Stocktoria

GAP INC GAP

NYSE · stock · Retail-Family Clothing Stores · website · IPO 1976-07-30

GAP INC statistics & valuation

Market cap$7.3B
P / E8.9×
P / S0.5×
P / B1.9×
P / FCF8.8×
Dividend yield3.40%
Net margin5.3%
Return on equity21.5%
FCF margin5.4%
Net cash$1.1B
Net debt / EBITDA-0.7×
Enterprise value USD$6.2B
EV / EBITDA3.8×
Earnings yield EBIT/EV18.1%
Return on capital11.9%
Graham number +7.6%$21.78

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($21.78); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
4.40% 5.30% 6.00% 2.10% -4.80% 1.50% -1.30% 3.40% 5.60% 5.30% 2017201820192020202120222023202420252026
Gross margin (%)
36.30% 38.30% 38.10% 37.40% 34.10% 39.80% 34.30% 38.80% 41.30% 40.80% 2017201820192020202120222023202420252026
Operating margin (%)
7.70% 9.30% 8.20% 3.50% -6.20% 4.90% -0.40% 3.80% 7.40% 7.30% 2017201820192020202120222023202420252026
Return on equity (%)
23.30% 27.00% 28.20% 10.60% -25.40% 9.40% -9.00% 19.30% 25.90% 21.50% 2017201820192020202120222023202420252026
Shares outstanding
400.0M 396.0M 388.0M 378.0M 374.0M 383.0M 367.0M 376.0M 384.0M 384.0M 2017201820192020202120222023202420252026
Net debt ($)
-$470.0M -$534.0M $168.0M -$115.0M $228.0M $607.0M $271.0M -$385.0M -$845.0M -$1.12B 2017201820192020202120222023202420252026
Share buybacks ($)
2017201820192020202120222023202420252026
Return on assets (%)
8.90% 10.60% 12.50% 2.60% -4.80% 2.00% -1.80% 4.50% 7.10% 6.50% 2017201820192020202120222023202420252026
Free cash flow margin (%)
7.70% 4.10% 4.10% 4.30% -1.10% 0.70% -0.50% 7.50% 6.90% 5.40% 2017201820192020202120222023202420252026
Debt / equity (×)
0.45× 0.40× 0.35× 0.38× 0.85× 0.55× 0.67× 0.57× 0.46× 0.39× 2017201820192020202120222023202420252026
EPS ($)
$1.69 $2.14 $2.59 $0.93 -$1.78 $0.67 -$0.55 $1.34 $2.20 $2.13 2017201820192020202120222023202420252026

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

GAP INC trades at about 9.5× earnings — below its 10-year norm (10-year range 9.8×–21.7×, median 14.5×).

9.5× 21.7×

Shaded band = 10-year range (9.8×–21.7×); dot = today's 9.5×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Gross margin40.8%41.3%38.8%34.3%39.8%34.1%37.4%38.1%38.3%36.3%
Operating margin7.3%7.4%3.8%-0.4%4.9%-6.2%3.5%8.2%9.3%7.7%
Net margin5.3%5.6%3.4%-1.3%1.5%-4.8%2.1%6.0%5.3%4.4%
FCF margin5.4%6.9%7.5%-0.5%0.7%-1.1%4.3%4.1%4.1%7.7%
Return on assets6.5%7.1%4.5%-1.8%2.0%-4.8%2.6%12.5%10.6%8.9%
Return on equity21.5%25.9%19.3%-9.0%9.4%-25.4%10.6%28.2%27.0%23.3%
Debt / equity0.39×0.46×0.57×0.67×0.55×0.85×0.38×0.35×0.40×0.45×
Current ratio1.751.601.421.421.271.551.411.961.861.76

Computed from company filings · US · as of 2026-01-31. Facts plus Stocktoria's own computed scores — not investment advice.