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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.
Tidewater Midstream and Infrastructure (OTCPK:TWMIF) 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, Tidewater Midstream and Infrastructure has a Sloan Ratio of -14.68%, indicating there is a warning stage of accrual build up.
Tidewater Midstream and Infrastructure Sloan Ratio % Related Terms
Tidewater Midstream and Infrastructure 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.
Tidewater Midstream and Infrastructure Sloan Ratio % Chart
Tidewater Midstream and Infrastructure Annual Data
For the Oil & Gas Midstream subindustry, Tidewater Midstream and Infrastructure'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.
Tidewater Midstream and Infrastructure Sloan Ratio % vs Oil & Gas Industry
Tidewater Midstream and Infrastructure 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.
* 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.
Tidewater Midstream and Infrastructure (TWMIF) has a Sloan Ratio % of -14.68% as of Mar. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Tidewater Midstream and Infrastructure and its competitors.
Is Tidewater Midstream and Infrastructure's Sloan Ratio % too high?
Tidewater Midstream and Infrastructure's current Sloan Ratio % is -14.68%. Overall, Tidewater Midstream and Infrastructure has a GF Score™ of 44/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Tidewater Midstream and Infrastructure's Sloan Ratio % compare to WMB and EPD?
Tidewater Midstream and Infrastructure's Sloan Ratio % of -14.68% can be compared against companies in the Oil & Gas 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 Oil & Gas company?
A good Sloan Ratio % depends on the Oil & Gas 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 Tidewater Midstream and Infrastructure and its competitors. Tidewater Midstream and Infrastructure's current Sloan Ratio % is -14.68%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tidewater Midstream and Infrastructure stock overvalued right now?
Based on GuruFocus' analysis, Tidewater Midstream and Infrastructure (TWMIF) is currently considered Significantly Overvalued. The stock's GF Value™ is $5.60, compared to a current price of $15.19 — trading 171.3% above its estimated fair value. The current Sloan Ratio % is -14.68%. Tidewater Midstream and Infrastructure's overall GF Score™ is 44/100 with 9 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 Tidewater Midstream and Infrastructure (TWMIF), the current Sloan Ratio % is -14.68% 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 Tidewater Midstream and Infrastructure (TWMIF) Overvalued in 2026?
Based on GuruFocus' analysis, Tidewater Midstream and Infrastructure stock appears to be overvalued.
The current stock price of $15.19 is trading 171.3% above its estimated GF Value™ of $5.60.
GuruFocus considers Tidewater Midstream and Infrastructure to be Significantly Overvalued.
Key valuation signals for TWMIF:
Sloan Ratio %: -14.68%
GF Value™: $5.60 vs. price of $15.19 (171.3% above fair value)
No single metric tells the full story. See the TWMIF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tidewater Midstream and Infrastructure Business Description
Tidewater Midstream and Infrastructure Ltd is a Canadian company that is engaged in providing midstream infrastructure and a natural gas storage facility. It mainly focuses on the purchase, sale, and transportation of Natural Gas Liquids (NGLs) such as propane, butane, and natural gasoline throughout North America and exports to premium markets. The business activities of the company include gathering, processing, and transportation related to raw gas gathering systems, processing plants, and pipelines, NGL marketing and Extraction, refined products, and other activities.
44GF Score
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Sloan Ratio % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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