Price to Earnings (P/E)
since 2006
Calculation
GameStop Corp., P/E, long-term trends, calculation
| P/E | = | Share price1, 2, 3 | ÷ | Earnings per share1 (EPS) | EPS1 | = | Net income (loss)1 (in thousands) |
÷ | No. shares of common stock outstanding2 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Mar 26, 2024 | 707.62 | = | 15.50 | ÷ | 0.02 | 0.02 | = | 6,700 | ÷ | 305,873,200 | |
| Mar 28, 2023 | — | = | 23.15 | ÷ | -1.03 | -1.03 | = | -313,100 | ÷ | 304,675,439 | |
| Mar 17, 2022 | — | = | 21.93 | ÷ | -1.25 | -1.25 | = | -381,300 | ÷ | 305,356,992 | |
| Mar 23, 2021 | — | = | 45.44 | ÷ | -0.77 | -0.77 | = | -215,300 | ÷ | 279,743,312 | |
| Mar 27, 2020 | — | = | 1.06 | ÷ | -1.83 | -1.83 | = | -470,900 | ÷ | 257,831,968 | |
| Apr 2, 2019 | — | = | 2.53 | ÷ | -1.65 | -1.65 | = | -673,000 | ÷ | 409,069,740 | |
| Apr 2, 2018 | 37.59 | = | 3.21 | ÷ | 0.09 | 0.09 | = | 34,700 | ÷ | 406,333,276 | |
| Mar 27, 2017 | 5.97 | = | 5.21 | ÷ | 0.87 | 0.87 | = | 353,200 | ÷ | 404,843,424 | |
| Mar 28, 2016 | 7.76 | = | 7.52 | ÷ | 0.97 | 0.97 | = | 402,800 | ÷ | 415,503,088 | |
| Mar 30, 2015 | 10.33 | = | 9.42 | ÷ | 0.91 | 0.91 | = | 393,100 | ÷ | 431,074,852 | |
| Apr 2, 2014 | 14.12 | = | 10.84 | ÷ | 0.77 | 0.77 | = | 354,200 | ÷ | 461,223,708 | |
| Apr 3, 2013 | — | = | 7.56 | ÷ | -0.57 | -0.57 | = | -269,700 | ÷ | 471,345,104 | |
| Mar 27, 2012 | 9.37 | = | 5.94 | ÷ | 0.63 | 0.63 | = | 339,900 | ÷ | 535,923,784 | |
| Mar 30, 2011 | 7.81 | = | 5.66 | ÷ | 0.72 | 0.72 | = | 408,000 | ÷ | 562,801,572 | |
| Mar 30, 2010 | 8.85 | = | 5.46 | ÷ | 0.62 | 0.62 | = | 377,265 | ÷ | 611,296,400 | |
| Apr 1, 2009 | 11.65 | = | 7.05 | ÷ | 0.61 | 0.61 | = | 398,282 | ÷ | 658,047,952 | |
| Apr 2, 2008 | 31.23 | = | 13.92 | ÷ | 0.45 | 0.45 | = | 288,291 | ÷ | 646,834,832 | |
| Apr 4, 2007 | 31.82 | = | 8.25 | ÷ | 0.26 | 0.26 | = | 158,250 | ÷ | 610,309,448 | |
| Apr 3, 2006 | 33.76 | = | 5.81 | ÷ | 0.17 | 0.17 | = | 100,784 | ÷ | 585,674,360 |
Based on: 10-K (reporting date: 2024-02-03), 10-K (reporting date: 2023-01-28), 10-K (reporting date: 2022-01-29), 10-K (reporting date: 2021-01-30), 10-K (reporting date: 2020-02-01), 10-K (reporting date: 2019-02-02), 10-K (reporting date: 2018-02-03), 10-K (reporting date: 2017-01-28), 10-K (reporting date: 2016-01-30), 10-K (reporting date: 2015-01-31), 10-K (reporting date: 2014-02-01), 10-K (reporting date: 2013-02-02), 10-K (reporting date: 2012-01-28), 10-K (reporting date: 2011-01-29), 10-K (reporting date: 2010-01-30), 10-K (reporting date: 2009-01-31), 10-K (reporting date: 2008-02-02), 10-K (reporting date: 2007-02-03), 10-K (reporting date: 2006-01-28).
1 US$
2 Data adjusted for splits and stock dividends.
3 Closing price as at the filing date of GameStop Corp. Annual Report.
The share price exhibited a general upward trend from 2006 to 2008, peaking at $13.92 in 2008 before declining sharply to $5.46 by 2010. Following this decline, the share price showed a fluctuating pattern with moderate increases and decreases between 2010 and 2015, reaching a low point of $3.21 in 2018. A significant surge occurred in 2021, when the share price peaked at $45.44, before declining again in subsequent years to $15.50 in 2024.
Earnings per share (EPS) showed steady growth from 2006 through 2007, peaking at $0.72 in 2011. Thereafter, EPS experienced volatility and a pronounced decline, including several years of negative values starting in 2013. The EPS reached its lowest values between 2018 and 2021, with a minimum of -$1.83 in 2020. Post-2021, EPS remained negative but showed slight recovery, reaching $0.02 in 2024.
The price-to-earnings (P/E) ratio data, although incomplete, initially declined from a high of 33.76 in 2006 to a low of approximately 5.97 in 2017, indicating improving valuation relative to earnings. However, an extremely high P/E ratio of 707.62 was observed in 2024, reflecting the combination of a relatively low EPS near zero and a still elevated share price. Notably, several years show missing P/E ratios, likely due to negative or negligible earnings making the ratio undefined or not meaningful.
- Summary of Trends
- The share price trajectory displays notable volatility with a significant spike in 2021, substantially deviating from prior trends. EPS movements demonstrate cyclicality with periods of profitability followed by sustained losses in recent years. The P/E ratio, when available, reflects market valuation adjustments to oscillating earnings, culminating in an exceptionally high ratio in the latest period due to diminished earnings.
- Insights
- The large increase in share price in 2021 contrasts with continued weak earnings, suggesting market factors beyond fundamental earnings drove valuation at that time. Persistent negative earnings since 2013 highlight operational challenges or restructuring impacts. The very high P/E ratio in 2024 indicates investor optimism despite near breakeven earnings, which may imply expectations of future recovery or speculative interest.
Comparison to Competitors
GameStop Corp., P/E, long-term trends, comparison to competitors
| GameStop Corp. | Amazon.com Inc. | Home Depot Inc. | Lowe’s Cos. Inc. | TJX Cos. Inc. | |
|---|---|---|---|---|---|
| Mar 26, 2024 | 707.62 | 40.99 | 24.80 | 18.81 | 24.63 |
| Mar 28, 2023 | — | 58.66 | 17.09 | 17.65 | 25.22 |
| Mar 17, 2022 | — | — | 19.94 | 17.84 | 22.20 |
| Mar 23, 2021 | — | 48.08 | 24.51 | 22.36 | 881.78 |
| Mar 27, 2020 | — | 78.20 | 17.38 | 11.96 | 17.13 |
| Apr 2, 2019 | — | 86.30 | 18.87 | 37.80 | 21.11 |
| Apr 2, 2018 | 37.59 | 79.30 | 23.51 | 20.26 | 20.19 |
| Mar 27, 2017 | 5.97 | 228.25 | 22.37 | 22.62 | 22.11 |
| Mar 28, 2016 | 7.76 | 166.52 | 23.32 | 26.67 | 22.87 |
| Mar 30, 2015 | 10.33 | 463.73 | 23.15 | 26.24 | 21.62 |
| Apr 2, 2014 | 14.12 | — | 20.18 | 21.79 | 20.15 |
| Apr 3, 2013 | — | 601.07 | 22.86 | 21.13 | 17.99 |
| Mar 27, 2012 | 9.37 | — | 19.49 | 20.46 | 19.73 |
| Mar 30, 2011 | 7.81 | 129.38 | 18.15 | 17.66 | 14.54 |
| Mar 30, 2010 | 8.85 | 67.02 | 20.76 | 19.70 | 14.57 |
| Apr 1, 2009 | 11.65 | 61.80 | 18.59 | 12.26 | 12.02 |
| Apr 2, 2008 | 31.23 | 39.07 | 11.24 | 12.74 | 18.61 |
| Apr 4, 2007 | 31.82 | 65.85 | 12.59 | 15.42 | 16.30 |
| Apr 3, 2006 | 33.76 | 88.17 | 15.57 | 18.31 | 16.91 |
Based on: 10-K (reporting date: 2024-02-03), 10-K (reporting date: 2023-01-28), 10-K (reporting date: 2022-01-29), 10-K (reporting date: 2021-01-30), 10-K (reporting date: 2020-02-01), 10-K (reporting date: 2019-02-02), 10-K (reporting date: 2018-02-03), 10-K (reporting date: 2017-01-28), 10-K (reporting date: 2016-01-30), 10-K (reporting date: 2015-01-31), 10-K (reporting date: 2014-02-01), 10-K (reporting date: 2013-02-02), 10-K (reporting date: 2012-01-28), 10-K (reporting date: 2011-01-29), 10-K (reporting date: 2010-01-30), 10-K (reporting date: 2009-01-31), 10-K (reporting date: 2008-02-02), 10-K (reporting date: 2007-02-03), 10-K (reporting date: 2006-01-28).
Comparison to Sector (Consumer Discretionary Distribution & Retail)
GameStop Corp., P/E, long-term trends, comparison to sector (consumer discretionary distribution & retail)
| GameStop Corp. | Consumer Discretionary Distribution & Retail | |
|---|---|---|
| Mar 26, 2024 | 707.62 | 35.33 |
| Mar 28, 2023 | — | 39.66 |
| Mar 17, 2022 | — | 63.32 |
| Mar 23, 2021 | — | 40.84 |
| Mar 27, 2020 | — | 49.11 |
| Apr 2, 2019 | — | 48.49 |
| Apr 2, 2018 | 37.59 | 45.41 |
| Mar 27, 2017 | 5.97 | 60.50 |
| Mar 28, 2016 | 7.76 | 47.75 |
| Mar 30, 2015 | 10.33 | 45.72 |
| Apr 2, 2014 | 14.12 | 38.28 |
| Apr 3, 2013 | — | 39.66 |
| Mar 27, 2012 | 9.37 | 37.17 |
| Mar 30, 2011 | 7.81 | 26.94 |
| Mar 30, 2010 | 8.85 | 27.21 |
| Apr 1, 2009 | 11.65 | 21.68 |
| Apr 2, 2008 | 31.23 | 14.47 |
| Apr 4, 2007 | 31.82 | 16.25 |
| Apr 3, 2006 | 33.76 | 17.92 |
Based on: 10-K (reporting date: 2024-02-03), 10-K (reporting date: 2023-01-28), 10-K (reporting date: 2022-01-29), 10-K (reporting date: 2021-01-30), 10-K (reporting date: 2020-02-01), 10-K (reporting date: 2019-02-02), 10-K (reporting date: 2018-02-03), 10-K (reporting date: 2017-01-28), 10-K (reporting date: 2016-01-30), 10-K (reporting date: 2015-01-31), 10-K (reporting date: 2014-02-01), 10-K (reporting date: 2013-02-02), 10-K (reporting date: 2012-01-28), 10-K (reporting date: 2011-01-29), 10-K (reporting date: 2010-01-30), 10-K (reporting date: 2009-01-31), 10-K (reporting date: 2008-02-02), 10-K (reporting date: 2007-02-03), 10-K (reporting date: 2006-01-28).
Comparison to Industry (Consumer Discretionary)
GameStop Corp., P/E, long-term trends, comparison to industry (consumer discretionary)
| GameStop Corp. | Consumer Discretionary | |
|---|---|---|
| Mar 26, 2024 | 707.62 | 111.86 |
| Mar 28, 2023 | — | 33.07 |
| Mar 17, 2022 | — | 44.76 |
| Mar 23, 2021 | — | 38.75 |
| Mar 27, 2020 | — | 72.10 |
| Apr 2, 2019 | — | 39.37 |
| Apr 2, 2018 | 37.59 | 33.13 |
| Mar 27, 2017 | 5.97 | 47.03 |
| Mar 28, 2016 | 7.76 | 29.19 |
| Mar 30, 2015 | 10.33 | 24.70 |
| Apr 2, 2014 | 14.12 | 29.48 |
| Apr 3, 2013 | — | 26.50 |
| Mar 27, 2012 | 9.37 | 20.90 |
| Mar 30, 2011 | 7.81 | 11.38 |
| Mar 30, 2010 | 8.85 | 17.54 |
| Apr 1, 2009 | 11.65 | 18.66 |
| Apr 2, 2008 | 31.23 | 303.41 |
| Apr 4, 2007 | 31.82 | 24.33 |
| Apr 3, 2006 | 33.76 | 117.34 |
Based on: 10-K (reporting date: 2024-02-03), 10-K (reporting date: 2023-01-28), 10-K (reporting date: 2022-01-29), 10-K (reporting date: 2021-01-30), 10-K (reporting date: 2020-02-01), 10-K (reporting date: 2019-02-02), 10-K (reporting date: 2018-02-03), 10-K (reporting date: 2017-01-28), 10-K (reporting date: 2016-01-30), 10-K (reporting date: 2015-01-31), 10-K (reporting date: 2014-02-01), 10-K (reporting date: 2013-02-02), 10-K (reporting date: 2012-01-28), 10-K (reporting date: 2011-01-29), 10-K (reporting date: 2010-01-30), 10-K (reporting date: 2009-01-31), 10-K (reporting date: 2008-02-02), 10-K (reporting date: 2007-02-03), 10-K (reporting date: 2006-01-28).