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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.
HICL Infrastructure's Sloan Ratio for the quarter that ended in Mar. 2026 was 0.15%.
As of Mar. 2026, HICL Infrastructure has a Sloan Ratio of 0.15%, indicating the company is in the safe zone and there is no funny business with accruals.
HICL Infrastructure (CHIX:HICLl) 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, HICL Infrastructure has a Sloan Ratio of 0.15%, indicating the company is in the safe zone and there is no funny business with accruals.
HICL Infrastructure Sloan Ratio % Related Terms
HICL Infrastructure Sloan Ratio % Historical Data
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The historical data trend for HICL Infrastructure'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:HICLL vs BLK, BX, KKR: Sloan Ratio % Comparison
For the Asset Management subindustry, HICL Infrastructure'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.
HICL Infrastructure Sloan Ratio % vs Asset Management Industry
For the Asset Management industry and Financial Services sector, HICL Infrastructure's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where HICL Infrastructure'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.
HICL Infrastructure's Sloan Ratio for the fiscal year that ended in Mar. 2026 is calculated as
For company reported semi-annually, GuruFocus uses latest two semi-annual data as the TTM data.
HICL Infrastructure's Net Income for the trailing twelve months (TTM) ended in Mar. 2026 was 119.5 (Sep. 2025 ) + 147.1 (Mar. 2026 ) = £266.6 Mil.
HICL Infrastructure's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was 82.5 (Sep. 2025 ) + 79.5 (Mar. 2026 ) = £162.0 Mil.
HICL Infrastructure's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2026 was 62.5 (Sep. 2025 ) + 37.5 (Mar. 2026 ) = £100.0 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.
HICL Infrastructure (CHIX:HICLL) has a Sloan Ratio % of 0.15% as of Mar. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on HICL Infrastructure and its competitors.
Is HICL Infrastructure's Sloan Ratio % too high?
HICL Infrastructure's current Sloan Ratio % is 0.15%. Overall, HICL Infrastructure has a GF Score™ of 60/100, reflecting its overall financial health beyond just this single metric.
How does HICL Infrastructure's Sloan Ratio % compare to BLK and BX?
HICL Infrastructure's Sloan Ratio % of 0.15% can be compared against companies in the Asset Management 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 Asset Management company?
A good Sloan Ratio % depends on the Asset Management 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 HICL Infrastructure and its competitors. HICL Infrastructure's current Sloan Ratio % is 0.15%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is HICL Infrastructure stock overvalued right now?
HICL Infrastructure (CHIX:HICLL) has a current Sloan Ratio % of 0.15%. The stock's GF Value™ is £3.03, compared to a current price of £1.23 — trading 59.3% below its estimated fair value. The current Sloan Ratio % is 0.15%. HICL Infrastructure's overall GF Score™ is 60/100 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 HICL Infrastructure (CHIX:HICLL), the current Sloan Ratio % is 0.15% 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 HICL Infrastructure (CHIX:HICLL) Overvalued in 2026?
Based on GuruFocus' analysis, HICL Infrastructure stock appears to be undervalued.
The current stock price of £1.23 is trading 59.3% below its estimated GF Value™ of £3.03.
Key valuation signals for CHIX:HICLL:
Sloan Ratio %: 0.15%
GF Value™: £3.03 vs. price of £1.23 (59.3% below fair value)
No single metric tells the full story. See the CHIX:HICLL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
HICL Infrastructure PLC is a closed-ended investment company based in the United Kingdom. The company directs its investments toward infrastructure projects with special emphasis on Public-Private Partnerships companies, Regulated infrastructure, and Demand-based infrastructure companies. The Company's geographical segments based on its investments are the United Kingdom, the European Union, North America, and Australia/New Zealand.
60GF Score
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