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.
Intercede Group's Sloan Ratio for the quarter that ended in Mar. 2026 was 1.17%.
As of Mar. 2026, Intercede Group has a Sloan Ratio of 1.17%, indicating the company is in the safe zone and there is no funny business with accruals.
Intercede Group (OTCPK:IRCDF) 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, Intercede Group has a Sloan Ratio of 1.17%, indicating the company is in the safe zone and there is no funny business with accruals.
Intercede Group Sloan Ratio % Related Terms
Intercede Group Sloan Ratio % Historical Data
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The historical data trend for Intercede Group'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.
IRCDF vs UBER, SHOP, CRM: Sloan Ratio % Comparison
For the Software - Application subindustry, Intercede 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.
Intercede Group Sloan Ratio % vs Software Industry
For the Software industry and Technology sector, Intercede Group's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Intercede Group'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.
Intercede Group's Sloan Ratio for the fiscal year that ended in Mar. 2026 is calculated as
For company reported semi-annually, GuruFocus uses latest two semi-annual data as the TTM data.
Intercede Group's Net Income for the trailing twelve months (TTM) ended in Mar. 2026 was 1.678 (Sep. 2025 ) + 2.845 (Mar. 2026 ) = $4.52 Mil.
Intercede Group's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was 1.574 (Sep. 2025 ) + 2.568 (Mar. 2026 ) = $4.14 Mil.
Intercede Group's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2026 was -0.07 (Sep. 2025 ) + -0.021 (Mar. 2026 ) = $-0.09 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.
Intercede Group (IRCDF) has a Sloan Ratio % of 1.17% as of Mar. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Intercede Group and its competitors.
Is Intercede Group's Sloan Ratio % too high?
Intercede Group's current Sloan Ratio % is 1.17%. Overall, Intercede Group has a GF Score™ of 86/100, reflecting its overall financial health beyond just this single metric.
How does Intercede Group's Sloan Ratio % compare to UBER and SHOP?
Intercede Group's Sloan Ratio % of 1.17% 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 Intercede Group and its competitors. Intercede Group's current Sloan Ratio % is 1.17%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Intercede Group stock overvalued right now?
Intercede Group (IRCDF) has a current Sloan Ratio % of 1.17%. The stock's GF Value™ is $1.79, compared to a current price of $1.37 — trading 23.5% below its estimated fair value. The current Sloan Ratio % is 1.17%. Intercede Group's overall GF Score™ is 86/100 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 Intercede Group (IRCDF), the current Sloan Ratio % is 1.17% 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 Intercede Group (IRCDF) Overvalued in 2026?
Based on GuruFocus' analysis, Intercede Group stock appears to be undervalued.
The current stock price of $1.37 is trading 23.5% below its estimated GF Value™ of $1.79.
Key valuation signals for IRCDF:
Sloan Ratio %: 1.17%
GF Value™: $1.79 vs. price of $1.37 (23.5% below fair value)
No single metric tells the full story. See the IRCDF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Intercede Group PLC is an independent developer and supplier of identity and credential management software. Its product portfolio includes MyID, an identity, and credential management system, RapID is the password killer for killer apps, and MyTAM enables Android app developers and service providers to deploy trusted applications to the trusted execution environment simply and cost-effectively. The company serves a diverse range of markets including governments, enterprises, app developers, and service providers. It has operational footprints across the United Kingdom, the Rest of Europe, the Americas, and the Rest of the world. The majority of its revenue is derived from the Americas.
86GF Score
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