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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, Fidelity National Financial has a Sloan Ratio of 0.69%, indicating the company is in the safe zone and there is no funny business with accruals.
Fidelity National Financial (NYSE:FNF) 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, Fidelity National Financial has a Sloan Ratio of 0.69%, indicating the company is in the safe zone and there is no funny business with accruals.
Fidelity National Financial Sloan Ratio % Related Terms
Fidelity National Financial 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 Insurance - Specialty subindustry, Fidelity National Financial'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.
Fidelity National Financial Sloan Ratio % vs Insurance Industry
For the Insurance industry and Financial Services sector, Fidelity National Financial's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Fidelity National Financial's Sloan Ratio % falls into.
Fidelity National Financial 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.
Fidelity National Financial's Net Income for the trailing twelve months (TTM) ended in Jun. 2026 was 358 (Sep. 2025 ) + -117 (Dec. 2025 ) + 243 (Mar. 2026 ) + 288 (Jun. 2026 ) = $772 Mil.
Fidelity National Financial's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 was 1311 (Sep. 2025 ) + 1506 (Dec. 2025 ) + 875 (Mar. 2026 ) + 1871 (Jun. 2026 ) = $5,563 Mil.
Fidelity National Financial's Cash Flow from Investing for the trailing twelve months (TTM) ended in Jun. 2026 was -2058 (Sep. 2025 ) + -2608 (Dec. 2025 ) + -945 (Mar. 2026 ) + 29 (Jun. 2026 ) = $-5,582 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.
Fidelity National Financial (FNF) has a Sloan Ratio % of 0.69% as of Jun. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Fidelity National Financial and its competitors.
Is Fidelity National Financial's Sloan Ratio % too high?
Fidelity National Financial's current Sloan Ratio % is 0.69%. Overall, Fidelity National Financial has a GF Score™ of 71/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Fidelity National Financial's Sloan Ratio % compare to AXS and FAF?
Fidelity National Financial's Sloan Ratio % of 0.69% can be compared against companies in the Insurance 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 Insurance company?
A good Sloan Ratio % depends on the Insurance 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 Fidelity National Financial and its competitors. Fidelity National Financial's current Sloan Ratio % is 0.69%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fidelity National Financial stock overvalued right now?
Based on GuruFocus' analysis, Fidelity National Financial (FNF) is currently considered Modestly Undervalued. The stock's GF Value™ is $56.02, compared to a current price of $50.18 — trading 10.4% below its estimated fair value. The current Sloan Ratio % is 0.69%. Fidelity National Financial's overall GF Score™ is 71/100 with 5 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 Fidelity National Financial (FNF), the current Sloan Ratio % is 0.69% 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 Fidelity National Financial (FNF) Overvalued in 2026?
Based on GuruFocus' analysis, Fidelity National Financial stock appears to be undervalued.
The current stock price of $50.18 is trading 10.4% below its estimated GF Value™ of $56.02.
GuruFocus considers Fidelity National Financial to be Modestly Undervalued.
Key valuation signals for FNF:
Sloan Ratio %: 0.69%
GF Value™: $56.02 vs. price of $50.18 (10.4% below fair value)
No single metric tells the full story. See the FNF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Fidelity National Financial Inc is a provider of (i) title insurance, escrow and other title-related services, including trust activities, trustee sales guarantees, recordings and reconveyances and home warranty and (ii) transaction services to the real estate and mortgage industries. It operates in three segments: Title, F&G, Corporate and Other. The title segment that derives the majority of revenue consists of the operations of title insurance underwriters and related businesses, which provide title insurance and escrow and other title-related services including trust activities, trustee sales guarantees, and home warranty products. All of the company's revenue is generated in the United States.
71GF 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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