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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.
As of Dec. 2025, Charter Hall Long WALE REIT has a Sloan Ratio of 5.02%, indicating the company is in the safe zone and there is no funny business with accruals.
Charter Hall Long WALE REIT (ASX:CLW) 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, Charter Hall Long WALE REIT has a Sloan Ratio of 5.02%, indicating the company is in the safe zone and there is no funny business with accruals.
Charter Hall Long WALE REIT Sloan Ratio % Related Terms
Charter Hall Long WALE 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.
ASX:CLW vs VICI, WPC, BNL: Sloan Ratio % Comparison
For the REIT - Diversified subindustry, Charter Hall Long WALE 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.
Charter Hall Long WALE REIT Sloan Ratio % vs REITs Industry
For the REITs industry and Real Estate sector, Charter Hall Long WALE REIT's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Charter Hall Long WALE REIT's Sloan Ratio % falls into.
Charter Hall Long WALE 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.
For company reported semi-annually, GuruFocus uses latest two semi-annual data as the TTM data.
Charter Hall Long WALE REIT's Net Income for the trailing twelve months (TTM) ended in Dec. 2025 was 67 (Jun. 2025 ) + 153.571 (Dec. 2025 ) = A$220.6 Mil.
Charter Hall Long WALE REIT's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2025 was 86.677 (Jun. 2025 ) + 128.168 (Dec. 2025 ) = A$214.8 Mil.
Charter Hall Long WALE REIT's Cash Flow from Investing for the trailing twelve months (TTM) ended in Dec. 2025 was 35.061 (Jun. 2025 ) + -298.052 (Dec. 2025 ) = A$-263.0 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.
Charter Hall Long WALE REIT (ASX:CLW) has a Sloan Ratio % of 5.02% as of Dec. 2025. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Charter Hall Long WALE REIT and its competitors.
Is Charter Hall Long WALE REIT's Sloan Ratio % too high?
Charter Hall Long WALE REIT's current Sloan Ratio % is 5.02%. Overall, Charter Hall Long WALE REIT has a GF Score™ of 70/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Charter Hall Long WALE REIT's Sloan Ratio % compare to VICI and WPC?
Charter Hall Long WALE REIT's Sloan Ratio % of 5.02% 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 Charter Hall Long WALE REIT and its competitors. Charter Hall Long WALE REIT's current Sloan Ratio % is 5.02%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Charter Hall Long WALE REIT stock overvalued right now?
Based on GuruFocus' analysis, Charter Hall Long WALE REIT (ASX:CLW) is currently considered Possible Value Trap. The stock's GF Value™ is A$6.15, compared to a current price of A$3.67 — trading 40.3% below its estimated fair value. The current Sloan Ratio % is 5.02%. Charter Hall Long WALE REIT's overall GF Score™ is 70/100 with 8 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 Charter Hall Long WALE REIT (ASX:CLW), the current Sloan Ratio % is 5.02% 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 Charter Hall Long WALE REIT (ASX:CLW) Overvalued in 2026?
Based on GuruFocus' analysis, Charter Hall Long WALE REIT stock appears to be undervalued.
The current stock price of A$3.67 is trading 40.3% below its estimated GF Value™ of A$6.15.
GuruFocus considers Charter Hall Long WALE REIT to be Possible Value Trap.
Key valuation signals for ASX:CLW:
Sloan Ratio %: 5.02%
GF Value™: A$6.15 vs. price of A$3.67 (40.3% below fair value)
No single metric tells the full story. See the ASX:CLW stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Charter Hall Long WALE REIT is a listed investment vehicle established and managed by Charter Hall Group. The REIT pays management fees to the parent group. There are over 500 properties on balance sheet and in joint ventures, spanning retail, industrial, office, data centers and social infrastructure. The portfolio typically has near full occupancy and long weighted average lease expiry, or WALE, of around 10 years. About half the leases are subject to annual inflation-linked rental uplifts, and half to fixed annual increases (typically 3%). One third of the REIT's income is rents collected from the properties held on its own balance sheet and the rest is co-investment earnings from a dozen joint ventures.
70GF Score
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