Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
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.
TransMedics Group's Sloan Ratio for the quarter that ended in Jun. 2026 was 4.96%.
As of Jun. 2026, TransMedics Group has a Sloan Ratio of 4.96%, indicating the company is in the safe zone and there is no funny business with accruals.
TransMedics Group (NAS:TMDX) 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, TransMedics Group has a Sloan Ratio of 4.96%, indicating the company is in the safe zone and there is no funny business with accruals.
TransMedics Group Sloan Ratio % Related Terms
TransMedics Group Sloan Ratio % Historical Data
* Premium members only.
The historical data trend for TransMedics Group'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.
TMDX vs ESTA, AXGN, NVCR: Sloan Ratio % Comparison
For the Medical Devices subindustry, TransMedics Group'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.
TransMedics Group Sloan Ratio % vs Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, TransMedics Group's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where TransMedics Group'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.
TransMedics Group's Sloan Ratio for the fiscal year that ended in Dec. 2025 is calculated as
TransMedics Group's Net Income for the trailing twelve months (TTM) ended in Jun. 2026 was 24.319 (Sep. 2025 ) + 105.383 (Dec. 2025 ) + 7.315 (Mar. 2026 ) + 14.682 (Jun. 2026 ) = $151.7 Mil.
TransMedics Group's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 was 69.573 (Sep. 2025 ) + 34.513 (Dec. 2025 ) + 24.533 (Mar. 2026 ) + 17.309 (Jun. 2026 ) = $145.9 Mil.
TransMedics Group's Cash Flow from Investing for the trailing twelve months (TTM) ended in Jun. 2026 was -7.624 (Sep. 2025 ) + -15.514 (Dec. 2025 ) + -36.657 (Mar. 2026 ) + -7.092 (Jun. 2026 ) = $-66.9 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.
TransMedics Group (TMDX) has a Sloan Ratio % of 4.96% as of Jun. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on TransMedics Group and its competitors.
Is TransMedics Group's Sloan Ratio % too high?
TransMedics Group's current Sloan Ratio % is 4.96%. Overall, TransMedics Group has a GF Score™ of 74/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does TransMedics Group's Sloan Ratio % compare to ESTA and AXGN?
TransMedics Group's Sloan Ratio % of 4.96% 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 TransMedics Group and its competitors. TransMedics Group's current Sloan Ratio % is 4.96%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TransMedics Group stock overvalued right now?
Based on GuruFocus' analysis, TransMedics Group (TMDX) is currently considered Possible Value Trap. The stock's GF Value™ is $156.12, compared to a current price of $89.64 — trading 42.6% below its estimated fair value. The current Sloan Ratio % is 4.96%. TransMedics Group's overall GF Score™ is 74/100 with 9 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 TransMedics Group (TMDX), the current Sloan Ratio % is 4.96% 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 TransMedics Group (TMDX) Overvalued in 2026?
Based on GuruFocus' analysis, TransMedics Group stock appears to be undervalued.
The current stock price of $89.64 is trading 42.6% below its estimated GF Value™ of $156.12.
GuruFocus considers TransMedics Group to be Possible Value Trap.
Key valuation signals for TMDX:
Sloan Ratio %: 4.96%
GF Value™: $156.12 vs. price of $89.64 (42.6% below fair value)
No single metric tells the full story. See the TMDX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
TransMedics Group Inc is a commercial-stage medical technology company transforming organ transplant therapy for end-stage organ failure patients across multiple disease states. It has developed the Organ Care System (OCS) to comprehensively address the limitations of cold storage. The OCS is a portable organ perfusion, optimization, and monitoring system that utilizes technology to replicate near-physiologic conditions for donor organs outside of the human body. The company has developed and is commercializing a proprietary system to preserve and deliver human organs for transplant in a near-physiologic condition to address the limitations of cold storage organ preservation.
74GF Score
Get the complete analysis for TMDX
Sloan Ratio % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
TMDX has been successfully added to your 
