Is GameStop’s Stock Overvalued or Undervalued?

A GameStop store in New York on Feb. 2, 2021. Chung I Ho/The Epoch Times

GameStop Corp. shares have left the S&P 500 in the dust in 2021, generating a year-to-date total return of 1,060 percent.

GameStop’s stock has had a wild ride in 2021, but investors may be wondering whether there’s any value left in GameStop shares.

Earnings

A price-to-earnings ratio (PE) is one of the most basic fundamental metrics for gauging a stock’s value. The lower the PE, the higher the value.