← Back to Stock Screener← Stock Screener

ZYBERNO

Stock Report

Updated Sep 1, 2026

GAMESQUARE HOLDINGS, INC. (GAME)

NASDAQ

$2.85

Professional Investment Analysis

ZYBERNO SCORE →

Is it a great business? Is it getting better?

17.0/100

POOR BUSINESS

GAMESQUARE HOLDINGS, INC. (GAME) scores 17/100 — concerning metrics indicating significant structural or financial risks.

📊 How is the Zyberno Score calculated? +

The Zyberno Score answers one question: "Is this a quality business worth owning?" It's a 0-100 investment grade that evaluates business fundamentals across four critical dimensions, based on principles from Warren Buffett, Benjamin Graham, Peter Lynch, and Charlie Munger.

The 4 Core Categories (25 points each):

1. PROFITABILITY (25 pts)

Metrics: ROE, ROIC, Net Margin, Operating Margin
Thresholds: ROE >20% excellent • ROIC >20% excellent • Net Margin >20% excellent • Operating Margin >25% excellent

2. FINANCIAL STRENGTH (25 pts)

Metrics: Debt-to-Equity, Current Ratio, Interest Coverage, Altman Z-Score
Thresholds: D/E <0.3 excellent • Current Ratio >2.5 excellent • Interest Coverage >10x excellent • Altman Z >3.0 safe

3. CASH FLOW QUALITY (25 pts)

Metrics: Free Cash Flow, OCF vs Net Income, FCF Margin
Thresholds: Positive & growing FCF excellent • OCF/NI >1.2x excellent (cash earnings exceed accounting)

4. GROWTH & CONSISTENCY (25 pts)

Metrics: Revenue Growth, Net Income Growth, FCF Growth, Piotroski F-Score
Thresholds: Growth via log-linear regression • Piotroski 8-9 excellent, 6-7 good

Score Interpretation:

75-100

GREAT BUSINESS

65-74

GOOD BUSINESS

50-64

AVERAGE BUSINESS

30-49

WEAK BUSINESS

0-29

POOR BUSINESS

→ View full GAME quality analysis & detailed breakdown

VALUATION SIGNAL

N/A (Requires more data)

Requires fair value calculation and current price data

💰 How is Margin of Safety calculated? +

Margin of Safety measures how much discount or premium you're paying relative to a stock's intrinsic value. It's Benjamin Graham's core principle: the larger the margin, the lower your downside risk.

Formula: (Intrinsic Value − Current Price) ÷ Intrinsic Value × 100%

How We Calculate Intrinsic Value (DCF Method):

Step 1: Calculate current Owner Earnings (OCF − Maintenance CapEx)

Step 2: Calculate company-specific growth rate using log-linear regression on 16 quarters of Owner Earnings

Step 3: Project 10 years forward using the calculated growth rate

Step 4: Discount each year's cash flow to present value using 10% discount rate

Step 5: Calculate terminal value using 3% perpetual growth rate

Step 6: Sum all discounted cash flows = Intrinsic Value

What The Percentages Mean:

+50% or more

EXCELLENT — Very undervalued

+25% to +50%

GOOD — Attractive discount

0% to +25%

FAIR — Reasonable value

0% to -25%

CAUTION — Slight premium

-25% or worse

POOR — Overvalued

"Price is what you pay, value is what you get." — Warren Buffett

→ View full GAME valuation analysis · → View full GAME Brina Gap analysis

📈 How is Brina Gap calculated? +

Brina Gap measures the difference between the growth a business can fundamentally sustain and the growth the market is already pricing in.

Formula: Fundamental Growth Rate − Market-Implied Growth Rate

The Two Components:

Fundamental Growth Rate = ROIC × Reinvestment Rate

What the business can sustainably grow at based on how much it reinvests and what return it earns on that capital. Grounded in historical financials.

Market-Implied Growth Rate = Reverse DCF

The growth rate the current Enterprise Value implicitly assumes. Calculated by back-solving a 10-year DCF model (10% WACC, 3% terminal growth) until the present value of projected cash flows equals EV.

What The Gap Means:

Gap > +5% Market Underestimates — potential upside

+2% to +5% Slight Underestimate

-2% to +2% Fairly Priced — market consensus matches fundamentals

-5% to -2% Slight Overestimate

Gap < -5% Market Overestimates — price embeds optimism fundamentals don't support

A positive gap (market underestimates) combined with a positive Margin of Safety is the strongest combined signal — the business is both cheap historically and forward economics are stronger than the price suggests.

Critical Financial Health Indicators

Return on Equity (Profitability):CRITICAL (-169.8%)

Debt-to-Equity (Solvency Risk):EXCELLENT (0.28x)

Operating Margin (Operational Efficiency):CRITICAL (-23.7%)

Return on Capital (Capital Efficiency):CRITICAL (-151.2%)

📊 Valuation Trilogy

Three interconnected metrics for complete valuation analysis

Click any metric for full methodology and detailed analysis

Zyberno's Verdict

GAMESQUARE HOLDINGS, INC. (GAME) stock report — Zyberno Score 17/100 (POOR BUSINESS). Full financial analysis on Zyberno.

Over the trailing twelve months, GAME generated -$16.24M in Owner Earnings. Capital was deployed as follows: $770.22K returned via share buybacks, $4.87K invested in capital expenditures. Reinvestment rate: 86.8%.

DIVISION I: EXECUTIVE SUMMARY

A. Market Valuation

Market Price & Capitalization (2)

Current Price:2.85

Market Cap:$270.49M

Valuation Multiples (3)

P/B Ratio:27.36x

P/S Ratio:3.47x

Peg Ratio:-999.00x

Enterprise Metrics (1)

Enterprise Value:$269.77M

Price Action & Momentum (1)

% of 52-Week High:41.4%

B. Profitability Assessment

Return Metrics (5)

ROE:

-169.8%

📊 Click to view full GAME ROE analysis →

ROA:-73.6%

Roic:

-151.2%

📊 Click to view full GAME ROIC analysis →

Reinvestment Rate:86.8%

Fundamental Growth Rate (g):-131.2%

Margin Analysis (3)

Operating Margin Ttm:-23.7%

Net Margin Ttm:-77.3%

Ebitda Margin:-20.2%

TTM Performance (3)

Gross Margin Ttm:36.4%

Operating Margin Ttm:-23.7%

Net Margin Ttm:-77.3%

Yield Metrics (2)

Earnings Yield:-$156.68

Dividend Yield:0.0%

C. Log-Linear Regression Growth Trends

Revenue Growth (Linear) (1)

Revenue Growth Rate (Linear):-12.8%

D. Financial Stability

Liquidity Ratios (3)

Current Ratio:0.90x

Quick Ratio:0.90x

Cash Ratio:0.05x

Leverage Analysis (3)

Debt To Equity Ttm:0.28x

Debt-to-Equity Ratio:0.28x

Debt To Ebitda:-999.00x

Coverage Ratios (2)

Interest Coverage Ratio:-509.21x

Times Interest Earned:-509.21

Capital Structure (4)

Working Capital:-4,528,349.00

Cash And Cash Equivalents:2,101,751.00

Long Term Debt:$925.36K

Net Debt:-$718.20K

DIVISION II: FINANCIAL STATEMENTS ANALYSIS

A. Income Statement Analysis

Revenue Components (2)

Revenue TTM: $77.98M

Linear Growth: -12.8%

📊 Click to view full GAME Revenue analysis & methodology →

Cost Of Revenue Ttm:$43.84M

Profitability Breakdown (2)

Gross profit TTM: $28.38M

Linear Growth: 44.5%

📊 Click to view full GAME Gross Profit analysis & methodology →

-$18.48M

Bottom Line Performance (3)

-$60.28M

Income Before Tax:-$45.22M

Ebitda Ttm:-15,779,002.00

Operating Expenses (5)

Operating Expenses:46,857,122.00

R And D Expense:2,016,907.00

Sga Expense:19,417,764.00

Income Tax Expense:$27.95K

Interest Expense:49,558.00

Expense Ratios (3)

R And D To Revenue Percentage:10.9%

Sga To Revenue Percentage:105.1%

Ebitda Margin:-20.2%

B. Balance Sheet Analysis

Asset Composition (5)

Total Assets:$58.89M

Current Assets:$40.46M

Ppe Net:106,456.00

Goodwill:8,619,295.00

Intangible Assets:$7.45M

Liability Structure (4)

Total Liabilities:49,003,394.00

Current Liabilities:44,988,105.00

Long Term Debt:$925.36K

Short Term Debt:$458.19K

Equity & Capital (3)

Equity:$9.88M

Retained Earnings:-$190.63M

Common Stock:500,000,000.00

Working Capital Items (3)

Accounts Receivable:11,322,606.00

Inventory:0.00

Accounts Payable:20,795,772.00

Special Items (2)

Contract Liabilities:5,334,418.00

Stock Based Compensation:527,686.00

C. Cash Flow Analysis

Operating Activities (2)

-$16.24M-$16.24M

Investment Activities (2)

Investing Cash Flow:-$2.52M

Capital Expenditures Ttm:4,868.00

Financing Activities (3)

Financing Cash Flow:$6.73M

Dividends Paid Ttm:0.00

Stock Repurchase:770,223.00

Capital Transactions (3)

Common Stock Issuance:5,000,000.00

Long Term Debt Issuance:$0.00

Long Term Debt Repayments:$0.00

Non-Cash Items (1)

Depreciation Amortization Ttm:2,700,000.00

DIVISION III: OPERATIONAL METRICS

A. Per Share Analysis

Earnings Per Share (3)

EPS (Basic TTM):-0.68

-$0.68

Earnings Per Share Ttm:-$0.64

Revenue & Cash Per Share (2)

Sales Per Share Ttm:0.82

Operating Cash Flow Per Share:-$0.19

Book Value & Capital (2)

Book Value Per Share:$0.10

Cash Per Share:0.02

Dividend Policy (1)

Dividend Payout Ratio:-999.00x

B. Operational Efficiency

Asset Utilization (2)

Asset Turnover Ttm:0.95x

Working Capital Turnover Ttm:-999.00x

Receivables Management (2)

Receivables Turnover Ttm:6.89x

Days Sales Outstanding Ttm:53.00

Inventory Management (2)

Inventory Turnover Ttm:-999.00x

Days Inventory Outstanding Ttm:-999.00

Payables & Cash Cycle (2)

Days Payable Outstanding:173.14

Cash Conversion Cycle:-1,119.14

C. Quality & Risk Metrics

Financial Quality Scores (2)

Financial Strength Score:60.00

Quality Score:30.00

Market Metrics (2)

Beta:0.00x

Volatility Category:unknown

DIVISION IV: INVESTMENT ANALYSIS

A. Value Investment Framework

Owner Earnings Analysis (1)

-$16.24M

Damodaran Growth Analysis (2)

Reinvestment Rate:86.8%

Fundamental Growth Rate (g):-131.2%

B. Log-Linear Regression Growth Analysis

Growth Rates (Log-Linear Regression) (1)

Revenue Growth Rate (Linear):-12.8%

Other Growth Rates (2)

Gross Profit Growth Rate (Linear):44.5%

Book Value Growth Rate (Linear):-26.1%

C. Company Profile & Context

Corporate Information (6)

Symbol:GAME

Company Name:GAMESQUARE HOLDINGS, INC.

Sector:Unknown

Industry:Services-Amusement & Recreation Services

Exchange:NASDAQ

Country:United States

Market Classification (3)

Market Cap Category:N/A

Price Category:penny

Volume Category:N/A

Share Structure (3)

Shares Outstanding:94.91M

Shares Outstanding Basic:94.91M

Shares Outstanding Diluted:94.91M

Data Processing Info (3)

Processing Version:v3.0

Last Updated:2026-09-01 05:19:20 UTC

Data Timestamp:2026-08-20T15:10:13.558520