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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.
Klaveness Combination Carriers ASA (FRA:36K) 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 Jun. 2026, Klaveness Combination Carriers ASA has a Sloan Ratio of 11.08%, indicating there is a warning stage of accrual build up.
Klaveness Combination Carriers ASA Sloan Ratio % Related Terms
Klaveness Combination Carriers ASA 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.
Klaveness Combination Carriers ASA Sloan Ratio % Chart
Klaveness Combination Carriers ASA Sloan Ratio % Competitor Comparison
For the Marine Shipping subindustry, Klaveness Combination Carriers ASA'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.
Klaveness Combination Carriers ASA Sloan Ratio % vs Transportation Industry
For the Transportation industry and Industrials sector, Klaveness Combination Carriers ASA's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Klaveness Combination Carriers ASA's Sloan Ratio % falls into.
Klaveness Combination Carriers ASA 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.
Klaveness Combination Carriers ASA's Net Income for the trailing twelve months (TTM) ended in Jun. 2026 was 10.245 (Sep. 2025 ) + 8.848 (Dec. 2025 ) + 13.491 (Mar. 2026 ) + 18.012 (Jun. 2026 ) = €50.6 Mil.
Klaveness Combination Carriers ASA's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 was 24.148 (Sep. 2025 ) + 18.77 (Dec. 2025 ) + 18.888 (Mar. 2026 ) + 33.713 (Jun. 2026 ) = €95.5 Mil.
Klaveness Combination Carriers ASA's Cash Flow from Investing for the trailing twelve months (TTM) ended in Jun. 2026 was -16.422 (Sep. 2025 ) + -23.39 (Dec. 2025 ) + -33.494 (Mar. 2026 ) + -44.614 (Jun. 2026 ) = €-117.9 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.
Klaveness Combination Carriers ASA (FRA:36K) has a Sloan Ratio % of 11.08% as of Jun. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Klaveness Combination Carriers ASA and its competitors.
Is Klaveness Combination Carriers ASA's Sloan Ratio % too high?
Klaveness Combination Carriers ASA's current Sloan Ratio % is 11.08%. Overall, Klaveness Combination Carriers ASA has a GF Score™ of 71/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Klaveness Combination Carriers ASA's Sloan Ratio % compare to competitors?
Klaveness Combination Carriers ASA's Sloan Ratio % of 11.08% can be compared against companies in the Transportation 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 Transportation company?
A good Sloan Ratio % depends on the Transportation 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 Klaveness Combination Carriers ASA and its competitors. Klaveness Combination Carriers ASA's current Sloan Ratio % is 11.08%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Klaveness Combination Carriers ASA stock overvalued right now?
Based on GuruFocus' analysis, Klaveness Combination Carriers ASA (FRA:36K) is currently considered Modestly Overvalued. The stock's GF Value™ is €7.60, compared to a current price of €9.81 — trading 29.1% above its estimated fair value. The current Sloan Ratio % is 11.08%. Klaveness Combination Carriers ASA's overall GF Score™ is 71/100 with 7 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 Klaveness Combination Carriers ASA (FRA:36K), the current Sloan Ratio % is 11.08% as of Jun. 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 Klaveness Combination Carriers ASA (FRA:36K) Overvalued in 2026?
Based on GuruFocus' analysis, Klaveness Combination Carriers ASA stock appears to be overvalued.
The current stock price of €9.81 is trading 29.1% above its estimated GF Value™ of €7.60.
GuruFocus considers Klaveness Combination Carriers ASA to be Modestly Overvalued.
Key valuation signals for FRA:36K:
Sloan Ratio %: 11.08%
GF Value™: €7.60 vs. price of €9.81 (29.1% above fair value)
No single metric tells the full story. See the FRA:36K stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Klaveness Combination Carriers ASA is an owner and operator of combination carrier vessels designed to transport both wet and dry bulk cargo in Norway. The company provides maritime transportation services and operates vessels across trade routes where dry and liquid cargoes can be carried efficiently within the same shipping cycle. Its fleet includes CABU and CLEANBU vessels used in bulk shipping operations. The reportable segments are CABU and CLEANBU, with the majority of the revenue derived from the CABU vessels.
71GF Score
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