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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, Columbia Banking System has a Sloan Ratio of -5.05%, indicating the company is in the safe zone and there is no funny business with accruals.
Columbia Banking System (FRA:CM6) 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, Columbia Banking System has a Sloan Ratio of -5.05%, indicating the company is in the safe zone and there is no funny business with accruals.
Columbia Banking System Sloan Ratio % Related Terms
Columbia Banking System 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.
FRA:CM6 vs PB, BOKF, WAL: Sloan Ratio % Comparison
For the Banks - Regional subindustry, Columbia Banking System'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.
Columbia Banking System Sloan Ratio % vs Banks Industry
For the Banks industry and Financial Services sector, Columbia Banking System's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Columbia Banking System'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.
Columbia Banking System's Sloan Ratio for the fiscal year that ended in Dec. 2025 is calculated as
Columbia Banking System's Net Income for the trailing twelve months (TTM) ended in Jun. 2026 was 81.792 (Sep. 2025 ) + 183.61 (Dec. 2025 ) + 166.08 (Mar. 2026 ) + 180.544 (Jun. 2026 ) = €612 Mil.
Columbia Banking System's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 was 201.072 (Sep. 2025 ) + 239.974 (Dec. 2025 ) + 427.31 (Mar. 2026 ) + 256.06 (Jun. 2026 ) = €1,124 Mil.
Columbia Banking System's Cash Flow from Investing for the trailing twelve months (TTM) ended in Jun. 2026 was 1553.196 (Sep. 2025 ) + 497.882 (Dec. 2025 ) + 96.88 (Mar. 2026 ) + 207.452 (Jun. 2026 ) = €2,355 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.
Columbia Banking System (FRA:CM6) has a Sloan Ratio % of -5.05% as of Jun. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Columbia Banking System and its competitors.
Is Columbia Banking System's Sloan Ratio % too high?
Columbia Banking System's current Sloan Ratio % is -5.05%. Overall, Columbia Banking System has a GF Score™ of 52/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Columbia Banking System's Sloan Ratio % compare to PB and BOKF?
Columbia Banking System's Sloan Ratio % of -5.05% can be compared against companies in the Banks 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 Banks company?
A good Sloan Ratio % depends on the Banks 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 Columbia Banking System and its competitors. Columbia Banking System's current Sloan Ratio % is -5.05%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Columbia Banking System stock overvalued right now?
Based on GuruFocus' analysis, Columbia Banking System (FRA:CM6) is currently considered Modestly Overvalued. The stock's GF Value™ is €22.73, compared to a current price of €27.60 — trading 21.4% above its estimated fair value. The current Sloan Ratio % is -5.05%. Columbia Banking System's overall GF Score™ is 52/100 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 Columbia Banking System (FRA:CM6), the current Sloan Ratio % is -5.05% 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 Columbia Banking System (FRA:CM6) Overvalued in 2026?
Based on GuruFocus' analysis, Columbia Banking System stock appears to be overvalued.
The current stock price of €27.60 is trading 21.4% above its estimated GF Value™ of €22.73.
GuruFocus considers Columbia Banking System to be Modestly Overvalued.
Key valuation signals for FRA:CM6:
Sloan Ratio %: -5.05%
GF Value™: €22.73 vs. price of €27.60 (21.4% above fair value)
No single metric tells the full story. See the FRA:CM6 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Columbia Banking System Inc is a registered bank holding company whose wholly-owned banking subsidiary is Columbia State Bank. The company provides a full range of banking services to small and medium sized businesses, professionals, and individuals throughout Washington, Oregon, Idaho, and California. The company's subsidiary Columbia Trust Company is an Oregon trust company that provides agency, fiduciary, and other related trust services with offices in Washington, Oregon, and Idaho. The firm offers various products and services under Personal Banking, Business Banking, and Wealth Management divisions.
52GF Score
Get the complete analysis for FRA:CM6
Sloan Ratio % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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