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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.
Diamond Estates Wines & Spirits (TSXV:DWS) 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, Diamond Estates Wines & Spirits has a Sloan Ratio of -13.32%, indicating there is a warning stage of accrual build up.
Diamond Estates Wines & Spirits Sloan Ratio % Related Terms
Diamond Estates Wines & Spirits 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.
Diamond Estates Wines & Spirits Sloan Ratio % Chart
For the Beverages - Wineries & Distilleries subindustry, Diamond Estates Wines & Spirits'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.
Diamond Estates Wines & Spirits Sloan Ratio % vs Beverages - Alcoholic Industry
For the Beverages - Alcoholic industry and Consumer Defensive sector, Diamond Estates Wines & Spirits's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Diamond Estates Wines & Spirits's Sloan Ratio % falls into.
Diamond Estates Wines & Spirits Sloan Ratio % Calculation
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.
Diamond Estates Wines & Spirits's Net Income for the trailing twelve months (TTM) ended in Mar. 2026 was 0.366 (Jun. 2025 ) + -0.017 (Sep. 2025 ) + -0.135 (Dec. 2025 ) + -1.508 (Mar. 2026 ) = C$-1.29 Mil.
Diamond Estates Wines & Spirits's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was 3.942 (Jun. 2025 ) + 0.345 (Sep. 2025 ) + -0.414 (Dec. 2025 ) + 1.662 (Mar. 2026 ) = C$5.54 Mil.
Diamond Estates Wines & Spirits's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2026 was -0.101 (Jun. 2025 ) + -0.043 (Sep. 2025 ) + -0.068 (Dec. 2025 ) + -0.266 (Mar. 2026 ) = C$-0.48 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.
Diamond Estates Wines & Spirits (TSXV:DWS) has a Sloan Ratio % of -13.32% as of Mar. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Diamond Estates Wines & Spirits and its competitors.
Is Diamond Estates Wines & Spirits' Sloan Ratio % too high?
Diamond Estates Wines & Spirits' current Sloan Ratio % is -13.32%. Overall, Diamond Estates Wines & Spirits has a GF Score™ of 36/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Diamond Estates Wines & Spirits' Sloan Ratio % compare to BF.B?
Diamond Estates Wines & Spirits' Sloan Ratio % of -13.32% can be compared against companies in the Beverages - Alcoholic 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 Beverages - Alcoholic company?
A good Sloan Ratio % depends on the Beverages - Alcoholic 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 Diamond Estates Wines & Spirits and its competitors. Diamond Estates Wines & Spirits's current Sloan Ratio % is -13.32%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Diamond Estates Wines & Spirits stock overvalued right now?
Based on GuruFocus' analysis, Diamond Estates Wines & Spirits (TSXV:DWS) is currently considered Significantly Overvalued. The stock's GF Value™ is C$0.12, compared to a current price of C$0.17 — trading 37.5% above its estimated fair value. The current Sloan Ratio % is -13.32%. Diamond Estates Wines & Spirits' overall GF Score™ is 36/100 with 4 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 Diamond Estates Wines & Spirits (TSXV:DWS), the current Sloan Ratio % is -13.32% 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 Diamond Estates Wines & Spirits (TSXV:DWS) Overvalued in 2026?
Based on GuruFocus' analysis, Diamond Estates Wines & Spirits stock appears to be overvalued.
The current stock price of C$0.17 is trading 37.5% above its estimated GF Value™ of C$0.12.
GuruFocus considers Diamond Estates Wines & Spirits to be Significantly Overvalued.
Key valuation signals for TSXV:DWS:
Sloan Ratio %: -13.32%
GF Value™: C$0.12 vs. price of C$0.17 (37.5% above fair value)
No single metric tells the full story. See the TSXV:DWS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Diamond Estates Wines & Spirits Inc is a Canada-based firm engaged in the production, marketing, and sale of wine and through its agency division, operating as Trajectory Beverage Partners, distribution and marketing activities for various beverage alcohol brands that it represents in Canada. Its operating segments are Distribution and sales of products represented in Canada under agency agreements with third parties, and sales of manufactured wines. The company generates a majority of its revenue from the sale of wines.
36GF Score
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