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.
Britania PCL's Sloan Ratio for the quarter that ended in Mar. 2026 was -0.90%.
As of Mar. 2026, Britania PCL has a Sloan Ratio of -0.90%, indicating the company is in the safe zone and there is no funny business with accruals.
Britania PCL (BKK:BRI-R) 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, Britania PCL has a Sloan Ratio of -0.90%, indicating the company is in the safe zone and there is no funny business with accruals.
Britania PCL Sloan Ratio % Related Terms
Britania PCL Sloan Ratio % Historical Data
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The historical data trend for Britania PCL'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 Real Estate - Development subindustry, Britania PCL'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.
Britania PCL Sloan Ratio % vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Britania PCL's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Britania PCL'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.
Britania PCL's Sloan Ratio for the fiscal year that ended in Dec. 2025 is calculated as
Britania PCL's Net Income for the trailing twelve months (TTM) ended in Mar. 2026 was 95.498 (Jun. 2025 ) + 77.389 (Sep. 2025 ) + -34.419 (Dec. 2025 ) + -29.438 (Mar. 2026 ) = ฿109 Mil.
Britania PCL's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was 67.682 (Jun. 2025 ) + 437.638 (Sep. 2025 ) + 47.059 (Dec. 2025 ) + -64.339 (Mar. 2026 ) = ฿488 Mil.
Britania PCL's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2026 was -240.742 (Jun. 2025 ) + 285.991 (Sep. 2025 ) + -121.098 (Dec. 2025 ) + -135.042 (Mar. 2026 ) = ฿-211 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.
Britania PCL (BKK:BRI-R) has a Sloan Ratio % of -0.90% as of Mar. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Britania PCL and its competitors.
Is Britania PCL's Sloan Ratio % too high?
Britania PCL's current Sloan Ratio % is -0.90%. Overall, Britania PCL has a GF Score™ of 43/100, reflecting its overall financial health beyond just this single metric.
How does Britania PCL's Sloan Ratio % compare to competitors?
Britania PCL's Sloan Ratio % of -0.90% 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 Britania PCL and its competitors. Britania PCL's current Sloan Ratio % is -0.90%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Britania PCL stock overvalued right now?
Britania PCL (BKK:BRI-R) has a current Sloan Ratio % of -0.90%. The stock's GF Value™ is ฿1.07, compared to a current price of ฿1.33 — trading 24.3% above its estimated fair value. The current Sloan Ratio % is -0.90%. Britania PCL's overall GF Score™ is 43/100 with 11 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 Britania PCL (BKK:BRI-R), the current Sloan Ratio % is -0.90% 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 Britania PCL (BKK:BRI-R) Overvalued in 2026?
Based on GuruFocus' analysis, Britania PCL stock appears to be overvalued.
The current stock price of ฿1.33 is trading 24.3% above its estimated GF Value™ of ฿1.07.
Key valuation signals for BKK:BRI-R:
Sloan Ratio %: -0.90%
GF Value™: ฿1.07 vs. price of ฿1.33 (24.3% above fair value)
No single metric tells the full story. See the BKK:BRI-R stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Britania PCL is a real estate developer in Thailand. It is engaged in the development of horizontal residential property, including detached houses, semi-detached houses, and townhomes. The company focuses on project styles and design interiors, optimizes space utilization and amenities, and provides after-sales services related to its projects, catering to the housing needs of a diverse range of customers, including first-time buyers, customer groups that plan to transition from renting to owning, freelance customer groups, senior executives, and large business owners, etc. Its business operations are carried out under the following primary brands: Brighton, Britania, Grand Britania, Belgravia, and Branded Residence Villa.
43GF Score
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