Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
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.
Canadian Solar's Sloan Ratio for the quarter that ended in Mar. 2026 was 8.25%.
As of Mar. 2026, Canadian Solar has a Sloan Ratio of 8.25%, indicating the company is in the safe zone and there is no funny business with accruals.
Canadian Solar (MEX:CSIQN) 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, Canadian Solar has a Sloan Ratio of 8.25%, indicating the company is in the safe zone and there is no funny business with accruals.
Canadian Solar Sloan Ratio % Related Terms
Canadian Solar Sloan Ratio % Historical Data
* Premium members only.
The historical data trend for Canadian Solar'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:CSIQN vs ARRY, JKS, SHLS: Sloan Ratio % Comparison
For the Solar subindustry, Canadian Solar'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.
Canadian Solar Sloan Ratio % vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Canadian Solar's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Canadian Solar'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.
Canadian Solar's Sloan Ratio for the fiscal year that ended in Dec. 2025 is calculated as
Canadian Solar's Net Income for the trailing twelve months (TTM) ended in Mar. 2026 was 135.514 (Jun. 2025 ) + 164.841 (Sep. 2025 ) + -1554.576 (Dec. 2025 ) + -578.723 (Mar. 2026 ) = MXN-1,833 Mil.
Canadian Solar's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was 3550.359 (Jun. 2025 ) + -2055.651 (Sep. 2025 ) + -1170.983 (Dec. 2025 ) + -3762.667 (Mar. 2026 ) = MXN-3,439 Mil.
Canadian Solar's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2026 was -8441.243 (Jun. 2025 ) + -5276.966 (Sep. 2025 ) + -5375.35 (Dec. 2025 ) + -2399.918 (Mar. 2026 ) = MXN-21,493 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.
Canadian Solar (MEX:CSIQN) has a Sloan Ratio % of 8.25% as of Mar. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Canadian Solar and its competitors.
Is Canadian Solar's Sloan Ratio % too high?
Canadian Solar's current Sloan Ratio % is 8.25%. Overall, Canadian Solar has a GF Score™ of 65/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Canadian Solar's Sloan Ratio % compare to ARRY and JKS?
Canadian Solar's Sloan Ratio % of 8.25% can be compared against companies in the Semiconductors 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 Semiconductors company?
A good Sloan Ratio % depends on the Semiconductors 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 Canadian Solar and its competitors. Canadian Solar's current Sloan Ratio % is 8.25%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Canadian Solar stock overvalued right now?
Based on GuruFocus' analysis, Canadian Solar (MEX:CSIQN) is currently considered Fairly Valued. The stock's GF Value™ is MXN255.81, compared to a current price of MXN272.63 — trading 6.6% above its estimated fair value. The current Sloan Ratio % is 8.25%. Canadian Solar's overall GF Score™ is 65/100 with 9 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 Canadian Solar (MEX:CSIQN), the current Sloan Ratio % is 8.25% 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 Canadian Solar (MEX:CSIQN) Overvalued in 2026?
Based on GuruFocus' analysis, Canadian Solar stock appears to be overvalued.
The current stock price of MXN272.63 is trading 6.6% above its estimated GF Value™ of MXN255.81.
GuruFocus considers Canadian Solar to be Fairly Valued.
Key valuation signals for MEX:CSIQN:
Sloan Ratio %: 8.25%
GF Value™: MXN255.81 vs. price of MXN272.63 (6.6% above fair value)
No single metric tells the full story. See the MEX:CSIQN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Canadian Solar Inc is a Canadian solar technology and renewable energy company. It is a manufacturer of solar photovoltaic modules, a provider of battery energy storage solutions, and a developer of utility-scale solar power and battery energy storage projects. The company is organized in two segments: Manufacturing segment, comprising CS PowerTech, which focuses on manufacturing and sales of solar products, battery energy storage products, and other power technology products for the U.S. market and CSI Solar, which serves all other world-wide markets; and Recurrent Energy segment, which focuses on solar power and battery storage project development, asset sales, power services, and electricity revenue from its operating portfolio. It derives maximum revenue from Manufacturing segment.
65GF Score
Get the complete analysis for MEX:CSIQN
Sloan Ratio % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
MEX:CSIQN has been successfully added to your 
