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.
CSG NV's Sloan Ratio for the quarter that ended in Sep. 2025 was 0.00%.
As of Sep. 2025, CSG NV has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
CSG NV (CHIX:CSGa) 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 Sep. 2025, CSG NV has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
CSG NV Sloan Ratio % Related Terms
CSG NV Sloan Ratio % Historical Data
* Premium members only.
The historical data trend for CSG NV'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:CSGA vs SPCX, GE, RTX: Sloan Ratio % Comparison
For the Aerospace & Defense subindustry, CSG NV'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.
CSG NV Sloan Ratio % vs Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, CSG NV's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where CSG NV'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.
CSG NV's Sloan Ratio for the fiscal year that ended in Dec. 2024 is calculated as
CSG NV's Net Income for the trailing twelve months (TTM) ended in Sep. 2025 was 0 (Dec. 2022 ) + 0 (Dec. 2023 ) + 211.469 (Dec. 2024 ) + 0 (Sep. 2025 ) = €211 Mil.
CSG NV's Cash Flow from Operations for the trailing twelve months (TTM) ended in Sep. 2025 was 0 (Dec. 2022 ) + 0 (Dec. 2023 ) + 0 (Dec. 2024 ) + 0 (Sep. 2025 ) = €0 Mil.
CSG NV's Cash Flow from Investing for the trailing twelve months (TTM) ended in Sep. 2025 was 0 (Dec. 2022 ) + 0 (Dec. 2023 ) + 0 (Dec. 2024 ) + 0 (Sep. 2025 ) = €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.
CSG NV (CHIX:CSGA) has a Sloan Ratio % of 0.00% as of Sep. 2025. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on CSG NV and its competitors.
Is CSG NV's Sloan Ratio % too high?
CSG NV's current Sloan Ratio % is 0.00%. Overall, CSG NV has a GF Score™ of 21/100, reflecting its overall financial health beyond just this single metric.
How does CSG NV's Sloan Ratio % compare to SPCX and GE?
CSG NV's Sloan Ratio % of 0.00% can be compared against companies in the Aerospace & Defense 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 an Aerospace & Defense company?
A good Sloan Ratio % depends on the Aerospace & Defense 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 CSG NV and its competitors. CSG NV'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 CSG NV stock overvalued right now?
CSG NV (CHIX:CSGA) has a current Sloan Ratio % of 0.00%. The current Sloan Ratio % is 0.00%. CSG NV's overall GF Score™ is 21/100 with 3 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 CSG NV (CHIX:CSGA), the current Sloan Ratio % is 0.00% as of Sep. 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.
CSG NV is a defence group in terms of medium, large- and small-calibre ammunition sales based in Prague, Czech Republic, operating in Europe, the United States and in other regions including Asia Pacific. The company's business is divided into two segments: CSG Defence Systems and CSG Ammo.
21GF Score
Get the complete analysis for CHIX:CSGA
Sloan Ratio % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
CHIX:CSGA has been successfully added to your 