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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, Alpha Real Estate Services has a Sloan Ratio of -3.15%, indicating the company is in the safe zone and there is no funny business with accruals.
Alpha Real Estate Services (ATH:ASTAK) 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, Alpha Real Estate Services has a Sloan Ratio of -3.15%, indicating the company is in the safe zone and there is no funny business with accruals.
Alpha Real Estate Services Sloan Ratio % Related Terms
Alpha Real Estate Services 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.
ATH:ASTAK vs CBRE, BEKE, JLL: Sloan Ratio % Comparison
For the Real Estate Services subindustry, Alpha Real Estate Services'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.
Alpha Real Estate Services Sloan Ratio % vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Alpha Real Estate Services's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Alpha Real Estate Services's Sloan Ratio % falls into.
Alpha Real Estate Services 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.
Alpha Real Estate Services's Net Income for the trailing twelve months (TTM) ended in Dec. 2025 was 2.387 (Jun. 2025 ) + 5.133 (Dec. 2025 ) = €7.52 Mil.
Alpha Real Estate Services's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2025 was 1.572 (Jun. 2025 ) + 1.107 (Dec. 2025 ) = €2.68 Mil.
Alpha Real Estate Services's Cash Flow from Investing for the trailing twelve months (TTM) ended in Dec. 2025 was 6.361 (Jun. 2025 ) + 1.044 (Dec. 2025 ) = €7.41 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.
Alpha Real Estate Services (ATH:ASTAK) has a Sloan Ratio % of -3.15% as of Dec. 2025. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Alpha Real Estate Services and its competitors.
Is Alpha Real Estate Services' Sloan Ratio % too high?
Alpha Real Estate Services' current Sloan Ratio % is -3.15%. Overall, Alpha Real Estate Services has a GF Score™ of 81/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Alpha Real Estate Services' Sloan Ratio % compare to CBRE and BEKE?
Alpha Real Estate Services' Sloan Ratio % of -3.15% can be compared against companies in the Real Estate 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 Real Estate company?
A good Sloan Ratio % depends on the Real Estate 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 Alpha Real Estate Services and its competitors. Alpha Real Estate Services's current Sloan Ratio % is -3.15%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Alpha Real Estate Services stock overvalued right now?
Based on GuruFocus' analysis, Alpha Real Estate Services (ATH:ASTAK) is currently considered Significantly Undervalued. The stock's GF Value™ is €12.64, compared to a current price of €7.40 — trading 41.5% below its estimated fair value. The current Sloan Ratio % is -3.15%. Alpha Real Estate Services' overall GF Score™ is 81/100 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 Alpha Real Estate Services (ATH:ASTAK), the current Sloan Ratio % is -3.15% 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 Alpha Real Estate Services (ATH:ASTAK) Overvalued in 2026?
Based on GuruFocus' analysis, Alpha Real Estate Services stock appears to be undervalued.
The current stock price of €7.40 is trading 41.5% below its estimated GF Value™ of €12.64.
GuruFocus considers Alpha Real Estate Services to be Significantly Undervalued.
Key valuation signals for ATH:ASTAK:
Sloan Ratio %: -3.15%
GF Value™: €12.64 vs. price of €7.40 (41.5% below fair value)
No single metric tells the full story. See the ATH:ASTAK stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Alpha Real Estate Services SA is engaged in the management and exploitation of properties owned by it or third parties, the provision of technical advice on related matters, the provision of real estate and brokerage services, the preparation of studies of all kinds, the provision of general advice on the above matters, the carrying out of assessments and valuations of assets and mechanical equipment and in general assessments on behalf of third parties on related matters.
81GF Score
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Sloan Ratio % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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