GameStopHAM:GS2C -0.64%56 Net Margin % is 46.64% 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. Among 1,128 Retail - Cyclical companies, GameStop ranks better than 95.92% on this metric.
Net margin is calculated as Net Income divided by its Revenue. GameStop's Net Income for the
three
months ended in Apr. 2026 was €333 Mil. GameStop's Revenue for the
three
months ended in Apr. 2026 was €714 Mil. Therefore, GameStop's net margin for the quarter that ended in Apr. 2026 was 46.64%.
The historical rank and industry rank for GameStop's Net Margin % or its related term are showing as below:
HAM:GS2C'
s Net Margin % Range Over the Past 10 Years
Min: -8.12 Med: -2.05 Max: 20.45
Current: 20.45
HAM:GS2C's Net Margin % is ranked better than 95.92% of 1128
companies
in the Retail - Cyclical industry
Industry Median: 2.335
vs HAM:GS2C: 20.45
GameStop (HAM:GS2C) Net Margin % Explanation
Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.
But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.
GameStop Net Margin % Related Terms
GameStop Net Margin % Historical Data
* Premium members only.
The historical data trend for GameStop's Net Margin % 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.
HAM:GS2C vs MUSA, FIVE, BBWI: Net Margin % Comparison
For the Specialty Retail subindustry, GameStop's Net Margin %, along with its competitors' market caps and Net Margin % 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 Net Margin % vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, GameStop's Net Margin % distribution charts can be found below:
* The bar in red indicates where GameStop's Net Margin % falls into.
* 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 (HAM:GS2C) has a Net Margin % of 46.64% as of Apr. 2026. Net margin is the ratio of total net income to net sales. View historical data on GameStop and its competitors. According to the industry distribution chart, GameStop ranks #46 out of 1128 companies in the Retail - Cyclical industry, placing it in the top 4.1%.
Is GameStop's Net Margin % too high?
GameStop's current Net Margin % is 46.64%. The Retail - Cyclical industry median Net Margin % is 2.34. GameStop's value of 46.64% is 1897.4% above this industry median. Based on the distribution chart, GameStop ranks #46 out of 1128 companies in the Retail - Cyclical industry, which is in the top quartile — a strong position relative to peers. 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 Net Margin % compare to MUSA and FIVE?
According to the Retail - Cyclical industry distribution chart, GameStop ranks #46 out of 1128 companies for Net Margin %. This places GameStop in the top 4% of its industry — outperforming the majority of peers. The industry median Net Margin % is 2.34. GameStop's value of 46.64% is 1897.4% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net Margin % for a Retail - Cyclical company?
The median Net Margin % among Retail - Cyclical companies is 2.34, based on 1,128 companies in the industry. Companies in the top quartile (top 25%) have a Net Margin % significantly above this median, while those in the bottom quartile fall well below. However, Net Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. GameStop's current Net Margin % of 46.64% is 1897.4% 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 Net Margin % mean?
A high Net Margin % can signal that a stock is expensive relative to its fundamentals. Net margin is the ratio of total net income to net sales. View historical data on GameStop and its competitors. For the Retail - Cyclical industry, the median Net Margin % is 2.34 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. GameStop's current Net Margin % is 46.64%. 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 €18.56 — trading 72.8% above its estimated fair value. The current Net Margin % is 46.64% and 1897.4% above the Retail - Cyclical industry median of 2.34. 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 Net Margin % calculated?
Net Margin % is calculated from a company's financial statements. For GameStop (HAM:GS2C), the current Net Margin % is 46.64% 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 €18.56 is trading 72.8% above its estimated GF Value™ of €10.74.
GuruFocus considers GameStop to be Significantly Overvalued.
Key valuation signals for HAM:GS2C:
Net Margin %: 46.64%
GF Value™: €10.74 vs. price of €18.56 (72.8% above fair value)
Industry Position: 1897.4% above the Retail - Cyclical median (#46 of 1128)
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 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
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