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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.
Firefly AB's Sloan Ratio for the quarter that ended in Jun. 2026 was 4.24%.
As of Jun. 2026, Firefly AB has a Sloan Ratio of 4.24%, indicating the company is in the safe zone and there is no funny business with accruals.
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, Firefly AB has a Sloan Ratio of 4.24%, indicating the company is in the safe zone and there is no funny business with accruals.
Firefly AB Sloan Ratio % Related Terms
Firefly AB Sloan Ratio % Historical Data
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The historical data trend for Firefly AB'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:A63 vs TT, JCI, CARR: Sloan Ratio % Comparison
For the Building Products & Equipment subindustry, Firefly AB'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.
Firefly AB Sloan Ratio % vs Construction Industry
For the Construction industry and Industrials sector, Firefly AB's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Firefly AB'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.
Firefly AB's Sloan Ratio for the fiscal year that ended in Dec. 2025 is calculated as
Firefly AB's Net Income for the trailing twelve months (TTM) ended in Jun. 2026 was 1.679 (Sep. 2025 ) + 1.635 (Dec. 2025 ) + 0.798 (Mar. 2026 ) + 0.881 (Jun. 2026 ) = €4.99 Mil.
Firefly AB's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 was 1.005 (Sep. 2025 ) + 1.643 (Dec. 2025 ) + 1.454 (Mar. 2026 ) + 0.078 (Jun. 2026 ) = €4.18 Mil.
Firefly AB's Cash Flow from Investing for the trailing twelve months (TTM) ended in Jun. 2026 was -0.064 (Sep. 2025 ) + -0.071 (Dec. 2025 ) + -0.038 (Mar. 2026 ) + -0.052 (Jun. 2026 ) = €-0.23 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.
Firefly AB (FRA:A63) has a Sloan Ratio % of 4.24% as of Jun. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Firefly AB and its competitors.
Is Firefly AB's Sloan Ratio % too high?
Firefly AB's current Sloan Ratio % is 4.24%. Overall, Firefly AB has a GF Score™ of 88/100, reflecting its overall financial health beyond just this single metric.
How does Firefly AB's Sloan Ratio % compare to TT and JCI?
Firefly AB's Sloan Ratio % of 4.24% can be compared against companies in the Construction 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 Construction company?
A good Sloan Ratio % depends on the Construction 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 Firefly AB and its competitors. Firefly AB's current Sloan Ratio % is 4.24%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Firefly AB stock overvalued right now?
Firefly AB (FRA:A63) has a current Sloan Ratio % of 4.24%. The stock's GF Value™ is €16.51, compared to a current price of €13.55 — trading 17.9% below its estimated fair value. The current Sloan Ratio % is 4.24%. Firefly AB's overall GF Score™ is 88/100. 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 Firefly AB (FRA:A63), the current Sloan Ratio % is 4.24% 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 Firefly AB (FRA:A63) Overvalued in 2026?
Based on GuruFocus' analysis, Firefly AB stock appears to be undervalued.
The current stock price of €13.55 is trading 17.9% below its estimated GF Value™ of €16.51.
Key valuation signals for FRA:A63:
Sloan Ratio %: 4.24%
GF Value™: €16.51 vs. price of €13.55 (17.9% below fair value)
No single metric tells the full story. See the FRA:A63 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Firefly AB is a supplier of spark detection, fire and dust explosion protection systems in Sweden. The company develops, manufactures and sells high-tech systems, which detect and minimise the risk of fires and dust explosions. It has two business areas: Industrial applications and Infra systems. Industrial applications include customized fire prevention systems, which monitor industrial processes in areas such as tissue, food, woodworking, bioenergy, and recycling. The business area of Infra systems includes early fire detection in subway-, train-, road or cable tunnel systems by means of multiple-gas detection.
88GF Score
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Sloan Ratio % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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