Lucky Strike Entertainment Corp

LUCK

Lucky Strike Entertainment Corporation operates location-based entertainment venues in North America. The company operates traditional bowling under the AMF and Bowl America brands; and entertainment concept with lounge seating, food and beverage offerings, and customer service for individuals and group events under the Lucky Strike and Bowlero brands.

About the company

Country: United StatesPrice: $3.45Market Cap: $470.3M

Investment snapshot

6%positive consensus

Scored 1d ago

Positive

BUY / PASS

Neutral / negative

1 / 14

NEUTRAL / FAIL

Median fair value

$3.03

-12.2% vs price

Models with upside

2 / 17

Positive margin of safety

Strongest signal

7 of 10 pass — Pabrai, Ackman and Oshaughnessy object

Key risk

No clean pass — all 16 investors flag at least one profitability criterion

Framework analysis

Verdict	Meaning
BUY	Positive purchase signal: the framework's buy requirements are met.
PASS	The company clears the framework's checklist or screen, but the framework does not produce a buy signal. For valuation frameworks this often means margin of safety is missing, insufficient, or unavailable; some screen-only frameworks have no intrinsic-value BUY state.
NEUTRAL	Neither a positive nor negative conclusion. It does not mean to hold an existing position.
FAIL	The company does not clear the framework's requirements.
Ranked	Ranked strategies do not use PASS: selected cohort is BUY, outside the cohort is FAIL, and unranked is NEUTRAL.

Current investor scores use trailing 12-month flows and the latest balance sheet where supported. Multi-year and EPS tests retain annual history; each framework shows its financial basis below. Intrinsic values use annual financials.

Metric	Graham Defensive Value	Buffett Quality Compounder	Lynch GARP	Greenblatt Magic Formula	Piotroski F-Score	Dreman Contrarian Value	Munger Quality Focus	Pabrai Dhandho Framework	Akre Three-Legged Stool	Marks Risk-Aware Value	Ackman Activist Value	Templeton Global Bargain Hunter	Sleep Scale Economies Shared	Asness Systematic Factors	Neff Low-P/E Total Return	Schloss Asset-Value Discipline	O'Shaughnessy Systematic Factor Composite
Verdict	FAIL	FAIL	FAIL	FAIL · Rank #1235 (Top 39.9%)	PASS	FAIL	FAIL	FAIL	FAIL	FAIL	FAIL	FAIL	FAIL	NEUTRAL	FAIL	FAIL	FAIL
Score
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Intrinsic Value (annual)	N/A		N/A		N/A	N/A			N/A	N/A		N/A	N/A	N/A	N/A	N/A	N/A
Margin of Safety	N/A	-618.8%	N/A	+49.0%	N/A	N/A	-13.9%	-94.9%	N/A	N/A	+14.6%	N/A	N/A	N/A	N/A	N/A	N/A
Financial Basis	TTM ended 2026-09-27 · Balance sheet at 2026-09-27 · Annual history · FY 2024 Latest source filing: 2026-11-05 Score computed: 2026-11-14	Annual history · FY 2024 Latest source filing: 2025-08-28 Score computed: 2026-11-14	Annual history · FY 2024 · Balance sheet at 2026-09-27 · TTM ended 2026-09-27 vs 2025-09-28 · TTM ended 2026-09-27 Latest source filing: 2026-11-05 Score computed: 2026-11-14	TTM ended 2026-09-27 Latest source filing: 2026-11-05 Score computed: 2026-11-14	Annual history · FY 2024 Latest source filing: 2025-08-28 Score computed: 2026-11-14	Annual history · FY 2024 · TTM ended 2026-09-27 · Balance sheet at 2026-09-27 · Market data at 2026-11-01 Latest source filing: 2026-11-05 Score computed: 2026-11-14	Qualitative assessment · Annual history · FY 2024 · TTM ended 2026-09-27 · Balance sheet at 2026-09-27 Latest source filing: 2026-11-05 Score computed: 2026-11-14	Qualitative assessment · Annual history · FY 2024 Latest source filing: 2025-08-28 Score computed: 2026-11-14	Annual history · FY 2024 · Qualitative assessment · TTM ended 2026-09-27 · Balance sheet at 2026-09-27 Latest source filing: 2026-11-05 Score computed: 2026-11-14	Annual history · FY 2024 · Qualitative assessment Latest source filing: 2025-08-28 Score computed: 2026-11-14	Annual history · FY 2024 · TTM ended 2026-09-27 · Balance sheet at 2026-09-27 · Market data at 2026-11-01 Latest source filing: 2026-11-05 Score computed: 2026-11-14	Annual history · FY 2024 · Price history 2025-01-01–2026-11-01 · Balance sheet at 2026-09-27 Latest source filing: 2026-11-05 Score computed: 2026-11-14	Annual history · FY 2024 · Qualitative assessment Latest source filing: 2025-08-28 Score computed: 2026-11-14	TTM ended 2026-09-27 · Balance sheet at 2026-09-27 · Price history 2025-01-01–2026-11-01 · Annual history · FY 2024 Latest source filing: 2026-11-05 Score computed: 2026-11-14	Annual history · FY 2024 · TTM ended 2026-09-27 Latest source filing: 2026-11-05 Score computed: 2026-11-14	Annual history · FY 2024 · Balance sheet at 2026-09-27 Latest source filing: 2026-11-05 Score computed: 2026-11-14	TTM ended 2026-09-27 · Annual history · FY 2024 · Price history 2025-01-01–2026-11-01 Latest source filing: 2026-11-05 Score computed: 2026-11-14

Where It Passes

Cash Flow70% pass✓ 9✗ 3▾
7 of 10 pass — Pabrai, Ackman and Oshaughnessy object
Free Cash Flow Proxy$5.8M
✓BuffettPositive and growing
FCF Positive and Growing$18.1M
✓LynchPositive and growing
Operating Cash Flow$177.2M
✓PiotroskiCFO > 0
(CFO / Total Assets) vs ROACFO/Assets=5.61%, ROA=-0.32%
✓PiotroskiCFO/Assets > ROA
Price / (CFO / Shares)2.8x
✓Dreman< 8x
P/E or FCF YieldFCF Yield=7.7%
✗PabraiP/E < 15 or FCF Yield > 10%
FCF Positive3/4 years FCF positive
✓MarksPositive FCF in majority of recent years
(OCF - CapEx) / Market Cap3.7%
✗Ackman>= 4%
Price / FCF per Share13.6x
✓Ackman<= 25
Positive Operating Cash Flow frequency4/4 years positive
✓SleepPositive OCF in >= 70% of available years
Operating Cash Flow - Capital Expenditures$18.1M
✓Neff> $0 (app proxy for a strong fundamental case)
(Operating cash flow - capex) / market capitalization+3.85%; #1832/4519 (top 40.5%)
✗OshaughnessyTop 10% of eligible cross-section

Where It Falls Short

Profitability0% pass✓ 5✗ 30▾
No clean pass — all 16 investors flag at least one profitability criterion
Positive EPS (10 years)1/5 years positive
✗GrahamPositive EPS every year for 10 years
EPS Growth (3-yr avg, 10-yr window)
✗Graham>= 33% growth
Net Income Positive (10+ years)0/5 years positive
✗BuffettPositive every year for 10+ years
ROE (up to 5-year arithmetic mean)
✗Buffett> 15% arithmetic mean (app rule)
Operating Margin (10-yr trend)11.4% (latest)
✓BuffettStable or rising over 10 years
Free Cash Flow Proxy$5.8M
✓BuffettPositive and growing
Earnings Variance (10-yr CoV)
✗BuffettCoV < 0.3
Retained Earnings Effectiveness
✗Buffett$1 retained -> > $1 market value created
Basic earnings-growth PEG (dividends excluded)
✗Lynch< 1.0 (ideally < 0.5)
3-5 Year EPS CAGR
✗Lynch15-30% (Fast Grower); > 0% to pass
ROEN/A (negative equity)
✗Lynch> 15%
EBIT / Enterprise Value6.2%
✗Greenblatt> 10%
Earnings Yield + ROC AssessmentEY=6.2%, ROC=12.5%
✗GreenblattBoth EY > 10% and ROC > 25%
Net Income / Total Assets-0.32%
✗PiotroskiROA > 0
ROA Change YoY-2.68% -> -0.32% (delta: +2.37%)
✓PiotroskiCurrent ROA > Prior ROA
(CFO / Total Assets) vs ROACFO/Assets=5.61%, ROA=-0.32%
✓PiotroskiCFO/Assets > ROA
Gross Margin Change YoY
✗PiotroskiImproved YoY
Pre-Tax Income / Revenue-2.8%
✗Dreman>= 8%
Net Income / Shareholders' Equity
✗Dreman> 12%
Margin of Safety
✗PabraiP/B < 1.5 or P/E < 15
Return on Equity
✗AkreROE > 20% (3-year avg)
Discount to Intrinsic Value
✗Marks>= 20% below intrinsic value
Positive Net Income Frequency0/4 years positive
✗MarksPositive net income in >= 7 of last 10 years
Operating Income / Revenue10.9%
✗Ackman>= 15%
Net Income / Shareholders Equity
✗Ackman>= 15%
5-Year EPS CAGR
✗Templeton> 0% (5-year EPS CAGR)
Operating Margin Trend12.8% (2022) -> 11.4% (2024)
✗TempletonNon-negative operating-margin trend over 3 years
Revenue growth vs. gross and operating margin trendrevenue up, operating margin 12.8% -> 11.4%
✗SleepRevenue rising; gross margin flat or falling; operating margin holding
Net income / market capitalization-10.13%; #4186/6340 (top 66.0%)
✗AsnessTop 30% of eligible cross-section✗OshaughnessyTop 10% of eligible cross-section
Gross profit / total assets
✗AsnessTop 30% of eligible cross-section
Net income / positive book equity
✗AsnessTop 30% of eligible cross-section
Negative 5-year standard deviation of ROA-0.0255; #1712/5884 (top 29.1%)
✓AsnessTop 30% of eligible cross-section
3-5 Year Diluted EPS CAGR
✗Neff7%-20% annualized
Positive Diluted-EPS Years
✗Schloss>= 70% positive over 5-10 observed years (app rule)
Debt & Leverage0% pass✗ 15▾
All 12 investors flag LUCK's debt & leverage
LT Debt vs Net Current AssetsLT Debt $1.8B vs NCA $-101.4M
✗GrahamLT Debt <= Net Current Assets
Debt/Equity & Interest CoverageD/E: N/A (negative equity), IC: 0.8x
✗BuffettD/E < 0.5 AND Interest Coverage > 5x
Total Debt / EquityN/A (negative equity)
✗Lynch< 0.33
Cash - Long-term Debt$-1.7B
✗LynchPositive preferred
LT Debt / Total Assets Change36.27% -> 41.17%
✗PiotroskiDecreased YoY
Current Assets / Current Liabilities0.50
✗Dreman> 1.5✗SchlossCurrent ratio >= 1.50x (app cutoff)
Total Debt / Shareholders' Equity
✗Dreman< 0.8✗Templeton< 1.0 (fixed cap; proxy for below-sector-median leverage)✗SchlossD/E < 1.00x
Debt LevelsN/A (non-positive equity)
✗MungerDebt/Equity < 0.5✗AkreDebt/Equity < 0.3
Interest Coverage & Debt/EBITDAIC=0.8x, D/EBITDA=4.5x
✗MarksInterest Coverage > 3x; Debt/EBITDA < 4x
Total Debt / Shareholders Equity
✗Ackman<= 1.0
Negative debt-to-equity (higher means less debt)
✗AsnessTop 30% of eligible cross-section
Growth0% pass✓ 2✗ 11▾
No clean pass — all 8 investors flag at least one growth criterion
EPS Growth (3-yr avg, 10-yr window)
✗Graham>= 33% growth
Basic earnings-growth PEG (dividends excluded)
✗Lynch< 1.0 (ideally < 0.5)
3-5 Year EPS CAGR
✗Lynch15-30% (Fast Grower); > 0% to pass
Inventory Growth vs Revenue GrowthInv: 0.7% vs Rev: 1.8%
✓LynchInventory growth < Revenue growth
EPS Growth Direction
✗DremanPositive over recent years
EPS CAGR
✗Dreman> 5% annualized
Positive Net Income Frequency0/4 years positive
✗MarksPositive net income in >= 7 of last 10 years
3yr Median Revenue Growth26.6%
✓Ackman>= 5%
Positive EPS Growth Frequency
✗AckmanPositive EPS growth in >= 3 of last 5 years
5-Year EPS CAGR
✗Templeton> 0% (5-year EPS CAGR)
Revenue growth vs. gross and operating margin trendrevenue up, operating margin 12.8% -> 11.4%
✗SleepRevenue rising; gross margin flat or falling; operating margin holding
5-year Revenue CAGR
✗SleepCAGR > 7%
3-5 Year Diluted EPS CAGR
✗Neff7%-20% annualized
Efficiency0% pass✓ 1✗ 10▾
No clean pass — all 8 investors flag at least one efficiency criterion
Current Ratio0.50
✗Graham>= 2.0
ROIC (3-5 yr avg)6.2%
✗Buffett> 10%
ROIC - WACC-3.8%
✗BuffettPositive (WACC = 10%)
EBIT / (NWC + Net Fixed Assets)12.5%
✗Greenblatt> 25%
Current Ratio Change YoY0.62 -> 0.58
✗PiotroskiIncreased YoY
Revenue / Total Assets Change YoY0.37x -> 0.38x
✓PiotroskiImproved YoY
Current Assets / Current Liabilities0.50
✗Dreman> 1.5
Return on Invested Capital8.0%
✗Munger> 15%
ROIC (high and growing)FY2022: ROIC=10.8%; FY2023: ROIC=7.5%; FY2024: ROIC=10.7%
✗AkreLatest 3 consecutive FYs: ROIC > 15% in each
Reinvestment Rate x ROICN/A (non-positive net income)
✗AkreReinvestment Rate * ROIC > 10%
ROIC (5-year)0/4 years above 12% (latest 10.7%)
✗SleepROIC > 12% in a majority of years
Verdicts6% pass✓ 1✗ 15▾
Split decision: 14 FAIL · 1 PASS · 1 NEUTRAL
Overall verdict
✗GrahamFAIL (1/9)✗BuffettFAIL (2/9)✗LynchFAIL (2/7)✗GreenblattRank #1235✓PiotroskiPASS (F-Score 5)✗DremanFAIL (2/11)✗MungerFAIL (1/4)✗PabraiFAIL (0/3)✗AkreFAIL (1/6)✗MarksFAIL (1/5)✗AckmanFAIL (2/9)✗TempletonFAIL (2/8)✗SleepFAIL (2/6)•AsnessNEUTRAL (Not ranked)✗NeffFAIL (3/6)✗SchlossFAIL (0/7)✗OshaughnessyFAIL (Rank #493/963 (Top 51.2%))
Valuation8% pass✓ 3✗ 25▾
12 of 13 flag LUCK's valuation — Graham, Lynch, Greenblatt +9 more
Price / 3-yr avg EPS
✗Graham<= 15x
Price-to-Book Ratio
✗Graham<= 1.5x
P/E x P/B
✗Graham<= 22.5
Basic earnings-growth PEG (dividends excluded)
✗Lynch< 1.0 (ideally < 0.5)
EBIT / Enterprise Value6.2%
✗Greenblatt> 10%
Earnings Yield + ROC AssessmentEY=6.2%, ROC=12.5%
✗GreenblattBoth EY > 10% and ROC > 25%
Price / EPS
✗Dreman< 12x✗Templeton< 12x (fixed ceiling; proxy for the market's cheapest 40%)
Price / (CFO / Shares)2.8x
✓Dreman< 8x
Price / Book Value per ShareN/A (negative BVPS)
✗Dreman< 1.2x✗Templeton< 1.5x✗SchlossP/B <= 0.80x (app cutoff)
Valuation ReasonablenessOE Yield=1.2%
✗MungerP/E < 25 or Owner Earnings Yield > 5%
P/E or FCF YieldFCF Yield=7.7%
✗PabraiP/E < 15 or FCF Yield > 10%
P/B or P/E vs. Historical Average
✗MarksP/E < 15 or P/B < 2.0
Discount to Intrinsic Value
✗Marks>= 20% below intrinsic value
Price / FCF per Share13.6x
✓Ackman<= 25
Price vs. Trailing Low100% of trailing low ($3.45)
✓Templeton<= 120% of trailing low (certified split-adjusted live window)
Net income / market capitalization-10.13%; #4186/6340 (top 66.0%)
✗AsnessTop 30% of eligible cross-section✗OshaughnessyTop 10% of eligible cross-section
Positive book equity / market capitalization-0.9218; #6032/6449 (top 93.5%)
✗AsnessTop 30% of eligible cross-section
Price / Diluted EPS
✗NeffP/E <= 15x (app proxy for a P/E 40%-60% below the market)
(EPS CAGR % + Dividend Yield %) / P/E
✗Neff> 0.7 (Neff's published traditional edge)
Price / Tangible Book Value per ShareN/A (non-positive TBVPS)
✗SchlossP/TBV <= 1.00x (app cutoff)
Book Value per Share Change
✗SchlossLatest BVPS >= earliest BVPS over >= 3 years (app rule)
Revenue / market capitalization+2.6698; #885/5247 (top 16.9%)
✗OshaughnessyTop 10% of eligible cross-section
(Operating cash flow - capex) / market capitalization+3.85%; #1832/4519 (top 40.5%)
✗OshaughnessyTop 10% of eligible cross-section
Trailing six-month price return through the evaluation date-59.41%; #5381/6202 (top 86.8%)
✗OshaughnessyTop 10% of eligible cross-section
Valuation models40% pass✓ 2✗ 3▾
Models split on LUCK at $3.45 — fair values range $0.48–$6.77
Buffett fair value$0.48
✗Buffett-618.8% margin vs $3.45
Greenblatt fair value$6.77
✓Greenblatt+49.0% margin vs $3.45
Munger fair value$3.03
✗Munger-13.9% margin vs $3.45
Pabrai fair value$1.77
✗Pabrai-94.9% margin vs $3.45
Ackman fair value$4.04
✓Ackman+14.6% margin vs $3.45

Business & financials

Financial snapshot: annual FY 2024. Current investor scores may use newer quarterly data.

Company Profile

Industry: Entertainment

SIC Sector: Amusement & Recreation

Size: Small Cap($470.3M)

Revenue: $1.2B+4.0% YoY

Net Income: $10.0M+88.0% YoY

Financial Snapshot

Operating Margin11.4%

Return on Equity3.4%

Debt / Equity-4.39

Current Ratio0.58

EPS (Diluted)$-0.13

Buybacks (1y)$72.1M

Buybacks (2y)$326.4M

Shares Retired5.9% / 8.6% 2y

Similar Companies

DISWalt Disney Co

$205.4B

MSGSMadison Square Garden Sports Corp.

$9.3B

CHDNChurchill Downs Inc

$6.8B

MTNVAIL RESORTS INC

$5.5B

Shareholder Return

Fiscal 2024

Retired 5.9% of shares last year, 8.6% over two.

Buybacks: $72.1M
Dividends: $33.5M

Company Financials

Latest TTM and quarters alongside annual years

TTM sums four consecutive quarters and uses the latest quarter-end balances. Quarter columns show three-month results; annual columns show full-year totals. Growth compares the same period a year earlier. EPS is not added for TTM; full-year ratios are blank for quarters.

The latest annual period end is unavailable. Showing the latest fiscal cycle’s quarters; quarter and annual columns may overlap. Quarterly shows the full quarter history.

Metric	TTM · 2026-09-27 2025-09-29 – 2026-09-27 Sources · derived quarter values 10-Q · 2026-02-04 10-Q · 2026-05-06 10-K · 2026-08-27 10-Q · 2026-11-05 Derived from cumulative filings: operating cash flow, capex, buybacks, revenue, net income, operating income, ebit, pre tax income, depreciation amortization.	Q1 FY 2027 2026-06-29 – 2026-09-27 Sources 10-Q · 2026-11-05	FY 2024 Sources 10-K · 2025-08-28	FY 2023 Sources 10-K · 2023-09-11	FY 2022 Sources 10-K · 2022-09-15	FY 2020 Sources 10-K · 2022-09-15	FY 2019 Sources 10-K · 2022-09-15
Market Cap	$470.3Mcurrent	--	$1.5Best.	$1.6Best.	$2.0Best.	$1.4Best.	--
Revenue	$1.3B↑2%	$302.6M↑4%	$1.2B↑4%	$1.2B↑27%	$911.7M	$395.2M	--
Operating Income	$136.8M↓10%	$28.2M	$137.2M↑50%	$91.6M↓21%	$116.6M	-$38.6M	--
Net Income	-$47.7M↓2%	-$25.7M↓86%	-$10.0M↑88%	-$83.6M↓179%	-$29.9M	-$126.5M	--
EPS (Diluted)	--	$-0.21↓75%	$-0.13↓143%	$0.30↑215%	$-0.26	$-0.92	--
Gross Margin	—	—	—	27.2%↓18%	33.1%	5.3%	—
Operating Margin	10.9%↓12%	9.3%↓3%	11.4%↑44%	7.9%↓38%	12.8%	-9.8%	—
ROE	11.0%↓24%	—	3.4%↓93%	47.2%↓78%	218.8%	45.8%	—
Total Debt	$1.8B↑6%	$1.8B↑6%	$1.3B↑15%	$1.1B↑31%	$870.1M	$870.5M	--
Shareholders' Equity	-$433.5M↓33%	-$433.5M↓33%	-$298.7M↓68%	-$177.3M↓1196%	-$13.7M	-$275.9M↓284%	$150.1M
Current Ratio	0.50↑7%	0.50↑7%	0.58↓7%	0.62↓56%	1.42	1.93	—
Debt / Equity	-4.13↑20%	-4.13↑20%	-4.39↑32%	-6.42↑90%	-63.59	-3.16	—
Operating Cash Flow	$127.4M↓10%	$17.1M↑367%	$177.2M↑14%	$154.8M↓13%	$177.7M	$58.2M	--
Free Cash Flow	$18.1M↑13%	-$4.4M↑86%	$36.2M↑192%	-$39.5M↓358%	$15.3M	$15.1M	--

Score history

Historical Score Timeline

Industry peers

Industry Peers

Similar companies in Entertainment

LUCK vs Peers — Financial Grading

Revenue$1.2BMedian

Net Income$10.0MMedian

ROE3.4%Median

D/E-4.39Top 25%

Op. Margin11.4%Median

Curr. Ratio0.58Median

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Walt Disney CoDIS	$205.4B	$118.97	$94.4B	$12.4B	11.3%	0.38	18.6%	0.71	1/9	2/9	4/7	1/3	F-Score 7	4/11
Madison Square Garden Sports Corp.MSGS	$9.3B	$314.46	$1.0B	$22.4M	8.0%	-1.03	1.4%	0.45	1/9	3/9	1/7	0/3	F-Score 5	1/11
Churchill Downs IncCHDN	$6.8B	$99.72	$2.9B	$383.0M	37.9%	5.08	23.4%	0.60	1/9	3/9	2/7	1/3	F-Score 6	3/11
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Atlanta Braves Holdings, Inc.BATRA	$3.7B	$56.66	$732.5M	$23.4M	-4.4%	1.40	-1.8%	0.42	1/9	1/9	1/7	0/3	F-Score 5	1/11
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