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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.
Ciments du Maroc's Sloan Ratio for the quarter that ended in Dec. 2025 was 23.19%.
As of Dec. 2025, Ciments du Maroc has a Sloan Ratio of 23.19%, indicating there is a warning stage of accrual build up.
Ciments du Maroc (CAS:CMA) 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 Dec. 2025, Ciments du Maroc has a Sloan Ratio of 23.19%, indicating there is a warning stage of accrual build up.
Ciments du Maroc Sloan Ratio % Related Terms
Ciments du Maroc Sloan Ratio % Historical Data
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The historical data trend for Ciments du Maroc'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.
CAS:CMA vs CRH, VMC, MLM: Sloan Ratio % Comparison
For the Building Materials subindustry, Ciments du Maroc'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.
Ciments du Maroc Sloan Ratio % vs Building Materials Industry
For the Building Materials industry and Basic Materials sector, Ciments du Maroc's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Ciments du Maroc'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.
Ciments du Maroc's Sloan Ratio for the fiscal year that ended in Dec. 2025 is calculated as
For company reported semi-annually, GuruFocus uses latest two semi-annual data as the TTM data.
Ciments du Maroc's Net Income for the trailing twelve months (TTM) ended in Dec. 2025 was 600.998 (Jun. 2025 ) + 776.434 (Dec. 2025 ) = MAD1,377 Mil.
Ciments du Maroc's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2025 was 2782.485 (Jun. 2025 ) + -917.095 (Dec. 2025 ) = MAD1,865 Mil.
Ciments du Maroc's Cash Flow from Investing for the trailing twelve months (TTM) ended in Dec. 2025 was -2269.108 (Jun. 2025 ) + -280.568 (Dec. 2025 ) = MAD-2,550 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.
Ciments du Maroc (CAS:CMA) has a Sloan Ratio % of 23.19% as of Dec. 2025. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Ciments du Maroc and its competitors.
Is Ciments du Maroc's Sloan Ratio % too high?
Ciments du Maroc's current Sloan Ratio % is 23.19%. Overall, Ciments du Maroc has a GF Score™ of 73/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Ciments du Maroc's Sloan Ratio % compare to CRH and VMC?
Ciments du Maroc's Sloan Ratio % of 23.19% can be compared against companies in the Building Materials 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 Building Materials company?
A good Sloan Ratio % depends on the Building Materials 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 Ciments du Maroc and its competitors. Ciments du Maroc's current Sloan Ratio % is 23.19%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ciments du Maroc stock overvalued right now?
Based on GuruFocus' analysis, Ciments du Maroc (CAS:CMA) is currently considered Significantly Undervalued. The stock's GF Value™ is MAD2,562.70, compared to a current price of MAD1,635.00 — trading 36.2% below its estimated fair value. The current Sloan Ratio % is 23.19%. Ciments du Maroc's overall GF Score™ is 73/100 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 Ciments du Maroc (CAS:CMA), the current Sloan Ratio % is 23.19% as of Dec. 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 Ciments du Maroc (CAS:CMA) Overvalued in 2026?
Based on GuruFocus' analysis, Ciments du Maroc stock appears to be undervalued.
The current stock price of MAD1,635.00 is trading 36.2% below its estimated GF Value™ of MAD2,562.70.
GuruFocus considers Ciments du Maroc to be Significantly Undervalued.
Key valuation signals for CAS:CMA:
Sloan Ratio %: 23.19%
GF Value™: MAD2,562.70 vs. price of MAD1,635.00 (36.2% below fair value)
No single metric tells the full story. See the CAS:CMA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ciments du Maroc SA is a cement producer in Morocco and acts as an operator in ready-mixed concrete and aggregates. The product line of the company includes cement, concrete ready-to-use, aggregates, and others. It also offers its customers a Technical Assistance service including maturometry, MBE (Equivalent Concrete Mortar) tests, cement slurry tests or quick identification of cement. The company operates MyCimar portal which allows customers to consult the movements of their activity with the company.
73GF Score
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