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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.
Becton Dickinson's Sloan Ratio for the quarter that ended in Mar. 2026 was -2.96%.
As of Mar. 2026, Becton Dickinson has a Sloan Ratio of -2.96%, indicating the company is in the safe zone and there is no funny business with accruals.
Becton Dickinson (XSWX:BDX) 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, Becton Dickinson has a Sloan Ratio of -2.96%, indicating the company is in the safe zone and there is no funny business with accruals.
Becton Dickinson Sloan Ratio % Related Terms
Becton Dickinson Sloan Ratio % Historical Data
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The historical data trend for Becton Dickinson'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.
XSWX:BDX vs MDLN, RMD, WST: Sloan Ratio % Comparison
For the Medical Instruments & Supplies subindustry, Becton Dickinson'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.
Becton Dickinson Sloan Ratio % vs Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, Becton Dickinson's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Becton Dickinson'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.
Becton Dickinson's Sloan Ratio for the fiscal year that ended in Sep. 2025 is calculated as
Becton Dickinson's Net Income for the trailing twelve months (TTM) ended in Mar. 2026 was 466.777 (Jun. 2025 ) + 392.477 (Sep. 2025 ) + 304.416 (Dec. 2025 ) + -244.85 (Mar. 2026 ) = CHF919 Mil.
Becton Dickinson's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was 992.104 (Jun. 2025 ) + 1078.715 (Sep. 2025 ) + 522.766 (Dec. 2025 ) + 472.38 (Mar. 2026 ) = CHF3,066 Mil.
Becton Dickinson's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2026 was -273.235 (Jun. 2025 ) + -393.273 (Sep. 2025 ) + -145.833 (Dec. 2025 ) + -151.162 (Mar. 2026 ) = CHF-964 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.
Becton Dickinson (XSWX:BDX) has a Sloan Ratio % of -2.96% as of Mar. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Becton Dickinson and its competitors.
Is Becton Dickinson's Sloan Ratio % too high?
Becton Dickinson's current Sloan Ratio % is -2.96%. Overall, Becton Dickinson has a GF Score™ of 77/100, reflecting its overall financial health beyond just this single metric.
How does Becton Dickinson's Sloan Ratio % compare to MDLN and RMD?
Becton Dickinson's Sloan Ratio % of -2.96% can be compared against companies in the Medical Devices & Instruments 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 Medical Devices & Instruments company?
A good Sloan Ratio % depends on the Medical Devices & Instruments 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 Becton Dickinson and its competitors. Becton Dickinson's current Sloan Ratio % is -2.96%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Becton Dickinson stock overvalued right now?
Becton Dickinson (XSWX:BDX) has a current Sloan Ratio % of -2.96%. The stock's GF Value™ is CHF153.17, compared to a current price of CHF127.16 — trading 17% below its estimated fair value. The current Sloan Ratio % is -2.96%. Becton Dickinson's overall GF Score™ is 77/100 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 Becton Dickinson (XSWX:BDX), the current Sloan Ratio % is -2.96% 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 Becton Dickinson (XSWX:BDX) Overvalued in 2026?
Based on GuruFocus' analysis, Becton Dickinson stock appears to be undervalued.
The current stock price of CHF127.16 is trading 17% below its estimated GF Value™ of CHF153.17.
Key valuation signals for XSWX:BDX:
Sloan Ratio %: -2.96%
GF Value™: CHF153.17 vs. price of CHF127.16 (17% below fair value)
No single metric tells the full story. See the XSWX:BDX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Becton Dickinson operates in four business units. Medical essentials (35% of total sales) includes the legacy medical surgical unit, which sells catheters, syringes, and infection prevention products. Connected care (24%) core products include the Alaris infusion pump, Pyxis dispensing system, and pharmacy automation platforms. Biopharma systems (13%) produces prefillable syringes and autoinjectors. Interventional (29%) is composed of the surgery, peripheral vascular, and urology segments. More than 60% of revenue comes from the United States.
77GF Score
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