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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.
MDA Space's Sloan Ratio for the quarter that ended in Mar. 2026 was 0.00%.
As of Mar. 2026, MDA Space has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
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, MDA Space has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
MDA Space Sloan Ratio % Related Terms
MDA Space Sloan Ratio % Historical Data
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The historical data trend for MDA Space'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:MDA vs SPCX, GE, RTX: Sloan Ratio % Comparison
For the Aerospace & Defense subindustry, MDA Space'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.
MDA Space Sloan Ratio % vs Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, MDA Space's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where MDA Space'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.
MDA Space's Sloan Ratio for the fiscal year that ended in Dec. 2025 is calculated as
MDA Space's Net Income for the trailing twelve months (TTM) ended in Mar. 2026 was 27.2 (Jun. 2025 ) + 24.4 (Sep. 2025 ) + 24 (Dec. 2025 ) + 29.6 (Mar. 2026 ) = C$105 Mil.
MDA Space's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was 52.8 (Jun. 2025 ) + 32.8 (Sep. 2025 ) + 54.9 (Dec. 2025 ) + 0 (Mar. 2026 ) = C$141 Mil.
MDA Space's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2026 was -39.4 (Jun. 2025 ) + -429.3 (Sep. 2025 ) + -84.4 (Dec. 2025 ) + 0 (Mar. 2026 ) = C$-553 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.
MDA Space (TSX:MDA) has a Sloan Ratio % of 0.00% as of Mar. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on MDA Space and its competitors.
Is MDA Space's Sloan Ratio % too high?
MDA Space's current Sloan Ratio % is 0.00%. Overall, MDA Space has a GF Score™ of 49/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does MDA Space's Sloan Ratio % compare to SPCX and GE?
MDA Space's Sloan Ratio % of 0.00% can be compared against companies in the Aerospace & Defense 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 an Aerospace & Defense company?
A good Sloan Ratio % depends on the Aerospace & Defense 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 MDA Space and its competitors. MDA Space's current Sloan Ratio % is 0.00%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MDA Space stock overvalued right now?
Based on GuruFocus' analysis, MDA Space (TSX:MDA) is currently considered Significantly Overvalued. The stock's GF Value™ is C$31.66, compared to a current price of C$42.44 — trading 34% above its estimated fair value. The current Sloan Ratio % is 0.00%. MDA Space's overall GF Score™ is 49/100 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 MDA Space (TSX:MDA), the current Sloan Ratio % is 0.00% 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 MDA Space (TSX:MDA) Overvalued in 2026?
Based on GuruFocus' analysis, MDA Space stock appears to be overvalued.
The current stock price of C$42.44 is trading 34% above its estimated GF Value™ of C$31.66.
GuruFocus considers MDA Space to be Significantly Overvalued.
Key valuation signals for TSX:MDA:
Sloan Ratio %: 0.00%
GF Value™: C$31.66 vs. price of C$42.44 (34% above fair value)
No single metric tells the full story. See the TSX:MDA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
MDA Space Ltd is a developer and manufacturer of technology and services to the space industry. It is an international space mission partner and robotics, satellite systems, and geo-intelligence pioneer. It is engaged in communications satellites, Earth and space observation, space exploration, and infrastructure. The Company collaborates and partners with governments and space agencies, commercial space companies, and defence and aerospace prime contractors in the space industry. Geographically, it generates the majority of its revenue from Canada.
49GF Score
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