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Richard Sloan from the University of Michigan was first to document what is referred to as the "accrual anomaly". His 1996 paper found that shares of companies with small or negative accruals vastly outperform (+10%) those of companies with large ones.
Brightstar Lottery's Sloan Ratio for the quarter that ended in Jun. 2026 was -18.15%.
Warning Sign:
When sloan ratio (-35.55)% higher than 25% or lower than -25%, earnings are more likely to be made up of accruals.
As of Jun. 2026, Brightstar Lottery has a Sloan Ratio of -18.15%, indicating earnings are more likely to be made up of accruals.
Brightstar Lottery (NYSE:BRSL) Sloan Ratio % Explanation
A former University of Michigan researcher, Richard Sloan's 1996 paper found that shares of companies with small or negative accruals vastly outperform (+10%) those of companies with large ones. In fact, for the 40-year period between 1962 and 2001, buying the lowest accrual companies and shorting the highest accrual companies resulted in an average annual compounded return of 18%, more than double the S&P 500's 7.4% annual return over the same period.
If the Sloan Ratio is between -10% and 10%, the company is in the safe zone and there is no funny business with accruals.
If the Sloan Ratio is less than between -25% and -10% on the negative side, and between 10% and 25% on the positive side, this is a warning stage of accrual build up.
If the Sloan Ratio is less than -25% or greater than 25%, and this ratio is consistent over several quarters or even years, be careful. Earnings are highly likely to be made up of accruals.
As of Jun. 2026, Brightstar Lottery has a Sloan Ratio of -18.15%, indicating earnings are more likely to be made up of accruals.
Brightstar Lottery Sloan Ratio % Related Terms
Brightstar Lottery Sloan Ratio % Historical Data
* Premium members only.
The historical data trend for Brightstar Lottery's Sloan 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.
For the Gambling subindustry, Brightstar Lottery's Sloan Ratio %, along with its competitors' market caps and Sloan 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 Sloan Ratio % vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Brightstar Lottery's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Brightstar Lottery's Sloan Ratio % falls into.
Earnings contain a lot of non cash earnings which is called accruals. The Sloan ratio is a way to identify firms with low non-cash or accrual-derived earnings relative to their cash flow.
Brightstar Lottery's Sloan Ratio for the fiscal year that ended in Dec. 2025 is calculated as
Brightstar Lottery's Net Income for the trailing twelve months (TTM) ended in Jun. 2026 was 117 (Sep. 2025 ) + 61 (Dec. 2025 ) + 37 (Mar. 2026 ) + 33 (Jun. 2026 ) = $248 Mil.
Brightstar Lottery's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 was -486 (Sep. 2025 ) + -187 (Dec. 2025 ) + 165 (Mar. 2026 ) + -1339 (Jun. 2026 ) = $-1,847 Mil.
Brightstar Lottery's Cash Flow from Investing for the trailing twelve months (TTM) ended in Jun. 2026 was 3889 (Sep. 2025 ) + -127 (Dec. 2025 ) + -86 (Mar. 2026 ) + -123 (Jun. 2026 ) = $3,553 Mil.
* 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 (BRSL) has a Sloan Ratio % of -18.15% as of Jun. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Brightstar Lottery and its competitors.
Is Brightstar Lottery's Sloan Ratio % too high?
Brightstar Lottery's current Sloan Ratio % is -18.15%. Overall, Brightstar Lottery has a GF Score™ of 56/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Brightstar Lottery's Sloan Ratio % compare to ACEL and RSI?
Brightstar Lottery's Sloan Ratio % of -18.15% can be compared against companies in the Travel & Leisure industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Sloan Ratio % for a Travel & Leisure company?
A good Sloan Ratio % depends on the Travel & Leisure industry context. However, Sloan Ratio % 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 Sloan Ratio % mean?
A high Sloan Ratio % can signal that a stock is expensive relative to its fundamentals. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Brightstar Lottery and its competitors. Brightstar Lottery's current Sloan Ratio % is -18.15%. 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 $18.26, compared to a current price of $11.69 — trading 36% below its estimated fair value. The current Sloan Ratio % is -18.15%. Brightstar Lottery's overall GF Score™ is 56/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Sloan Ratio % calculated?
Sloan Ratio % is calculated from a company's financial statements. For Brightstar Lottery (BRSL), the current Sloan Ratio % is -18.15% as of Jun. 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 $11.69 is trading 36% below its estimated GF Value™ of $18.26.
GuruFocus considers Brightstar Lottery to be Possible Value Trap.
Key valuation signals for BRSL:
Sloan Ratio %: -18.15%
GF Value™: $18.26 vs. price of $11.69 (36% 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.
56GF Score
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