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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.
Thor Medical ASA's Sloan Ratio for the quarter that ended in Jun. 2026 was 20.11%.
As of Jun. 2026, Thor Medical ASA has a Sloan Ratio of 20.11%, indicating there is a warning stage of accrual build up.
Thor Medical ASA (FRA:8NN) 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, Thor Medical ASA has a Sloan Ratio of 20.11%, indicating there is a warning stage of accrual build up.
Thor Medical ASA Sloan Ratio % Related Terms
Thor Medical ASA Sloan Ratio % Historical Data
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The historical data trend for Thor Medical ASA'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:8NN vs VRTX, REGN, MRNA: Sloan Ratio % Comparison
For the Biotechnology subindustry, Thor Medical ASA'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.
Thor Medical ASA Sloan Ratio % vs Biotechnology Industry
For the Biotechnology industry and Healthcare sector, Thor Medical ASA's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Thor Medical ASA'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.
Thor Medical ASA's Sloan Ratio for the fiscal year that ended in Dec. 2025 is calculated as
For company reported semi-annually, GuruFocus uses latest two semi-annual data as the TTM data.
Thor Medical ASA's Net Income for the trailing twelve months (TTM) ended in Jun. 2026 was -2.391 (Dec. 2025 ) + -4.955 (Jun. 2026 ) = €-7.35 Mil.
Thor Medical ASA's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 was -1.225 (Dec. 2025 ) + -6.92 (Jun. 2026 ) = €-8.15 Mil.
Thor Medical ASA's Cash Flow from Investing for the trailing twelve months (TTM) ended in Jun. 2026 was -3.143 (Dec. 2025 ) + -9.248 (Jun. 2026 ) = €-12.39 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.
Thor Medical ASA (FRA:8NN) has a Sloan Ratio % of 20.11% as of Jun. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Thor Medical ASA and its competitors.
Is Thor Medical ASA's Sloan Ratio % too high?
Thor Medical ASA's current Sloan Ratio % is 20.11%. Overall, Thor Medical ASA has a GF Score™ of 27/100, reflecting its overall financial health beyond just this single metric.
How does Thor Medical ASA's Sloan Ratio % compare to VRTX and REGN?
Thor Medical ASA's Sloan Ratio % of 20.11% can be compared against companies in the Biotechnology 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 Biotechnology company?
A good Sloan Ratio % depends on the Biotechnology 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 Thor Medical ASA and its competitors. Thor Medical ASA's current Sloan Ratio % is 20.11%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thor Medical ASA stock overvalued right now?
Thor Medical ASA (FRA:8NN) has a current Sloan Ratio % of 20.11%. The current Sloan Ratio % is 20.11%. Thor Medical ASA's overall GF Score™ is 27/100 with 2 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 Thor Medical ASA (FRA:8NN), the current Sloan Ratio % is 20.11% 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.
Thor Medical ASA is a Norway-based biopharmaceutical company. The company is a producer and supplier of alpha-particle emitters for cancer therapy. The production process is based on separation of natural occurring radioactive decay products from thorium. The Company is utilizing alpha-emitters in radiotherapy and cancer treatments using Pb-212, which can be produced from naturally occurring isotope Thorium-232 and Lead-212. It uses a proprietary production process that does not involve irradiation or nuclear reactors to produce alpha-emitting materials. These materials are used by radiopharmaceutical companies in the development of cancer therapies.
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