BRSL (Brightstar Lottery) Cyclically Adjusted PB Ratio: 1.00 (As of Jul. 23, 2026) — 29% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

BRSL Brightstar Lottery PLC BRSL
64 GF Score
Price $10.27
GF Value $18.95
Valuation Possible Value Trap
! 6 Warning Signs
View Full Analysis

What is Brightstar Lottery Cyclically Adjusted PB Ratio?

Brightstar Lottery BRSL -1.63% 64 Cyclically Adjusted PB Ratio is 1.00 as of Jul. 23, 2026, which is 29% below its 10-year median of 1.41. GuruFocus rates BRSL with a GF Score™ of 64/100 and a GF Value™ of $18.95 (Possible Value Trap). The stock has 6 warning signs investors should review. Among 648 Travel & Leisure companies, Brightstar Lottery ranks better than 55.56% on this metric.

As of today (2026-07-23), Brightstar Lottery's current share price is $10.27. Brightstar Lottery's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was $10.25. Brightstar Lottery's Cyclically Adjusted PB Ratio for today is 1.00.

The historical rank and industry rank for Brightstar Lottery's Cyclically Adjusted PB Ratio or its related term are showing as below:

BRSL' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.29   Med: 1.41   Max: 2.47
Current: 1.02

During the past years, Brightstar Lottery's highest Cyclically Adjusted PB Ratio was 2.47. The lowest was 0.29. And the median was 1.41.

BRSL's Cyclically Adjusted PB Ratio is ranked better than
55.56% of 648 companies
in the Travel & Leisure industry
Industry Median: 1.2 vs BRSL: 1.02

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

Brightstar Lottery's adjusted book value per share data for the three months ended in Mar. 2026 was $4.595. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is $10.25 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Brightstar Lottery  (NYSE:BRSL) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


Brightstar Lottery Cyclically Adjusted PB Ratio Related Terms


Brightstar Lottery Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Brightstar Lottery's Cyclically Adjusted PB Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Brightstar Lottery Cyclically Adjusted PB Ratio Chart

Brightstar Lottery Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.05 1.63 2.13 1.50 1.46

Brightstar Lottery Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Cyclically Adjusted PB Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.40 1.40 1.58 1.46 1.24

BRSL vs ACEL, RSI, CDRO: Cyclically Adjusted PB Ratio Comparison

For the Gambling subindustry, Brightstar Lottery's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Brightstar Lottery Cyclically Adjusted PB Ratio vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Brightstar Lottery's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Brightstar Lottery's Cyclically Adjusted PB Ratio falls into.


BRSL
64GF Score
Brightstar Lottery PLC BRSL
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Brightstar Lottery Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

Brightstar Lottery's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=10.27/10.25
=1.00

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Brightstar Lottery's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Brightstar Lottery's adjusted Book Value per Share data for the three months ended in Mar. 2026 was:

Adj_Book=Book Value per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=4.595/140.8000*140.8000
=4.595

Current CPI (Mar. 2026) = 140.8000.

Brightstar Lottery Quarterly Data

Book Value per Share CPI Adj_Book
201606 15.224 101.000 21.223
201609 15.188 101.500 21.069
201612 15.170 102.200 20.900
201703 16.036 102.700 21.985
201706 15.210 103.500 20.691
201709 11.250 104.300 15.187
201712 9.855 105.000 13.215
201803 9.588 105.100 12.845
201806 9.642 105.900 12.820
201809 9.618 106.600 12.704
201812 8.853 107.100 11.639
201903 8.864 107.000 11.664
201906 8.764 107.900 11.436
201909 8.818 108.400 11.454
201912 8.111 108.500 10.526
202003 6.269 108.600 8.128
202006 5.119 108.800 6.625
202009 4.706 109.200 6.068
202012 3.793 109.400 4.882
202103 4.076 109.700 5.232
202106 5.926 111.400 7.490
202109 6.419 112.400 8.041
202112 6.294 114.700 7.726
202203 6.469 116.500 7.818
202206 6.540 120.500 7.642
202209 7.898 122.300 9.093
202212 7.178 125.300 8.066
202303 7.096 126.800 7.879
202306 7.125 129.400 7.753
202309 7.417 130.100 8.027
202312 7.198 130.500 7.766
202403 7.502 131.600 8.026
202406 7.454 133.000 7.891
202409 7.342 133.500 7.743
202412 8.177 135.100 8.522
202503 8.127 136.100 8.408
202506 7.542 138.400 7.673
202509 4.584 138.900 4.647
202512 4.683 139.900 4.713
202603 4.595 140.800 4.595

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

What does a Cyclically Adjusted PB Ratio of 1.00 mean?
Brightstar Lottery (BRSL) has a Cyclically Adjusted PB Ratio of 1.00 as of Jul. 23, 2026. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Brightstar Lottery and its competitors. This is 29% below median its historical median of 1.41. Over the past decade, Brightstar Lottery's Cyclically Adjusted PB Ratio has ranged from 0.29 to 2.47. According to the industry distribution chart, Brightstar Lottery ranks #288 out of 648 companies in the Travel & Leisure industry, placing it in the top 44.4%.
Is Brightstar Lottery's Cyclically Adjusted PB Ratio too high?
Brightstar Lottery's current Cyclically Adjusted PB Ratio of 1.00 is 29% below median its 10-year median of 1.41. Over the past 10 years, this metric has ranged from a low of 0.29 to a high of 2.47. The Travel & Leisure industry median Cyclically Adjusted PB Ratio is 1.20. Brightstar Lottery's value of 1.00 is 16.7% below this industry median. Based on the distribution chart, Brightstar Lottery ranks #288 out of 648 companies in the Travel & Leisure industry, which is above the industry midpoint. Overall, Brightstar Lottery has a GF Score™ of 64/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Brightstar Lottery's Cyclically Adjusted PB Ratio compare to ACEL and RSI?
According to the Travel & Leisure industry distribution chart, Brightstar Lottery ranks #288 out of 648 companies for Cyclically Adjusted PB Ratio. This puts Brightstar Lottery in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.20. Brightstar Lottery's value of 1.00 is 16.7% below this benchmark. Historically, Brightstar Lottery's own Cyclically Adjusted PB Ratio has ranged from 0.29 to 2.47 over the past decade. While the company's 10-year median is 1.41 vs. the industry median of 1.20, Brightstar Lottery has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PB Ratio for a Travel & Leisure company?
The median Cyclically Adjusted PB Ratio among Travel & Leisure companies is 1.20, based on 648 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Brightstar Lottery's current Cyclically Adjusted PB Ratio of 1.00 is 16.7% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PB Ratio mean?
A high Cyclically Adjusted PB Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Brightstar Lottery and its competitors. For the Travel & Leisure industry, the median Cyclically Adjusted PB Ratio is 1.20 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Brightstar Lottery's current Cyclically Adjusted PB Ratio is 1.00, which is 29% below median its own 10-year median of 1.41. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Brightstar Lottery stock overvalued right now?
Based on GuruFocus' analysis, Brightstar Lottery (BRSL) is currently considered Possible Value Trap. The stock's GF Value™ is $18.95, compared to a current price of $10.27 — trading 45.8% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.00, which is 29% below median its 10-year median of 1.41 and 16.7% below the Travel & Leisure industry median of 1.20. Brightstar Lottery's overall GF Score™ is 64/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PB Ratio calculated?
Cyclically Adjusted PB Ratio is calculated from a company's financial statements. For Brightstar Lottery (BRSL), the current Cyclically Adjusted PB Ratio is 1.00 as of Jul. 23, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Brightstar Lottery (BRSL) Overvalued in 2026?

Based on GuruFocus' analysis, Brightstar Lottery stock appears to be undervalued. The current stock price of $10.27 is trading 45.8% below its estimated GF Value™ of $18.95. GuruFocus considers Brightstar Lottery to be Possible Value Trap.

Key valuation signals for BRSL:

  • Cyclically Adjusted PB Ratio: 1.00 (29% below median its 10-year median of 1.41)
  • GF Value™: $18.95 vs. price of $10.27 (45.8% below fair value)
  • GF Score™: 64/100 with 6 warning signs
  • Industry Position: 16.7% below the Travel & Leisure median (#288 of 648)

No single metric tells the full story. See the BRSL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Brightstar Lottery Business Description

Other Exchanges 7IG:Germany
Address 2 and 3 Eldon Street, Fifth Floor, Eldon House, London, GBR, EC2M 7LS
Brightstar Lottery PLC is a pure-play lottery company focused on innovation, delivering secure technology and comprehensive lottery solutions. The Company operates lottery management services and instant lottery systems, and runs an international land-based lottery and iLottery business covering sales, operations, product development, technology, and support, while serving as an iLottery platform provider. Lottery services are delivered through operating contracts, FMCs, LMAs, iLottery, and product sales contracts, including the Italian Lotto license and Italian Scratch and Win (Gratta e Vinci) lottery license. The majority of revenue comes from operating contracts and FMCs. Brightstar operates in the US, Italy, Rest of Europe, and Others, with the majority of revenue coming from the US.
64GF Score

Get the complete analysis for BRSL

Cyclically Adjusted PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$10.27
Price
$18.95
GF Value