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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.
Shepherd Neame's Sloan Ratio for the quarter that ended in Dec. 2025 was -2.23%.
As of Dec. 2025, Shepherd Neame has a Sloan Ratio of -2.23%, indicating the company is in the safe zone and there is no funny business with accruals.
Shepherd Neame (FRA:43Y) 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 Dec. 2025, Shepherd Neame has a Sloan Ratio of -2.23%, indicating the company is in the safe zone and there is no funny business with accruals.
Shepherd Neame Sloan Ratio % Related Terms
Shepherd Neame Sloan Ratio % Historical Data
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The historical data trend for Shepherd Neame'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:43Y vs MCD, SBUX, CMG: Sloan Ratio % Comparison
For the Restaurants subindustry, Shepherd Neame'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.
Shepherd Neame Sloan Ratio % vs Restaurants Industry
For the Restaurants industry and Consumer Cyclical sector, Shepherd Neame's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Shepherd Neame'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.
Shepherd Neame's Sloan Ratio for the fiscal year that ended in Jun. 2025 is calculated as
For company reported semi-annually, GuruFocus uses latest two semi-annual data as the TTM data.
Shepherd Neame's Net Income for the trailing twelve months (TTM) ended in Dec. 2025 was 1.67 (Jun. 2025 ) + 3.519 (Dec. 2025 ) = €5.2 Mil.
Shepherd Neame's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2025 was 12.473 (Jun. 2025 ) + 13.688 (Dec. 2025 ) = €26.2 Mil.
Shepherd Neame's Cash Flow from Investing for the trailing twelve months (TTM) ended in Dec. 2025 was -5.096 (Jun. 2025 ) + -6.666 (Dec. 2025 ) = €-11.8 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.
Shepherd Neame (FRA:43Y) has a Sloan Ratio % of -2.23% as of Dec. 2025. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Shepherd Neame and its competitors.
Is Shepherd Neame's Sloan Ratio % too high?
Shepherd Neame's current Sloan Ratio % is -2.23%. Overall, Shepherd Neame has a GF Score™ of 77/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Shepherd Neame's Sloan Ratio % compare to MCD and SBUX?
Shepherd Neame's Sloan Ratio % of -2.23% can be compared against companies in the Restaurants 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 Restaurants company?
A good Sloan Ratio % depends on the Restaurants 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 Shepherd Neame and its competitors. Shepherd Neame's current Sloan Ratio % is -2.23%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shepherd Neame stock overvalued right now?
Based on GuruFocus' analysis, Shepherd Neame (FRA:43Y) is currently considered Modestly Undervalued. The stock's GF Value™ is €6.96, compared to a current price of €5.25 — trading 24.6% below its estimated fair value. The current Sloan Ratio % is -2.23%. Shepherd Neame's overall GF Score™ is 77/100 with 4 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 Shepherd Neame (FRA:43Y), the current Sloan Ratio % is -2.23% as of Dec. 2025. 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 Shepherd Neame (FRA:43Y) Overvalued in 2026?
Based on GuruFocus' analysis, Shepherd Neame stock appears to be undervalued.
The current stock price of €5.25 is trading 24.6% below its estimated GF Value™ of €6.96.
GuruFocus considers Shepherd Neame to be Modestly Undervalued.
Key valuation signals for FRA:43Y:
Sloan Ratio %: -2.23%
GF Value™: €6.96 vs. price of €5.25 (24.6% below fair value)
No single metric tells the full story. See the FRA:43Y stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Shepherd Neame Ltd brews and packages beer, wholesales and retails beer, cider, wines, spirits, and minerals, owns property and public houses, and provides hotel management services. Its segments are Brewing and Brands, Retail Pubs and Hotels, and Tenanted Pubs, with the majority of revenue coming from Retail Pubs and Hotels. The company brews and distributes its own beers, including Spitfire, Bishops Finger, Whitstable Bay, Bear Island, Creekside IPA, First Drop Session IPA, and Iron Wharf Stout. It also brews licensed international lagers like Singha. The company operates in the UK and internationally, with the majority of revenue coming from the UK.
77GF Score
Get the complete analysis for FRA:43Y
Sloan Ratio % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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