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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.
TPG Telecom's Sloan Ratio for the quarter that ended in Jun. 2026 was -40.60%.
Warning Sign:
When sloan ratio (-39.82)% higher than 25% or lower than -25%, earnings are more likely to be made up of accruals.
As of Jun. 2026, TPG Telecom has a Sloan Ratio of -40.60%, 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, TPG Telecom has a Sloan Ratio of -40.60%, indicating earnings are more likely to be made up of accruals.
TPG Telecom Sloan Ratio % Related Terms
TPG Telecom Sloan Ratio % Historical Data
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The historical data trend for TPG Telecom'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.
For the Telecom Services subindustry, TPG Telecom'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.
TPG Telecom Sloan Ratio % vs Telecommunication Services Industry
For the Telecommunication Services industry and Communication Services sector, TPG Telecom's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where TPG Telecom'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.
TPG Telecom's Sloan Ratio for the fiscal year that ended in Dec. 2025 is calculated as
For company reported semi-annually, GuruFocus uses latest two semi-annual data as the TTM data.
TPG Telecom's Net Income for the trailing twelve months (TTM) ended in Jun. 2026 was 400 (Dec. 2025 ) + 35 (Jun. 2026 ) = A$435 Mil.
TPG Telecom's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 was 1467 (Dec. 2025 ) + 807 (Jun. 2026 ) = A$2,274 Mil.
TPG Telecom's Cash Flow from Investing for the trailing twelve months (TTM) ended in Jun. 2026 was 4364 (Dec. 2025 ) + -479 (Jun. 2026 ) = A$3,885 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.
TPG Telecom (ASX:TPG) has a Sloan Ratio % of -40.60% as of Jun. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on TPG Telecom and its competitors.
Is TPG Telecom's Sloan Ratio % too high?
TPG Telecom's current Sloan Ratio % is -40.60%. Overall, TPG Telecom has a GF Score™ of 58/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does TPG Telecom's Sloan Ratio % compare to VZ and TMUS?
TPG Telecom's Sloan Ratio % of -40.60% can be compared against companies in the Telecommunication Services 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 Telecommunication Services company?
A good Sloan Ratio % depends on the Telecommunication Services 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 TPG Telecom and its competitors. TPG Telecom's current Sloan Ratio % is -40.60%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TPG Telecom stock overvalued right now?
Based on GuruFocus' analysis, TPG Telecom (ASX:TPG) is currently considered Fairly Valued. The stock's GF Value™ is A$4.07, compared to a current price of A$3.84 — trading 5.7% below its estimated fair value. The current Sloan Ratio % is -40.60%. TPG Telecom's overall GF Score™ is 58/100 with 9 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 TPG Telecom (ASX:TPG), the current Sloan Ratio % is -40.60% 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.
Is TPG Telecom (ASX:TPG) Overvalued in 2026?
Based on GuruFocus' analysis, TPG Telecom stock appears to be undervalued.
The current stock price of A$3.84 is trading 5.7% below its estimated GF Value™ of A$4.07.
GuruFocus considers TPG Telecom to be Fairly Valued.
Key valuation signals for ASX:TPG:
Sloan Ratio %: -40.60%
GF Value™: A$4.07 vs. price of A$3.84 (5.7% below fair value)
No single metric tells the full story. See the ASX:TPG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
TPG Telecom is Australia's third-largest telecom services company. It offers mobile, fixed-line broadband and telephony solutions. The group's mobile business caters to all market segments spanning consumer, small business, corporate, wholesale, and government. TPG Telecom has grown substantially since listing on the ASX in 2008, via organic growth and acquisitions, and culminated with the July 2020 Vodafone Hutchison Australia merger, the third-ranked mobile network operator in Australia. It owns an extensive stable of infrastructure assets, including a nationwide mobile network that is upgrading to 5G wireless. In July 2025, TPG sold its fiber assets for AUD 5.3 billion to Vocus.
58GF Score
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