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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.
Affinity Bancshares's Sloan Ratio for the quarter that ended in Mar. 2026 was -0.71%.
As of Mar. 2026, Affinity Bancshares has a Sloan Ratio of -0.71%, indicating the company is in the safe zone and there is no funny business with accruals.
Affinity Bancshares (NAS:AFBI) 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, Affinity Bancshares has a Sloan Ratio of -0.71%, indicating the company is in the safe zone and there is no funny business with accruals.
Affinity Bancshares Sloan Ratio % Related Terms
Affinity Bancshares Sloan Ratio % Historical Data
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The historical data trend for Affinity Bancshares'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.
AFBI vs LSBK, DIMC, CMRB: Sloan Ratio % Comparison
For the Banks - Regional subindustry, Affinity Bancshares'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.
Affinity Bancshares Sloan Ratio % vs Banks Industry
For the Banks industry and Financial Services sector, Affinity Bancshares's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Affinity Bancshares'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.
Affinity Bancshares's Sloan Ratio for the fiscal year that ended in Dec. 2025 is calculated as
Affinity Bancshares's Net Income for the trailing twelve months (TTM) ended in Mar. 2026 was 2.152 (Jun. 2025 ) + 2.217 (Sep. 2025 ) + 2.131 (Dec. 2025 ) + 2.284 (Mar. 2026 ) = $8.78 Mil.
Affinity Bancshares's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was 3.775 (Jun. 2025 ) + 3.687 (Sep. 2025 ) + 2.261 (Dec. 2025 ) + 4.403 (Mar. 2026 ) = $14.13 Mil.
Affinity Bancshares's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2026 was -6.893 (Jun. 2025 ) + 3.398 (Sep. 2025 ) + 12.965 (Dec. 2025 ) + -8.218 (Mar. 2026 ) = $1.25 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.
Affinity Bancshares (AFBI) has a Sloan Ratio % of -0.71% as of Mar. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Affinity Bancshares and its competitors.
Is Affinity Bancshares' Sloan Ratio % too high?
Affinity Bancshares' current Sloan Ratio % is -0.71%. Overall, Affinity Bancshares has a GF Score™ of 64/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Affinity Bancshares' Sloan Ratio % compare to LSBK and DIMC?
Affinity Bancshares' Sloan Ratio % of -0.71% can be compared against companies in the Banks 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 Banks company?
A good Sloan Ratio % depends on the Banks 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 Affinity Bancshares and its competitors. Affinity Bancshares's current Sloan Ratio % is -0.71%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Affinity Bancshares stock overvalued right now?
Based on GuruFocus' analysis, Affinity Bancshares (AFBI) is currently considered Modestly Overvalued. The stock's GF Value™ is $20.45, compared to a current price of $22.95 — trading 12.2% above its estimated fair value. The current Sloan Ratio % is -0.71%. Affinity Bancshares' overall GF Score™ is 64/100 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 Affinity Bancshares (AFBI), the current Sloan Ratio % is -0.71% 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 Affinity Bancshares (AFBI) Overvalued in 2026?
Based on GuruFocus' analysis, Affinity Bancshares stock appears to be overvalued.
The current stock price of $22.95 is trading 12.2% above its estimated GF Value™ of $20.45.
GuruFocus considers Affinity Bancshares to be Modestly Overvalued.
Key valuation signals for AFBI:
Sloan Ratio %: -0.71%
GF Value™: $20.45 vs. price of $22.95 (12.2% above fair value)
No single metric tells the full story. See the AFBI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Affinity Bancshares Inc is a bank holding company. The bank provides a range of financial services, including checking and savings accounts, certificates of deposit, mortgage, commercial and consumer loans, and money transfer services, operating across parts of Georgia and offering specialized lending such as dental practice and indirect automobile loans across the Southeastern United States. Its business mainly involves accepting public deposits and investing them in real estate and commercial loans, as well as mortgage-backed securities. The company also gathers deposits nationwide through its virtual bank, FitnessBank, and uses additional funding sources such as Federal Home Loan Bank borrowings.
64GF Score
Get the complete analysis for AFBI
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