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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.
Altius Minerals's Sloan Ratio for the quarter that ended in Mar. 2026 was 7.69%.
As of Mar. 2026, Altius Minerals has a Sloan Ratio of 7.69%, indicating the company is in the safe zone and there is no funny business with accruals.
Altius Minerals (TSX:ALS) 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, Altius Minerals has a Sloan Ratio of 7.69%, indicating the company is in the safe zone and there is no funny business with accruals.
Altius Minerals Sloan Ratio % Related Terms
Altius Minerals Sloan Ratio % Historical Data
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The historical data trend for Altius Minerals'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.
Altius Minerals Sloan Ratio % Competitor Comparison
For the Other Industrial Metals & Mining subindustry, Altius Minerals'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.
Altius Minerals Sloan Ratio % vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Altius Minerals's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Altius Minerals'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.
Altius Minerals's Sloan Ratio for the fiscal year that ended in Dec. 2025 is calculated as
Altius Minerals's Net Income for the trailing twelve months (TTM) ended in Mar. 2026 was 5.347 (Jun. 2025 ) + 264.725 (Sep. 2025 ) + 22.355 (Dec. 2025 ) + 2.446 (Mar. 2026 ) = C$294.87 Mil.
Altius Minerals's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was 4.449 (Jun. 2025 ) + 15.082 (Sep. 2025 ) + 2.742 (Dec. 2025 ) + -3.856 (Mar. 2026 ) = C$18.42 Mil.
Altius Minerals's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2026 was 0.619 (Jun. 2025 ) + 353.3 (Sep. 2025 ) + -51.256 (Dec. 2025 ) + -139.513 (Mar. 2026 ) = C$163.15 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.
Altius Minerals (TSX:ALS) has a Sloan Ratio % of 7.69% as of Mar. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Altius Minerals and its competitors.
Is Altius Minerals' Sloan Ratio % too high?
Altius Minerals' current Sloan Ratio % is 7.69%. Overall, Altius Minerals has a GF Score™ of 77/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Altius Minerals' Sloan Ratio % compare to competitors?
Altius Minerals' Sloan Ratio % of 7.69% can be compared against companies in the Metals & Mining 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 Metals & Mining company?
A good Sloan Ratio % depends on the Metals & Mining 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 Altius Minerals and its competitors. Altius Minerals's current Sloan Ratio % is 7.69%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Altius Minerals stock overvalued right now?
Based on GuruFocus' analysis, Altius Minerals (TSX:ALS) is currently considered Significantly Overvalued. The stock's GF Value™ is C$33.01, compared to a current price of C$58.45 — trading 77.1% above its estimated fair value. The current Sloan Ratio % is 7.69%. Altius Minerals' overall GF Score™ is 77/100 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 Altius Minerals (TSX:ALS), the current Sloan Ratio % is 7.69% 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 Altius Minerals (TSX:ALS) Overvalued in 2026?
Based on GuruFocus' analysis, Altius Minerals stock appears to be overvalued.
The current stock price of C$58.45 is trading 77.1% above its estimated GF Value™ of C$33.01.
GuruFocus considers Altius Minerals to be Significantly Overvalued.
Key valuation signals for TSX:ALS:
Sloan Ratio %: 7.69%
GF Value™: C$33.01 vs. price of C$58.45 (77.1% above fair value)
No single metric tells the full story. See the TSX:ALS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Altius Minerals Corp is engaged in the business of obtaining diversified mining royalty. It holds interests in mining operations that produce metals and minerals such as copper, nickel, cobalt, lithium, potash, and iron ore. The corporation also holds other pre-development stage royalty interests and various earlier-stage royalties. It is engaged in the operating segments of Mineral Royalties, Renewable Royalties, and Project Generation. It generates the majority of its revenue from Mineral Royalties.
77GF Score
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