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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.
MindWalk Holdings's Sloan Ratio for the quarter that ended in Apr. 2026 was -70.16%.
Warning Sign:
When sloan ratio (-70.32)% higher than 25% or lower than -25%, earnings are more likely to be made up of accruals.
As of Apr. 2026, MindWalk Holdings has a Sloan Ratio of -70.16%, indicating earnings are more likely to be made up of accruals.
MindWalk Holdings (NAS:HYFT) 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 Apr. 2026, MindWalk Holdings has a Sloan Ratio of -70.16%, indicating earnings are more likely to be made up of accruals.
MindWalk Holdings Sloan Ratio % Related Terms
MindWalk Holdings Sloan Ratio % Historical Data
* Premium members only.
The historical data trend for MindWalk Holdings'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.
HYFT vs PMVP, INMB, ALPS: Sloan Ratio % Comparison
For the Biotechnology subindustry, MindWalk Holdings'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.
MindWalk Holdings Sloan Ratio % vs Biotechnology Industry
For the Biotechnology industry and Healthcare sector, MindWalk Holdings's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where MindWalk Holdings'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.
MindWalk Holdings's Sloan Ratio for the fiscal year that ended in Apr. 2026 is calculated as
MindWalk Holdings's Net Income for the trailing twelve months (TTM) ended in Apr. 2026 was -2.161 (Jul. 2025 ) + -2.284 (Oct. 2025 ) + -2.854 (Jan. 2026 ) + -2.81 (Apr. 2026 ) = $-10.11 Mil.
MindWalk Holdings's Cash Flow from Operations for the trailing twelve months (TTM) ended in Apr. 2026 was -3.077 (Jul. 2025 ) + -2.052 (Oct. 2025 ) + -2.158 (Jan. 2026 ) + -1.751 (Apr. 2026 ) = $-9.04 Mil.
MindWalk Holdings's Cash Flow from Investing for the trailing twelve months (TTM) ended in Apr. 2026 was -0.434 (Jul. 2025 ) + -0.053 (Oct. 2025 ) + 10.329 (Jan. 2026 ) + -0.008 (Apr. 2026 ) = $9.83 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.
MindWalk Holdings (HYFT) has a Sloan Ratio % of -70.16% as of Apr. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on MindWalk Holdings and its competitors.
Is MindWalk Holdings' Sloan Ratio % too high?
MindWalk Holdings' current Sloan Ratio % is -70.16%. Overall, MindWalk Holdings has a GF Score™ of 45/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does MindWalk Holdings' Sloan Ratio % compare to PMVP and INMB?
MindWalk Holdings' Sloan Ratio % of -70.16% can be compared against companies in the Biotechnology 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 Biotechnology company?
A good Sloan Ratio % depends on the Biotechnology 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 MindWalk Holdings and its competitors. MindWalk Holdings's current Sloan Ratio % is -70.16%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MindWalk Holdings stock overvalued right now?
Based on GuruFocus' analysis, MindWalk Holdings (HYFT) is currently considered Significantly Overvalued. The stock's GF Value™ is $1.00, compared to a current price of $1.35 — trading 35% above its estimated fair value. The current Sloan Ratio % is -70.16%. MindWalk Holdings' overall GF Score™ is 45/100 with 5 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 MindWalk Holdings (HYFT), the current Sloan Ratio % is -70.16% as of Apr. 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 MindWalk Holdings (HYFT) Overvalued in 2026?
Based on GuruFocus' analysis, MindWalk Holdings stock appears to be overvalued.
The current stock price of $1.35 is trading 35% above its estimated GF Value™ of $1.00.
GuruFocus considers MindWalk Holdings to be Significantly Overvalued.
Key valuation signals for HYFT:
Sloan Ratio %: -70.16%
GF Value™: $1.00 vs. price of $1.35 (35% above fair value)
No single metric tells the full story. See the HYFT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
MindWalk Holdings Corp is a Bio-Native AI company transforming drug discovery and development. Powered by patented HYFT technology and the LensAI platform, MindWalk unifies sequence, structure, function, and literature into a single computational language and closes the loop with an integrated, full-stack wet lab. The platform supports rapid epitope mapping, de novo molecular design, in silico vaccine exploration, and population-scale biologics analytics that help turn insights into validated candidates at speed.
45GF Score
Get the complete analysis for HYFT
Sloan Ratio % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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