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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.
Aegean Airlines's Sloan Ratio for the quarter that ended in Dec. 2025 was 4.30%.
As of Dec. 2025, Aegean Airlines has a Sloan Ratio of 4.30%, indicating the company is in the safe zone and there is no funny business with accruals.
Aegean Airlines (OTCPK:AGZNF) 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 Dec. 2025, Aegean Airlines has a Sloan Ratio of 4.30%, indicating the company is in the safe zone and there is no funny business with accruals.
Aegean Airlines Sloan Ratio % Related Terms
Aegean Airlines Sloan Ratio % Historical Data
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The historical data trend for Aegean Airlines'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 Airlines subindustry, Aegean Airlines'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.
Aegean Airlines Sloan Ratio % vs Transportation Industry
For the Transportation industry and Industrials sector, Aegean Airlines's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Aegean Airlines'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.
Aegean Airlines's Sloan Ratio for the fiscal year that ended in Dec. 2025 is calculated as
For company reported semi-annually, GuruFocus uses latest two semi-annual data as the TTM data.
Aegean Airlines's Net Income for the trailing twelve months (TTM) ended in Dec. 2025 was 55.204 (Jun. 2025 ) + 117.074 (Dec. 2025 ) = $172 Mil.
Aegean Airlines's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2025 was 292.228 (Jun. 2025 ) + 37.842 (Dec. 2025 ) = $330 Mil.
Aegean Airlines's Cash Flow from Investing for the trailing twelve months (TTM) ended in Dec. 2025 was -70.955 (Jun. 2025 ) + -248.666 (Dec. 2025 ) = $-320 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.
Aegean Airlines (AGZNF) has a Sloan Ratio % of 4.30% as of Dec. 2025. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Aegean Airlines and its competitors.
Is Aegean Airlines' Sloan Ratio % too high?
Aegean Airlines' current Sloan Ratio % is 4.30%. Overall, Aegean Airlines has a GF Score™ of 80/100, reflecting its overall financial health beyond just this single metric.
How does Aegean Airlines' Sloan Ratio % compare to DAL and UAL?
Aegean Airlines' Sloan Ratio % of 4.30% can be compared against companies in the Transportation 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 Transportation company?
A good Sloan Ratio % depends on the Transportation 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 Aegean Airlines and its competitors. Aegean Airlines's current Sloan Ratio % is 4.30%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Aegean Airlines stock overvalued right now?
Aegean Airlines (AGZNF) has a current Sloan Ratio % of 4.30%. The stock's GF Value™ is $16.90, compared to a current price of $14.20 — trading 16% below its estimated fair value. The current Sloan Ratio % is 4.30%. Aegean Airlines' overall GF Score™ is 80/100 with 6 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 Aegean Airlines (AGZNF), the current Sloan Ratio % is 4.30% as of Dec. 2025. 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 Aegean Airlines (AGZNF) Overvalued in 2026?
Based on GuruFocus' analysis, Aegean Airlines stock appears to be undervalued.
The current stock price of $14.20 is trading 16% below its estimated GF Value™ of $16.90.
Key valuation signals for AGZNF:
Sloan Ratio %: 4.30%
GF Value™: $16.90 vs. price of $14.20 (16% below fair value)
No single metric tells the full story. See the AGZNF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Aegean Airlines SA is Greece's airline provider. The company generates revenue from Scheduled flights, Chartered flights, and others. The company generates maximum revenue from Scheduled flights. Additionally, it offers services related to air transportation, technical support, and ground-handling amenities. Approximately half of total passenger traffic derives from routes within Greece.
80GF Score
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Sloan Ratio % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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