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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.
As of Mar. 2026, Helbor Empreendimentos has a Sloan Ratio of 1.85%, indicating the company is in the safe zone and there is no funny business with accruals.
Helbor Empreendimentos (BSP:HBOR3) 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, Helbor Empreendimentos has a Sloan Ratio of 1.85%, indicating the company is in the safe zone and there is no funny business with accruals.
Helbor Empreendimentos Sloan Ratio % Related Terms
Helbor Empreendimentos 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.
BSP:HBOR3 vs CBRE, BEKE, JLL: Sloan Ratio % Comparison
For the Real Estate Services subindustry, Helbor Empreendimentos'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.
Helbor Empreendimentos Sloan Ratio % vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Helbor Empreendimentos's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Helbor Empreendimentos'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.
Helbor Empreendimentos's Sloan Ratio for the fiscal year that ended in Dec. 2025 is calculated as
Helbor Empreendimentos's Net Income for the trailing twelve months (TTM) ended in Mar. 2026 was 1.645 (Jun. 2025 ) + 0.465 (Sep. 2025 ) + 1.579 (Dec. 2025 ) + 1.93 (Mar. 2026 ) = R$6 Mil.
Helbor Empreendimentos's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was -31.107 (Jun. 2025 ) + -7.332 (Sep. 2025 ) + 13.337 (Dec. 2025 ) + 34.851 (Mar. 2026 ) = R$10 Mil.
Helbor Empreendimentos's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2026 was -1.357 (Jun. 2025 ) + 52.243 (Sep. 2025 ) + -72.264 (Dec. 2025 ) + -106.293 (Mar. 2026 ) = R$-128 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.
Helbor Empreendimentos (BSP:HBOR3) has a Sloan Ratio % of 1.85% as of Mar. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Helbor Empreendimentos and its competitors.
Is Helbor Empreendimentos' Sloan Ratio % too high?
Helbor Empreendimentos' current Sloan Ratio % is 1.85%. Overall, Helbor Empreendimentos has a GF Score™ of 66/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Helbor Empreendimentos' Sloan Ratio % compare to CBRE and BEKE?
Helbor Empreendimentos' Sloan Ratio % of 1.85% 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 Helbor Empreendimentos and its competitors. Helbor Empreendimentos's current Sloan Ratio % is 1.85%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Helbor Empreendimentos stock overvalued right now?
Based on GuruFocus' analysis, Helbor Empreendimentos (BSP:HBOR3) is currently considered Possible Value Trap. The stock's GF Value™ is R$3.04, compared to a current price of R$1.87 — trading 38.5% below its estimated fair value. The current Sloan Ratio % is 1.85%. Helbor Empreendimentos' overall GF Score™ is 66/100 with 5 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 Helbor Empreendimentos (BSP:HBOR3), the current Sloan Ratio % is 1.85% 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 Helbor Empreendimentos (BSP:HBOR3) Overvalued in 2026?
Based on GuruFocus' analysis, Helbor Empreendimentos stock appears to be undervalued.
The current stock price of R$1.87 is trading 38.5% below its estimated GF Value™ of R$3.04.
GuruFocus considers Helbor Empreendimentos to be Possible Value Trap.
Key valuation signals for BSP:HBOR3:
Sloan Ratio %: 1.85%
GF Value™: R$3.04 vs. price of R$1.87 (38.5% below fair value)
No single metric tells the full story. See the BSP:HBOR3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Helbor Empreendimentos SA is a Brazil-based company which engages in incorporation of real estate projects, as well as the provision of venture management services and acquisition, administration, development, lease and management of corporate buildings, shopping malls, parking lots, strip malls, industrial warehouses and hotel. . The firm also provides real estate development management services. Its portfolio includes residential, industrial, and commercial properties. Its revenue sources include revenue from sales of properties and management fee.
66GF Score
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