Accel Entertainment, Inc. (ACEL) Stock

Accel Entertainment, Inc. (ACEL) is a Communication Services stock trading at $12.08 (as of 2026-08-20), with a market capitalization of $983.23M and a trailing P/E of 17.8. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Accel Entertainment, Inc. operates in the U.S. gaming industry, providing and managing gaming terminals, redemption devices with ATM functionality, and other amusement equipment for use in authorized non-casino locations such as restaurants, bars, and convenience stores. It also operates stand-alone ATMs in gaming and non-gaming settings and serves licensed establishment partners.

Understand Accel Entertainment, Inc.: how it makes money

Accel Entertainment operates distributed gaming in the United States, installing, maintaining, and operating gaming terminals and redemption devices (including ATM functionality) in authorized non-casino locations, and generating revenue primarily from net gaming results and related fees.

The company earns most of its revenue from the recurring performance of its installed gaming terminals, captured in net gaming revenue, with additional revenue tied to redemption devices that include ATM functionality.

Revenue by segment (latest quarter)
IL$0.2B
MT$0.0B
NV$0.0B
LA$0.0B
NE$0.0B
GA$0.0B
Toucan$0.0B
ATM+Other$0.0B

Business quality (Mixed): A distributed gaming operator with a profit model tied to the ongoing results from installed terminals, but with limited disclosure here on key operating efficiency drivers beyond revenue mix and select location and terminal counts.

Valuation: At 22× earnings, ACEL trades 58% below the Entertainment average (53×). Note: one-time items can distort reported P/E.

Bull case

  • Revenue is meaningfully driven by Net Gaming Revenue (0.33B out of 0.4B total revenue), consistent with a recurring, installed-base style model: If installed gaming performance holds up, the core revenue stream should remain the dominant contributor.
  • Geographic footprint includes multiple states, with Illinois as the largest single contributor (Illinois Revenue 0.24B): Even with Illinois concentration, having other operating states (Montana, Nevada, and smaller contributions elsewhere) can diversify part of the revenue base.

Bear case

  • High concentration in Illinois (Illinois Revenue 0.24B): Any adverse change in Illinois operations, authorizations, or customer demand could disproportionately impact results.
  • Operating performance details are limited here, and the provided data does not include a clear per-location operating KPI (e.g., some 'Revenue per Location per Day' fields are shown as 0.0): Without clarity on key unit economics trends, it is harder for investors to assess whether growth is improving efficiency versus relying on volume.
  • Regulatory and authorization dependence is inherent to distributed gaming in authorized non-casino locations: Changes in gaming rules, location permissions, or terminal deployment conditions could affect revenue.
Valuation — source: SEC EDGAR (first-party)
Price$12.08
Market Cap$983.23M
P/E Ratio17.8
EV / EBITDA7.8
Price / Book3.46
Price / Sales0.70
FCF Yield11.6%
DCF Value (model)$14.68
DCF Upside vs Price21.5%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$1.33B
Net Margin3.9%
Revenue Growth (YoY)8.1%
EPS Growth (YoY)45.2%
FCF Growth (YoY)13.4%
Financial Health — source: SEC EDGAR
Altman Z-Score2.70 (grey)
Valuation vs Sector & Industry
Stock P/E17.8
Sector P/E (Communication Services)24.4
Industry P/E (Entertainment)39.5
vs Sector-26.9%
vs Industry-54.9%
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderDARLINGTON PARTNERS CAPITAL MANAGEMENT, LP ($88.35M)
Institutional Holders Tracked10
Company
SectorCommunication Services
IndustryEntertainment
CEOAndrew Harry Rubenstein
Employees1,500
CountryUS
IPO Date2018-02-14

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ACEL earnings history · ACEL institutional & insider holders · ACEL KPIs & operating metrics · ACEL financials · ACEL investor presentations & press releases · ACEL SEC filings · ACEL peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-20.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.