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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.
LeMaitre Vascular's Sloan Ratio for the quarter that ended in Jun. 2026 was 7.99%.
As of Jun. 2026, LeMaitre Vascular has a Sloan Ratio of 7.99%, indicating the company is in the safe zone and there is no funny business with accruals.
LeMaitre Vascular (NAS:LMAT) 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 Jun. 2026, LeMaitre Vascular has a Sloan Ratio of 7.99%, indicating the company is in the safe zone and there is no funny business with accruals.
LeMaitre Vascular Sloan Ratio % Related Terms
LeMaitre Vascular Sloan Ratio % Historical Data
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The historical data trend for LeMaitre Vascular'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.
LMAT vs PLSE, XRAY, ATRC: Sloan Ratio % Comparison
For the Medical Instruments & Supplies subindustry, LeMaitre Vascular'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.
LeMaitre Vascular Sloan Ratio % vs Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, LeMaitre Vascular's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where LeMaitre Vascular'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.
LeMaitre Vascular's Sloan Ratio for the fiscal year that ended in Dec. 2025 is calculated as
LeMaitre Vascular's Net Income for the trailing twelve months (TTM) ended in Jun. 2026 was 17.362 (Sep. 2025 ) + 15.582 (Dec. 2025 ) + 15.679 (Mar. 2026 ) + 17.05 (Jun. 2026 ) = $65.7 Mil.
LeMaitre Vascular's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 was 28.764 (Sep. 2025 ) + 23.157 (Dec. 2025 ) + 15.093 (Mar. 2026 ) + 15.965 (Jun. 2026 ) = $83.0 Mil.
LeMaitre Vascular's Cash Flow from Investing for the trailing twelve months (TTM) ended in Jun. 2026 was -27.447 (Sep. 2025 ) + -16.825 (Dec. 2025 ) + -13.121 (Mar. 2026 ) + -11.078 (Jun. 2026 ) = $-68.5 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.
LeMaitre Vascular (LMAT) has a Sloan Ratio % of 7.99% as of Jun. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on LeMaitre Vascular and its competitors.
Is LeMaitre Vascular's Sloan Ratio % too high?
LeMaitre Vascular's current Sloan Ratio % is 7.99%. Overall, LeMaitre Vascular has a GF Score™ of 100/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does LeMaitre Vascular's Sloan Ratio % compare to PLSE and XRAY?
LeMaitre Vascular's Sloan Ratio % of 7.99% can be compared against companies in the Medical Devices & Instruments 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 Medical Devices & Instruments company?
A good Sloan Ratio % depends on the Medical Devices & Instruments 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 LeMaitre Vascular and its competitors. LeMaitre Vascular's current Sloan Ratio % is 7.99%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is LeMaitre Vascular stock overvalued right now?
Based on GuruFocus' analysis, LeMaitre Vascular (LMAT) is currently considered Modestly Undervalued. The stock's GF Value™ is $95.26, compared to a current price of $81.45 — trading 14.5% below its estimated fair value. The current Sloan Ratio % is 7.99%. LeMaitre Vascular's overall GF Score™ is 100/100. 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 LeMaitre Vascular (LMAT), the current Sloan Ratio % is 7.99% 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 LeMaitre Vascular (LMAT) Overvalued in 2026?
Based on GuruFocus' analysis, LeMaitre Vascular stock appears to be undervalued.
The current stock price of $81.45 is trading 14.5% below its estimated GF Value™ of $95.26.
GuruFocus considers LeMaitre Vascular to be Modestly Undervalued.
Key valuation signals for LMAT:
Sloan Ratio %: 7.99%
GF Value™: $95.26 vs. price of $81.45 (14.5% below fair value)
No single metric tells the full story. See the LMAT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
LeMaitre Vascular Inc is a provider of medical devices and human tissue cryopreservation services mainly used in the treatment of peripheral vascular disease, end-stage renal disease, and cardiovascular disease. The company develops, manufactures, and markets vascular devices to address the needs of vascular surgeons and, to a lesser extent, other specialties such as cardiac surgeons, general surgeons, and neurosurgeons. Its diversified portfolio consists of branded products used in arteries and veins that are well known to vascular surgeons. It operates across the Americas, Europe, the Middle East and Africa, and Asia Pacific, with the majority of its revenue generated from the Americas.
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