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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.
Star Holdings's Sloan Ratio for the quarter that ended in Mar. 2026 was -12.60%.
As of Mar. 2026, Star Holdings has a Sloan Ratio of -12.60%, indicating there is a warning stage of accrual build up.
Star Holdings (NAS:STHO) 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, Star Holdings has a Sloan Ratio of -12.60%, indicating there is a warning stage of accrual build up.
Star Holdings Sloan Ratio % Related Terms
Star Holdings Sloan Ratio % Historical Data
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The historical data trend for Star Holdings'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.
STHO vs CNXX, CPTP, ASPS: Sloan Ratio % Comparison
For the Real Estate Services subindustry, Star Holdings'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.
Star Holdings Sloan Ratio % vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Star Holdings's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Star Holdings'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.
Star Holdings's Sloan Ratio for the fiscal year that ended in Dec. 2025 is calculated as
Star Holdings's Net Income for the trailing twelve months (TTM) ended in Mar. 2026 was -39.308 (Jun. 2025 ) + 1.799 (Sep. 2025 ) + -19.136 (Dec. 2025 ) + -10.257 (Mar. 2026 ) = $-66.90 Mil.
Star Holdings's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was -2.64 (Jun. 2025 ) + 5.308 (Sep. 2025 ) + -8 (Dec. 2025 ) + -8.398 (Mar. 2026 ) = $-13.73 Mil.
Star Holdings's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2026 was 3.873 (Jun. 2025 ) + -13.911 (Sep. 2025 ) + 16.771 (Dec. 2025 ) + 0.626 (Mar. 2026 ) = $7.36 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.
Star Holdings (STHO) has a Sloan Ratio % of -12.60% as of Mar. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Star Holdings and its competitors.
Is Star Holdings' Sloan Ratio % too high?
Star Holdings' current Sloan Ratio % is -12.60%. Overall, Star Holdings has a GF Score™ of 55/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Star Holdings' Sloan Ratio % compare to CNXX and CPTP?
Star Holdings' Sloan Ratio % of -12.60% can be compared against companies in the Real Estate 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 Real Estate company?
A good Sloan Ratio % depends on the Real Estate 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 Star Holdings and its competitors. Star Holdings's current Sloan Ratio % is -12.60%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Star Holdings stock overvalued right now?
Based on GuruFocus' analysis, Star Holdings (STHO) is currently considered Fairly Valued. The stock's GF Value™ is $9.39, compared to a current price of $9.13 — trading 2.8% below its estimated fair value. The current Sloan Ratio % is -12.60%. Star Holdings' overall GF Score™ is 55/100 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 Star Holdings (STHO), the current Sloan Ratio % is -12.60% 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 Star Holdings (STHO) Overvalued in 2026?
Based on GuruFocus' analysis, Star Holdings stock appears to be undervalued.
The current stock price of $9.13 is trading 2.8% below its estimated GF Value™ of $9.39.
GuruFocus considers Star Holdings to be Fairly Valued.
Key valuation signals for STHO:
Sloan Ratio %: -12.60%
GF Value™: $9.39 vs. price of $9.13 (2.8% below fair value)
No single metric tells the full story. See the STHO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Star Holdings engages in non-ground lease-related businesses, including real estate finance, operating properties, and land and development. Its portfolio is comprised of its interests in Asbury and Magnolia Green residential development projects, a portfolio of commercial real estate properties, and loans that are being marketed for sale. The Company operates its business through one reportable and operating segment that focuses on realizing value for shareholders by generating cash flows through active asset management and sales of its existing loans, operating properties, and land and development properties.
55GF Score
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