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.
Matas AS's Sloan Ratio for the quarter that ended in Mar. 2026 was -3.07%.
As of Mar. 2026, Matas AS has a Sloan Ratio of -3.07%, indicating the company is in the safe zone and there is no funny business with accruals.
Matas AS (CHIX:MATASc) 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, Matas AS has a Sloan Ratio of -3.07%, indicating the company is in the safe zone and there is no funny business with accruals.
Matas AS Sloan Ratio % Related Terms
Matas AS Sloan Ratio % Historical Data
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The historical data trend for Matas AS'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:MATASC vs CASY, WSM, DKS: Sloan Ratio % Comparison
For the Specialty Retail subindustry, Matas AS'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.
Matas AS Sloan Ratio % vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Matas AS's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Matas AS'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.
Matas AS's Sloan Ratio for the fiscal year that ended in Mar. 2026 is calculated as
Matas AS's Net Income for the trailing twelve months (TTM) ended in Mar. 2026 was 64 (Jun. 2025 ) + 24 (Sep. 2025 ) + 186 (Dec. 2025 ) + -31 (Mar. 2026 ) = kr243 Mil.
Matas AS's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was 471 (Jun. 2025 ) + -61 (Sep. 2025 ) + 449 (Dec. 2025 ) + 92 (Mar. 2026 ) = kr951 Mil.
Matas AS's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2026 was -100 (Jun. 2025 ) + -101 (Sep. 2025 ) + -82 (Dec. 2025 ) + -123 (Mar. 2026 ) = kr-406 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.
Matas AS (CHIX:MATASC) has a Sloan Ratio % of -3.07% as of Mar. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Matas AS and its competitors.
Is Matas AS's Sloan Ratio % too high?
Matas AS's current Sloan Ratio % is -3.07%. Overall, Matas AS has a GF Score™ of 76/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Matas AS's Sloan Ratio % compare to CASY and WSM?
Matas AS's Sloan Ratio % of -3.07% can be compared against companies in the Retail - Cyclical 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 Retail - Cyclical company?
A good Sloan Ratio % depends on the Retail - Cyclical 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 Matas AS and its competitors. Matas AS's current Sloan Ratio % is -3.07%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Matas AS stock overvalued right now?
Based on GuruFocus' analysis, Matas AS (CHIX:MATASC) is currently considered Modestly Undervalued. The stock's GF Value™ is kr138.26, compared to a current price of kr100.70 — trading 27.2% below its estimated fair value. The current Sloan Ratio % is -3.07%. Matas AS's overall GF Score™ is 76/100 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 Matas AS (CHIX:MATASC), the current Sloan Ratio % is -3.07% 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 Matas AS (CHIX:MATASC) Overvalued in 2026?
Based on GuruFocus' analysis, Matas AS stock appears to be undervalued.
The current stock price of kr100.70 is trading 27.2% below its estimated GF Value™ of kr138.26.
GuruFocus considers Matas AS to be Modestly Undervalued.
Key valuation signals for CHIX:MATASC:
Sloan Ratio %: -3.07%
GF Value™: kr138.26 vs. price of kr100.70 (27.2% below fair value)
No single metric tells the full story. See the CHIX:MATASC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Matas AS is beauty and wellbeing brands. It has three segments Matas, KICKS and Other. It generates majority of revenue from Matas segment. Its product groups are High-end Beauty: Luxury beauty products, including cosmetics, skincare and haircare products and fragrances; Mass Beauty: Everyday beauty products and personal care, including cosmetics and skincare and haircare products; Health and Wellbeing: MediCare Vitamins, minerals, health supplements, specialty foods and herbal medicinal products. Sports, nutrition and exercise. Baby and parent. Sexual wellness, Personal care products and special skincare; Other: Clothing and accessories. It generates majority of revenue from Denmark followed by Sweden, Norway, and Other countries.
76GF 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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