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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.
MingYang Smart Energy Group (FRA:RW20) 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, MingYang Smart Energy Group has a Sloan Ratio of 10.32%, indicating there is a warning stage of accrual build up.
MingYang Smart Energy Group Sloan Ratio % Related Terms
MingYang Smart Energy Group 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:RW20 vs GEV, ETN, PH: Sloan Ratio % Comparison
For the Specialty Industrial Machinery subindustry, MingYang Smart Energy Group'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.
MingYang Smart Energy Group Sloan Ratio % vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, MingYang Smart Energy Group's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where MingYang Smart Energy Group's Sloan Ratio % falls into.
MingYang Smart Energy Group 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.
MingYang Smart Energy Group's Net Income for the trailing twelve months (TTM) ended in Mar. 2026 was 37.173 (Jun. 2025 ) + 18.638 (Sep. 2025 ) + -12.838 (Dec. 2025 ) + 3.095 (Mar. 2026 ) = €46 Mil.
MingYang Smart Energy Group's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was -159.998 (Jun. 2025 ) + -170.147 (Sep. 2025 ) + -74.216 (Dec. 2025 ) + -490.753 (Mar. 2026 ) = €-895 Mil.
MingYang Smart Energy Group's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2026 was -247.177 (Jun. 2025 ) + 90.445 (Sep. 2025 ) + 101.649 (Dec. 2025 ) + -269.534 (Mar. 2026 ) = €-325 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.
MingYang Smart Energy Group (FRA:RW20) has a Sloan Ratio % of 10.32% as of Mar. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on MingYang Smart Energy Group and its competitors.
Is MingYang Smart Energy Group's Sloan Ratio % too high?
MingYang Smart Energy Group's current Sloan Ratio % is 10.32%. Overall, MingYang Smart Energy Group has a GF Score™ of 68/100, reflecting its overall financial health beyond just this single metric.
How does MingYang Smart Energy Group's Sloan Ratio % compare to GEV and ETN?
MingYang Smart Energy Group's Sloan Ratio % of 10.32% can be compared against companies in the Industrial Products 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 Industrial Products company?
A good Sloan Ratio % depends on the Industrial Products 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 MingYang Smart Energy Group and its competitors. MingYang Smart Energy Group's current Sloan Ratio % is 10.32%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MingYang Smart Energy Group stock overvalued right now?
MingYang Smart Energy Group (FRA:RW20) has a current Sloan Ratio % of 10.32%. The stock's GF Value™ is €9.91, compared to a current price of €6.25 — trading 36.9% below its estimated fair value. The current Sloan Ratio % is 10.32%. MingYang Smart Energy Group's overall GF Score™ is 68/100 with 10 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 MingYang Smart Energy Group (FRA:RW20), the current Sloan Ratio % is 10.32% 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 MingYang Smart Energy Group (FRA:RW20) Overvalued in 2026?
Based on GuruFocus' analysis, MingYang Smart Energy Group stock appears to be undervalued.
The current stock price of €6.25 is trading 36.9% below its estimated GF Value™ of €9.91.
Key valuation signals for FRA:RW20:
Sloan Ratio %: 10.32%
GF Value™: €9.91 vs. price of €6.25 (36.9% below fair value)
No single metric tells the full story. See the FRA:RW20 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
MingYang Smart Energy Group Ltd is a wind turbine manufacturer that provides accessible green and smart energy and a full lifecycle renewable solutions provider. The Group's business is divided into segments namely High-end energy equipment manufacturing sector, wind turbine equipment manufacturing and sales, Operation and maintenance services and photovoltaic products manufacturing and sales; and Energy products and services sector includes construction, management, and operation of energy investment projects, power demand side management, energy efficiency management.
68GF Score
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