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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, AMN Healthcare Services has a Sloan Ratio of -30.51%, indicating there is a warning stage of accrual build up.
AMN Healthcare Services (NYSE:AMN) 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, AMN Healthcare Services has a Sloan Ratio of -30.51%, indicating there is a warning stage of accrual build up.
AMN Healthcare Services Sloan Ratio % Related Terms
AMN Healthcare 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.
For the Medical Care Facilities subindustry, AMN Healthcare 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.
AMN Healthcare Services Sloan Ratio % vs Healthcare Providers & Services Industry
For the Healthcare Providers & Services industry and Healthcare sector, AMN Healthcare Services's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where AMN Healthcare Services'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.
AMN Healthcare Services's Sloan Ratio for the fiscal year that ended in Dec. 2025 is calculated as
AMN Healthcare Services's Net Income for the trailing twelve months (TTM) ended in Mar. 2026 was -116.202 (Jun. 2025 ) + 29.288 (Sep. 2025 ) + -7.696 (Dec. 2025 ) + 62.166 (Mar. 2026 ) = $-32 Mil.
AMN Healthcare Services's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was 78.548 (Jun. 2025 ) + 22.666 (Sep. 2025 ) + 75.572 (Dec. 2025 ) + 562.452 (Mar. 2026 ) = $739 Mil.
AMN Healthcare Services's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2026 was -20.591 (Jun. 2025 ) + 58.992 (Sep. 2025 ) + -8.053 (Dec. 2025 ) + -7.504 (Mar. 2026 ) = $23 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.
AMN Healthcare Services (AMN) has a Sloan Ratio % of -30.51% as of Mar. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on AMN Healthcare Services and its competitors.
Is AMN Healthcare Services' Sloan Ratio % too high?
AMN Healthcare Services' current Sloan Ratio % is -30.51%. Overall, AMN Healthcare Services has a GF Score™ of 63/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does AMN Healthcare Services' Sloan Ratio % compare to PNTG and ARDT?
AMN Healthcare Services' Sloan Ratio % of -30.51% 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 AMN Healthcare Services and its competitors. AMN Healthcare Services's current Sloan Ratio % is -30.51%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is AMN Healthcare Services stock overvalued right now?
Based on GuruFocus' analysis, AMN Healthcare Services (AMN) is currently considered Modestly Overvalued. The stock's GF Value™ is $30.40, compared to a current price of $35.00 — trading 15.1% above its estimated fair value. The current Sloan Ratio % is -30.51%. AMN Healthcare Services' overall GF Score™ is 63/100 with 8 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 AMN Healthcare Services (AMN), the current Sloan Ratio % is -30.51% 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 AMN Healthcare Services (AMN) Overvalued in 2026?
Based on GuruFocus' analysis, AMN Healthcare Services stock appears to be overvalued.
The current stock price of $35.00 is trading 15.1% above its estimated GF Value™ of $30.40.
GuruFocus considers AMN Healthcare Services to be Modestly Overvalued.
Key valuation signals for AMN:
Sloan Ratio %: -30.51%
GF Value™: $30.40 vs. price of $35.00 (15.1% above fair value)
No single metric tells the full story. See the AMN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
AMN Healthcare Services Inc provides healthcare workforce solutions and staffing services in the United States. Its comprehensive suite of talent solutions provides management, staffing, recruitment, language services, technology, predictive and market analytics, and related services to build and manage all or parts of the clients' healthcare workforce needs. Its reportable segments are: Nurse and Allied Solutions, Physician and Leadership Solutions, and Technology and Workforce Solutions. A majority of its revenue is generated from the Nurse and Allied Solutions segment, which includes the company's travel nurse staffing, labor disruption staffing, local staffing, international nurse permanent placement, and allied staffing (including revenue cycle solutions) businesses.
63GF 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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