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, Bolsa de Valores de Colombia has a Sloan Ratio of -0.01%, indicating the company is in the safe zone and there is no funny business with accruals.
Bolsa de Valores de Colombia (BOG:BVC) 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, Bolsa de Valores de Colombia has a Sloan Ratio of -0.01%, indicating the company is in the safe zone and there is no funny business with accruals.
Bolsa de Valores de Colombia Sloan Ratio % Related Terms
Bolsa de Valores de Colombia 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.
BOG:BVC vs SPGI, CME, MCO: Sloan Ratio % Comparison
For the Financial Data & Stock Exchanges subindustry, Bolsa de Valores de Colombia'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.
Bolsa de Valores de Colombia Sloan Ratio % vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Bolsa de Valores de Colombia's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Bolsa de Valores de Colombia's Sloan Ratio % falls into.
Bolsa de Valores de Colombia 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.
Bolsa de Valores de Colombia's Net Income for the trailing twelve months (TTM) ended in Dec. 2025 was 23441.502 (Mar. 2025 ) + 24515.291 (Jun. 2025 ) + 28874.384 (Sep. 2025 ) + 28049.666 (Dec. 2025 ) = COP104,881 Mil.
Bolsa de Valores de Colombia's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2025 was 24516.645 (Mar. 2025 ) + 10838.103 (Jun. 2025 ) + 28111.155 (Sep. 2025 ) + 34517.331 (Dec. 2025 ) = COP97,983 Mil.
Bolsa de Valores de Colombia's Cash Flow from Investing for the trailing twelve months (TTM) ended in Dec. 2025 was 20797.808 (Mar. 2025 ) + 12365.439 (Jun. 2025 ) + -2363.455 (Sep. 2025 ) + -1802.706 (Dec. 2025 ) = COP28,997 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.
Bolsa de Valores de Colombia (BOG:BVC) has a Sloan Ratio % of -0.01% as of Dec. 2025. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Bolsa de Valores de Colombia and its competitors.
Is Bolsa de Valores de Colombia's Sloan Ratio % too high?
Bolsa de Valores de Colombia's current Sloan Ratio % is -0.01%. Overall, Bolsa de Valores de Colombia has a GF Score™ of 76/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Bolsa de Valores de Colombia's Sloan Ratio % compare to SPGI and CME?
Bolsa de Valores de Colombia's Sloan Ratio % of -0.01% 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 Bolsa de Valores de Colombia and its competitors. Bolsa de Valores de Colombia's current Sloan Ratio % is -0.01%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bolsa de Valores de Colombia stock overvalued right now?
Based on GuruFocus' analysis, Bolsa de Valores de Colombia (BOG:BVC) is currently considered Fairly Valued. The stock's GF Value™ is COP14,150.52, compared to a current price of COP15,400.00 — trading 8.8% above its estimated fair value. The current Sloan Ratio % is -0.01%. Bolsa de Valores de Colombia's overall GF Score™ is 76/100 with 8 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 Bolsa de Valores de Colombia (BOG:BVC), the current Sloan Ratio % is -0.01% 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 Bolsa de Valores de Colombia (BOG:BVC) Overvalued in 2026?
Based on GuruFocus' analysis, Bolsa de Valores de Colombia stock appears to be overvalued.
The current stock price of COP15,400.00 is trading 8.8% above its estimated GF Value™ of COP14,150.52.
GuruFocus considers Bolsa de Valores de Colombia to be Fairly Valued.
Key valuation signals for BOG:BVC:
Sloan Ratio %: -0.01%
GF Value™: COP14,150.52 vs. price of COP15,400.00 (8.8% above fair value)
No single metric tells the full story. See the BOG:BVC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Bolsa de Valores de Colombia SA is a operator of the Colombian capital markets infrastructure. The company offers solutions and services for Issuers (issuer services and issuances), Trading (access, transactions, and registration), Post-trading (risk management, clearing, settlement, custody, and securities administration), and Information (market information and price provision) in the transactional and OTC markets for equities, fixed income, derivatives, and foreign exchange.
76GF Score
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