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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.
Phibro Animal Health's Sloan Ratio for the quarter that ended in Mar. 2026 was 6.31%.
As of Mar. 2026, Phibro Animal Health has a Sloan Ratio of 6.31%, indicating the company is in the safe zone and there is no funny business with accruals.
Phibro Animal Health (NAS:PAHC) 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, Phibro Animal Health has a Sloan Ratio of 6.31%, indicating the company is in the safe zone and there is no funny business with accruals.
Phibro Animal Health Sloan Ratio % Related Terms
Phibro Animal Health Sloan Ratio % Historical Data
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The historical data trend for Phibro Animal Health'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.
PAHC vs PRGO, HROW, XERS: Sloan Ratio % Comparison
For the Drug Manufacturers - Specialty & Generic subindustry, Phibro Animal Health'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.
Phibro Animal Health Sloan Ratio % vs Drug Manufacturers Industry
For the Drug Manufacturers industry and Healthcare sector, Phibro Animal Health's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Phibro Animal Health'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.
Phibro Animal Health's Sloan Ratio for the fiscal year that ended in Jun. 2025 is calculated as
Phibro Animal Health's Net Income for the trailing twelve months (TTM) ended in Mar. 2026 was 17.224 (Jun. 2025 ) + 26.527 (Sep. 2025 ) + 27.459 (Dec. 2025 ) + 24.024 (Mar. 2026 ) = $95 Mil.
Phibro Animal Health's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was 21.272 (Jun. 2025 ) + 9.302 (Sep. 2025 ) + 19.352 (Dec. 2025 ) + 16.206 (Mar. 2026 ) = $66 Mil.
Phibro Animal Health's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2026 was -7.034 (Jun. 2025 ) + -21.014 (Sep. 2025 ) + -17.184 (Dec. 2025 ) + -16.806 (Mar. 2026 ) = $-62 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.
Phibro Animal Health (PAHC) has a Sloan Ratio % of 6.31% as of Mar. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Phibro Animal Health and its competitors.
Is Phibro Animal Health's Sloan Ratio % too high?
Phibro Animal Health's current Sloan Ratio % is 6.31%. Overall, Phibro Animal Health has a GF Score™ of 75/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Phibro Animal Health's Sloan Ratio % compare to PRGO and HROW?
Phibro Animal Health's Sloan Ratio % of 6.31% can be compared against companies in the Drug Manufacturers 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 Drug Manufacturers company?
A good Sloan Ratio % depends on the Drug Manufacturers 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 Phibro Animal Health and its competitors. Phibro Animal Health's current Sloan Ratio % is 6.31%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Phibro Animal Health stock overvalued right now?
Based on GuruFocus' analysis, Phibro Animal Health (PAHC) is currently considered Modestly Overvalued. The stock's GF Value™ is $29.54, compared to a current price of $34.26 — trading 16% above its estimated fair value. The current Sloan Ratio % is 6.31%. Phibro Animal Health's overall GF Score™ is 75/100 with 4 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 Phibro Animal Health (PAHC), the current Sloan Ratio % is 6.31% 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 Phibro Animal Health (PAHC) Overvalued in 2026?
Based on GuruFocus' analysis, Phibro Animal Health stock appears to be overvalued.
The current stock price of $34.26 is trading 16% above its estimated GF Value™ of $29.54.
GuruFocus considers Phibro Animal Health to be Modestly Overvalued.
Key valuation signals for PAHC:
Sloan Ratio %: 6.31%
GF Value™: $29.54 vs. price of $34.26 (16% above fair value)
No single metric tells the full story. See the PAHC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Phibro Animal Health Corp operates as a diversified animal health and mineral nutrition company. It develops, manufactures, and markets products for a range of food animals comprising poultry, swine, beef and dairy cattle, and aquaculture. The product portfolio of the company includes animal health products such as antibacterials, anticoccidials, nutritional specialty products and vaccines, and mineral nutrition products. The company operates through three segments, Animal Health, Mineral Nutrition, and Performance Products, of which key revenue is derived from the Animal Health segment which relates to the development, manufacturing, and marketing of antibacterials, nutritional specialty products, and vaccines. The entity sells its products in the U.S. and other international countries.
75GF Score
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