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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.
Boule Diagnostics AB's Sloan Ratio for the quarter that ended in Mar. 2026 was -4.88%.
As of Mar. 2026, Boule Diagnostics AB has a Sloan Ratio of -4.88%, indicating the company is in the safe zone and there is no funny business with accruals.
Boule Diagnostics AB (CHIX:BOULs) 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, Boule Diagnostics AB has a Sloan Ratio of -4.88%, indicating the company is in the safe zone and there is no funny business with accruals.
Boule Diagnostics AB Sloan Ratio % Related Terms
Boule Diagnostics AB Sloan Ratio % Historical Data
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The historical data trend for Boule Diagnostics AB'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.
CHIX:BOULS vs ABT, SYK, MDT: Sloan Ratio % Comparison
For the Medical Devices subindustry, Boule Diagnostics AB'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.
Boule Diagnostics AB Sloan Ratio % vs Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, Boule Diagnostics AB's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Boule Diagnostics AB'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.
Boule Diagnostics AB's Sloan Ratio for the fiscal year that ended in Dec. 2025 is calculated as
Boule Diagnostics AB's Net Income for the trailing twelve months (TTM) ended in Mar. 2026 was -5.7 (Jun. 2025 ) + 10.9 (Sep. 2025 ) + 1.6 (Dec. 2025 ) + -14.6 (Mar. 2026 ) = kr-7.8 Mil.
Boule Diagnostics AB's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was -2.7 (Jun. 2025 ) + 1.8 (Sep. 2025 ) + 9.6 (Dec. 2025 ) + 11.7 (Mar. 2026 ) = kr20.4 Mil.
Boule Diagnostics AB's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2026 was -0.2 (Jun. 2025 ) + -2.2 (Sep. 2025 ) + -1.7 (Dec. 2025 ) + -1.2 (Mar. 2026 ) = kr-5.3 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.
Boule Diagnostics AB (CHIX:BOULS) has a Sloan Ratio % of -4.88% as of Mar. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Boule Diagnostics AB and its competitors.
Is Boule Diagnostics AB's Sloan Ratio % too high?
Boule Diagnostics AB's current Sloan Ratio % is -4.88%. Overall, Boule Diagnostics AB has a GF Score™ of 47/100, reflecting its overall financial health beyond just this single metric.
How does Boule Diagnostics AB's Sloan Ratio % compare to ABT and SYK?
Boule Diagnostics AB's Sloan Ratio % of -4.88% can be compared against companies in the Medical Devices & Instruments 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 Medical Devices & Instruments company?
A good Sloan Ratio % depends on the Medical Devices & Instruments 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 Boule Diagnostics AB and its competitors. Boule Diagnostics AB's current Sloan Ratio % is -4.88%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Boule Diagnostics AB stock overvalued right now?
Boule Diagnostics AB (CHIX:BOULS) has a current Sloan Ratio % of -4.88%. The stock's GF Value™ is kr49.42, compared to a current price of kr26.30 — trading 46.8% below its estimated fair value. The current Sloan Ratio % is -4.88%. Boule Diagnostics AB's overall GF Score™ is 47/100 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 Boule Diagnostics AB (CHIX:BOULS), the current Sloan Ratio % is -4.88% 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 Boule Diagnostics AB (CHIX:BOULS) Overvalued in 2026?
Based on GuruFocus' analysis, Boule Diagnostics AB stock appears to be undervalued.
The current stock price of kr26.30 is trading 46.8% below its estimated GF Value™ of kr49.42.
Key valuation signals for CHIX:BOULS:
Sloan Ratio %: -4.88%
GF Value™: kr49.42 vs. price of kr26.30 (46.8% below fair value)
No single metric tells the full story. See the CHIX:BOULS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Boule Diagnostics AB is a company operating in the diagnostics market. It is engaged in the development, manufacturing and marketing instruments and consumables for blood diagnostics. The systems are intended for small and medium-sized hospitals, clinics and laboratories within outpatient care. the company operating through two complementary business segments: Diagnostics and OEM CDS. Through its subsidiaries, the company operates in USA ,Asia, Eastern Europe, Latin America Western Europe and Africa / Middle East. The majority revenue is generated from Asia.
47GF Score
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