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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.
KMD Brands's Sloan Ratio for the quarter that ended in Jan. 2026 was -12.97%.
As of Jan. 2026, KMD Brands has a Sloan Ratio of -12.97%, indicating there is a warning stage of accrual build up.
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, KMD Brands has a Sloan Ratio of -12.97%, indicating there is a warning stage of accrual build up.
KMD Brands Sloan Ratio % Related Terms
KMD Brands Sloan Ratio % Historical Data
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The historical data trend for KMD Brands'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.
ASX:KMD vs RL, LEVI, VFC: Sloan Ratio % Comparison
For the Apparel Manufacturing subindustry, KMD Brands'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.
KMD Brands Sloan Ratio % vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, KMD Brands's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where KMD Brands'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.
KMD Brands's Sloan Ratio for the fiscal year that ended in Jul. 2025 is calculated as
For company reported semi-annually, GuruFocus uses latest two semi-annual data as the TTM data.
KMD Brands's Net Income for the trailing twelve months (TTM) ended in Jan. 2026 was -67.395 (Jul. 2025 ) + -11.991 (Jan. 2026 ) = A$-79.4 Mil.
KMD Brands's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jan. 2026 was 73.702 (Jul. 2025 ) + 22.071 (Jan. 2026 ) = A$95.8 Mil.
KMD Brands's Cash Flow from Investing for the trailing twelve months (TTM) ended in Jan. 2026 was -9.523 (Jul. 2025 ) + -11.311 (Jan. 2026 ) = A$-20.8 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.
KMD Brands (ASX:KMD) has a Sloan Ratio % of -12.97% as of Jan. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on KMD Brands and its competitors.
Is KMD Brands' Sloan Ratio % too high?
KMD Brands' current Sloan Ratio % is -12.97%. Overall, KMD Brands has a GF Score™ of 47/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does KMD Brands' Sloan Ratio % compare to RL and LEVI?
KMD Brands' Sloan Ratio % of -12.97% can be compared against companies in the Manufacturing - Apparel & Accessories 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 Manufacturing - Apparel & Accessories company?
A good Sloan Ratio % depends on the Manufacturing - Apparel & Accessories 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 KMD Brands and its competitors. KMD Brands's current Sloan Ratio % is -12.97%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is KMD Brands stock overvalued right now?
Based on GuruFocus' analysis, KMD Brands (ASX:KMD) is currently considered Possible Value Trap. The stock's GF Value™ is A$5.72, compared to a current price of A$1.53 — trading 73.3% below its estimated fair value. The current Sloan Ratio % is -12.97%. KMD Brands' overall GF Score™ is 47/100 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 KMD Brands (ASX:KMD), the current Sloan Ratio % is -12.97% 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 KMD Brands (ASX:KMD) Overvalued in 2026?
Based on GuruFocus' analysis, KMD Brands stock appears to be undervalued.
The current stock price of A$1.53 is trading 73.3% below its estimated GF Value™ of A$5.72.
GuruFocus considers KMD Brands to be Possible Value Trap.
Key valuation signals for ASX:KMD:
Sloan Ratio %: -12.97%
GF Value™: A$5.72 vs. price of A$1.53 (73.3% below fair value)
No single metric tells the full story. See the ASX:KMD stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
KMD Brands Ltd is a designer, marketer, retailer, and wholesaler of apparel, footwear, and equipment for surfing and the outdoors. The company operates through three brands including Kathmandu, which is a designer, retailer, and wholesaler of apparel footwear, and equipment for outdoor travel and adventure; Rip Curl, which is a designer, manufacturer, wholesaler and retailer of surfing equipment and apparel; and Oboz, which is a designer, wholesaler and online retailer of outdoor footwear. The company generates the majority of its revenue from the Kathmandu segment.
47GF Score
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