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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.
Karnov Group AB's Sloan Ratio for the quarter that ended in Mar. 2026 was -3.47%.
As of Mar. 2026, Karnov Group AB has a Sloan Ratio of -3.47%, indicating the company is in the safe zone and there is no funny business with accruals.
Karnov Group AB (CHIX:KARs) 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, Karnov Group AB has a Sloan Ratio of -3.47%, indicating the company is in the safe zone and there is no funny business with accruals.
Karnov Group AB Sloan Ratio % Related Terms
Karnov Group AB Sloan Ratio % Historical Data
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The historical data trend for Karnov Group 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:KARS vs CTAS, CPRT, ULS: Sloan Ratio % Comparison
For the Specialty Business Services subindustry, Karnov Group 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.
Karnov Group AB Sloan Ratio % vs Business Services Industry
For the Business Services industry and Industrials sector, Karnov Group AB's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Karnov Group 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.
Karnov Group AB's Sloan Ratio for the fiscal year that ended in Dec. 2025 is calculated as
Karnov Group AB's Net Income for the trailing twelve months (TTM) ended in Mar. 2026 was 7.9 (Jun. 2025 ) + 43.4 (Sep. 2025 ) + 842.1 (Dec. 2025 ) + 58.7 (Mar. 2026 ) = kr952 Mil.
Karnov Group AB's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was 9.9 (Jun. 2025 ) + -11.1 (Sep. 2025 ) + 75 (Dec. 2025 ) + 289.7 (Mar. 2026 ) = kr364 Mil.
Karnov Group AB's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2026 was -43 (Jun. 2025 ) + -15.6 (Sep. 2025 ) + 934.4 (Dec. 2025 ) + -43.4 (Mar. 2026 ) = kr832 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.
Karnov Group AB (CHIX:KARS) has a Sloan Ratio % of -3.47% as of Mar. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Karnov Group AB and its competitors.
Is Karnov Group AB's Sloan Ratio % too high?
Karnov Group AB's current Sloan Ratio % is -3.47%. Overall, Karnov Group AB has a GF Score™ of 75/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Karnov Group AB's Sloan Ratio % compare to CTAS and CPRT?
Karnov Group AB's Sloan Ratio % of -3.47% can be compared against companies in the Business Services 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 Business Services company?
A good Sloan Ratio % depends on the Business Services 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 Karnov Group AB and its competitors. Karnov Group AB's current Sloan Ratio % is -3.47%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Karnov Group AB stock overvalued right now?
Based on GuruFocus' analysis, Karnov Group AB (CHIX:KARS) is currently considered Significantly Undervalued. The stock's GF Value™ is kr117.64, compared to a current price of kr64.30 — trading 45.3% below its estimated fair value. The current Sloan Ratio % is -3.47%. Karnov Group AB's overall GF Score™ is 75/100 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 Karnov Group AB (CHIX:KARS), the current Sloan Ratio % is -3.47% 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 Karnov Group AB (CHIX:KARS) Overvalued in 2026?
Based on GuruFocus' analysis, Karnov Group AB stock appears to be undervalued.
The current stock price of kr64.30 is trading 45.3% below its estimated GF Value™ of kr117.64.
GuruFocus considers Karnov Group AB to be Significantly Undervalued.
Key valuation signals for CHIX:KARS:
Sloan Ratio %: -3.47%
GF Value™: kr117.64 vs. price of kr64.30 (45.3% below fair value)
No single metric tells the full story. See the CHIX:KARS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Karnov Group AB is a provider of mission-critical information in the areas of legal, tax and auditing, environment, and health and safety. Karnov's products include subscription-based online solutions for law firms, tax and accounting firms, corporates, and the public sector including, courts, universities, public authorities, and municipalities. Karnov also publishes and sells offline books and journals and hosts legal training courses. Its brands are Karnov Group Denmark, Norstedts Juridik, Aranzadi LA LEY, Lamy Liaisons, Notisum, Echoline, BELLA Intelligence. Geographically, it derives a majority of its revenue from Denmark and also has a presence in Sweden, Norway, France, Spain, and Portugal.
75GF 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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