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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.
Andean Precious Metals's Sloan Ratio for the quarter that ended in Mar. 2026 was 12.32%.
As of Mar. 2026, Andean Precious Metals has a Sloan Ratio of 12.32%, indicating there is a warning stage of accrual build up.
Andean Precious Metals (TSX:APM) 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, Andean Precious Metals has a Sloan Ratio of 12.32%, indicating there is a warning stage of accrual build up.
Andean Precious Metals Sloan Ratio % Related Terms
Andean Precious Metals Sloan Ratio % Historical Data
* 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 Silver subindustry, Andean Precious Metals'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.
Andean Precious Metals Sloan Ratio % vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Andean Precious Metals's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Andean Precious Metals'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.
Andean Precious Metals's Sloan Ratio for the fiscal year that ended in Dec. 2025 is calculated as
Andean Precious Metals's Net Income for the trailing twelve months (TTM) ended in Mar. 2026 was 23.8 (Jun. 2025 ) + 60.509 (Sep. 2025 ) + 58.489 (Dec. 2025 ) + 66.194 (Mar. 2026 ) = C$209.0 Mil.
Andean Precious Metals's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was 27.691 (Jun. 2025 ) + 18.055 (Sep. 2025 ) + 70.321 (Dec. 2025 ) + 59.95 (Mar. 2026 ) = C$176.0 Mil.
Andean Precious Metals's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2026 was -10.803 (Jun. 2025 ) + 10.894 (Sep. 2025 ) + -36.372 (Dec. 2025 ) + -12.805 (Mar. 2026 ) = C$-49.1 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.
Andean Precious Metals (TSX:APM) has a Sloan Ratio % of 12.32% as of Mar. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Andean Precious Metals and its competitors.
Is Andean Precious Metals' Sloan Ratio % too high?
Andean Precious Metals' current Sloan Ratio % is 12.32%. Overall, Andean Precious Metals has a GF Score™ of 83/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Andean Precious Metals' Sloan Ratio % compare to EXK?
Andean Precious Metals' Sloan Ratio % of 12.32% 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 Andean Precious Metals and its competitors. Andean Precious Metals's current Sloan Ratio % is 12.32%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Andean Precious Metals stock overvalued right now?
Based on GuruFocus' analysis, Andean Precious Metals (TSX:APM) is currently considered Significantly Overvalued. The stock's GF Value™ is C$4.13, compared to a current price of C$6.18 — trading 49.6% above its estimated fair value. The current Sloan Ratio % is 12.32%. Andean Precious Metals' overall GF Score™ is 83/100 with 2 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 Andean Precious Metals (TSX:APM), the current Sloan Ratio % is 12.32% 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 Andean Precious Metals (TSX:APM) Overvalued in 2026?
Based on GuruFocus' analysis, Andean Precious Metals stock appears to be overvalued.
The current stock price of C$6.18 is trading 49.6% above its estimated GF Value™ of C$4.13.
GuruFocus considers Andean Precious Metals to be Significantly Overvalued.
Key valuation signals for TSX:APM:
Sloan Ratio %: 12.32%
GF Value™: C$4.13 vs. price of C$6.18 (49.6% above fair value)
No single metric tells the full story. See the TSX:APM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Andean Precious Metals Corp is a growing precious metals producer focused on expanding into top-tier jurisdictions in the Americas. The Company owns and operates the San Bartolome processing facility in Potosi, Bolivia, and the Soledad Mountain mine in Kern County, California, and is well-funded to act on future growth opportunities. The company, along with its subsidiaries, is engaged in the exploration, exploitation, treatment, refining, and commercialization of dore bars containing silver and gold, which it extracts from its mining rights and through purchased third-party material. Its segments are Bolivia and the USA.
83GF Score
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