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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.
Derwent London's Sloan Ratio for the quarter that ended in Jun. 2026 was -4.38%.
As of Jun. 2026, Derwent London has a Sloan Ratio of -4.38%, indicating the company is in the safe zone and there is no funny business with accruals.
Derwent London (CHIX:DLNl) 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 Jun. 2026, Derwent London has a Sloan Ratio of -4.38%, indicating the company is in the safe zone and there is no funny business with accruals.
Derwent London Sloan Ratio % Related Terms
Derwent London Sloan Ratio % Historical Data
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The historical data trend for Derwent London'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:DLNL vs BXP, ARE, VNO: Sloan Ratio % Comparison
For the REIT - Office subindustry, Derwent London'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.
Derwent London Sloan Ratio % vs REITs Industry
For the REITs industry and Real Estate sector, Derwent London's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Derwent London'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.
Derwent London'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.
Derwent London's Net Income for the trailing twelve months (TTM) ended in Jun. 2026 was 66.6 (Dec. 2025 ) + -18.6 (Jun. 2026 ) = £48.0 Mil.
Derwent London's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 was 169.2 (Dec. 2025 ) + 34.4 (Jun. 2026 ) = £203.6 Mil.
Derwent London's Cash Flow from Investing for the trailing twelve months (TTM) ended in Jun. 2026 was -32.3 (Dec. 2025 ) + 104.4 (Jun. 2026 ) = £72.1 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.
Derwent London (CHIX:DLNL) has a Sloan Ratio % of -4.38% as of Jun. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Derwent London and its competitors.
Is Derwent London's Sloan Ratio % too high?
Derwent London's current Sloan Ratio % is -4.38%. Overall, Derwent London has a GF Score™ of 72/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Derwent London's Sloan Ratio % compare to BXP and ARE?
Derwent London's Sloan Ratio % of -4.38% can be compared against companies in the REITs 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 REITs company?
A good Sloan Ratio % depends on the REITs 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 Derwent London and its competitors. Derwent London's current Sloan Ratio % is -4.38%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Derwent London stock overvalued right now?
Based on GuruFocus' analysis, Derwent London (CHIX:DLNL) is currently considered Modestly Undervalued. The stock's GF Value™ is £24.11, compared to a current price of £20.66 — trading 14.3% below its estimated fair value. The current Sloan Ratio % is -4.38%. Derwent London's overall GF Score™ is 72/100 with 10 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 Derwent London (CHIX:DLNL), the current Sloan Ratio % is -4.38% as of Jun. 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 Derwent London (CHIX:DLNL) Overvalued in 2026?
Based on GuruFocus' analysis, Derwent London stock appears to be undervalued.
The current stock price of £20.66 is trading 14.3% below its estimated GF Value™ of £24.11.
GuruFocus considers Derwent London to be Modestly Undervalued.
Key valuation signals for CHIX:DLNL:
Sloan Ratio %: -4.38%
GF Value™: £24.11 vs. price of £20.66 (14.3% below fair value)
No single metric tells the full story. See the CHIX:DLNL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Derwent London PLC is London's inventive office specialist property regenerators and investors and is well known for its design-led philosophy and creative management approach to development. Its appealing designs attract a range of tenants, including those from creative industries. The group has been a Real Estate Investment Trust (REIT) principally property investors with tax-exempt property rental businesses, but remain subject to corporation tax on nonexempt income and gains The Group owns and manages an investment portfolio of approximately 5.4 million sq ft, of which 98% is located in central London, with a specific focus on the West End and the areas bordering the City of London.
72GF 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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