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.
FS KKR Capital's Sloan Ratio for the quarter that ended in Mar. 2026 was 0.00%.
As of Mar. 2026, FS KKR Capital has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
FS KKR Capital (NYSE:FSK) 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, FS KKR Capital has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
FS KKR Capital Sloan Ratio % Related Terms
FS KKR Capital Sloan Ratio % Historical Data
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The historical data trend for FS KKR Capital'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, FS KKR Capital'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.
FS KKR Capital Sloan Ratio % vs Asset Management Industry
For the Asset Management industry and Financial Services sector, FS KKR Capital's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where FS KKR Capital'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.
FS KKR Capital's Sloan Ratio for the fiscal year that ended in Dec. 2025 is calculated as
FS KKR Capital's Net Income for the trailing twelve months (TTM) ended in Mar. 2026 was -209 (Jun. 2025 ) + 214 (Sep. 2025 ) + -114 (Dec. 2025 ) + -441 (Mar. 2026 ) = $-550.00 Mil.
FS KKR Capital's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was 108 (Jun. 2025 ) + 707 (Sep. 2025 ) + 195 (Dec. 2025 ) + 245 (Mar. 2026 ) = $1,255.00 Mil.
FS KKR Capital's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2026 was 0 (Jun. 2025 ) + 0 (Sep. 2025 ) + 0 (Dec. 2025 ) + 0 (Mar. 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.
FS KKR Capital (FSK) has a Sloan Ratio % of 0.00% as of Mar. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on FS KKR Capital and its competitors.
Is FS KKR Capital's Sloan Ratio % too high?
FS KKR Capital's current Sloan Ratio % is 0.00%. Overall, FS KKR Capital has a GF Score™ of 40/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does FS KKR Capital's Sloan Ratio % compare to HTGC and JPC?
FS KKR Capital'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 FS KKR Capital and its competitors. FS KKR Capital'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 FS KKR Capital stock overvalued right now?
Based on GuruFocus' analysis, FS KKR Capital (FSK) is currently considered Significantly Undervalued. The stock's GF Value™ is $22.85, compared to a current price of $10.56 — trading 53.8% below its estimated fair value. The current Sloan Ratio % is 0.00%. FS KKR Capital's overall GF Score™ is 40/100. 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 FS KKR Capital (FSK), the current Sloan Ratio % is 0.00% 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 FS KKR Capital (FSK) Overvalued in 2026?
Based on GuruFocus' analysis, FS KKR Capital stock appears to be undervalued.
The current stock price of $10.56 is trading 53.8% below its estimated GF Value™ of $22.85.
GuruFocus considers FS KKR Capital to be Significantly Undervalued.
Key valuation signals for FSK:
Sloan Ratio %: 0.00%
GF Value™: $22.85 vs. price of $10.56 (53.8% below fair value)
No single metric tells the full story. See the FSK stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
FS KKR Capital Corp is an externally managed, non-diversified, closed-end management investment company that has elected to be regulated as a business development company. The company's investment objectives are to generate current income and, to a lesser extent, long-term capital appreciation. The company's portfolio is comprised of investments in senior secured loans and second lien secured loans of private middle market U.S. companies and, to a lesser extent, subordinated loans and certain asset-based financing loans of private U.S. companies.
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