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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.
Bursa Malaysia Bhd's Sloan Ratio for the quarter that ended in Jun. 2026 was -0.30%.
As of Jun. 2026, Bursa Malaysia Bhd has a Sloan Ratio of -0.30%, indicating the company is in the safe zone and there is no funny business with accruals.
Bursa Malaysia Bhd (OTCPK:BSMAF) 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, Bursa Malaysia Bhd has a Sloan Ratio of -0.30%, indicating the company is in the safe zone and there is no funny business with accruals.
Bursa Malaysia Bhd Sloan Ratio % Related Terms
Bursa Malaysia Bhd Sloan Ratio % Historical Data
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The historical data trend for Bursa Malaysia Bhd'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 Financial Data & Stock Exchanges subindustry, Bursa Malaysia Bhd'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.
Bursa Malaysia Bhd Sloan Ratio % vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Bursa Malaysia Bhd's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Bursa Malaysia Bhd'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.
Bursa Malaysia Bhd's Sloan Ratio for the fiscal year that ended in Dec. 2025 is calculated as
Bursa Malaysia Bhd's Net Income for the trailing twelve months (TTM) ended in Jun. 2026 was 15.168 (Sep. 2025 ) + 14.878 (Dec. 2025 ) + 18.44 (Mar. 2026 ) + 17.663 (Jun. 2026 ) = $66.1 Mil.
Bursa Malaysia Bhd's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 was 12.963 (Sep. 2025 ) + 19.83 (Dec. 2025 ) + 23.89 (Mar. 2026 ) + 22.901 (Jun. 2026 ) = $79.6 Mil.
Bursa Malaysia Bhd's Cash Flow from Investing for the trailing twelve months (TTM) ended in Jun. 2026 was 7.462 (Sep. 2025 ) + -4.444 (Dec. 2025 ) + -3.879 (Mar. 2026 ) + -9.648 (Jun. 2026 ) = $-10.5 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.
Bursa Malaysia Bhd (BSMAF) has a Sloan Ratio % of -0.30% as of Jun. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Bursa Malaysia Bhd and its competitors.
Is Bursa Malaysia Bhd's Sloan Ratio % too high?
Bursa Malaysia Bhd's current Sloan Ratio % is -0.30%. Overall, Bursa Malaysia Bhd has a GF Score™ of 88/100, reflecting its overall financial health beyond just this single metric.
How does Bursa Malaysia Bhd's Sloan Ratio % compare to SPGI and CME?
Bursa Malaysia Bhd's Sloan Ratio % of -0.30% 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 Bursa Malaysia Bhd and its competitors. Bursa Malaysia Bhd's current Sloan Ratio % is -0.30%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bursa Malaysia Bhd stock overvalued right now?
Bursa Malaysia Bhd (BSMAF) has a current Sloan Ratio % of -0.30%. The stock's GF Value™ is $2.39, compared to a current price of $2.18 — trading 8.8% below its estimated fair value. The current Sloan Ratio % is -0.30%. Bursa Malaysia Bhd's overall GF Score™ is 88/100 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 Bursa Malaysia Bhd (BSMAF), the current Sloan Ratio % is -0.30% 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 Bursa Malaysia Bhd (BSMAF) Overvalued in 2026?
Based on GuruFocus' analysis, Bursa Malaysia Bhd stock appears to be undervalued.
The current stock price of $2.18 is trading 8.8% below its estimated GF Value™ of $2.39.
Key valuation signals for BSMAF:
Sloan Ratio %: -0.30%
GF Value™: $2.39 vs. price of $2.18 (8.8% below fair value)
No single metric tells the full story. See the BSMAF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Bursa Malaysia Bhd operates as an exchange holding company, whose principal activities are treasury management and the provision of management and administrative services to its subsidiaries. Through its subsidiaries it operates the Malaysian securities, derivatives, multi-environment product market, debt fundraising and offshore financial exchanges and the Shariah-compliant commodity and precious metals trading platform, to operate the related clearing houses, depository function and regulatory function, and to disseminate information relating to instruments quoted on the exchanges. Its six segments include: Securities Market, Derivatives Market, Islamic Market, Data Business, Exchange, Holding Company, and Others, of which Securities Market segment derives maximum revenue.
88GF Score
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