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.
J&J Snack Foods's Sloan Ratio for the quarter that ended in Mar. 2026 was -3.40%.
As of Mar. 2026, J&J Snack Foods has a Sloan Ratio of -3.40%, indicating the company is in the safe zone and there is no funny business with accruals.
J&J Snack Foods (NAS:JJSF) 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, J&J Snack Foods has a Sloan Ratio of -3.40%, indicating the company is in the safe zone and there is no funny business with accruals.
J&J Snack Foods Sloan Ratio % Related Terms
J&J Snack Foods Sloan Ratio % Historical Data
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The historical data trend for J&J Snack Foods'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.
For the Packaged Foods subindustry, J&J Snack Foods'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.
J&J Snack Foods Sloan Ratio % vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, J&J Snack Foods's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where J&J Snack Foods'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.
J&J Snack Foods's Sloan Ratio for the fiscal year that ended in Sep. 2025 is calculated as
J&J Snack Foods's Net Income for the trailing twelve months (TTM) ended in Mar. 2026 was 44.247 (Jun. 2025 ) + 11.381 (Sep. 2025 ) + 0.883 (Dec. 2025 ) + 1.677 (Mar. 2026 ) = $58 Mil.
J&J Snack Foods's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was 51.225 (Jun. 2025 ) + 66.429 (Sep. 2025 ) + 35.963 (Dec. 2025 ) + 15.679 (Mar. 2026 ) = $169 Mil.
J&J Snack Foods's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2026 was -10.522 (Jun. 2025 ) + -21.621 (Sep. 2025 ) + -18.146 (Dec. 2025 ) + -15.817 (Mar. 2026 ) = $-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.
J&J Snack Foods (JJSF) has a Sloan Ratio % of -3.40% as of Mar. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on J&J Snack Foods and its competitors.
Is J&J Snack Foods' Sloan Ratio % too high?
J&J Snack Foods' current Sloan Ratio % is -3.40%. Overall, J&J Snack Foods has a GF Score™ of 66/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does J&J Snack Foods' Sloan Ratio % compare to BRBR and HLF?
J&J Snack Foods' Sloan Ratio % of -3.40% can be compared against companies in the Consumer Packaged Goods 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 Consumer Packaged Goods company?
A good Sloan Ratio % depends on the Consumer Packaged Goods 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 J&J Snack Foods and its competitors. J&J Snack Foods's current Sloan Ratio % is -3.40%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is J&J Snack Foods stock overvalued right now?
Based on GuruFocus' analysis, J&J Snack Foods (JJSF) is currently considered Significantly Undervalued. The stock's GF Value™ is $143.49, compared to a current price of $75.93 — trading 47.1% below its estimated fair value. The current Sloan Ratio % is -3.40%. J&J Snack Foods' overall GF Score™ is 66/100 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 J&J Snack Foods (JJSF), the current Sloan Ratio % is -3.40% 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 J&J Snack Foods (JJSF) Overvalued in 2026?
Based on GuruFocus' analysis, J&J Snack Foods stock appears to be undervalued.
The current stock price of $75.93 is trading 47.1% below its estimated GF Value™ of $143.49.
GuruFocus considers J&J Snack Foods to be Significantly Undervalued.
Key valuation signals for JJSF:
Sloan Ratio %: -3.40%
GF Value™: $143.49 vs. price of $75.93 (47.1% below fair value)
No single metric tells the full story. See the JJSF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
J&J Snack Foods Corp. manufactures snack foods and distributes frozen beverages, which it markets nationally to the foodservice and retail supermarket industries. The company's portfolio of frozen beverages, frozen novelties, and baked goods includes soft pretzels, frozen juice treats and desserts, stuffed sandwiches, churros, funnel cakes, cookies, and other snack foods and drinks. It operates through three segments: Food Service, which sells snacks, desserts, and baked goods at the point of sale; Retail Supermarkets, which sells frozen and prepackaged products to supermarkets; and Frozen Beverages, which sells frozen beverages under the ICEE, Slush Puppie, and Parrot Ice brands in the United States, Mexico, and Canada. The majority of revenue comes from the Food Service segment.
66GF Score
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