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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.
Cavendish Hydrogen ASA's Sloan Ratio for the quarter that ended in Mar. 2026 was -11.99%.
As of Mar. 2026, Cavendish Hydrogen ASA has a Sloan Ratio of -11.99%, indicating there is a warning stage of accrual build up.
Cavendish Hydrogen ASA (FRA:V07) 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, Cavendish Hydrogen ASA has a Sloan Ratio of -11.99%, indicating there is a warning stage of accrual build up.
Cavendish Hydrogen ASA Sloan Ratio % Related Terms
Cavendish Hydrogen ASA 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.
For the Utilities - Regulated Gas subindustry, Cavendish Hydrogen 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.
Cavendish Hydrogen ASA Sloan Ratio % vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Cavendish Hydrogen ASA's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Cavendish Hydrogen 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.
Cavendish Hydrogen ASA's Sloan Ratio for the fiscal year that ended in Dec. 2025 is calculated as
Cavendish Hydrogen ASA's Net Income for the trailing twelve months (TTM) ended in Mar. 2026 was -5 (Jun. 2025 ) + -5.8 (Sep. 2025 ) + -6.3 (Dec. 2025 ) + -6.1 (Mar. 2026 ) = €-23.20 Mil.
Cavendish Hydrogen ASA's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was -4.4 (Jun. 2025 ) + -5 (Sep. 2025 ) + -2.4 (Dec. 2025 ) + -3.5 (Mar. 2026 ) = €-15.30 Mil.
Cavendish Hydrogen ASA's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2026 was -0.4 (Jun. 2025 ) + -0.3 (Sep. 2025 ) + -0.6 (Dec. 2025 ) + -0.2 (Mar. 2026 ) = €-1.50 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.
Cavendish Hydrogen ASA (FRA:V07) has a Sloan Ratio % of -11.99% as of Mar. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Cavendish Hydrogen ASA and its competitors.
Is Cavendish Hydrogen ASA's Sloan Ratio % too high?
Cavendish Hydrogen ASA's current Sloan Ratio % is -11.99%. Overall, Cavendish Hydrogen ASA has a GF Score™ of 19/100, reflecting its overall financial health beyond just this single metric.
How does Cavendish Hydrogen ASA's Sloan Ratio % compare to ATO and NI?
Cavendish Hydrogen ASA's Sloan Ratio % of -11.99% can be compared against companies in the Utilities - Regulated 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 - Regulated company?
A good Sloan Ratio % depends on the Utilities - Regulated 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 Cavendish Hydrogen ASA and its competitors. Cavendish Hydrogen ASA's current Sloan Ratio % is -11.99%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cavendish Hydrogen ASA stock overvalued right now?
Cavendish Hydrogen ASA (FRA:V07) has a current Sloan Ratio % of -11.99%. The current Sloan Ratio % is -11.99%. Cavendish Hydrogen ASA's overall GF Score™ is 19/100 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 Cavendish Hydrogen ASA (FRA:V07), the current Sloan Ratio % is -11.99% 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.
Cavendish Hydrogen ASA is a hydrogen fueling company that specializes in the development, production, marketing, sales, installation, commissioning and service of equipment for fueling hydrogen to on road vehicles. The company's core product is hydrogen fueling stations that provide fuel cell electric vehicles (FCEV) including cars, vans, buses and trucks with comparable fast fueling and long range as conventional vehicles today. Beside pure sales of the fueling stations the company offers services such as project execution, site engineering, installation, commissioning, operation support and service and maintenance for its own products. The company operates globally with offices in Denmark, USA, South Korea and Austria.
19GF Score
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