GameStop (MEX:GME) Cyclically Adjusted PB Ratio: 3.32 (As of Jul. 26, 2026) — 10% Above Median

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Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

MEX:GME GameStop Corp MEX:GME
41 GF Score
Price MXN370.00
GF Value MXN215.44
Valuation Significantly Overvalued
! 5 Warning Signs
View Full Analysis

What is GameStop Cyclically Adjusted PB Ratio?

GameStop MEX:GME -0.09% 41 Cyclically Adjusted PB Ratio is 3.32 as of Jul. 26, 2026, which is 10% above its 10-year median of 3.01. GuruFocus rates MEX:GME with a GF Score™ of 41/100 and a GF Value™ of MXN215.44 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 808 Retail - Cyclical companies, GameStop ranks worse than 80.45% on this metric.

As of today (2026-07-26), GameStop's current share price is MXN370.00. GameStop's Cyclically Adjusted Book per Share for the quarter that ended in Apr. 2026 was MXN111.51. GameStop's Cyclically Adjusted PB Ratio for today is 3.32.

The historical rank and industry rank for GameStop's Cyclically Adjusted PB Ratio or its related term are showing as below:

MEX:GME' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.14   Med: 3.01   Max: 16.55
Current: 3.27

During the past years, GameStop's highest Cyclically Adjusted PB Ratio was 16.55. The lowest was 0.14. And the median was 3.01.

MEX:GME's Cyclically Adjusted PB Ratio is ranked worse than
80.45% of 808 companies
in the Retail - Cyclical industry
Industry Median: 1.24 vs MEX:GME: 3.27

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

GameStop's adjusted book value per share data for the three months ended in Apr. 2026 was MXN228.061. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is MXN111.51 for the trailing ten years ended in Apr. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


GameStop  (MEX:GME) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


GameStop Cyclically Adjusted PB Ratio Related Terms


GameStop Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for GameStop's Cyclically Adjusted PB Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

GameStop Cyclically Adjusted PB Ratio Chart

GameStop Annual Data
Trend Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24 Jan25 Jan26
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.41 4.25 2.79 4.87 3.87

GameStop Quarterly Data
Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26
Cyclically Adjusted PB Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4.89 3.83 3.69 3.87 3.86

MEX:GME vs MUSA, FIVE, BBWI: Cyclically Adjusted PB Ratio Comparison

For the Specialty Retail subindustry, GameStop's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


GameStop Cyclically Adjusted PB Ratio vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, GameStop's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where GameStop's Cyclically Adjusted PB Ratio falls into.


MEX:GME
41GF Score
GameStop Corp MEX:GME
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

GameStop Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

GameStop's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=370.00/111.51
=3.32

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

GameStop's Cyclically Adjusted Book per Share for the quarter that ended in Apr. 2026 is calculated as:

For example, GameStop's adjusted Book Value per Share data for the three months ended in Apr. 2026 was:

Adj_Book=Book Value per Share/CPI of Apr. 2026 (Change)*Current CPI (Apr. 2026)
=228.061/333.0200*333.0200
=228.061

Current CPI (Apr. 2026) = 333.0200.

GameStop Quarterly Data

Book Value per Share CPI Adj_Book
201607 97.007 240.628 134.254
201610 97.251 241.729 133.979
201701 116.251 242.839 159.422
201704 106.020 244.524 144.390
201707 101.887 244.786 138.613
201710 109.227 246.663 147.467
201801 101.770 247.867 136.732
201804 100.558 250.546 133.659
201807 96.011 252.006 126.876
201810 77.699 252.885 102.321
201901 62.397 251.712 82.552
201904 59.959 255.548 78.136
201907 42.482 256.571 55.140
201910 43.565 257.346 56.376
202001 44.911 257.971 57.977
202004 40.367 256.389 52.432
202007 30.024 259.101 38.590
202010 27.101 260.388 34.660
202101 33.864 261.582 43.112
202104 63.992 267.054 79.799
202107 121.063 273.003 147.677
202110 118.791 276.589 143.027
202201 108.929 281.148 129.026
202204 97.282 289.109 112.058
202207 89.992 296.276 101.153
202210 81.205 298.012 90.744
202301 81.604 299.170 90.837
202304 75.067 303.363 82.406
202307 69.415 305.691 75.621
202310 74.623 307.671 80.771
202401 75.211 308.417 81.211
202404 72.858 313.548 77.383
202407 191.138 314.540 202.368
202410 215.400 315.664 227.243
202501 227.612 317.671 238.610
202504 218.444 320.795 226.769
202507 217.383 323.048 224.093
202510 219.581 0.000
202601 210.699 325.252 215.731
202604 228.061 333.020 228.061

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

What does a Cyclically Adjusted PB Ratio of 3.32 mean?
GameStop (MEX:GME) has a Cyclically Adjusted PB Ratio of 3.32 as of Jul. 26, 2026. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on GameStop and its competitors. This is 10% above median its historical median of 3.01. Over the past decade, GameStop's Cyclically Adjusted PB Ratio has ranged from 0.14 to 16.55. According to the industry distribution chart, GameStop ranks #650 out of 808 companies in the Retail - Cyclical industry, placing it in the top 80.4%.
Is GameStop's Cyclically Adjusted PB Ratio too high?
GameStop's current Cyclically Adjusted PB Ratio of 3.32 is 10% above median its 10-year median of 3.01. Over the past 10 years, this metric has ranged from a low of 0.14 to a high of 16.55. The Retail - Cyclical industry median Cyclically Adjusted PB Ratio is 1.24. GameStop's value of 3.32 is 167.7% above this industry median. Based on the distribution chart, GameStop ranks #650 out of 808 companies in the Retail - Cyclical industry, which is in the bottom quartile relative to peers. Overall, GameStop has a GF Score™ of 41/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does GameStop's Cyclically Adjusted PB Ratio compare to MUSA and FIVE?
According to the Retail - Cyclical industry distribution chart, GameStop ranks #650 out of 808 companies for Cyclically Adjusted PB Ratio. This places GameStop in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.24. GameStop's value of 3.32 is 167.7% above this benchmark. Historically, GameStop's own Cyclically Adjusted PB Ratio has ranged from 0.14 to 16.55 over the past decade. While the company's 10-year median is 3.01 vs. the industry median of 1.24, GameStop has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PB Ratio for a Retail - Cyclical company?
The median Cyclically Adjusted PB Ratio among Retail - Cyclical companies is 1.24, based on 808 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. GameStop's current Cyclically Adjusted PB Ratio of 3.32 is 167.7% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PB Ratio mean?
A high Cyclically Adjusted PB Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on GameStop and its competitors. For the Retail - Cyclical industry, the median Cyclically Adjusted PB Ratio is 1.24 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. GameStop's current Cyclically Adjusted PB Ratio is 3.32, which is 10% above median its own 10-year median of 3.01. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is GameStop stock overvalued right now?
Based on GuruFocus' analysis, GameStop (MEX:GME) is currently considered Significantly Overvalued. The stock's GF Value™ is MXN215.44, compared to a current price of MXN370.00 — trading 71.7% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 3.32, which is 10% above median its 10-year median of 3.01 and 167.7% above the Retail - Cyclical industry median of 1.24. GameStop's overall GF Score™ is 41/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PB Ratio calculated?
Cyclically Adjusted PB Ratio is calculated from a company's financial statements. For GameStop (MEX:GME), the current Cyclically Adjusted PB Ratio is 3.32 as of Jul. 26, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is GameStop (MEX:GME) Overvalued in 2026?

Based on GuruFocus' analysis, GameStop stock appears to be overvalued. The current stock price of MXN370.00 is trading 71.7% above its estimated GF Value™ of MXN215.44. GuruFocus considers GameStop to be Significantly Overvalued.

Key valuation signals for MEX:GME:

  • Cyclically Adjusted PB Ratio: 3.32 (10% above median its 10-year median of 3.01)
  • GF Value™: MXN215.44 vs. price of MXN370.00 (71.7% above fair value)
  • GF Score™: 41/100 with 5 warning signs
  • Industry Position: 167.7% above the Retail - Cyclical median (#650 of 808)

No single metric tells the full story. See the MEX:GME stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


GameStop Business Description

Address 625 Westport Parkway, Grapevine, TX, USA, 76051
GameStop Corp offers games, collectibles, and entertainment products through its stores and ecommerce platforms. Its products include Hardware and accessories offering new and pre-owned gaming platforms from the console manufacturers, Software offering new and pre-owned gaming software for current and certain prior generation consoles and sell a wide range of in-game digital currency, digital downloadable content and full-game downloads, and Collectibles consist of apparel, toys, trading cards, gadgets and other retail products for pop culture and technology enthusiasts and collectibles related services, such as submission services for the authentication and grading of trading cards. The company operates its business in three geographic segments: the United States, Australia, and Europe.
41GF Score

Get the complete analysis for MEX:GME

Cyclically Adjusted PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

MXN370.00
Price
MXN215.44
GF Value