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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.
As of Mar. 2026, American Shared Hospital Services has a Sloan Ratio of -1.14%, indicating the company is in the safe zone and there is no funny business with accruals.
American Shared Hospital Services (AMEX:AMS) 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, American Shared Hospital Services has a Sloan Ratio of -1.14%, indicating the company is in the safe zone and there is no funny business with accruals.
American Shared Hospital Services Sloan Ratio % Related Terms
American Shared Hospital Services Sloan Ratio % Historical Data
* 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.
American Shared Hospital Services Sloan Ratio % Chart
For the Medical Care Facilities subindustry, American Shared Hospital Services'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.
American Shared Hospital Services Sloan Ratio % vs Healthcare Providers & Services Industry
For the Healthcare Providers & Services industry and Healthcare sector, American Shared Hospital Services's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where American Shared Hospital Services's Sloan Ratio % falls into.
American Shared Hospital Services Sloan Ratio % Calculation
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.
American Shared Hospital Services's Net Income for the trailing twelve months (TTM) ended in Mar. 2026 was -0.28 (Jun. 2025 ) + -0.017 (Sep. 2025 ) + -0.631 (Dec. 2025 ) + -0.612 (Mar. 2026 ) = $-1.54 Mil.
American Shared Hospital Services's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was -0.372 (Jun. 2025 ) + 1.671 (Sep. 2025 ) + -0.704 (Dec. 2025 ) + 2.149 (Mar. 2026 ) = $2.74 Mil.
American Shared Hospital Services's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2026 was -1.901 (Jun. 2025 ) + -3.702 (Sep. 2025 ) + 1.984 (Dec. 2025 ) + -0.041 (Mar. 2026 ) = $-3.66 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.
American Shared Hospital Services (AMS) has a Sloan Ratio % of -1.14% as of Mar. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on American Shared Hospital Services and its competitors.
Is American Shared Hospital Services' Sloan Ratio % too high?
American Shared Hospital Services' current Sloan Ratio % is -1.14%. Overall, American Shared Hospital Services has a GF Score™ of 51/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does American Shared Hospital Services' Sloan Ratio % compare to BMGL and HLYK?
American Shared Hospital Services' Sloan Ratio % of -1.14% can be compared against companies in the Healthcare Providers & Services 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 Healthcare Providers & Services company?
A good Sloan Ratio % depends on the Healthcare Providers & Services 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 American Shared Hospital Services and its competitors. American Shared Hospital Services's current Sloan Ratio % is -1.14%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is American Shared Hospital Services stock overvalued right now?
Based on GuruFocus' analysis, American Shared Hospital Services (AMS) is currently considered Possible Value Trap. The stock's GF Value™ is $3.41, compared to a current price of $1.47 — trading 56.9% below its estimated fair value. The current Sloan Ratio % is -1.14%. American Shared Hospital Services' overall GF Score™ is 51/100 with 7 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 American Shared Hospital Services (AMS), the current Sloan Ratio % is -1.14% 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 American Shared Hospital Services (AMS) Overvalued in 2026?
Based on GuruFocus' analysis, American Shared Hospital Services stock appears to be undervalued.
The current stock price of $1.47 is trading 56.9% below its estimated GF Value™ of $3.41.
GuruFocus considers American Shared Hospital Services to be Possible Value Trap.
Key valuation signals for AMS:
Sloan Ratio %: -1.14%
GF Value™: $3.41 vs. price of $1.47 (56.9% below fair value)
No single metric tells the full story. See the AMS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
American Shared Hospital Services Business Description
American Shared Hospital Services provides stereotactic radiosurgery equipment, Advanced radiation therapy, and related equipment. It currently provides Gamma Knife units to medical centers and stand-alone facilities. Company operates in two segments, the medical equipment leasing segment where a contract exists between the hospital and the Company and the direct patient services segment, where a contract exists between the Company facilities and the individual treated at the facility. The company, along with its subsidiaries, operates through the following operations: Gamma Knife, Advanced Radiation Therapy Equipment and Services, and Proton Beam Radiation Therapy Operations. It generates it's key revenue from the domestic market.
51GF Score
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