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.
Beyond Securities PCL's Sloan Ratio for the quarter that ended in Mar. 2026 was -53.18%.
Warning Sign:
When sloan ratio (-43.4)% higher than 25% or lower than -25%, earnings are more likely to be made up of accruals.
As of Mar. 2026, Beyond Securities PCL has a Sloan Ratio of -53.18%, indicating earnings are more likely to be made up of accruals.
Beyond Securities PCL (BKK:BYD-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, Beyond Securities PCL has a Sloan Ratio of -53.18%, indicating earnings are more likely to be made up of accruals.
Beyond Securities PCL Sloan Ratio % Related Terms
Beyond Securities PCL Sloan Ratio % Historical Data
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The historical data trend for Beyond Securities 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.
BKK:BYD-R vs MS, GS, SCHW: Sloan Ratio % Comparison
For the Capital Markets subindustry, Beyond Securities 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.
Beyond Securities PCL Sloan Ratio % vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Beyond Securities PCL's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Beyond Securities 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.
Beyond Securities PCL's Sloan Ratio for the fiscal year that ended in Dec. 2025 is calculated as
Beyond Securities PCL's Net Income for the trailing twelve months (TTM) ended in Mar. 2026 was -2427.555 (Jun. 2025 ) + 157.314 (Sep. 2025 ) + -250.911 (Dec. 2025 ) + 18.612 (Mar. 2026 ) = ฿-2,503 Mil.
Beyond Securities PCL's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was 178.818 (Jun. 2025 ) + -192.127 (Sep. 2025 ) + -31.404 (Dec. 2025 ) + 282.19 (Mar. 2026 ) = ฿237 Mil.
Beyond Securities PCL's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2026 was 29.216 (Jun. 2025 ) + 82.703 (Sep. 2025 ) + 27.328 (Dec. 2025 ) + 1.791 (Mar. 2026 ) = ฿141 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.
Beyond Securities PCL (BKK:BYD-R) has a Sloan Ratio % of -53.18% as of Mar. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Beyond Securities PCL and its competitors.
Is Beyond Securities PCL's Sloan Ratio % too high?
Beyond Securities PCL's current Sloan Ratio % is -53.18%. Overall, Beyond Securities PCL has a GF Score™ of 59/100, reflecting its overall financial health beyond just this single metric.
How does Beyond Securities PCL's Sloan Ratio % compare to MS and GS?
Beyond Securities PCL's Sloan Ratio % of -53.18% can be compared against companies in the Capital Markets 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 Capital Markets company?
A good Sloan Ratio % depends on the Capital Markets 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 Beyond Securities PCL and its competitors. Beyond Securities PCL's current Sloan Ratio % is -53.18%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Beyond Securities PCL stock overvalued right now?
Beyond Securities PCL (BKK:BYD-R) has a current Sloan Ratio % of -53.18%. The stock's GF Value™ is ฿11.46, compared to a current price of ฿4.33 — trading 62.2% below its estimated fair value. The current Sloan Ratio % is -53.18%. Beyond Securities PCL's overall GF Score™ is 59/100 with 4 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 Beyond Securities PCL (BKK:BYD-R), the current Sloan Ratio % is -53.18% 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 Beyond Securities PCL (BKK:BYD-R) Overvalued in 2026?
Based on GuruFocus' analysis, Beyond Securities PCL stock appears to be undervalued.
The current stock price of ฿4.33 is trading 62.2% below its estimated GF Value™ of ฿11.46.
Key valuation signals for BKK:BYD-R:
Sloan Ratio %: -53.18%
GF Value™: ฿11.46 vs. price of ฿4.33 (62.2% below fair value)
No single metric tells the full story. See the BKK:BYD-R stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Beyond Securities PCL is engaged in the securities business. It offers services such as securities brokerage, securities trading, securities underwriting, investment advisory service, derivatives brokerage, securities borrowing, and lending and private fund management. The Company has two reportable segments which comprise the Securities and Derivative business segment, which provides brokerage and derivative brokerage services, including the investment banking segment, and the Investment business segment, which provides services related to the management of the investment in securities. The majority of the revenue for the company is generated from its Securities and Derivative business segment. The Company generates totally operating revenue in Thailand.
59GF 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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