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 Mar. 2026, Metro Performance Glass has a Sloan Ratio of -7.15%, indicating the company is in the safe zone and there is no funny business with accruals.
Metro Performance Glass (ASX:MPP) 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, Metro Performance Glass has a Sloan Ratio of -7.15%, indicating the company is in the safe zone and there is no funny business with accruals.
Metro Performance Glass Sloan Ratio % Related Terms
Metro Performance Glass 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:MPP vs TT, JCI, CARR: Sloan Ratio % Comparison
For the Building Products & Equipment subindustry, Metro Performance Glass'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.
Metro Performance Glass Sloan Ratio % vs Construction Industry
For the Construction industry and Industrials sector, Metro Performance Glass's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Metro Performance Glass'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.
Metro Performance Glass's Sloan Ratio for the fiscal year that ended in Mar. 2026 is calculated as
For company reported semi-annually, GuruFocus uses latest two semi-annual data as the TTM data.
Metro Performance Glass's Net Income for the trailing twelve months (TTM) ended in Mar. 2026 was 2.562 (Sep. 2025 ) + -3.177 (Mar. 2026 ) = A$-0.6 Mil.
Metro Performance Glass's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was 5.152 (Sep. 2025 ) + 8.248 (Mar. 2026 ) = A$13.4 Mil.
Metro Performance Glass's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2026 was -1.249 (Sep. 2025 ) + -1.089 (Mar. 2026 ) = A$-2.3 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.
Metro Performance Glass (ASX:MPP) has a Sloan Ratio % of -7.15% as of Mar. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Metro Performance Glass and its competitors.
Is Metro Performance Glass' Sloan Ratio % too high?
Metro Performance Glass' current Sloan Ratio % is -7.15%. Overall, Metro Performance Glass has a GF Score™ of 35/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Metro Performance Glass' Sloan Ratio % compare to TT and JCI?
Metro Performance Glass' Sloan Ratio % of -7.15% can be compared against companies in the Construction 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 Construction company?
A good Sloan Ratio % depends on the Construction 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 Metro Performance Glass and its competitors. Metro Performance Glass's current Sloan Ratio % is -7.15%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Metro Performance Glass stock overvalued right now?
Based on GuruFocus' analysis, Metro Performance Glass (ASX:MPP) is currently considered Significantly Overvalued. The stock's GF Value™ is A$0.52, compared to a current price of A$1.02 — trading 95.2% above its estimated fair value. The current Sloan Ratio % is -7.15%. Metro Performance Glass' overall GF Score™ is 35/100 with 6 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 Metro Performance Glass (ASX:MPP), the current Sloan Ratio % is -7.15% 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 Metro Performance Glass (ASX:MPP) Overvalued in 2026?
Based on GuruFocus' analysis, Metro Performance Glass stock appears to be overvalued.
The current stock price of A$1.02 is trading 95.2% above its estimated GF Value™ of A$0.52.
GuruFocus considers Metro Performance Glass to be Significantly Overvalued.
Key valuation signals for ASX:MPP:
Sloan Ratio %: -7.15%
GF Value™: A$0.52 vs. price of A$1.02 (95.2% above fair value)
No single metric tells the full story. See the ASX:MPP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Metro Performance Glass Ltd operates as a glass processor. It group supplies processed flat glass and related products to the residential and commercial building sectors. It offers a range of glass products, including Decorative Glass, low Glass, Mirrors, bathroom shower screens, Shower Glass, Safety Security glass, Obscure, Frosted, and Privacy Glass, doors, and others. Its geographical segments include New Zealand and Australia. It generates a majority of its revenue from New Zealand.
35GF Score
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