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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.
ACI Worldwide's Sloan Ratio for the quarter that ended in Jun. 2026 was -1.72%.
As of Jun. 2026, ACI Worldwide has a Sloan Ratio of -1.72%, 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 Jun. 2026, ACI Worldwide has a Sloan Ratio of -1.72%, indicating the company is in the safe zone and there is no funny business with accruals.
ACI Worldwide Sloan Ratio % Related Terms
ACI Worldwide Sloan Ratio % Historical Data
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The historical data trend for ACI Worldwide'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.
FRA:TSA vs PATH, DOX, WEX: Sloan Ratio % Comparison
For the Software - Infrastructure subindustry, ACI Worldwide'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.
ACI Worldwide Sloan Ratio % vs Software Industry
For the Software industry and Technology sector, ACI Worldwide's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where ACI Worldwide'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.
ACI Worldwide's Sloan Ratio for the fiscal year that ended in Dec. 2025 is calculated as
ACI Worldwide's Net Income for the trailing twelve months (TTM) ended in Jun. 2026 was 77.745 (Sep. 2025 ) + 54.943 (Dec. 2025 ) + 33.135 (Mar. 2026 ) + 27.601 (Jun. 2026 ) = €193 Mil.
ACI Worldwide's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 was 62.228 (Sep. 2025 ) + 103.996 (Dec. 2025 ) + 55.574 (Mar. 2026 ) + 61.445 (Jun. 2026 ) = €283 Mil.
ACI Worldwide's Cash Flow from Investing for the trailing twelve months (TTM) ended in Jun. 2026 was -8.439 (Sep. 2025 ) + -10.612 (Dec. 2025 ) + -12.552 (Mar. 2026 ) + -11.903 (Jun. 2026 ) = €-44 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.
ACI Worldwide (FRA:TSA) has a Sloan Ratio % of -1.72% as of Jun. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on ACI Worldwide and its competitors.
Is ACI Worldwide's Sloan Ratio % too high?
ACI Worldwide's current Sloan Ratio % is -1.72%. Overall, ACI Worldwide has a GF Score™ of 82/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does ACI Worldwide's Sloan Ratio % compare to PATH and DOX?
ACI Worldwide's Sloan Ratio % of -1.72% can be compared against companies in the Software 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 Software company?
A good Sloan Ratio % depends on the Software 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 ACI Worldwide and its competitors. ACI Worldwide's current Sloan Ratio % is -1.72%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ACI Worldwide stock overvalued right now?
Based on GuruFocus' analysis, ACI Worldwide (FRA:TSA) is currently considered Fairly Valued. The stock's GF Value™ is €43.99, compared to a current price of €44.60 — trading 1.4% above its estimated fair value. The current Sloan Ratio % is -1.72%. ACI Worldwide's overall GF Score™ is 82/100 with 2 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 ACI Worldwide (FRA:TSA), the current Sloan Ratio % is -1.72% 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 ACI Worldwide (FRA:TSA) Overvalued in 2026?
Based on GuruFocus' analysis, ACI Worldwide stock appears to be overvalued.
The current stock price of €44.60 is trading 1.4% above its estimated GF Value™ of €43.99.
GuruFocus considers ACI Worldwide to be Fairly Valued.
Key valuation signals for FRA:TSA:
Sloan Ratio %: -1.72%
GF Value™: €43.99 vs. price of €44.60 (1.4% above fair value)
No single metric tells the full story. See the FRA:TSA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
ACI Worldwide Inc develops, markets, and installs a portfolio of software products focused on facilitating electronic payments. The firm's products are sold and supported directly and through distribution networks covering three geographic regions - the Americas, EMEA, and Asia Pacific. ACI software products process payment transactions for retail banking clients, billers such as utilities and healthcare providers, and community banks and credit unions. ACI's customers are financial institutions all over the world, but the majority of the revenue is generated in the United States and EMEA regions. The company's operating segment includes Payment Software and Biller. The company generates the majority of its revenue from the Payment Software segment.
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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