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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, Enterprise Products Partners LP has a Sloan Ratio of 3.71%, indicating the company is in the safe zone and there is no funny business with accruals.
Enterprise Products Partners LP (NYSE:EPD) 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, Enterprise Products Partners LP has a Sloan Ratio of 3.71%, indicating the company is in the safe zone and there is no funny business with accruals.
Enterprise Products Partners LP Sloan Ratio % Related Terms
Enterprise Products 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.
Enterprise Products Partners LP Sloan Ratio % Chart
For the Oil & Gas Midstream subindustry, Enterprise Products 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.
Enterprise Products Partners LP Sloan Ratio % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Enterprise Products Partners LP's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Enterprise Products Partners LP's Sloan Ratio % falls into.
Enterprise Products 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.
Enterprise Products Partners LP's Net Income for the trailing twelve months (TTM) ended in Mar. 2026 was 1436 (Jun. 2025 ) + 1339 (Sep. 2025 ) + 1645 (Dec. 2025 ) + 1483 (Mar. 2026 ) = $5,903 Mil.
Enterprise Products Partners LP's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was 2061 (Jun. 2025 ) + 1738 (Sep. 2025 ) + 2472 (Dec. 2025 ) + 1469 (Mar. 2026 ) = $7,740 Mil.
Enterprise Products Partners LP's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2026 was -1274 (Jun. 2025 ) + -1935 (Sep. 2025 ) + -1235 (Dec. 2025 ) + -381 (Mar. 2026 ) = $-4,825 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.
Enterprise Products Partners LP (EPD) has a Sloan Ratio % of 3.71% as of Mar. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Enterprise Products Partners LP and its competitors.
Is Enterprise Products Partners LP's Sloan Ratio % too high?
Enterprise Products Partners LP's current Sloan Ratio % is 3.71%. Overall, Enterprise Products Partners LP has a GF Score™ of 85/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Enterprise Products Partners LP's Sloan Ratio % compare to KMI and ET?
Enterprise Products Partners LP's Sloan Ratio % of 3.71% 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 Enterprise Products Partners LP and its competitors. Enterprise Products Partners LP's current Sloan Ratio % is 3.71%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Enterprise Products Partners LP stock overvalued right now?
Based on GuruFocus' analysis, Enterprise Products Partners LP (EPD) is currently considered Significantly Overvalued. The stock's GF Value™ is $29.43, compared to a current price of $38.80 — trading 31.8% above its estimated fair value. The current Sloan Ratio % is 3.71%. Enterprise Products Partners LP's overall GF Score™ is 85/100 with 12 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 Enterprise Products Partners LP (EPD), the current Sloan Ratio % is 3.71% 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 Enterprise Products Partners LP (EPD) Overvalued in 2026?
Based on GuruFocus' analysis, Enterprise Products Partners LP stock appears to be overvalued.
The current stock price of $38.80 is trading 31.8% above its estimated GF Value™ of $29.43.
GuruFocus considers Enterprise Products Partners LP to be Significantly Overvalued.
Key valuation signals for EPD:
Sloan Ratio %: 3.71%
GF Value™: $29.43 vs. price of $38.80 (31.8% above fair value)
No single metric tells the full story. See the EPD stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Enterprise Products Partners LP Business Description
Enterprise Products Partners is a master limited partnership that transports and processes natural gas, natural gas liquids, crude oil, refined products, and petrochemicals. It is one of the largest midstream companies, with operations servicing most producing regions in the continental US. Enterprise is particularly dominant in the NGL market and is one of the few MLPs that provide midstream services across the full hydrocarbon value chain.
85GF Score
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