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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.
LSI Industries's Sloan Ratio for the quarter that ended in Mar. 2026 was 39.89%.
As of Mar. 2026, LSI Industries has a Sloan Ratio of 39.89%, indicating there is a warning stage of accrual build up.
LSI Industries (STU:LS2) 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, LSI Industries has a Sloan Ratio of 39.89%, indicating there is a warning stage of accrual build up.
LSI Industries Sloan Ratio % Related Terms
LSI Industries Sloan Ratio % Historical Data
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The historical data trend for LSI 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:LS2 vs DAKT, LPTH, KOPN: Sloan Ratio % Comparison
For the Electronic Components subindustry, LSI 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.
LSI Industries Sloan Ratio % vs Hardware Industry
For the Hardware industry and Technology sector, LSI Industries's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where LSI 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.
LSI Industries's Sloan Ratio for the fiscal year that ended in Jun. 2025 is calculated as
LSI Industries's Net Income for the trailing twelve months (TTM) ended in Mar. 2026 was 7.084 (Jun. 2025 ) + 6.189 (Sep. 2025 ) + 5.421 (Dec. 2025 ) + 1.809 (Mar. 2026 ) = €20.5 Mil.
LSI Industries's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was 8.236 (Jun. 2025 ) + 0.576 (Sep. 2025 ) + 21.335 (Dec. 2025 ) + 5.994 (Mar. 2026 ) = €36.1 Mil.
LSI Industries's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2026 was -2.294 (Jun. 2025 ) + -0.602 (Sep. 2025 ) + -1.436 (Dec. 2025 ) + -287.558 (Mar. 2026 ) = €-291.9 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.
LSI Industries (STU:LS2) has a Sloan Ratio % of 39.89% as of Mar. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on LSI Industries and its competitors.
Is LSI Industries' Sloan Ratio % too high?
LSI Industries' current Sloan Ratio % is 39.89%. Overall, LSI Industries has a GF Score™ of 88/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does LSI Industries' Sloan Ratio % compare to DAKT and LPTH?
LSI Industries' Sloan Ratio % of 39.89% can be compared against companies in the Hardware 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 Hardware company?
A good Sloan Ratio % depends on the Hardware 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 LSI Industries and its competitors. LSI Industries's current Sloan Ratio % is 39.89%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is LSI Industries stock overvalued right now?
Based on GuruFocus' analysis, LSI Industries (STU:LS2) is currently considered Modestly Overvalued. The stock's GF Value™ is €17.22, compared to a current price of €20.60 — trading 19.6% above its estimated fair value. The current Sloan Ratio % is 39.89%. LSI Industries' overall GF Score™ is 88/100 with 5 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 LSI Industries (STU:LS2), the current Sloan Ratio % is 39.89% 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 LSI Industries (STU:LS2) Overvalued in 2026?
Based on GuruFocus' analysis, LSI Industries stock appears to be overvalued.
The current stock price of €20.60 is trading 19.6% above its estimated GF Value™ of €17.22.
GuruFocus considers LSI Industries to be Modestly Overvalued.
Key valuation signals for STU:LS2:
Sloan Ratio %: 39.89%
GF Value™: €17.22 vs. price of €20.60 (19.6% above fair value)
No single metric tells the full story. See the STU:LS2 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
LSI Industries Inc provides corporate visual image solutions to the petroleum and convenience store industry. The company's operating segments include Lighting and Display Solutions. It generates maximum revenue from the Display solutions segment. Lighting Segment manufactures and markets outdoor and indoor lighting and lighting controls for the commercial, industrial, and multi-site retail markets, including the petroleum/convenience store, quick-service, and automotive markets. The Display Solutions Segment manufactures, sells, and installs exterior and interior visual image and display elements, including printed graphics, structural graphics, digital signage, menu board systems, display fixtures, refrigerated displays, and custom display elements.
88GF Score
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