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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.
Tele Columbus AG's Sloan Ratio for the quarter that ended in Mar. 2026 was -86.29%.
Warning Sign:
When sloan ratio (-86.83)% higher than 25% or lower than -25%, earnings are more likely to be made up of accruals.
As of Mar. 2026, Tele Columbus AG has a Sloan Ratio of -86.29%, indicating earnings are more likely to be made up of accruals.
Tele Columbus AG (HAM:TC1) 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, Tele Columbus AG has a Sloan Ratio of -86.29%, indicating earnings are more likely to be made up of accruals.
Tele Columbus AG Sloan Ratio % Related Terms
Tele Columbus AG Sloan Ratio % Historical Data
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The historical data trend for Tele Columbus AG'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 Telecom Services subindustry, Tele Columbus 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.
Tele Columbus AG Sloan Ratio % vs Telecommunication Services Industry
For the Telecommunication Services industry and Communication Services sector, Tele Columbus AG's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Tele Columbus AG'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.
Tele Columbus AG's Sloan Ratio for the fiscal year that ended in Dec. 2025 is calculated as
Tele Columbus AG's Net Income for the trailing twelve months (TTM) ended in Mar. 2026 was -101.482 (Jun. 2025 ) + -4.203 (Sep. 2025 ) + -896.759 (Dec. 2025 ) + -36.139 (Mar. 2026 ) = €-1,038.6 Mil.
Tele Columbus AG's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was 44.157 (Jun. 2025 ) + 36.29 (Sep. 2025 ) + 35.911 (Dec. 2025 ) + 28.391 (Mar. 2026 ) = €144.7 Mil.
Tele Columbus AG's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2026 was -42.847 (Jun. 2025 ) + -25.015 (Sep. 2025 ) + -14.148 (Dec. 2025 ) + -20.06 (Mar. 2026 ) = €-102.1 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.
Tele Columbus AG (HAM:TC1) has a Sloan Ratio % of -86.29% as of Mar. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Tele Columbus AG and its competitors.
Is Tele Columbus AG's Sloan Ratio % too high?
Tele Columbus AG's current Sloan Ratio % is -86.29%. Overall, Tele Columbus AG has a GF Score™ of 33/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Tele Columbus AG's Sloan Ratio % compare to VZ and TMUS?
Tele Columbus AG's Sloan Ratio % of -86.29% can be compared against companies in the Telecommunication Services 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 Telecommunication Services company?
A good Sloan Ratio % depends on the Telecommunication Services 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 Tele Columbus AG and its competitors. Tele Columbus AG's current Sloan Ratio % is -86.29%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tele Columbus AG stock overvalued right now?
Based on GuruFocus' analysis, Tele Columbus AG (HAM:TC1) is currently considered Significantly Overvalued. The stock's GF Value™ is €0.31, compared to a current price of €0.47 — trading 51.6% above its estimated fair value. The current Sloan Ratio % is -86.29%. Tele Columbus AG's overall GF Score™ is 33/100 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 Tele Columbus AG (HAM:TC1), the current Sloan Ratio % is -86.29% 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 Tele Columbus AG (HAM:TC1) Overvalued in 2026?
Based on GuruFocus' analysis, Tele Columbus AG stock appears to be overvalued.
The current stock price of €0.47 is trading 51.6% above its estimated GF Value™ of €0.31.
GuruFocus considers Tele Columbus AG to be Significantly Overvalued.
Key valuation signals for HAM:TC1:
Sloan Ratio %: -86.29%
GF Value™: €0.31 vs. price of €0.47 (51.6% above fair value)
No single metric tells the full story. See the HAM:TC1 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tele Columbus AG is a triple-play telecommunications company. It derives revenue from TV, the Internet, cellphone, and voice services. The group operates through two main segments: TV and Internet, and telephony. The company's TV segment offers cable TV services to customers. The majority of revenue stems from this segment. Internet and telephony derive revenue from the provision of broadband Internet access as well as fixed-line and mobile telephony services to customers. The company is an owner of telecommunications infrastructure. The company generates the vast majority of its revenue in Germany.
33GF 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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