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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.
As of Mar. 2026, Emirates Central Cooling Systems PJSC has a Sloan Ratio of -2.93%, indicating the company is in the safe zone and there is no funny business with accruals.
Emirates Central Cooling Systems PJSC (DFM:EMPOWER) 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, Emirates Central Cooling Systems PJSC has a Sloan Ratio of -2.93%, indicating the company is in the safe zone and there is no funny business with accruals.
Emirates Central Cooling Systems PJSC Sloan Ratio % Related Terms
Emirates Central Cooling Systems 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.
Emirates Central Cooling Systems PJSC Sloan Ratio % Chart
DFM:EMPOWER vs AWK, WTRG, AWR: Sloan Ratio % Comparison
For the Utilities - Regulated Water subindustry, Emirates Central Cooling Systems 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.
Emirates Central Cooling Systems PJSC Sloan Ratio % vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Emirates Central Cooling Systems PJSC's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Emirates Central Cooling Systems PJSC's Sloan Ratio % falls into.
Emirates Central Cooling Systems PJSC Sloan Ratio % Calculation
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.
Emirates Central Cooling Systems PJSC's Net Income for the trailing twelve months (TTM) ended in Mar. 2026 was 254.973 (Jun. 2025 ) + 283.107 (Sep. 2025 ) + 312.251 (Dec. 2025 ) + 207.094 (Mar. 2026 ) = د.إ1,057 Mil.
Emirates Central Cooling Systems PJSC's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was 478.237 (Jun. 2025 ) + 461.167 (Sep. 2025 ) + 551.769 (Dec. 2025 ) + 402.284 (Mar. 2026 ) = د.إ1,893 Mil.
Emirates Central Cooling Systems PJSC's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2026 was -81.167 (Jun. 2025 ) + -161.359 (Sep. 2025 ) + -85.332 (Dec. 2025 ) + -153.636 (Mar. 2026 ) = د.إ-481 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.
Emirates Central Cooling Systems PJSC (DFM:EMPOWER) has a Sloan Ratio % of -2.93% as of Mar. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Emirates Central Cooling Systems PJSC and its competitors.
Is Emirates Central Cooling Systems PJSC's Sloan Ratio % too high?
Emirates Central Cooling Systems PJSC's current Sloan Ratio % is -2.93%. Overall, Emirates Central Cooling Systems PJSC has a GF Score™ of 80/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Emirates Central Cooling Systems PJSC's Sloan Ratio % compare to AWK and WTRG?
Emirates Central Cooling Systems PJSC's Sloan Ratio % of -2.93% can be compared against companies in the Utilities - Regulated 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 an Utilities - Regulated company?
A good Sloan Ratio % depends on the Utilities - Regulated 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 Emirates Central Cooling Systems PJSC and its competitors. Emirates Central Cooling Systems PJSC's current Sloan Ratio % is -2.93%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Emirates Central Cooling Systems PJSC stock overvalued right now?
Based on GuruFocus' analysis, Emirates Central Cooling Systems PJSC (DFM:EMPOWER) is currently considered Modestly Undervalued. The stock's GF Value™ is د.إ1.87, compared to a current price of د.إ1.61 — trading 13.9% below its estimated fair value. The current Sloan Ratio % is -2.93%. Emirates Central Cooling Systems PJSC's overall GF Score™ is 80/100 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 Emirates Central Cooling Systems PJSC (DFM:EMPOWER), the current Sloan Ratio % is -2.93% 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 Emirates Central Cooling Systems PJSC (DFM:EMPOWER) Overvalued in 2026?
Based on GuruFocus' analysis, Emirates Central Cooling Systems PJSC stock appears to be undervalued.
The current stock price of د.إ1.61 is trading 13.9% below its estimated GF Value™ of د.إ1.87.
GuruFocus considers Emirates Central Cooling Systems PJSC to be Modestly Undervalued.
Key valuation signals for DFM:EMPOWER:
Sloan Ratio %: -2.93%
GF Value™: د.إ1.87 vs. price of د.إ1.61 (13.9% below fair value)
No single metric tells the full story. See the DFM:EMPOWER stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Emirates Central Cooling Systems PJSC Business Description
Emirates Central Cooling Systems Corp PJSC offers district cooling services, and management, operation, and maintenance of central cooling plants and related distribution networks. The group has two operating and reportable segments: Chilled water and Pre-insulated pipe business. The majority of its revenue is generated from the Chilled water segment, which constructs, owns, assembles, installs, operates, and maintains cooling and conditioning systems. In addition, it distributes and sells chilled water for use in district cooling technologies. The Pre-insulated pipe business is involved in manufacturing, assembling, and selling activities relating to the expansion of the group's chilled water business. Geographically, the group generates all of its revenue from the United Arab Emirates.
80GF Score
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