Earnings before Interest, Tax, Depreciation and Amortization (EBITDA)
EV to EBITDA Ratio, Current
EV to EBITDA Ratio, Historical

GameStop Corp., EBITDA calculation

US$ in thousands

12 months ended:	Feb 3, 2024	Jan 28, 2023	Jan 29, 2022	Jan 30, 2021	Feb 1, 2020	Feb 2, 2019
Net income (loss)	6,700)	(313,100)	(381,300)	(215,300)	(470,900)	(673,000)
Less: Income (loss) from discontinued operations, net of tax	—)	—)	—)	(700)	(6,500)	121,800)
Add: Income tax expense	6,400)	11,000)	(14,100)	(55,300)	37,600)	41,700)
Earnings before tax (EBT)	13,100)	(302,100)	(395,400)	(269,900)	(426,800)	(753,100)
Add: Interest expense	—)	—)	26,900)	34,000)	38,500)	56,800)
Earnings before interest and tax (EBIT)	13,100)	(302,100)	(368,500)	(235,900)	(388,300)	(696,300)
Add: Depreciation and amortization	56,200)	61,700)	77,200)	80,700)	96,200)	126,900)
Earnings before interest, tax, depreciation and amortization (EBITDA)	69,300)	(240,400)	(291,300)	(155,200)	(292,100)	(569,400)

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).

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Item	Description	The company
EBITDA	To calculate EBITDA analysts start with net earnings. To that earnings number, interest, taxes, depreciation, and amortization are added. EBITDA as a pre-interest number is a flow to all providers of capital.	GameStop Corp. EBITDA increased from 2022 to 2023 and from 2023 to 2024.

GameStop Corp., current EV/EBITDA calculation, comparison to benchmarks

Selected Financial Data (US$ in thousands)
Enterprise value (EV)	5,622,643)
Earnings before interest, tax, depreciation and amortization (EBITDA)	69,300)
Valuation Ratio
EV/EBITDA	81.13
Benchmarks
EV/EBITDA, Competitors¹
Amazon.com Inc.	21.41
Home Depot Inc.	15.19
Lowe’s Cos. Inc.	12.29
TJX Cos. Inc.	15.82
EV/EBITDA, Sector
Consumer Discretionary Distribution & Retail	19.23
EV/EBITDA, Industry
Consumer Discretionary	18.53

Based on: 10-K (reporting date: 2024-02-03).

¹ Click competitor name to see calculations.

If the company EV/EBITDA is lower then the EV/EBITDA of benchmark then company is relatively undervalued.
Otherwise, if the company EV/EBITDA is higher then the EV/EBITDA of benchmark then company is relatively overvalued.

GameStop Corp., historical EV/EBITDA 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)
Enterprise value (EV)¹	3,570,235)	5,702,136)	5,469,679)	12,565,736)	193,702)	231,346)
Earnings before interest, tax, depreciation and amortization (EBITDA)²	69,300)	(240,400)	(291,300)	(155,200)	(292,100)	(569,400)
Valuation Ratio
EV/EBITDA³	51.52	—	—	—	—	—
Benchmarks
EV/EBITDA, Competitors⁴
Amazon.com Inc.	—	19.88	28.04	21.27	32.24	26.57
Home Depot Inc.	16.56	12.29	14.08	16.53	12.34	13.36
Lowe’s Cos. Inc.	13.26	11.98	12.43	14.41	8.98	18.22
TJX Cos. Inc.	15.33	15.36	13.00	65.35	10.33	12.61
EV/EBITDA, Sector
Consumer Discretionary Distribution & Retail	—	17.52	20.27	20.31	24.32	21.42
EV/EBITDA, Industry
Consumer Discretionary	—	17.98	19.62	21.24	29.08	17.83