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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.
Budapest Stock Exchange (BUD:BET) 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, Budapest Stock Exchange has a Sloan Ratio of 19.33%, indicating there is a warning stage of accrual build up.
Budapest Stock Exchange Sloan Ratio % Related Terms
Budapest Stock Exchange 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.
BUD:BET vs SPGI, CME, ICE: Sloan Ratio % Comparison
For the Financial Data & Stock Exchanges subindustry, Budapest Stock Exchange'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.
Budapest Stock Exchange Sloan Ratio % vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Budapest Stock Exchange's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Budapest Stock Exchange'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.
Budapest Stock Exchange's Sloan Ratio for the fiscal year that ended in Dec. 2025 is calculated as
Budapest Stock Exchange's Net Income for the trailing twelve months (TTM) ended in Mar. 2026 was 1362 (Jun. 2025 ) + 1221 (Sep. 2025 ) + 5742 (Dec. 2025 ) + 1639 (Mar. 2026 ) = Ft9,964 Mil.
Budapest Stock Exchange's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was 184 (Jun. 2025 ) + 123 (Sep. 2025 ) + 437 (Dec. 2025 ) + 735 (Mar. 2026 ) = Ft1,479 Mil.
Budapest Stock Exchange's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2026 was 849 (Jun. 2025 ) + 82 (Sep. 2025 ) + 47 (Dec. 2025 ) + 70 (Mar. 2026 ) = Ft1,048 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.
Budapest Stock Exchange (BUD:BET) has a Sloan Ratio % of 19.33% as of Mar. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Budapest Stock Exchange and its competitors.
Is Budapest Stock Exchange's Sloan Ratio % too high?
Budapest Stock Exchange's current Sloan Ratio % is 19.33%. Overall, Budapest Stock Exchange has a GF Score™ of 18/100, reflecting its overall financial health beyond just this single metric.
How does Budapest Stock Exchange's Sloan Ratio % compare to SPGI and CME?
Budapest Stock Exchange's Sloan Ratio % of 19.33% 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 Budapest Stock Exchange and its competitors. Budapest Stock Exchange's current Sloan Ratio % is 19.33%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Budapest Stock Exchange stock overvalued right now?
Budapest Stock Exchange (BUD:BET) has a current Sloan Ratio % of 19.33%. The current Sloan Ratio % is 19.33%. Budapest Stock Exchange's overall GF Score™ is 18/100 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 Budapest Stock Exchange (BUD:BET), the current Sloan Ratio % is 19.33% 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.
Budapest Stock Exchange PLC is engaged in the money and capital markets in Hungary. The Company provides corporations with opportunities to raise capital and offers investors a wide range of investment instruments. Its activities include listing services, trading services, dissemination of market information, and product development. The Company is a central player in the domestic money and capital market, providing financial resources to companies and promoting their development through financing via the capital sector, while enabling investors to participate in the growth of Hungarian companies and the domestic economy.
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