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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.
Lewis Group's Sloan Ratio for the quarter that ended in Mar. 2026 was 3.76%.
As of Mar. 2026, Lewis Group has a Sloan Ratio of 3.76%, indicating the company is in the safe zone and there is no funny business with accruals.
Lewis Group (OTCPK:LWSGF) 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, Lewis Group has a Sloan Ratio of 3.76%, indicating the company is in the safe zone and there is no funny business with accruals.
Lewis Group Sloan Ratio % Related Terms
Lewis Group Sloan Ratio % Historical Data
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The historical data trend for Lewis Group'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 Specialty Retail subindustry, Lewis Group'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.
Lewis Group Sloan Ratio % vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Lewis Group's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Lewis Group'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.
Lewis Group's Sloan Ratio for the fiscal year that ended in Mar. 2026 is calculated as
For company reported semi-annually, GuruFocus uses latest two semi-annual data as the TTM data.
Lewis Group's Net Income for the trailing twelve months (TTM) ended in Mar. 2026 was 18.364 (Sep. 2025 ) + 31.87 (Mar. 2026 ) = $50.23 Mil.
Lewis Group's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was -5.71 (Sep. 2025 ) + 40.658 (Mar. 2026 ) = $34.95 Mil.
Lewis Group's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2026 was -2.227 (Sep. 2025 ) + -3.039 (Mar. 2026 ) = $-5.27 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.
Lewis Group (LWSGF) has a Sloan Ratio % of 3.76% as of Mar. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Lewis Group and its competitors.
Is Lewis Group's Sloan Ratio % too high?
Lewis Group's current Sloan Ratio % is 3.76%. Overall, Lewis Group has a GF Score™ of 95/100, reflecting its overall financial health beyond just this single metric.
How does Lewis Group's Sloan Ratio % compare to CASY and WSM?
Lewis Group's Sloan Ratio % of 3.76% can be compared against companies in the Retail - Cyclical 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 Retail - Cyclical company?
A good Sloan Ratio % depends on the Retail - Cyclical 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 Lewis Group and its competitors. Lewis Group's current Sloan Ratio % is 3.76%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Lewis Group stock overvalued right now?
Lewis Group (LWSGF) has a current Sloan Ratio % of 3.76%. The current Sloan Ratio % is 3.76%. Lewis Group's overall GF Score™ is 95/100 with 4 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 Lewis Group (LWSGF), the current Sloan Ratio % is 3.76% 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.
Lewis Group Ltd is a South Africa-based retailer of household furniture and electrical appliances through its three trading brands, Lewis, Beares, and Best Home and Electric. Lewis sells a range of household furniture, electrical appliances, and home electronics to customers in the LSM 4 to 7 categories. Best Home and Electric is a retailer of electrical appliances, sound and vision equipment, and furniture, targeting LSM four to seven customers. Its operating segments are Traditional retail and Cash retail. The company generates majority of the revenue from Traditional retail segment. Beares is a retailer of upmarket furniture, electrical appliances, and home electronics to customers in the LSM 6 to 9 categories.
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