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.
As of Mar. 2026, Leroy Seafood Group ASA has a Sloan Ratio of -3.42%, indicating the company is in the safe zone and there is no funny business with accruals.
Leroy Seafood Group ASA (OSL:LSG) 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, Leroy Seafood Group ASA has a Sloan Ratio of -3.42%, indicating the company is in the safe zone and there is no funny business with accruals.
Leroy Seafood Group ASA Sloan Ratio % Related Terms
Leroy Seafood Group ASA 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:LSG vs KHC, GIS, HRL: Sloan Ratio % Comparison
For the Packaged Foods subindustry, Leroy Seafood Group ASA'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.
Leroy Seafood Group ASA Sloan Ratio % vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Leroy Seafood Group ASA's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Leroy Seafood Group ASA'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.
Leroy Seafood Group ASA's Sloan Ratio for the fiscal year that ended in Dec. 2025 is calculated as
Leroy Seafood Group ASA's Net Income for the trailing twelve months (TTM) ended in Mar. 2026 was 125.307 (Jun. 2025 ) + 448.564 (Sep. 2025 ) + 175.143 (Dec. 2025 ) + 288.439 (Mar. 2026 ) = kr1,037 Mil.
Leroy Seafood Group ASA's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was 1030.405 (Jun. 2025 ) + 1078.078 (Sep. 2025 ) + 625.55 (Dec. 2025 ) + 849.837 (Mar. 2026 ) = kr3,584 Mil.
Leroy Seafood Group ASA's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2026 was -430.291 (Jun. 2025 ) + -366.582 (Sep. 2025 ) + -199.754 (Dec. 2025 ) + -174.004 (Mar. 2026 ) = kr-1,171 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.
Leroy Seafood Group ASA (OSL:LSG) has a Sloan Ratio % of -3.42% as of Mar. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Leroy Seafood Group ASA and its competitors.
Is Leroy Seafood Group ASA's Sloan Ratio % too high?
Leroy Seafood Group ASA's current Sloan Ratio % is -3.42%. Overall, Leroy Seafood Group ASA has a GF Score™ of 81/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Leroy Seafood Group ASA's Sloan Ratio % compare to KHC and GIS?
Leroy Seafood Group ASA's Sloan Ratio % of -3.42% 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 Leroy Seafood Group ASA and its competitors. Leroy Seafood Group ASA's current Sloan Ratio % is -3.42%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Leroy Seafood Group ASA stock overvalued right now?
Based on GuruFocus' analysis, Leroy Seafood Group ASA (OSL:LSG) is currently considered Modestly Undervalued. The stock's GF Value™ is kr51.64, compared to a current price of kr41.98 — trading 18.7% below its estimated fair value. The current Sloan Ratio % is -3.42%. Leroy Seafood Group ASA's overall GF Score™ is 81/100 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 Leroy Seafood Group ASA (OSL:LSG), the current Sloan Ratio % is -3.42% 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 Leroy Seafood Group ASA (OSL:LSG) Overvalued in 2026?
Based on GuruFocus' analysis, Leroy Seafood Group ASA stock appears to be undervalued.
The current stock price of kr41.98 is trading 18.7% below its estimated GF Value™ of kr51.64.
GuruFocus considers Leroy Seafood Group ASA to be Modestly Undervalued.
Key valuation signals for OSL:LSG:
Sloan Ratio %: -3.42%
GF Value™: kr51.64 vs. price of kr41.98 (18.7% below fair value)
No single metric tells the full story. See the OSL:LSG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Leroy Seafood Group ASA is a seafood producer, originally from Norway. The company's core activities are distribution, sale, and marketing of seafood, processed seafood, salmon, fjord trout, cod, saithe, mackerel, herring, sushi, shellfish, and other species. Leroy Seafood Group serves hotels, restaurants, and retail segments with fresh, frozen, smoked, and marinated seafood products. Its main brands are Aurora Salmon, Artic Supreme, Fossen Fjord Fish, Leroj Fjord Trout, Leroy Sushi, and Leroy King Crab.
81GF Score
Get the complete analysis for OSL:LSG
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
OSL:LSG has been successfully added to your 
