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.
Athabasca Oil's Sloan Ratio for the quarter that ended in Mar. 2026 was 2.14%.
As of Mar. 2026, Athabasca Oil has a Sloan Ratio of 2.14%, indicating the company is in the safe zone and there is no funny business with accruals.
Athabasca Oil (OTCPK:ATHOF) 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, Athabasca Oil has a Sloan Ratio of 2.14%, indicating the company is in the safe zone and there is no funny business with accruals.
Athabasca Oil Sloan Ratio % Related Terms
Athabasca Oil Sloan Ratio % Historical Data
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The historical data trend for Athabasca Oil'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 Oil & Gas E&P subindustry, Athabasca Oil'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.
Athabasca Oil Sloan Ratio % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Athabasca Oil's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Athabasca Oil'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.
Athabasca Oil's Sloan Ratio for the fiscal year that ended in Dec. 2025 is calculated as
Athabasca Oil's Net Income for the trailing twelve months (TTM) ended in Mar. 2026 was 41.608 (Jun. 2025 ) + 50.34 (Sep. 2025 ) + 33.777 (Dec. 2025 ) + 33.735 (Mar. 2026 ) = $159 Mil.
Athabasca Oil's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was 74.211 (Jun. 2025 ) + 113.788 (Sep. 2025 ) + 100.224 (Dec. 2025 ) + 74.364 (Mar. 2026 ) = $363 Mil.
Athabasca Oil's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2026 was -37.843 (Jun. 2025 ) + -51.051 (Sep. 2025 ) + -69.206 (Dec. 2025 ) + -86.794 (Mar. 2026 ) = $-245 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.
Athabasca Oil (ATHOF) has a Sloan Ratio % of 2.14% as of Mar. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Athabasca Oil and its competitors.
Is Athabasca Oil's Sloan Ratio % too high?
Athabasca Oil's current Sloan Ratio % is 2.14%. Overall, Athabasca Oil has a GF Score™ of 70/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Athabasca Oil's Sloan Ratio % compare to COP and EOG?
Athabasca Oil's Sloan Ratio % of 2.14% can be compared against companies in the Oil & Gas 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 Oil & Gas company?
A good Sloan Ratio % depends on the Oil & Gas 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 Athabasca Oil and its competitors. Athabasca Oil's current Sloan Ratio % is 2.14%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Athabasca Oil stock overvalued right now?
Based on GuruFocus' analysis, Athabasca Oil (ATHOF) is currently considered Significantly Overvalued. The stock's GF Value™ is $4.56, compared to a current price of $7.39 — trading 62.1% above its estimated fair value. The current Sloan Ratio % is 2.14%. Athabasca Oil's overall GF Score™ is 70/100 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 Athabasca Oil (ATHOF), the current Sloan Ratio % is 2.14% 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 Athabasca Oil (ATHOF) Overvalued in 2026?
Based on GuruFocus' analysis, Athabasca Oil stock appears to be overvalued.
The current stock price of $7.39 is trading 62.1% above its estimated GF Value™ of $4.56.
GuruFocus considers Athabasca Oil to be Significantly Overvalued.
Key valuation signals for ATHOF:
Sloan Ratio %: 2.14%
GF Value™: $4.56 vs. price of $7.39 (62.1% above fair value)
No single metric tells the full story. See the ATHOF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Athabasca Oil Corp is an exploration and production company developing Thermal Oil and Light Oil resources in the Western Canadian Sedimentary Basin located in Alberta, Canada. It operates through two segments: Athabasca (Thermal Oil), focused on bitumen production from oil sands in the Athabasca region of Northern Alberta, and Duvernay Energy, focused on the production of light and medium crude oil, tight oil, natural gas, shale gas, and natural gas liquids in the Greater Kaybob area near Fox Creek, Alberta. The majority of its revenue is derived from petroleum, natural gas, and midstream sales through the Athabasca segment.
70GF Score
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