Question 1

What is GameStop's EV/EBITDA ratio?

Accepted Answer

GameStop (GME) EV/EBITDA ratio is 12.2× as of July 22, 2026. The ratio is calculated by dividing enterprise value by trailing twelve-month EBITDA, using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the EV/EBITDA ratio calculated?

Accepted Answer

EV/EBITDA = Enterprise Value ÷ Trailing Twelve-Month (TTM) EBITDA, where Enterprise Value = Market Capitalisation + Total Debt − Cash & Short-Term Investments. All inputs are sourced from audited GAAP/IFRS filings and translated to USD using period-end exchange rates so the multiple is comparable across companies and currencies.

Question 3

What is the EV/EBITDA ratio?

Accepted Answer

The EV/EBITDA ratio (the enterprise multiple) compares enterprise value (EV) to trailing twelve-month (TTM) EBITDA. EV is calculated as market capitalisation + total debt − cash & short-term investments. Because EV/EBITDA is capital-structure-neutral and ignores non-cash depreciation and amortisation, it is the standard multiple used in M&A and for cross-company or cross-border comparisons. Note: this calculation uses a simplified EV (minority interest and preferred equity excluded due to data availability), consistent with most public financial-data providers.

Question 4

What is a good EV/EBITDA ratio for GameStop?

Accepted Answer

Mature, cash-generative businesses commonly trade in the 8–12× EV/EBITDA range; higher-growth, asset-light companies often trade at 15–25×+. EV/EBITDA is most useful for comparing companies with different capital structures (debt levels) or tax regimes. For GameStop specifically, the relevant sector benchmark is the current sector median of 13.4×.

Question 5

Is GameStop's EV/EBITDA ratio high or low?

Accepted Answer

GameStop's EV/EBITDA ratio of 12.2× is below its own 5-year average of 53.9× and below the sector median of 13.4×. That places the current reading at the 1th percentile of its 10-year history. A higher multiple usually reflects stronger expected growth, lower perceived risk, or higher returns on capital; a lower multiple reflects the opposite.

Question 6

What is GameStop's historical EV/EBITDA ratio range?

Accepted Answer

In the available daily series, GameStop (GME) EV/EBITDA ratio has ranged from a low of 2.3× in 2003 to a high of 245.4× in 2024. The 5-year average is 53.9× and the 5-year median is 59.6×.

Question 7

What was GameStop's EV/EBITDA ratio in 2026?

Accepted Answer

GameStop (GME) EV/EBITDA ratio at the end of 2026 was 25.4×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month EBITDA figure available at that date.

Question 8

Why does GameStop's EV/EBITDA ratio change over time?

Accepted Answer

Valuation multiples move with two inputs: the numerator (enterprise value, which tracks share price plus net debt) and the denominator (EBITDA). Share-price changes — driven by interest rates, earnings expectations, risk appetite, and broader market sentiment — typically dominate short-term moves, while changes in the underlying fundamental drive the longer-term trend. As a result, the ratio can rise during stock-price rallies even if the business itself has not become more valuable, and fall during sell-offs even when fundamentals are improving.


2026	$10.7B	$238M	25.4×	-74.3×	Jan 31, 2026
2025	$12B	$76.8M	99.7×	+35.3×	Jan 31, 2025
2024	$4.35B	$58.3M	64.4×	—	Jan 31, 2024
2023	$6.66B	-$210M	—	—	Jan 31, 2023
2022	$8.27B	-$291M	—	—	Jan 31, 2022
2021	$14.7B	-$155M	—	—	Jan 31, 2021
2020	$326M	-$292M	—	—	Jan 31, 2020
2019	$1.16B	-$625M	—	—	Jan 31, 2019
2018	$1.71B	$289M	5.8×	+2.1×	Jan 31, 2018
2017	$2.51B	$725M	3.7×	+0.3×	Jan 31, 2017
2016	$2.81B	$807M	3.4×	-1.3×	Jan 31, 2016
2015	$3.86B	$776M	4.6×	-0.1×	Jan 31, 2015
2014	$4.09B	$744M	4.8×	-12.9×	Jan 31, 2014
2013	$2.81B	$138M	17.7×	+14.3×	Jan 31, 2013
2012	$3.2B	$758M	3.4×	+0.1×	Jan 31, 2012
2011	$3.18B	$835M	3.3×	-0.3×	Jan 31, 2011
2010	$3.27B	$798M	3.5×	-1.4×	Jan 31, 2010
2009	$4.06B	$817M	4.9×	-7.6×	Jan 31, 2009
2008	$8.3B	$640M	12.5×	+3.2×	Jan 31, 2008
2007	$4.06B	$457M	9.3×	-3.8×	Jan 31, 2007
2006	$3.12B	$282M	13.1×	+6.5×	Jan 31, 2006
2005	$1.04B	$137M	6.6×	+1.2×	Jan 31, 2005
2004	$927M	$134M	5.4×	+3.1×	Jan 31, 2004
2003	$483M	$110M	2.3×	—	Jan 31, 2003


Etsy (ETSY)	12.3×
Amazon (AMZN)	12.2×
Packaging Corporation of America (PKG)	12.2×
Avery Dennison (AVY)	11.9×
Wynn Resorts (WYNN)	11.7×
Williams-Sonoma (WSM)	11.7×
Amcor (AMCR)	11.6×
Lennar (LEN)	11.2×
Ball (BALL)	10.7×
Hasbro (HAS)	10.7×
NVR (NVR)	10.6×
Norwegian Cruise Line (NCLH)	9.9×
LKQ (LKQ)	9.0×
Deckers Outdoor (DECK)	9.0×
Carnival Corporation (CCL)	8.7×
Toll Brothers (TOL)	8.6×
Smurfit Westrock (SW)	8.3×
Expedia Group (EXPE)	8.0×
Mohawk Industries (MHK)	6.4×
General Motors (GM)	6.3×
Best Buy Co. (BBY)	6.2×
Weyco Group (WEYS)	6.2×
Lululemon Athletica (LULU)	6.0×
Leggett & Platt (LEG)	5.4×
PDD Holdings (PDD)	3.6×

EV/EBITDA for GameStop (GME) 2003-2026

EV/EBITDA daily chart for GameStop (GME)

Historical EV/EBITDA for GameStop (GME) from 2003 to 2026

About EV/EBITDA at GameStop (GME)

GameStop EV/EBITDA by Year

GameStop EV/EBITDA 2026: 25.4×

GameStop EV/EBITDA 2025: 99.7×

GameStop EV/EBITDA 2024: 64.4×

GameStop EV/EBITDA 2018: 5.8×

GameStop EV/EBITDA 2017: 3.7×

Sector peers by EV/EBITDA — chart

Sector peers by EV/EBITDA — table

Frequently asked questions

GameStop (GME) Key Financials