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.
lastminute.com NV's Sloan Ratio for the quarter that ended in Mar. 2026 was -2.48%.
As of Mar. 2026, lastminute.com NV has a Sloan Ratio of -2.48%, indicating the company is in the safe zone and there is no funny business with accruals.
lastminute.com NV (OTCPK:LSMNF) 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, lastminute.com NV has a Sloan Ratio of -2.48%, indicating the company is in the safe zone and there is no funny business with accruals.
lastminute.com NV Sloan Ratio % Related Terms
lastminute.com NV Sloan Ratio % Historical Data
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The historical data trend for lastminute.com NV'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.
LSMNF vs BKNG, ABNB, RCL: Sloan Ratio % Comparison
For the Travel Services subindustry, lastminute.com NV'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.
lastminute.com NV Sloan Ratio % vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, lastminute.com NV's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where lastminute.com NV'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.
lastminute.com NV's Sloan Ratio for the fiscal year that ended in Dec. 2025 is calculated as
lastminute.com NV's Net Income for the trailing twelve months (TTM) ended in Mar. 2026 was 1.481 (Jun. 2025 ) + 2.23 (Sep. 2025 ) + 2.225 (Dec. 2025 ) + 7.63 (Mar. 2026 ) = $13.6 Mil.
lastminute.com NV's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was 64.567 (Jun. 2025 ) + -53.615 (Sep. 2025 ) + -21.763 (Dec. 2025 ) + 52.717 (Mar. 2026 ) = $41.9 Mil.
lastminute.com NV's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2026 was -8.964 (Jun. 2025 ) + 2.549 (Sep. 2025 ) + -1.403 (Dec. 2025 ) + -4.393 (Mar. 2026 ) = $-12.2 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.
lastminute.com NV (LSMNF) has a Sloan Ratio % of -2.48% as of Mar. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on lastminute.com NV and its competitors.
Is lastminute.com NV's Sloan Ratio % too high?
lastminute.com NV's current Sloan Ratio % is -2.48%. Overall, lastminute.com NV has a GF Score™ of 76/100, reflecting its overall financial health beyond just this single metric.
How does lastminute.com NV's Sloan Ratio % compare to BKNG and ABNB?
lastminute.com NV's Sloan Ratio % of -2.48% can be compared against companies in the Travel & Leisure 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 Travel & Leisure company?
A good Sloan Ratio % depends on the Travel & Leisure 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 lastminute.com NV and its competitors. lastminute.com NV's current Sloan Ratio % is -2.48%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is lastminute.com NV stock overvalued right now?
lastminute.com NV (LSMNF) has a current Sloan Ratio % of -2.48%. The stock's GF Value™ is $34.12, compared to a current price of $19.92 — trading 41.6% below its estimated fair value. The current Sloan Ratio % is -2.48%. lastminute.com NV's overall GF Score™ is 76/100 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 lastminute.com NV (LSMNF), the current Sloan Ratio % is -2.48% 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 lastminute.com NV (LSMNF) Overvalued in 2026?
Based on GuruFocus' analysis, lastminute.com NV stock appears to be undervalued.
The current stock price of $19.92 is trading 41.6% below its estimated GF Value™ of $34.12.
Key valuation signals for LSMNF:
Sloan Ratio %: -2.48%
GF Value™: $34.12 vs. price of $19.92 (41.6% below fair value)
No single metric tells the full story. See the LSMNF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
lastminute.com N.V. is an online travel group operating as a digital, asset-light platform and virtual tour operator, focused on designing, delivering, and taking responsibility for curated, integrated travel experiences. Its offerings include dynamic holiday packages, flights, hotels, and additional services such as car rentals, experiences, protection products, and deferred payment options, supported by proprietary technology that combines flights, hotels, and ancillary services in real time. The Group operates through key segments, including Packages, Flights, and Hotels, with the Packages segment generating the maximum revenue through bundled travel offerings where the Group is responsible for service fulfillment. Geographically, the UK generates the highest revenue.
76GF Score
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