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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.
IHS Holding's Sloan Ratio for the quarter that ended in Mar. 2026 was -16.39%.
As of Mar. 2026, IHS Holding has a Sloan Ratio of -16.39%, indicating there is a warning stage of accrual build up.
IHS Holding (NYSE:IHS) 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, IHS Holding has a Sloan Ratio of -16.39%, indicating there is a warning stage of accrual build up.
IHS Holding Sloan Ratio % Related Terms
IHS Holding Sloan Ratio % Historical Data
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The historical data trend for IHS Holding'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 Real Estate Services subindustry, IHS Holding'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.
IHS Holding Sloan Ratio % vs Real Estate Industry
For the Real Estate industry and Real Estate sector, IHS Holding's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where IHS Holding'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.
IHS Holding's Sloan Ratio for the fiscal year that ended in Dec. 2025 is calculated as
IHS Holding's Net Income for the trailing twelve months (TTM) ended in Mar. 2026 was 35.4 (Jun. 2025 ) + 151 (Sep. 2025 ) + -75.9 (Dec. 2025 ) + 75.8 (Mar. 2026 ) = $186 Mil.
IHS Holding's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was 237.7 (Jun. 2025 ) + 251.3 (Sep. 2025 ) + 246.9 (Dec. 2025 ) + 228.6 (Mar. 2026 ) = $965 Mil.
IHS Holding's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2026 was -47.3 (Jun. 2025 ) + -43.3 (Sep. 2025 ) + 107.5 (Dec. 2025 ) + -30.2 (Mar. 2026 ) = $-13 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.
IHS Holding (IHS) has a Sloan Ratio % of -16.39% as of Mar. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on IHS Holding and its competitors.
Is IHS Holding's Sloan Ratio % too high?
IHS Holding's current Sloan Ratio % is -16.39%. Overall, IHS Holding has a GF Score™ of 54/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does IHS Holding's Sloan Ratio % compare to NMRK and CWK?
IHS Holding's Sloan Ratio % of -16.39% 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 IHS Holding and its competitors. IHS Holding's current Sloan Ratio % is -16.39%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is IHS Holding stock overvalued right now?
Based on GuruFocus' analysis, IHS Holding (IHS) is currently considered Significantly Overvalued. The stock's GF Value™ is $4.19, compared to a current price of $8.20 — trading 95.7% above its estimated fair value. The current Sloan Ratio % is -16.39%. IHS Holding's overall GF Score™ is 54/100 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 IHS Holding (IHS), the current Sloan Ratio % is -16.39% 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 IHS Holding (IHS) Overvalued in 2026?
Based on GuruFocus' analysis, IHS Holding stock appears to be overvalued.
The current stock price of $8.20 is trading 95.7% above its estimated GF Value™ of $4.19.
GuruFocus considers IHS Holding to be Significantly Overvalued.
Key valuation signals for IHS:
Sloan Ratio %: -16.39%
GF Value™: $4.19 vs. price of $8.20 (95.7% above fair value)
No single metric tells the full story. See the IHS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
IHS Holding Ltd is an independent owner, operator, and developer of shared telecommunications infrastructure. The company provides telecommunications infrastructure to its customers, who are MNOs, who in turn provide wireless voice and data services to their end-users. Its geographical segments are Nigeria and Sub-Saharan Africa. The majority of its revenue is derived from Nigeria.
54GF 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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