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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 Jun. 2026, Pangaea Logistics Solutions has a Sloan Ratio of -4.49%, indicating the company is in the safe zone and there is no funny business with accruals.
Pangaea Logistics Solutions (NAS:PANL) 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, Pangaea Logistics Solutions has a Sloan Ratio of -4.49%, indicating the company is in the safe zone and there is no funny business with accruals.
Pangaea Logistics Solutions Sloan Ratio % Related Terms
Pangaea Logistics Solutions 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.
PANL vs ESEA, CMDB, SHIP: Sloan Ratio % Comparison
For the Marine Shipping subindustry, Pangaea Logistics Solutions'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.
Pangaea Logistics Solutions Sloan Ratio % vs Transportation Industry
For the Transportation industry and Industrials sector, Pangaea Logistics Solutions's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Pangaea Logistics Solutions's Sloan Ratio % falls into.
Pangaea Logistics Solutions 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.
Pangaea Logistics Solutions's Net Income for the trailing twelve months (TTM) ended in Jun. 2026 was 12.208 (Sep. 2025 ) + 11.884 (Dec. 2025 ) + 13.294 (Mar. 2026 ) + 10.201 (Jun. 2026 ) = $47.6 Mil.
Pangaea Logistics Solutions's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 was 28.562 (Sep. 2025 ) + 15.125 (Dec. 2025 ) + 4.494 (Mar. 2026 ) + 21.384 (Jun. 2026 ) = $69.6 Mil.
Pangaea Logistics Solutions's Cash Flow from Investing for the trailing twelve months (TTM) ended in Jun. 2026 was 4.322 (Sep. 2025 ) + 9.5 (Dec. 2025 ) + -1.311 (Mar. 2026 ) + 8.42 (Jun. 2026 ) = $20.9 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.
Pangaea Logistics Solutions (PANL) has a Sloan Ratio % of -4.49% as of Jun. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Pangaea Logistics Solutions and its competitors.
Is Pangaea Logistics Solutions' Sloan Ratio % too high?
Pangaea Logistics Solutions' current Sloan Ratio % is -4.49%. Overall, Pangaea Logistics Solutions has a GF Score™ of 69/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Pangaea Logistics Solutions' Sloan Ratio % compare to ESEA and CMDB?
Pangaea Logistics Solutions' Sloan Ratio % of -4.49% can be compared against companies in the Transportation 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 Transportation company?
A good Sloan Ratio % depends on the Transportation 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 Pangaea Logistics Solutions and its competitors. Pangaea Logistics Solutions's current Sloan Ratio % is -4.49%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Pangaea Logistics Solutions stock overvalued right now?
Based on GuruFocus' analysis, Pangaea Logistics Solutions (PANL) is currently considered Modestly Overvalued. The stock's GF Value™ is $6.61, compared to a current price of $8.14 — trading 23.1% above its estimated fair value. The current Sloan Ratio % is -4.49%. Pangaea Logistics Solutions' overall GF Score™ is 69/100 with 7 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 Pangaea Logistics Solutions (PANL), the current Sloan Ratio % is -4.49% 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 Pangaea Logistics Solutions (PANL) Overvalued in 2026?
Based on GuruFocus' analysis, Pangaea Logistics Solutions stock appears to be overvalued.
The current stock price of $8.14 is trading 23.1% above its estimated GF Value™ of $6.61.
GuruFocus considers Pangaea Logistics Solutions to be Modestly Overvalued.
Key valuation signals for PANL:
Sloan Ratio %: -4.49%
GF Value™: $6.61 vs. price of $8.14 (23.1% above fair value)
No single metric tells the full story. See the PANL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Pangaea Logistics Solutions Ltd and its subsidiaries collectively, Pangaea or the Company, provide seaborne drybulk logistics and transportation services as well as terminal and stevedoring services. Pangaea utilizes its logistics expertise to service a broad base of industrial customers who require the transportation of a wide variety of dry bulk cargoes, including grains, coal, iron ore, pig iron, hot briquetted iron, bauxite, alumina, cement clinker, dolomite, and limestone. The Company's operating segments include the shipping segment: The Company's operating segments include the shipping segment and six terminal and stevedoring operating segments. The company operates in the USA, Germany, Canada, Singapore, the United Kingdom, and other countries, with maximum from the USA and others.
69GF Score
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