Upside case
Bull case
$32+48.6%
GME would need investors to value it at roughly 32x earnings — about 11x more generous than today's 22x forward P/E. That requires meaningful multiple expansion on top of continued earnings growth.
Analysis OverviewHoldUpdated Jun 18, 2026
GameStop Corp. (GME) Stock Analysis
Wall Street verdict, consensus price target, and analyst rating breakdown — everything needed to frame the risk/reward at today's price.
Analyst consensus
Hold
Covering
36
analysts
6 bullish · 10 bearish · 36 covering GME
Strong Buy
0
Buy
6
Hold
20
Sell
10
Strong Sell
0
Consensus Target
$18
-15.2% vs today
Scenario Range
$15 – $32
Model bear to bull value window
Coverage
36
Published analyst ratings
Valuation Context
21.7x
Forward P/E · Market cap $9.7B
GME price targets
Three scenarios for where GME stock could go
Current
~$22
Confidence
46 / 100
Updated
Jun 18, 2026
Where we are now
Current · $22
Bear
$15
Base
$24
Bull
$32
Market caseClosest to today
Base case
$24+12.8%
At 25x on FY1 earnings, the base case reflects a reasonable but not stretched valuation. It prices in continued growth without assuming an exceptional setup.
Stress case
Bear case
$15-28.9%
If investor confidence fades or macro conditions deteriorate, a 6x multiple contraction could push GME down roughly 29% from where it trades now.
Not financial advice. Model confidence reflects internal scenario assumptions, not a guarantee of returns. Past performance does not predict future results.
GameStop Corp.
GME · NYSEConsumer CyclicalSpecialty RetailJanuary year-end
GameStop is a specialty video game and entertainment products retailer operating physical stores and e-commerce sites. It generates revenue primarily from selling new and pre-owned video game hardware (~40%), software (~30%), and collectibles/accessories (~30%) — with digital content and in-game currency becoming increasingly important. The company's main competitive advantage is its extensive physical store network and brand recognition in the gaming community, though it faces significant challenges from digital distribution.
Market Cap
$9.7B
Revenue TTM
$3.7B
Net Income TTM
$763M
Net Margin
20.4%
GME Revenue and Earnings Performance
Quarterly beat-or-miss track record against analyst estimates, plus forward revenue and EPS outlook for the next two fiscal years.
EPS Beat Rate
83%Exceptional
12 quarters tracked
Revenue Beat Rate
25%Exceptional
vs consensus estimates
Avg EPS Surprise
+90.0%
above Street consensus
Beat / Miss Record
BeatMissLeft = EPS · Right = Revenue
Q3 2025
Q4 2025
Q1 2026
Q2 2026
Last 4 Quarters
EPS beats: 4 of 4Q3 2025
EPS
$0.25/$0.19
Revenue
$972M/$900M
Q4 2025
EPS
$0.24/$0.20
Revenue
$821M/$987M
Q1 2026
EPS
$0.49/$0.37
Revenue
$1.1B/$1.5B
Q2 2026
EPS
$0.30/$0.16
Revenue
$835M/$767M
| Quarter | EPS (Actual / Est) | EPS Surprise | Revenue (Actual / Est) | Rev Surprise |
|---|---|---|---|---|
| Q3 2025 | $0.25/$0.19 | +31.6% | $972M/$900M | +8.0% |
| Q4 2025 | $0.24/$0.20 | +20.0% | $821M/$987M | -16.8% |
| Q1 2026 | $0.49/$0.37 | +32.4% | $1.1B/$1.5B | -24.7% |
| Q2 2026 | $0.30/$0.16 | +87.5% | $835M/$767M | +9.0% |
FY1–FY2 Estimates
Revenue Outlook
FY1
$3.7B
-0.7% YoY
FY2
$3.8B
+1.5% YoY
EPS Outlook
FY1
$1.15
-10.6% YoY
FY2
$0.86
-25.5% YoY
Trailing FCF (TTM)$741M
FCF Margin: 19.8%
Next Earnings
—
Expected EPS
—
Expected Revenue
—
GME beat EPS estimates in 4 of 4 tracked quarters. A perfect track record raises the bar for the upcoming report.
GME Revenue Breakdown by Segment
Product and geographic revenue mix from the latest annual disclosure, with year-over-year growth by segment.
Latest disclosure
FY 2025
Total disclosed revenue $3.6B
Product Mix
Latest annual revenue by segment or product family
New Video Game Hardware
50.7%
-12.3% YoY
Tap, hover, or focus a slice to inspect segment detail.
Geographic Mix
Latest annual revenue by reported region
Video Game Brands - United States
73.5%
+3.6% YoY
Tap, hover, or focus a slice to inspect segment detail.
New Video Game Hardware is the largest disclosed segment at 50.7% of FY 2025 revenue, down 12.3% YoY.
Video Game Brands - United States is the largest reported region at 73.5%, up 3.6% YoY.
GME Valuation Snapshot
Current multiples compared to the S&P 500, the company's sector, and its own five-year average.
Relative Value Signal
Limited: Cheap versus peers
Fair value est. $27 — implies +23.6% from today's price.
Upside to Fair Value
23.6%
potential upside
Deep DiscountFair ValueVery Expensive
vs S&P 500 Trailing P/E
GME
27.9x
vs
S&P 500
24.4x
+14% premium
vs Consumer Cyclical Trailing P/E
GME
27.9x
vs
Consumer Cyclical
21.2x
+32% premium
vs GME 5Y Avg P/E
Today
27.9x
vs
5Y Average
56.3x
50% discount
Forward PE
21.7x
S&P 500
18.8x
+16%
Consumer Cyclical
16.3x
+33%
5Y Avg
—
—
Trailing PE
27.9x
S&P 500
24.4x
+14%
Consumer Cyclical
21.2x
+32%
5Y Avg
56.3x
-50%
PEG Ratio
—
S&P 500
1.66x
—
Consumer Cyclical
0.92x
—
5Y Avg
—
—
EV/EBITDA
25.3x
S&P 500
15.2x
+66%
Consumer Cyclical
12.2x
+107%
5Y Avg
36.6x
-31%
Price/FCF
16.2x
S&P 500
20.7x
-22%
Consumer Cyclical
15.6x
+4%
5Y Avg
77.0x
-79%
Price/Sales
2.7x
S&P 500
3.1x
-14%
Consumer Cyclical
0.7x
+281%
5Y Avg
1.9x
+38%
Dividend Yield
—
S&P 500
1.91%
—
Consumer Cyclical
2.17%
—
5Y Avg
—
—
| Metric | GME | S&P 500 | Consumer Cyclical | 5Y Avg GME |
|---|---|---|---|---|
| Forward PE | 21.7x | 18.8x+16% | 16.3x+33% | — |
| Trailing PE | 27.9x | 24.4x+14% | 21.2x+32% | 56.3x-50% |
| PEG Ratio | — | 1.66x | 0.92x | — |
| EV/EBITDA | 25.3x | 15.2x+66% | 12.2x+107% | 36.6x-31% |
| Price/FCF | 16.2x | 20.7x-22% | 15.6x | 77.0x-79% |
| Price/Sales | 2.7x | 3.1x-14% | 0.7x+281% | 1.9x+38% |
| Dividend Yield | — | 1.91% | 2.17% | — |
GME trades above S&P 500 benchmarks on 3 of 5 measured multiples — is elevated on some multiples, but competitive on others — a mixed valuation picture.
Forward P/E and PEG reflect analyst consensus estimates. Historical averages use trailing ratios where forward data is unavailable.S&P 500 and sector benchmarks both use trailing median P/E — similar readings indicate the broader index and sector are priced alike.
Open valuation toolGME Financial Health
Verdict
Strong
GME generates $741M in free cash flow at a 19.8% margin — 10.5% ROIC signals a durable competitive advantage.
Cash Engine
Revenue, margins, and cash generation
Revenue (TTM)
Trailing-twelve-month sales base
$3.7B
Revenue Growth
TTM vs prior year
+1.6%
Gross Margin
Gross profit as a share of revenue
34.4%
Operating Margin
Operating income divided by revenue
10.6%
Net Margin
Net income divided by revenue
20.4%
EPS (TTM)
Diluted earnings per share, trailing twelve months
$1.29
Free Cash Flow (TTM)
Cash generation after capex
$741M
FCF Margin
FCF as share of revenue — the primary cash quality signal
19.8%
Capital Quality
ROIC, leverage, and debt serviceability
ROIC
Return on invested capital — primary competitive quality signal
10.5%
ROA
Return on assets, trailing twelve months
7.2%
Cash & Equivalents
Liquid assets on the balance sheet
$6.3B
Net Cash
Cash exceeds total debt — no net leverage
$1.9B
Debt Serviceability
Net debt as a multiple of annual free cash flow
Net cash ✓
ROE
Return on equity, trailing twelve months
14.0%
Shareholder Returns
How capital is returned to owners
Total shareholder yield
0.0%
Dividend
—
Buyback
0.0%
Share Repurchases
Trailing buyback outflow — dollar magnitude of capital returned
$0
Dividend / Share
Annualized trailing dividend per share
—
Payout Ratio
Share of earnings distributed as dividends
—
Shares Outstanding
Current diluted share count
449M
All figures from the trailing twelve months. ROIC uses invested capital (equity + net debt).
Open full ratios pageGME Stock Risk Factors
Key factors that could pressure the stock price, compress the multiple, or weigh on future results.
AI analysis · updated June 18, 2026
High Risk
Stock Volatility
The market price of GameStop's Class A Common Stock has been extremely volatile due to meme-stock dynamics and speculative trading.
High Risk
Core Business Challenges
Ongoing challenges in the core retail business persist, despite improving profitability and strong cash reserves.
High Risk
Dilution Risk
Potential acquisitions or capital needs could require massive equity issuance or debt, leading to shareholder dilution or restructuring.
Medium
Valuation Concerns
Wall Street analysts largely recommend caution or selling due to speculative valuation and meme-stock risks.
Medium
Financial Performance
Company announcements and earnings reports significantly influence stock price, reflecting sensitivity to operational results.
Lower
Operating Environment
Disclosures around net sales, gross profit, and SG&A expenses highlight ongoing operational risks in a competitive retail landscape.
These are risk mechanisms, not predictions. The key question is which would force a cut to earnings estimates or a lower multiple than the market currently prices in.
Why GME Stock Could Outperform
Structural drivers behind the upside case and why the stock could outperform over the next 12 months.
AI analysis · updated June 18, 2026
Speculative trade potential
The bullish thesis highlights GME as a speculative trade with significant upside potential, driven by investor sentiment and market dynamics.
Digital distribution expansion
GameStop's acquisition and redesign of Impulse into GameStop PC Downloads indicates a strategic push into digital distribution, potentially boosting revenue streams.
Strong retail investor interest
The continued discussion and bullish sentiment on platforms like r/GME suggest strong retail investor interest, which can drive price volatility and upward momentum.
Valuation metrics
With a trailing and forward P/E ratio of 26.78, some investors see GME as reasonably valued given its growth potential and market position.
Store optimization strategy
GameStop's closure of underperforming stores (over 470 locations) reflects a focus on optimizing its physical retail footprint, potentially improving profitability.
Gaming market presence
As a specialty retailer in games and entertainment products, GameStop's established market presence and brand recognition remain key assets for future growth.
A real bull case compounds — each driver matters most when it strengthens margins, supports capital returns, and keeps the company above the market's minimum growth bar simultaneously.
GME Stock Price Performance
52-week range context and price returns across multiple time horizons. Dividend contribution is shown separately in the Capital Return section.
Current Price
$21.52
52W Range Position
19%
52-Week Range
Current price plotted between the 52-week low and high.
52-Week Low
$19.93
+8.0% from the low
52-Week High
$28.10
-23.4% from the high
1 Month
-1.78%
3 Month
-7.88%
YTD
+4.4%
1 Year
-8.2%
3Y CAGR
-4.3%
5Y CAGR
-16.6%
10Y CAGR
+12.5%
Range context matters because valuation compression and earnings misses rarely hit from the same starting point. A stock already far below its high can still fall, but it is no longer carrying the same embedded optimism as one pressing a fresh peak.
GME vs Peers
Valuation, growth, and margin comparison against the closest publicly traded peers for this company.
Peer Set
Accurate peer set
Forward PE
21.7x
vs 23.1x median
-6% below peer median
Revenue Growth
-0.7%
vs +1.9% median
-134% below peer median
Net Margin
20.4%
vs -0.6% median
+3768% above peer median
| Company | Mkt Cap | Fwd PE | Rev Grw | Margin | Rating | Upside |
|---|---|---|---|---|---|---|
GME GME GameStop Corp. | $9.7B | 21.7x | -0.7% | 20.4% | Hold | -15.2% |
BBY BBY Best Buy Co., Inc. | $15.7B | 11.4x | +1.9% | 2.7% | Hold | +2.2% |
SPW SPWH Sportsman's Warehouse Holdings, Inc. | $53M | — | +1.1% | -4.2% | — | — |
BNE BNED Barnes & Noble Education, Inc. | $375M | 47.9x | +1.1% | -0.6% | Hold | +54.4% |
EVL EVLV Evolv Technologies Holdings, Inc. | $1.0B | — | +10.1% | -22.8% | Buy | +77.0% |
CHW CHWY Chewy, Inc. | $7.5B | 23.1x | +8.8% | 1.6% | Buy | +73.2% |
This peer comparison reflects companies with similar business models, product lines, or market positioning, supplemented by industry grouping when direct matches are limited.
GME Dividend and Capital Return
GME does not currently return meaningful capital to shareholders.
Dividend UnknownFCF Unknown
Total Shareholder Yield
0.0%
Dividend + buyback return per year
Buyback Yield
0.0%
Dividend Yield
—
Payout Ratio
—
Dividend Profile
Yield, cadence, and growth quality
Dividend / Share
Trailing annualized cash dividend
$0.00
Growth Streak
Consecutive years of dividend increases
0Y
3Y Div CAGR
0.9%
5Y Div CAGR
2.9%
Ex-Dividend Date
—
Payment Cadence
Annual
0 payments over the last 12 months
Buyback Engine
How much per-share support comes from repurchases
Repurchases (TTM)
Cash used for buybacks in the latest trailing period
$0
Estimated Shares Retired
0
Approx. Share Reduction
0.0%
Shares Outstanding
Current diluted share count from the screening snapshot
449M
| Year | Div / Share | YoY Grw | BB Yield | Total Yield |
|---|---|---|---|---|
| 2019 | $0.10 | -75.0% | 59.1% | 71.2% |
| 2018 | $0.38 | 0.0% | 0.4% | 14.0% |
| 2017 | $0.38 | +2.7% | 1.3% | 10.4% |
| 2016 | $0.37 | +2.8% | 2.8% | 8.9% |
| 2015 | $0.36 | +9.1% | 7.0% | 12.5% |
FAQ
7 questionsGME Investor Questions
Common questions answered from live analyst data and company financials.
01Is GameStop Corp. (GME) stock a buy or sell in 2026?
GameStop Corp. (GME) is rated Hold by Wall Street analysts as of 2026. Of 36 analysts covering the stock, 6 rate it Buy or Strong Buy, 20 rate it Hold, and 10 rate it Sell or Strong Sell. The consensus 12-month price target is $18, implying -15.2% from the current price of $22. The bear case scenario is $15 and the bull case is $32.
02What is the GME stock price target for 2026?
The Wall Street consensus price target for GME is $18 based on 36 analyst estimates. The high-end target is $25 (+16.2% from today), and the low-end target is $12 (-46.6%). The base case model target is $24.
03Is GameStop Corp. (GME) stock overvalued in 2026?
GME trades at 21.7x times forward earnings. The stock's valuation is broadly in line with the broader market. Based on current multiples versus the peer group, the relative model signals limited: cheap versus peers. Whether the stock is over or undervalued ultimately depends on whether consensus earnings estimates are achievable.
04What are the main risks for GameStop Corp. (GME) stock in 2026?
The primary risks for GME in 2026 are: (1) Stock Volatility — The market price of GameStop's Class A Common Stock has been extremely volatile due to meme-stock dynamics and speculative trading. (2) Core Business Challenges — Ongoing challenges in the core retail business persist, despite improving profitability and strong cash reserves. (3) Dilution Risk — Potential acquisitions or capital needs could require massive equity issuance or debt, leading to shareholder dilution or restructuring. Each factor has the potential to pressure earnings or compress the stock's valuation multiple.
05What is GameStop Corp.'s revenue and earnings forecast?
Analyst consensus estimates GME will report consensus revenue of $3.7B (-0.7% year-over-year) and EPS of $1.15 (-10.6% year-over-year) for the upcoming fiscal year. The following year, analysts project $3.8B in revenue.
06When does GameStop Corp. (GME) report its next earnings?
A confirmed upcoming earnings date for GME is not yet available. Check the Earnings section above for the most recent quarterly report dates and forward estimates.
07How much free cash flow does GameStop Corp. generate?
GameStop Corp. (GME) generated $741M in free cash flow over the trailing twelve months — a free cash flow margin of 19.8%. GME returns capital to shareholders through and share repurchases ($0 TTM).