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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 Jun. 2026, Delek Logistics Partners LP has a Sloan Ratio of 0.70%, indicating the company is in the safe zone and there is no funny business with accruals.
Delek Logistics Partners LP (NYSE:DKL) 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 Jun. 2026, Delek Logistics Partners LP has a Sloan Ratio of 0.70%, indicating the company is in the safe zone and there is no funny business with accruals.
Delek Logistics Partners LP Sloan Ratio % Related Terms
Delek Logistics Partners LP 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 Oil & Gas Refining & Marketing subindustry, Delek Logistics Partners LP'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.
Delek Logistics Partners LP Sloan Ratio % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Delek Logistics Partners LP's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Delek Logistics Partners LP's Sloan Ratio % falls into.
Delek Logistics Partners LP 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.
Delek Logistics Partners LP's Net Income for the trailing twelve months (TTM) ended in Jun. 2026 was 45.56 (Sep. 2025 ) + 47.292 (Dec. 2025 ) + 32.352 (Mar. 2026 ) + 28.871 (Jun. 2026 ) = $154 Mil.
Delek Logistics Partners LP's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 was 54.937 (Sep. 2025 ) + 43.205 (Dec. 2025 ) + 170.376 (Mar. 2026 ) + 71.198 (Jun. 2026 ) = $340 Mil.
Delek Logistics Partners LP's Cash Flow from Investing for the trailing twelve months (TTM) ended in Jun. 2026 was -63.978 (Sep. 2025 ) + -32.539 (Dec. 2025 ) + -49.298 (Mar. 2026 ) + -59.793 (Jun. 2026 ) = $-206 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.
Delek Logistics Partners LP (DKL) has a Sloan Ratio % of 0.70% as of Jun. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Delek Logistics Partners LP and its competitors.
Is Delek Logistics Partners LP's Sloan Ratio % too high?
Delek Logistics Partners LP's current Sloan Ratio % is 0.70%. Overall, Delek Logistics Partners LP has a GF Score™ of 83/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Delek Logistics Partners LP's Sloan Ratio % compare to CVI and DK?
Delek Logistics Partners LP's Sloan Ratio % of 0.70% 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 Delek Logistics Partners LP and its competitors. Delek Logistics Partners LP's current Sloan Ratio % is 0.70%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Delek Logistics Partners LP stock overvalued right now?
Based on GuruFocus' analysis, Delek Logistics Partners LP (DKL) is currently considered Modestly Overvalued. The stock's GF Value™ is $46.87, compared to a current price of $54.13 — trading 15.5% above its estimated fair value. The current Sloan Ratio % is 0.70%. Delek Logistics Partners LP's overall GF Score™ is 83/100 with 11 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 Delek Logistics Partners LP (DKL), the current Sloan Ratio % is 0.70% as of Jun. 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 Delek Logistics Partners LP (DKL) Overvalued in 2026?
Based on GuruFocus' analysis, Delek Logistics Partners LP stock appears to be overvalued.
The current stock price of $54.13 is trading 15.5% above its estimated GF Value™ of $46.87.
GuruFocus considers Delek Logistics Partners LP to be Modestly Overvalued.
Key valuation signals for DKL:
Sloan Ratio %: 0.70%
GF Value™: $46.87 vs. price of $54.13 (15.5% above fair value)
No single metric tells the full story. See the DKL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Delek Logistics Partners LP owns and operates logistics and marketing assets for crude oil and intermediate and refined products. The company's segment includes gathering and processing; wholesale marketing and terminalling; storage and transportation and investment in pipeline joint ventures. It generates maximum revenue from the wholesale marketing and terminalling segment, which provides marketing services for the refined products output of the Delek Holdings' refineries, engages in wholesale activity at its terminals and terminals owned by third parties, whereby it purchases light product for sale and exchange to third parties, and provides terminalling services at its refined products terminals to independent third parties and Delek Holdings.
83GF Score
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