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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.
As of Mar. 2026, Infrastrutture Wireless Italiane SpA has a Sloan Ratio of -1.78%, indicating the company is in the safe zone and there is no funny business with accruals.
Infrastrutture Wireless Italiane SpA (CHIX:INWm) 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, Infrastrutture Wireless Italiane SpA has a Sloan Ratio of -1.78%, indicating the company is in the safe zone and there is no funny business with accruals.
Infrastrutture Wireless Italiane SpA Sloan Ratio % Related Terms
Infrastrutture Wireless Italiane SpA Sloan Ratio % Historical Data
* 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.
Infrastrutture Wireless Italiane SpA Sloan Ratio % Chart
CHIX:INWM vs CBRE, BEKE, JLL: Sloan Ratio % Comparison
For the Real Estate Services subindustry, Infrastrutture Wireless Italiane SpA'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.
Infrastrutture Wireless Italiane SpA Sloan Ratio % vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Infrastrutture Wireless Italiane SpA's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Infrastrutture Wireless Italiane SpA's Sloan Ratio % falls into.
Infrastrutture Wireless Italiane SpA Sloan Ratio % Calculation
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.
* 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.
Infrastrutture Wireless Italiane SpA (CHIX:INWM) has a Sloan Ratio % of -1.78% as of Mar. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Infrastrutture Wireless Italiane SpA and its competitors.
Is Infrastrutture Wireless Italiane SpA's Sloan Ratio % too high?
Infrastrutture Wireless Italiane SpA's current Sloan Ratio % is -1.78%. Overall, Infrastrutture Wireless Italiane SpA has a GF Score™ of 73/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Infrastrutture Wireless Italiane SpA's Sloan Ratio % compare to CBRE and BEKE?
Infrastrutture Wireless Italiane SpA's Sloan Ratio % of -1.78% can be compared against companies in the Real Estate 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 Real Estate company?
A good Sloan Ratio % depends on the Real Estate 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 Infrastrutture Wireless Italiane SpA and its competitors. Infrastrutture Wireless Italiane SpA's current Sloan Ratio % is -1.78%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Infrastrutture Wireless Italiane SpA stock overvalued right now?
Based on GuruFocus' analysis, Infrastrutture Wireless Italiane SpA (CHIX:INWM) is currently considered Possible Value Trap. The stock's GF Value™ is €10.94, compared to a current price of €6.40 — trading 41.5% below its estimated fair value. The current Sloan Ratio % is -1.78%. Infrastrutture Wireless Italiane SpA's overall GF Score™ is 73/100 with 6 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 Infrastrutture Wireless Italiane SpA (CHIX:INWM), the current Sloan Ratio % is -1.78% 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 Infrastrutture Wireless Italiane SpA (CHIX:INWM) Overvalued in 2026?
Based on GuruFocus' analysis, Infrastrutture Wireless Italiane SpA stock appears to be undervalued.
The current stock price of €6.40 is trading 41.5% below its estimated GF Value™ of €10.94.
GuruFocus considers Infrastrutture Wireless Italiane SpA to be Possible Value Trap.
Key valuation signals for CHIX:INWM:
Sloan Ratio %: -1.78%
GF Value™: €10.94 vs. price of €6.40 (41.5% below fair value)
No single metric tells the full story. See the CHIX:INWM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Infrastrutture Wireless Italiane SpA Business Description
Inwit is an Italian wireless tower company born from the spinoff of Telecom Italia's tower assets in 2015. In 2020, Inwit merged its tower assets with those of Vodafone Italia, creating a tower leader in the Italian market with a high-quality portfolio derived from the networks created by Telecom Italia and Vodafone over the past two decades. Inwit owns 25,000 towers, having the highest tenancy ratio and EBITDA margin among the European tower firms. Cellnex is Inwit's main competitor in Italy, owning a similar number of towers.
73GF Score
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