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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.
As of Mar. 2026, Chongqing Iron & Steel Co has a Sloan Ratio of -5.85%, indicating the company is in the safe zone and there is no funny business with accruals.
Chongqing Iron & Steel Co (FRA:CGP) 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, Chongqing Iron & Steel Co has a Sloan Ratio of -5.85%, indicating the company is in the safe zone and there is no funny business with accruals.
Chongqing Iron & Steel Co Sloan Ratio % Related Terms
Chongqing Iron & Steel Co 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.
FRA:CGP vs NUE, STLD, RS: Sloan Ratio % Comparison
For the Steel subindustry, Chongqing Iron & Steel Co'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.
Chongqing Iron & Steel Co Sloan Ratio % vs Steel Industry
For the Steel industry and Basic Materials sector, Chongqing Iron & Steel Co's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Chongqing Iron & Steel Co's Sloan Ratio % falls into.
Chongqing Iron & Steel Co 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.
Chongqing Iron & Steel Co's Sloan Ratio for the fiscal year that ended in Dec. 2025 is calculated as
Chongqing Iron & Steel Co's Net Income for the trailing twelve months (TTM) ended in Mar. 2026 was -1.642 (Jun. 2025 ) + -10.443 (Sep. 2025 ) + -303.554 (Dec. 2025 ) + -24.995 (Mar. 2026 ) = €-341 Mil.
Chongqing Iron & Steel Co's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was 56.959 (Jun. 2025 ) + 113.899 (Sep. 2025 ) + -22.29 (Dec. 2025 ) + -110.142 (Mar. 2026 ) = €38 Mil.
Chongqing Iron & Steel Co's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2026 was -96.544 (Jun. 2025 ) + -20.796 (Sep. 2025 ) + -32.401 (Dec. 2025 ) + 6.101 (Mar. 2026 ) = €-144 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.
Chongqing Iron & Steel Co (FRA:CGP) has a Sloan Ratio % of -5.85% as of Mar. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Chongqing Iron & Steel Co and its competitors.
Is Chongqing Iron & Steel Co's Sloan Ratio % too high?
Chongqing Iron & Steel Co's current Sloan Ratio % is -5.85%. Overall, Chongqing Iron & Steel Co has a GF Score™ of 31/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Chongqing Iron & Steel Co's Sloan Ratio % compare to NUE and STLD?
Chongqing Iron & Steel Co's Sloan Ratio % of -5.85% can be compared against companies in the Steel 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 Steel company?
A good Sloan Ratio % depends on the Steel 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 Chongqing Iron & Steel Co and its competitors. Chongqing Iron & Steel Co's current Sloan Ratio % is -5.85%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Chongqing Iron & Steel Co stock overvalued right now?
Based on GuruFocus' analysis, Chongqing Iron & Steel Co (FRA:CGP) is currently considered Significantly Overvalued. The stock's GF Value™ is €0.07, compared to a current price of €0.10 — trading 41.4% above its estimated fair value. The current Sloan Ratio % is -5.85%. Chongqing Iron & Steel Co's overall GF Score™ is 31/100 with 5 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 Chongqing Iron & Steel Co (FRA:CGP), the current Sloan Ratio % is -5.85% 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 Chongqing Iron & Steel Co (FRA:CGP) Overvalued in 2026?
Based on GuruFocus' analysis, Chongqing Iron & Steel Co stock appears to be overvalued.
The current stock price of €0.10 is trading 41.4% above its estimated GF Value™ of €0.07.
GuruFocus considers Chongqing Iron & Steel Co to be Significantly Overvalued.
Key valuation signals for FRA:CGP:
Sloan Ratio %: -5.85%
GF Value™: €0.07 vs. price of €0.10 (41.4% above fair value)
No single metric tells the full story. See the FRA:CGP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Chongqing Iron & Steel Co Ltd operates in the ferrous metal smelting and rolling processing industry within the manufacturing sector, and is principally engaged in the production and sale of hot rolled sheets, medium plates, steel billets, steel by-products, coke, coal chemical products, water granulated slag, and other products. Its products are widely used in railways, airports, bridges, tunnels, ships, high-rise buildings, and other fields. Additionally, the company is engaged in the sale or supply of energy media and ore trading, both of which are closely related to the steel manufacturing business. Geographically, it derives revenue mainly from the Chinese mainland, through sales of steel products.
31GF Score
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