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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.
The Cooper's Sloan Ratio for the quarter that ended in Apr. 2026 was -2.62%.
As of Apr. 2026, The Cooper has a Sloan Ratio of -2.62%, indicating the company is in the safe zone and there is no funny business with accruals.
The Cooper (NAS:COO) 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 Apr. 2026, The Cooper has a Sloan Ratio of -2.62%, indicating the company is in the safe zone and there is no funny business with accruals.
The Cooper Sloan Ratio % Related Terms
The Cooper Sloan Ratio % Historical Data
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The historical data trend for The Cooper'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 Medical Instruments & Supplies subindustry, The Cooper'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.
The Cooper Sloan Ratio % vs Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, The Cooper's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where The Cooper'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.
The Cooper's Sloan Ratio for the fiscal year that ended in Oct. 2025 is calculated as
The Cooper's Net Income for the trailing twelve months (TTM) ended in Apr. 2026 was 98.3 (Jul. 2025 ) + 84.6 (Oct. 2025 ) + 130.8 (Jan. 2026 ) + -77.9 (Apr. 2026 ) = $236 Mil.
The Cooper's Cash Flow from Operations for the trailing twelve months (TTM) ended in Apr. 2026 was 261.4 (Jul. 2025 ) + 247.9 (Oct. 2025 ) + 260.9 (Jan. 2026 ) + 182.8 (Apr. 2026 ) = $953 Mil.
The Cooper's Cash Flow from Investing for the trailing twelve months (TTM) ended in Apr. 2026 was -98.1 (Jul. 2025 ) + -98.8 (Oct. 2025 ) + -102.9 (Jan. 2026 ) + -90 (Apr. 2026 ) = $-390 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.
The Cooper (COO) has a Sloan Ratio % of -2.62% as of Apr. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on The Cooper and its competitors.
Is The Cooper's Sloan Ratio % too high?
The Cooper's current Sloan Ratio % is -2.62%. Overall, The Cooper has a GF Score™ of 84/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does The Cooper's Sloan Ratio % compare to SOLV and ALGN?
The Cooper's Sloan Ratio % of -2.62% can be compared against companies in the Medical Devices & Instruments 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 Medical Devices & Instruments company?
A good Sloan Ratio % depends on the Medical Devices & Instruments 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 The Cooper and its competitors. The Cooper's current Sloan Ratio % is -2.62%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is The Cooper stock overvalued right now?
Based on GuruFocus' analysis, The Cooper (COO) is currently considered Modestly Undervalued. The stock's GF Value™ is $101.26, compared to a current price of $71.76 — trading 29.1% below its estimated fair value. The current Sloan Ratio % is -2.62%. The Cooper's overall GF Score™ is 84/100 with 3 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 The Cooper (COO), the current Sloan Ratio % is -2.62% as of Apr. 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 The Cooper (COO) Overvalued in 2026?
Based on GuruFocus' analysis, The Cooper stock appears to be undervalued.
The current stock price of $71.76 is trading 29.1% below its estimated GF Value™ of $101.26.
GuruFocus considers The Cooper to be Modestly Undervalued.
Key valuation signals for COO:
Sloan Ratio %: -2.62%
GF Value™: $101.26 vs. price of $71.76 (29.1% below fair value)
No single metric tells the full story. See the COO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
CooperCompanies is one of the largest eyecare companies in the US. It operates in two segments: CooperVision and CooperSurgical. CooperVision is a pure-play contact lens business with a suite of spherical, multifocal, and toric contact lenses. The company also has one of the most comprehensive specialty lens portfolios in the world. With brands including Proclear, Biofinity, MyDay, and Clariti, Cooper controls roughly one fourth of the US contact lens market. CooperSurgical, founded in 1990, is made up of equipment related to reproductive care, fertility, and women's care. Cooper has the broadest medical device coverage of the entire IVF cycle. It also has Paragard, the only hormone-free IUD in the US, and controls 17% of the US IUD market.
84GF Score
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