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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.
Evolution Mining's Sloan Ratio for the quarter that ended in Dec. 2025 was 1.63%.
As of Dec. 2025, Evolution Mining has a Sloan Ratio of 1.63%, indicating the company is in the safe zone and there is no funny business with accruals.
Evolution Mining (ASX:EVN) 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, Evolution Mining has a Sloan Ratio of 1.63%, indicating the company is in the safe zone and there is no funny business with accruals.
Evolution Mining Sloan Ratio % Related Terms
Evolution Mining Sloan Ratio % Historical Data
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The historical data trend for Evolution Mining'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 Gold subindustry, Evolution Mining'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.
Evolution Mining Sloan Ratio % vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Evolution Mining's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Evolution Mining'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.
Evolution Mining's Sloan Ratio for the fiscal year that ended in Jun. 2025 is calculated as
For company reported semi-annually, GuruFocus uses latest two semi-annual data as the TTM data.
Evolution Mining's Net Income for the trailing twelve months (TTM) ended in Dec. 2025 was 561.082 (Jun. 2025 ) + 766.567 (Dec. 2025 ) = A$1,328 Mil.
Evolution Mining's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2025 was 1133.693 (Jun. 2025 ) + 1251.299 (Dec. 2025 ) = A$2,385 Mil.
Evolution Mining's Cash Flow from Investing for the trailing twelve months (TTM) ended in Dec. 2025 was -611.297 (Jun. 2025 ) + -609.623 (Dec. 2025 ) = A$-1,221 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.
Evolution Mining (ASX:EVN) has a Sloan Ratio % of 1.63% as of Dec. 2025. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Evolution Mining and its competitors.
Is Evolution Mining's Sloan Ratio % too high?
Evolution Mining's current Sloan Ratio % is 1.63%. Overall, Evolution Mining has a GF Score™ of 88/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Evolution Mining's Sloan Ratio % compare to NEM and AU?
Evolution Mining's Sloan Ratio % of 1.63% 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 Evolution Mining and its competitors. Evolution Mining's current Sloan Ratio % is 1.63%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Evolution Mining stock overvalued right now?
Based on GuruFocus' analysis, Evolution Mining (ASX:EVN) is currently considered Significantly Overvalued. The stock's GF Value™ is A$8.14, compared to a current price of A$11.46 — trading 40.8% above its estimated fair value. The current Sloan Ratio % is 1.63%. Evolution Mining's overall GF Score™ is 88/100 with 1 warning sign 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 Evolution Mining (ASX:EVN), the current Sloan Ratio % is 1.63% 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 Evolution Mining (ASX:EVN) Overvalued in 2026?
Based on GuruFocus' analysis, Evolution Mining stock appears to be overvalued.
The current stock price of A$11.46 is trading 40.8% above its estimated GF Value™ of A$8.14.
GuruFocus considers Evolution Mining to be Significantly Overvalued.
Key valuation signals for ASX:EVN:
Sloan Ratio %: 1.63%
GF Value™: A$8.14 vs. price of A$11.46 (40.8% above fair value)
No single metric tells the full story. See the ASX:EVN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Evolution Mining is an Australia-based gold miner. It sold around 750,000 ounces of gold in fiscal 2025 from six wholly or majority owned mines in Australia and Canada. Formed in 2011 via the merger of Conquest Mining and Catalpa Resources and the purchase of Newcrest Mining's Mt Rawdon and Cracow mines, Evolution has acquired more mines and sold the generally less attractive, higher-cost mines. Cowal and Mungari were purchased in 2015, with an initial interest in Glencore's Ernest Henry mine following in 2016, Red Lake in Canada in 2020, the rest of Ernest Henry in 2022 and an 80% stake in the Northparkes copper and gold mine in December 2023. It had roughly 15 years of gold reserves and two decades of copper reserves at the end of December 2024.
88GF Score
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