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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 Mar. 2026, Cardio Diagnostics Holdings has a Sloan Ratio of -3.42%, indicating the company is in the safe zone and there is no funny business with accruals.
Cardio Diagnostics Holdings (NAS:CDIO) 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, Cardio Diagnostics Holdings has a Sloan Ratio of -3.42%, indicating the company is in the safe zone and there is no funny business with accruals.
Cardio Diagnostics Holdings Sloan Ratio % Related Terms
Cardio Diagnostics 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.
CDIO vs ERNA, LABT, JAGX: Sloan Ratio % Comparison
For the Biotechnology subindustry, Cardio Diagnostics 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.
Cardio Diagnostics Holdings Sloan Ratio % vs Biotechnology Industry
For the Biotechnology industry and Healthcare sector, Cardio Diagnostics Holdings's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Cardio Diagnostics Holdings's Sloan Ratio % falls into.
Cardio Diagnostics 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.
Cardio Diagnostics Holdings's Net Income for the trailing twelve months (TTM) ended in Mar. 2026 was -1.683 (Jun. 2025 ) + -1.715 (Sep. 2025 ) + -1.465 (Dec. 2025 ) + -1.788 (Mar. 2026 ) = $-6.65 Mil.
Cardio Diagnostics Holdings's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was -1.571 (Jun. 2025 ) + -1.393 (Sep. 2025 ) + -1.362 (Dec. 2025 ) + -1.562 (Mar. 2026 ) = $-5.89 Mil.
Cardio Diagnostics Holdings's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2026 was -0.036 (Jun. 2025 ) + -0.258 (Sep. 2025 ) + -0.078 (Dec. 2025 ) + -0.064 (Mar. 2026 ) = $-0.44 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.
Cardio Diagnostics Holdings (CDIO) has a Sloan Ratio % of -3.42% as of Mar. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Cardio Diagnostics Holdings and its competitors.
Is Cardio Diagnostics Holdings' Sloan Ratio % too high?
Cardio Diagnostics Holdings' current Sloan Ratio % is -3.42%. Overall, Cardio Diagnostics Holdings has a GF Score™ of 49/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Cardio Diagnostics Holdings' Sloan Ratio % compare to ERNA and LABT?
Cardio Diagnostics Holdings' Sloan Ratio % of -3.42% can be compared against companies in the Biotechnology 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 Biotechnology company?
A good Sloan Ratio % depends on the Biotechnology 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 Cardio Diagnostics Holdings and its competitors. Cardio Diagnostics Holdings's current Sloan Ratio % is -3.42%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cardio Diagnostics Holdings stock overvalued right now?
Based on GuruFocus' analysis, Cardio Diagnostics Holdings (CDIO) is currently considered Possible Value Trap. The stock's GF Value™ is $2.77, compared to a current price of $1.57 — trading 43.2% below its estimated fair value. The current Sloan Ratio % is -3.42%. Cardio Diagnostics Holdings' overall GF Score™ is 49/100 with 3 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 Cardio Diagnostics Holdings (CDIO), the current Sloan Ratio % is -3.42% 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 Cardio Diagnostics Holdings (CDIO) Overvalued in 2026?
Based on GuruFocus' analysis, Cardio Diagnostics Holdings stock appears to be undervalued.
The current stock price of $1.57 is trading 43.2% below its estimated GF Value™ of $2.77.
GuruFocus considers Cardio Diagnostics Holdings to be Possible Value Trap.
Key valuation signals for CDIO:
Sloan Ratio %: -3.42%
GF Value™: $2.77 vs. price of $1.57 (43.2% below fair value)
No single metric tells the full story. See the CDIO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Cardio Diagnostics Holdings Inc is a medical technology company focused on developing and commercializing epigenetics-based clinical tests for cardiovascular diseases and associated comorbidities by leveraging its Artificial Intelligence (AI)-driven Multi-Omics Engine. The company has developed two clinical products: Epi+Gen CHD and PrecisionCHD, epigenetics-based clinical blood tests capable of assessing risk for a coronary heart disease (CHD) event, including heart attacks. Additionally, its portfolio includes HeartRisk, a cardiovascular disease risk intelligence platform, and CardioInnovate360, a research-use-only solution launched to support the discovery, development, and validation of novel biopharmaceuticals for the assessment and management of cardiovascular diseases.
49GF Score
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