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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.
Topps Tiles's Sloan Ratio for the quarter that ended in Mar. 2026 was -8.27%.
As of Mar. 2026, Topps Tiles has a Sloan Ratio of -8.27%, indicating the company is in the safe zone and there is no funny business with accruals.
Topps Tiles (CHIX:TPTl) 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, Topps Tiles has a Sloan Ratio of -8.27%, indicating the company is in the safe zone and there is no funny business with accruals.
Topps Tiles Sloan Ratio % Related Terms
Topps Tiles Sloan Ratio % Historical Data
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The historical data trend for Topps Tiles'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:TPTL vs HD, LOW, FND: Sloan Ratio % Comparison
For the Home Improvement Retail subindustry, Topps Tiles'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.
Topps Tiles Sloan Ratio % vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Topps Tiles's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Topps Tiles'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.
Topps Tiles's Sloan Ratio for the fiscal year that ended in Sep. 2025 is calculated as
For company reported semi-annually, GuruFocus uses latest two semi-annual data as the TTM data.
Topps Tiles's Net Income for the trailing twelve months (TTM) ended in Mar. 2026 was 4.792 (Sep. 2025 ) + 0.343 (Mar. 2026 ) = £5.1 Mil.
Topps Tiles's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was 18.354 (Sep. 2025 ) + 8.054 (Mar. 2026 ) = £26.4 Mil.
Topps Tiles's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2026 was -0.774 (Sep. 2025 ) + -5.21 (Mar. 2026 ) = £-6.0 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.
Topps Tiles (CHIX:TPTL) has a Sloan Ratio % of -8.27% as of Mar. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Topps Tiles and its competitors.
Is Topps Tiles' Sloan Ratio % too high?
Topps Tiles' current Sloan Ratio % is -8.27%. Overall, Topps Tiles has a GF Score™ of 48/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Topps Tiles' Sloan Ratio % compare to HD and LOW?
Topps Tiles' Sloan Ratio % of -8.27% 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 Topps Tiles and its competitors. Topps Tiles's current Sloan Ratio % is -8.27%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Topps Tiles stock overvalued right now?
Based on GuruFocus' analysis, Topps Tiles (CHIX:TPTL) is currently considered Modestly Undervalued. The stock's GF Value™ is £0.45, compared to a current price of £0.34 — trading 23.8% below its estimated fair value. The current Sloan Ratio % is -8.27%. Topps Tiles' overall GF Score™ is 48/100 with 5 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 Topps Tiles (CHIX:TPTL), the current Sloan Ratio % is -8.27% 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 Topps Tiles (CHIX:TPTL) Overvalued in 2026?
Based on GuruFocus' analysis, Topps Tiles stock appears to be undervalued.
The current stock price of £0.34 is trading 23.8% below its estimated GF Value™ of £0.45.
GuruFocus considers Topps Tiles to be Modestly Undervalued.
Key valuation signals for CHIX:TPTL:
Sloan Ratio %: -8.27%
GF Value™: £0.45 vs. price of £0.34 (23.8% below fair value)
No single metric tells the full story. See the CHIX:TPTL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Topps Tiles PLC is a tile and flooring retailer in the UK. The company focuses on selling ceramic and porcelain tiles, natural stone, and related products for homes and businesses. It offers products such as bathroom tiles, kitchen tiles, floor tiles, wall tiles, mosaic tiles, natural stone, and other tools and essentials. The company operates in the UK, the EU, and the rest of the world, and generates the majority of its revenue from sales in the UK.
48GF 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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