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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.
Bisalloy Steel Group's Sloan Ratio for the quarter that ended in Dec. 2025 was 3.87%.
As of Dec. 2025, Bisalloy Steel Group has a Sloan Ratio of 3.87%, indicating the company is in the safe zone and there is no funny business with accruals.
Bisalloy Steel Group (ASX:BIS) 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, Bisalloy Steel Group has a Sloan Ratio of 3.87%, indicating the company is in the safe zone and there is no funny business with accruals.
Bisalloy Steel Group Sloan Ratio % Related Terms
Bisalloy Steel Group Sloan Ratio % Historical Data
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The historical data trend for Bisalloy Steel 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.
ASX:BIS vs NUE, STLD, RS: Sloan Ratio % Comparison
For the Steel subindustry, Bisalloy Steel 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.
Bisalloy Steel Group Sloan Ratio % vs Steel Industry
For the Steel industry and Basic Materials sector, Bisalloy Steel Group's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Bisalloy Steel 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.
Bisalloy Steel Group's Sloan Ratio for the fiscal year that ended in Jun. 2025 is calculated as
For company reported semi-annually, GuruFocus uses latest two semi-annual data as the TTM data.
Bisalloy Steel Group's Net Income for the trailing twelve months (TTM) ended in Dec. 2025 was 10.85 (Jun. 2025 ) + 8.455 (Dec. 2025 ) = A$19.3 Mil.
Bisalloy Steel Group's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2025 was 11.561 (Jun. 2025 ) + 1.926 (Dec. 2025 ) = A$13.5 Mil.
Bisalloy Steel Group's Cash Flow from Investing for the trailing twelve months (TTM) ended in Dec. 2025 was -0.669 (Jun. 2025 ) + 1.915 (Dec. 2025 ) = A$1.2 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.
Bisalloy Steel Group (ASX:BIS) has a Sloan Ratio % of 3.87% as of Dec. 2025. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Bisalloy Steel Group and its competitors.
Is Bisalloy Steel Group's Sloan Ratio % too high?
Bisalloy Steel Group's current Sloan Ratio % is 3.87%. Overall, Bisalloy Steel Group has a GF Score™ of 71/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Bisalloy Steel Group's Sloan Ratio % compare to NUE and STLD?
Bisalloy Steel Group's Sloan Ratio % of 3.87% can be compared against companies in the Steel 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 Steel company?
A good Sloan Ratio % depends on the Steel 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 Bisalloy Steel Group and its competitors. Bisalloy Steel Group's current Sloan Ratio % is 3.87%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bisalloy Steel Group stock overvalued right now?
Based on GuruFocus' analysis, Bisalloy Steel Group (ASX:BIS) is currently considered Significantly Overvalued. The stock's GF Value™ is A$3.50, compared to a current price of A$4.75 — trading 35.7% above its estimated fair value. The current Sloan Ratio % is 3.87%. Bisalloy Steel Group's overall GF Score™ is 71/100 with 1 warning sign 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 Bisalloy Steel Group (ASX:BIS), the current Sloan Ratio % is 3.87% 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 Bisalloy Steel Group (ASX:BIS) Overvalued in 2026?
Based on GuruFocus' analysis, Bisalloy Steel Group stock appears to be overvalued.
The current stock price of A$4.75 is trading 35.7% above its estimated GF Value™ of A$3.50.
GuruFocus considers Bisalloy Steel Group to be Significantly Overvalued.
Key valuation signals for ASX:BIS:
Sloan Ratio %: 3.87%
GF Value™: A$3.50 vs. price of A$4.75 (35.7% above fair value)
No single metric tells the full story. See the ASX:BIS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Bisalloy Steel Group Ltd is engaged in the processing and sale of quenched and tempered high-tensile, and abrasion-resistant steel plates. The company is organized into geographical operating segments, being Australian Operations is engaged in the distribution of wear-grade and high tensile plates through distributors and directly to original equipment manufacturers in both Australia and Overseas. Its Overseas Operations engage in the distribution of the abrasion-resistant plate as well as other steel plate products. The Overseas Operations also focus on the marketing and distribution of quench and tempered steel plates. The majority of its revenue is derived from Australian Operations.
71GF Score
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