Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
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.
Oppenheimer Holdings's Sloan Ratio for the quarter that ended in Jun. 2026 was 2.55%.
As of Jun. 2026, Oppenheimer Holdings has a Sloan Ratio of 2.55%, indicating the company is in the safe zone and there is no funny business with accruals.
Oppenheimer Holdings (NYSE:OPY) 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, Oppenheimer Holdings has a Sloan Ratio of 2.55%, indicating the company is in the safe zone and there is no funny business with accruals.
Oppenheimer Holdings Sloan Ratio % Related Terms
Oppenheimer Holdings Sloan Ratio % Historical Data
* Premium members only.
The historical data trend for Oppenheimer Holdings'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 Capital Markets subindustry, Oppenheimer Holdings'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.
Oppenheimer Holdings Sloan Ratio % vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Oppenheimer Holdings's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Oppenheimer Holdings'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.
Oppenheimer Holdings's Sloan Ratio for the fiscal year that ended in Dec. 2025 is calculated as
Oppenheimer Holdings's Net Income for the trailing twelve months (TTM) ended in Jun. 2026 was 21.712 (Sep. 2025 ) + 74.362 (Dec. 2025 ) + -20.578 (Mar. 2026 ) + 27.351 (Jun. 2026 ) = $103 Mil.
Oppenheimer Holdings's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 was 63.423 (Sep. 2025 ) + 177 (Dec. 2025 ) + -189.982 (Mar. 2026 ) + -55.025 (Jun. 2026 ) = $-5 Mil.
Oppenheimer Holdings's Cash Flow from Investing for the trailing twelve months (TTM) ended in Jun. 2026 was 0.641 (Sep. 2025 ) + -0.77 (Dec. 2025 ) + 0.549 (Mar. 2026 ) + -0.981 (Jun. 2026 ) = $-1 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.
Oppenheimer Holdings (OPY) has a Sloan Ratio % of 2.55% as of Jun. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Oppenheimer Holdings and its competitors.
Is Oppenheimer Holdings' Sloan Ratio % too high?
Oppenheimer Holdings' current Sloan Ratio % is 2.55%. Overall, Oppenheimer Holdings has a GF Score™ of 77/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Oppenheimer Holdings' Sloan Ratio % compare to PWP and GOLD?
Oppenheimer Holdings' Sloan Ratio % of 2.55% can be compared against companies in the Capital Markets 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 Capital Markets company?
A good Sloan Ratio % depends on the Capital Markets 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 Oppenheimer Holdings and its competitors. Oppenheimer Holdings's current Sloan Ratio % is 2.55%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Oppenheimer Holdings stock overvalued right now?
Based on GuruFocus' analysis, Oppenheimer Holdings (OPY) is currently considered Significantly Overvalued. The stock's GF Value™ is $80.81, compared to a current price of $111.75 — trading 38.3% above its estimated fair value. The current Sloan Ratio % is 2.55%. Oppenheimer Holdings' overall GF Score™ is 77/100 with 7 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 Oppenheimer Holdings (OPY), the current Sloan Ratio % is 2.55% 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 Oppenheimer Holdings (OPY) Overvalued in 2026?
Based on GuruFocus' analysis, Oppenheimer Holdings stock appears to be overvalued.
The current stock price of $111.75 is trading 38.3% above its estimated GF Value™ of $80.81.
GuruFocus considers Oppenheimer Holdings to be Significantly Overvalued.
Key valuation signals for OPY:
Sloan Ratio %: 2.55%
GF Value™: $80.81 vs. price of $111.75 (38.3% above fair value)
No single metric tells the full story. See the OPY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Oppenheimer Holdings Inc conducts activities in the securities industry. The company is involved in retail securities brokerage, investment banking (both corporate and public finance), institutional sales and trading, market-making, research, trust services, and investment advisory and asset management services. The company has two segments: Wealth Management, and Capital Markets. IT generates maximum revenue from Wealth Management Segment which includes commissions and fee income earned on assets under management (AUM), net interest earnings on client margin loans and cash balances, fees from money market funds, custodian fees and other activities. The company generates the majority of its revenue from the Americas, with the rest from Europe, the Middle East, and Asia.
77GF Score
Get the complete analysis for OPY
Sloan Ratio % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
OPY has been successfully added to your 
