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.
Emaar Development PJSC's Sloan Ratio for the quarter that ended in Mar. 2026 was -8.13%.
As of Mar. 2026, Emaar Development PJSC has a Sloan Ratio of -8.13%, indicating the company is in the safe zone and there is no funny business with accruals.
Emaar Development PJSC (DFM:EMAARDEV) 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, Emaar Development PJSC has a Sloan Ratio of -8.13%, indicating the company is in the safe zone and there is no funny business with accruals.
Emaar Development PJSC Sloan Ratio % Related Terms
Emaar Development PJSC Sloan Ratio % Historical Data
* 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.
Emaar Development PJSC Sloan Ratio % Competitor Comparison
For the Real Estate - Development subindustry, Emaar Development PJSC'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.
Emaar Development PJSC Sloan Ratio % vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Emaar Development PJSC's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Emaar Development PJSC'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.
Emaar Development PJSC's Sloan Ratio for the fiscal year that ended in Dec. 2025 is calculated as
Emaar Development PJSC's Net Income for the trailing twelve months (TTM) ended in Mar. 2026 was 1837.812 (Jun. 2025 ) + 3249.967 (Sep. 2025 ) + 4310.183 (Dec. 2025 ) + 2922.59 (Mar. 2026 ) = د.إ12,321 Mil.
Emaar Development PJSC's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was 6015.813 (Jun. 2025 ) + 3126.651 (Sep. 2025 ) + 5863.924 (Dec. 2025 ) + 5142.077 (Mar. 2026 ) = د.إ20,148 Mil.
Emaar Development PJSC's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2026 was 289.274 (Jun. 2025 ) + 345.899 (Sep. 2025 ) + -1092.748 (Dec. 2025 ) + -125.663 (Mar. 2026 ) = د.إ-583 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.
Emaar Development PJSC (DFM:EMAARDEV) has a Sloan Ratio % of -8.13% as of Mar. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Emaar Development PJSC and its competitors.
Is Emaar Development PJSC's Sloan Ratio % too high?
Emaar Development PJSC's current Sloan Ratio % is -8.13%. Overall, Emaar Development PJSC has a GF Score™ of 100/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Emaar Development PJSC's Sloan Ratio % compare to competitors?
Emaar Development PJSC's Sloan Ratio % of -8.13% 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 Emaar Development PJSC and its competitors. Emaar Development PJSC's current Sloan Ratio % is -8.13%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Emaar Development PJSC stock overvalued right now?
Based on GuruFocus' analysis, Emaar Development PJSC (DFM:EMAARDEV) is currently considered Significantly Undervalued. The stock's GF Value™ is د.إ20.14, compared to a current price of د.إ14.04 — trading 30.3% below its estimated fair value. The current Sloan Ratio % is -8.13%. Emaar Development PJSC's overall GF Score™ is 100/100 with 1 warning sign 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 Emaar Development PJSC (DFM:EMAARDEV), the current Sloan Ratio % is -8.13% 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 Emaar Development PJSC (DFM:EMAARDEV) Overvalued in 2026?
Based on GuruFocus' analysis, Emaar Development PJSC stock appears to be undervalued.
The current stock price of د.إ14.04 is trading 30.3% below its estimated GF Value™ of د.إ20.14.
GuruFocus considers Emaar Development PJSC to be Significantly Undervalued.
Key valuation signals for DFM:EMAARDEV:
Sloan Ratio %: -8.13%
GF Value™: د.إ20.14 vs. price of د.إ14.04 (30.3% below fair value)
No single metric tells the full story. See the DFM:EMAARDEV stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Emaar Development PJSC is a property developer and provider of lifestyle-focused real estate, with operations in the Middle East, North Africa, and Asia. Its principal activities are property investment, development and development management, shopping malls and retail, entertainment, hospitality, property management and utility services and investments in providers of financial services. The majority of the company'ss revenue is derived from the sale of residential units. Geographically, the company is currently operating only in the UAE.
100GF Score
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