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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.
Evolution AB's Sloan Ratio for the quarter that ended in Mar. 2026 was -0.10%.
As of Mar. 2026, Evolution AB has a Sloan Ratio of -0.10%, indicating the company is in the safe zone and there is no funny business with accruals.
Evolution AB (CHIX:EVOs) 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, Evolution AB has a Sloan Ratio of -0.10%, indicating the company is in the safe zone and there is no funny business with accruals.
Evolution AB Sloan Ratio % Related Terms
Evolution AB Sloan Ratio % Historical Data
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The historical data trend for Evolution 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:EVOS vs FLUT, DKNG, SGHC: Sloan Ratio % Comparison
For the Gambling subindustry, Evolution 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.
Evolution AB Sloan Ratio % vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Evolution AB's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Evolution 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.
Evolution AB's Sloan Ratio for the fiscal year that ended in Dec. 2025 is calculated as
Evolution AB's Net Income for the trailing twelve months (TTM) ended in Mar. 2026 was 2734.695 (Jun. 2025 ) + 2775.826 (Sep. 2025 ) + 3338.489 (Dec. 2025 ) + 2713.643 (Mar. 2026 ) = kr11,563 Mil.
Evolution AB's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was 2481.629 (Jun. 2025 ) + 4091.173 (Sep. 2025 ) + 3228.207 (Dec. 2025 ) + 3725.167 (Mar. 2026 ) = kr13,526 Mil.
Evolution AB's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2026 was -499.083 (Jun. 2025 ) + -334.04 (Sep. 2025 ) + -395.061 (Dec. 2025 ) + -670.063 (Mar. 2026 ) = kr-1,898 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.
Evolution AB (CHIX:EVOS) has a Sloan Ratio % of -0.10% as of Mar. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Evolution AB and its competitors.
Is Evolution AB's Sloan Ratio % too high?
Evolution AB's current Sloan Ratio % is -0.10%. Overall, Evolution AB has a GF Score™ of 97/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Evolution AB's Sloan Ratio % compare to FLUT and DKNG?
Evolution AB's Sloan Ratio % of -0.10% can be compared against companies in the Travel & Leisure 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 Travel & Leisure company?
A good Sloan Ratio % depends on the Travel & Leisure 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 Evolution AB and its competitors. Evolution AB's current Sloan Ratio % is -0.10%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Evolution AB stock overvalued right now?
Based on GuruFocus' analysis, Evolution AB (CHIX:EVOS) is currently considered Significantly Undervalued. The stock's GF Value™ is kr1,083.03, compared to a current price of kr689.60 — trading 36.3% below its estimated fair value. The current Sloan Ratio % is -0.10%. Evolution AB's overall GF Score™ is 97/100 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 Evolution AB (CHIX:EVOS), the current Sloan Ratio % is -0.10% 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 Evolution AB (CHIX:EVOS) Overvalued in 2026?
Based on GuruFocus' analysis, Evolution AB stock appears to be undervalued.
The current stock price of kr689.60 is trading 36.3% below its estimated GF Value™ of kr1,083.03.
GuruFocus considers Evolution AB to be Significantly Undervalued.
Key valuation signals for CHIX:EVOS:
Sloan Ratio %: -0.10%
GF Value™: kr1,083.03 vs. price of kr689.60 (36.3% below fair value)
No single metric tells the full story. See the CHIX:EVOS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Evolution AB develops, produces, markets, and licenses fully integrated live casino and slots solutions to gaming operators. In live casino, a game presenter (dealer) runs the game from a casino table, which is followed in real time via a video stream, while players place bets on devices such as computers, smartphones, and tablets. Its games include Live Casino, Slots, Game Shows, First Person, Live Blackjack, Live Roulette, Live Baccarat, Super Sic Bo & Dragon Tiger, Live Poker, and Land-Based games. The Company innovates, develops, and produces online casino content on a B2B basis and generates maximum revenue from Europe, followed by North America and other regions.
97GF 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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