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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.
DNO ASA's Sloan Ratio for the quarter that ended in Mar. 2026 was 1.85%.
As of Mar. 2026, DNO ASA has a Sloan Ratio of 1.85%, indicating the company is in the safe zone and there is no funny business with accruals.
DNO ASA (CHIX:DNOo) 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, DNO ASA has a Sloan Ratio of 1.85%, indicating the company is in the safe zone and there is no funny business with accruals.
DNO ASA Sloan Ratio % Related Terms
DNO ASA Sloan Ratio % Historical Data
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The historical data trend for DNO ASA'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.
CHIX:DNOO vs COP, EOG, FANG: Sloan Ratio % Comparison
For the Oil & Gas E&P subindustry, DNO ASA'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.
DNO ASA Sloan Ratio % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, DNO ASA's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where DNO ASA'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.
DNO ASA's Sloan Ratio for the fiscal year that ended in Dec. 2025 is calculated as
DNO ASA's Net Income for the trailing twelve months (TTM) ended in Mar. 2026 was -73.379 (Jun. 2025 ) + 197.868 (Sep. 2025 ) + -344.645 (Dec. 2025 ) + 488.725 (Mar. 2026 ) = kr269 Mil.
DNO ASA's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was 21.109 (Jun. 2025 ) + 3243.439 (Sep. 2025 ) + 1496.832 (Dec. 2025 ) + 2881.16 (Mar. 2026 ) = kr7,643 Mil.
DNO ASA's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2026 was -2953.248 (Jun. 2025 ) + -2239.186 (Sep. 2025 ) + -1817.221 (Dec. 2025 ) + -1472.936 (Mar. 2026 ) = kr-8,483 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.
DNO ASA (CHIX:DNOO) has a Sloan Ratio % of 1.85% as of Mar. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on DNO ASA and its competitors.
Is DNO ASA's Sloan Ratio % too high?
DNO ASA's current Sloan Ratio % is 1.85%. Overall, DNO ASA has a GF Score™ of 75/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does DNO ASA's Sloan Ratio % compare to COP and EOG?
DNO ASA's Sloan Ratio % of 1.85% 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 DNO ASA and its competitors. DNO ASA's current Sloan Ratio % is 1.85%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is DNO ASA stock overvalued right now?
Based on GuruFocus' analysis, DNO ASA (CHIX:DNOO) is currently considered Possible Value Trap. The stock's GF Value™ is kr28.89, compared to a current price of kr16.34 — trading 43.4% below its estimated fair value. The current Sloan Ratio % is 1.85%. DNO ASA's overall GF Score™ is 75/100 with 4 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 DNO ASA (CHIX:DNOO), the current Sloan Ratio % is 1.85% 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 DNO ASA (CHIX:DNOO) Overvalued in 2026?
Based on GuruFocus' analysis, DNO ASA stock appears to be undervalued.
The current stock price of kr16.34 is trading 43.4% below its estimated GF Value™ of kr28.89.
GuruFocus considers DNO ASA to be Possible Value Trap.
Key valuation signals for CHIX:DNOO:
Sloan Ratio %: 1.85%
GF Value™: kr28.89 vs. price of kr16.34 (43.4% below fair value)
No single metric tells the full story. See the CHIX:DNOO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
DNO ASA is an oil and gas exploration and production company. Its producing assets are located across the North Sea, which generates the majority of the revenue, Kurdistan, and West Africa. The company holds working interests in both onshore and offshore fields and operates as either the sole operator or partner in many of its facilities. The company generates a majority of its revenue from the sale of oil and the rest from tariff income, the sale of gas, and natural gas liquids.
75GF Score
Get the complete analysis for CHIX:DNOO
Sloan Ratio % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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