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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.
PKO Bank Polski's Sloan Ratio for the quarter that ended in Mar. 2026 was 0.32%.
As of Mar. 2026, PKO Bank Polski has a Sloan Ratio of 0.32%, indicating the company is in the safe zone and there is no funny business with accruals.
PKO Bank Polski (FRA:P9O) 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, PKO Bank Polski has a Sloan Ratio of 0.32%, indicating the company is in the safe zone and there is no funny business with accruals.
PKO Bank Polski Sloan Ratio % Related Terms
PKO Bank Polski Sloan Ratio % Historical Data
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The historical data trend for PKO Bank Polski'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 Banks - Regional subindustry, PKO Bank Polski'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.
PKO Bank Polski Sloan Ratio % vs Banks Industry
For the Banks industry and Financial Services sector, PKO Bank Polski's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where PKO Bank Polski'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.
PKO Bank Polski's Sloan Ratio for the fiscal year that ended in Dec. 2025 is calculated as
PKO Bank Polski's Net Income for the trailing twelve months (TTM) ended in Mar. 2026 was 624.606 (Jun. 2025 ) + 665.918 (Sep. 2025 ) + 637.281 (Dec. 2025 ) + 591.979 (Mar. 2026 ) = €2,520 Mil.
PKO Bank Polski's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was 1497.786 (Jun. 2025 ) + 523.204 (Sep. 2025 ) + 1798.47 (Dec. 2025 ) + 603.011 (Mar. 2026 ) = €4,422 Mil.
PKO Bank Polski's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2026 was 791.261 (Jun. 2025 ) + -28.167 (Sep. 2025 ) + -2905.908 (Dec. 2025 ) + -207.498 (Mar. 2026 ) = €-2,350 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.
PKO Bank Polski (FRA:P9O) has a Sloan Ratio % of 0.32% as of Mar. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on PKO Bank Polski and its competitors.
Is PKO Bank Polski's Sloan Ratio % too high?
PKO Bank Polski's current Sloan Ratio % is 0.32%. Overall, PKO Bank Polski has a GF Score™ of 67/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does PKO Bank Polski's Sloan Ratio % compare to PNC?
PKO Bank Polski's Sloan Ratio % of 0.32% 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 PKO Bank Polski and its competitors. PKO Bank Polski's current Sloan Ratio % is 0.32%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PKO Bank Polski stock overvalued right now?
Based on GuruFocus' analysis, PKO Bank Polski (FRA:P9O) is currently considered Significantly Overvalued. The stock's GF Value™ is €15.68, compared to a current price of €25.15 — trading 60.4% above its estimated fair value. The current Sloan Ratio % is 0.32%. PKO Bank Polski's overall GF Score™ is 67/100 with 7 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 PKO Bank Polski (FRA:P9O), the current Sloan Ratio % is 0.32% 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 PKO Bank Polski (FRA:P9O) Overvalued in 2026?
Based on GuruFocus' analysis, PKO Bank Polski stock appears to be overvalued.
The current stock price of €25.15 is trading 60.4% above its estimated GF Value™ of €15.68.
GuruFocus considers PKO Bank Polski to be Significantly Overvalued.
Key valuation signals for FRA:P9O:
Sloan Ratio %: 0.32%
GF Value™: €15.68 vs. price of €25.15 (60.4% above fair value)
No single metric tells the full story. See the FRA:P9O stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PKO Bank Polski SA is a universal banking group operating predominantly in Poland. Its various products and service offerings include retail deposits, mortgage loans, consumer finance, corporate deposits, corporate loans, and asset management, among others. The majority of its net revenue is net interest income, overwhelmingly derived from customer loans. Along with its subsidiaries, the company operates in three main segments: Retail, Corporate and Investment, and Transfer Center and Other. Maximum revenue is generated from the Retail segment, which offers various services to individuals as part of retail, private, and mortgage banking, and to legal entities as part of corporate banking.
67GF Score
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