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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.
Meghna Petroleum's Sloan Ratio for the quarter that ended in Mar. 2026 was -3.45%.
As of Mar. 2026, Meghna Petroleum has a Sloan Ratio of -3.45%, indicating the company is in the safe zone and there is no funny business with accruals.
Meghna Petroleum (DHA:MPETROLEUM) 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, Meghna Petroleum has a Sloan Ratio of -3.45%, indicating the company is in the safe zone and there is no funny business with accruals.
Meghna Petroleum Sloan Ratio % Related Terms
Meghna Petroleum Sloan Ratio % Historical Data
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The historical data trend for Meghna Petroleum'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.
DHA:MPETROLEUM vs MPC, VLO, PSX: Sloan Ratio % Comparison
For the Oil & Gas Refining & Marketing subindustry, Meghna Petroleum'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.
Meghna Petroleum Sloan Ratio % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Meghna Petroleum's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Meghna Petroleum'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.
Meghna Petroleum's Sloan Ratio for the fiscal year that ended in Jun. 2025 is calculated as
Meghna Petroleum's Net Income for the trailing twelve months (TTM) ended in Mar. 2026 was 2524.849 (Jun. 2025 ) + 1545.896 (Sep. 2025 ) + 1548.519 (Dec. 2025 ) + 1397.83 (Mar. 2026 ) = BDT7,017 Mil.
Meghna Petroleum's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was -4311.602 (Jun. 2025 ) + 9074.92 (Sep. 2025 ) + 2852.502 (Dec. 2025 ) + 907.816 (Mar. 2026 ) = BDT8,524 Mil.
Meghna Petroleum's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2026 was -2845.199 (Jun. 2025 ) + 1361.155 (Sep. 2025 ) + 4788.965 (Dec. 2025 ) + -834.701 (Mar. 2026 ) = BDT2,470 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.
Meghna Petroleum (DHA:MPETROLEUM) has a Sloan Ratio % of -3.45% as of Mar. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Meghna Petroleum and its competitors.
Is Meghna Petroleum's Sloan Ratio % too high?
Meghna Petroleum's current Sloan Ratio % is -3.45%. Overall, Meghna Petroleum has a GF Score™ of 88/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Meghna Petroleum's Sloan Ratio % compare to MPC and VLO?
Meghna Petroleum's Sloan Ratio % of -3.45% can be compared against companies in the Oil & Gas 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 Oil & Gas company?
A good Sloan Ratio % depends on the Oil & Gas 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 Meghna Petroleum and its competitors. Meghna Petroleum's current Sloan Ratio % is -3.45%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Meghna Petroleum stock overvalued right now?
Based on GuruFocus' analysis, Meghna Petroleum (DHA:MPETROLEUM) is currently considered Modestly Overvalued. The stock's GF Value™ is BDT175.93, compared to a current price of BDT214.30 — trading 21.8% above its estimated fair value. The current Sloan Ratio % is -3.45%. Meghna Petroleum's overall GF Score™ is 88/100 with 8 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 Meghna Petroleum (DHA:MPETROLEUM), the current Sloan Ratio % is -3.45% 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 Meghna Petroleum (DHA:MPETROLEUM) Overvalued in 2026?
Based on GuruFocus' analysis, Meghna Petroleum stock appears to be overvalued.
The current stock price of BDT214.30 is trading 21.8% above its estimated GF Value™ of BDT175.93.
GuruFocus considers Meghna Petroleum to be Modestly Overvalued.
Key valuation signals for DHA:MPETROLEUM:
Sloan Ratio %: -3.45%
GF Value™: BDT175.93 vs. price of BDT214.30 (21.8% above fair value)
No single metric tells the full story. See the DHA:MPETROLEUM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Meghna Petroleum Ltd is engaged in the business of petroleum oil and related products. The company is involved in the procurement, storage, and marketing of petroleum products, lubricants, oil and grease, bitumen, liquefied petroleum gas, and battery water in Bangladesh. The business has two reportable segments. The Petroleum Products segment includes the company's earnings from the marketing of petroleum products, bitumen, and LPG. The Lubricating Oil & Grease Operations segment includes the company's income from the trading of lubricating oil and grease of BP and Castrol brands. The majority of revenue comes from the Petroleum Products segment.
88GF Score
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