GameStop Corp. (GME) intrinsic value & 10-year financials
GameStop Corp. (GME) has a Graham intrinsic value of $4.20 per share. At $26.81 on Oct 17, 2026, the stock trades 538% above that value. Over the last 10 fiscal years revenue shrank 8.4% a year to $3.6B, with an average return on invested capital of -19.1%.
- Graham intrinsic value
- $4.20
- Share price (Oct 17, 2026)
- $26.81
- Price vs Graham value
- 538% above
- Market cap
- $14.7B
- Revenue (FY2026)
- $3.6B
- Revenue growth (10-yr CAGR)
- -8.4%
- ROIC (10-yr avg)
- -19.1%
- Free cash flow (FY2026)
- $597.3M
GME 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2026 | $3.6B | $418.4M | $0.77 | $597.3M | 6.4% | 12.0% |
| FY2025 | $3.8B | $131.3M | $0.33 | $129.6M | -0.7% | -3.9% |
| FY2024 | $5.3B | $6.7M | $0.02 | -$238.6M | -0.7% | -2.4% |
| FY2023 | $5.9B | -$313.1M | -$1.03 | $52.3M | -5.3% | -45.0% |
| FY2022 | $6.0B | -$381.3M | -$1.31 | -$496.3M | -6.1% | -47.6% |
| FY2021 | $5.1B | -$215.3M | -$0.83 | $63.7M | -4.7% | -21.2% |
| FY2020 | $6.5B | -$470.9M | -$1.34 | -$493.0M | -6.2% | -50.1% |
| FY2019 | $8.3B | -$673.0M | -$1.65 | $231.4M | -8.5% | -52.0% |
| FY2018 | $8.5B | $34.7M | $0.09 | $321.5M | 1.6% | 3.0% |
| FY2017 | $8.0B | $353.2M | $0.85 | $394.4M | 7.0% | 16.3% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
GameStop Corp. is facing top-line stagnation, with revenue contracting over the decade.
GameStop Corp. has historically struggled to out-earn its cost of capital, averaging just -19.1% ROIC.
GameStop Corp. has not shown aggressive share repurchases (>10% retirement) or a major balance-sheet leverage increase (>50% net debt growth) over the 10-year window.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, GameStop Corp. is modeled at -1.1% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $4.20 per share.