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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 Mar. 2026, Shenandoah Telecommunications Co has a Sloan Ratio of 7.07%, indicating the company is in the safe zone and there is no funny business with accruals.
Shenandoah Telecommunications Co (NAS:SHEN) 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, Shenandoah Telecommunications Co has a Sloan Ratio of 7.07%, indicating the company is in the safe zone and there is no funny business with accruals.
Shenandoah Telecommunications Co Sloan Ratio % Related Terms
Shenandoah Telecommunications 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.
Shenandoah Telecommunications Co Sloan Ratio % Chart
SHEN vs GLIBA, CCOI, OPTU: Sloan Ratio % Comparison
For the Telecom Services subindustry, Shenandoah Telecommunications 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.
Shenandoah Telecommunications Co Sloan Ratio % vs Telecommunication Services Industry
For the Telecommunication Services industry and Communication Services sector, Shenandoah Telecommunications Co's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Shenandoah Telecommunications Co's Sloan Ratio % falls into.
Shenandoah Telecommunications 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.
Shenandoah Telecommunications Co's Net Income for the trailing twelve months (TTM) ended in Mar. 2026 was -9.048 (Jun. 2025 ) + -9.39 (Sep. 2025 ) + -5.373 (Dec. 2025 ) + -15.751 (Mar. 2026 ) = $-39.6 Mil.
Shenandoah Telecommunications Co's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was 20.946 (Jun. 2025 ) + 30.738 (Sep. 2025 ) + 28.79 (Dec. 2025 ) + 24.371 (Mar. 2026 ) = $104.8 Mil.
Shenandoah Telecommunications Co's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2026 was -75.648 (Jun. 2025 ) + -58.007 (Sep. 2025 ) + -84.749 (Dec. 2025 ) + -64.11 (Mar. 2026 ) = $-282.5 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.
Shenandoah Telecommunications Co (SHEN) has a Sloan Ratio % of 7.07% as of Mar. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Shenandoah Telecommunications Co and its competitors.
Is Shenandoah Telecommunications Co's Sloan Ratio % too high?
Shenandoah Telecommunications Co's current Sloan Ratio % is 7.07%. Overall, Shenandoah Telecommunications Co has a GF Score™ of 64/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Shenandoah Telecommunications Co's Sloan Ratio % compare to GLIBA and CCOI?
Shenandoah Telecommunications Co's Sloan Ratio % of 7.07% can be compared against companies in the Telecommunication Services 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 Telecommunication Services company?
A good Sloan Ratio % depends on the Telecommunication Services 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 Shenandoah Telecommunications Co and its competitors. Shenandoah Telecommunications Co's current Sloan Ratio % is 7.07%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shenandoah Telecommunications Co stock overvalued right now?
Based on GuruFocus' analysis, Shenandoah Telecommunications Co (SHEN) is currently considered Possible Value Trap. The stock's GF Value™ is $16.36, compared to a current price of $11.42 — trading 30.2% below its estimated fair value. The current Sloan Ratio % is 7.07%. Shenandoah Telecommunications Co's overall GF Score™ is 64/100 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 Shenandoah Telecommunications Co (SHEN), the current Sloan Ratio % is 7.07% 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 Shenandoah Telecommunications Co (SHEN) Overvalued in 2026?
Based on GuruFocus' analysis, Shenandoah Telecommunications Co stock appears to be undervalued.
The current stock price of $11.42 is trading 30.2% below its estimated GF Value™ of $16.36.
GuruFocus considers Shenandoah Telecommunications Co to be Possible Value Trap.
Key valuation signals for SHEN:
Sloan Ratio %: 7.07%
GF Value™: $16.36 vs. price of $11.42 (30.2% below fair value)
No single metric tells the full story. See the SHEN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Shenandoah Telecommunications Co Business Description
Shenandoah Telecommunications Co with its subsidiaries, provides various broadband communication products and services via its wireless, cable, fiber optic, and fixed wireless networks to customers in the Mid-Atlantic United States. The company operates through one business unit: Broadband. The broadband segment provides broadband Internet, video, and voice services to residential and commercial customers. The broadband segment generates the vast majority of the company's revenue, with the bulk of sales flowing from residential and small, and medium businesses within the broadband unit.
64GF Score
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Sloan Ratio % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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