NYSE · PEW

GrabAGun Digital Holdings Inc.

Consumer Cyclical · Specialty Retail

$1.990.00% ($0.00)at close

After hours$1.96▼ 1.51%6:04 PM ET

52-week

$1.79$4.79

Market cap

$58.73M

P/E

N/M

EPS (TTM)

-$0.24

Valuation

Earnings power value

Zero-growth earnings power / share · Zero-growth base

$3.82

+92%

+92%vs price used $1.99

USD · Financial years 2023–2025 · 3 years normalized · Price Oct 29, 8:00 PM UTC

Operating earnings have been volatile; review the normalized earnings used.

Price vs. estimate range

Assumption scenarios, not confidence intervals

USD · Financial years 2023–2025 · 3 years normalized · Price Oct 29, 8:00 PM UTC

What is this business worth assuming zero future growth?

Applicable — Volatile

EPV Applicable — Earnings Are Volatile

Earnings swing year to year. The trimmed mean removes outliers, but EPV carries higher uncertainty. Consider it a rough range rather than a precise estimate.

Conservative

$3.73

WACC: 7.3% (+2%)

Base Case

$3.82

WACC: 5.3% · Base sensitivity

Optimistic

$4.01

WACC: 3.3% (−2%)

EPV / Share

$3.82

+91.95% vs price

Price used

$1.99

Valuation reference price

Upside / Downside

+91.95%

Significant discount to EPV

Normalized EBIT

$414.5K

median

WACC

5.3%

CAPM-derived

Implied Growth

—

N/A

Tax Rate

21%

effective rate

EPV / Capital

2.2×

Strong Earnings Premium

10Y FCFF CAGR

—

N/A

FCFF Conversion

—

N/A

About EPV

Earnings Power Value (Greenwald) asks: what is this business worth if it never grows again? It capitalizes normalized after-tax operating earnings at the cost of capital. EPV is best used as a baseline for stable, mature businesses — not as a ceiling or guaranteed floor, since business conditions may change. Compare it to asset value: if EPV significantly exceeds accounting book capital, that gap is consistent with competitive advantage, though a single snapshot cannot confirm how wide or durable it is.

Price vs Fundamentals

Why The Stock Is Moving

Likely multiple compressionModerate confidence

1Y Price: -58.8%Revenue (TTM): 333.05%

What changed

The stock fell 58.8% over the last year. Revenue grew 333.05% over the trailing twelve months. Operating margin moved from -7.9% to -10.13%.

What the market seems to be pricing

Visible fundamentals weakened far less than the stock price. The market appears to be discounting durability, risk, or trust rather than just the latest reported numbers.

What would invalidate this read

This read changes if operating margin (currently -10.13%) continues to decline, or if revenue growth turns negative. The bull case requires the business to hold its current trajectory.

Return analysis

Company profile

GrabAGun Digital Holdings Inc. operates an online retail platform specializing in the sale of firearms, ammunition, and their associated accessories.

CEOMarc Nemati

SectorConsumer Cyclical

IndustrySpecialty Retail

Employees50

IPO dateJan 11, 2024

https://grabagun.com

Market multiples

Forward P/E—

EV/EBITDA (FY2025 year-end)5.52

Enterprise value (FY2025 year-end)-$13.67M

Stock splits

No stock splits recorded for this ticker.

Profitability & growth

Revenue growth (Q2 FY26 YoY)—

Gross margin (FY2025)11.74%▲1.3ppvs FY2024

Operating margin (FY2025)-4.52%▼8.9ppvs FY2024

ROE (TTM to Jun 2026)-13.37%▼8.8ppvs FY2025

Analyst consensus

RatingBuy

Target price$5.00▲151.26%

Buy

Hold

Sell

Analyst ratings tend to be lagging indicators. Use as one signal among many.

Earnings

Actuals vs estimates by quarter, or any quarter against the same one a year earlier.

Next report

Nov 12, 2026

Q3 FY26 · EPS est -$0.09 · Revenue est $22.7M

Same quarter, year over year

FY26 YTD -358.1%

Each cell vs the same quarter a year earlier (the cell below) · Q1–Q2 combined -$0.12 vs $0.05 · 0 of 2 quarters up

FY total

FY26

—

FY25

—

SlowerFaster growth(darkest from 341%)

BeatMissIn lineYear-ago cell

n/m: last year’s figure was zero, a loss or too small to compare against

Q2 FY26

Reported Aug 13, 2026 · Latest

HoverTap a cell to inspect

Actual

-$0.06

Beat by 33.3%

Estimate

-$0.09

Street consensus

Year over year

n/m

vs Q2 FY25 · -$0.00

Vs prior quarter

n/m

vs Q1 FY26 · -$0.06

Price range $2.28-$3.29 · daily closes Apr 1-Jun 30

Institutional Sentiment

GrabAGun Digital Holdings Inc. · PEW

From Form 13F filings (managers with $100M+). Filings land up to 45 days after quarter end — read this as positioning context, not live fund flow.

NYSE · PEW

GrabAGun Digital Holdings Inc.

Consumer Cyclical · Specialty Retail

$1.990.00% ($0.00)at close

After hours$1.96▼ 1.51%6:04 PM ET

52-week

$1.79$4.79

Market cap

$58.73M

P/E

N/M

EPS (TTM)

-$0.24

Valuation

Earnings power value

Zero-growth earnings power / share · Zero-growth base

$3.82

+92%

+92%vs price used $1.99

USD · Financial years 2023–2025 · 3 years normalized · Price Oct 29, 8:00 PM UTC

Operating earnings have been volatile; review the normalized earnings used.

Price vs. estimate range

Assumption scenarios, not confidence intervals

USD · Financial years 2023–2025 · 3 years normalized · Price Oct 29, 8:00 PM UTC

What is this business worth assuming zero future growth?

Applicable — Volatile

EPV Applicable — Earnings Are Volatile

Earnings swing year to year. The trimmed mean removes outliers, but EPV carries higher uncertainty. Consider it a rough range rather than a precise estimate.

Conservative

$3.73

WACC: 7.3% (+2%)

Base Case

$3.82

WACC: 5.3% · Base sensitivity

Optimistic

$4.01

WACC: 3.3% (−2%)

EPV / Share

$3.82

+91.95% vs price

Price used

$1.99

Valuation reference price

Upside / Downside

+91.95%

Significant discount to EPV

Normalized EBIT

$414.5K

median

WACC

5.3%

CAPM-derived

Implied Growth

—

N/A

Tax Rate

21%

effective rate

EPV / Capital

2.2×

Strong Earnings Premium

10Y FCFF CAGR

—

N/A

FCFF Conversion

—

N/A

About EPV

Price vs Fundamentals

Why The Stock Is Moving

Likely multiple compressionModerate confidence

1Y Price: -58.8%Revenue (TTM): 333.05%

What changed

The stock fell 58.8% over the last year. Revenue grew 333.05% over the trailing twelve months. Operating margin moved from -7.9% to -10.13%.

What the market seems to be pricing

Visible fundamentals weakened far less than the stock price. The market appears to be discounting durability, risk, or trust rather than just the latest reported numbers.

What would invalidate this read

This read changes if operating margin (currently -10.13%) continues to decline, or if revenue growth turns negative. The bull case requires the business to hold its current trajectory.

Return analysis

Company profile

GrabAGun Digital Holdings Inc. operates an online retail platform specializing in the sale of firearms, ammunition, and their associated accessories.

CEOMarc Nemati

SectorConsumer Cyclical

IndustrySpecialty Retail

Employees50

IPO dateJan 11, 2024

https://grabagun.com

Market multiples

Forward P/E—

EV/EBITDA (FY2025 year-end)5.52

Enterprise value (FY2025 year-end)-$13.67M

Stock splits

No stock splits recorded for this ticker.

Profitability & growth

Revenue growth (Q2 FY26 YoY)—

Gross margin (FY2025)11.74%▲1.3ppvs FY2024

Operating margin (FY2025)-4.52%▼8.9ppvs FY2024

ROE (TTM to Jun 2026)-13.37%▼8.8ppvs FY2025

Analyst consensus

RatingBuy

Target price$5.00▲151.26%

Buy

Hold

Sell

Analyst ratings tend to be lagging indicators. Use as one signal among many.

Earnings

Actuals vs estimates by quarter, or any quarter against the same one a year earlier.

Next report

Nov 12, 2026

Q3 FY26 · EPS est -$0.09 · Revenue est $22.7M

Same quarter, year over year

FY26 YTD -358.1%

Each cell vs the same quarter a year earlier (the cell below) · Q1–Q2 combined -$0.12 vs $0.05 · 0 of 2 quarters up

FY total

FY26

—

FY25

—

SlowerFaster growth(darkest from 341%)

BeatMissIn lineYear-ago cell

n/m: last year’s figure was zero, a loss or too small to compare against

Q2 FY26

Reported Aug 13, 2026 · Latest

HoverTap a cell to inspect

Actual

-$0.06

Beat by 33.3%

Estimate

-$0.09

Street consensus

Year over year

n/m

vs Q2 FY25 · -$0.00

Vs prior quarter

n/m

vs Q1 FY26 · -$0.06

Price range $2.28-$3.29 · daily closes Apr 1-Jun 30

Institutional Sentiment

GrabAGun Digital Holdings Inc. · PEW

From Form 13F filings (managers with $100M+). Filings land up to 45 days after quarter end — read this as positioning context, not live fund flow.