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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.
NRG Energy's Sloan Ratio for the quarter that ended in Jun. 2026 was 18.86%.
As of Jun. 2026, NRG Energy has a Sloan Ratio of 18.86%, indicating there is a warning stage of accrual build up.
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, NRG Energy has a Sloan Ratio of 18.86%, indicating there is a warning stage of accrual build up.
NRG Energy Sloan Ratio % Related Terms
NRG Energy Sloan Ratio % Historical Data
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The historical data trend for NRG Energy'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:NRA vs TLN, OKLO, KEN: Sloan Ratio % Comparison
For the Utilities - Independent Power Producers subindustry, NRG Energy'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.
NRG Energy Sloan Ratio % vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, NRG Energy's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where NRG Energy'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.
NRG Energy's Sloan Ratio for the fiscal year that ended in Dec. 2025 is calculated as
NRG Energy's Net Income for the trailing twelve months (TTM) ended in Jun. 2026 was 129.504 (Sep. 2025 ) + 56.364 (Dec. 2025 ) + 108.125 (Mar. 2026 ) + 439.208 (Jun. 2026 ) = €733 Mil.
NRG Energy's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 was 412.368 (Sep. 2025 ) + 105.042 (Dec. 2025 ) + -146.185 (Mar. 2026 ) + 969.556 (Jun. 2026 ) = €1,341 Mil.
NRG Energy's Cash Flow from Investing for the trailing twelve months (TTM) ended in Jun. 2026 was -219.816 (Sep. 2025 ) + -254.492 (Dec. 2025 ) + -6117.28 (Mar. 2026 ) + -552.916 (Jun. 2026 ) = €-7,145 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.
NRG Energy (FRA:NRA) has a Sloan Ratio % of 18.86% as of Jun. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on NRG Energy and its competitors.
Is NRG Energy's Sloan Ratio % too high?
NRG Energy's current Sloan Ratio % is 18.86%. Overall, NRG Energy has a GF Score™ of 82/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does NRG Energy's Sloan Ratio % compare to TLN and OKLO?
NRG Energy's Sloan Ratio % of 18.86% can be compared against companies in the Utilities - Independent Power Producers 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 an Utilities - Independent Power Producers company?
A good Sloan Ratio % depends on the Utilities - Independent Power Producers 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 NRG Energy and its competitors. NRG Energy's current Sloan Ratio % is 18.86%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NRG Energy stock overvalued right now?
Based on GuruFocus' analysis, NRG Energy (FRA:NRA) is currently considered Modestly Undervalued. The stock's GF Value™ is €103.44, compared to a current price of €92.62 — trading 10.5% below its estimated fair value. The current Sloan Ratio % is 18.86%. NRG Energy's overall GF Score™ is 82/100 with 9 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 NRG Energy (FRA:NRA), the current Sloan Ratio % is 18.86% 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 NRG Energy (FRA:NRA) Overvalued in 2026?
Based on GuruFocus' analysis, NRG Energy stock appears to be undervalued.
The current stock price of €92.62 is trading 10.5% below its estimated GF Value™ of €103.44.
GuruFocus considers NRG Energy to be Modestly Undervalued.
Key valuation signals for FRA:NRA:
Sloan Ratio %: 18.86%
GF Value™: €103.44 vs. price of €92.62 (10.5% below fair value)
No single metric tells the full story. See the FRA:NRA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
NRG Energy is one of the largest retail energy providers in the US, with 6 million customers. Vivint Smart Home, which NRG acquired in 2023, has 2 million home-services customers. NRG also is one of the largest US independent power producers, with 26 gigawatts of coal, gas, and oil power generation capacity in Texas and the Eastern US. NRG exited Chapter 11 bankruptcy as a stand-alone entity in December 2003.
82GF Score
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