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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.
Tronox Holdings's Sloan Ratio for the quarter that ended in Jun. 2026 was -6.74%.
As of Jun. 2026, Tronox Holdings has a Sloan Ratio of -6.74%, indicating the company is in the safe zone and there is no funny business with accruals.
Tronox Holdings (NYSE:TROX) 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, Tronox Holdings has a Sloan Ratio of -6.74%, indicating the company is in the safe zone and there is no funny business with accruals.
Tronox Holdings Sloan Ratio % Related Terms
Tronox Holdings Sloan Ratio % Historical Data
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The historical data trend for Tronox Holdings'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 Chemicals subindustry, Tronox Holdings'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.
Tronox Holdings Sloan Ratio % vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Tronox Holdings's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Tronox Holdings'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.
Tronox Holdings's Sloan Ratio for the fiscal year that ended in Dec. 2025 is calculated as
Tronox Holdings's Net Income for the trailing twelve months (TTM) ended in Jun. 2026 was -99 (Sep. 2025 ) + -176 (Dec. 2025 ) + -103 (Mar. 2026 ) + -171 (Jun. 2026 ) = $-549 Mil.
Tronox Holdings's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 was -57 (Sep. 2025 ) + 121 (Dec. 2025 ) + -68 (Mar. 2026 ) + 105 (Jun. 2026 ) = $101 Mil.
Tronox Holdings's Cash Flow from Investing for the trailing twelve months (TTM) ended in Jun. 2026 was -79 (Sep. 2025 ) + -73 (Dec. 2025 ) + -67 (Mar. 2026 ) + -30 (Jun. 2026 ) = $-249 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.
Tronox Holdings (TROX) has a Sloan Ratio % of -6.74% as of Jun. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Tronox Holdings and its competitors.
Is Tronox Holdings' Sloan Ratio % too high?
Tronox Holdings' current Sloan Ratio % is -6.74%. Overall, Tronox Holdings has a GF Score™ of 54/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Tronox Holdings' Sloan Ratio % compare to LXU and GPRE?
Tronox Holdings' Sloan Ratio % of -6.74% can be compared against companies in the Chemicals 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 Chemicals company?
A good Sloan Ratio % depends on the Chemicals 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 Tronox Holdings and its competitors. Tronox Holdings's current Sloan Ratio % is -6.74%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tronox Holdings stock overvalued right now?
Based on GuruFocus' analysis, Tronox Holdings (TROX) is currently considered Possible Value Trap. The stock's GF Value™ is $9.76, compared to a current price of $6.17 — trading 36.8% below its estimated fair value. The current Sloan Ratio % is -6.74%. Tronox Holdings' overall GF Score™ is 54/100 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 Tronox Holdings (TROX), the current Sloan Ratio % is -6.74% 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 Tronox Holdings (TROX) Overvalued in 2026?
Based on GuruFocus' analysis, Tronox Holdings stock appears to be undervalued.
The current stock price of $6.17 is trading 36.8% below its estimated GF Value™ of $9.76.
GuruFocus considers Tronox Holdings to be Possible Value Trap.
Key valuation signals for TROX:
Sloan Ratio %: -6.74%
GF Value™: $9.76 vs. price of $6.17 (36.8% below fair value)
No single metric tells the full story. See the TROX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tronox Holdings PLC is a vertically integrated manufacturer of TiO2 pigment. It operates titanium-bearing mineral sand mines and beneficiation and smelting operations in Australia & South Africa to produce feedstock materials that can be processed into TiO2 for pigment, high-purity titanium chemicals, including titanium tetrachloride, and ultrafine TiO2 used in certain specialty applications. TiO2 and titanium feedstock, are used to produce paints and coatings, as well as plastics, paper, and printing ink. It has three pigment production facilities in the United States, the Netherlands, and Western Australia and three mining operations in Western Australia and South Africa. Europe, the Middle East, and Africa regions contribute the majority of revenue.
54GF Score
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