RESEARCH REPORT
GameStop Corporation
GME
$24.23
As of 2026-11-01
Research note — 2026-11-01. Educational analysis, not financial advice.
The one-line version
GameStop Corporation trades near $24.23 on a trailing multiple of about 15.9x versus its own 5-year median near 15.9x. That's the tension. Everything below is the detail.
That's the tension. Everything below is the detail.
1. What you're paying
| Now | Its own 5-year median | Gap | |
|---|---|---|---|
| P/E (trailing) | ~15.9 | ~15.9 | -0% |
| P/E (forward) | ~13.0 | — | — |
| EPS (TTM) | 1.52 | — | — |
| Gross margin | 37.9% | — | — |
What that means in plain terms: the gap versus the company's own history is the growth or durability the market is already pricing. It is not automatically wrong — it is the bet.
Fair-value anchors on file:
- 5-year median P/E multiple: $24.23 — Applies the 5-year median multiple (15.9x) to trailing EPS.
Street targets run from n/a to n/a. A wide spread means the name is contested, not consensus.
2. What the bulls are counting on
- What eBay (EBAY) Said on Its Q3 Earnings Call
- Airbnb vs. GameStop: Will Consumers Going Out or Staying In Benefit One of These Stocks More in 2026?
- GameStop (GME) Stock Drops Despite Market Gains: Important Facts to Note
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Bull case, bear case, assumptions, and what to watch next.
3. What the bears see
- Multiple risk: paying above the company's own history embeds growth that still has to show up in the numbers.
- Concentration and execution: watch customer, geography, and product-cycle dependency in the next filings.
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Bull case, bear case, assumptions, and what to watch next.
4. What would have to be true
For the stock to justify ~15.9x rather than its 5-year ~15.9x, roughly all of the following need to neutral:
- Growth or margin durability shows up in the next several reports, not just in narrative.
- Key revenue concentrations survive competitive and regulatory pressure.
- Execution on the current product or services cycle stays on schedule.
- The Street target range compresses as results clarify the contested assumptions.
Ask yourself honestly: how many of those would you bet on individually? Multiply your answers together.
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Bull case, bear case, assumptions, and what to watch next.
5. What to watch next
- Next earnings date: 2026-12-07
- Trailing and forward multiples versus the company's own history
- Segment growth rates in the next 10-Q / earnings release
- Material Form 4 and 13F changes
- Whether the Street high-to-low target spread narrows or widens
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Bull case, bear case, assumptions, and what to watch next.
6. What this note does not do
It doesn't tell you to buy or sell. It won't, ever.
You have the valuation in context, the strongest version of both cases, and the specific assumptions the current price depends on. What you do with that depends on your time horizon, your existing exposure, your risk tolerance, and what else you could do with the money — none of which we know.
If you want someone to tell you what to do, you want a licensed financial adviser, and that is a genuinely reasonable thing to want.
Educational and informational purposes only. Not investment advice and not a recommendation to buy or sell any security. GetStockReport is not a registered investment adviser. Figures are as of 2026-11-01 and go stale quickly — verify against primary sources before acting. All investments carry risk including loss of principal. Past performance does not guarantee future results.
8. Analyst ratings & targets
No recent activity
Analyst opinions change frequently. Past upgrades do not predict future returns.
9. Important news
Nov 2, 2026|StoneX Makes Major Call on GameStop Stock(Yahoo)
GameStop's shift away from legacy gaming is winning new analyst support.
Nov 2, 2026|Advance Auto Parts vs. GameStop: Do Cars or Collectibles Make for a Better Buy for 2027?(Yahoo)
GameStop boasts an 11.5% net margin and $597M in free cash flow, while Advance Auto Parts struggles with negative cash generation and heavy debt.
Nov 2, 2026|Oracle, Nike upgraded: Wall Street's top analyst calls(Yahoo)
Oracle, Nike upgraded: Wall Street's top analyst calls
Pre-Market Stock Futures: Futures are trading higher after a rough week in which sellers moved hard against the big tech companies, which reported mostly solid results. Still, massive spending on AI, free cash flow that has reversed to negative in some cases, and a broader shift in investor sentiment helped drive stocks lower. This morning, […]
Nov 2, 2026|This GameStop Analyst Begins Coverage On A Bullish Note; Here Are Top 5 Initiations For Monday(Benzinga)
Analysts initiated bullish coverage on Janus Living, GameStop, SharkNinja, Teva and H2O America, with targets of $33, $33, $245, $52 and $67.
News headlines are reported as-is. Verify important claims with original sources.
10. Insider Form 4 activity
| Date | Executive | Action | Shares | Value |
|---|---|---|---|---|
| Oct 12, 2026 | Moore Daniel William (PFO and PAO) | Sell | 15,480 | $417,960 |
| Oct 13, 2026 | Cohen Ryan (President, CEO and Chairman) | Buy | 67,130 | $1.8M |
| Oct 13, 2026 | Cohen Ryan (President, CEO and Chairman) | Buy | 777,000 | $21.0M |
Form 4 filings are routine transactions. Scheduled sales (10b5-1 plans) are normal and not signals.
11. Institutional 13F holdings
| Fund | Shares | Position | Change |
|---|---|---|---|
| Vanguard Group | 365,674 | $7.3B | — |
| BlackRock | 212,010 | $5.2B | — |
| State Street | 197,576 | $551.2M | — |
| BlackRock Institutional Trust | 59,381 | $1.5M | — |
These are 45-day lagged filings (SEC requirement). Position changes happened in the past.
12. Earnings this week
No recent activity
Earnings dates are estimates and may shift. EPS estimates are consensus, not predictions.