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.
City Developments's Sloan Ratio for the quarter that ended in Dec. 2025 was 6.47%.
As of Dec. 2025, City Developments has a Sloan Ratio of 6.47%, indicating the company is in the safe zone and there is no funny business with accruals.
City Developments (OTCPK:CDEVY) 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, City Developments has a Sloan Ratio of 6.47%, indicating the company is in the safe zone and there is no funny business with accruals.
City Developments Sloan Ratio % Related Terms
City Developments Sloan Ratio % Historical Data
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The historical data trend for City Developments'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.
City Developments Sloan Ratio % Competitor Comparison
For the Real Estate - Development subindustry, City Developments'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.
City Developments Sloan Ratio % vs Real Estate Industry
For the Real Estate industry and Real Estate sector, City Developments's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where City Developments'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.
City Developments'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.
City Developments's Net Income for the trailing twelve months (TTM) ended in Dec. 2025 was 71.09 (Jun. 2025 ) + 417.223 (Dec. 2025 ) = $488 Mil.
City Developments's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2025 was -433.203 (Jun. 2025 ) + -740.971 (Dec. 2025 ) = $-1,174 Mil.
City Developments's Cash Flow from Investing for the trailing twelve months (TTM) ended in Dec. 2025 was -249.209 (Jun. 2025 ) + 555.069 (Dec. 2025 ) = $306 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.
City Developments (CDEVY) has a Sloan Ratio % of 6.47% as of Dec. 2025. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on City Developments and its competitors.
Is City Developments' Sloan Ratio % too high?
City Developments' current Sloan Ratio % is 6.47%. Overall, City Developments has a GF Score™ of 77/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does City Developments' Sloan Ratio % compare to competitors?
City Developments' Sloan Ratio % of 6.47% can be compared against companies in the Real Estate 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 Real Estate company?
A good Sloan Ratio % depends on the Real Estate 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 City Developments and its competitors. City Developments's current Sloan Ratio % is 6.47%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is City Developments stock overvalued right now?
Based on GuruFocus' analysis, City Developments (CDEVY) is currently considered Significantly Overvalued. The stock's GF Value™ is $3.97, compared to a current price of $5.58 — trading 40.6% above its estimated fair value. The current Sloan Ratio % is 6.47%. City Developments' overall GF Score™ is 77/100 with 7 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 City Developments (CDEVY), the current Sloan Ratio % is 6.47% 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 City Developments (CDEVY) Overvalued in 2026?
Based on GuruFocus' analysis, City Developments stock appears to be overvalued.
The current stock price of $5.58 is trading 40.6% above its estimated GF Value™ of $3.97.
GuruFocus considers City Developments to be Significantly Overvalued.
Key valuation signals for CDEVY:
Sloan Ratio %: 6.47%
GF Value™: $3.97 vs. price of $5.58 (40.6% above fair value)
No single metric tells the full story. See the CDEVY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
City Developments Ltd operates as a property developer and owner, and investment holding company. Along with its subsidiaries, its principal activities are those of property developers and owners, hotel owners and operators, a club operator and owner, investment in properties and in shares, property management, project management, and provision of consultancy, procurement, and laundry services. The company's reportable segments are; Property development, Hotel operations, and Investment properties. The majority of the revenue is generated from its Property development segment which develops and purchases properties for sale. Key revenue for the company is generated from its operations in Singapore and the rest from Japan, China, the United States, United Kingdom, and other regions.
77GF Score
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