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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.
Coinbase Global's Sloan Ratio for the quarter that ended in Jun. 2026 was -3.63%.
As of Jun. 2026, Coinbase Global has a Sloan Ratio of -3.63%, indicating the company is in the safe zone and there is no funny business with accruals.
Coinbase Global (XSWX:COIN) 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 Jun. 2026, Coinbase Global has a Sloan Ratio of -3.63%, indicating the company is in the safe zone and there is no funny business with accruals.
Coinbase Global Sloan Ratio % Related Terms
Coinbase Global Sloan Ratio % Historical Data
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The historical data trend for Coinbase Global'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:COIN vs MSCI, NDAQ, CBOE: Sloan Ratio % Comparison
For the Financial Data & Stock Exchanges subindustry, Coinbase Global'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.
Coinbase Global Sloan Ratio % vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Coinbase Global's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Coinbase Global'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.
Coinbase Global's Sloan Ratio for the fiscal year that ended in Dec. 2025 is calculated as
Coinbase Global's Net Income for the trailing twelve months (TTM) ended in Jun. 2026 was 344.355 (Sep. 2025 ) + -531.32 (Dec. 2025 ) + -310.288 (Mar. 2026 ) + -287.323 (Jun. 2026 ) = CHF-785 Mil.
Coinbase Global's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 was -1378.479 (Sep. 2025 ) + 2442.619 (Dec. 2025 ) + 143.874 (Mar. 2026 ) + 157.71 (Jun. 2026 ) = CHF1,366 Mil.
Coinbase Global's Cash Flow from Investing for the trailing twelve months (TTM) ended in Jun. 2026 was -668.369 (Sep. 2025 ) + -316.502 (Dec. 2025 ) + -188.215 (Mar. 2026 ) + -209.009 (Jun. 2026 ) = CHF-1,382 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.
Coinbase Global (XSWX:COIN) has a Sloan Ratio % of -3.63% as of Jun. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Coinbase Global and its competitors.
Is Coinbase Global's Sloan Ratio % too high?
Coinbase Global's current Sloan Ratio % is -3.63%. Overall, Coinbase Global has a GF Score™ of 75/100, reflecting its overall financial health beyond just this single metric.
How does Coinbase Global's Sloan Ratio % compare to MSCI and NDAQ?
Coinbase Global's Sloan Ratio % of -3.63% can be compared against companies in the Capital Markets 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 Capital Markets company?
A good Sloan Ratio % depends on the Capital Markets 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 Coinbase Global and its competitors. Coinbase Global's current Sloan Ratio % is -3.63%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Coinbase Global stock overvalued right now?
Coinbase Global (XSWX:COIN) has a current Sloan Ratio % of -3.63%. The stock's GF Value™ is CHF184.37, compared to a current price of CHF120.74 — trading 34.5% below its estimated fair value. The current Sloan Ratio % is -3.63%. Coinbase Global's overall GF Score™ is 75/100 with 7 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 Coinbase Global (XSWX:COIN), the current Sloan Ratio % is -3.63% 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 Coinbase Global (XSWX:COIN) Overvalued in 2026?
Based on GuruFocus' analysis, Coinbase Global stock appears to be undervalued.
The current stock price of CHF120.74 is trading 34.5% below its estimated GF Value™ of CHF184.37.
Key valuation signals for XSWX:COIN:
Sloan Ratio %: -3.63%
GF Value™: CHF184.37 vs. price of CHF120.74 (34.5% below fair value)
No single metric tells the full story. See the XSWX:COIN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Founded in 2012, Coinbase is the leading cryptocurrency exchange platform in the United States. The company intends to be the safe and regulation-compliant point of entry for retail investors and institutions into the cryptocurrency economy. Users can establish an account directly with the firm, instead of using an intermediary, and many choose to allow Coinbase to act as a custodian for their cryptocurrency, giving the company breadth beyond that of a traditional financial exchange. While the company still generates the majority of its revenue from transaction fees charged to its retail customers, Coinbase uses internal investment and acquisitions to expand into adjacent businesses, such as prime brokerage and data analytics.
75GF Score
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