Market Value Added (MVA)
Market value added (MVA) is the difference between a firm fair value and its invested capital. MVA is a measure of the value a company has created in excess of the resources already committed to the enterprise.
MVA
GameStop Corp., MVA calculation
US$ in thousands
Based on: 10-K (reporting date: 2024-02-03), 10-K (reporting date: 2023-01-28), 10-K (reporting date: 2022-01-29), 10-K (reporting date: 2021-01-30), 10-K (reporting date: 2020-02-01), 10-K (reporting date: 2019-02-02).
1 Fair value of debt. See details »
2 Invested capital. See details »
| Item | Description | The company |
|---|---|---|
| MVA | GameStop Corp. market (fair) value less invested capital. | GameStop Corp. MVA increased from 2022 to 2023 but then decreased significantly from 2023 to 2024. |
MVA Spread Ratio
GameStop Corp., MVA spread ratio calculation, comparison to benchmarks
| Feb 3, 2024 | Jan 28, 2023 | Jan 29, 2022 | Jan 30, 2021 | Feb 1, 2020 | Feb 2, 2019 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||
| Market value added (MVA)1 | 3,205,035) | 5,475,736) | 4,898,079) | 12,113,436) | (474,798) | (328,454) | |
| Invested capital2 | 1,857,700) | 1,936,100) | 2,440,500) | 1,656,300) | 1,926,200) | 2,995,218) | |
| Performance Ratio | |||||||
| MVA spread ratio3 | 172.53% | 282.82% | 200.70% | 731.36% | -24.65% | -10.97% | |
| Benchmarks | |||||||
| MVA Spread Ratio, Competitors4 | |||||||
| Amazon.com Inc. | — | 487.84% | 342.01% | 728.57% | 1,053.43% | 730.44% | |
| Home Depot Inc. | 661.36% | 519.24% | 681.54% | 631.50% | 547.47% | 617.70% | |
| Lowe’s Cos. Inc. | 603.38% | 500.68% | 587.76% | 457.91% | 186.58% | 334.01% | |
| TJX Cos. Inc. | 480.00% | 393.67% | 333.18% | 327.36% | 261.07% | 334.48% | |
Based on: 10-K (reporting date: 2024-02-03), 10-K (reporting date: 2023-01-28), 10-K (reporting date: 2022-01-29), 10-K (reporting date: 2021-01-30), 10-K (reporting date: 2020-02-01), 10-K (reporting date: 2019-02-02).
1 MVA. See details »
2 Invested capital. See details »
3 2024 Calculation
MVA spread ratio = 100 × MVA ÷ Invested capital
= 100 × 3,205,035 ÷ 1,857,700 = 172.53%
4 Click competitor name to see calculations.
| Performance ratio | Description | The company |
|---|---|---|
| MVA spread ratio | The ratio of MVA to invested capital. It measures the efficiency with which investors’ capital investment has translated into a franchise value and into an aggregate net present value premium. | GameStop Corp. MVA spread ratio improved from 2022 to 2023 but then deteriorated significantly from 2023 to 2024. |
MVA Margin
GameStop Corp., MVA margin calculation, comparison to benchmarks
| Feb 3, 2024 | Jan 28, 2023 | Jan 29, 2022 | Jan 30, 2021 | Feb 1, 2020 | Feb 2, 2019 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||
| Market value added (MVA)1 | 3,205,035) | 5,475,736) | 4,898,079) | 12,113,436) | (474,798) | (328,454) | |
| Net sales | 5,272,800) | 5,927,200) | 6,010,700) | 5,089,800) | 6,466,000) | 8,285,300) | |
| Add: Increase (decrease) in deferred revenue | (83,300) | 69,600) | 22,400) | 3,400) | (7,700) | (8,200) | |
| Adjusted net sales | 5,189,500) | 5,996,800) | 6,033,100) | 5,093,200) | 6,458,300) | 8,277,100) | |
| Performance Ratio | |||||||
| MVA margin2 | 61.76% | 91.31% | 81.19% | 237.84% | -7.35% | -3.97% | |
| Benchmarks | |||||||
| MVA Margin, Competitors3 | |||||||
| Amazon.com Inc. | — | 274.96% | 178.50% | 312.93% | 408.23% | 330.23% | |
| Home Depot Inc. | 242.57% | 182.42% | 216.66% | 237.60% | 181.62% | 195.15% | |
| Lowe’s Cos. Inc. | 181.37% | 127.78% | 159.89% | 145.00% | 69.10% | 115.18% | |
| TJX Cos. Inc. | 186.85% | 160.74% | 135.17% | 227.93% | 116.99% | 149.26% | |
Based on: 10-K (reporting date: 2024-02-03), 10-K (reporting date: 2023-01-28), 10-K (reporting date: 2022-01-29), 10-K (reporting date: 2021-01-30), 10-K (reporting date: 2020-02-01), 10-K (reporting date: 2019-02-02).
1 MVA. See details »
2 2024 Calculation
MVA margin = 100 × MVA ÷ Adjusted net sales
= 100 × 3,205,035 ÷ 5,189,500 = 61.76%
3 Click competitor name to see calculations.
| Performance ratio | Description | The company |
|---|---|---|
| MVA margin | The ratio of MVA to sales. It measures how efficiently and prodigiously sales translate into franchise value. | GameStop Corp. MVA margin ratio improved from 2022 to 2023 but then deteriorated significantly from 2023 to 2024. |