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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.
Ferrellgas Partners LP's Sloan Ratio for the quarter that ended in Apr. 2026 was -13.14%.
As of Apr. 2026, Ferrellgas Partners LP has a Sloan Ratio of -13.14%, indicating there is a warning stage of accrual build up.
Ferrellgas Partners LP (OTCPK:FGPR) 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 Apr. 2026, Ferrellgas Partners LP has a Sloan Ratio of -13.14%, indicating there is a warning stage of accrual build up.
Ferrellgas Partners LP Sloan Ratio % Related Terms
Ferrellgas 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, Ferrellgas 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.
Ferrellgas Partners LP Sloan Ratio % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Ferrellgas Partners LP's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Ferrellgas Partners LP'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.
Ferrellgas Partners LP's Sloan Ratio for the fiscal year that ended in Jul. 2025 is calculated as
Ferrellgas Partners LP's Net Income for the trailing twelve months (TTM) ended in Apr. 2026 was -26.846 (Jul. 2025 ) + -26.927 (Oct. 2025 ) + 29.019 (Jan. 2026 ) + -78.977 (Apr. 2026 ) = $-104 Mil.
Ferrellgas Partners LP's Cash Flow from Operations for the trailing twelve months (TTM) ended in Apr. 2026 was 19.752 (Jul. 2025 ) + -8.498 (Oct. 2025 ) + 40.69 (Jan. 2026 ) + 118.523 (Apr. 2026 ) = $170 Mil.
Ferrellgas Partners LP's Cash Flow from Investing for the trailing twelve months (TTM) ended in Apr. 2026 was -10.97 (Jul. 2025 ) + -21.277 (Oct. 2025 ) + -22.009 (Jan. 2026 ) + -27.129 (Apr. 2026 ) = $-81 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.
Ferrellgas Partners LP (FGPR) has a Sloan Ratio % of -13.14% as of Apr. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Ferrellgas Partners LP and its competitors.
Is Ferrellgas Partners LP's Sloan Ratio % too high?
Ferrellgas Partners LP's current Sloan Ratio % is -13.14%. Overall, Ferrellgas Partners LP has a GF Score™ of 39/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ferrellgas Partners LP's Sloan Ratio % compare to SGU and CLNE?
Ferrellgas Partners LP's Sloan Ratio % of -13.14% 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 Ferrellgas Partners LP and its competitors. Ferrellgas Partners LP's current Sloan Ratio % is -13.14%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ferrellgas Partners LP stock overvalued right now?
Based on GuruFocus' analysis, Ferrellgas Partners LP (FGPR) is currently considered Significantly Overvalued. The stock's GF Value™ is $9.33, compared to a current price of $23.04 — trading 146.9% above its estimated fair value. The current Sloan Ratio % is -13.14%. Ferrellgas Partners LP's overall GF Score™ is 39/100 with 7 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 Ferrellgas Partners LP (FGPR), the current Sloan Ratio % is -13.14% as of Apr. 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 Ferrellgas Partners LP (FGPR) Overvalued in 2026?
Based on GuruFocus' analysis, Ferrellgas Partners LP stock appears to be overvalued.
The current stock price of $23.04 is trading 146.9% above its estimated GF Value™ of $9.33.
GuruFocus considers Ferrellgas Partners LP to be Significantly Overvalued.
Key valuation signals for FGPR:
Sloan Ratio %: -13.14%
GF Value™: $9.33 vs. price of $23.04 (146.9% above fair value)
No single metric tells the full story. See the FGPR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ferrellgas Partners LP distributes propane and related equipment to a wide mix of customers, including residential, commercial, agricultural, wholesale, and portable tank exchange segments. The company provides propane delivery and tank exchange services under several brands and sells related appliances, parts, and fittings. Ferrellgas operates all over the United States, the District of Columbia, and Puerto Rico, with sales concentrated in various regions across the United States. The majority of its revenue comes from the sales of Propane and other gas liquids to End Users and Resellers.
39GF 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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