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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.
StoneX Group's Sloan Ratio for the quarter that ended in Mar. 2026 was -10.49%.
As of Mar. 2026, StoneX Group has a Sloan Ratio of -10.49%, indicating there is a warning stage of accrual build up.
StoneX Group (NAS:SNEX) 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, StoneX Group has a Sloan Ratio of -10.49%, indicating there is a warning stage of accrual build up.
StoneX Group Sloan Ratio % Related Terms
StoneX Group Sloan Ratio % Historical Data
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The historical data trend for StoneX Group'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 Capital Markets subindustry, StoneX Group'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.
StoneX Group Sloan Ratio % vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, StoneX Group's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where StoneX Group'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.
StoneX Group's Sloan Ratio for the fiscal year that ended in Sep. 2025 is calculated as
StoneX Group's Net Income for the trailing twelve months (TTM) ended in Mar. 2026 was 63.4 (Jun. 2025 ) + 85.7 (Sep. 2025 ) + 139 (Dec. 2025 ) + 174.3 (Mar. 2026 ) = $462 Mil.
StoneX Group's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was 1491.2 (Jun. 2025 ) + 3529.4 (Sep. 2025 ) + -1261.7 (Dec. 2025 ) + 2798.6 (Mar. 2026 ) = $6,558 Mil.
StoneX Group's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2026 was -16.2 (Jun. 2025 ) + -406.6 (Sep. 2025 ) + -28.1 (Dec. 2025 ) + -19.2 (Mar. 2026 ) = $-470 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.
StoneX Group (SNEX) has a Sloan Ratio % of -10.49% as of Mar. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on StoneX Group and its competitors.
Is StoneX Group's Sloan Ratio % too high?
StoneX Group's current Sloan Ratio % is -10.49%. Overall, StoneX Group has a GF Score™ of 80/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does StoneX Group's Sloan Ratio % compare to RIOT and SF?
StoneX Group's Sloan Ratio % of -10.49% can be compared against companies in the Capital Markets 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 Capital Markets company?
A good Sloan Ratio % depends on the Capital Markets 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 StoneX Group and its competitors. StoneX Group's current Sloan Ratio % is -10.49%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is StoneX Group stock overvalued right now?
Based on GuruFocus' analysis, StoneX Group (SNEX) is currently considered Significantly Overvalued. The stock's GF Value™ is $67.93, compared to a current price of $110.96 — trading 63.3% above its estimated fair value. The current Sloan Ratio % is -10.49%. StoneX Group's overall GF Score™ is 80/100 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 StoneX Group (SNEX), the current Sloan Ratio % is -10.49% 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 StoneX Group (SNEX) Overvalued in 2026?
Based on GuruFocus' analysis, StoneX Group stock appears to be overvalued.
The current stock price of $110.96 is trading 63.3% above its estimated GF Value™ of $67.93.
GuruFocus considers StoneX Group to be Significantly Overvalued.
Key valuation signals for SNEX:
Sloan Ratio %: -10.49%
GF Value™: $67.93 vs. price of $110.96 (63.3% above fair value)
No single metric tells the full story. See the SNEX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
StoneX Group Inc is a brokerage and financial services firm. Its service offerings are execution, OTC / Market-Making, advisory services, payment solutions, market intelligence, Physical Trading and clearing services. The firm operates in four segments: Commercial, Institutional, Self-Directed/Retail, and Payments. Its customers include governmental and nongovernmental organizations, commercial banks, brokers, institutional investors, and investment banks. The company operates in the United States, South America, Europe, the Middle East and Asia, and other countries, out of which the majority of revenue is generated from the Middle East and Asia Region.
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