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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.
Phoenix Group's Sloan Ratio for the quarter that ended in Jun. 2026 was -32.87%.
Warning Sign:
When sloan ratio (-38.41)% higher than 25% or lower than -25%, earnings are more likely to be made up of accruals.
As of Jun. 2026, Phoenix Group has a Sloan Ratio of -32.87%, indicating earnings are more likely to be made up of accruals.
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, Phoenix Group has a Sloan Ratio of -32.87%, indicating earnings are more likely to be made up of accruals.
Phoenix Group Sloan Ratio % Related Terms
Phoenix Group Sloan Ratio % Historical Data
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The historical data trend for Phoenix Group'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.
ADX:PHX vs SNX, ARW, AVT: Sloan Ratio % Comparison
For the Electronics & Computer Distribution subindustry, Phoenix Group'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.
Phoenix Group Sloan Ratio % vs Hardware Industry
For the Hardware industry and Technology sector, Phoenix Group's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Phoenix Group'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.
Phoenix Group's Sloan Ratio for the fiscal year that ended in Dec. 2025 is calculated as
Phoenix Group's Net Income for the trailing twelve months (TTM) ended in Jun. 2026 was -170.272 (Sep. 2025 ) + -156.159 (Dec. 2025 ) + -297.605 (Mar. 2026 ) + -36.692 (Jun. 2026 ) = د.إ-660.7 Mil.
Phoenix Group's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 was 16.28 (Sep. 2025 ) + 98.566 (Dec. 2025 ) + 41.474 (Mar. 2026 ) + 46.788 (Jun. 2026 ) = د.إ203.1 Mil.
Phoenix Group's Cash Flow from Investing for the trailing twelve months (TTM) ended in Jun. 2026 was -35.19 (Sep. 2025 ) + -51.136 (Dec. 2025 ) + -20.313 (Mar. 2026 ) + -41.731 (Jun. 2026 ) = د.إ-148.4 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.
Phoenix Group (ADX:PHX) has a Sloan Ratio % of -32.87% as of Jun. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Phoenix Group and its competitors.
Is Phoenix Group's Sloan Ratio % too high?
Phoenix Group's current Sloan Ratio % is -32.87%. Overall, Phoenix Group has a GF Score™ of 32/100, reflecting its overall financial health beyond just this single metric.
How does Phoenix Group's Sloan Ratio % compare to SNX and ARW?
Phoenix Group's Sloan Ratio % of -32.87% can be compared against companies in the Hardware 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 Hardware company?
A good Sloan Ratio % depends on the Hardware 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 Phoenix Group and its competitors. Phoenix Group's current Sloan Ratio % is -32.87%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Phoenix Group stock overvalued right now?
Phoenix Group (ADX:PHX) has a current Sloan Ratio % of -32.87%. The current Sloan Ratio % is -32.87%. Phoenix Group's overall GF Score™ is 32/100 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 Phoenix Group (ADX:PHX), the current Sloan Ratio % is -32.87% 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.
Phoenix Group PLC is a technology conglomerate bringing blockchain solutions to an expansive market. The Group develops, operates, and manages specialized data centres, hosting class performance computing power for digital assets across the UAE, Oman, the U.S., and Canada. Additionally, it also hosts, operates, and maintains equipment within its existing data centres and enables investment opportunities within cloud mining. The Group is the exclusive distributor of equipment manufacturer MicroBT and a prominent distributor of Digital wallet Ledgers and CoolWallets across the Middle East. The Group has four business verticals: Mining, Hosting, Trading, and Investment. The company operates in United Arab Emirates, Ethiopia, Oman, United States of America, and Canada.
32GF Score
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