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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.
Cal-Maine Foods's Sloan Ratio for the quarter that ended in May. 2026 was 10.96%.
As of May. 2026, Cal-Maine Foods has a Sloan Ratio of 10.96%, indicating there is a warning stage of accrual build up.
Cal-Maine Foods (STU:CM2) 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 May. 2026, Cal-Maine Foods has a Sloan Ratio of 10.96%, indicating there is a warning stage of accrual build up.
Cal-Maine Foods Sloan Ratio % Related Terms
Cal-Maine Foods Sloan Ratio % Historical Data
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The historical data trend for Cal-Maine Foods'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:CM2 vs AGRO, DMC, DOLE: Sloan Ratio % Comparison
For the Farm Products subindustry, Cal-Maine Foods'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.
Cal-Maine Foods Sloan Ratio % vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Cal-Maine Foods's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Cal-Maine Foods'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.
Cal-Maine Foods's Sloan Ratio for the fiscal year that ended in May. 2026 is calculated as
Cal-Maine Foods's Net Income for the trailing twelve months (TTM) ended in May. 2026 was 171.233 (Aug. 2025 ) + 88.887 (Nov. 2025 ) + 42.688 (Feb. 2026 ) + -30.71 (May. 2026 ) = €272 Mil.
Cal-Maine Foods's Cash Flow from Operations for the trailing twelve months (TTM) ended in May. 2026 was 239.321 (Aug. 2025 ) + 81.961 (Nov. 2025 ) + 87.616 (Feb. 2026 ) + 2.423 (May. 2026 ) = €411 Mil.
Cal-Maine Foods's Cash Flow from Investing for the trailing twelve months (TTM) ended in May. 2026 was -351.944 (Aug. 2025 ) + 141.625 (Nov. 2025 ) + -17.335 (Feb. 2026 ) + -203.221 (May. 2026 ) = €-431 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.
Cal-Maine Foods (STU:CM2) has a Sloan Ratio % of 10.96% as of May. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Cal-Maine Foods and its competitors.
Is Cal-Maine Foods' Sloan Ratio % too high?
Cal-Maine Foods' current Sloan Ratio % is 10.96%. Overall, Cal-Maine Foods has a GF Score™ of 80/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Cal-Maine Foods' Sloan Ratio % compare to AGRO and DMC?
Cal-Maine Foods' Sloan Ratio % of 10.96% can be compared against companies in the Consumer Packaged Goods 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 Consumer Packaged Goods company?
A good Sloan Ratio % depends on the Consumer Packaged Goods 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 Cal-Maine Foods and its competitors. Cal-Maine Foods's current Sloan Ratio % is 10.96%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cal-Maine Foods stock overvalued right now?
Based on GuruFocus' analysis, Cal-Maine Foods (STU:CM2) is currently considered Modestly Overvalued. The stock's GF Value™ is €59.68, compared to a current price of €71.30 — trading 19.5% above its estimated fair value. The current Sloan Ratio % is 10.96%. Cal-Maine Foods' overall GF Score™ is 80/100 with 7 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 Cal-Maine Foods (STU:CM2), the current Sloan Ratio % is 10.96% as of May. 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 Cal-Maine Foods (STU:CM2) Overvalued in 2026?
Based on GuruFocus' analysis, Cal-Maine Foods stock appears to be overvalued.
The current stock price of €71.30 is trading 19.5% above its estimated GF Value™ of €59.68.
GuruFocus considers Cal-Maine Foods to be Modestly Overvalued.
Key valuation signals for STU:CM2:
Sloan Ratio %: 10.96%
GF Value™: €59.68 vs. price of €71.30 (19.5% above fair value)
No single metric tells the full story. See the STU:CM2 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Cal-Maine Foods Inc produces and sells shell eggs. Its main market is the United States. The company's product portfolio contains nutritionally enhanced, cage-free, organic, and brown eggs. Cal-Maine Foods markets the shell eggs to a diverse group of customers, including grocery-store chains, club stores, and food service distributors. The company's brands are Egg-Land's, Land O' Lakes, Farmhouse, and 4-Grain. The Company has one reportable operating segment, which is the production, grading, packaging, marketing and distribution of shell eggs.
80GF Score
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