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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.
Shurgard Self Storage's Sloan Ratio for the quarter that ended in Dec. 2025 was 9.28%.
As of Dec. 2025, Shurgard Self Storage has a Sloan Ratio of 9.28%, indicating the company is in the safe zone and there is no funny business with accruals.
Shurgard Self Storage (OTCPK:SSSAF) 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 Dec. 2025, Shurgard Self Storage has a Sloan Ratio of 9.28%, indicating the company is in the safe zone and there is no funny business with accruals.
Shurgard Self Storage Sloan Ratio % Related Terms
Shurgard Self Storage Sloan Ratio % Historical Data
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The historical data trend for Shurgard Self Storage'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 REIT - Specialty subindustry, Shurgard Self Storage'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.
Shurgard Self Storage Sloan Ratio % vs REITs Industry
For the REITs industry and Real Estate sector, Shurgard Self Storage's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Shurgard Self Storage'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.
Shurgard Self Storage's Sloan Ratio for the fiscal year that ended in Dec. 2025 is calculated as
For company reported semi-annually, GuruFocus uses latest two semi-annual data as the TTM data.
Shurgard Self Storage's Net Income for the trailing twelve months (TTM) ended in Dec. 2025 was 406.165 (Jun. 2025 ) + 287.605 (Dec. 2025 ) = $693.8 Mil.
Shurgard Self Storage's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2025 was 111.204 (Jun. 2025 ) + 139.833 (Dec. 2025 ) = $251.0 Mil.
Shurgard Self Storage's Cash Flow from Investing for the trailing twelve months (TTM) ended in Dec. 2025 was -152.434 (Jun. 2025 ) + -195.084 (Dec. 2025 ) = $-347.5 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.
Shurgard Self Storage (SSSAF) has a Sloan Ratio % of 9.28% as of Dec. 2025. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Shurgard Self Storage and its competitors.
Is Shurgard Self Storage's Sloan Ratio % too high?
Shurgard Self Storage's current Sloan Ratio % is 9.28%. Overall, Shurgard Self Storage has a GF Score™ of 71/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Shurgard Self Storage's Sloan Ratio % compare to EQIX and AMT?
Shurgard Self Storage's Sloan Ratio % of 9.28% 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 Shurgard Self Storage and its competitors. Shurgard Self Storage's current Sloan Ratio % is 9.28%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shurgard Self Storage stock overvalued right now?
Based on GuruFocus' analysis, Shurgard Self Storage (SSSAF) is currently considered Possible Value Trap. The stock's GF Value™ is $50.78, compared to a current price of $30.23 — trading 40.5% below its estimated fair value. The current Sloan Ratio % is 9.28%. Shurgard Self Storage's overall GF Score™ is 71/100 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 Shurgard Self Storage (SSSAF), the current Sloan Ratio % is 9.28% as of Dec. 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 Shurgard Self Storage (SSSAF) Overvalued in 2026?
Based on GuruFocus' analysis, Shurgard Self Storage stock appears to be undervalued.
The current stock price of $30.23 is trading 40.5% below its estimated GF Value™ of $50.78.
GuruFocus considers Shurgard Self Storage to be Possible Value Trap.
Key valuation signals for SSSAF:
Sloan Ratio %: 9.28%
GF Value™: $50.78 vs. price of $30.23 (40.5% below fair value)
No single metric tells the full story. See the SSSAF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Shurgard Self Storage Ltd is an owner and operator of self-storage centers. The company has two reportable segments namely Same Stores and Non-Same Stores. It generates maximum revenue from the Same Stores segment. Geographically, the company derives the majority revenue from UK and also has a presence in the Netherlands, France, Sweden, Belgium, Germany and Denmark among others. It generates revenue through the lease of storage units and related activities, including insurance referrals and the sale of storage products and packaging.
71GF Score
Get the complete analysis for SSSAF
Sloan Ratio % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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