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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.
Carabao Group PCL's Sloan Ratio for the quarter that ended in Jun. 2026 was -1.87%.
As of Jun. 2026, Carabao Group PCL has a Sloan Ratio of -1.87%, indicating the company is in the safe zone and there is no funny business with accruals.
Carabao Group PCL (BKK:CBG) 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 Jun. 2026, Carabao Group PCL has a Sloan Ratio of -1.87%, indicating the company is in the safe zone and there is no funny business with accruals.
Carabao Group PCL Sloan Ratio % Related Terms
Carabao Group PCL Sloan Ratio % Historical Data
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The historical data trend for Carabao Group 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:CBG vs KO, PEP, MNST: Sloan Ratio % Comparison
For the Beverages - Non-Alcoholic subindustry, Carabao Group 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.
Carabao Group PCL Sloan Ratio % vs Beverages - Non-Alcoholic Industry
For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, Carabao Group PCL's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Carabao Group 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.
Carabao Group PCL's Sloan Ratio for the fiscal year that ended in Dec. 2025 is calculated as
Carabao Group PCL's Net Income for the trailing twelve months (TTM) ended in Jun. 2026 was 616.154 (Sep. 2025 ) + 142.433 (Dec. 2025 ) + 611.06 (Mar. 2026 ) + 736.081 (Jun. 2026 ) = ฿2,106 Mil.
Carabao Group PCL's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 was 498.725 (Sep. 2025 ) + 870.191 (Dec. 2025 ) + 1027.07 (Mar. 2026 ) + 994.236 (Jun. 2026 ) = ฿3,390 Mil.
Carabao Group PCL's Cash Flow from Investing for the trailing twelve months (TTM) ended in Jun. 2026 was -337.637 (Sep. 2025 ) + -350.32 (Dec. 2025 ) + -165.067 (Mar. 2026 ) + -52.37 (Jun. 2026 ) = ฿-905 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.
Carabao Group PCL (BKK:CBG) has a Sloan Ratio % of -1.87% as of Jun. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Carabao Group PCL and its competitors.
Is Carabao Group PCL's Sloan Ratio % too high?
Carabao Group PCL's current Sloan Ratio % is -1.87%. Overall, Carabao Group PCL has a GF Score™ of 90/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Carabao Group PCL's Sloan Ratio % compare to KO and PEP?
Carabao Group PCL's Sloan Ratio % of -1.87% can be compared against companies in the Beverages - Non-Alcoholic 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 Beverages - Non-Alcoholic company?
A good Sloan Ratio % depends on the Beverages - Non-Alcoholic 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 Carabao Group PCL and its competitors. Carabao Group PCL's current Sloan Ratio % is -1.87%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Carabao Group PCL stock overvalued right now?
Based on GuruFocus' analysis, Carabao Group PCL (BKK:CBG) is currently considered Modestly Undervalued. The stock's GF Value™ is ฿74.60, compared to a current price of ฿53.75 — trading 27.9% below its estimated fair value. The current Sloan Ratio % is -1.87%. Carabao Group PCL's overall GF Score™ is 90/100 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 Carabao Group PCL (BKK:CBG), the current Sloan Ratio % is -1.87% 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 Carabao Group PCL (BKK:CBG) Overvalued in 2026?
Based on GuruFocus' analysis, Carabao Group PCL stock appears to be undervalued.
The current stock price of ฿53.75 is trading 27.9% below its estimated GF Value™ of ฿74.60.
GuruFocus considers Carabao Group PCL to be Modestly Undervalued.
Key valuation signals for BKK:CBG:
Sloan Ratio %: -1.87%
GF Value™: ฿74.60 vs. price of ฿53.75 (27.9% below fair value)
No single metric tells the full story. See the BKK:CBG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Carabao Group PCL manufactures and distributes energy drinks, water, and coffee under different brand names through its subsidiaries. It operates in three reportable segments: Manufacture and distribution of drinks under Group's trademark, Distribution of OEM products under Group's trademark, and Distribution of other products. A majority of the company's revenue is generated from the Manufacture and distribution of drinks under Group's trademark segment, which manufactures and sells carbonated and non-carbonated energy drinks, coffee, sports drinks, and vitamin-C drinks through Carabao and Woody C plus brands. Geographically, the company generates maximum revenue from the domestic market, and the rest from overseas markets like the United Kingdom, and other regions.
90GF Score
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