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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.
Kobenhavns Lufthavne's Sloan Ratio for the quarter that ended in Mar. 2026 was 6.46%.
As of Mar. 2026, Kobenhavns Lufthavne has a Sloan Ratio of 6.46%, indicating the company is in the safe zone and there is no funny business with accruals.
Kobenhavns Lufthavne (CHIX:KBHLc) 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, Kobenhavns Lufthavne has a Sloan Ratio of 6.46%, indicating the company is in the safe zone and there is no funny business with accruals.
Kobenhavns Lufthavne Sloan Ratio % Related Terms
Kobenhavns Lufthavne Sloan Ratio % Historical Data
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The historical data trend for Kobenhavns Lufthavne'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:KBHLC vs JOBY, CAAP: Sloan Ratio % Comparison
For the Airports & Air Services subindustry, Kobenhavns Lufthavne'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.
Kobenhavns Lufthavne Sloan Ratio % vs Transportation Industry
For the Transportation industry and Industrials sector, Kobenhavns Lufthavne's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Kobenhavns Lufthavne'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.
Kobenhavns Lufthavne's Sloan Ratio for the fiscal year that ended in Dec. 2025 is calculated as
Kobenhavns Lufthavne's Net Income for the trailing twelve months (TTM) ended in Mar. 2026 was 377 (Jun. 2025 ) + 513 (Sep. 2025 ) + 252 (Dec. 2025 ) + 146 (Mar. 2026 ) = kr1,288 Mil.
Kobenhavns Lufthavne's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was 582 (Jun. 2025 ) + 814 (Sep. 2025 ) + 669 (Dec. 2025 ) + 188 (Mar. 2026 ) = kr2,253 Mil.
Kobenhavns Lufthavne's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2026 was -431 (Jun. 2025 ) + -424 (Sep. 2025 ) + -810 (Dec. 2025 ) + -444 (Mar. 2026 ) = kr-2,109 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.
Kobenhavns Lufthavne (CHIX:KBHLC) has a Sloan Ratio % of 6.46% as of Mar. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Kobenhavns Lufthavne and its competitors.
Is Kobenhavns Lufthavne's Sloan Ratio % too high?
Kobenhavns Lufthavne's current Sloan Ratio % is 6.46%. Overall, Kobenhavns Lufthavne has a GF Score™ of 79/100, reflecting its overall financial health beyond just this single metric.
How does Kobenhavns Lufthavne's Sloan Ratio % compare to JOBY and CAAP?
Kobenhavns Lufthavne's Sloan Ratio % of 6.46% can be compared against companies in the Transportation 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 Transportation company?
A good Sloan Ratio % depends on the Transportation 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 Kobenhavns Lufthavne and its competitors. Kobenhavns Lufthavne's current Sloan Ratio % is 6.46%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kobenhavns Lufthavne stock overvalued right now?
Kobenhavns Lufthavne (CHIX:KBHLC) has a current Sloan Ratio % of 6.46%. The stock's GF Value™ is kr9,159.38, compared to a current price of kr6,880.00 — trading 24.9% below its estimated fair value. The current Sloan Ratio % is 6.46%. Kobenhavns Lufthavne's overall GF Score™ is 79/100 with 3 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 Kobenhavns Lufthavne (CHIX:KBHLC), the current Sloan Ratio % is 6.46% 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 Kobenhavns Lufthavne (CHIX:KBHLC) Overvalued in 2026?
Based on GuruFocus' analysis, Kobenhavns Lufthavne stock appears to be undervalued.
The current stock price of kr6,880.00 is trading 24.9% below its estimated GF Value™ of kr9,159.38.
Key valuation signals for CHIX:KBHLC:
Sloan Ratio %: 6.46%
GF Value™: kr9,159.38 vs. price of kr6,880.00 (24.9% below fair value)
No single metric tells the full story. See the CHIX:KBHLC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Kobenhavns Lufthavne owns and operates Airports in Denmark. The company manages the infrastructure, buildings, and other services in the Kastrup and Roskilde airports. Copenhagen Airports divides its activities into two areas; Aeronautical and Non-aeronautical. Its majority of revenues are derived from the Aeronautical segment which comprises the operations and functions that the airports at Kastrup and Roskilde make available so that airlines can operate their flights, including facilities required for passengers to pass through these airports. The Non-aeronautical segment comprises the other facilities and services provided at the airports for passengers and others, including car-parking facilities, shops, restaurants, rest areas, lounges, and hotels.
79GF 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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