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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.
As of Mar. 2026, Auction Technology Group has a Sloan Ratio of -16.66%, indicating there is a warning stage of accrual build up.
Auction Technology Group (CHIX:ATGl) 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, Auction Technology Group has a Sloan Ratio of -16.66%, indicating there is a warning stage of accrual build up.
Auction Technology Group Sloan Ratio % Related Terms
Auction Technology Group 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.
CHIX:ATGL vs UBER, SHOP, CRM: Sloan Ratio % Comparison
For the Software - Application subindustry, Auction Technology Group'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.
Auction Technology Group Sloan Ratio % vs Software Industry
For the Software industry and Technology sector, Auction Technology Group's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Auction Technology Group's Sloan Ratio % falls into.
Auction Technology Group Sloan Ratio % Calculation
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.
Auction Technology Group's Sloan Ratio for the fiscal year that ended in Sep. 2025 is calculated as
For company reported semi-annually, GuruFocus uses latest two semi-annual data as the TTM data.
Auction Technology Group's Net Income for the trailing twelve months (TTM) ended in Mar. 2026 was -112.18 (Sep. 2025 ) + -0.3 (Mar. 2026 ) = £-112.5 Mil.
Auction Technology Group's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was 27.023 (Sep. 2025 ) + 25.65 (Mar. 2026 ) = £52.7 Mil.
Auction Technology Group's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2026 was -66.516 (Sep. 2025 ) + -3.525 (Mar. 2026 ) = £-70.0 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.
Auction Technology Group (CHIX:ATGL) has a Sloan Ratio % of -16.66% as of Mar. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Auction Technology Group and its competitors.
Is Auction Technology Group's Sloan Ratio % too high?
Auction Technology Group's current Sloan Ratio % is -16.66%. Overall, Auction Technology Group has a GF Score™ of 67/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Auction Technology Group's Sloan Ratio % compare to UBER and SHOP?
Auction Technology Group's Sloan Ratio % of -16.66% can be compared against companies in the Software 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 Software company?
A good Sloan Ratio % depends on the Software 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 Auction Technology Group and its competitors. Auction Technology Group's current Sloan Ratio % is -16.66%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Auction Technology Group stock overvalued right now?
Based on GuruFocus' analysis, Auction Technology Group (CHIX:ATGL) is currently considered Possible Value Trap. The stock's GF Value™ is £6.64, compared to a current price of £4.38 — trading 34% below its estimated fair value. The current Sloan Ratio % is -16.66%. Auction Technology Group's overall GF Score™ is 67/100 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 Auction Technology Group (CHIX:ATGL), the current Sloan Ratio % is -16.66% 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 Auction Technology Group (CHIX:ATGL) Overvalued in 2026?
Based on GuruFocus' analysis, Auction Technology Group stock appears to be undervalued.
The current stock price of £4.38 is trading 34% below its estimated GF Value™ of £6.64.
GuruFocus considers Auction Technology Group to be Possible Value Trap.
Key valuation signals for CHIX:ATGL:
Sloan Ratio %: -16.66%
GF Value™: £6.64 vs. price of £4.38 (34% below fair value)
No single metric tells the full story. See the CHIX:ATGL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Auction Technology Group PLC is a digital marketplace operator that powers the discovery and sale of curated secondary goods through trusted online platforms. The Group operates curated auction and list-price marketplaces and provides value-added services, including seller marketing, integrated payments, shipping solutions, cross-listing capabilities, white-label auction technology, and partner network services. Its operations are organised into two reportable segments: Arts & Antiques and Industrial & Commercial, across which it operates multiple specialist marketplaces. The majority of revenue is generated from the Arts & Antiques segment. Geographically, it serves the United Kingdom, Mexico, Germany, and the United States, with the majority of revenue generated from the United States.
67GF Score
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Sloan Ratio % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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