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.
CEWE Stiftung KGaA's Sloan Ratio for the quarter that ended in Mar. 2026 was 0.00%.
As of Mar. 2026, CEWE Stiftung KGaA has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
CEWE Stiftung KGaA (FRA:CWC) 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, CEWE Stiftung KGaA has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
CEWE Stiftung KGaA Sloan Ratio % Related Terms
CEWE Stiftung KGaA Sloan Ratio % Historical Data
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The historical data trend for CEWE Stiftung KGaA'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:CWC vs ROL, SCI, HRB: Sloan Ratio % Comparison
For the Personal Services subindustry, CEWE Stiftung KGaA'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.
CEWE Stiftung KGaA Sloan Ratio % vs Personal Services Industry
For the Personal Services industry and Consumer Cyclical sector, CEWE Stiftung KGaA's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where CEWE Stiftung KGaA'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.
CEWE Stiftung KGaA's Sloan Ratio for the fiscal year that ended in Dec. 2025 is calculated as
CEWE Stiftung KGaA's Net Income for the trailing twelve months (TTM) ended in Mar. 2026 was -2.791 (Jun. 2025 ) + -0.483 (Sep. 2025 ) + 56.268 (Dec. 2025 ) + 5.618 (Mar. 2026 ) = €58.6 Mil.
CEWE Stiftung KGaA's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was 0 (Jun. 2025 ) + 0 (Sep. 2025 ) + 0 (Dec. 2025 ) + 0 (Mar. 2026 ) = €0.0 Mil.
CEWE Stiftung KGaA's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2026 was 0 (Jun. 2025 ) + 0 (Sep. 2025 ) + 0 (Dec. 2025 ) + 0 (Mar. 2026 ) = €0.0 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.
CEWE Stiftung KGaA (FRA:CWC) has a Sloan Ratio % of 0.00% as of Mar. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on CEWE Stiftung KGaA and its competitors.
Is CEWE Stiftung KGaA's Sloan Ratio % too high?
CEWE Stiftung KGaA's current Sloan Ratio % is 0.00%. Overall, CEWE Stiftung KGaA has a GF Score™ of 76/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does CEWE Stiftung KGaA's Sloan Ratio % compare to ROL and SCI?
CEWE Stiftung KGaA's Sloan Ratio % of 0.00% can be compared against companies in the Personal Services 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 Personal Services company?
A good Sloan Ratio % depends on the Personal Services 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 CEWE Stiftung KGaA and its competitors. CEWE Stiftung KGaA's current Sloan Ratio % is 0.00%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CEWE Stiftung KGaA stock overvalued right now?
Based on GuruFocus' analysis, CEWE Stiftung KGaA (FRA:CWC) is currently considered Significantly Undervalued. The stock's GF Value™ is €138.07, compared to a current price of €91.50 — trading 33.7% below its estimated fair value. The current Sloan Ratio % is 0.00%. CEWE Stiftung KGaA's overall GF Score™ is 76/100 with 3 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 CEWE Stiftung KGaA (FRA:CWC), the current Sloan Ratio % is 0.00% 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 CEWE Stiftung KGaA (FRA:CWC) Overvalued in 2026?
Based on GuruFocus' analysis, CEWE Stiftung KGaA stock appears to be undervalued.
The current stock price of €91.50 is trading 33.7% below its estimated GF Value™ of €138.07.
GuruFocus considers CEWE Stiftung KGaA to be Significantly Undervalued.
Key valuation signals for FRA:CWC:
Sloan Ratio %: 0.00%
GF Value™: €138.07 vs. price of €91.50 (33.7% below fair value)
No single metric tells the full story. See the FRA:CWC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
CEWE Stiftung & Co KGaA is a German-based company which provides photo service, photo retail business, and commercial online printing. The company operates a business through three segments through photofinishing, retail, and commercial online printing. Its Photofinishing segment works on the printing of photos of analogue or digital origin. Retail unit trades photo hardware and photo products to end consumers using various brands such as Fotojoker, Fotolab and Japan Photo, among others. The Online Printing unit operates through online printing portals, such as www.cewe-print.de and others. The company derives it's majority of the revenue from photofinishing activity in Germany.
76GF Score
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