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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.
Commencement Bancorp's Sloan Ratio for the quarter that ended in Mar. 2026 was 0.00%.
As of Mar. 2026, Commencement Bancorp has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
Commencement Bancorp (OTCPK:CBWA) 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, Commencement Bancorp has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
Commencement Bancorp Sloan Ratio % Related Terms
Commencement Bancorp Sloan Ratio % Historical Data
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The historical data trend for Commencement Bancorp'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.
CBWA vs ASRV, MVLY, HFBK: Sloan Ratio % Comparison
For the Banks - Regional subindustry, Commencement Bancorp'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.
Commencement Bancorp Sloan Ratio % vs Banks Industry
For the Banks industry and Financial Services sector, Commencement Bancorp's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Commencement Bancorp'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.
Commencement Bancorp's Sloan Ratio for the fiscal year that ended in Dec. 2025 is calculated as
Commencement Bancorp's Net Income for the trailing twelve months (TTM) ended in Mar. 2026 was 1.496 (Jun. 2025 ) + 1.85 (Sep. 2025 ) + 2.047 (Dec. 2025 ) + 1.662 (Mar. 2026 ) = $7.06 Mil.
Commencement Bancorp's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was 0 (Jun. 2025 ) + 0 (Sep. 2025 ) + 0 (Dec. 2025 ) + 0 (Mar. 2026 ) = $0.00 Mil.
Commencement Bancorp's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2026 was 0 (Jun. 2025 ) + 0 (Sep. 2025 ) + 0 (Dec. 2025 ) + 0 (Mar. 2026 ) = $0.00 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.
Commencement Bancorp (CBWA) has a Sloan Ratio % of 0.00% as of Mar. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Commencement Bancorp and its competitors.
Is Commencement Bancorp's Sloan Ratio % too high?
Commencement Bancorp's current Sloan Ratio % is 0.00%. Overall, Commencement Bancorp has a GF Score™ of 62/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Commencement Bancorp's Sloan Ratio % compare to ASRV and MVLY?
Commencement Bancorp's Sloan Ratio % of 0.00% can be compared against companies in the Banks 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 Banks company?
A good Sloan Ratio % depends on the Banks 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 Commencement Bancorp and its competitors. Commencement Bancorp'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 Commencement Bancorp stock overvalued right now?
Based on GuruFocus' analysis, Commencement Bancorp (CBWA) is currently considered Fairly Valued. The stock's GF Value™ is $17.21, compared to a current price of $18.60 — trading 8.1% above its estimated fair value. The current Sloan Ratio % is 0.00%. Commencement Bancorp's overall GF Score™ is 62/100 with 2 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 Commencement Bancorp (CBWA), the current Sloan Ratio % is 0.00% 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 Commencement Bancorp (CBWA) Overvalued in 2026?
Based on GuruFocus' analysis, Commencement Bancorp stock appears to be overvalued.
The current stock price of $18.60 is trading 8.1% above its estimated GF Value™ of $17.21.
GuruFocus considers Commencement Bancorp to be Fairly Valued.
Key valuation signals for CBWA:
Sloan Ratio %: 0.00%
GF Value™: $17.21 vs. price of $18.60 (8.1% above fair value)
No single metric tells the full story. See the CBWA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Commencement Bancorp Inc is a holding company that operates through its subsidiary. It provides loan and deposit services to customers, who are predominately individuals and small and midsized businesses in western Washington. The company offers banking products and services such as Personal Banking which includes Personal Checking, Personal Loans & Credit, Savings & Money markets, Business Banking which includes Business Loans, Checking & Savings, Business Services, and Merchant Services.
62GF Score
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