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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.
Al Waha Capital PJSC's Sloan Ratio for the quarter that ended in Mar. 2026 was 1.94%.
As of Mar. 2026, Al Waha Capital PJSC has a Sloan Ratio of 1.94%, indicating the company is in the safe zone and there is no funny business with accruals.
Al Waha Capital PJSC (ADX:WAHA) 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, Al Waha Capital PJSC has a Sloan Ratio of 1.94%, indicating the company is in the safe zone and there is no funny business with accruals.
Al Waha Capital PJSC Sloan Ratio % Related Terms
Al Waha Capital PJSC Sloan Ratio % Historical Data
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The historical data trend for Al Waha Capital PJSC'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:WAHA vs BLK, BX, KKR: Sloan Ratio % Comparison
For the Asset Management subindustry, Al Waha Capital PJSC'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.
Al Waha Capital PJSC Sloan Ratio % vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Al Waha Capital PJSC's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Al Waha Capital PJSC'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.
Al Waha Capital PJSC's Sloan Ratio for the fiscal year that ended in Dec. 2025 is calculated as
Al Waha Capital PJSC's Net Income for the trailing twelve months (TTM) ended in Mar. 2026 was 127.717 (Jun. 2025 ) + 134.38 (Sep. 2025 ) + 669.407 (Dec. 2025 ) + 57.002 (Mar. 2026 ) = د.إ988.5 Mil.
Al Waha Capital PJSC's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was 105.916 (Jun. 2025 ) + -153.667 (Sep. 2025 ) + 497.968 (Dec. 2025 ) + -63.184 (Mar. 2026 ) = د.إ387.0 Mil.
Al Waha Capital PJSC's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2026 was 514.797 (Jun. 2025 ) + -8.281 (Sep. 2025 ) + -3.803 (Dec. 2025 ) + -4.834 (Mar. 2026 ) = د.إ497.9 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.
Al Waha Capital PJSC (ADX:WAHA) has a Sloan Ratio % of 1.94% as of Mar. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Al Waha Capital PJSC and its competitors.
Is Al Waha Capital PJSC's Sloan Ratio % too high?
Al Waha Capital PJSC's current Sloan Ratio % is 1.94%. Overall, Al Waha Capital PJSC has a GF Score™ of 62/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Al Waha Capital PJSC's Sloan Ratio % compare to BLK and BX?
Al Waha Capital PJSC's Sloan Ratio % of 1.94% can be compared against companies in the Asset Management 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 Asset Management company?
A good Sloan Ratio % depends on the Asset Management 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 Al Waha Capital PJSC and its competitors. Al Waha Capital PJSC's current Sloan Ratio % is 1.94%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Al Waha Capital PJSC stock overvalued right now?
Based on GuruFocus' analysis, Al Waha Capital PJSC (ADX:WAHA) is currently considered Modestly Undervalued. The stock's GF Value™ is د.إ2.57, compared to a current price of د.إ1.96 — trading 23.7% below its estimated fair value. The current Sloan Ratio % is 1.94%. Al Waha Capital PJSC's overall GF Score™ is 62/100 with 5 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 Al Waha Capital PJSC (ADX:WAHA), the current Sloan Ratio % is 1.94% 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 Al Waha Capital PJSC (ADX:WAHA) Overvalued in 2026?
Based on GuruFocus' analysis, Al Waha Capital PJSC stock appears to be undervalued.
The current stock price of د.إ1.96 is trading 23.7% below its estimated GF Value™ of د.إ2.57.
GuruFocus considers Al Waha Capital PJSC to be Modestly Undervalued.
Key valuation signals for ADX:WAHA:
Sloan Ratio %: 1.94%
GF Value™: د.إ2.57 vs. price of د.إ1.96 (23.7% below fair value)
No single metric tells the full story. See the ADX:WAHA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Al Waha Capital PJSC is engaged in investment management activities carried out directly. The Company's objective is to generate returns from capital appreciation and investment income by investing in a diversified portfolio across public markets, industrial real estate, investments in infrastructure, healthcare, fintech and oil and gas. It has four segments Waha Land, Public Markets, Corporate, and Private Investment. The company generates majority of revenue from Private Investment. The Private Investments segment holds all of the Group's proprietary investments in diversified industries including financial services, infrastructure, oil and gas, fintech and healthcare. Its funds are Waha Emerging Markets Credit Fund, Waha MENA Equity Fund, and Waha Islamic Income Fund.
62GF Score
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