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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.
Games Workshop Group's Sloan Ratio for the quarter that ended in May. 2026 was -3.17%.
As of May. 2026, Games Workshop Group has a Sloan Ratio of -3.17%, indicating the company is in the safe zone and there is no funny business with accruals.
Games Workshop Group (CHIX:GAWl) 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 May. 2026, Games Workshop Group has a Sloan Ratio of -3.17%, indicating the company is in the safe zone and there is no funny business with accruals.
Games Workshop Group Sloan Ratio % Related Terms
Games Workshop Group Sloan Ratio % Historical Data
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The historical data trend for Games Workshop Group'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:GAWL vs AS, HAS, LTH: Sloan Ratio % Comparison
For the Leisure subindustry, Games Workshop Group'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.
Games Workshop Group Sloan Ratio % vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Games Workshop Group's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Games Workshop Group'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.
Games Workshop Group's Sloan Ratio for the fiscal year that ended in May. 2026 is calculated as
For company reported semi-annually, GuruFocus uses latest two semi-annual data as the TTM data.
Games Workshop Group's Net Income for the trailing twelve months (TTM) ended in May. 2026 was 105.5 (Nov. 2025 ) + 100.5 (May. 2026 ) = £206.0 Mil.
Games Workshop Group's Cash Flow from Operations for the trailing twelve months (TTM) ended in May. 2026 was 138.3 (Nov. 2025 ) + 129.4 (May. 2026 ) = £267.7 Mil.
Games Workshop Group's Cash Flow from Investing for the trailing twelve months (TTM) ended in May. 2026 was -22.5 (Nov. 2025 ) + -24.4 (May. 2026 ) = £-46.9 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.
Games Workshop Group (CHIX:GAWL) has a Sloan Ratio % of -3.17% as of May. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Games Workshop Group and its competitors.
Is Games Workshop Group's Sloan Ratio % too high?
Games Workshop Group's current Sloan Ratio % is -3.17%. Overall, Games Workshop Group has a GF Score™ of 90/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Games Workshop Group's Sloan Ratio % compare to AS and HAS?
Games Workshop Group's Sloan Ratio % of -3.17% can be compared against companies in the Travel & Leisure 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 Travel & Leisure company?
A good Sloan Ratio % depends on the Travel & Leisure 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 Games Workshop Group and its competitors. Games Workshop Group's current Sloan Ratio % is -3.17%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Games Workshop Group stock overvalued right now?
Based on GuruFocus' analysis, Games Workshop Group (CHIX:GAWL) is currently considered Modestly Overvalued. The stock's GF Value™ is £164.09, compared to a current price of £186.80 — trading 13.8% above its estimated fair value. The current Sloan Ratio % is -3.17%. Games Workshop Group's overall GF Score™ is 90/100 with 2 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 Games Workshop Group (CHIX:GAWL), the current Sloan Ratio % is -3.17% as of May. 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 Games Workshop Group (CHIX:GAWL) Overvalued in 2026?
Based on GuruFocus' analysis, Games Workshop Group stock appears to be overvalued.
The current stock price of £186.80 is trading 13.8% above its estimated GF Value™ of £164.09.
GuruFocus considers Games Workshop Group to be Modestly Overvalued.
Key valuation signals for CHIX:GAWL:
Sloan Ratio %: -3.17%
GF Value™: £164.09 vs. price of £186.80 (13.8% above fair value)
No single metric tells the full story. See the CHIX:GAWL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Games Workshop Group PLC designs, manufactures and sells fantasy miniatures and games related products. It carries the manufacturing activity in the UK and sells the same in the different region of the countries such as Continental Europe, North America, and Asia Pacific. It operates through two segments Core and Licensing . The core segment includes all revenue and expenditure relating to the design, manufacture and sales of their fantasy miniatures and related products. The licensing segment includes all revenue and expenditure relating to licences granted to external partners. The company generates majority of its revenue from the core segment.
90GF Score
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Sloan Ratio % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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