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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.
New Mountain Finance's Sloan Ratio for the quarter that ended in Jun. 2026 was 0.00%.
As of Jun. 2026, New Mountain Finance has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
New Mountain Finance (NAS:NMFC) 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, New Mountain Finance has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
New Mountain Finance Sloan Ratio % Related Terms
New Mountain Finance Sloan Ratio % Historical Data
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The historical data trend for New Mountain Finance'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 Asset Management subindustry, New Mountain Finance'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.
New Mountain Finance Sloan Ratio % vs Asset Management Industry
For the Asset Management industry and Financial Services sector, New Mountain Finance's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where New Mountain Finance'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.
New Mountain Finance's Sloan Ratio for the fiscal year that ended in Dec. 2025 is calculated as
New Mountain Finance's Net Income for the trailing twelve months (TTM) ended in Jun. 2026 was 12.189 (Sep. 2025 ) + -26.888 (Dec. 2025 ) + -50.928 (Mar. 2026 ) + 17.257 (Jun. 2026 ) = $-48.37 Mil.
New Mountain Finance's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 was 73.14 (Sep. 2025 ) + 161.589 (Dec. 2025 ) + 401.412 (Mar. 2026 ) + 24.413 (Jun. 2026 ) = $660.55 Mil.
New Mountain Finance's Cash Flow from Investing for the trailing twelve months (TTM) ended in Jun. 2026 was 0 (Sep. 2025 ) + 0 (Dec. 2025 ) + 0 (Mar. 2026 ) + 0 (Jun. 2026 ) = $0.00 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.
New Mountain Finance (NMFC) has a Sloan Ratio % of 0.00% as of Jun. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on New Mountain Finance and its competitors.
Is New Mountain Finance's Sloan Ratio % too high?
New Mountain Finance's current Sloan Ratio % is 0.00%. Overall, New Mountain Finance has a GF Score™ of 48/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does New Mountain Finance's Sloan Ratio % compare to BHK and NKX?
New Mountain Finance's Sloan Ratio % of 0.00% can be compared against companies in the Asset Management 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 an Asset Management company?
A good Sloan Ratio % depends on the Asset Management 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 New Mountain Finance and its competitors. New Mountain Finance's current Sloan Ratio % is 0.00%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is New Mountain Finance stock overvalued right now?
Based on GuruFocus' analysis, New Mountain Finance (NMFC) is currently considered Possible Value Trap. The stock's GF Value™ is $12.21, compared to a current price of $7.58 — trading 37.9% below its estimated fair value. The current Sloan Ratio % is 0.00%. New Mountain Finance's overall GF Score™ is 48/100 with 2 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 New Mountain Finance (NMFC), the current Sloan Ratio % is 0.00% 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 New Mountain Finance (NMFC) Overvalued in 2026?
Based on GuruFocus' analysis, New Mountain Finance stock appears to be undervalued.
The current stock price of $7.58 is trading 37.9% below its estimated GF Value™ of $12.21.
GuruFocus considers New Mountain Finance to be Possible Value Trap.
Key valuation signals for NMFC:
Sloan Ratio %: 0.00%
GF Value™: $12.21 vs. price of $7.58 (37.9% below fair value)
No single metric tells the full story. See the NMFC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
New Mountain Finance Corp is a closed-end, non-diversified management investment company. It invests in equity interests such as preferred stock, common stock, warrants, or options received in connection with debt investments or may include direct investment in the equity of private companies. The company's investment objective is to generate current income and capital appreciation through sourcing and origination of debt securities at all levels of the capital structure, including first and second-lien debt, notes, bonds and mezzanine securities.
48GF Score
Get the complete analysis for NMFC
Sloan Ratio % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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