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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.
Avalon Holdings's Sloan Ratio for the quarter that ended in Jun. 2026 was -0.09%.
As of Jun. 2026, Avalon Holdings has a Sloan Ratio of -0.09%, indicating the company is in the safe zone and there is no funny business with accruals.
Avalon Holdings (AMEX:AWX) 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 Jun. 2026, Avalon Holdings has a Sloan Ratio of -0.09%, indicating the company is in the safe zone and there is no funny business with accruals.
Avalon Holdings Sloan Ratio % Related Terms
Avalon Holdings Sloan Ratio % Historical Data
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The historical data trend for Avalon Holdings'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 Waste Management subindustry, Avalon Holdings'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.
Avalon Holdings Sloan Ratio % vs Waste Management Industry
For the Waste Management industry and Industrials sector, Avalon Holdings's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Avalon Holdings'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.
Avalon Holdings's Sloan Ratio for the fiscal year that ended in Dec. 2025 is calculated as
Avalon Holdings's Net Income for the trailing twelve months (TTM) ended in Jun. 2026 was 1.902 (Sep. 2025 ) + -0.356 (Dec. 2025 ) + -1.235 (Mar. 2026 ) + 0.884 (Jun. 2026 ) = $1.20 Mil.
Avalon Holdings's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 was 1.453 (Sep. 2025 ) + 0.278 (Dec. 2025 ) + -1.258 (Mar. 2026 ) + 3.011 (Jun. 2026 ) = $3.48 Mil.
Avalon Holdings's Cash Flow from Investing for the trailing twelve months (TTM) ended in Jun. 2026 was -0.601 (Sep. 2025 ) + -0.444 (Dec. 2025 ) + -0.525 (Mar. 2026 ) + -0.64 (Jun. 2026 ) = $-2.21 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.
Avalon Holdings (AWX) has a Sloan Ratio % of -0.09% as of Jun. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Avalon Holdings and its competitors.
Is Avalon Holdings' Sloan Ratio % too high?
Avalon Holdings' current Sloan Ratio % is -0.09%. Overall, Avalon Holdings has a GF Score™ of 71/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Avalon Holdings' Sloan Ratio % compare to AQMS and OCLN?
Avalon Holdings' Sloan Ratio % of -0.09% can be compared against companies in the Waste Management 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 Waste Management company?
A good Sloan Ratio % depends on the Waste Management 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 Avalon Holdings and its competitors. Avalon Holdings's current Sloan Ratio % is -0.09%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Avalon Holdings stock overvalued right now?
Based on GuruFocus' analysis, Avalon Holdings (AWX) is currently considered Fairly Valued. The stock's GF Value™ is $2.61, compared to a current price of $2.78 — trading 6.5% above its estimated fair value. The current Sloan Ratio % is -0.09%. Avalon Holdings' overall GF Score™ is 71/100 with 2 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 Avalon Holdings (AWX), the current Sloan Ratio % is -0.09% as of Jun. 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 Avalon Holdings (AWX) Overvalued in 2026?
Based on GuruFocus' analysis, Avalon Holdings stock appears to be overvalued.
The current stock price of $2.78 is trading 6.5% above its estimated GF Value™ of $2.61.
GuruFocus considers Avalon Holdings to be Fairly Valued.
Key valuation signals for AWX:
Sloan Ratio %: -0.09%
GF Value™: $2.61 vs. price of $2.78 (6.5% above fair value)
No single metric tells the full story. See the AWX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Avalon Holdings Corp is a waste management company. The company provides waste management services to industrial, commercial, municipal, and governmental customers in selected northeastern and midwestern U.S. markets. The company has two operating segments. The Waste management services segment, which is the key revenue driver, provides hazardous and non-hazardous brokerage and management services to industrial, commercial, municipal, and governmental customers, captive landfill management for an industrial customer, and saltwater injection well operations. Its Golf and related operations segment consists of four golf courses and associated clubhouses, which provide dining and banquet facilities, a hotel which provides lodging and resort-related amenities.
71GF Score
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