2 models fit Brilliant Earth Group Inc. Class A Common Stock and they agree: 2 of 2 land within 15% of the average. The price is above every model.
Two or more of our models back this value.
Near fair value(i)Silver63
Valued as a mature, profitable company: Discounted cash flow, P/E comparison, and EV/EBITDA comparison.
ACCE opinionBrilliant Earth Group Inc. Class A Common Stock (BRLT)
Fair value (2 models)
$1.40
ACCE price target
$1.45
Rating
Fairly valued
Horizon
12 months
Fair value published on 24 Oct 2026, 17:04 CEST; previously $1.27 since 17 Oct 2026, 00:00 CEST.
ACCE price target published on 15 Oct 2026, 00:00 CEST.
Rating published on 24 Oct 2026, 17:04 CEST.
Price used: $1.51 at the close on 23 Oct 2026, 22:00 CEST.
Models: Discounted cash flow and P/E comparison.
Fair value: the average of the applicable valuation models (discounted cash flow, multiples, residual income, dividend discount, shareholder yield), each run on the latest financial statements and the market price shown. Opinion columns (fair value, target, rating) are shown apart from the data. Full methodology: acceinvestments.com/data/how-we-value-stocks
Conflicts of interest: The author holds no personal position in this security. General statement
Produced by ACCE Investments (acceinvestments.com)
Data
Price vs fair value
8.1% above
-7.5% to fair value
ACCE score
51
out of 100
Analysts
0% buy
5 covering
1-year return
-41.2%
Dividend yield
0.00%
Brilliant Earth Group Inc. Class A Common Stock in four questions
Plain answers, details below
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Overview
ACCE thesis
Brilliant Earth sells engagement rings, wedding bands and fine jewelry online and through a small showroom footprint, with lab-grown and responsibly sourced diamonds a large part of the mix. The structural case rests on a 56.5% gross margin, which is high for a jeweler and reflects the brand's direct-to-consumer model and its growing share of bridal sales. Revenue is growing 5.7%, but operating margin is just 0.4%, so the story depends on whether that gross margin can convert into operating leverage as marketing and overhead scale. At a forward P/E of 10.2 on a $148M market cap, the shares price in little of that recovery, though the negative ROE and absence from any index mean liquidity and sponsorship are thin. The name merits a deeper look mainly to test whether operating margin can move meaningfully above break-even, and the 54/100 score suggests that work is still open.
⚠ Investor warnings · 2 flagsAI-assisted·How I use AI
high
Heavy leverage on thin equity
Debt/Equity of 3.09 against $6M of free cash flow on a $151M market cap leaves little cushion if revenue slows. Net margin is -1.0% and ROE is -10.9%.
moderate
Sequential revenue drop
Revenue fell 20.0% quarter on quarter, even though year-on-year growth is 5.7%. The price trades 4.1% above the ACCE price target of $1.45, which leaves little margin for a further slip.
AI research notes
AI-assisted·How I use AIWritten Oct 21, 2026 · figures from 2026-06-30 · prices to Oct 23, 2026
Why it could do well
Revenue grew 5.7% year over year, and the five-year average growth rate is 11.7% per year.
Free cash flow over the last twelve months was $6M, and the price implies a 3.8% free cash flow yield.
At a forward P/E of 10.2x against a sector median of 17.9x, the shares look cheap relative to peers.
Why it could disappoint
The company is loss-making, with a net margin of -1.0% and return on equity of -10.9%.
Debt to equity stands at 3.09, a heavy debt load for a business that is not yet profitable.
The shares trade 8.1% above the model fair value of $1.40, and only 0% of 5 analysts rate them Buy or Strong Buy.
Each chip shows the exact figure and where it comes from. A claim without a source is not published.
Next results
Nov 5, 2026
We update the fair value about 2 days after the results, once the new figures are filed.Add to calendarGoogle
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Valuation
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Where BRLT's valuation models land
Price
$1.51
Model fair value
$1.40
Model range
$1.29 to $1.50
Fair value $1.40
Price $1.51
The price is above the whole model range.
Model
Fair value
Upside
Discounted cash flow
EV/EBITDA comparison
P/E comparison
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Quality
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