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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 Jan. 2026, Progressive Planet Solutions has a Sloan Ratio of 13.65%, indicating there is a warning stage of accrual build up.
Progressive Planet Solutions (OTCPK:ASHXF) 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 Jan. 2026, Progressive Planet Solutions has a Sloan Ratio of 13.65%, indicating there is a warning stage of accrual build up.
Progressive Planet Solutions Sloan Ratio % Related Terms
Progressive Planet Solutions 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.
Progressive Planet Solutions Sloan Ratio % Competitor Comparison
For the Other Industrial Metals & Mining subindustry, Progressive Planet Solutions'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.
Progressive Planet Solutions Sloan Ratio % vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Progressive Planet Solutions's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Progressive Planet Solutions's Sloan Ratio % falls into.
Progressive Planet Solutions 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.
Progressive Planet Solutions's Net Income for the trailing twelve months (TTM) ended in Jan. 2026 was 0.399 (Apr. 2025 ) + 1.167 (Jul. 2025 ) + 0.695 (Oct. 2025 ) + -0.778 (Jan. 2026 ) = $1.48 Mil.
Progressive Planet Solutions's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jan. 2026 was 1.031 (Apr. 2025 ) + 0.367 (Jul. 2025 ) + 1.064 (Oct. 2025 ) + 0.097 (Jan. 2026 ) = $2.56 Mil.
Progressive Planet Solutions's Cash Flow from Investing for the trailing twelve months (TTM) ended in Jan. 2026 was -0.419 (Apr. 2025 ) + -0.479 (Jul. 2025 ) + -2.399 (Oct. 2025 ) + -0.515 (Jan. 2026 ) = $-3.81 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.
Progressive Planet Solutions (ASHXF) has a Sloan Ratio % of 13.65% as of Jan. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Progressive Planet Solutions and its competitors.
Is Progressive Planet Solutions' Sloan Ratio % too high?
Progressive Planet Solutions' current Sloan Ratio % is 13.65%. Overall, Progressive Planet Solutions has a GF Score™ of 35/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Progressive Planet Solutions' Sloan Ratio % compare to competitors?
Progressive Planet Solutions' Sloan Ratio % of 13.65% can be compared against companies in the Metals & Mining 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 Metals & Mining company?
A good Sloan Ratio % depends on the Metals & Mining 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 Progressive Planet Solutions and its competitors. Progressive Planet Solutions's current Sloan Ratio % is 13.65%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Progressive Planet Solutions stock overvalued right now?
Based on GuruFocus' analysis, Progressive Planet Solutions (ASHXF) is currently considered Significantly Overvalued. The stock's GF Value™ is $0.15, compared to a current price of $0.24 — trading 56.7% above its estimated fair value. The current Sloan Ratio % is 13.65%. Progressive Planet Solutions' overall GF Score™ is 35/100 with 3 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 Progressive Planet Solutions (ASHXF), the current Sloan Ratio % is 13.65% as of Jan. 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 Progressive Planet Solutions (ASHXF) Overvalued in 2026?
Based on GuruFocus' analysis, Progressive Planet Solutions stock appears to be overvalued.
The current stock price of $0.24 is trading 56.7% above its estimated GF Value™ of $0.15.
GuruFocus considers Progressive Planet Solutions to be Significantly Overvalued.
Key valuation signals for ASHXF:
Sloan Ratio %: 13.65%
GF Value™: $0.15 vs. price of $0.24 (56.7% above fair value)
No single metric tells the full story. See the ASHXF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Progressive Planet Solutions Inc is a manufacturer of mineral-based products derived from diatomaceous earth, zeolite, and bentonite. It owns a diatomaceous earth mine and a bentonite mine both located in Canada, and is also an operator and partial owner of a zeolite mine. Its expertise lies in developing critical low-carbon and carbon sequestering solutions. The company is also engaged in research and development activities to expand its current operations by developing products for the agricultural and supplementary cementing materials markets. Geographically, its products are sold in the United States where it generates maximum revenue, and in Canada.
35GF Score
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