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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.
Burger Fuel Group's Sloan Ratio for the quarter that ended in Mar. 2026 was -0.55%.
As of Mar. 2026, Burger Fuel Group has a Sloan Ratio of -0.55%, indicating the company is in the safe zone and there is no funny business with accruals.
Burger Fuel Group (NZSE:BFG) 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, Burger Fuel Group has a Sloan Ratio of -0.55%, indicating the company is in the safe zone and there is no funny business with accruals.
Burger Fuel Group Sloan Ratio % Related Terms
Burger Fuel Group Sloan Ratio % Historical Data
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The historical data trend for Burger Fuel 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.
NZSE:BFG vs MCD, SBUX, CMG: Sloan Ratio % Comparison
For the Restaurants subindustry, Burger Fuel 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.
Burger Fuel Group Sloan Ratio % vs Restaurants Industry
For the Restaurants industry and Consumer Cyclical sector, Burger Fuel Group's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Burger Fuel 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.
Burger Fuel Group's Sloan Ratio for the fiscal year that ended in Mar. 2026 is calculated as
For company reported semi-annually, GuruFocus uses latest two semi-annual data as the TTM data.
Burger Fuel Group's Net Income for the trailing twelve months (TTM) ended in Mar. 2026 was 0.849595 (Sep. 2025 ) + 1.119342 (Mar. 2026 ) = NZ$1.97 Mil.
Burger Fuel Group's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was 1.869887 (Sep. 2025 ) + 1.632247 (Mar. 2026 ) = NZ$3.50 Mil.
Burger Fuel Group's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2026 was -0.692087 (Sep. 2025 ) + -0.656792 (Mar. 2026 ) = NZ$-1.35 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.
Burger Fuel Group (NZSE:BFG) has a Sloan Ratio % of -0.55% as of Mar. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Burger Fuel Group and its competitors.
Is Burger Fuel Group's Sloan Ratio % too high?
Burger Fuel Group's current Sloan Ratio % is -0.55%. Overall, Burger Fuel Group has a GF Score™ of 44/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Burger Fuel Group's Sloan Ratio % compare to MCD and SBUX?
Burger Fuel Group's Sloan Ratio % of -0.55% can be compared against companies in the Restaurants 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 Restaurants company?
A good Sloan Ratio % depends on the Restaurants 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 Burger Fuel Group and its competitors. Burger Fuel Group's current Sloan Ratio % is -0.55%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Burger Fuel Group stock overvalued right now?
Based on GuruFocus' analysis, Burger Fuel Group (NZSE:BFG) is currently considered Significantly Undervalued. The stock's GF Value™ is NZ$0.84, compared to a current price of NZ$0.35 — trading 58.9% below its estimated fair value. The current Sloan Ratio % is -0.55%. Burger Fuel Group's overall GF Score™ is 44/100 with 1 warning sign 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 Burger Fuel Group (NZSE:BFG), the current Sloan Ratio % is -0.55% 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 Burger Fuel Group (NZSE:BFG) Overvalued in 2026?
Based on GuruFocus' analysis, Burger Fuel Group stock appears to be undervalued.
The current stock price of NZ$0.35 is trading 58.9% below its estimated GF Value™ of NZ$0.84.
GuruFocus considers Burger Fuel Group to be Significantly Undervalued.
Key valuation signals for NZSE:BFG:
Sloan Ratio %: -0.55%
GF Value™: NZ$0.84 vs. price of NZ$0.35 (58.9% below fair value)
No single metric tells the full story. See the NZSE:BFG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Burger Fuel Group Ltd engages in the development and management of both franchised and company-owned gourmet burger and chicken restaurants. It offers Grass Fed Beef, Free Range Chicken, Plant Powered, Light weights, Kid meals, Gourmet Sides, Drinks, Sauces, and others. The company operates in two segments consisting of geographical locations including New Zeal and the International market. It derives a majority of its revenue from New Zealand.
44GF Score
Get the complete analysis for NZSE:BFG
Sloan Ratio % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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