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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.
Matrix Service Co's Sloan Ratio for the quarter that ended in Mar. 2026 was -10.85%.
As of Mar. 2026, Matrix Service Co has a Sloan Ratio of -10.85%, indicating there is a warning stage of accrual build up.
Matrix Service Co (FRA:MX2) 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 Mar. 2026, Matrix Service Co has a Sloan Ratio of -10.85%, indicating there is a warning stage of accrual build up.
Matrix Service Co Sloan Ratio % Related Terms
Matrix Service Co Sloan Ratio % Historical Data
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The historical data trend for Matrix Service Co'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:MX2 vs ESOA, PHOE, BWMN: Sloan Ratio % Comparison
For the Engineering & Construction subindustry, Matrix Service Co'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.
Matrix Service Co Sloan Ratio % vs Construction Industry
For the Construction industry and Industrials sector, Matrix Service Co's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Matrix Service Co'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.
Matrix Service Co's Sloan Ratio for the fiscal year that ended in Jun. 2025 is calculated as
Matrix Service Co's Net Income for the trailing twelve months (TTM) ended in Mar. 2026 was -9.773 (Jun. 2025 ) + -3.121 (Sep. 2025 ) + -0.763 (Dec. 2025 ) + 0.722 (Mar. 2026 ) = €-12.9 Mil.
Matrix Service Co's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was 35.294 (Jun. 2025 ) + -22.066 (Sep. 2025 ) + 6.366 (Dec. 2025 ) + 29.55 (Mar. 2026 ) = €49.1 Mil.
Matrix Service Co's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2026 was -1.957 (Jun. 2025 ) + -1.524 (Sep. 2025 ) + -0.781 (Dec. 2025 ) + 0.071 (Mar. 2026 ) = €-4.2 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.
Matrix Service Co (FRA:MX2) has a Sloan Ratio % of -10.85% as of Mar. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Matrix Service Co and its competitors.
Is Matrix Service Co's Sloan Ratio % too high?
Matrix Service Co's current Sloan Ratio % is -10.85%. Overall, Matrix Service Co has a GF Score™ of 72/100, reflecting its overall financial health beyond just this single metric.
How does Matrix Service Co's Sloan Ratio % compare to ESOA and PHOE?
Matrix Service Co's Sloan Ratio % of -10.85% can be compared against companies in the Construction 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 Construction company?
A good Sloan Ratio % depends on the Construction 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 Matrix Service Co and its competitors. Matrix Service Co's current Sloan Ratio % is -10.85%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Matrix Service Co stock overvalued right now?
Matrix Service Co (FRA:MX2) has a current Sloan Ratio % of -10.85%. The stock's GF Value™ is €10.67, compared to a current price of €10.00 — trading 6.3% below its estimated fair value. The current Sloan Ratio % is -10.85%. Matrix Service Co's overall GF Score™ is 72/100 with 3 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 Matrix Service Co (FRA:MX2), the current Sloan Ratio % is -10.85% as of Mar. 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 Matrix Service Co (FRA:MX2) Overvalued in 2026?
Based on GuruFocus' analysis, Matrix Service Co stock appears to be undervalued.
The current stock price of €10.00 is trading 6.3% below its estimated GF Value™ of €10.67.
Key valuation signals for FRA:MX2:
Sloan Ratio %: -10.85%
GF Value™: €10.67 vs. price of €10.00 (6.3% below fair value)
No single metric tells the full story. See the FRA:MX2 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Matrix Service Co provides engineering, fabrication, construction, maintenance, and repair services prominently to the energy and industrial markets. The company operates through three main segments: Storage and Terminal Solutions, Utility and Power Infrastructure, and Process and Industrial Facilities. These segments cover services like building and maintaining storage tanks and terminals, supporting power delivery and new power generation projects including renewables, as well as plant maintenance and turnarounds for refining and petrochemical industries. Matrix generates revenue by delivering these services to clients in oil, gas, power, and petrochemical sectors across North America and internationally.
72GF 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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