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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.
As of Mar. 2026, Martin Midstream Partners LP has a Sloan Ratio of -3.74%, indicating the company is in the safe zone and there is no funny business with accruals.
Martin Midstream Partners LP (NAS:MMLP) 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, Martin Midstream Partners LP has a Sloan Ratio of -3.74%, indicating the company is in the safe zone and there is no funny business with accruals.
Martin Midstream Partners LP Sloan Ratio % Related Terms
Martin Midstream Partners LP Sloan Ratio % Historical Data
* 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 Oil & Gas Midstream subindustry, Martin Midstream Partners LP'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.
Martin Midstream Partners LP Sloan Ratio % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Martin Midstream Partners LP's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Martin Midstream Partners LP's Sloan Ratio % falls into.
Martin Midstream Partners LP Sloan Ratio % Calculation
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.
Martin Midstream Partners LP's Net Income for the trailing twelve months (TTM) ended in Mar. 2026 was -2.407 (Jun. 2025 ) + -8.412 (Sep. 2025 ) + -2.893 (Dec. 2025 ) + -6.76 (Mar. 2026 ) = $-20.5 Mil.
Martin Midstream Partners LP's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was 30.915 (Jun. 2025 ) + -1.213 (Sep. 2025 ) + 22.443 (Dec. 2025 ) + -13.777 (Mar. 2026 ) = $38.4 Mil.
Martin Midstream Partners LP's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2026 was -5.711 (Jun. 2025 ) + -10.476 (Sep. 2025 ) + -7.608 (Dec. 2025 ) + -14.931 (Mar. 2026 ) = $-38.7 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.
Martin Midstream Partners LP (MMLP) has a Sloan Ratio % of -3.74% as of Mar. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Martin Midstream Partners LP and its competitors.
Is Martin Midstream Partners LP's Sloan Ratio % too high?
Martin Midstream Partners LP's current Sloan Ratio % is -3.74%. Overall, Martin Midstream Partners LP has a GF Score™ of 53/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Martin Midstream Partners LP's Sloan Ratio % compare to NFE and PXS?
Martin Midstream Partners LP's Sloan Ratio % of -3.74% can be compared against companies in the Oil & Gas 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 an Oil & Gas company?
A good Sloan Ratio % depends on the Oil & Gas 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 Martin Midstream Partners LP and its competitors. Martin Midstream Partners LP's current Sloan Ratio % is -3.74%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Martin Midstream Partners LP stock overvalued right now?
Based on GuruFocus' analysis, Martin Midstream Partners LP (MMLP) is currently considered Modestly Undervalued. The stock's GF Value™ is $2.72, compared to a current price of $2.39 — trading 12.1% below its estimated fair value. The current Sloan Ratio % is -3.74%. Martin Midstream Partners LP's overall GF Score™ is 53/100 with 5 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 Martin Midstream Partners LP (MMLP), the current Sloan Ratio % is -3.74% 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 Martin Midstream Partners LP (MMLP) Overvalued in 2026?
Based on GuruFocus' analysis, Martin Midstream Partners LP stock appears to be undervalued.
The current stock price of $2.39 is trading 12.1% below its estimated GF Value™ of $2.72.
GuruFocus considers Martin Midstream Partners LP to be Modestly Undervalued.
Key valuation signals for MMLP:
Sloan Ratio %: -3.74%
GF Value™: $2.72 vs. price of $2.39 (12.1% below fair value)
No single metric tells the full story. See the MMLP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Martin Midstream Partners LP has a diverse set of operations focused on the United States Gulf Coast region. The company's business lines include terminalling, processing, storage, and packaging services for petroleum products and by-products, including the refining of naphthenic crude oil; land and marine transportation services for petroleum products and by-products, chemicals, and specialty products; sulfur and sulfur-based products processing, manufacturing, marketing, and distribution; and natural gas liquids marketing, distribution and transportation services. The company operates in four segment Terminalling and storage, Transportation, Sulfur service, and Specialty products segment. The majority of the revenue is derived from the Specialty products segment.
53GF Score
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Sloan Ratio % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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