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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.
Currency Exchange International (FRA:8YN) 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 Apr. 2026, Currency Exchange International has a Sloan Ratio of -13.97%, indicating there is a warning stage of accrual build up.
Currency Exchange International Sloan Ratio % Related Terms
Currency Exchange International 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.
Currency Exchange International Sloan Ratio % Chart
FRA:8YN vs BMHL, WTF, NAKA: Sloan Ratio % Comparison
For the Capital Markets subindustry, Currency Exchange International'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.
Currency Exchange International Sloan Ratio % vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Currency Exchange International's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Currency Exchange International's Sloan Ratio % falls into.
Currency Exchange International 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.
Currency Exchange International's Net Income for the trailing twelve months (TTM) ended in Apr. 2026 was 3.638 (Jul. 2025 ) + 2.816 (Oct. 2025 ) + 1.299 (Jan. 2026 ) + -3.57 (Apr. 2026 ) = €4.18 Mil.
Currency Exchange International's Cash Flow from Operations for the trailing twelve months (TTM) ended in Apr. 2026 was 7.636 (Jul. 2025 ) + 3.095 (Oct. 2025 ) + 1.05 (Jan. 2026 ) + 8.936 (Apr. 2026 ) = €20.72 Mil.
Currency Exchange International's Cash Flow from Investing for the trailing twelve months (TTM) ended in Apr. 2026 was -0.495 (Jul. 2025 ) + -0.279 (Oct. 2025 ) + -0.183 (Jan. 2026 ) + -0.002 (Apr. 2026 ) = €-0.96 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.
Currency Exchange International (FRA:8YN) has a Sloan Ratio % of -13.97% as of Apr. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Currency Exchange International and its competitors.
Is Currency Exchange International's Sloan Ratio % too high?
Currency Exchange International's current Sloan Ratio % is -13.97%. Overall, Currency Exchange International has a GF Score™ of 78/100, reflecting its overall financial health beyond just this single metric.
How does Currency Exchange International's Sloan Ratio % compare to BMHL and WTF?
Currency Exchange International's Sloan Ratio % of -13.97% can be compared against companies in the Capital Markets 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 Capital Markets company?
A good Sloan Ratio % depends on the Capital Markets 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 Currency Exchange International and its competitors. Currency Exchange International's current Sloan Ratio % is -13.97%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Currency Exchange International stock overvalued right now?
Currency Exchange International (FRA:8YN) has a current Sloan Ratio % of -13.97%. The stock's GF Value™ is €15.60, compared to a current price of €17.80 — trading 14.1% above its estimated fair value. The current Sloan Ratio % is -13.97%. Currency Exchange International's overall GF Score™ is 78/100 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 Currency Exchange International (FRA:8YN), the current Sloan Ratio % is -13.97% as of Apr. 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 Currency Exchange International (FRA:8YN) Overvalued in 2026?
Based on GuruFocus' analysis, Currency Exchange International stock appears to be overvalued.
The current stock price of €17.80 is trading 14.1% above its estimated GF Value™ of €15.60.
Key valuation signals for FRA:8YN:
Sloan Ratio %: -13.97%
GF Value™: €15.60 vs. price of €17.80 (14.1% above fair value)
No single metric tells the full story. See the FRA:8YN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Currency Exchange International Corp operates as a money services and payments business, providing currency exchange, wire transfer, and cheque-cashing services at its locations in the United States. The Company has determined that it has three operating segments within its continuing operations: CXI Wholesale Banknotes, CXI Payments, and CXI Direct-to-Consumer. The Company earns maximum revenue from wholesale banknotes.
78GF Score
Get the complete analysis for FRA:8YN
Sloan Ratio % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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