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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.
Capex's Sloan Ratio for the quarter that ended in Apr. 2026 was 2.26%.
As of Apr. 2026, Capex has a Sloan Ratio of 2.26%, indicating the company is in the safe zone and there is no funny business with accruals.
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 Apr. 2026, Capex has a Sloan Ratio of 2.26%, indicating the company is in the safe zone and there is no funny business with accruals.
Capex Sloan Ratio % Related Terms
Capex Sloan Ratio % Historical Data
* Premium members only.
The historical data trend for Capex'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.
BUE:CAPX vs COP, EOG, FANG: Sloan Ratio % Comparison
For the Oil & Gas E&P subindustry, Capex'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.
Capex Sloan Ratio % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Capex's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Capex'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.
Capex's Sloan Ratio for the fiscal year that ended in Apr. 2026 is calculated as
Capex's Net Income for the trailing twelve months (TTM) ended in Apr. 2026 was -21060.528 (Jul. 2025 ) + -20584.786 (Oct. 2025 ) + 16993.647 (Jan. 2026 ) + 75538.941 (Apr. 2026 ) = ARS50,887 Mil.
Capex's Cash Flow from Operations for the trailing twelve months (TTM) ended in Apr. 2026 was -14491.334 (Jul. 2025 ) + 68205.05 (Oct. 2025 ) + 7034.75 (Jan. 2026 ) + 89139.71 (Apr. 2026 ) = ARS149,888 Mil.
Capex's Cash Flow from Investing for the trailing twelve months (TTM) ended in Apr. 2026 was -38237.3 (Jul. 2025 ) + -19741.54 (Oct. 2025 ) + -56978.071 (Jan. 2026 ) + -21984.91 (Apr. 2026 ) = ARS-136,942 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.
Capex (BUE:CAPX) has a Sloan Ratio % of 2.26% as of Apr. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Capex and its competitors.
Is Capex's Sloan Ratio % too high?
Capex's current Sloan Ratio % is 2.26%. Overall, Capex has a GF Score™ of 68/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Capex's Sloan Ratio % compare to COP and EOG?
Capex's Sloan Ratio % of 2.26% can be compared against companies in the Oil & Gas 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 Oil & Gas company?
A good Sloan Ratio % depends on the Oil & Gas 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 Capex and its competitors. Capex's current Sloan Ratio % is 2.26%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Capex stock overvalued right now?
Based on GuruFocus' analysis, Capex (BUE:CAPX) is currently considered Possible Value Trap. The stock's GF Value™ is ARS7,284.75, compared to a current price of ARS3,225.00 — trading 55.7% below its estimated fair value. The current Sloan Ratio % is 2.26%. Capex's overall GF Score™ is 68/100 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 Capex (BUE:CAPX), the current Sloan Ratio % is 2.26% as of Apr. 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 Capex (BUE:CAPX) Overvalued in 2026?
Based on GuruFocus' analysis, Capex stock appears to be undervalued.
The current stock price of ARS3,225.00 is trading 55.7% below its estimated GF Value™ of ARS7,284.75.
GuruFocus considers Capex to be Possible Value Trap.
Key valuation signals for BUE:CAPX:
Sloan Ratio %: 2.26%
GF Value™: ARS7,284.75 vs. price of ARS3,225.00 (55.7% below fair value)
No single metric tells the full story. See the BUE:CAPX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Capex SA is an Argentina based company predominantly engaged in generation of electricity. It operates in the business segments of Oil and Gas which consists the exploration, production and sale of oil and gas, Energy which is engaged in electric power generation, LPG which involves the production and sale of gas derived liquid fuel, and Renewable energies segment which consists of wind electric power generation activities, Hydrogen Energy which involves generation of electric power with hydrogen activities, and Oxygen which includes the oxygen production and sale operations. It derives a majority of the revenue from the Oil and Gas segment.
68GF Score
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