# Gap share price today (The Gap, Inc., GAP)

> The Gap, Inc.'s P/E is near the low end of its own history, higher than only 4% of past readings, and its quarterly results are still getting worse. GAP · Consumer Discretionary · Apparel Retail · data as of 3 November 2026. Page: https://www.sectoralpha.in/us/stocks/gap

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## Key numbers

- Business trend: Mixed, from the last 12 quarters
- Price: $21.99 (−3.8% in a year)
- P/E: 6.7× (lower than 96% of the last 4 years)
- Revenue (Aug 2026): $3.7 B (−2.0% on a year ago)
- Profit (Aug 2026): $501 M (+131.9% on a year ago)
- Operating margin: 6.7% (−1.1 points on a year ago)
- ROE: 22%, FY26
- ROIC: 10.1%, against a 9.3% cost of capital: +0.8 points

The main question: the P/E is near the low end of its own history, higher than only 4% of past readings, but results are getting worse. A low multiple can stay low until the quarters turn. ## What is the Gap share price today? The Gap, Inc.'s share price was $21.99 at the close on 3 November 2026. It has been falling for 7 weeks. That is 4.7% below its average price over the last 200 trading days. In the last 52 weeks it traded between $19 and $29, and at that close it sat 29% of the way up from that low. Over the past 13 weeks it has done better than the S&P 500, and it has stayed ahead for 7 weeks in a row. Over the last 10 years the share price moved −3% while the S&P 500 moved +255%, so it is behind the index over that whole period. The chart above shows the 13-week comparison for every week. This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row. ## What dividend does Gap pay? The Gap, Inc. paid $0.68 per share over the last four reported quarters. The most recent declaration was $0.17 for Aug 2026. At today's price of $21.99 that is a yield of 3.09%, based on dividends already paid, not a forecast. ## Which stock lists is Gap on? Gap is not in the Nasdaq 100, the S&P 500 or the Dow Jones 30, and is not on the US tech stocks list. ## Is Gap profitable? The Gap, Inc. earned $501 M of net profit in the Aug 2026 quarter, +131.9% on the same quarter a year earlier. That is the 2nd quarter in a row of profit growth. Full-year FY26 profit was $816 M. Over 4 years profit has grown 33.6% a year on average. That is 13.7% of the quarter's revenue. The same quarter a year earlier earned $216 M. For the full year, FY26 profit was $816 M (−3.3% on the year before). Why profit moved: revenue changed −2.0% on a year earlier and the margin moved −1.1 percentage points. Sales did the work, and the margin was about flat. On average over the last four quarters, profit changed +44.1% and revenue +1.0%. Profit is growing faster than sales: fixed costs are spread over more sales, so each extra dollar of revenue adds more to profit. ## How much revenue does Gap make, and is it growing? The Gap, Inc. reported $3.7 B of revenue in the Aug 2026 quarter, −2.0% on the same quarter a year earlier. Over 4 years it has grown −2.0% a year on average. The last full year, FY26, came in at $15.4 B. The last four reported quarters add to $15.3 B. FY26 revenue was $15.4 B, +1.9% on the year before. Recent pace: the last four quarters grew +1.0% on average, against −2.0% a year over the longer run, so this year is growing faster than its own long-run rate. Is growth speeding up? Revenue over the last 12 months grew +1.1%, against +0.5% a year over the last 8 quarters (stabilising); profit over the last 12 months grew +40.3%, against +27.5% a year (accelerating). ## How much of every $100 of sales does Gap keep? The Gap, Inc.'s operating margin was 6.7% in the Aug 2026 quarter, 1.1 percentage points lower than the same quarter a year ago. Across 5 years it has been between −0.4% and 7.4%. The latest quarter is within that range. Why the margin moved: operating margin changed −1.1 percentage points on the year while gross margin changed +0.2 points. So the drop came mostly from costs below the gross margin, such as staff and overheads, measured against sales. ## Is Gap's profit turning into cash? Over the last 3 years, 199% of The Gap, Inc.'s reported profit came in as cash from its operations, so the profit is backed by cash. In FY26 it brought in $1.3 B of operating cash against $816 M of profit. After $470 M of spending on assets, $823 M was left over as free cash. Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year. Why: the cash figure is clear, but the day counts behind it are not in our data, so we show it without guessing the reason. What to look at next: the main use of cash is spending on assets. The next section checks what that spending is building. ## Where does Gap's cash go? The Gap, Inc. does not report the customer, stock and supplier day counts a cash cycle needs, so this section looks at its spending on assets instead. It spent $1.3 B on assets over the last 3 years. Averaged over those years that is 2.9% of FY26 revenue a year. Nothing is estimated in place of the missing day counts, so no cash-cycle chart is drawn. Spending on assets: $1.3 B over the last 3 years. In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns. ## What is Gap's P/E ratio, and how does it compare with its own history? The Gap, Inc.'s P/E is 6.7×, near the low end of its own history: it has been lower only 4% of the time. Its usual P/E (the middle reading) is 11.8×, over 4 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth. Why the multiple is where it is: over the past year earnings per share moved −3.2% while the price moved −3.8%. Earnings did better than the price, which pulled the multiple down within its own range. Where the price move came from: over 3 years the price moved +16.1% a year; about +221.3% a year came from earnings growth and about −205.2 percentage points from the multiple (the market paying less). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple. In short: the multiple is low against its own past, so the earnings trend underneath matters more than the multiple. ## Is the Gap business getting better or worse? The Gap, Inc.'s business is giving mixed signals. Growth has been steadily positive, but ROCE at 13.1% is below the 15% level needed to call it steady growth. This is based on 12 quarters of 4 measures. Why it matters: when the lines disagree, each line above matters more than any single label. ## How much does Gap earn on its capital? The Gap, Inc. earned a ROE of 22% in FY26. That is up from a low of −9% in FY23. Its return on capital used (ROIC) is 0.8 percentage points above its cost of capital, so growth here adds value, not just size. It comes from a 5.3% net margin and 1.22× asset turnover (sales divided by assets). Why the return is what it is (FY26): a 5.3% net margin × 1.22× asset turnover × 3.32× leverage (assets divided by equity) ≈ 21.5% on equity. The margin does its share; borrowing is a big part of it. The key test, return on capital used minus the cost of capital: 10.1% − 9.3% = +0.8 percentage points. The 9.3% is an estimate of this company's own cost of capital. Read the sign and size of the gap, not the decimals. Positive but thin: it creates value with little room for error. The 10.1% ROIC above is the latest reading, as reported. The yearly chart below shows FY26 at 12.7%, and the quarterly chart works out each 12-month window from the quarterly figures, so the readings differ by date, not by method. ## Does Gap have too much debt? The Gap, Inc. has total debt of $5.7 B against shareholder equity of $4.0 B as of Aug 2026, so its debt is 1.45× its equity. Year by year, that ratio went from 2.30 in FY22 to 1.48 in FY26. Keep that borrowing in mind when reading the returns on this page. ## What is the Gap shareholding pattern? 11.8% of The Gap, Inc.'s tradable shares are in short positions, which are bets that the price will fall, so a large group of traders is betting against it. At normal trading volumes, closing those positions would take about 4.0 days. US companies do not publish a quarter-by-quarter list of owners, so this page uses short interest instead. It is a single reading at one point in time; we do not have its history. Why it is at this level: the figure does not say who holds the short positions or why, so we show the level without guessing the story. ## How far is Gap from balance-sheet trouble? For The Gap, Inc., the Z-score is 2.70. A Z-score above about 3 is safe and below about 1.8 signals danger, so this is in the grey area between the two. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. Why it matters: a Z-score of 2.70 is in the grey area, neither clearly safe nor clearly in trouble. ## How does Gap rank in its industry? 52.6 out of 100, rank 10 of 25 in Apparel Retail, with 85% of the evidence available. The Gap, Inc. scores 52.6 out of 100 against the 25 companies it is compared with in Apparel Retail, ranking 10. The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. The four parts add up to the total exactly: 15.8 + 12 + 16.1 + 8.7 = 52.6. This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector. ## Which companies is Gap compared with? Gap ranks 10 of 25 Apparel Retail companies on the 4-Factor Sector Score, with 52.6 out of 100. 1. [Victoria's Secret & Co.](https://www.sectoralpha.in/us/stocks/vsxy) VSXY · breaking out · Most evidence points up · 85% evidence 69.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 28.3/35 · Revenue 10.3% · Profit 100% · Operating margin change 4.4 points · 95% evidence Capital efficiency 13.3/25 · ROCE 14% · Operating margin 7.8% · 76% evidence Valuation 13.4/20 · P/E 18.6× · PEG 0.78 · 65% evidence Relative strength 14.3/20 · Lead over its industry 44.6% · Lead over S&P 500 45.5% · 1 year 186.7% · 100% evidence · 5 of 12 weeks ahead Exact sum: 28.3 + 13.3 + 13.4 + 14.3 = 69.3 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 2. [Urban Outfitters, Inc.](https://www.sectoralpha.in/us/stocks/urbn) URBN · breaking out · Most evidence points up · 85% evidence 68.6 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 19.8/35 · Revenue 11% · Profit 19.8% · Operating margin change 0 points · 95% evidence Capital efficiency 16.9/25 · ROCE 15.9% · Operating margin 11.6% · 76% evidence Valuation 14.6/20 · P/E 11.2× · PEG 0.44 · 65% evidence Relative strength 17.3/20 · Lead over its industry 11.5% · Lead over S&P 500 12.3% · 1 year 35.7% · 100% evidence · 8 of 12 weeks ahead Exact sum: 19.8 + 16.9 + 14.6 + 17.3 = 68.6 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 3. [Abercrombie & Fitch Co.](https://www.sectoralpha.in/us/stocks/anf) ANF · leader · Most evidence points up · 85% evidence 68.6 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 15.0/35 · Revenue 4.8% · Profit -0.7% · Operating margin change 6 points · 95% evidence Capital efficiency 19.6/25 · ROCE 30.1% · Operating margin 19.9% · 76% evidence Valuation 14.4/20 · P/E 8.3× · PEG 0.79 · 65% evidence Relative strength 19.6/20 · Lead over its industry 41.7% · Lead over S&P 500 42.6% · 1 year 120.1% · 100% evidence · 12 of 12 weeks ahead Exact sum: 15 + 19.6 + 14.4 + 19.6 = 68.6 · What this means: Relative strength against the index is 42.6%, and revenue and profit growth are weak. 4. [Ross Stores, Inc.](https://www.sectoralpha.in/us/stocks/rost) ROST · quiet · Most evidence points up · 85% evidence 67.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 26.4/35 · Revenue 14% · Profit 28.9% · Operating margin change 2.1 points · 95% evidence Capital efficiency 19.8/25 · ROCE 28.1% · Operating margin 13.6% · 76% evidence Valuation 10.9/20 · P/E 30.3× · PEG 0.97 · 65% evidence Relative strength 10.8/20 · Lead over its industry 2.2% · Lead over S&P 500 2.9% · 1 year 43.8% · 100% evidence · 0 of 12 weeks ahead Exact sum: 26.4 + 19.8 + 10.9 + 10.8 = 67.9 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 5. [The Buckle, Inc.](https://www.sectoralpha.in/us/stocks/bke) BKE · breaking out · Evidence leans up · 85% evidence 57.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 15.4/35 · Revenue 6.2% · Profit 9.9% · Operating margin change -1 points · 95% evidence Capital efficiency 21.3/25 · ROCE 32.1% · Operating margin 17.4% · 76% evidence Valuation 10.8/20 · P/E 10× · PEG 1.22 · 65% evidence Relative strength 9.7/20 · Lead over its industry -10.8% · Lead over S&P 500 -10.3% · 1 year -19.4% · 100% evidence · 2 of 12 weeks ahead Exact sum: 15.4 + 21.3 + 10.8 + 9.7 = 57.2 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 6. [The TJX Companies, Inc.](https://www.sectoralpha.in/us/stocks/tjx) TJX · quiet · Evidence leans up · 85% evidence 54.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 20.4/35 · Revenue 7.7% · Profit 22% · Operating margin change -0.3 points · 95% evidence Capital efficiency 19.8/25 · ROCE 31.9% · Operating margin 10.9% · 76% evidence Valuation 9.2/20 · P/E 28.6× · PEG 1.25 · 65% evidence Relative strength 5.4/20 · Lead over its industry -14.2% · Lead over S&P 500 -13.7% · 1 year -4.8% · 100% evidence · 0 of 12 weeks ahead Exact sum: 20.4 + 19.8 + 9.2 + 5.4 = 54.8 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 7. Duluth Holdings Inc. DLTH · turning · Evidence leans up · 67% evidence 54.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 20.3/35 · Revenue -8.6% · Profit n/a · Operating margin change 13 points · 71% evidence Capital efficiency 8.4/25 · ROCE 4.7% · Operating margin 15.5% · 76% evidence Valuation 9.3/20 · P/E 26.3× · PEG n/a · 15% evidence Relative strength 16.8/20 · Lead over its industry 21.3% · Lead over S&P 500 22.4% · 1 year 55.8% · 100% evidence · 4 of 12 weeks ahead Exact sum: 20.3 + 8.4 + 9.3 + 16.8 = 54.8 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 8. [Carter's, Inc.](https://www.sectoralpha.in/us/stocks/cri) CRI · basing · Too little evidence to rank firmly · 58% evidence 53.6 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 23.4/35 · Revenue n/a · Profit n/a · Operating margin change 20.1 points · 45% evidence Capital efficiency 15.8/25 · ROCE 13.1% · Operating margin 23.7% · 76% evidence Valuation 11.0/20 · P/E 7.9× · PEG n/a · 15% evidence Relative strength 3.4/20 · Lead over its industry -16.3% · Lead over S&P 500 -15.9% · 1 year -1.2% · 100% evidence · 0 of 12 weeks ahead Exact sum: 23.4 + 15.8 + 11 + 3.4 = 53.6 · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. 9. [Boot Barn Holdings, Inc.](https://www.sectoralpha.in/us/stocks/boot) BOOT · basing · Evidence leans up · 81% evidence 52.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 19.5/35 · Revenue 17.7% · Profit 24.1% · Operating margin change -1.2 points · 83% evidence Capital efficiency 16.4/25 · ROCE 14.2% · Operating margin 12.8% · 76% evidence Valuation 12.2/20 · P/E 22.2× · PEG 0.9 · 65% evidence Relative strength 4.7/20 · Lead over its industry -23.2% · Lead over S&P 500 -22.8% · 1 year -28.4% · 100% evidence · 0 of 12 weeks ahead Exact sum: 19.5 + 16.4 + 12.2 + 4.7 = 52.8 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 10. The Gap, Inc. this page GAP · breaking out · Evidence leans up · 85% evidence 52.6 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 15.8/35 · Revenue 1.1% · Profit 40.3% · Operating margin change -1.1 points · 95% evidence Capital efficiency 12.0/25 · ROCE 12.7% · Operating margin 6.7% · 76% evidence Valuation 16.1/20 · P/E 5.8× · PEG 0.13 · 65% evidence Relative strength 8.7/20 · Lead over its industry -12.6% · Lead over S&P 500 -12.2% · 1 year -6.3% · 100% evidence · 7 of 12 weeks ahead Exact sum: 15.8 + 12 + 16.1 + 8.7 = 52.6 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 11. Tilly's, Inc. TLYS · breaking out · Evidence leans up · 67% evidence 52.0 out of 100 Growth Capital Valuation Relative
12. [Genesco Inc.](https://www.sectoralpha.in/us/stocks/gco) GCO · quiet · Too little evidence to rank firmly · 58% evidence 49.9 out of 100 Growth Capital Valuation Relative
13. [Burlington Stores, Inc.](https://www.sectoralpha.in/us/stocks/burl) BURL · quiet · Evidence leans down · 85% evidence 49.8 out of 100 Growth Capital Valuation Relative
14. [Caleres, Inc.](https://www.sectoralpha.in/us/stocks/cal) CAL · quiet · Evidence leans down · 85% evidence 49.6 out of 100 Growth Capital Valuation Relative
15. [American Eagle Outfitters, Inc.](https://www.sectoralpha.in/us/stocks/aeo) AEO · breaking out · Evidence leans down · 85% evidence 46.6 out of 100 Growth Capital Valuation Relative
16. [J.Jill, Inc.](https://www.sectoralpha.in/us/stocks/jill) JILL · leader · Evidence leans down · 85% evidence 44.5 out of 100 Growth Capital Valuation Relative
17. [lululemon athletica inc.](https://www.sectoralpha.in/us/stocks/lulu) LULU · basing · Evidence leans down · 85% evidence 43.8 out of 100 Growth Capital Valuation Relative
18. [Citi Trends, Inc.](https://www.sectoralpha.in/us/stocks/ctrn) CTRN · quiet · Evidence leans down · 67% evidence 42.3 out of 100 Growth Capital Valuation Relative
19. a.k.a. Brands Holding Corp. AKA · basing · Evidence leans down · 64% evidence 37.2 out of 100 Growth Capital Valuation Relative
20. [Torrid Holdings Inc.](https://www.sectoralpha.in/us/stocks/curv) CURV · losing its lead · Evidence leans down · 75% evidence 35.8 out of 100 Growth Capital Valuation Relative
21. [Stitch Fix, Inc.](https://www.sectoralpha.in/us/stocks/sfix) SFIX · quiet · Evidence leans down · 64% evidence 35.5 out of 100 Growth Capital Valuation Relative
22. [Lands' End, Inc.](https://www.sectoralpha.in/us/stocks/le) LE · quiet · Most evidence points down · 67% evidence 33.4 out of 100 Growth Capital Valuation Relative
23. [Zumiez Inc.](https://www.sectoralpha.in/us/stocks/zumz) ZUMZ · quiet · Most evidence points down · 67% evidence 32.5 out of 100 Growth Capital Valuation Relative
24. [Shoe Station Group Inc.](https://www.sectoralpha.in/us/stocks/shoe) SHOE · basing · Most evidence points down · 75% evidence 30.6 out of 100 Growth Capital Valuation Relative
25. Rent the Runway, Inc. RENT · Too little evidence to rank firmly · 47% evidence 47.2 out of 100 Growth Capital Valuation Relative

Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led S&P 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led S&P 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [Apparel Retail](https://www.sectoralpha.in/us/sectors/apparel-retail), all 25 compared on one page. ## Which companies are close to Gap in size? Gap is the 6th largest of 21 Apparel Retail companies on Sector Alpha by market value (scores of 3 November 2026). Just above it: Burlington Stores, Inc., lululemon athletica inc. and Victoria's Secret & Co. Just below it: Urban Outfitters, Inc., Abercrombie & Fitch Co. and Boot Barn Holdings, Inc. ### Apparel Retail companies close in size

1. [Burlington Stores, Inc.](https://www.sectoralpha.in/us/stocks/burl) $15.1 billion
2. [lululemon athletica inc.](https://www.sectoralpha.in/us/stocks/lulu) $11.8 billion
3. [Victoria's Secret & Co.](https://www.sectoralpha.in/us/stocks/vsxy) $8 billion
4. The Gap, Inc. $7.7 billion
5. [Urban Outfitters, Inc.](https://www.sectoralpha.in/us/stocks/urbn) $7.4 billion
6. [Abercrombie & Fitch Co.](https://www.sectoralpha.in/us/stocks/anf) $6.7 billion
7. [Boot Barn Holdings, Inc.](https://www.sectoralpha.in/us/stocks/boot) $4 billion

[All 21 Apparel Retail companies, largest first](https://www.sectoralpha.in/us/sectors/apparel-retail#all-companies)

### Companies close in size in other industries

1. [AGCO Corporation](https://www.sectoralpha.in/us/stocks/agco) $7.8 billion · Farm & Heavy Construction Machinery
2. [IES Holdings, Inc.](https://www.sectoralpha.in/us/stocks/iesc) $7.8 billion · Engineering & Construction
3. The Gap, Inc. $7.8 billion
4. [Lamb Weston Holdings, Inc.](https://www.sectoralpha.in/us/stocks/lw) $7.8 billion · Packaged Foods
5. [Dropbox, Inc.](https://www.sectoralpha.in/us/stocks/dbx) $7.7 billion · Software - Infrastructure

## What else do people ask about Gap? ### What were Gap's latest quarterly results? The Gap, Inc. reported revenue of $3.7 B and net profit of $501 M for the Aug 2026 quarter. Revenue fell 2.0% and profit rose 131.9% compared with a year earlier. Earnings per share were $1.38. The operating margin was 6.7%, 1.1 percentage points lower than a year earlier (as of 3 November 2026). ### What is Gap's market cap? The Gap, Inc.'s market capitalisation is $7.7 B at a stock price of $21.99. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 November 2026). ### How is Gap performing? The Gap, Inc.'s share price has been falling for 7 weeks. In its latest quarter, revenue fell 2.0% and profit rose 131.9% compared with a year earlier. Over the past 13 weeks it has done better than the S&P 500, for 7 weeks running (as of 3 November 2026). ### Will Gap's stock price go up? This page does not forecast The Gap, Inc.'s stock price. What it shows instead: the stock price is $21.99, and it has been falling for 7 weeks. Its P/E of 6.7× is higher than 4% of its own last 4 years (as of 3 November 2026). ### Is Gap's profit real cash? Yes, over the last 3 years, 199% of The Gap, Inc.'s reported profit came in as cash from operations. The latest year was lower at 158%, so the trend is worth watching. In FY26, operating cash was $1.3 B against reported profit of $816 M. Most of that cash then goes into building new capacity. These are yearly figures (as of 3 November 2026). ### Where is Gap in its business cycle? The Gap, Inc.'s FY26 operating margin was 7.2%, against a 5-year range of −0.4% to 7.4%: the middle of its own range, neither a peak nor a low. The latest quarter was 6.7%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 3 November 2026). ### What could break the Gap story? The main question: the P/E is near the low end of its own history, higher than only 4% of past readings, but results are getting worse. A low multiple can stay low until the quarters turn. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 3 November 2026). ### Is Gap a stock worth studying right now? What the numbers show: The Gap, Inc.'s P/E is near the low end of its own history, higher than only 4% of past readings, and its quarterly results are still getting worse. The main open question: whether results start to improve. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 3 November 2026). This is research, not advice. We’re not SEBI-registered.