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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.
Enka Insaat Venayi AS's Sloan Ratio for the quarter that ended in Mar. 2026 was 2.17%.
As of Mar. 2026, Enka Insaat Venayi AS has a Sloan Ratio of 2.17%, indicating the company is in the safe zone and there is no funny business with accruals.
Enka Insaat Venayi AS (IST:ENKAI) 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, Enka Insaat Venayi AS has a Sloan Ratio of 2.17%, indicating the company is in the safe zone and there is no funny business with accruals.
Enka Insaat Venayi AS Sloan Ratio % Related Terms
Enka Insaat Venayi AS Sloan Ratio % Historical Data
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The historical data trend for Enka Insaat Venayi AS'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.
IST:ENKAI vs PWR, FIX, EME: Sloan Ratio % Comparison
For the Engineering & Construction subindustry, Enka Insaat Venayi AS'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.
Enka Insaat Venayi AS Sloan Ratio % vs Construction Industry
For the Construction industry and Industrials sector, Enka Insaat Venayi AS's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Enka Insaat Venayi AS'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.
Enka Insaat Venayi AS's Sloan Ratio for the fiscal year that ended in Dec. 2025 is calculated as
Enka Insaat Venayi AS's Net Income for the trailing twelve months (TTM) ended in Mar. 2026 was 12165.47 (Jun. 2025 ) + 10984.465 (Sep. 2025 ) + 6833.183 (Dec. 2025 ) + 3457.121 (Mar. 2026 ) = ₺33,440 Mil.
Enka Insaat Venayi AS's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was 6433.336 (Jun. 2025 ) + 7744.699 (Sep. 2025 ) + 8131.109 (Dec. 2025 ) + 2172.288 (Mar. 2026 ) = ₺24,481 Mil.
Enka Insaat Venayi AS's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2026 was 4950.871 (Jun. 2025 ) + 396.926 (Sep. 2025 ) + -4186.669 (Dec. 2025 ) + -3165.335 (Mar. 2026 ) = ₺-2,004 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.
Enka Insaat Venayi AS (IST:ENKAI) has a Sloan Ratio % of 2.17% as of Mar. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Enka Insaat Venayi AS and its competitors.
Is Enka Insaat Venayi AS's Sloan Ratio % too high?
Enka Insaat Venayi AS's current Sloan Ratio % is 2.17%. Overall, Enka Insaat Venayi AS has a GF Score™ of 85/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Enka Insaat Venayi AS's Sloan Ratio % compare to PWR and FIX?
Enka Insaat Venayi AS's Sloan Ratio % of 2.17% can be compared against companies in the Construction 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 Construction company?
A good Sloan Ratio % depends on the Construction 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 Enka Insaat Venayi AS and its competitors. Enka Insaat Venayi AS's current Sloan Ratio % is 2.17%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Enka Insaat Venayi AS stock overvalued right now?
Based on GuruFocus' analysis, Enka Insaat Venayi AS (IST:ENKAI) is currently considered Modestly Undervalued. The stock's GF Value™ is ₺105.59, compared to a current price of ₺89.95 — trading 14.8% below its estimated fair value. The current Sloan Ratio % is 2.17%. Enka Insaat Venayi AS's overall GF Score™ is 85/100 with 3 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 Enka Insaat Venayi AS (IST:ENKAI), the current Sloan Ratio % is 2.17% 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 Enka Insaat Venayi AS (IST:ENKAI) Overvalued in 2026?
Based on GuruFocus' analysis, Enka Insaat Venayi AS stock appears to be undervalued.
The current stock price of ₺89.95 is trading 14.8% below its estimated GF Value™ of ₺105.59.
GuruFocus considers Enka Insaat Venayi AS to be Modestly Undervalued.
Key valuation signals for IST:ENKAI:
Sloan Ratio %: 2.17%
GF Value™: ₺105.59 vs. price of ₺89.95 (14.8% below fair value)
No single metric tells the full story. See the IST:ENKAI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Enka Insaat Ve Sanayi AS provides a full range of design, engineering, construction, and project management services in various sectors. It creates power plants, production facilities, transportation systems, and other construction projects. If needed, the company will engineer and fabricate structures for installation and modularization. Enka Insaat Ve Sanayi has four operating segments: construction contracts; rental, trade and manufacturing; and energy (the majority of total revenue). Additional revenue is generated from aftermarket support and services, and the company utilizes a mix of traditional engineering disciplines to produce results. The company derives the majority of its revenue from Turkey, but the company does operate in various European nations.
85GF Score
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