In calculating the Net Current Asset Value (NCAV), Benjamin Graham means a company's current assets (such as cash, marketable securities, and inventories) minus its total liabilities (including preferred stock, minority interest, and long-term debt).
Brightstar Lottery's net current asset value per share for the quarter that ended in Mar. 2026 was $-31.65.
The historical rank and industry rank for Brightstar Lottery's Net Current Asset Value or its related term are showing as below:
BRSL's Price-to-Net-Current-Asset-Value is not ranked *
in the Travel & Leisure industry.
Industry Median: 4.02 * Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.
Brightstar Lottery (NYSE:BRSL) Net Current Asset Value Explanation
Benjamin Graham first discussed net current asset value (NCAV) in the 1934 edition of "Security Analysis", which he coauthored with David Dodd. In the book, (net) current asset value is defined as:" current assets alone, minus all liabilities and claims ahead of the issue."
The common definition of NCAV is: NCAV = current assets – [total liabilities + minority interest + preferred stock]
Net current assets exclude not only the intangible assets but also the fixed and miscellaneous assets. In addition, Graham believed that preferred stock belongs on the liability side of the balance sheet, not as part of capital and surplus. In "Security Analysis", preferred stock is dubbed "an imperfect creditorship position" that is best placed on the balance sheet alongside funded debt.
One research study, covering the years 1970 through 1983 showed that portfolios picked at the beginning of each year, and held for one year, returned 29.4 percent, on average, over the 13-year period, compared to 11.5 percent for the S&P 500 Index. Other studies of Grahams strategy produced similar results.
Benjamin Graham looked for companies whose market values were less than two-thirds of their Net-Net Working Capital. They are collected under our Net-Net screener.
Brightstar Lottery Net Current Asset Value Related Terms
Brightstar Lottery Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for Brightstar Lottery's Net Current Asset Value 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.
BRSL vs ACEL, RSI, CDRO: Net Current Asset Value Comparison
For the Gambling subindustry, Brightstar Lottery's Price-to-Net-Current-Asset-Value, along with its competitors' market caps and Price-to-Net-Current-Asset-Value 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 Price-to-Net-Current-Asset-Value vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Brightstar Lottery's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Brightstar Lottery's Price-to-Net-Current-Asset-Value falls into.
* 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.
What does a Net Current Asset Value of $-31.65 mean?
Brightstar Lottery (BRSL) has a Net Current Asset Value of $-31.65 as of Mar. 2026. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on Brightstar Lottery and its competitors. According to the industry distribution chart, Brightstar Lottery ranks #999999 out of 308 companies in the Travel & Leisure industry.
Is Brightstar Lottery's Net Current Asset Value too high?
Brightstar Lottery's current Net Current Asset Value is $-31.65. Based on the distribution chart, Brightstar Lottery ranks #999999 out of 308 companies in the Travel & Leisure industry, which is in the bottom quartile relative to peers. Overall, Brightstar Lottery has a GF Score™ of 60/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Brightstar Lottery's Net Current Asset Value compare to ACEL and RSI?
According to the Travel & Leisure industry distribution chart, Brightstar Lottery ranks #999999 out of 308 companies for Net Current Asset Value. This places Brightstar Lottery in the lower half of its industry. The industry median Net Current Asset Value is 4.02. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net Current Asset Value for a Travel & Leisure company?
The median Net Current Asset Value among Travel & Leisure companies is 4.02, based on 308 companies in the industry. Companies in the top quartile (top 25%) have a Net Current Asset Value significantly above this median, while those in the bottom quartile fall well below. However, Net Current Asset Value should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Net Current Asset Value mean?
A high Net Current Asset Value can signal that a stock is expensive relative to its fundamentals. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on Brightstar Lottery and its competitors. For the Travel & Leisure industry, the median Net Current Asset Value is 4.02 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Brightstar Lottery's current Net Current Asset Value is $-31.65. 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 $18.93, compared to a current price of $10.89 — trading 42.5% below its estimated fair value. The current Net Current Asset Value is $-31.65. Brightstar Lottery's overall GF Score™ is 60/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net Current Asset Value calculated?
Net Current Asset Value is calculated from a company's financial statements. For Brightstar Lottery (BRSL), the current Net Current Asset Value is $-31.65 as of Mar. 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 $10.89 is trading 42.5% below its estimated GF Value™ of $18.93.
GuruFocus considers Brightstar Lottery to be Possible Value Trap.
Key valuation signals for BRSL:
Net Current Asset Value: $-31.65
GF Value™: $18.93 vs. price of $10.89 (42.5% below fair value)
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 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.
60GF Score
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