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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.
T4F Entretenimento's Sloan Ratio for the quarter that ended in Mar. 2026 was -16.26%.
As of Mar. 2026, T4F Entretenimento has a Sloan Ratio of -16.26%, indicating there is a warning stage of accrual build up.
T4F Entretenimento (BSP:SHOW3) 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, T4F Entretenimento has a Sloan Ratio of -16.26%, indicating there is a warning stage of accrual build up.
T4F Entretenimento Sloan Ratio % Related Terms
T4F Entretenimento Sloan Ratio % Historical Data
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The historical data trend for T4F Entretenimento'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.
BSP:SHOW3 vs AS, HAS, LTH: Sloan Ratio % Comparison
For the Leisure subindustry, T4F Entretenimento'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.
T4F Entretenimento Sloan Ratio % vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, T4F Entretenimento's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where T4F Entretenimento'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.
T4F Entretenimento's Sloan Ratio for the fiscal year that ended in Dec. 2025 is calculated as
T4F Entretenimento's Net Income for the trailing twelve months (TTM) ended in Mar. 2026 was -0.265 (Jun. 2025 ) + -23.832 (Sep. 2025 ) + -16.321 (Dec. 2025 ) + -3.226 (Mar. 2026 ) = R$-43.6 Mil.
T4F Entretenimento's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was 6.919 (Jun. 2025 ) + 21.664 (Sep. 2025 ) + -26.392 (Dec. 2025 ) + 8.022 (Mar. 2026 ) = R$10.2 Mil.
T4F Entretenimento's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2026 was -0.42 (Jun. 2025 ) + -0.853 (Sep. 2025 ) + -0.416 (Dec. 2025 ) + -0.633 (Mar. 2026 ) = R$-2.3 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.
T4F Entretenimento (BSP:SHOW3) has a Sloan Ratio % of -16.26% as of Mar. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on T4F Entretenimento and its competitors.
Is T4F Entretenimento's Sloan Ratio % too high?
T4F Entretenimento's current Sloan Ratio % is -16.26%. Overall, T4F Entretenimento has a GF Score™ of 65/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does T4F Entretenimento's Sloan Ratio % compare to AS and HAS?
T4F Entretenimento's Sloan Ratio % of -16.26% can be compared against companies in the Travel & Leisure 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 Travel & Leisure company?
A good Sloan Ratio % depends on the Travel & Leisure 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 T4F Entretenimento and its competitors. T4F Entretenimento's current Sloan Ratio % is -16.26%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is T4F Entretenimento stock overvalued right now?
Based on GuruFocus' analysis, T4F Entretenimento (BSP:SHOW3) is currently considered Modestly Undervalued. The stock's GF Value™ is R$6.98, compared to a current price of R$6.08 — trading 12.9% below its estimated fair value. The current Sloan Ratio % is -16.26%. T4F Entretenimento's overall GF Score™ is 65/100 with 4 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 T4F Entretenimento (BSP:SHOW3), the current Sloan Ratio % is -16.26% 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 T4F Entretenimento (BSP:SHOW3) Overvalued in 2026?
Based on GuruFocus' analysis, T4F Entretenimento stock appears to be undervalued.
The current stock price of R$6.08 is trading 12.9% below its estimated GF Value™ of R$6.98.
GuruFocus considers T4F Entretenimento to be Modestly Undervalued.
Key valuation signals for BSP:SHOW3:
Sloan Ratio %: -16.26%
GF Value™: R$6.98 vs. price of R$6.08 (12.9% below fair value)
No single metric tells the full story. See the BSP:SHOW3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
T4F Entretenimento SA is a Brazil-based company. The company is primarily engaged in the management, promotion, organization, production, representation, programming, and undertaking of live entertainment-related activities, such as sports, artistic and cultural events, shows and performances of various nature, as well as the management and operation of performing arts venues. The company also sells ticket live concerts and shows, stage plays, and exhibits; sale of food and beverages. Most of its revenue is earned from Argentina market, while it also has a presence in Brasil, Chile, and Peru market.
65GF Score
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