NAS10028,180+0.68%S&P7,569+0.36%GOLD$4,053+2.84%BTC$78,407+1.37%VIX18.52−11.09%latest tape · as of 10:13 UTC
The Screen · Consumer Cyclical · Specialty Retail
GMEGamestop Corp
GME · the NYSE · USD · Market cap $12.5B · 4,000 employees
GameStop Corp., a specialty retailer, provides games, collectibles, and entertainment products through its stores and e-commerce platforms in United States, Australia and Europe.
FAIL · Does not pass the screen
24.27 USD
Price as of 3 Nov 2026Daily close, not a live quote
Screened 2026-11-03 · the tape above runs as of 10:13 UTC · two dates, stated on purpose · verdict and workings shown in full · never trimmed
Key facts today
Price24.27 USD at the 3 Nov 2026 close
Fair value33.55. Our model only; no analyst estimate to cross-check.
Our value readUndervalued vs our fair value, as of 3 Nov 2026
Positioning no disclosures inside 60 days, left as found
Options put/call open interest 0.27, read 2026-11-01
Ethical does not pass the values gate
Price24.27 USD
Fair value33.55Our model only; no analyst estimate to cross-check.
Ethical score70.0/100
Value readUndervaluedas of 3 Nov 2026
Our investment reviews on this name
2026-10-23Read Markup27.22-10.8% to today Accumulation gives way to Markup after a 43% rise in 7 weeks
2026-09-05Read Accumulation18.97+27.9% to today ✓Markdown gives way to Accumulation after a 13% slide in 9 weeks
2026-07-02Read Markdown21.77+11.5% to today First review on file: Markdown
Our analytic regime reads on this name, dated and marked against the screened price. Small sample per name, and separate from the daily-framework accuracy on the Track Record page.
Gamestop Corp holds its Markdown at $24.27. The statistical read favours the buyers, held for 303 days.
As held on the ledger · 2026-11-03
Phase
Markdown · caution
Quantitative state
The statistical read favours the buyers, held for 303 days
Price at the screen
$24.27
Valuation
16.33 trailing · 13.34 forward price to earnings
Values screen
FAIL· score 70.0
Beta
1.62
The Workings
Five Screens, Shown in Full
Does not pass. Debt ratio
Test
Figure
Limit
What it means
Status
Business activity
Permissible
Core business clean
Its core business isn't built on prohibited lines: no gambling, alcohol, tobacco, weapons, or interest-based lending.
Pass
Debt load
41.99%
Below 33%
Interest-bearing debt is 42.0% of its assets, above the one-third ceiling the screen allows.
Fail
Interest-bearing cash
26.08%
Below 33%
Cash held in interest-bearing accounts and securities is 26.1% of assets, under the one-third limit.
Pass
Receivables
61.12%
Below 49%
Money owed to the company is 61.1% of assets, above the 49% limit.
Fail
Revenue purity
7.48%
Below 5%
7.5% of revenue comes from non-compliant sources, over the 5% line.
Fail
Five checks adapted from AAOIFI screening standards: business activity plus four balance-sheet ratios. All five must pass for ethical clearance. Every figure is arithmetic on public accounts, not judgement.
The Ethical Read
Why It Falls Short, in Plain English
Gamestop's business is in a permissible area, but its interest-bearing debt is about 42% of the company, well over the ~33% line, so it does not pass on the financial screens. Its receivables are also high.
Read as at 2026-11-04. It updates when the underlying figures move, and past reads are kept below.
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Today GME does not pass the screen. If new figures move it to a pass, we send you one short email with the before and after. Verdicts change rarely, so you may not hear from us for a long time.
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What the Numbers Say It Is Worth
The Fair Value Range
Our model only; no analyst estimate to cross-check.
Our analysis reads Undervalued vs our fair value, as of 3 Nov 2026: it trades at roughly a 28% discount to our $33.55 fair value, weak competitive moat.
Fair value range in USD, drawn from the 2026-11-03 screen. The gold marker is the market price at the same screen. A 27.7% discount to the base estimate.
Where our models see it going: fair-value estimate $33.55, with a range of $30.69 to $48.38, dated to the 2026-11-03 screen.
Fair value and rating are our own model estimates; the Street's range reflects third-party analyst estimates. Analysis, not advice.
The Business, in Plain Words
Retail Store Chain Clings To Fading Model
Step inside a GameStop and you still see rows of game cases and consoles, yet most players now download titles in seconds without ever visiting a shop. The numbers show 14 percent revenue growth, a 20 percent profit margin and 14 percent ROE, yet these sit alongside a weak moat and a price above our fair value estimate.
We pass because the forward multiple of 16 times offers no margin of safety and the business lacks any lasting edge against digital platforms and bigger online rivals. Ethical screens clear, but that alone does not create value when competitive position stays thin.
Specialty retail stays cyclical, so earnings can drop fast if console cycles slow or consumer spending tightens. A low multiple on peak margins often signals a trap rather than a bargain here. Analysis, not advice.
Another profit measure, before interest, tax and non-cash costs: EBITDA.
The risks · The things to watch: it already moves more than the market on an average day.
Plain-English interpretation of our own screen data. Analysis, not advice.
Where & How to Trade
GME trades on the NYSE. As a listed security it is accessible through almost any international broker offering its home market. New to this, or investing from abroad? Our guide to accessing global markets covers brokers, currencies and the practical steps.
The Dated Journal · Newest First, Never Edited
Every Entry, As Written
2026-10-30Markup$24.82-8.8%Entry 16
The analysis reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved down 8.8% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows modest positive risk-adjusted returns. Our composite framework grades it C, carrying a low risk profile. Technically it is sitting below its long-term trend line with momentum reading neutral. Over the past year the shares are down 25%. Our forward projection puts the odds of a 10% gain over the next month near 28%. Insiders have been net buyers over the past quarter.
2026-10-23Markup · changed$27.22+0.0%Entry 15
The framework has shifted from accumulation to markup since the last review. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved down 0.0% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows modest positive risk-adjusted returns. Our composite framework grades it B, carrying a low risk profile. Technically it is sitting below its long-term trend line with momentum reading bullish. Over the past year the shares are down 25%. Our forward projection puts the odds of a 10% gain over the next month near 28%. Insiders have been net buyers over the past quarter.
2026-10-16Accumulation$27.22+20.2%Entry 14
The analysis reads accumulation. Smart money appears to be quietly building positions. This typically precedes a markup phase. Price has moved up 20.2% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows modest positive risk-adjusted returns. Our composite framework grades it B, carrying a low risk profile. Technically it is holding around 4% above its long-term trend line with momentum reading neutral. Over the past year the shares are down 25%. Our forward projection puts the odds of a 10% gain over the next month near 28%. Insiders have been net buyers over the past quarter.
2026-10-02Accumulation$22.64+19.3%Entry 13
Our analysis reads accumulation. Smart money appears to be quietly building positions. This typically precedes a markup phase. Price has moved up 19.3% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows modest positive risk-adjusted returns. Our composite framework grades it B, carrying a low risk profile. Technically it is holding around 4% above its long-term trend line with momentum reading neutral. Over the past year the shares are down 25%. Our forward projection puts the odds of a 10% gain over the next month near 28%. Insiders have been net buyers over the past quarter. Since the last review it its composite score rose.
2026-09-08Accumulation$18.97+0.0%Entry 12
Our analysis reads accumulation. Smart money appears to be quietly building positions. This typically precedes a markup phase. Price has moved down 0.0% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows modest positive risk-adjusted returns. Our composite framework grades it B, carrying a low risk profile. Technically it is holding around 4% above its long-term trend line with momentum reading neutral. Over the past year the shares are down 25%. Our forward projection puts the odds of a 10% gain over the next month near 28%. It reported earnings in this window, a natural checkpoint for the thesis.
2026-09-06Accumulation$18.97+0.0%Entry 11
Our analysis reads accumulation. Smart money appears to be quietly building positions. This typically precedes a markup phase. Price has moved down 0.0% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows modest positive risk-adjusted returns. Our composite framework grades it B, carrying a low risk profile. Technically it is holding around 4% above its long-term trend line with momentum reading neutral. Over the past year the shares are down 25%. Our forward projection puts the odds of a 10% gain over the next month near 28%. It reported earnings in this window, a natural checkpoint for the thesis.
The framework has shifted from markdown to accumulation since the last review. Smart money appears to be quietly building positions. This typically precedes a markup phase. Price has moved down 0.0% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows modest positive risk-adjusted returns. Our composite framework grades it B, carrying a low risk profile. Technically it is holding around 4% above its long-term trend line with momentum reading neutral. Over the past year the shares are down 25%. Our forward projection puts the odds of a 10% gain over the next month near 28%. It reported earnings in this window, a natural checkpoint for the thesis.
2026-09-04Markdown$18.97+0.0%Entry 9
Our analysis reads markdown. Price is trending lower. Sellers are in control and the prior trend has reversed. Price has moved down 0.0% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows modest positive risk-adjusted returns. Our composite framework grades it B, carrying a low risk profile. Technically it is holding around 4% above its long-term trend line with momentum reading neutral. Over the past year the shares are down 25%. Our forward projection puts the odds of a 10% gain over the next month near 28%. It reported earnings in this window, a natural checkpoint for the thesis.
2026-09-03Markdown$18.97+2.2%Entry 8
Our analysis reads markdown. Price is trending lower. Sellers are in control and the prior trend has reversed. Price has moved up 2.2% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows modest positive risk-adjusted returns. Our composite framework grades it B, carrying a low risk profile. Technically it is holding around 4% above its long-term trend line with momentum reading neutral. Over the past year the shares are down 25%. Our forward projection puts the odds of a 10% gain over the next month near 28%. It reported earnings in this window, a natural checkpoint for the thesis.
2026-09-02Markdown$18.57+0.0%Entry 7
Our analysis reads markdown. Price is trending lower. Sellers are in control and the prior trend has reversed. Price has moved down 0.0% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows modest positive risk-adjusted returns. Our composite framework grades it B, carrying a low risk profile. Technically it is holding around 4% above its long-term trend line with momentum reading neutral. Over the past year the shares are down 25%. Our forward projection puts the odds of a 10% gain over the next month near 28%. It reported earnings in this window, a natural checkpoint for the thesis.
Each entry above was written on its date, before the outcome. A journal you can prune is not a journal.