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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.
Conifex Timber's Sloan Ratio for the quarter that ended in Mar. 2026 was -17.58%.
As of Mar. 2026, Conifex Timber has a Sloan Ratio of -17.58%, indicating there is a warning stage of accrual build up.
Conifex Timber (TSX:CFF) 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, Conifex Timber has a Sloan Ratio of -17.58%, indicating there is a warning stage of accrual build up.
Conifex Timber Sloan Ratio % Related Terms
Conifex Timber Sloan Ratio % Historical Data
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The historical data trend for Conifex Timber'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.
TSX:CFF vs SSD, UFPI, BCC: Sloan Ratio % Comparison
For the Lumber & Wood Production subindustry, Conifex Timber'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.
Conifex Timber Sloan Ratio % vs Forest Products Industry
For the Forest Products industry and Basic Materials sector, Conifex Timber's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Conifex Timber'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.
Conifex Timber's Sloan Ratio for the fiscal year that ended in Dec. 2025 is calculated as
Conifex Timber's Net Income for the trailing twelve months (TTM) ended in Mar. 2026 was -8.288 (Jun. 2025 ) + -16.615 (Sep. 2025 ) + -11.47 (Dec. 2025 ) + -9.411 (Mar. 2026 ) = C$-45.8 Mil.
Conifex Timber's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was 6.782 (Jun. 2025 ) + 0.311 (Sep. 2025 ) + 4.214 (Dec. 2025 ) + -14.071 (Mar. 2026 ) = C$-2.8 Mil.
Conifex Timber's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2026 was -3.213 (Jun. 2025 ) + -0.207 (Sep. 2025 ) + -1.81 (Dec. 2025 ) + -0.021 (Mar. 2026 ) = C$-5.3 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.
Conifex Timber (TSX:CFF) has a Sloan Ratio % of -17.58% as of Mar. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Conifex Timber and its competitors.
Is Conifex Timber's Sloan Ratio % too high?
Conifex Timber's current Sloan Ratio % is -17.58%. Overall, Conifex Timber has a GF Score™ of 25/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Conifex Timber's Sloan Ratio % compare to SSD and UFPI?
Conifex Timber's Sloan Ratio % of -17.58% can be compared against companies in the Forest 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 Forest Products company?
A good Sloan Ratio % depends on the Forest 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 Conifex Timber and its competitors. Conifex Timber's current Sloan Ratio % is -17.58%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Conifex Timber stock overvalued right now?
Based on GuruFocus' analysis, Conifex Timber (TSX:CFF) is currently considered Possible Value Trap. The stock's GF Value™ is C$0.30, compared to a current price of C$0.12 — trading 60% below its estimated fair value. The current Sloan Ratio % is -17.58%. Conifex Timber's overall GF Score™ is 25/100 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 Conifex Timber (TSX:CFF), the current Sloan Ratio % is -17.58% 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 Conifex Timber (TSX:CFF) Overvalued in 2026?
Based on GuruFocus' analysis, Conifex Timber stock appears to be undervalued.
The current stock price of C$0.12 is trading 60% below its estimated GF Value™ of C$0.30.
GuruFocus considers Conifex Timber to be Possible Value Trap.
Key valuation signals for TSX:CFF:
Sloan Ratio %: -17.58%
GF Value™: C$0.30 vs. price of C$0.12 (60% below fair value)
No single metric tells the full story. See the TSX:CFF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Conifex Timber Inc is a Canada-based forestry company. It operates through one reportable segment comprising of activities that include timber harvesting, reforestation, forest management, processing logs into lumber and wood chips, value added lumber finishing and generation of electrical power that is complementary to the company's harvesting and manufacturing operations. The firm's main activities areas are the United States, Chinese, Canadian and Japanese markets. The revenues are generated from lumber, Lumber by-products and other, and Bioenergy. Geographically, it operates in United States, Canada and Japan. The company derives maximum revenue from United states.
25GF Score
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