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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 Jan. 2026, Starcore International Mines has a Sloan Ratio of -3.76%, indicating the company is in the safe zone and there is no funny business with accruals.
Starcore International Mines (OTCPK:SHVLF) 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 Jan. 2026, Starcore International Mines has a Sloan Ratio of -3.76%, indicating the company is in the safe zone and there is no funny business with accruals.
Starcore International Mines Sloan Ratio % Related Terms
Starcore International Mines 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.
Starcore International Mines Sloan Ratio % Competitor Comparison
For the Other Industrial Metals & Mining subindustry, Starcore International Mines'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.
Starcore International Mines Sloan Ratio % vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Starcore International Mines's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Starcore International Mines's Sloan Ratio % falls into.
Starcore International Mines 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.
Starcore International Mines's Net Income for the trailing twelve months (TTM) ended in Jan. 2026 was 1.153 (Apr. 2025 ) + 0.677 (Jul. 2025 ) + -0.508 (Oct. 2025 ) + 0.945 (Jan. 2026 ) = $2.27 Mil.
Starcore International Mines's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jan. 2026 was 0.906 (Apr. 2025 ) + -0.087 (Jul. 2025 ) + 3.106 (Oct. 2025 ) + 3.03 (Jan. 2026 ) = $6.96 Mil.
Starcore International Mines's Cash Flow from Investing for the trailing twelve months (TTM) ended in Jan. 2026 was -0.169 (Apr. 2025 ) + -1.108 (Jul. 2025 ) + -0.619 (Oct. 2025 ) + -0.99 (Jan. 2026 ) = $-2.89 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.
Starcore International Mines (SHVLF) has a Sloan Ratio % of -3.76% as of Jan. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Starcore International Mines and its competitors.
Is Starcore International Mines' Sloan Ratio % too high?
Starcore International Mines' current Sloan Ratio % is -3.76%. Overall, Starcore International Mines has a GF Score™ of 45/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Starcore International Mines' Sloan Ratio % compare to competitors?
Starcore International Mines' Sloan Ratio % of -3.76% can be compared against companies in the Metals & Mining 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 Metals & Mining company?
A good Sloan Ratio % depends on the Metals & Mining 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 Starcore International Mines and its competitors. Starcore International Mines's current Sloan Ratio % is -3.76%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Starcore International Mines stock overvalued right now?
Based on GuruFocus' analysis, Starcore International Mines (SHVLF) is currently considered Significantly Overvalued. The stock's GF Value™ is $0.13, compared to a current price of $0.28 — trading 111.6% above its estimated fair value. The current Sloan Ratio % is -3.76%. Starcore International Mines' overall GF Score™ is 45/100 with 4 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 Starcore International Mines (SHVLF), the current Sloan Ratio % is -3.76% as of Jan. 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 Starcore International Mines (SHVLF) Overvalued in 2026?
Based on GuruFocus' analysis, Starcore International Mines stock appears to be overvalued.
The current stock price of $0.28 is trading 111.6% above its estimated GF Value™ of $0.13.
GuruFocus considers Starcore International Mines to be Significantly Overvalued.
Key valuation signals for SHVLF:
Sloan Ratio %: -3.76%
GF Value™: $0.13 vs. price of $0.28 (111.6% above fair value)
No single metric tells the full story. See the SHVLF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Starcore International Mines Ltd is in the business of exploration, development, and production of minerals. It has got products in various stages The San Martin being the primary source of operating cash flows. In Mexico, the business holds an interest in the silver and gold processing plant. Some of its projects include San Martin, El Creston, and Toiyabe among others. The majority of the organization's revenue comes from Bernal, Mexico. The Company is also engaged in acquiring mining related operating assets and exploration assets in North America and West Africa directly and through corporate acquisitions.
45GF Score
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