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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.
As of Jun. 2026, Performance Food Group Co has a Sloan Ratio of -1.50%, indicating the company is in the safe zone and there is no funny business with accruals.
Performance Food Group Co (NYSE:PFGC) 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, Performance Food Group Co has a Sloan Ratio of -1.50%, indicating the company is in the safe zone and there is no funny business with accruals.
Performance Food Group Co Sloan Ratio % Related Terms
Performance Food Group Co 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.
PFGC vs USFD, CHEF, UNFI: Sloan Ratio % Comparison
For the Food Distribution subindustry, Performance Food Group Co'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.
Performance Food Group Co Sloan Ratio % vs Retail - Defensive Industry
For the Retail - Defensive industry and Consumer Defensive sector, Performance Food Group Co's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Performance Food Group Co's Sloan Ratio % falls into.
Performance Food Group Co 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.
Performance Food Group Co's Sloan Ratio for the fiscal year that ended in Jun. 2026 is calculated as
Performance Food Group Co's Net Income for the trailing twelve months (TTM) ended in Jun. 2026 was 93.6 (Sep. 2025 ) + 61.7 (Dec. 2025 ) + 41.7 (Mar. 2026 ) + 162.3 (Jun. 2026 ) = $359 Mil.
Performance Food Group Co's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 was -145.2 (Sep. 2025 ) + 601.2 (Dec. 2025 ) + 615.9 (Mar. 2026 ) + 341.8 (Jun. 2026 ) = $1,414 Mil.
Performance Food Group Co's Cash Flow from Investing for the trailing twelve months (TTM) ended in Jun. 2026 was -78 (Sep. 2025 ) + -173.6 (Dec. 2025 ) + -405.3 (Mar. 2026 ) + -115.6 (Jun. 2026 ) = $-773 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.
Performance Food Group Co (PFGC) has a Sloan Ratio % of -1.50% as of Jun. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Performance Food Group Co and its competitors.
Is Performance Food Group Co's Sloan Ratio % too high?
Performance Food Group Co's current Sloan Ratio % is -1.50%. Overall, Performance Food Group Co has a GF Score™ of 83/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Performance Food Group Co's Sloan Ratio % compare to USFD and CHEF?
Performance Food Group Co's Sloan Ratio % of -1.50% can be compared against companies in the Retail - Defensive 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 Retail - Defensive company?
A good Sloan Ratio % depends on the Retail - Defensive 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 Performance Food Group Co and its competitors. Performance Food Group Co's current Sloan Ratio % is -1.50%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Performance Food Group Co stock overvalued right now?
Based on GuruFocus' analysis, Performance Food Group Co (PFGC) is currently considered Fairly Valued. The stock's GF Value™ is $93.61, compared to a current price of $103.34 — trading 10.4% above its estimated fair value. The current Sloan Ratio % is -1.50%. Performance Food Group Co's overall GF Score™ is 83/100 with 5 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 Performance Food Group Co (PFGC), the current Sloan Ratio % is -1.50% 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 Performance Food Group Co (PFGC) Overvalued in 2026?
Based on GuruFocus' analysis, Performance Food Group Co stock appears to be overvalued.
The current stock price of $103.34 is trading 10.4% above its estimated GF Value™ of $93.61.
GuruFocus considers Performance Food Group Co to be Fairly Valued.
Key valuation signals for PFGC:
Sloan Ratio %: -1.50%
GF Value™: $93.61 vs. price of $103.34 (10.4% above fair value)
No single metric tells the full story. See the PFGC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Performance Food Group Co , markets and distributes national and company-branded food and food-related products. The company also specializes in distributing candy, snacks, beverages, cigarettes, other tobacco products, health and beauty care products and other items to vending distributors, box retailers, theaters, convenience stores, drug stores, grocery stores, travel providers, and hospitality providers. The company has three reportable segments: Foodservice, Vistar, and Convenience.
83GF Score
Get the complete analysis for PFGC
Sloan Ratio % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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