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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.
ExxonMobil Holdings's Sloan Ratio for the quarter that ended in Mar. 2026 was 1.18%.
As of Mar. 2026, ExxonMobil Holdings has a Sloan Ratio of 1.18%, indicating the company is in the safe zone and there is no funny business with accruals.
ExxonMobil Holdings (XSWX:XOM) 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, ExxonMobil Holdings has a Sloan Ratio of 1.18%, indicating the company is in the safe zone and there is no funny business with accruals.
ExxonMobil Holdings Sloan Ratio % Related Terms
ExxonMobil Holdings Sloan Ratio % Historical Data
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The historical data trend for ExxonMobil Holdings'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:XOM vs CVX, NFG, DEC: Sloan Ratio % Comparison
For the Oil & Gas Integrated subindustry, ExxonMobil Holdings'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.
ExxonMobil Holdings Sloan Ratio % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, ExxonMobil Holdings's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where ExxonMobil Holdings'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.
ExxonMobil Holdings's Sloan Ratio for the fiscal year that ended in Dec. 2025 is calculated as
ExxonMobil Holdings's Net Income for the trailing twelve months (TTM) ended in Mar. 2026 was 5759.082 (Jun. 2025 ) + 6008.963 (Sep. 2025 ) + 5180.647 (Dec. 2025 ) + 3293.276 (Mar. 2026 ) = CHF20,242 Mil.
ExxonMobil Holdings's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was 9392.46 (Jun. 2025 ) + 11772.727 (Sep. 2025 ) + 10103.895 (Dec. 2025 ) + 6853.447 (Mar. 2026 ) = CHF38,123 Mil.
ExxonMobil Holdings's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2026 was -5025.576 (Jun. 2025 ) + -6750.132 (Sep. 2025 ) + -5684.288 (Dec. 2025 ) + -4728.524 (Mar. 2026 ) = CHF-22,189 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.
ExxonMobil Holdings (XSWX:XOM) has a Sloan Ratio % of 1.18% as of Mar. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on ExxonMobil Holdings and its competitors.
Is ExxonMobil Holdings' Sloan Ratio % too high?
ExxonMobil Holdings' current Sloan Ratio % is 1.18%. Overall, ExxonMobil Holdings has a GF Score™ of 64/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does ExxonMobil Holdings' Sloan Ratio % compare to CVX and NFG?
ExxonMobil Holdings' Sloan Ratio % of 1.18% 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 ExxonMobil Holdings and its competitors. ExxonMobil Holdings's current Sloan Ratio % is 1.18%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ExxonMobil Holdings stock overvalued right now?
Based on GuruFocus' analysis, ExxonMobil Holdings (XSWX:XOM) is currently considered Significantly Overvalued. The stock's GF Value™ is CHF95.27, compared to a current price of CHF127.04 — trading 33.3% above its estimated fair value. The current Sloan Ratio % is 1.18%. ExxonMobil Holdings' overall GF Score™ is 64/100 with 4 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 ExxonMobil Holdings (XSWX:XOM), the current Sloan Ratio % is 1.18% 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 ExxonMobil Holdings (XSWX:XOM) Overvalued in 2026?
Based on GuruFocus' analysis, ExxonMobil Holdings stock appears to be overvalued.
The current stock price of CHF127.04 is trading 33.3% above its estimated GF Value™ of CHF95.27.
GuruFocus considers ExxonMobil Holdings to be Significantly Overvalued.
Key valuation signals for XSWX:XOM:
Sloan Ratio %: 1.18%
GF Value™: CHF95.27 vs. price of CHF127.04 (33.3% above fair value)
No single metric tells the full story. See the XSWX:XOM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
ExxonMobil is an integrated oil and gas company that explores for, produces, and refines oil worldwide. In 2025, it produced 3.3 million barrels of liquids and 8.4 billion cubic feet of natural gas per day. At the end of 2025, reserves were 19.3 billion barrels of oil equivalent, 69% of which were liquids. The company is one of the world's largest refiners, with a total global refining capacity of 4.1 million barrels of oil per day, and is one of the world's largest manufacturers of commodity and specialty chemicals.
64GF Score
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