GameStop (HAM:GS2C) E10: €-0.40 (As of Apr. 2026)


HAM:GS2C GameStop Corp HAM:GS2C
56 GF Score
Price €18.94
GF Value €10.74
Valuation Significantly Overvalued
! 6 Warning Signs
View Full Analysis

What is GameStop E10?

GameStop HAM:GS2C +2.05% 56 E10 is €-0.40 as of Apr. 2026. GuruFocus rates HAM:GS2C with a GF Score™ of 56/100 and a GF Value™ of €10.74 (Significantly Overvalued). The stock has 6 warning signs investors should review.

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.

GameStop's adjusted earnings per share data for the three months ended in Apr. 2026 was €0.564. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €-0.40 for the trailing ten years ended in Apr. 2026.

During the past 3 years, the average E10 Growth Rate was -30.40% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the E10 growth rate using E10 data.

During the past 13 years, the highest 3-Year average E10 Growth Rate of GameStop was 18.60% per year. The lowest was -67.60% per year. And the median was -3.85% per year.

As of today (2026-06-25), GameStop's current stock price is €18.94. GameStop's E10 for the quarter that ended in Apr. 2026 was €-0.40. GameStop's Shiller PE Ratio of today is .

During the past 13 years, the highest Shiller PE Ratio of GameStop was 3306.25. The lowest was 2.78. And the median was 7.92.


GameStop  (HAM:GS2C) E10 Explanation

If a company grows much fast than inflation, E10 may underestimate the company's earnings power. Shiller PE Ratio can seem to be too high even the actual P/E is low.

For the Shiller P/E, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller P/E is also called PE10.

The Shiller P/E was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.

During the past 13 years, the highest Shiller P/E Ratio of GameStop was 3306.25. The lowest was 2.78. And the median was 7.92.


Be Aware

Shiller PE Ratio works better for cyclical companies. It gives you a better idea on the company's real earnings power.


GameStop E10 Related Terms


GameStop E10 Historical Data

* Premium members only.

The historical data trend for GameStop's E10 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 E10 Chart

GameStop Annual Data
Trend Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24 Jan25 Jan26
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.16 -0.21 -0.32 -0.43 -0.42

GameStop Quarterly Data
Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26
E10 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 -0.40 -0.38 -0.39 -0.42 -0.40

HAM:GS2C vs MUSA, FIVE, BBWI: E10 Comparison

For the Specialty Retail subindustry, GameStop's Shiller PE Ratio, along with its competitors' market caps and Shiller PE 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 Shiller PE Ratio vs Retail - Cyclical Industry

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

* The bar in red indicates where GameStop's Shiller PE Ratio falls into.


HAM:GS2C
56GF Score
GameStop Corp HAM:GS2C
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

GameStop E10 Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. When we calculate the today's Shiller P/E ratio of a stock, we use today's price divided by E10.

What is E10? How do we calculate E10?

E10 is the average of the inflation adjusted earnings of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the E10 of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the earnings from 2001 through 2010.

We adjusted the earnings of 2001 earnings data with the total inflation from 2001 through 2010 to the equivalent earnings in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart earned $1 a share in 2001, then the 2001's equivalent earnings in 2010 is $1.4 a share. If Wal-Mart earns $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 earnings in 2010 is $1.35. So on and so forth, you get the equivalent earnings of past 10 years. Then you add them together and divided the sum by 10 to get E10.

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.

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

Adj_EPS= Earnings per Share (Diluted) /CPI of Apr. 2026 (Change)*Current CPI (Apr. 2026)
=0.564/333.0200*333.0200
=0.564

Current CPI (Apr. 2026) = 333.0200.

GameStop Quarterly Data

per share eps CPI Adj_EPS
201607 0.061 240.628 0.084
201610 0.111 241.729 0.153
201701 0.479 242.839 0.657
201704 0.135 244.524 0.184
201707 0.048 244.786 0.065
201710 0.126 246.663 0.170
201801 -0.213 247.867 -0.286
201804 0.057 250.546 0.076
201807 -0.051 252.006 -0.067
201810 -1.040 252.885 -1.370
201901 -0.403 251.712 -0.533
201904 0.016 255.548 0.021
201907 -0.925 256.571 -1.201
201910 -0.231 257.346 -0.299
202001 0.072 257.971 0.093
202004 -0.591 256.389 -0.768
202007 -0.372 259.101 -0.478
202010 -0.062 260.388 -0.079
202101 0.244 261.582 0.311
202104 -0.211 267.054 -0.263
202107 -0.178 273.003 -0.217
202110 -0.302 276.589 -0.364
202201 -0.429 281.148 -0.508
202204 -0.482 289.109 -0.555
202207 -0.354 296.276 -0.398
202210 -0.315 298.012 -0.352
202301 0.148 299.170 0.165
202304 -0.155 303.363 -0.170
202307 -0.009 305.691 -0.010
202310 -0.009 307.671 -0.010
202401 0.184 308.417 0.199
202404 -0.103 313.548 -0.109
202407 0.037 314.540 0.039
202410 0.037 315.664 0.039
202501 0.280 317.671 0.294
202504 0.080 320.795 0.083
202507 0.266 323.048 0.274
202510 0.112 0.000
202601 0.187 325.252 0.191
202604 0.564 333.020 0.564

Add all the adjusted EPS together and divide 10 will get our e10.

Frequently Asked Questions Learn more about E10 →
What does a E10 of €-0.40 mean?
GameStop (HAM:GS2C) has a E10 of €-0.40 as of Apr. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on GameStop and its competitors.
Is GameStop's E10 too high?
GameStop's current E10 is €-0.40. Overall, GameStop has a GF Score™ of 56/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does GameStop's E10 compare to MUSA and FIVE?
GameStop's E10 of €-0.40 can be compared against companies in the Retail - Cyclical industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good E10 for a Retail - Cyclical company?
A good E10 depends on the Retail - Cyclical industry context. However, E10 should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high E10 mean?
A high E10 can signal that a stock is expensive relative to its fundamentals. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on GameStop and its competitors. GameStop's current E10 is €-0.40. 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 (HAM:GS2C) is currently considered Significantly Overvalued. The stock's GF Value™ is €10.74, compared to a current price of €18.94 — trading 76.4% above its estimated fair value. The current E10 is €-0.40. GameStop's overall GF Score™ is 56/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is E10 calculated?
E10 is calculated from a company's financial statements. For GameStop (HAM:GS2C), the current E10 is €-0.40 as of Apr. 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 (HAM:GS2C) Overvalued in 2026?

Based on GuruFocus' analysis, GameStop stock appears to be overvalued. The current stock price of €18.94 is trading 76.4% above its estimated GF Value™ of €10.74. GuruFocus considers GameStop to be Significantly Overvalued.

Key valuation signals for HAM:GS2C:

  • E10: €-0.40
  • GF Value™: €10.74 vs. price of €18.94 (76.4% above fair value)
  • GF Score™: 56/100 with 6 warning signs

No single metric tells the full story. See the HAM: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.
56GF Score

Get the complete analysis for HAM:GS2C

E10 is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€18.94
Price
€10.74
GF Value