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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.
ProFrac Holding's Sloan Ratio for the quarter that ended in Mar. 2026 was -17.51%.
As of Mar. 2026, ProFrac Holding has a Sloan Ratio of -17.51%, indicating there is a warning stage of accrual build up.
ProFrac Holding (NAS:ACDC) 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 Mar. 2026, ProFrac Holding has a Sloan Ratio of -17.51%, indicating there is a warning stage of accrual build up.
ProFrac Holding Sloan Ratio % Related Terms
ProFrac Holding Sloan Ratio % Historical Data
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The historical data trend for ProFrac Holding'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 Oil & Gas Equipment & Services subindustry, ProFrac Holding'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.
ProFrac Holding Sloan Ratio % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, ProFrac Holding's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where ProFrac Holding'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.
ProFrac Holding's Sloan Ratio for the fiscal year that ended in Dec. 2025 is calculated as
ProFrac Holding's Net Income for the trailing twelve months (TTM) ended in Mar. 2026 was -105.9 (Jun. 2025 ) + -100.9 (Sep. 2025 ) + -142.6 (Dec. 2025 ) + -83.5 (Mar. 2026 ) = $-433 Mil.
ProFrac Holding's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was 100.4 (Jun. 2025 ) + 0.9 (Sep. 2025 ) + 49.5 (Dec. 2025 ) + 9.3 (Mar. 2026 ) = $160 Mil.
ProFrac Holding's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2026 was -46.2 (Jun. 2025 ) + -30.1 (Sep. 2025 ) + -35.7 (Dec. 2025 ) + -34.5 (Mar. 2026 ) = $-147 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.
ProFrac Holding (ACDC) has a Sloan Ratio % of -17.51% as of Mar. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on ProFrac Holding and its competitors.
Is ProFrac Holding's Sloan Ratio % too high?
ProFrac Holding's current Sloan Ratio % is -17.51%. Overall, ProFrac Holding has a GF Score™ of 66/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does ProFrac Holding's Sloan Ratio % compare to FLOC and FET?
ProFrac Holding's Sloan Ratio % of -17.51% can be compared against companies in the Oil & Gas 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 an Oil & Gas company?
A good Sloan Ratio % depends on the Oil & Gas 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 ProFrac Holding and its competitors. ProFrac Holding's current Sloan Ratio % is -17.51%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ProFrac Holding stock overvalued right now?
Based on GuruFocus' analysis, ProFrac Holding (ACDC) is currently considered Fairly Valued. The stock's GF Value™ is $4.37, compared to a current price of $4.01 — trading 8.2% below its estimated fair value. The current Sloan Ratio % is -17.51%. ProFrac Holding's overall GF Score™ is 66/100 with 4 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 ProFrac Holding (ACDC), the current Sloan Ratio % is -17.51% 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 ProFrac Holding (ACDC) Overvalued in 2026?
Based on GuruFocus' analysis, ProFrac Holding stock appears to be undervalued.
The current stock price of $4.01 is trading 8.2% below its estimated GF Value™ of $4.37.
GuruFocus considers ProFrac Holding to be Fairly Valued.
Key valuation signals for ACDC:
Sloan Ratio %: -17.51%
GF Value™: $4.37 vs. price of $4.01 (8.2% below fair value)
No single metric tells the full story. See the ACDC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
ProFrac Holding Corp is a technology-focused, vertically integrated energy services company providing hydraulic fracturing, proppant production, completion services, and related products, including distributed power generation, to upstream oil and natural gas companies in the United States. The Company operates through four segments: Stimulation Services, Proppant Production, Manufacturing, and Flotek. The Stimulation Services segment, which generates maximum revenue, provides hydraulic fracturing services using mobile units and auxiliary equipment. The Proppant Production segment supplies proppant, the Manufacturing segment sells engineered products such as pumps, valves, and piping, and Flotek is a chemistry and data technology company serving the E&P industry.
66GF Score
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