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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.
Navi Imobiliario Total Return Fundos DE Investimento Imobiliario (BSP:NAVT11) 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. 2025, Navi Imobiliario Total Return Fundos DE Investimento Imobiliario has a Sloan Ratio of -12.48%, indicating there is a warning stage of accrual build up.
Navi Imobiliario Total Return Fundos DE Investimento Imobiliario Sloan Ratio % Related Terms
Navi Imobiliario Total Return Fundos DE Investimento Imobiliario 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.
Navi Imobiliario Total Return Fundos DE Investimento Imobiliario Sloan Ratio % Chart
Navi Imobiliario Total Return Fundos DE Investimento Imobiliario Annual Data
Trend
Jun21
Jun22
Jun23
Jun24
Jun25
Sloan Ratio %
74.98
2.01
11.03
-9.87
-12.48
Navi Imobiliario Total Return Fundos DE Investimento Imobiliario Semi-Annual Data
Jun21
Jun22
Jun23
Jun24
Jun25
Sloan Ratio %
0.00
2.01
11.03
-9.87
-12.48
BSP:NAVT11 vs BLK, BX, KKR: Sloan Ratio % Comparison
* 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.
Navi Imobiliario Total Return Fundos DE Investimento Imobiliario Sloan Ratio % vs Asset Management Industry
Navi Imobiliario Total Return Fundos DE Investimento Imobiliario 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.
* 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.
Navi Imobiliario Total Return Fundos DE Investimento Imobiliario (BSP:NAVT11) has a Sloan Ratio % of -12.48% as of Jun. 2025. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Navi Imobiliario Total Return Fundos DE Investimento Imobiliario and its competitors.
Is Navi Imobiliario Total Return Fundos DE Investimento Imobiliario's Sloan Ratio % too high?
Navi Imobiliario Total Return Fundos DE Investimento Imobiliario's current Sloan Ratio % is -12.48%. Overall, Navi Imobiliario Total Return Fundos DE Investimento Imobiliario has a GF Score™ of 63/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Navi Imobiliario Total Return Fundos DE Investimento Imobiliario's Sloan Ratio % compare to BLK and BX?
Navi Imobiliario Total Return Fundos DE Investimento Imobiliario's Sloan Ratio % of -12.48% can be compared against companies in the Asset Management 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 an Asset Management company?
A good Sloan Ratio % depends on the Asset Management 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 Navi Imobiliario Total Return Fundos DE Investimento Imobiliario and its competitors. Navi Imobiliario Total Return Fundos DE Investimento Imobiliario's current Sloan Ratio % is -12.48%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Navi Imobiliario Total Return Fundos DE Investimento Imobiliario stock overvalued right now?
Based on GuruFocus' analysis, Navi Imobiliario Total Return Fundos DE Investimento Imobiliario (BSP:NAVT11) is currently considered Modestly Undervalued. The stock's GF Value™ is R$80.84, compared to a current price of R$68.00 — trading 15.9% below its estimated fair value. The current Sloan Ratio % is -12.48%. Navi Imobiliario Total Return Fundos DE Investimento Imobiliario's overall GF Score™ is 63/100 with 3 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 Navi Imobiliario Total Return Fundos DE Investimento Imobiliario (BSP:NAVT11), the current Sloan Ratio % is -12.48% as of Jun. 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 Navi Imobiliario Total Return Fundos DE Investimento Imobiliario (BSP:NAVT11) Overvalued in 2026?
Based on GuruFocus' analysis, Navi Imobiliario Total Return Fundos DE Investimento Imobiliario stock appears to be undervalued.
The current stock price of R$68.00 is trading 15.9% below its estimated GF Value™ of R$80.84.
GuruFocus considers Navi Imobiliario Total Return Fundos DE Investimento Imobiliario to be Modestly Undervalued.
Key valuation signals for BSP:NAVT11:
Sloan Ratio %: -12.48%
GF Value™: R$80.84 vs. price of R$68.00 (15.9% below fair value)
No single metric tells the full story. See the BSP:NAVT11 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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