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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, Industrial And Commercial Bank Of China has a Sloan Ratio of 0.66%, indicating the company is in the safe zone and there is no funny business with accruals.
Industrial And Commercial Bank Of China (FRA:ICK) 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, Industrial And Commercial Bank Of China has a Sloan Ratio of 0.66%, indicating the company is in the safe zone and there is no funny business with accruals.
Industrial And Commercial Bank Of China Sloan Ratio % Related Terms
Industrial And Commercial Bank Of China 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.
Industrial And Commercial Bank Of China Sloan Ratio % Chart
Industrial And Commercial Bank Of China Annual Data
FRA:ICK vs JPM, BAC, WFC: Sloan Ratio % Comparison
For the Banks - Diversified subindustry, Industrial And Commercial Bank Of China'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.
Industrial And Commercial Bank Of China Sloan Ratio % vs Banks Industry
Industrial And Commercial Bank Of China 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.
Industrial And Commercial Bank Of China's Net Income for the trailing twelve months (TTM) ended in Mar. 2026 was 10136.211 (Jun. 2025 ) + 12176.298 (Sep. 2025 ) + 11961.966 (Dec. 2025 ) + 10911.618 (Mar. 2026 ) = €45,186 Mil.
Industrial And Commercial Bank Of China's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was -18855.837 (Jun. 2025 ) + 91244.793 (Sep. 2025 ) + 41385.995 (Dec. 2025 ) + 177751.156 (Mar. 2026 ) = €291,526 Mil.
Industrial And Commercial Bank Of China's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2026 was -45899.901 (Jun. 2025 ) + -95759.25 (Sep. 2025 ) + -53262.842 (Dec. 2025 ) + -97453.412 (Mar. 2026 ) = €-292,375 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.
Industrial And Commercial Bank Of China (FRA:ICK) has a Sloan Ratio % of 0.66% as of Mar. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Industrial And Commercial Bank Of China and its competitors.
Is Industrial And Commercial Bank Of China's Sloan Ratio % too high?
Industrial And Commercial Bank Of China's current Sloan Ratio % is 0.66%. Overall, Industrial And Commercial Bank Of China has a GF Score™ of 41/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Industrial And Commercial Bank Of China's Sloan Ratio % compare to JPM and BAC?
Industrial And Commercial Bank Of China's Sloan Ratio % of 0.66% can be compared against companies in the Banks 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 Banks company?
A good Sloan Ratio % depends on the Banks 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 Industrial And Commercial Bank Of China and its competitors. Industrial And Commercial Bank Of China's current Sloan Ratio % is 0.66%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Industrial And Commercial Bank Of China stock overvalued right now?
Based on GuruFocus' analysis, Industrial And Commercial Bank Of China (FRA:ICK) is currently considered Modestly Overvalued. The stock's GF Value™ is €0.69, compared to a current price of €0.79 — trading 15.1% above its estimated fair value. The current Sloan Ratio % is 0.66%. Industrial And Commercial Bank Of China's overall GF Score™ is 41/100 with 8 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 Industrial And Commercial Bank Of China (FRA:ICK), the current Sloan Ratio % is 0.66% 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 Industrial And Commercial Bank Of China (FRA:ICK) Overvalued in 2026?
Based on GuruFocus' analysis, Industrial And Commercial Bank Of China stock appears to be overvalued.
The current stock price of €0.79 is trading 15.1% above its estimated GF Value™ of €0.69.
GuruFocus considers Industrial And Commercial Bank Of China to be Modestly Overvalued.
Key valuation signals for FRA:ICK:
Sloan Ratio %: 0.66%
GF Value™: €0.69 vs. price of €0.79 (15.1% above fair value)
No single metric tells the full story. See the FRA:ICK stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Industrial And Commercial Bank Of China Business Description
Industrial and Commercial Bank of China was founded in 1984 and is headquartered in Beijing. The bank listed its shares in mainland China and Hong Kong in 2006. It is China's largest by asset scale and by share of lending and deposits. Central Huijin Investment (China's sovereign wealth fund manager) and China's Ministry of Finance are ICBC's two largest shareholders, each with a stake of around 35%. ICBC operates over 15,000 outlets. Of these, 413 outlets are in 49 countries and regions overseas. Corporate banking, retail banking, and wholesale banking accounted for 49%, 39%, and 11% of total revenue, respectively, and 49%, 33%, and 17% of profit before tax in 2025. Overseas banking and other business contributed 14% of total revenue and 9% of profit before tax in 2025.
41GF 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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