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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.
When sloan ratio (29.64)% higher than 25% or lower than -25%, earnings are more likely to be made up of accruals.
As of Jun. 2026, Modern Times Group MTG AB has a Sloan Ratio of -2.83%, indicating the company is in the safe zone and there is no funny business with accruals.
Modern Times Group MTG AB (FRA:MRTA) 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, Modern Times Group MTG AB has a Sloan Ratio of -2.83%, indicating the company is in the safe zone and there is no funny business with accruals.
Modern Times Group MTG AB Sloan Ratio % Related Terms
Modern Times Group MTG AB 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:MRTA vs NTES, EA, TTWO: Sloan Ratio % Comparison
For the Electronic Gaming & Multimedia subindustry, Modern Times Group MTG AB'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.
Modern Times Group MTG AB Sloan Ratio % vs Interactive Media Industry
For the Interactive Media industry and Communication Services sector, Modern Times Group MTG AB's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Modern Times Group MTG AB's Sloan Ratio % falls into.
Modern Times Group MTG AB 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.
Modern Times Group MTG AB's Sloan Ratio for the fiscal year that ended in Dec. 2025 is calculated as
Modern Times Group MTG AB's Net Income for the trailing twelve months (TTM) ended in Jun. 2026 was 3.545 (Sep. 2025 ) + -9.649 (Dec. 2025 ) + 12.812 (Mar. 2026 ) + 9.031 (Jun. 2026 ) = €16 Mil.
Modern Times Group MTG AB's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 was 34.725 (Sep. 2025 ) + 77.189 (Dec. 2025 ) + 56.168 (Mar. 2026 ) + 42.964 (Jun. 2026 ) = €211 Mil.
Modern Times Group MTG AB's Cash Flow from Investing for the trailing twelve months (TTM) ended in Jun. 2026 was -22.18 (Sep. 2025 ) + -6.984 (Dec. 2025 ) + -65.916 (Mar. 2026 ) + -50.809 (Jun. 2026 ) = €-146 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.
Modern Times Group MTG AB (FRA:MRTA) has a Sloan Ratio % of -2.83% as of Jun. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Modern Times Group MTG AB and its competitors.
Is Modern Times Group MTG AB's Sloan Ratio % too high?
Modern Times Group MTG AB's current Sloan Ratio % is -2.83%. Overall, Modern Times Group MTG AB has a GF Score™ of 73/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Modern Times Group MTG AB's Sloan Ratio % compare to NTES and EA?
Modern Times Group MTG AB's Sloan Ratio % of -2.83% can be compared against companies in the Interactive Media 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 Interactive Media company?
A good Sloan Ratio % depends on the Interactive Media 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 Modern Times Group MTG AB and its competitors. Modern Times Group MTG AB's current Sloan Ratio % is -2.83%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Modern Times Group MTG AB stock overvalued right now?
Based on GuruFocus' analysis, Modern Times Group MTG AB (FRA:MRTA) is currently considered Modestly Undervalued. The stock's GF Value™ is €15.52, compared to a current price of €11.81 — trading 23.9% below its estimated fair value. The current Sloan Ratio % is -2.83%. Modern Times Group MTG AB's overall GF Score™ is 73/100 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 Modern Times Group MTG AB (FRA:MRTA), the current Sloan Ratio % is -2.83% 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.
Is Modern Times Group MTG AB (FRA:MRTA) Overvalued in 2026?
Based on GuruFocus' analysis, Modern Times Group MTG AB stock appears to be undervalued.
The current stock price of €11.81 is trading 23.9% below its estimated GF Value™ of €15.52.
GuruFocus considers Modern Times Group MTG AB to be Modestly Undervalued.
Key valuation signals for FRA:MRTA:
Sloan Ratio %: -2.83%
GF Value™: €15.52 vs. price of €11.81 (23.9% below fair value)
No single metric tells the full story. See the FRA:MRTA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Modern Times Group MTG AB owns and operates gaming companies and studios with popular IPs across a wide range of casual and mid-core genres. The company's portfolio covers a wide range of evergreen gaming franchises like RAID: Shadow Legends, Forge of Empires, Top Drives, and Bloons, as well as word games like CrossWord Jam and WordTrip. Its games generate revenues through in-app purchases, advertising, and from third-party distribution platforms. It operates in a single business segment.
73GF Score
Get the complete analysis for FRA:MRTA
Sloan Ratio % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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