Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
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.
As of Dec. 2025, CapitaLand Ascendas REIT has a Sloan Ratio of 5.58%, indicating the company is in the safe zone and there is no funny business with accruals.
CapitaLand Ascendas REIT (OTCPK:ACDSF) 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 Dec. 2025, CapitaLand Ascendas REIT has a Sloan Ratio of 5.58%, indicating the company is in the safe zone and there is no funny business with accruals.
CapitaLand Ascendas REIT Sloan Ratio % Related Terms
CapitaLand Ascendas REIT Sloan Ratio % Historical Data
* 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 REIT - Industrial subindustry, CapitaLand Ascendas REIT'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.
CapitaLand Ascendas REIT Sloan Ratio % vs REITs Industry
For the REITs industry and Real Estate sector, CapitaLand Ascendas REIT's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where CapitaLand Ascendas REIT's Sloan Ratio % falls into.
CapitaLand Ascendas REIT Sloan Ratio % Calculation
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.
CapitaLand Ascendas REIT's Sloan Ratio for the fiscal year that ended in Dec. 2025 is calculated as
For company reported semi-annually, GuruFocus uses latest two semi-annual data as the TTM data.
CapitaLand Ascendas REIT's Net Income for the trailing twelve months (TTM) ended in Dec. 2025 was 236.052 (Jun. 2025 ) + 369.551 (Dec. 2025 ) = $606 Mil.
CapitaLand Ascendas REIT's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2025 was 410.917 (Jun. 2025 ) + 457.649 (Dec. 2025 ) = $869 Mil.
CapitaLand Ascendas REIT's Cash Flow from Investing for the trailing twelve months (TTM) ended in Dec. 2025 was -246.619 (Jun. 2025 ) + -871.935 (Dec. 2025 ) = $-1,119 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.
CapitaLand Ascendas REIT (ACDSF) has a Sloan Ratio % of 5.58% as of Dec. 2025. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on CapitaLand Ascendas REIT and its competitors.
Is CapitaLand Ascendas REIT's Sloan Ratio % too high?
CapitaLand Ascendas REIT's current Sloan Ratio % is 5.58%. Overall, CapitaLand Ascendas REIT has a GF Score™ of 77/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does CapitaLand Ascendas REIT's Sloan Ratio % compare to PLD and PSA?
CapitaLand Ascendas REIT's Sloan Ratio % of 5.58% can be compared against companies in the REITs 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 REITs company?
A good Sloan Ratio % depends on the REITs 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 CapitaLand Ascendas REIT and its competitors. CapitaLand Ascendas REIT's current Sloan Ratio % is 5.58%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CapitaLand Ascendas REIT stock overvalued right now?
Based on GuruFocus' analysis, CapitaLand Ascendas REIT (ACDSF) is currently considered Fairly Valued. The stock's GF Value™ is $1.83, compared to a current price of $1.94 — trading 6% above its estimated fair value. The current Sloan Ratio % is 5.58%. CapitaLand Ascendas REIT's overall GF Score™ is 77/100 with 9 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 CapitaLand Ascendas REIT (ACDSF), the current Sloan Ratio % is 5.58% as of Dec. 2025. 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 CapitaLand Ascendas REIT (ACDSF) Overvalued in 2026?
Based on GuruFocus' analysis, CapitaLand Ascendas REIT stock appears to be overvalued.
The current stock price of $1.94 is trading 6% above its estimated GF Value™ of $1.83.
GuruFocus considers CapitaLand Ascendas REIT to be Fairly Valued.
Key valuation signals for ACDSF:
Sloan Ratio %: 5.58%
GF Value™: $1.83 vs. price of $1.94 (6% above fair value)
No single metric tells the full story. See the ACDSF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
CapitaLand Ascendas REIT is a real estate investment trust focusing on the industrial and business space. As of Dec. 31, 2025, it held a SGD 18.2 billion portfolio of 222 properties across Singapore, Australia, Europe, and the US. The property types encompass business and science parks, high-specification industrial properties, data centers, light industrial properties, and logistics and distribution centers. The trust is externally managed by Ascendas Funds Management, a subsidiary of CapitaLand Investment, which owns a 17.5% stake in the trust.
77GF Score
Get the complete analysis for ACDSF
Sloan Ratio % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
ACDSF has been successfully added to your 
