GameStop (STU:GS2C) Cyclically Adjusted PB Ratio: (As of Sep. 22, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
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.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
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.

STU:GS2C GameStop Corp STU:GS2C
51 GF Score
Price €19.92
GF Value €12.78
Valuation Significantly Overvalued
! 4 Warning Signs
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What is GameStop Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


GameStop  (STU:GS2C) 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 5.69 4.54 2.93 5.15 3.58

GameStop Quarterly Data
Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26 Jul26
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 3.76 3.59 3.64 3.71 3.19

STU:GS2C vs MUSA, DKS, 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.


STU:GS2C
51GF Score
GameStop Corp STU:GS2C
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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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 Book per Share for the quarter that ended in Jul. 2026 is calculated as:

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

Adj_Book=Book Value per Share/CPI of Jul. 2026 (Change)*Current CPI (Jul. 2026)
=11.886/333.9180*333.9180
=11.886

Current CPI (Jul. 2026) = 333.9180.

GameStop Quarterly Data

Book Value per Share CPI Adj_Book
201610 4.721 241.729 6.521
201701 5.163 242.839 7.099
201704 5.142 244.524 7.022
201707 4.839 244.786 6.601
201710 4.902 246.663 6.636
201801 4.387 247.867 5.910
201804 4.434 250.546 5.909
201807 4.408 252.006 5.841
201810 3.386 252.885 4.471
201901 2.854 251.712 3.786
201904 2.817 255.548 3.681
201907 2.009 256.571 2.615
201910 2.037 257.346 2.643
202001 2.145 257.971 2.776
202004 1.537 256.389 2.002
202007 1.142 259.101 1.472
202010 1.094 260.388 1.403
202101 1.376 261.582 1.757
202104 2.636 267.054 3.296
202107 5.144 273.003 6.292
202110 4.995 276.589 6.030
202201 4.709 281.148 5.593
202204 4.529 289.109 5.231
202207 4.334 296.276 4.885
202210 4.140 298.012 4.639
202301 3.997 299.170 4.461
202304 3.780 303.363 4.161
202307 3.766 305.691 4.114
202310 3.911 307.671 4.245
202401 4.031 308.417 4.364
202404 3.993 313.548 4.252
202407 9.498 314.540 10.083
202410 9.905 315.664 10.478
202501 10.609 317.671 11.152
202504 9.809 320.795 10.210
202507 10.103 323.048 10.443
202510 10.258 0.000
202601 10.209 325.252 10.481
202604 11.099 333.020 11.129
202607 11.886 333.918 11.886

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.

Is GameStop (STU:GS2C) Overvalued in 2026?

Based on GuruFocus' analysis, GameStop stock appears to be overvalued. The current stock price of €19.92 is trading 55.9% above its estimated GF Value™ of €12.78. GuruFocus considers GameStop to be Significantly Overvalued.

Key valuation signals for STU:GS2C:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: €12.78 vs. price of €19.92 (55.9% above fair value)
  • GF Score™: 51/100 with 4 warning signs

No single metric tells the full story. See the STU:GS2C 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.
51GF Score

Get the complete analysis for STU:GS2C

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

€19.92
Price
€12.78
GF Value