the shares gained 3.5%, against +8.4% for the median peer and -1.1% for the United States market (cap-weighted) — 9th lowest of 20 in its peer set.

Growth Revenue fell 7.7% over the last twelve months (peer median +8.9%); the operating margin is 13.9% (peer median 4.0%).

Valuation It trades at 25.4× forward earnings against a peer median of 17.4× (4th most expensive of 16).

Price implies For today's price to make sense, revenue must grow about 19% a year for seven years (Req g). Recent delivered growth is -7%, so the hurdle is +25 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.

Capital Return on invested capital runs 3.9 points below its cost of capital (11.1% WACC).

Credit GameStop has 2 bonds outstanding ($2.80B).

Short interest Short interest is 9.5% of the free float (15 Oct 2026).

Next results Next results expected around 9 Dec 2026 (exchange calendar; dates can move).

Relative performance

8010012011 May 202611 Aug 20266 Nov 2026Peer median 109GME 108
Six months, rebased to 100: GameStop against the median of its 20 peers (local-currency closes).

GameStop financials

Reported figures in USD; fiscal year ends 2026-01-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue$3.55B$3.63B$3.82B$5.27B$5.93B
Revenue growth—-5%-27%-11%—
Gross profit$1.35B$1.18B$1.08B$1.24B$1.31B
EBITDA$512M$305M$21.5M$24.5M-$254M
Net income$893M$418M$131M$6.70M-$313M
Free cash flow$688M$597M$130M-$239M$52.3M
Capital expenditure$517M$518M$16.1M$34.9M$55.9M
Total debt$4.33B$4.36B$411M$603M$617M

Quarterly statements and history in the cockpit →

GameStop competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-50%0%+50%+100%-20%0%+20%BBYJBH98317419PLBLDDRPUUILO27308282002024FNACRERE1280002519AVL75138173MOZNEMILGME6-month return →1-month return →
Up and to the right = strong over both horizons. GameStop is the large dot.

Fundamentals: revenue growth against valuation

0%+500%+1,000%+1,500%50×100×BBYJBH9831DDR002024RERE002519AVL8173GMERevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. GameStop is the large dot.

Capital: growth delivered against growth the price implies

-20%0%+20%+40%+60%-25%0%25%50%BBYJBH98317419PUUILO27308282002024FNAC002519AVLEMILGMEGrowth delivered (Del g) →Growth the price implies (Req g, 7 yrs) →
Above the diagonal = the price needs more growth than the company has been delivering; below = the price already allows for a slowdown. GameStop is the large dot.

GameStop competitors and peer comparison

Head to head with its named competitors (GME vs BBY vs AMZN vs WMT)
CompanyMarket cap6M returnRevenue growthOp. marginForward P/EReq g
GameStop GME$12.7B+3%-8%14%25.4×18.7%
Best Buy BBY$20.9B+70%+1%4%14.2×3.0%
Amazon AMZN$2.80T-5%+15%13%26.3×n/a
Walmart WMT$996B-4%+6%4%41.8×14.7%

How GameStop compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

GameStop against its 20 peers (data as of 6 Nov 2026)
MeasureGMEPeer medianRank in peer set
1-month return-0.6%+1.0%10th lowest of 21
6-month return+3.5%+8.4%9th lowest of 20
Distance from 52-week high-11.2%-21.3%7th highest of 21
Revenue growth (TTM)-7.7%+8.9%3rd lowest of 20
Operating margin13.9%4.0%2nd highest of 21
Forward P/E25.4×17.4×4th most expensive of 16
Growth the price implies (Req g, 7 yrs)18.7%0.4%4th most demanding of 17
Growth delivered (Del g)-6.5%+0.3%3rd lowest of 17
Hurdle (Req g minus delivered)+25.3 pp-0.4 pp2nd most demanding of 17
ROIC minus cost of capital-3.9 pp+6.8 pp4th lowest of 20
EV / EBITDA23.3×9.1×3rd most expensive of 13
Net debt / EBITDA-1.4×1.3×3rd least indebted of 17

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginForward P/EReq gDelivered g
GameStop GMEUnited States$12.7B+3%-8%14%25.4×18.7%-6.5%
Best Buy BBYUnited States$20.9B+70%+1%4%14.2×3.0%-2.5%
JB Hi-Fi JBH.AXAustralia$5.86B+8%+5%7%18.1×6.7%+4.4%
Yamada 9831.TJapan$3.90B+41%+7%1%12.8×20.7%-0.7%
Nojima 7419.TJapan$2.46B+8%+11%6%n/a-14.2%+13.4%
Polibeli PLBLUnited States$1.96B-28%n/a-29%n/an/an/a
Dicker Data DDR.AXAustralia$1.78B+54%+12%6%22.4×9.9%+5.1%
Puuilo PUUILO.HEFinland$1.76B+46%+15%18%22.5×-5.2%+13.1%
Edion 2730.TJapan$1.64B+17%+4%4%15.1×-8.4%+0.7%
K's 8282.TJapan$1.64B-4%+5%4%10.0×-11.0%-0.8%
Suning.com 002024.SZChina$1.48B-19%-34%-10%106.3×-3.0%-28.0%
Fnac Darty FNAC.PAFrance$1.16B-1%+10%2%17.4×-0.6%+6.6%
ATRenew Inc. Sponsored ADR REREUnited States$944M-7%+35%3%8.5×n/an/a
China Qidian Guofeng 1280.HKHong Kong$930M+113%-6%-30%n/an/an/a
Jiangsu Yinhe Electronics 002519.SZChina$852M-38%+1,594%-9%16.2×56.2%-18.2%
Aditya Vision AVL.NSIndia$714M-6%+28%7%40.4×33.5%+29.0%
Kojima 7513.TJapan$675M+15%+5%3%n/a-9.8%0.0%
Joshin 8173.TJapan$674M+42%+9%2%31.8×-3.7%-0.6%
mobilezone MOZN.SWSwitzerland$659M-12%-37%6%15.1×1.4%-6.1%
Electronics Mart India EMIL.NSIndia$588M+19%+17%5%24.0×12.0%+17.5%
SS Retail SSRETAIL.NSIndia$501Mn/a+47%4%n/an/an/a

GameStop bonds and credit

GameStop has 2 bonds outstanding with $2.80B face value.

Every bond, yield and spread in the cockpit →

Questions

Who are GameStop's main competitors?
Named competitors: Best Buy (BBY), Amazon (AMZN), Walmart (WMT). The cockpit's measured peer set (industry) also includes Best Buy (BBY), JB Hi-Fi (JBH.AX), Yamada (9831.T), Nojima (7419.T), Polibeli (PLBL), Dicker Data (DDR.AX).
Is GameStop expensive compared with its peers?
On forward p/e it trades at 25.4× against a peer median of 17.4×, 4th most expensive of 16 in its peer set. For today's price to make sense, revenue must grow about 19% a year for seven years (Req g). Recent delivered growth is -7%, so the hurdle is +25 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
How has GameStop stock performed?
Over six months to 6 Nov 2026 the shares returned +3.5% against +8.4% for the median peer; over one year +14.1%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.