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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, TAG Colonia-Immobilien AG has a Sloan Ratio of 2.48%, indicating the company is in the safe zone and there is no funny business with accruals.
TAG Colonia-Immobilien AG (HAM:KBU) 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, TAG Colonia-Immobilien AG has a Sloan Ratio of 2.48%, indicating the company is in the safe zone and there is no funny business with accruals.
TAG Colonia-Immobilien AG Sloan Ratio % Related Terms
TAG Colonia-Immobilien AG 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.
TAG Colonia-Immobilien AG Sloan Ratio % Competitor Comparison
For the Real Estate - Development subindustry, TAG Colonia-Immobilien AG'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.
TAG Colonia-Immobilien AG Sloan Ratio % vs Real Estate Industry
For the Real Estate industry and Real Estate sector, TAG Colonia-Immobilien AG's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where TAG Colonia-Immobilien AG's Sloan Ratio % falls into.
TAG Colonia-Immobilien AG 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.
TAG Colonia-Immobilien AG's Sloan Ratio for the fiscal year that ended in Dec. 2025 is calculated as
* 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.
TAG Colonia-Immobilien AG (HAM:KBU) has a Sloan Ratio % of 2.48% as of Dec. 2025. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on TAG Colonia-Immobilien AG and its competitors.
Is TAG Colonia-Immobilien AG's Sloan Ratio % too high?
TAG Colonia-Immobilien AG's current Sloan Ratio % is 2.48%. Overall, TAG Colonia-Immobilien AG has a GF Score™ of 58/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does TAG Colonia-Immobilien AG's Sloan Ratio % compare to competitors?
TAG Colonia-Immobilien AG's Sloan Ratio % of 2.48% can be compared against companies in the Real Estate 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 Real Estate company?
A good Sloan Ratio % depends on the Real Estate 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 TAG Colonia-Immobilien AG and its competitors. TAG Colonia-Immobilien AG's current Sloan Ratio % is 2.48%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TAG Colonia-Immobilien AG stock overvalued right now?
Based on GuruFocus' analysis, TAG Colonia-Immobilien AG (HAM:KBU) is currently considered Modestly Overvalued. The stock's GF Value™ is €4.87, compared to a current price of €5.70 — trading 17% above its estimated fair value. The current Sloan Ratio % is 2.48%. TAG Colonia-Immobilien AG's overall GF Score™ is 58/100 with 8 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 TAG Colonia-Immobilien AG (HAM:KBU), the current Sloan Ratio % is 2.48% 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 TAG Colonia-Immobilien AG (HAM:KBU) Overvalued in 2026?
Based on GuruFocus' analysis, TAG Colonia-Immobilien AG stock appears to be overvalued.
The current stock price of €5.70 is trading 17% above its estimated GF Value™ of €4.87.
GuruFocus considers TAG Colonia-Immobilien AG to be Modestly Overvalued.
Key valuation signals for HAM:KBU:
Sloan Ratio %: 2.48%
GF Value™: €4.87 vs. price of €5.70 (17% above fair value)
No single metric tells the full story. See the HAM:KBU stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
TAG Colonia-Immobilien AG is a real estate company focused on the residential property sector. The properties owned by the company and its subsidiaries are spread across various regions in Northern and Eastern Germany and North Rhine-Westphalia. Additionally, it has also expanded operations into Poland, where the business focuses not only on the development and management of a residential property portfolio but also on sales activities. The Group's portfolio comprises several thousand residential units in Germany and Poland, including a small number of commercial units. TAG's business model in Germany consists of a long-term rental business for residential units. Its operating segments are: Rental Germany, which generates the maximum revenue, Rental Poland, Sales Poland, and Others.
58GF Score
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