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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.
Clean Teq Water's Sloan Ratio for the quarter that ended in Dec. 2025 was -5.81%.
As of Dec. 2025, Clean Teq Water has a Sloan Ratio of -5.81%, indicating the company is in the safe zone and there is no funny business with accruals.
Clean Teq Water (FRA:9NK) 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 Dec. 2025, Clean Teq Water has a Sloan Ratio of -5.81%, indicating the company is in the safe zone and there is no funny business with accruals.
Clean Teq Water Sloan Ratio % Related Terms
Clean Teq Water Sloan Ratio % Historical Data
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The historical data trend for Clean Teq Water'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.
FRA:9NK vs AWK, WTRG, AWR: Sloan Ratio % Comparison
For the Utilities - Regulated Water subindustry, Clean Teq Water'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.
Clean Teq Water Sloan Ratio % vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Clean Teq Water's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Clean Teq Water'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.
Clean Teq Water's Sloan Ratio for the fiscal year that ended in Jun. 2025 is calculated as
For company reported semi-annually, GuruFocus uses latest two semi-annual data as the TTM data.
Clean Teq Water's Net Income for the trailing twelve months (TTM) ended in Dec. 2025 was -0.378 (Jun. 2025 ) + -0.153 (Dec. 2025 ) = €-0.53 Mil.
Clean Teq Water's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2025 was 0.098 (Jun. 2025 ) + -0.679 (Dec. 2025 ) = €-0.58 Mil.
Clean Teq Water's Cash Flow from Investing for the trailing twelve months (TTM) ended in Dec. 2025 was 0.138 (Jun. 2025 ) + 0.47 (Dec. 2025 ) = €0.61 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.
Clean Teq Water (FRA:9NK) has a Sloan Ratio % of -5.81% as of Dec. 2025. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Clean Teq Water and its competitors.
Is Clean Teq Water's Sloan Ratio % too high?
Clean Teq Water's current Sloan Ratio % is -5.81%. Overall, Clean Teq Water has a GF Score™ of 20/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Clean Teq Water's Sloan Ratio % compare to AWK and WTRG?
Clean Teq Water's Sloan Ratio % of -5.81% can be compared against companies in the Utilities - Regulated 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 - Regulated company?
A good Sloan Ratio % depends on the Utilities - Regulated 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 Clean Teq Water and its competitors. Clean Teq Water's current Sloan Ratio % is -5.81%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Clean Teq Water stock overvalued right now?
Based on GuruFocus' analysis, Clean Teq Water (FRA:9NK) is currently considered Significantly Overvalued. The stock's GF Value™ is €0.22, compared to a current price of €0.43 — trading 95.5% above its estimated fair value. The current Sloan Ratio % is -5.81%. Clean Teq Water's overall GF Score™ is 20/100 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 Clean Teq Water (FRA:9NK), the current Sloan Ratio % is -5.81% as of Dec. 2025. 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 Clean Teq Water (FRA:9NK) Overvalued in 2026?
Based on GuruFocus' analysis, Clean Teq Water stock appears to be overvalued.
The current stock price of €0.43 is trading 95.5% above its estimated GF Value™ of €0.22.
GuruFocus considers Clean Teq Water to be Significantly Overvalued.
Key valuation signals for FRA:9NK:
Sloan Ratio %: -5.81%
GF Value™: €0.22 vs. price of €0.43 (95.5% above fair value)
No single metric tells the full story. See the FRA:9NK stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Clean Teq Water Ltd provides inventive metals recovery and water treatment solutions for governments and companies. Its technology solutions include desalination, nutrient removal, zero liquid discharge and hardness removal. It focuses on sectors such as municipal wastewater, surface water, industrial wastewater and mining process water. The company has offices and laboratories in Melbourne, Perth, Beijing and Tianjin, and partner offices in Africa and Latin America.
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