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, Energix-Renewable Energies has a Sloan Ratio of 21.86%, indicating there is a warning stage of accrual build up.
Energix-Renewable Energies (OTCPK:ENREF) 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, Energix-Renewable Energies has a Sloan Ratio of 21.86%, indicating there is a warning stage of accrual build up.
Energix-Renewable Energies Sloan Ratio % Related Terms
Energix-Renewable Energies 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.
Energix-Renewable Energies Sloan Ratio % Competitor Comparison
For the Utilities - Renewable subindustry, Energix-Renewable Energies'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.
Energix-Renewable Energies Sloan Ratio % vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, Energix-Renewable Energies's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Energix-Renewable Energies's Sloan Ratio % falls into.
Energix-Renewable Energies 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.
Energix-Renewable Energies's Net Income for the trailing twelve months (TTM) ended in Mar. 2026 was 0.571 (Jun. 2025 ) + 39.578 (Sep. 2025 ) + 29.327 (Dec. 2025 ) + 83.484 (Mar. 2026 ) = $153.0 Mil.
Energix-Renewable Energies's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was 9.285 (Jun. 2025 ) + 17.354 (Sep. 2025 ) + 2.121 (Dec. 2025 ) + 17.426 (Mar. 2026 ) = $46.2 Mil.
Energix-Renewable Energies's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2026 was -241.569 (Jun. 2025 ) + -264.868 (Sep. 2025 ) + -157.917 (Dec. 2025 ) + -178.507 (Mar. 2026 ) = $-842.9 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.
Energix-Renewable Energies (ENREF) has a Sloan Ratio % of 21.86% as of Mar. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Energix-Renewable Energies and its competitors.
Is Energix-Renewable Energies' Sloan Ratio % too high?
Energix-Renewable Energies' current Sloan Ratio % is 21.86%. Overall, Energix-Renewable Energies has a GF Score™ of 66/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Energix-Renewable Energies' Sloan Ratio % compare to competitors?
Energix-Renewable Energies' Sloan Ratio % of 21.86% can be compared against companies in the Utilities - Independent Power Producers 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 - Independent Power Producers company?
A good Sloan Ratio % depends on the Utilities - Independent Power Producers 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 Energix-Renewable Energies and its competitors. Energix-Renewable Energies's current Sloan Ratio % is 21.86%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Energix-Renewable Energies stock overvalued right now?
Based on GuruFocus' analysis, Energix-Renewable Energies (ENREF) is currently considered Modestly Undervalued. The stock's GF Value™ is $11.29, compared to a current price of $8.09 — trading 28.3% below its estimated fair value. The current Sloan Ratio % is 21.86%. Energix-Renewable Energies' overall GF Score™ is 66/100 with 10 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 Energix-Renewable Energies (ENREF), the current Sloan Ratio % is 21.86% 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 Energix-Renewable Energies (ENREF) Overvalued in 2026?
Based on GuruFocus' analysis, Energix-Renewable Energies stock appears to be undervalued.
The current stock price of $8.09 is trading 28.3% below its estimated GF Value™ of $11.29.
GuruFocus considers Energix-Renewable Energies to be Modestly Undervalued.
Key valuation signals for ENREF:
Sloan Ratio %: 21.86%
GF Value™: $11.29 vs. price of $8.09 (28.3% below fair value)
No single metric tells the full story. See the ENREF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Energix-Renewable Energies Ltd is an Israel based renewable energy company engaged in the field of solar (photovoltaic) and wind energy. The group operates its activities in two reporting segments namely, the Photovoltaic segment, and the Wind segment. It develops, plans, and constructs projects for the production and sale of electricity using its photovoltaic solar systems under the Photovoltaic segment. The company also plans and constructs projects for the production and sale of electricity by using wind energy. Its Wind energy segment projects are located in Israel and Poland. The group generates the majority of its revenue from the Wind segment.
66GF Score
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