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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.
AST SpaceMobile's Sloan Ratio for the quarter that ended in Mar. 2026 was 23.43%.
Warning Sign:
When sloan ratio (25.34)% higher than 25% or lower than -25%, earnings are more likely to be made up of accruals.
As of Mar. 2026, AST SpaceMobile has a Sloan Ratio of 23.43%, indicating earnings are more likely to be made up of accruals.
AST SpaceMobile (MEX:ASTS) 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, AST SpaceMobile has a Sloan Ratio of 23.43%, indicating earnings are more likely to be made up of accruals.
AST SpaceMobile Sloan Ratio % Related Terms
AST SpaceMobile Sloan Ratio % Historical Data
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The historical data trend for AST SpaceMobile'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.
MEX:ASTS vs ZBRA, VIAV, AAOI: Sloan Ratio % Comparison
For the Communication Equipment subindustry, AST SpaceMobile'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.
AST SpaceMobile Sloan Ratio % vs Hardware Industry
For the Hardware industry and Technology sector, AST SpaceMobile's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where AST SpaceMobile'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.
AST SpaceMobile's Sloan Ratio for the fiscal year that ended in Dec. 2025 is calculated as
AST SpaceMobile's Net Income for the trailing twelve months (TTM) ended in Mar. 2026 was -1871.51 (Jun. 2025 ) + -2254.025 (Sep. 2025 ) + -1331.81 (Dec. 2025 ) + -3444.462 (Mar. 2026 ) = MXN-8,902 Mil.
AST SpaceMobile's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was -818.656 (Jun. 2025 ) + -1182.504 (Sep. 2025 ) + 1169.812 (Dec. 2025 ) + -866.615 (Mar. 2026 ) = MXN-1,698 Mil.
AST SpaceMobile's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2026 was -5840.178 (Jun. 2025 ) + -4886.601 (Sep. 2025 ) + -15199.188 (Dec. 2025 ) + -6839.136 (Mar. 2026 ) = MXN-32,765 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.
AST SpaceMobile (MEX:ASTS) has a Sloan Ratio % of 23.43% as of Mar. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on AST SpaceMobile and its competitors.
Is AST SpaceMobile's Sloan Ratio % too high?
AST SpaceMobile's current Sloan Ratio % is 23.43%. Overall, AST SpaceMobile has a GF Score™ of 23/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does AST SpaceMobile's Sloan Ratio % compare to ZBRA and VIAV?
AST SpaceMobile's Sloan Ratio % of 23.43% can be compared against companies in the Hardware 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 Hardware company?
A good Sloan Ratio % depends on the Hardware 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 AST SpaceMobile and its competitors. AST SpaceMobile's current Sloan Ratio % is 23.43%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is AST SpaceMobile stock overvalued right now?
Based on GuruFocus' analysis, AST SpaceMobile (MEX:ASTS) is currently considered Possible Value Trap. The stock's GF Value™ is MXN8,656.26, compared to a current price of MXN1,016.74 — trading 88.3% below its estimated fair value. The current Sloan Ratio % is 23.43%. AST SpaceMobile's overall GF Score™ is 23/100 with 6 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 AST SpaceMobile (MEX:ASTS), the current Sloan Ratio % is 23.43% 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 AST SpaceMobile (MEX:ASTS) Overvalued in 2026?
Based on GuruFocus' analysis, AST SpaceMobile stock appears to be undervalued.
The current stock price of MXN1,016.74 is trading 88.3% below its estimated GF Value™ of MXN8,656.26.
GuruFocus considers AST SpaceMobile to be Possible Value Trap.
Key valuation signals for MEX:ASTS:
Sloan Ratio %: 23.43%
GF Value™: MXN8,656.26 vs. price of MXN1,016.74 (88.3% below fair value)
No single metric tells the full story. See the MEX:ASTS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
AST SpaceMobile Inc is currently designing, developing and manufacturing the constellation of BlueBird (BB) satellites and has begun launching its planned space-based Cellular Broadband network distributed through a constellation of low Earth orbit (LEO) satellites. The company is building a cellular broadband network in space to operate directly with standard, unmodified mobile devices, and off-the-shelf mobile phones based on extensive IP and patent portfolio. It has focused on eliminating the connectivity gaps faced by mobile subscribers. The Company's spaceMobile Service is being designed to provide cost-effective, high-speed Cellular Broadband services to end-users who are out of terrestrial cellular coverage using existing mobile devices.
23GF Score
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