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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.
Star Group LP's Sloan Ratio for the quarter that ended in Mar. 2026 was 6.61%.
As of Mar. 2026, Star Group LP has a Sloan Ratio of 6.61%, indicating the company is in the safe zone and there is no funny business with accruals.
Star Group LP (NYSE:SGU) 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, Star Group LP has a Sloan Ratio of 6.61%, indicating the company is in the safe zone and there is no funny business with accruals.
Star Group LP Sloan Ratio % Related Terms
Star Group LP Sloan Ratio % Historical Data
* Premium members only.
The historical data trend for Star Group LP'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.
For the Oil & Gas Refining & Marketing subindustry, Star Group LP'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.
Star Group LP Sloan Ratio % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Star Group LP's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Star Group LP'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.
Star Group LP's Sloan Ratio for the fiscal year that ended in Sep. 2025 is calculated as
Star Group LP's Net Income for the trailing twelve months (TTM) ended in Mar. 2026 was -16.629 (Jun. 2025 ) + -22.284 (Sep. 2025 ) + 29.881 (Dec. 2025 ) + 88.581 (Mar. 2026 ) = $80 Mil.
Star Group LP's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was 72.502 (Jun. 2025 ) + 14.407 (Sep. 2025 ) + -55.182 (Dec. 2025 ) + -5.895 (Mar. 2026 ) = $26 Mil.
Star Group LP's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2026 was -13.1 (Jun. 2025 ) + -0.347 (Sep. 2025 ) + -4.959 (Dec. 2025 ) + -4.86 (Mar. 2026 ) = $-23 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.
Star Group LP (SGU) has a Sloan Ratio % of 6.61% as of Mar. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Star Group LP and its competitors.
Is Star Group LP's Sloan Ratio % too high?
Star Group LP's current Sloan Ratio % is 6.61%. Overall, Star Group LP has a GF Score™ of 78/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Star Group LP's Sloan Ratio % compare to CLNE and FGPR?
Star Group LP's Sloan Ratio % of 6.61% can be compared against companies in the Oil & Gas 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 an Oil & Gas company?
A good Sloan Ratio % depends on the Oil & Gas 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 Star Group LP and its competitors. Star Group LP's current Sloan Ratio % is 6.61%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Star Group LP stock overvalued right now?
Based on GuruFocus' analysis, Star Group LP (SGU) is currently considered Fairly Valued. The stock's GF Value™ is $12.68, compared to a current price of $12.85 — trading 1.3% above its estimated fair value. The current Sloan Ratio % is 6.61%. Star Group LP's overall GF Score™ is 78/100 with 6 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 Star Group LP (SGU), the current Sloan Ratio % is 6.61% 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 Star Group LP (SGU) Overvalued in 2026?
Based on GuruFocus' analysis, Star Group LP stock appears to be overvalued.
The current stock price of $12.85 is trading 1.3% above its estimated GF Value™ of $12.68.
GuruFocus considers Star Group LP to be Fairly Valued.
Key valuation signals for SGU:
Sloan Ratio %: 6.61%
GF Value™: $12.68 vs. price of $12.85 (1.3% above fair value)
No single metric tells the full story. See the SGU stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Star Group LP is a home heating oil and propane distributor and services provider with one reportable operating segment that principally provides heating related services to residential and commercial customers. It serves residential and commercial customers whose primary use is to heat their homes and buildings in the Northeast and Mid-Atlantic U.S. regions. The company derives the majority of revenue from Petroleum products, which consist of home heating oil and propane as well as diesel fuel and gasoline.
78GF Score
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