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.
Central Pattana PCL's Sloan Ratio for the quarter that ended in Mar. 2026 was -3.01%.
As of Mar. 2026, Central Pattana PCL has a Sloan Ratio of -3.01%, indicating the company is in the safe zone and there is no funny business with accruals.
Central Pattana PCL (OTCPK:CPPBY) 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, Central Pattana PCL has a Sloan Ratio of -3.01%, indicating the company is in the safe zone and there is no funny business with accruals.
Central Pattana PCL Sloan Ratio % Related Terms
Central Pattana PCL Sloan Ratio % Historical Data
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The historical data trend for Central Pattana PCL'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.
Central Pattana PCL Sloan Ratio % Competitor Comparison
For the Real Estate - Diversified subindustry, Central Pattana PCL'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.
Central Pattana PCL Sloan Ratio % vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Central Pattana PCL's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Central Pattana PCL'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.
Central Pattana PCL's Sloan Ratio for the fiscal year that ended in Dec. 2025 is calculated as
Central Pattana PCL's Net Income for the trailing twelve months (TTM) ended in Mar. 2026 was 132.12 (Jun. 2025 ) + 169.7 (Sep. 2025 ) + 154.704 (Dec. 2025 ) + 154.073 (Mar. 2026 ) = $611 Mil.
Central Pattana PCL's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was 172.904 (Jun. 2025 ) + 549.777 (Sep. 2025 ) + 294.713 (Dec. 2025 ) + 230.389 (Mar. 2026 ) = $1,248 Mil.
Central Pattana PCL's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2026 was -20.199 (Jun. 2025 ) + -47.281 (Sep. 2025 ) + -132.926 (Dec. 2025 ) + -150.443 (Mar. 2026 ) = $-351 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.
Central Pattana PCL (CPPBY) has a Sloan Ratio % of -3.01% as of Mar. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Central Pattana PCL and its competitors.
Is Central Pattana PCL's Sloan Ratio % too high?
Central Pattana PCL's current Sloan Ratio % is -3.01%. Overall, Central Pattana PCL has a GF Score™ of 90/100, reflecting its overall financial health beyond just this single metric.
How does Central Pattana PCL's Sloan Ratio % compare to competitors?
Central Pattana PCL's Sloan Ratio % of -3.01% 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 Central Pattana PCL and its competitors. Central Pattana PCL's current Sloan Ratio % is -3.01%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Central Pattana PCL stock overvalued right now?
Central Pattana PCL (CPPBY) has a current Sloan Ratio % of -3.01%. The stock's GF Value™ is $23.14, compared to a current price of $23.40 — trading 1.1% above its estimated fair value. The current Sloan Ratio % is -3.01%. Central Pattana PCL's overall GF Score™ is 90/100 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 Central Pattana PCL (CPPBY), the current Sloan Ratio % is -3.01% 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 Central Pattana PCL (CPPBY) Overvalued in 2026?
Based on GuruFocus' analysis, Central Pattana PCL stock appears to be overvalued.
The current stock price of $23.40 is trading 1.1% above its estimated GF Value™ of $23.14.
Key valuation signals for CPPBY:
Sloan Ratio %: -3.01%
GF Value™: $23.14 vs. price of $23.40 (1.1% above fair value)
No single metric tells the full story. See the CPPBY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Central Pattana PCL is engaged in the development and management of properties, including the construction of office buildings and shopping centers for rent, the provision of utility services within shopping centers, the sale of food and beverages, and the delivery of property management consulting and corporate services. Its segments are the development of shopping center buildings, office buildings, and condominiums for rent, including food center services, utility services, and the operation of playlands and water theme parks, which generate the majority of the company's revenue; the hotel business; and the real estate business, which involves the sale of land, houses, and condominium units. The Group is mainly managed and operates principally in Thailand.
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