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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.
Butler National's Sloan Ratio for the quarter that ended in Apr. 2026 was 0.37%.
As of Apr. 2026, Butler National has a Sloan Ratio of 0.37%, indicating the company is in the safe zone and there is no funny business with accruals.
Butler National (OTCPK:BUKS) 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, Butler National has a Sloan Ratio of 0.37%, indicating the company is in the safe zone and there is no funny business with accruals.
Butler National Sloan Ratio % Related Terms
Butler National Sloan Ratio % Historical Data
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The historical data trend for Butler National'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.
BUKS vs POWW, AIRO, SIDU: Sloan Ratio % Comparison
For the Aerospace & Defense subindustry, Butler National'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.
Butler National Sloan Ratio % vs Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, Butler National's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Butler National'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.
Butler National's Sloan Ratio for the fiscal year that ended in Apr. 2026 is calculated as
Butler National's Net Income for the trailing twelve months (TTM) ended in Apr. 2026 was 3.685 (Jul. 2025 ) + 5.994 (Oct. 2025 ) + 6.699 (Jan. 2026 ) + 5.555 (Apr. 2026 ) = $21.93 Mil.
Butler National's Cash Flow from Operations for the trailing twelve months (TTM) ended in Apr. 2026 was 14.699 (Jul. 2025 ) + -0.822 (Oct. 2025 ) + 10.635 (Jan. 2026 ) + 1.267 (Apr. 2026 ) = $25.78 Mil.
Butler National's Cash Flow from Investing for the trailing twelve months (TTM) ended in Apr. 2026 was -1.438 (Jul. 2025 ) + -0.28 (Oct. 2025 ) + -1.456 (Jan. 2026 ) + -1.193 (Apr. 2026 ) = $-4.37 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.
Butler National (BUKS) has a Sloan Ratio % of 0.37% as of Apr. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Butler National and its competitors.
Is Butler National's Sloan Ratio % too high?
Butler National's current Sloan Ratio % is 0.37%. Overall, Butler National has a GF Score™ of 74/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Butler National's Sloan Ratio % compare to POWW and AIRO?
Butler National's Sloan Ratio % of 0.37% can be compared against companies in the Aerospace & Defense 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 Aerospace & Defense company?
A good Sloan Ratio % depends on the Aerospace & Defense 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 Butler National and its competitors. Butler National's current Sloan Ratio % is 0.37%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Butler National stock overvalued right now?
Based on GuruFocus' analysis, Butler National (BUKS) is currently considered Significantly Overvalued. The stock's GF Value™ is $1.90, compared to a current price of $3.98 — trading 109.5% above its estimated fair value. The current Sloan Ratio % is 0.37%. Butler National's overall GF Score™ is 74/100. 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 Butler National (BUKS), the current Sloan Ratio % is 0.37% 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 Butler National (BUKS) Overvalued in 2026?
Based on GuruFocus' analysis, Butler National stock appears to be overvalued.
The current stock price of $3.98 is trading 109.5% above its estimated GF Value™ of $1.90.
GuruFocus considers Butler National to be Significantly Overvalued.
Key valuation signals for BUKS:
Sloan Ratio %: 0.37%
GF Value™: $1.90 vs. price of $3.98 (109.5% above fair value)
No single metric tells the full story. See the BUKS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Butler National Corp is involved in the design, engineering, manufacturing, selling, integrating, installing, repairing, modifying, overhauling, servicing, and distributing portfolio of aerostructures, aircraft components, avionics, accessories, subassemblies, and systems (Aerospace Products). The group serves the aviation industry, including owners of aircraft and contractors involved with private, commercial, business, and government aircraft operations. It also serves commercial weapon manufacturers and suppliers to governments and their agencies. The company has two operating segments: Professional Services and Aerospace Products. Its main source of revenue comes from the Aerospace Products segment. It operates in North America, Europe, Asia, Australia, and other geographical regions.
74GF Score
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