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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.
KBC Ancora's Sloan Ratio for the quarter that ended in Dec. 2025 was 0.00%.
As of Dec. 2025, KBC Ancora has a Sloan Ratio of 0.00%, 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 Dec. 2025, KBC Ancora has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
KBC Ancora Sloan Ratio % Related Terms
KBC Ancora Sloan Ratio % Historical Data
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The historical data trend for KBC Ancora'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.
For the Asset Management subindustry, KBC Ancora'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.
KBC Ancora Sloan Ratio % vs Asset Management Industry
For the Asset Management industry and Financial Services sector, KBC Ancora's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where KBC Ancora'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.
KBC Ancora's Sloan Ratio for the fiscal year that ended in Jun. 2025 is calculated as
For company reported semi-annually, GuruFocus uses latest two semi-annual data as the TTM data.
KBC Ancora's Net Income for the trailing twelve months (TTM) ended in Dec. 2025 was 241.502 (Jun. 2025 ) + 74.358 (Dec. 2025 ) = €315.9 Mil.
KBC Ancora's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2025 was 0 (Jun. 2025 ) + 0 (Dec. 2025 ) = €0.0 Mil.
KBC Ancora's Cash Flow from Investing for the trailing twelve months (TTM) ended in Dec. 2025 was 0 (Jun. 2025 ) + 0 (Dec. 2025 ) = €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.
KBC Ancora (FRA:KB9) has a Sloan Ratio % of 0.00% as of Dec. 2025. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on KBC Ancora and its competitors.
Is KBC Ancora's Sloan Ratio % too high?
KBC Ancora's current Sloan Ratio % is 0.00%. Overall, KBC Ancora has a GF Score™ of 66/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does KBC Ancora's Sloan Ratio % compare to BLK and BX?
KBC Ancora's Sloan Ratio % of 0.00% can be compared against companies in the Asset Management 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 an Asset Management company?
A good Sloan Ratio % depends on the Asset Management 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 KBC Ancora and its competitors. KBC Ancora'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 KBC Ancora stock overvalued right now?
Based on GuruFocus' analysis, KBC Ancora (FRA:KB9) is currently considered Significantly Overvalued. The stock's GF Value™ is €56.87, compared to a current price of €86.60 — trading 52.3% above its estimated fair value. The current Sloan Ratio % is 0.00%. KBC Ancora's overall GF Score™ is 66/100 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 KBC Ancora (FRA:KB9), the current Sloan Ratio % is 0.00% as of Dec. 2025. 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 KBC Ancora (FRA:KB9) Overvalued in 2026?
Based on GuruFocus' analysis, KBC Ancora stock appears to be overvalued.
The current stock price of €86.60 is trading 52.3% above its estimated GF Value™ of €56.87.
GuruFocus considers KBC Ancora to be Significantly Overvalued.
Key valuation signals for FRA:KB9:
Sloan Ratio %: 0.00%
GF Value™: €56.87 vs. price of €86.60 (52.3% above fair value)
No single metric tells the full story. See the FRA:KB9 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
KBC Ancora SA is a financial services holding company whose sole asset is a substantial participating interest in KBC Group. Its operational activities are fairly limited. The group engages in retail banking, insurance, and asset management services, deriving the vast majority of its profits from activities in Belgium. Other profit-driving markets include the Czech Republic, Bulgaria, and Ireland. Revenue is reported through net interest income, insurance premiums, and fees and commissions, reflecting a diverse range of services.
66GF 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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