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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.
Turnium Technology Group (FRA:E48) 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 Jun. 2026, Turnium Technology Group has a Sloan Ratio of -52.97%, indicating earnings are more likely to be made up of accruals.
Turnium Technology Group Sloan Ratio % Related Terms
Turnium Technology Group 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:E48 vs MSFT, PLTR, ORCL: Sloan Ratio % Comparison
For the Software - Infrastructure subindustry, Turnium Technology Group'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.
Turnium Technology Group Sloan Ratio % vs Software Industry
For the Software industry and Technology sector, Turnium Technology Group's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Turnium Technology Group's Sloan Ratio % falls into.
Turnium Technology Group 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.
Turnium Technology Group's Sloan Ratio for the fiscal year that ended in Sep. 2025 is calculated as
Turnium Technology Group's Net Income for the trailing twelve months (TTM) ended in Jun. 2026 was -4.622 (Sep. 2025 ) + -1.836 (Dec. 2025 ) + -1.654 (Mar. 2026 ) + -1.231 (Jun. 2026 ) = €-9.34 Mil.
Turnium Technology Group's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 was -0.45 (Sep. 2025 ) + -0.553 (Dec. 2025 ) + -0.91 (Mar. 2026 ) + -0.483 (Jun. 2026 ) = €-2.40 Mil.
Turnium Technology Group's Cash Flow from Investing for the trailing twelve months (TTM) ended in Jun. 2026 was -0.135 (Sep. 2025 ) + -0.02 (Dec. 2025 ) + -0.651 (Mar. 2026 ) + -0.025 (Jun. 2026 ) = €-0.83 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.
Turnium Technology Group (FRA:E48) has a Sloan Ratio % of -52.97% as of Jun. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Turnium Technology Group and its competitors.
Is Turnium Technology Group's Sloan Ratio % too high?
Turnium Technology Group's current Sloan Ratio % is -52.97%.
How does Turnium Technology Group's Sloan Ratio % compare to MSFT and PLTR?
Turnium Technology Group's Sloan Ratio % of -52.97% can be compared against companies in the Software 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 Software company?
A good Sloan Ratio % depends on the Software 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 Turnium Technology Group and its competitors. Turnium Technology Group's current Sloan Ratio % is -52.97%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Turnium Technology Group stock overvalued right now?
Based on GuruFocus' analysis, Turnium Technology Group (FRA:E48) is currently considered Possible Value Trap. The stock's GF Value™ is €0.08, compared to a current price of €0.02 — trading 73.5% below its estimated fair value. The current Sloan Ratio % is -52.97%. 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 Turnium Technology Group (FRA:E48), the current Sloan Ratio % is -52.97% 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.
Turnium Technology Group Inc invests in companies that are creating software-defined networks for service providers, enterprises, and small-medium business. The company deliver its software-defined wide area networking solution as a white label, containerized, disaggregated software platform that channel partners host, manage, brand, and price and as a managed cloud-native service. The Company's operations consist of two operating and reportable segments being Tenacious Networks Inc and Turnium Network Solutions Inc.
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