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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.
Waystar Holding's Sloan Ratio for the quarter that ended in Mar. 2026 was 9.58%.
As of Mar. 2026, Waystar Holding has a Sloan Ratio of 9.58%, indicating the company is in the safe zone and there is no funny business with accruals.
Waystar Holding (NAS:WAY) 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, Waystar Holding has a Sloan Ratio of 9.58%, indicating the company is in the safe zone and there is no funny business with accruals.
Waystar Holding Sloan Ratio % Related Terms
Waystar Holding Sloan Ratio % Historical Data
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The historical data trend for Waystar Holding'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.
For the Health Information Services subindustry, Waystar Holding'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.
Waystar Holding Sloan Ratio % vs Healthcare Providers & Services Industry
For the Healthcare Providers & Services industry and Healthcare sector, Waystar Holding's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Waystar Holding'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.
Waystar Holding's Sloan Ratio for the fiscal year that ended in Dec. 2025 is calculated as
Waystar Holding's Net Income for the trailing twelve months (TTM) ended in Mar. 2026 was 32.184 (Jun. 2025 ) + 30.648 (Sep. 2025 ) + 19.988 (Dec. 2025 ) + 43.283 (Mar. 2026 ) = $126 Mil.
Waystar Holding's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was 96.76 (Jun. 2025 ) + 82.03 (Sep. 2025 ) + 66.634 (Dec. 2025 ) + 84.913 (Mar. 2026 ) = $330 Mil.
Waystar Holding's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2026 was -31.861 (Jun. 2025 ) + 44.649 (Sep. 2025 ) + -663.827 (Dec. 2025 ) + -112.485 (Mar. 2026 ) = $-764 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.
Waystar Holding (WAY) has a Sloan Ratio % of 9.58% as of Mar. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Waystar Holding and its competitors.
Is Waystar Holding's Sloan Ratio % too high?
Waystar Holding's current Sloan Ratio % is 9.58%. Overall, Waystar Holding has a GF Score™ of 14/100, reflecting its overall financial health beyond just this single metric.
How does Waystar Holding's Sloan Ratio % compare to DOCS and PRVA?
Waystar Holding's Sloan Ratio % of 9.58% can be compared against companies in the Healthcare Providers & Services 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 Healthcare Providers & Services company?
A good Sloan Ratio % depends on the Healthcare Providers & Services 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 Waystar Holding and its competitors. Waystar Holding's current Sloan Ratio % is 9.58%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Waystar Holding stock overvalued right now?
Waystar Holding (WAY) has a current Sloan Ratio % of 9.58%. The current Sloan Ratio % is 9.58%. Waystar Holding's overall GF Score™ is 14/100 with 3 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 Waystar Holding (WAY), the current Sloan Ratio % is 9.58% 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.
Waystar Holding Corp is a provider of mission-critical cloud technology to healthcare organizations. Its enterprise-grade platform transforms the complex and disparate processes comprising healthcare payments received by healthcare providers from payers and patients, from pre-service engagement through post-service remittance and reconciliation. its platform enhances data integrity, eliminates manual tasks, and improves claim and billing accuracy, which results in transparency, reduced labor costs, and faster, more accurate reimbursement and cash flow. The market for solutions extends throughout the United States and includes Puerto Rico and other USA Territories.
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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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