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.
Cadeler AS's Sloan Ratio for the quarter that ended in Mar. 2026 was 20.75%.
Warning Sign:
When sloan ratio (33.66)% higher than 25% or lower than -25%, earnings are more likely to be made up of accruals.
As of Mar. 2026, Cadeler AS has a Sloan Ratio of 20.75%, indicating earnings are more likely to be made up of accruals.
Cadeler AS (NYSE:CDLR) 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, Cadeler AS has a Sloan Ratio of 20.75%, indicating earnings are more likely to be made up of accruals.
Cadeler AS Sloan Ratio % Related Terms
Cadeler AS Sloan Ratio % Historical Data
* Premium members only.
The historical data trend for Cadeler AS'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 Engineering & Construction subindustry, Cadeler AS'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.
Cadeler AS Sloan Ratio % vs Construction Industry
For the Construction industry and Industrials sector, Cadeler AS's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Cadeler AS'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.
Cadeler AS's Sloan Ratio for the fiscal year that ended in Dec. 2025 is calculated as
Cadeler AS's Net Income for the trailing twelve months (TTM) ended in Mar. 2026 was 191.39 (Jun. 2025 ) + 75.839 (Sep. 2025 ) + 56.014 (Dec. 2025 ) + -8.149 (Mar. 2026 ) = $315.1 Mil.
Cadeler AS's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was 58.942 (Jun. 2025 ) + 251.209 (Sep. 2025 ) + 127.26 (Dec. 2025 ) + 48.801 (Mar. 2026 ) = $486.2 Mil.
Cadeler AS's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2026 was -221.938 (Jun. 2025 ) + -303.06 (Sep. 2025 ) + -389.552 (Dec. 2025 ) + -104.823 (Mar. 2026 ) = $-1,019.4 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.
Cadeler AS (CDLR) has a Sloan Ratio % of 20.75% as of Mar. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Cadeler AS and its competitors.
Is Cadeler AS's Sloan Ratio % too high?
Cadeler AS's current Sloan Ratio % is 20.75%. Overall, Cadeler AS has a GF Score™ of 57/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Cadeler AS's Sloan Ratio % compare to PWR and FIX?
Cadeler AS's Sloan Ratio % of 20.75% can be compared against companies in the Construction 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 Construction company?
A good Sloan Ratio % depends on the Construction 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 Cadeler AS and its competitors. Cadeler AS's current Sloan Ratio % is 20.75%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cadeler AS stock overvalued right now?
Based on GuruFocus' analysis, Cadeler AS (CDLR) is currently considered Possible Value Trap. The stock's GF Value™ is $63.00, compared to a current price of $22.25 — trading 64.7% below its estimated fair value. The current Sloan Ratio % is 20.75%. Cadeler AS's overall GF Score™ is 57/100 with 8 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 Cadeler AS (CDLR), the current Sloan Ratio % is 20.75% 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 Cadeler AS (CDLR) Overvalued in 2026?
Based on GuruFocus' analysis, Cadeler AS stock appears to be undervalued.
The current stock price of $22.25 is trading 64.7% below its estimated GF Value™ of $63.00.
GuruFocus considers Cadeler AS to be Possible Value Trap.
Key valuation signals for CDLR:
Sloan Ratio %: 20.75%
GF Value™: $63.00 vs. price of $22.25 (64.7% below fair value)
No single metric tells the full story. See the CDLR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Cadeler AS is an offshore wind installation vessel contractor. It currently operates various offshore jack-up wind installation vessels, with new builds on order. The Group operates within the market for the transportation and installation of offshore wind turbine generators (WTGs) and their foundations. In addition to wind farm installation, its vessels can perform maintenance, decommissioning, and other general construction tasks within the offshore industry. Cadler's customer base consists of offshore wind farm developers, original equipment manufacturers, and various offshore contractors. Geographically, the Group generates maximum revenue from the United States and the rest from the United Kingdom, Taiwan, Germany, Denmark, Poland, and other regions.
57GF Score
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