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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.
Arctic Fish Holding AS's Sloan Ratio for the quarter that ended in Dec. 2025 was -1.57%.
As of Dec. 2025, Arctic Fish Holding AS has a Sloan Ratio of -1.57%, indicating the company is in the safe zone and there is no funny business with accruals.
Arctic Fish Holding AS (OSL:AFISH) 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 Dec. 2025, Arctic Fish Holding AS has a Sloan Ratio of -1.57%, indicating the company is in the safe zone and there is no funny business with accruals.
Arctic Fish Holding AS Sloan Ratio % Related Terms
Arctic Fish Holding AS 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.
OSL:AFISH vs ADM, BG, TSN: Sloan Ratio % Comparison
For the Farm Products subindustry, Arctic Fish Holding 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.
Arctic Fish Holding AS Sloan Ratio % vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Arctic Fish Holding AS's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Arctic Fish Holding 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.
Arctic Fish Holding AS's Sloan Ratio for the fiscal year that ended in Dec. 2025 is calculated as
Arctic Fish Holding AS's Net Income for the trailing twelve months (TTM) ended in Dec. 2025 was -46.758 (Jun. 2024 ) + 14.71 (Dec. 2024 ) + -108.809 (Jun. 2025 ) + 15.255 (Dec. 2025 ) = kr-125.6 Mil.
Arctic Fish Holding AS's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2025 was -34.246 (Jun. 2024 ) + 67.839 (Dec. 2024 ) + -50.317 (Jun. 2025 ) + 88.027 (Dec. 2025 ) = kr71.3 Mil.
Arctic Fish Holding AS's Cash Flow from Investing for the trailing twelve months (TTM) ended in Dec. 2025 was -10.09 (Jun. 2024 ) + -25.096 (Dec. 2024 ) + -79.07 (Jun. 2025 ) + -31.54 (Dec. 2025 ) = kr-145.8 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.
Arctic Fish Holding AS (OSL:AFISH) has a Sloan Ratio % of -1.57% as of Dec. 2025. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Arctic Fish Holding AS and its competitors.
Is Arctic Fish Holding AS's Sloan Ratio % too high?
Arctic Fish Holding AS's current Sloan Ratio % is -1.57%. Overall, Arctic Fish Holding AS has a GF Score™ of 79/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Arctic Fish Holding AS's Sloan Ratio % compare to ADM and BG?
Arctic Fish Holding AS's Sloan Ratio % of -1.57% can be compared against companies in the Consumer Packaged Goods 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 Consumer Packaged Goods company?
A good Sloan Ratio % depends on the Consumer Packaged Goods 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 Arctic Fish Holding AS and its competitors. Arctic Fish Holding AS's current Sloan Ratio % is -1.57%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Arctic Fish Holding AS stock overvalued right now?
Based on GuruFocus' analysis, Arctic Fish Holding AS (OSL:AFISH) is currently considered Possible Value Trap. The stock's GF Value™ is kr57.56, compared to a current price of kr25.00 — trading 56.6% below its estimated fair value. The current Sloan Ratio % is -1.57%. Arctic Fish Holding AS's overall GF Score™ is 79/100 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 Arctic Fish Holding AS (OSL:AFISH), the current Sloan Ratio % is -1.57% as of Dec. 2025. 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 Arctic Fish Holding AS (OSL:AFISH) Overvalued in 2026?
Based on GuruFocus' analysis, Arctic Fish Holding AS stock appears to be undervalued.
The current stock price of kr25.00 is trading 56.6% below its estimated GF Value™ of kr57.56.
GuruFocus considers Arctic Fish Holding AS to be Possible Value Trap.
Key valuation signals for OSL:AFISH:
Sloan Ratio %: -1.57%
GF Value™: kr57.56 vs. price of kr25.00 (56.6% below fair value)
No single metric tells the full story. See the OSL:AFISH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Arctic Fish Holding AS is a fish farming company. It is engaged in farming and marketing Atlantic salmon. The fish farming business includes smolt production, salmon farming, harvesting activities, and sales of harvested fish.
79GF Score
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