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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.
Turning Point Brands's Sloan Ratio for the quarter that ended in Jun. 2026 was 5.49%.
As of Jun. 2026, Turning Point Brands has a Sloan Ratio of 5.49%, indicating the company is in the safe zone and there is no funny business with accruals.
Turning Point Brands (NYSE:TPB) 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 Jun. 2026, Turning Point Brands has a Sloan Ratio of 5.49%, indicating the company is in the safe zone and there is no funny business with accruals.
Turning Point Brands Sloan Ratio % Related Terms
Turning Point Brands Sloan Ratio % Historical Data
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The historical data trend for Turning Point Brands'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 Tobacco subindustry, Turning Point Brands'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.
Turning Point Brands Sloan Ratio % vs Tobacco Products Industry
For the Tobacco Products industry and Consumer Defensive sector, Turning Point Brands's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Turning Point Brands'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.
Turning Point Brands's Sloan Ratio for the fiscal year that ended in Dec. 2025 is calculated as
Turning Point Brands's Net Income for the trailing twelve months (TTM) ended in Jun. 2026 was 21.08 (Sep. 2025 ) + 8.21 (Dec. 2025 ) + 11.667 (Mar. 2026 ) + 3.598 (Jun. 2026 ) = $44.6 Mil.
Turning Point Brands's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 was 3.285 (Sep. 2025 ) + 24.859 (Dec. 2025 ) + -22.259 (Mar. 2026 ) + 26.327 (Jun. 2026 ) = $32.2 Mil.
Turning Point Brands's Cash Flow from Investing for the trailing twelve months (TTM) ended in Jun. 2026 was -19.758 (Sep. 2025 ) + -3.287 (Dec. 2025 ) + -5.066 (Mar. 2026 ) + -6.529 (Jun. 2026 ) = $-34.6 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.
Turning Point Brands (TPB) has a Sloan Ratio % of 5.49% as of Jun. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Turning Point Brands and its competitors.
Is Turning Point Brands' Sloan Ratio % too high?
Turning Point Brands' current Sloan Ratio % is 5.49%. Overall, Turning Point Brands has a GF Score™ of 88/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Turning Point Brands' Sloan Ratio % compare to UVV and AIIR?
Turning Point Brands' Sloan Ratio % of 5.49% can be compared against companies in the Tobacco Products 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 Tobacco Products company?
A good Sloan Ratio % depends on the Tobacco Products 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 Turning Point Brands and its competitors. Turning Point Brands's current Sloan Ratio % is 5.49%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Turning Point Brands stock overvalued right now?
Based on GuruFocus' analysis, Turning Point Brands (TPB) is currently considered Fairly Valued. The stock's GF Value™ is $87.20, compared to a current price of $86.74 — trading 0.5% below its estimated fair value. The current Sloan Ratio % is 5.49%. Turning Point Brands' overall GF Score™ is 88/100. 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 Turning Point Brands (TPB), the current Sloan Ratio % is 5.49% as of Jun. 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 Turning Point Brands (TPB) Overvalued in 2026?
Based on GuruFocus' analysis, Turning Point Brands stock appears to be undervalued.
The current stock price of $86.74 is trading 0.5% below its estimated GF Value™ of $87.20.
GuruFocus considers Turning Point Brands to be Fairly Valued.
Key valuation signals for TPB:
Sloan Ratio %: 5.49%
GF Value™: $87.20 vs. price of $86.74 (0.5% below fair value)
No single metric tells the full story. See the TPB stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Turning Point Brands Inc operates as a manufacturer, marketer, and provider of consumer products that include Other Tobacco Products (OTP) in the U.S. The company offers a wide variety across the OTP spectrum, including moist snuff tobacco (MST), loose-leaf chewing tobacco, premium cigarette papers, make- your-own (MYO) cigar wraps, cigars, liquid vapor products, and tobacco vaporizer products. It operates in two segments, namely Zig-Zag products and Stoker's products segment. The company generates maximum revenue from the Zig-Zag products segment.
88GF Score
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