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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.
When sloan ratio (-215.04)% higher than 25% or lower than -25%, earnings are more likely to be made up of accruals.
As of Mar. 2026, Odyssey Marine Exploration has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
Odyssey Marine Exploration (NAS:OMEX) 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, Odyssey Marine Exploration has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
Odyssey Marine Exploration Sloan Ratio % Related Terms
Odyssey Marine Exploration Sloan Ratio % Historical Data
* 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 Other Industrial Metals & Mining subindustry, Odyssey Marine Exploration'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.
Odyssey Marine Exploration Sloan Ratio % vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Odyssey Marine Exploration's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Odyssey Marine Exploration's Sloan Ratio % falls into.
Odyssey Marine Exploration Sloan Ratio % Calculation
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.
Odyssey Marine Exploration's Net Income for the trailing twelve months (TTM) ended in Mar. 2026 was -14.848 (Jun. 2025 ) + -13.073 (Sep. 2025 ) + -17.406 (Dec. 2025 ) + 0.347 (Mar. 2026 ) = $-44.98 Mil.
Odyssey Marine Exploration's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was -1.978 (Jun. 2025 ) + -2.095 (Sep. 2025 ) + -2.821 (Dec. 2025 ) + -3.832 (Mar. 2026 ) = $-10.73 Mil.
Odyssey Marine Exploration'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.
Odyssey Marine Exploration (OMEX) 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 Odyssey Marine Exploration and its competitors.
Is Odyssey Marine Exploration's Sloan Ratio % too high?
Odyssey Marine Exploration's current Sloan Ratio % is 0.00%. Overall, Odyssey Marine Exploration has a GF Score™ of 14/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Odyssey Marine Exploration's Sloan Ratio % compare to FNUC and WWR?
Odyssey Marine Exploration's Sloan Ratio % of 0.00% can be compared against companies in the Metals & Mining 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 Metals & Mining company?
A good Sloan Ratio % depends on the Metals & Mining 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 Odyssey Marine Exploration and its competitors. Odyssey Marine Exploration'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 Odyssey Marine Exploration stock overvalued right now?
Based on GuruFocus' analysis, Odyssey Marine Exploration (OMEX) is currently considered Significantly Overvalued. The stock's GF Value™ is $0.35, compared to a current price of $0.67 — trading 92.2% above its estimated fair value. The current Sloan Ratio % is 0.00%. Odyssey Marine Exploration's overall GF Score™ is 14/100 with 6 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 Odyssey Marine Exploration (OMEX), 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 Odyssey Marine Exploration (OMEX) Overvalued in 2026?
Based on GuruFocus' analysis, Odyssey Marine Exploration stock appears to be overvalued.
The current stock price of $0.67 is trading 92.2% above its estimated GF Value™ of $0.35.
GuruFocus considers Odyssey Marine Exploration to be Significantly Overvalued.
Key valuation signals for OMEX:
Sloan Ratio %: 0.00%
GF Value™: $0.35 vs. price of $0.67 (92.2% above fair value)
No single metric tells the full story. See the OMEX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Odyssey Marine Exploration Inc is a deep-ocean exploration company. It discovers, validates, and develops high-value seafloor mineral resources and provides specialized mineral exploration, project development, and marine services to its clients. The company's subsea project portfolio contains multiple projects in various stages of development, such as the Phosagmex Project, a rich deposit of phosphate sands located seventy-ninety meters deep within the Mexican EEZ; two polymetallic nodule exploration license holders in the Cook Islands' EEZ; the Lihir Gold Project, a subsea area that contains several prospective gold exploration targets located in the Papua New Guinea Exclusive Economic Zone (EEZ); and others.
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