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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.
Astec Industries's Sloan Ratio for the quarter that ended in Mar. 2026 was 21.00%.
As of Mar. 2026, Astec Industries has a Sloan Ratio of 21.00%, indicating there is a warning stage of accrual build up.
Astec Industries (STU:AI2) 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, Astec Industries has a Sloan Ratio of 21.00%, indicating there is a warning stage of accrual build up.
Astec Industries Sloan Ratio % Related Terms
Astec Industries Sloan Ratio % Historical Data
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The historical data trend for Astec Industries'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.
STU:AI2 vs LNN, AEBI, ALG: Sloan Ratio % Comparison
For the Farm & Heavy Construction Machinery subindustry, Astec Industries'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.
Astec Industries Sloan Ratio % vs Farm & Heavy Construction Machinery Industry
For the Farm & Heavy Construction Machinery industry and Industrials sector, Astec Industries's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Astec Industries'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.
Astec Industries's Sloan Ratio for the fiscal year that ended in Dec. 2025 is calculated as
Astec Industries's Net Income for the trailing twelve months (TTM) ended in Mar. 2026 was 14.479 (Jun. 2025 ) + -3.578 (Sep. 2025 ) + 10.248 (Dec. 2025 ) + 1.124 (Mar. 2026 ) = €22 Mil.
Astec Industries's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was 11.184 (Jun. 2025 ) + -6.901 (Sep. 2025 ) + 30.829 (Dec. 2025 ) + 35.205 (Mar. 2026 ) = €70 Mil.
Astec Industries's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2026 was -3.034 (Jun. 2025 ) + -215.3 (Sep. 2025 ) + -23.4 (Dec. 2025 ) + -65.913 (Mar. 2026 ) = €-308 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.
Astec Industries (STU:AI2) has a Sloan Ratio % of 21.00% as of Mar. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Astec Industries and its competitors.
Is Astec Industries' Sloan Ratio % too high?
Astec Industries' current Sloan Ratio % is 21.00%. Overall, Astec Industries has a GF Score™ of 85/100, reflecting its overall financial health beyond just this single metric.
How does Astec Industries' Sloan Ratio % compare to LNN and AEBI?
Astec Industries' Sloan Ratio % of 21.00% can be compared against companies in the Farm & Heavy Construction Machinery 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 Farm & Heavy Construction Machinery company?
A good Sloan Ratio % depends on the Farm & Heavy Construction Machinery 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 Astec Industries and its competitors. Astec Industries's current Sloan Ratio % is 21.00%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Astec Industries stock overvalued right now?
Astec Industries (STU:AI2) has a current Sloan Ratio % of 21.00%. The stock's GF Value™ is €39.81, compared to a current price of €48.00 — trading 20.6% above its estimated fair value. The current Sloan Ratio % is 21.00%. Astec Industries' overall GF Score™ is 85/100 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 Astec Industries (STU:AI2), the current Sloan Ratio % is 21.00% 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 Astec Industries (STU:AI2) Overvalued in 2026?
Based on GuruFocus' analysis, Astec Industries stock appears to be overvalued.
The current stock price of €48.00 is trading 20.6% above its estimated GF Value™ of €39.81.
Key valuation signals for STU:AI2:
Sloan Ratio %: 21.00%
GF Value™: €39.81 vs. price of €48.00 (20.6% above fair value)
No single metric tells the full story. See the STU:AI2 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Astec Industries Inc designs and manufactures equipment and components used in road construction and other development activities. Its products are used through the entire process of building roads, from mining and crushing materials to creating the road surface. The company manufactures a line of plants, pavers, vehicles, and machines to mix and transform materials into construction components. The company has two operating segments: infrastructure solutions generating maximum revenue and materials solutions. The majority of sales are derived from the United States. Its customers are asphalt producers, highway and heavy equipment contractors, ready mix concrete producers, demolition recycling markets, sand and gravel producers, open mine operators, quarry operators, and others.
85GF Score
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