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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.
Fuel Tech's Sloan Ratio for the quarter that ended in Jun. 2026 was -1.42%.
As of Jun. 2026, Fuel Tech has a Sloan Ratio of -1.42%, indicating the company is in the safe zone and there is no funny business with accruals.
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, Fuel Tech has a Sloan Ratio of -1.42%, indicating the company is in the safe zone and there is no funny business with accruals.
Fuel Tech Sloan Ratio % Related Terms
Fuel Tech Sloan Ratio % Historical Data
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The historical data trend for Fuel Tech'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.
FTEK vs SCWO, BCHT, CLIR: Sloan Ratio % Comparison
For the Pollution & Treatment Controls subindustry, Fuel Tech'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.
Fuel Tech Sloan Ratio % vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Fuel Tech's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Fuel Tech'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.
Fuel Tech's Sloan Ratio for the fiscal year that ended in Dec. 2025 is calculated as
Fuel Tech's Net Income for the trailing twelve months (TTM) ended in Jun. 2026 was 0.303 (Sep. 2025 ) + -1.199 (Dec. 2025 ) + -1.355 (Mar. 2026 ) + -1.23 (Jun. 2026 ) = $-3.48 Mil.
Fuel Tech's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 was 3.096 (Sep. 2025 ) + -1.567 (Dec. 2025 ) + -0.847 (Mar. 2026 ) + -0.894 (Jun. 2026 ) = $-0.21 Mil.
Fuel Tech's Cash Flow from Investing for the trailing twelve months (TTM) ended in Jun. 2026 was 0.065 (Sep. 2025 ) + -0.22 (Dec. 2025 ) + -1.914 (Mar. 2026 ) + -0.588 (Jun. 2026 ) = $-2.66 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.
Fuel Tech (FTEK) has a Sloan Ratio % of -1.42% as of Jun. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Fuel Tech and its competitors.
Is Fuel Tech's Sloan Ratio % too high?
Fuel Tech's current Sloan Ratio % is -1.42%. Overall, Fuel Tech has a GF Score™ of 65/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Fuel Tech's Sloan Ratio % compare to SCWO and BCHT?
Fuel Tech's Sloan Ratio % of -1.42% can be compared against companies in the Industrial Products 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 Industrial Products company?
A good Sloan Ratio % depends on the Industrial Products 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 Fuel Tech and its competitors. Fuel Tech's current Sloan Ratio % is -1.42%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fuel Tech stock overvalued right now?
Based on GuruFocus' analysis, Fuel Tech (FTEK) is currently considered Modestly Overvalued. The stock's GF Value™ is $1.16, compared to a current price of $1.43 — trading 22.8% above its estimated fair value. The current Sloan Ratio % is -1.42%. Fuel Tech's overall GF Score™ is 65/100 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 Fuel Tech (FTEK), the current Sloan Ratio % is -1.42% 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 Fuel Tech (FTEK) Overvalued in 2026?
Based on GuruFocus' analysis, Fuel Tech stock appears to be overvalued.
The current stock price of $1.43 is trading 22.8% above its estimated GF Value™ of $1.16.
GuruFocus considers Fuel Tech to be Modestly Overvalued.
Key valuation signals for FTEK:
Sloan Ratio %: -1.42%
GF Value™: $1.16 vs. price of $1.43 (22.8% above fair value)
No single metric tells the full story. See the FTEK stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Fuel Tech Inc is a technology provider of boiler optimization, efficiency improvement, and air pollution reduction to utility and industrial customers. The company operates in two segments, Air Pollution Control and Fuel Chem. The Air Pollution Control technology segment includes technologies to reduce NOx emissions in flue gas from boilers, incinerators, furnaces, and other stationary combustion sources. The Fuel Chem technology segment uses chemical processes in combination with Computational Fluid Dynamics and Chemical Kinetics Modeling for boiler modeling for the control of slagging, fouling, corrosion, opacity and other sulfur trioxide-related issues in furnaces and boilers through the addition of chemicals into the furnace using TIFI Targeted In-Furnace Injection technology.
65GF Score
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