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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 Jun. 2026, Telecomunicacoes Brasileiras has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
Telecomunicacoes Brasileiras (BSP:TELB3) 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, Telecomunicacoes Brasileiras has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
Telecomunicacoes Brasileiras Sloan Ratio % Related Terms
Telecomunicacoes Brasileiras 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:TELB3 vs VZ, TMUS, T: Sloan Ratio % Comparison
For the Telecom Services subindustry, Telecomunicacoes Brasileiras'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.
Telecomunicacoes Brasileiras Sloan Ratio % vs Telecommunication Services Industry
For the Telecommunication Services industry and Communication Services sector, Telecomunicacoes Brasileiras's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Telecomunicacoes Brasileiras's Sloan Ratio % falls into.
Telecomunicacoes Brasileiras 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.
Telecomunicacoes Brasileiras's Net Income for the trailing twelve months (TTM) ended in Jun. 2026 was -25.61 (Sep. 2025 ) + 223.461 (Dec. 2025 ) + -89.543 (Mar. 2026 ) + 29.279 (Jun. 2026 ) = R$137.6 Mil.
Telecomunicacoes Brasileiras's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 was -1.87 (Sep. 2025 ) + -55.468 (Dec. 2025 ) + 0 (Mar. 2026 ) + -42.501 (Jun. 2026 ) = R$-99.8 Mil.
Telecomunicacoes Brasileiras's Cash Flow from Investing for the trailing twelve months (TTM) ended in Jun. 2026 was -5.096 (Sep. 2025 ) + -10.274 (Dec. 2025 ) + 0 (Mar. 2026 ) + 868.432 (Jun. 2026 ) = R$853.1 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.
Telecomunicacoes Brasileiras (BSP:TELB3) has a Sloan Ratio % of 0.00% as of Jun. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Telecomunicacoes Brasileiras and its competitors.
Is Telecomunicacoes Brasileiras' Sloan Ratio % too high?
Telecomunicacoes Brasileiras' current Sloan Ratio % is 0.00%. Overall, Telecomunicacoes Brasileiras has a GF Score™ of 55/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Telecomunicacoes Brasileiras' Sloan Ratio % compare to VZ and TMUS?
Telecomunicacoes Brasileiras' Sloan Ratio % of 0.00% can be compared against companies in the Telecommunication Services 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 Telecommunication Services company?
A good Sloan Ratio % depends on the Telecommunication Services 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 Telecomunicacoes Brasileiras and its competitors. Telecomunicacoes Brasileiras's current Sloan Ratio % is 0.00%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Telecomunicacoes Brasileiras stock overvalued right now?
Based on GuruFocus' analysis, Telecomunicacoes Brasileiras (BSP:TELB3) is currently considered Modestly Overvalued. The stock's GF Value™ is R$14.72, compared to a current price of R$17.86 — trading 21.3% above its estimated fair value. The current Sloan Ratio % is 0.00%. Telecomunicacoes Brasileiras' overall GF Score™ is 55/100 with 9 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 Telecomunicacoes Brasileiras (BSP:TELB3), the current Sloan Ratio % is 0.00% 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 Telecomunicacoes Brasileiras (BSP:TELB3) Overvalued in 2026?
Based on GuruFocus' analysis, Telecomunicacoes Brasileiras stock appears to be overvalued.
The current stock price of R$17.86 is trading 21.3% above its estimated GF Value™ of R$14.72.
GuruFocus considers Telecomunicacoes Brasileiras to be Modestly Overvalued.
Key valuation signals for BSP:TELB3:
Sloan Ratio %: 0.00%
GF Value™: R$14.72 vs. price of R$17.86 (21.3% above fair value)
No single metric tells the full story. See the BSP:TELB3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Telecomunicacoes Brasileiras SA is a Brazil-based company. Along with its subsidiaries, the firm offers telecommunication services in the areas of fixed line and mobile communication and internet access services. Its product portfolio includes IP (Internet Protocol) Telebras, Telebras Point-to-Point, and Telebras MPLS (Multiprotocol Label Switching) Network. The company also provides broadband services and infrastructure support services.
55GF Score
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