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.
Saul Centers's Sloan Ratio for the quarter that ended in Mar. 2026 was 0.76%.
As of Mar. 2026, Saul Centers has a Sloan Ratio of 0.76%, indicating the company is in the safe zone and there is no funny business with accruals.
Saul Centers (NYSE:BFS) 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, Saul Centers has a Sloan Ratio of 0.76%, indicating the company is in the safe zone and there is no funny business with accruals.
Saul Centers Sloan Ratio % Related Terms
Saul Centers Sloan Ratio % Historical Data
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The historical data trend for Saul Centers'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 REIT - Retail subindustry, Saul Centers'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.
Saul Centers Sloan Ratio % vs REITs Industry
For the REITs industry and Real Estate sector, Saul Centers's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Saul Centers'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.
Saul Centers's Sloan Ratio for the fiscal year that ended in Dec. 2025 is calculated as
Saul Centers's Net Income for the trailing twelve months (TTM) ended in Mar. 2026 was 10.72 (Jun. 2025 ) + 10.489 (Sep. 2025 ) + 6.503 (Dec. 2025 ) + 9.118 (Mar. 2026 ) = $36.8 Mil.
Saul Centers's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was 26.604 (Jun. 2025 ) + 20.631 (Sep. 2025 ) + 22.187 (Dec. 2025 ) + 29.286 (Mar. 2026 ) = $98.7 Mil.
Saul Centers's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2026 was -30.084 (Jun. 2025 ) + -19.541 (Sep. 2025 ) + -21.705 (Dec. 2025 ) + -7.009 (Mar. 2026 ) = $-78.3 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.
Saul Centers (BFS) has a Sloan Ratio % of 0.76% as of Mar. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Saul Centers and its competitors.
Is Saul Centers' Sloan Ratio % too high?
Saul Centers' current Sloan Ratio % is 0.76%. Overall, Saul Centers has a GF Score™ of 78/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Saul Centers' Sloan Ratio % compare to WSR and ALX?
Saul Centers' Sloan Ratio % of 0.76% can be compared against companies in the REITs 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 REITs company?
A good Sloan Ratio % depends on the REITs 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 Saul Centers and its competitors. Saul Centers's current Sloan Ratio % is 0.76%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Saul Centers stock overvalued right now?
Based on GuruFocus' analysis, Saul Centers (BFS) is currently considered Modestly Undervalued. The stock's GF Value™ is $41.96, compared to a current price of $36.61 — trading 12.8% below its estimated fair value. The current Sloan Ratio % is 0.76%. Saul Centers' overall GF Score™ is 78/100 with 9 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 Saul Centers (BFS), the current Sloan Ratio % is 0.76% 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 Saul Centers (BFS) Overvalued in 2026?
Based on GuruFocus' analysis, Saul Centers stock appears to be undervalued.
The current stock price of $36.61 is trading 12.8% below its estimated GF Value™ of $41.96.
GuruFocus considers Saul Centers to be Modestly Undervalued.
Key valuation signals for BFS:
Sloan Ratio %: 0.76%
GF Value™: $41.96 vs. price of $36.61 (12.8% below fair value)
No single metric tells the full story. See the BFS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Saul Centers Inc is a self-managed real estate investment trust which invests in, operates and develops retail and commercial properties. The company's portfolio includes community and neighbourhood shopping centres, office properties, and mixed-use properties. Properties are located in the Washington, D.C. and Batlimore metropolitan areas. Saul Centers operates through two business segments: Shopping Centers segment, which contribute the maximum portion of total revenue; and mixed-use properties.Mixed-Use Properties segment include office, retail and multi-family residential use.
78GF Score
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