Price-to-sales is probably the best metric to use since GME is reinvesting all of its free cashflow into buying more assets similar to what Amazon did for 10 years straight without showing even 1 cent in earnings. Yes, Amazon showed zero earnings for 10 years and still rocketed to the moon (presumably because they were buying up assets with all free cashflow and their book value was increasing just like GME is doing).
Current P/S for GME is 0.65 [~$6B in revenue in 2023]
Current P/S for MSFT is 13.9
Current P/S for Amazon is 3.4
https://ycharts.com/companies/GME/ps_ratio
According to above metrics, the correct current price of GME may be somewhere around $59 assuming zero short squeeze impact. It trades at $11.25 right now.
Price-to-sales is probably the best metric to use since GME is reinvesting all of its free cashflow into buying more assets similar to what Amazon did for 10 years straight without showing even 1 cent in earnings. Yes, Amazon showed zero earnings for 10 years and still rocketed to the moon (presumably because they were buying up assets with all free cashflow and their book value was increasing just like GME is doing).
Current P/S for GME is 0.65
Current P/S for MSFT is 13.9
Current P/S for Amazon is 3.4
https://ycharts.com/companies/GME/ps_ratio
According to above metrics, the correct current price of GME may be somewhere around $59 assuming zero short squeeze impact. It trades at $11.25 right now.
Price-to-sales is probably the best metric to use since GME is reinvesting all of its free cashflow into buying more assets similar to what Amazon did for 10 years straight without showing even 1 cent in earnings. Yes Amazon showed zero earnings for 10 years and still rocketed to the moon (presumably because they were buying up assets with all free cashflow and their book value was increasing just like GME is doing).
Current P/S for GME is 0.65
Current P/S for MSFT is 13.9
Current P/S for Amazon is 3.4
https://ycharts.com/companies/GME/ps_ratio
According to above metrics, the correct current price of GME may be somewhere around $59 assuming zero short squeeze impact. It trades at $11.25 right now.
Price to sales is probably the best metric to use since GME is reinvesting all of its free cashflow into buying more assets similar to what Amazon did for 10 years straight without showing even 1 cent in earnings. Yes Amazon showed zero earnings for 10 years and still rocketed to the moon (presumably because they were buying up assets with all free cashflow and their book value was increasing just like GME is doing).
Current P/S for GME is 0.65
Current P/S for MSFT is 13.9
Current P/S for Amazon is 3.4
https://ycharts.com/companies/GME/ps_ratio
According to above metrics, the correct current price of GME may be somewhere around $59 assuming zero short squeeze impact. It trades at $11.25 right now.
Price to sales is probably the best metric to use since GME is reinvesting all of its free cashflow into buying more assets similar to what Amazon did for 10 years straight without showing even 1 cent in earnings. Yes Amazon showed zero earnings for 10 years and still rocketed to the moon (presumably because they were buying up assets with all free cashflow and their book value was increasing just like GME is doing).
Current P/S for GME is 0.65
Current P/S for MSFT is 13.9
Current P/S for Amazon is 3.4
https://ycharts.com/companies/GME/ps_ratio
According to above metrics, the correct current price of GME may be somewhere around $59 assuming zero short squeeze impact.
Price to sales is probably the best metric to use since GME is reinvesting all of its free cashflow into buying more assets similar to what Amazon did for 10 years straight without showing even 1 cent in earnings. Yes Amazon showed zero earnings for 10 years and still rocketed to the moon (presumably because they were buying up assets with all free cashflow and their book value was increasing just like GME is doing).
Current P/S for GME is 0.65
Current P/S for MSFT is 13.9
Current P/S for Amazon is 3.4