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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.
National Beverage's Sloan Ratio for the quarter that ended in Apr. 2026 was 3.25%.
As of Apr. 2026, National Beverage has a Sloan Ratio of 3.25%, indicating the company is in the safe zone and there is no funny business with accruals.
National Beverage (FRA:20V) 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, National Beverage has a Sloan Ratio of 3.25%, indicating the company is in the safe zone and there is no funny business with accruals.
National Beverage Sloan Ratio % Related Terms
National Beverage Sloan Ratio % Historical Data
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The historical data trend for National Beverage'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.
FRA:20V vs COCO, SUJA, BUDA: Sloan Ratio % Comparison
For the Beverages - Non-Alcoholic subindustry, National Beverage'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.
National Beverage Sloan Ratio % vs Beverages - Non-Alcoholic Industry
For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, National Beverage's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where National Beverage'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.
National Beverage's Sloan Ratio for the fiscal year that ended in Apr. 2026 is calculated as
National Beverage's Net Income for the trailing twelve months (TTM) ended in Apr. 2026 was 47.786 (Jul. 2025 ) + 39.827 (Oct. 2025 ) + 35.068 (Jan. 2026 ) + 34.47 (Apr. 2026 ) = €157 Mil.
National Beverage's Cash Flow from Operations for the trailing twelve months (TTM) ended in Apr. 2026 was 50.639 (Jul. 2025 ) + 22.087 (Oct. 2025 ) + 43.337 (Jan. 2026 ) + 38.926 (Apr. 2026 ) = €155 Mil.
National Beverage's Cash Flow from Investing for the trailing twelve months (TTM) ended in Apr. 2026 was -2.651 (Jul. 2025 ) + -4.988 (Oct. 2025 ) + -5.332 (Jan. 2026 ) + -8.514 (Apr. 2026 ) = €-21 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.
National Beverage (FRA:20V) has a Sloan Ratio % of 3.25% as of Apr. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on National Beverage and its competitors.
Is National Beverage's Sloan Ratio % too high?
National Beverage's current Sloan Ratio % is 3.25%. Overall, National Beverage has a GF Score™ of 70/100, reflecting its overall financial health beyond just this single metric.
How does National Beverage's Sloan Ratio % compare to COCO and SUJA?
National Beverage's Sloan Ratio % of 3.25% can be compared against companies in the Beverages - Non-Alcoholic 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 Beverages - Non-Alcoholic company?
A good Sloan Ratio % depends on the Beverages - Non-Alcoholic 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 National Beverage and its competitors. National Beverage's current Sloan Ratio % is 3.25%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is National Beverage stock overvalued right now?
National Beverage (FRA:20V) has a current Sloan Ratio % of 3.25%. The stock's GF Value™ is €39.92, compared to a current price of €27.60 — trading 30.9% below its estimated fair value. The current Sloan Ratio % is 3.25%. National Beverage's overall GF Score™ is 70/100 with 1 warning sign 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 National Beverage (FRA:20V), the current Sloan Ratio % is 3.25% 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 National Beverage (FRA:20V) Overvalued in 2026?
Based on GuruFocus' analysis, National Beverage stock appears to be undervalued.
The current stock price of €27.60 is trading 30.9% below its estimated GF Value™ of €39.92.
Key valuation signals for FRA:20V:
Sloan Ratio %: 3.25%
GF Value™: €39.92 vs. price of €27.60 (30.9% below fair value)
No single metric tells the full story. See the FRA:20V stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
National Beverage Corp is a non-alcoholic beverage company in the U.S. Its portfolio skews toward functional drinks (that is those purporting to offer health benefits) and is anchored by the popular LaCroix sparkling water trademark. Other offerings include Rip It energy drinks, Everfresh juices, and soda brands like Shasta and Faygo. The firm controls the majority of its production and distribution apparatus, with very little outsourcing. In terms of go-to-market, it uses warehouse distribution for retailers, direct-store delivery for convenience stores and other small outlets, and food-service distributors for the food-service channel (schools, hospitals, restaurants).
70GF Score
Get the complete analysis for FRA:20V
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