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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.
Under Armour's Sloan Ratio for the quarter that ended in Jun. 2026 was -10.05%.
As of Jun. 2026, Under Armour has a Sloan Ratio of -10.05%, indicating there is a warning stage of accrual build up.
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 Jun. 2026, Under Armour has a Sloan Ratio of -10.05%, indicating there is a warning stage of accrual build up.
Under Armour Sloan Ratio % Related Terms
Under Armour Sloan Ratio % Historical Data
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The historical data trend for Under Armour'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.
WBO:UAC vs COLM, PVH, ZGN: Sloan Ratio % Comparison
For the Apparel Manufacturing subindustry, Under Armour'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.
Under Armour Sloan Ratio % vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Under Armour's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Under Armour'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.
Under Armour's Sloan Ratio for the fiscal year that ended in Mar. 2026 is calculated as
Under Armour's Net Income for the trailing twelve months (TTM) ended in Jun. 2026 was -16.03 (Sep. 2025 ) + -367.926 (Dec. 2025 ) + -37.532 (Mar. 2026 ) + 0.473 (Jun. 2026 ) = €-421 Mil.
Under Armour's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 was -59.495 (Sep. 2025 ) + 237.461 (Dec. 2025 ) + -287.324 (Mar. 2026 ) + 94.731 (Jun. 2026 ) = €-15 Mil.
Under Armour's Cash Flow from Investing for the trailing twelve months (TTM) ended in Jun. 2026 was -530.135 (Sep. 2025 ) + -13.764 (Dec. 2025 ) + -13.068 (Mar. 2026 ) + 508.127 (Jun. 2026 ) = €-49 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.
Under Armour (WBO:UAC) has a Sloan Ratio % of -10.05% as of Jun. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Under Armour and its competitors.
Is Under Armour's Sloan Ratio % too high?
Under Armour's current Sloan Ratio % is -10.05%. Overall, Under Armour has a GF Score™ of 56/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Under Armour's Sloan Ratio % compare to COLM and PVH?
Under Armour's Sloan Ratio % of -10.05% can be compared against companies in the Manufacturing - Apparel & Accessories 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 Manufacturing - Apparel & Accessories company?
A good Sloan Ratio % depends on the Manufacturing - Apparel & Accessories 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 Under Armour and its competitors. Under Armour's current Sloan Ratio % is -10.05%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Under Armour stock overvalued right now?
Based on GuruFocus' analysis, Under Armour (WBO:UAC) is currently considered Modestly Undervalued. The stock's GF Value™ is €5.44, compared to a current price of €4.45 — trading 18.2% below its estimated fair value. The current Sloan Ratio % is -10.05%. Under Armour's overall GF Score™ is 56/100 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 Under Armour (WBO:UAC), the current Sloan Ratio % is -10.05% as of Jun. 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 Under Armour (WBO:UAC) Overvalued in 2026?
Based on GuruFocus' analysis, Under Armour stock appears to be undervalued.
The current stock price of €4.45 is trading 18.2% below its estimated GF Value™ of €5.44.
GuruFocus considers Under Armour to be Modestly Undervalued.
Key valuation signals for WBO:UAC:
Sloan Ratio %: -10.05%
GF Value™: €5.44 vs. price of €4.45 (18.2% below fair value)
No single metric tells the full story. See the WBO:UAC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Under Armour develops, markets, and distributes athletic apparel, footwear, and accessories in North America, Asia-Pacific, Europe, and Latin America. Consumers of its performance-based clothing and shoes include professional and amateur athletes, sponsored college and professional teams, and people with active lifestyles. The company sells merchandise through wholesale partners, company-owned digital channels, and approximately 440 company-owned outlet and full-price stores. The Baltimore-based firm was founded in 1996 and is led by controlling shareholder Kevin Plank.
56GF 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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