GME · CIK 0001326380 · FY2025 live · 2026-01-31
GameStop Corp.
View as
Model
Z″
FY2025
7.28
Zone
Safe
vs FY2024
−3.36
Market DD
4.04σ
1y PD
<0.01%
Meridian Rank
67.65
from 70.20
0–100 · Z″ tape · not a PD
Book standing
91
Year change
10
Market PD
60
O-score
95
7.28
Classic Z 2.19
Z″ 7.28 · distress below 1.10, grey to 2.60, safe above.
Z″ factor contributions
X1 Working capital / assets
Short-term liquidity. Carries more weight in Z″ than in classic Z.
0.906.56 × = 5.91X2 Retained earnings / assets
Cushion from years of profits. Share buybacks can push this negative at otherwise healthy firms.
0.023.26 × = 0.06X3 EBIT / assets
Operating return on assets. Highest weight in Z″.
0.026.72 × = 0.15X4 Book equity / liabilities
Book equity versus the liability stack. Sales / assets is omitted so asset-light names are not punished for turnover.
1.101.05 × = 1.16
Five-year path
Z″ plus liquidity (working capital / assets) and earnings (EBIT / assets) over the last 5 annual filings.
Overview
llm-v1
Trend
The multi-year Z″ path has trended higher overall from the mid-2010s into the elevated safe zone, with a clear inflection out of sub-1 and low-2 prints in FY2020–FY2022 into a sharp FY2024 peak. The latest FY2025 reading of 7.28 represents a moderation from that peak yet still sits well above the earlier trajectory and deep inside the safe zone.
Positioning
GameStop ranks at the 93rd percentile among the 430-name Consumer tape, far above the median of 1.24 and tightly clustered with nearest peers PRKA 7.30, CHA 7.31, NUS 7.36, RS 7.38 and WSO 7.18.
Strategy
The print is set by the working-capital-to-total-assets line and the book-equity-to-total-liabilities line. On the next 10-K a credit analyst would monitor persistence of the large cash-and-securities buffer that supports the X1 ratio after further store-base changes, and would treat a rebuild in retained earnings or EBIT margins as rank-improving while any material contraction in working capital or rise in liabilities versus book equity as rank-weakening.
Book screen Safe; market PD <0.01%. Treat as aligned — not a single default call.
MD&A excerpt
The company reports a smaller store base, a large cash-and-securities position relative to operating liabilities, and limited remaining long-term debt after prior repayments. Management discusses exploring adjacent businesses while the core retail game cycle remains lumpy. Liquidity is described as strong on a cash basis, with profitability still modest.
Market DD · naive Merton
4.04σ
<0.01%1y PD
Market equity
$10.7B
Default point
$2.8B
Equity vol
38.1%
As of
11 Sept 2026
Naive distance-to-default from the Yahoo/Nasdaq tape. Drift is a 4% discount, not the stock’s sample mean. Not mixed into book-equity X4. An iterative Merton pass stayed in the same PD bucket.
Sector peers
Closest Z″ scores · 93rd percentile in Consumer.
KPI widgets
Current assets
$10.0B
Total assets
$10.4B
Current liabilities
$655M
Total liabilities
$4.9B
Working capital
$9.4B
Retained earnings
$205M
EBIT
$232M
Total sales
$3.6B
Book equity
$5.4B
Accession 0001326380-26-000013. Live rank is the latest 10-K on EDGAR (FY2025, period 2026-01-31). Z″ is the live score. View as does not rewrite the live rank. X4 is book equity. Pulled 13 Sept 2026.