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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 Sep. 2025, Plymouth Industrial REIT has a Sloan Ratio of 6.58%, indicating the company is in the safe zone and there is no funny business with accruals.
Plymouth Industrial REIT (NYSE:PLYM) 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 Sep. 2025, Plymouth Industrial REIT has a Sloan Ratio of 6.58%, indicating the company is in the safe zone and there is no funny business with accruals.
Plymouth Industrial REIT Sloan Ratio % Related Terms
Plymouth Industrial REIT 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.
For the REIT - Industrial subindustry, Plymouth Industrial REIT'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.
Plymouth Industrial REIT Sloan Ratio % vs REITs Industry
For the REITs industry and Real Estate sector, Plymouth Industrial REIT's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Plymouth Industrial REIT's Sloan Ratio % falls into.
Plymouth Industrial REIT 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.
Plymouth Industrial REIT's Sloan Ratio for the fiscal year that ended in Dec. 2024 is calculated as
Plymouth Industrial REIT's Net Income for the trailing twelve months (TTM) ended in Sep. 2025 was 147.413 (Dec. 2024 ) + 5.85 (Mar. 2025 ) + -6.095 (Jun. 2025 ) + -54.363 (Sep. 2025 ) = $92.8 Mil.
Plymouth Industrial REIT's Cash Flow from Operations for the trailing twelve months (TTM) ended in Sep. 2025 was 42.025 (Dec. 2024 ) + 15.612 (Mar. 2025 ) + 23.366 (Jun. 2025 ) + 19.994 (Sep. 2025 ) = $101.0 Mil.
Plymouth Industrial REIT's Cash Flow from Investing for the trailing twelve months (TTM) ended in Sep. 2025 was 175.664 (Dec. 2024 ) + -67.773 (Mar. 2025 ) + -212.439 (Jun. 2025 ) + -6.939 (Sep. 2025 ) = $-111.5 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.
Plymouth Industrial REIT (PLYM) has a Sloan Ratio % of 6.58% as of Sep. 2025. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Plymouth Industrial REIT and its competitors.
Is Plymouth Industrial REIT's Sloan Ratio % too high?
Plymouth Industrial REIT's current Sloan Ratio % is 6.58%. Overall, Plymouth Industrial REIT has a GF Score™ of 54/100, reflecting its overall financial health beyond just this single metric.
How does Plymouth Industrial REIT's Sloan Ratio % compare to IIPR and ILPT?
Plymouth Industrial REIT's Sloan Ratio % of 6.58% can be compared against companies in the REITs 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 REITs company?
A good Sloan Ratio % depends on the REITs 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 Plymouth Industrial REIT and its competitors. Plymouth Industrial REIT's current Sloan Ratio % is 6.58%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Plymouth Industrial REIT stock overvalued right now?
Plymouth Industrial REIT (PLYM) has a current Sloan Ratio % of 6.58%. The stock's GF Value™ is $20.52, compared to a current price of $21.98 — trading 7.1% above its estimated fair value. The current Sloan Ratio % is 6.58%. Plymouth Industrial REIT's overall GF Score™ is 54/100 with 11 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 Plymouth Industrial REIT (PLYM), the current Sloan Ratio % is 6.58% as of Sep. 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 Plymouth Industrial REIT (PLYM) Overvalued in 2026?
Based on GuruFocus' analysis, Plymouth Industrial REIT stock appears to be overvalued.
The current stock price of $21.98 is trading 7.1% above its estimated GF Value™ of $20.52.
Key valuation signals for PLYM:
Sloan Ratio %: 6.58%
GF Value™: $20.52 vs. price of $21.98 (7.1% above fair value)
No single metric tells the full story. See the PLYM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Plymouth Industrial REIT Inc is a full-service, vertically integrated, self-administered, and self-managed Maryland corporation. It is focused on the acquisition, ownership, and management of single and multi-tenant Class B industrial properties, including distribution centers, warehouses, and light industrial properties, located in secondary and primary markets across the United States. The company has one reportable segment, which is Industrial properties. The majority of its property portfolio is spread across Florida, Ohio, Indiana, Tennessee, Illinois and Georgia, among others. It receives income from the rental revenue through its properties.
54GF Score
Get the complete analysis for PLYM
Sloan Ratio % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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