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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.
Pulse Biosciences's Sloan Ratio for the quarter that ended in Mar. 2026 was -23.34%.
As of Mar. 2026, Pulse Biosciences has a Sloan Ratio of -23.34%, indicating there is a warning stage of accrual build up.
Pulse Biosciences (NAS:PLSE) 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, Pulse Biosciences has a Sloan Ratio of -23.34%, indicating there is a warning stage of accrual build up.
Pulse Biosciences Sloan Ratio % Related Terms
Pulse Biosciences Sloan Ratio % Historical Data
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The historical data trend for Pulse Biosciences'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.
PLSE vs LMAT, XRAY, KMTS: Sloan Ratio % Comparison
For the Medical Instruments & Supplies subindustry, Pulse Biosciences'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.
Pulse Biosciences Sloan Ratio % vs Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, Pulse Biosciences's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Pulse Biosciences'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.
Pulse Biosciences's Sloan Ratio for the fiscal year that ended in Dec. 2025 is calculated as
Pulse Biosciences's Net Income for the trailing twelve months (TTM) ended in Mar. 2026 was -19.168 (Jun. 2025 ) + -19.385 (Sep. 2025 ) + -17.433 (Dec. 2025 ) + -18.581 (Mar. 2026 ) = $-74.57 Mil.
Pulse Biosciences's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was -12.807 (Jun. 2025 ) + -13.039 (Sep. 2025 ) + -14.755 (Dec. 2025 ) + -14.595 (Mar. 2026 ) = $-55.20 Mil.
Pulse Biosciences's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2026 was -0.123 (Jun. 2025 ) + -0.062 (Sep. 2025 ) + -0.105 (Dec. 2025 ) + -0.033 (Mar. 2026 ) = $-0.32 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.
Pulse Biosciences (PLSE) has a Sloan Ratio % of -23.34% as of Mar. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Pulse Biosciences and its competitors.
Is Pulse Biosciences' Sloan Ratio % too high?
Pulse Biosciences' current Sloan Ratio % is -23.34%. Overall, Pulse Biosciences has a GF Score™ of 31/100, reflecting its overall financial health beyond just this single metric.
How does Pulse Biosciences' Sloan Ratio % compare to LMAT and XRAY?
Pulse Biosciences' Sloan Ratio % of -23.34% can be compared against companies in the Medical Devices & Instruments 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 Medical Devices & Instruments company?
A good Sloan Ratio % depends on the Medical Devices & Instruments 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 Pulse Biosciences and its competitors. Pulse Biosciences's current Sloan Ratio % is -23.34%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Pulse Biosciences stock overvalued right now?
Pulse Biosciences (PLSE) has a current Sloan Ratio % of -23.34%. The current Sloan Ratio % is -23.34%. Pulse Biosciences' overall GF Score™ is 31/100 with 3 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 Pulse Biosciences (PLSE), the current Sloan Ratio % is -23.34% 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.
Pulse Biosciences Inc is a novel bioelectric medicine company committed to health innovation using its patented Nano-Pulse Stimulation technology, a revolutionary energy modality that delivers nanosecond-duration pulses of electrical energy, each less than a millionth of a second long, to non-thermally clear targeted cells while sparing adjacent noncellular tissue. NPS technology, also referred to as Nanosecond Pulsed Field Ablation (nsPFA) technology delivers nanosecond pulses of electrical energy to nonthermally clear cells while sparing adjacent noncellular tissue.
31GF Score
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