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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, National Cement Co PSC has a Sloan Ratio of 0.95%, indicating the company is in the safe zone and there is no funny business with accruals.
National Cement Co PSC (DFM:NCC) 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, National Cement Co PSC has a Sloan Ratio of 0.95%, indicating the company is in the safe zone and there is no funny business with accruals.
National Cement Co PSC Sloan Ratio % Related Terms
National Cement Co PSC 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.
DFM:NCC vs CRH, VMC, MLM: Sloan Ratio % Comparison
For the Building Materials subindustry, National Cement Co PSC'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.
National Cement Co PSC Sloan Ratio % vs Building Materials Industry
For the Building Materials industry and Basic Materials sector, National Cement Co PSC's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where National Cement Co PSC'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.
National Cement Co PSC's Sloan Ratio for the fiscal year that ended in Dec. 2025 is calculated as
National Cement Co PSC's Net Income for the trailing twelve months (TTM) ended in Mar. 2026 was 10.883 (Jun. 2025 ) + 14.423 (Sep. 2025 ) + 21.332 (Dec. 2025 ) + 75.255 (Mar. 2026 ) = د.إ121.9 Mil.
National Cement Co PSC's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was 12.054 (Jun. 2025 ) + 3.546 (Sep. 2025 ) + 13.005 (Dec. 2025 ) + 25.938 (Mar. 2026 ) = د.إ54.5 Mil.
National Cement Co PSC's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2026 was 46.406 (Jun. 2025 ) + 4.7 (Sep. 2025 ) + -11.559 (Dec. 2025 ) + 2.001 (Mar. 2026 ) = د.إ41.5 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.
National Cement Co PSC (DFM:NCC) has a Sloan Ratio % of 0.95% as of Mar. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on National Cement Co PSC and its competitors.
Is National Cement Co PSC's Sloan Ratio % too high?
National Cement Co PSC's current Sloan Ratio % is 0.95%. Overall, National Cement Co PSC has a GF Score™ of 69/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does National Cement Co PSC's Sloan Ratio % compare to CRH and VMC?
National Cement Co PSC's Sloan Ratio % of 0.95% can be compared against companies in the Building Materials 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 Building Materials company?
A good Sloan Ratio % depends on the Building Materials 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 National Cement Co PSC and its competitors. National Cement Co PSC's current Sloan Ratio % is 0.95%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is National Cement Co PSC stock overvalued right now?
Based on GuruFocus' analysis, National Cement Co PSC (DFM:NCC) is currently considered Fairly Valued. The stock's GF Value™ is د.إ4.48, compared to a current price of د.إ4.53 — trading 1.1% above its estimated fair value. The current Sloan Ratio % is 0.95%. National Cement Co PSC's overall GF Score™ is 69/100 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 National Cement Co PSC (DFM:NCC), the current Sloan Ratio % is 0.95% 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 National Cement Co PSC (DFM:NCC) Overvalued in 2026?
Based on GuruFocus' analysis, National Cement Co PSC stock appears to be overvalued.
The current stock price of د.إ4.53 is trading 1.1% above its estimated GF Value™ of د.إ4.48.
GuruFocus considers National Cement Co PSC to be Fairly Valued.
Key valuation signals for DFM:NCC:
Sloan Ratio %: 0.95%
GF Value™: د.إ4.48 vs. price of د.إ4.53 (1.1% above fair value)
No single metric tells the full story. See the DFM:NCC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
National Cement Co PSC is a UAE-based company that manufactures cement and gypsum products. Its product portfolio includes Ordinary Portland Cement, High Sulphate Resisting Portland Cement, Moderate Sulphate Resisting Portland Cement, Portland Blast Furnace Cement, High Slag Portland Blast Cement, and White Aggregates. The company serves the UAE and GCC markets with its array of branded cement products. It is involved in the manufacturing and supply of Cement and clinker in the United Arab Emirates and the region.
69GF Score
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