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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.
Mach Natural Resources LP (NYSE:MNR) 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 Jun. 2026, Mach Natural Resources LP has a Sloan Ratio of 14.37%, indicating there is a warning stage of accrual build up.
Mach Natural Resources LP Sloan Ratio % Related Terms
Mach Natural Resources 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 E&P subindustry, Mach Natural Resources 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.
Mach Natural Resources LP Sloan Ratio % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Mach Natural Resources LP's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Mach Natural Resources LP's Sloan Ratio % falls into.
Mach Natural Resources 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.
Mach Natural Resources LP's Sloan Ratio for the fiscal year that ended in Dec. 2025 is calculated as
Mach Natural Resources LP's Net Income for the trailing twelve months (TTM) ended in Jun. 2026 was -35.654 (Sep. 2025 ) + 216.075 (Dec. 2025 ) + -35.038 (Mar. 2026 ) + 98.213 (Jun. 2026 ) = $244 Mil.
Mach Natural Resources LP's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 was 105.547 (Sep. 2025 ) + 128.749 (Dec. 2025 ) + 170.313 (Mar. 2026 ) + 153.654 (Jun. 2026 ) = $558 Mil.
Mach Natural Resources LP's Cash Flow from Investing for the trailing twelve months (TTM) ended in Jun. 2026 was -595.976 (Sep. 2025 ) + -90.795 (Dec. 2025 ) + -60.973 (Mar. 2026 ) + -95.033 (Jun. 2026 ) = $-843 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.
Mach Natural Resources LP (MNR) has a Sloan Ratio % of 14.37% as of Jun. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Mach Natural Resources LP and its competitors.
Is Mach Natural Resources LP's Sloan Ratio % too high?
Mach Natural Resources LP's current Sloan Ratio % is 14.37%. Overall, Mach Natural Resources LP has a GF Score™ of 43/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Mach Natural Resources LP's Sloan Ratio % compare to NOG and TALO?
Mach Natural Resources LP's Sloan Ratio % of 14.37% 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 Mach Natural Resources LP and its competitors. Mach Natural Resources LP's current Sloan Ratio % is 14.37%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mach Natural Resources LP stock overvalued right now?
Based on GuruFocus' analysis, Mach Natural Resources LP (MNR) is currently considered Fairly Valued. The stock's GF Value™ is $13.26, compared to a current price of $12.40 — trading 6.5% below its estimated fair value. The current Sloan Ratio % is 14.37%. Mach Natural Resources LP's overall GF Score™ is 43/100 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 Mach Natural Resources LP (MNR), the current Sloan Ratio % is 14.37% as of Jun. 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 Mach Natural Resources LP (MNR) Overvalued in 2026?
Based on GuruFocus' analysis, Mach Natural Resources LP stock appears to be undervalued.
The current stock price of $12.40 is trading 6.5% below its estimated GF Value™ of $13.26.
GuruFocus considers Mach Natural Resources LP to be Fairly Valued.
Key valuation signals for MNR:
Sloan Ratio %: 14.37%
GF Value™: $13.26 vs. price of $12.40 (6.5% below fair value)
No single metric tells the full story. See the MNR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Mach Natural Resources LP is an independent upstream oil and gas company. The company is focused on the acquisition, development and production of oil, natural gas, and NGL reserves in the Anadarko Basin region of Western Oklahoma, Southern Kansas and the panhandle of Texas; the San Juan Basin region of New Mexico and Colorado; and the Permian Basin region of West Texas. The company is organized and managed as a single reportable segment, which is the exploration and production of oil, natural gas and NGLs (E&P Segment).
43GF Score
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