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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.
New Hope's Sloan Ratio for the quarter that ended in Jan. 2026 was -1.90%.
As of Jan. 2026, New Hope has a Sloan Ratio of -1.90%, indicating the company is in the safe zone and there is no funny business with accruals.
New Hope (ASX:NHC) 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, New Hope has a Sloan Ratio of -1.90%, indicating the company is in the safe zone and there is no funny business with accruals.
New Hope Sloan Ratio % Related Terms
New Hope Sloan Ratio % Historical Data
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The historical data trend for New Hope'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 Thermal Coal subindustry, New Hope'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.
New Hope Sloan Ratio % vs Other Energy Sources Industry
For the Other Energy Sources industry and Energy sector, New Hope's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where New Hope'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.
New Hope'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.
New Hope's Net Income for the trailing twelve months (TTM) ended in Jan. 2026 was 99.063 (Jul. 2025 ) + 54.299 (Jan. 2026 ) = A$153 Mil.
New Hope's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jan. 2026 was 253.912 (Jul. 2025 ) + 185.021 (Jan. 2026 ) = A$439 Mil.
New Hope's Cash Flow from Investing for the trailing twelve months (TTM) ended in Jan. 2026 was -155.247 (Jul. 2025 ) + -63.923 (Jan. 2026 ) = A$-219 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.
New Hope (ASX:NHC) has a Sloan Ratio % of -1.90% as of Jan. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on New Hope and its competitors.
Is New Hope's Sloan Ratio % too high?
New Hope's current Sloan Ratio % is -1.90%. Overall, New Hope has a GF Score™ of 67/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does New Hope's Sloan Ratio % compare to competitors?
New Hope's Sloan Ratio % of -1.90% can be compared against companies in the Other Energy Sources 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 an Other Energy Sources company?
A good Sloan Ratio % depends on the Other Energy Sources 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 New Hope and its competitors. New Hope's current Sloan Ratio % is -1.90%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is New Hope stock overvalued right now?
Based on GuruFocus' analysis, New Hope (ASX:NHC) is currently considered Significantly Overvalued. The stock's GF Value™ is A$4.08, compared to a current price of A$5.59 — trading 37% above its estimated fair value. The current Sloan Ratio % is -1.90%. New Hope's overall GF Score™ is 67/100 with 10 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 New Hope (ASX:NHC), the current Sloan Ratio % is -1.90% 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 New Hope (ASX:NHC) Overvalued in 2026?
Based on GuruFocus' analysis, New Hope stock appears to be overvalued.
The current stock price of A$5.59 is trading 37% above its estimated GF Value™ of A$4.08.
GuruFocus considers New Hope to be Significantly Overvalued.
Key valuation signals for ASX:NHC:
Sloan Ratio %: -1.90%
GF Value™: A$4.08 vs. price of A$5.59 (37% above fair value)
No single metric tells the full story. See the ASX:NHC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
New Hope Corporation is an Australian thermal coal miner. It has two operating mines: the 100%-owned New Acland coal mine in Queensland and its 80%-owned Bengalla coal mine in New South Wales. The company should sell around 13 million metric tons of thermal coal annually from fiscal 2028, up from around 10.5 million in fiscal 2025, driven by the construction and ramp up of New Acland Stage 3. The vast majority of New Hope's production is sold into seaborne thermal coal export markets. Reserves at New Acland and Bengalla are sufficient to support multidecade mine lives. New Hope also has significant undeveloped coal resources in Queensland, as well as a 23% holding in the Malabar-Maxwell metallurgical coal mine, which began production in 2023.
67GF Score
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