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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 Dec. 2025, PICC Property and Casualty Co has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
PICC Property and Casualty Co (FRA:PJC) 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 Dec. 2025, PICC Property and Casualty Co has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
PICC Property and Casualty Co Sloan Ratio % Related Terms
PICC Property and Casualty Co 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.
For the Insurance - Property & Casualty subindustry, PICC Property and Casualty Co'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.
PICC Property and Casualty Co Sloan Ratio % vs Insurance Industry
For the Insurance industry and Financial Services sector, PICC Property and Casualty Co's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where PICC Property and Casualty Co's Sloan Ratio % falls into.
PICC Property and Casualty Co 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.
PICC Property and Casualty Co's Net Income for the trailing twelve months (TTM) ended in Dec. 2025 was 711.28 (Dec. 2024 ) + 0 (Jun. 2025 ) + 1891.389 (Sep. 2025 ) + 12.399 (Dec. 2025 ) = €2,615 Mil.
PICC Property and Casualty Co's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2025 was 0 (Dec. 2024 ) + 0 (Jun. 2025 ) + 0 (Sep. 2025 ) + 0 (Dec. 2025 ) = €0 Mil.
PICC Property and Casualty Co's Cash Flow from Investing for the trailing twelve months (TTM) ended in Dec. 2025 was -1708.66 (Dec. 2024 ) + 0 (Jun. 2025 ) + -1441.34 (Sep. 2025 ) + -2353.748 (Dec. 2025 ) = €-5,504 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.
PICC Property and Casualty Co (FRA:PJC) 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 PICC Property and Casualty Co and its competitors.
Is PICC Property and Casualty Co's Sloan Ratio % too high?
PICC Property and Casualty Co's current Sloan Ratio % is 0.00%. Overall, PICC Property and Casualty Co has a GF Score™ of 82/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does PICC Property and Casualty Co's Sloan Ratio % compare to CB and PGR?
PICC Property and Casualty Co's Sloan Ratio % of 0.00% can be compared against companies in the Insurance 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 Insurance company?
A good Sloan Ratio % depends on the Insurance 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 PICC Property and Casualty Co and its competitors. PICC Property and Casualty Co'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 PICC Property and Casualty Co stock overvalued right now?
Based on GuruFocus' analysis, PICC Property and Casualty Co (FRA:PJC) is currently considered Modestly Overvalued. The stock's GF Value™ is €1.43, compared to a current price of €1.62 — trading 13.1% above its estimated fair value. The current Sloan Ratio % is 0.00%. PICC Property and Casualty Co's overall GF Score™ is 82/100 with 1 warning sign 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 PICC Property and Casualty Co (FRA:PJC), 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 PICC Property and Casualty Co (FRA:PJC) Overvalued in 2026?
Based on GuruFocus' analysis, PICC Property and Casualty Co stock appears to be overvalued.
The current stock price of €1.62 is trading 13.1% above its estimated GF Value™ of €1.43.
GuruFocus considers PICC Property and Casualty Co to be Modestly Overvalued.
Key valuation signals for FRA:PJC:
Sloan Ratio %: 0.00%
GF Value™: €1.43 vs. price of €1.62 (13.1% above fair value)
No single metric tells the full story. See the FRA:PJC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PICC Property and Casualty Co Business Description
PICC P&C is headquartered in Beijing. The company is China's largest nonlife insurer, commanding nearly 33% domestic market share. Founded by the People's Bank of China in 1949, PICC P&C operates as the flagship subsidiary of PICC Group—a state-owned insurance holding company that retains a 69% equity stake. The company underwrites a comprehensive suite of nonlife insurance products spanning auto, commercial property, liability, credit and surety, accident and health, energy and aerospace, and agricultural lines.
82GF 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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