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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.
As of Apr. 2026, BJ's Wholesale Club Holdings has a Sloan Ratio of 4.47%, indicating the company is in the safe zone and there is no funny business with accruals.
BJ's Wholesale Club Holdings (NYSE:BJ) 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 Apr. 2026, BJ's Wholesale Club Holdings has a Sloan Ratio of 4.47%, indicating the company is in the safe zone and there is no funny business with accruals.
BJ's Wholesale Club Holdings Sloan Ratio % Related Terms
BJ's Wholesale Club Holdings Sloan Ratio % Historical Data
* 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 Discount Stores subindustry, BJ's Wholesale Club Holdings'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.
BJ's Wholesale Club Holdings Sloan Ratio % vs Retail - Defensive Industry
For the Retail - Defensive industry and Consumer Defensive sector, BJ's Wholesale Club Holdings's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where BJ's Wholesale Club Holdings's Sloan Ratio % falls into.
BJ's Wholesale Club Holdings Sloan Ratio % Calculation
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.
BJ's Wholesale Club Holdings's Net Income for the trailing twelve months (TTM) ended in Apr. 2026 was 150.705 (Jul. 2025 ) + 152.05 (Oct. 2025 ) + 125.854 (Jan. 2026 ) + 142.726 (Apr. 2026 ) = $571 Mil.
BJ's Wholesale Club Holdings's Cash Flow from Operations for the trailing twelve months (TTM) ended in Apr. 2026 was 249.864 (Jul. 2025 ) + 181.144 (Oct. 2025 ) + 390.955 (Jan. 2026 ) + 139.958 (Apr. 2026 ) = $962 Mil.
BJ's Wholesale Club Holdings's Cash Flow from Investing for the trailing twelve months (TTM) ended in Apr. 2026 was -163.865 (Jul. 2025 ) + -195.029 (Oct. 2025 ) + -201.159 (Jan. 2026 ) + -184.634 (Apr. 2026 ) = $-745 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.
BJ's Wholesale Club Holdings (BJ) has a Sloan Ratio % of 4.47% as of Apr. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on BJ's Wholesale Club Holdings and its competitors.
Is BJ's Wholesale Club Holdings' Sloan Ratio % too high?
BJ's Wholesale Club Holdings' current Sloan Ratio % is 4.47%. Overall, BJ's Wholesale Club Holdings has a GF Score™ of 85/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does BJ's Wholesale Club Holdings' Sloan Ratio % compare to PSMT and TBBB?
BJ's Wholesale Club Holdings' Sloan Ratio % of 4.47% can be compared against companies in the Retail - Defensive 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 Retail - Defensive company?
A good Sloan Ratio % depends on the Retail - Defensive 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 BJ's Wholesale Club Holdings and its competitors. BJ's Wholesale Club Holdings's current Sloan Ratio % is 4.47%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is BJ's Wholesale Club Holdings stock overvalued right now?
Based on GuruFocus' analysis, BJ's Wholesale Club Holdings (BJ) is currently considered Fairly Valued. The stock's GF Value™ is $99.82, compared to a current price of $97.78 — trading 2% below its estimated fair value. The current Sloan Ratio % is 4.47%. BJ's Wholesale Club Holdings' overall GF Score™ is 85/100 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 BJ's Wholesale Club Holdings (BJ), the current Sloan Ratio % is 4.47% as of Apr. 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 BJ's Wholesale Club Holdings (BJ) Overvalued in 2026?
Based on GuruFocus' analysis, BJ's Wholesale Club Holdings stock appears to be undervalued.
The current stock price of $97.78 is trading 2% below its estimated GF Value™ of $99.82.
GuruFocus considers BJ's Wholesale Club Holdings to be Fairly Valued.
Key valuation signals for BJ:
Sloan Ratio %: 4.47%
GF Value™: $99.82 vs. price of $97.78 (2% below fair value)
No single metric tells the full story. See the BJ stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
BJ's Wholesale Club, founded in 1984, operates a membership-based warehouse club model primarily along the US East Coast, with roughly 260 clubs and a growing domestic presence across 21 states. In fiscal 2025, the company generated over $21 billion in revenue. BJ's offers a value-oriented assortment skewed toward grocery, perishables, and consumables (72% of sales), general merchandise (11%), and gasoline (17%). Its business model is supported by recurring membership fee income and private-label brands such as Wellsley Farms and Berkley Jensen.
85GF Score
Get the complete analysis for BJ
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