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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, Netas Telekomunikasyon AS has a Sloan Ratio of -2.63%, indicating the company is in the safe zone and there is no funny business with accruals.
Netas Telekomunikasyon AS (IST:NETAS) 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, Netas Telekomunikasyon AS has a Sloan Ratio of -2.63%, indicating the company is in the safe zone and there is no funny business with accruals.
Netas Telekomunikasyon AS Sloan Ratio % Related Terms
Netas Telekomunikasyon AS 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.
IST:NETAS vs CSCO, MSI, HPE: Sloan Ratio % Comparison
For the Communication Equipment subindustry, Netas Telekomunikasyon 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.
Netas Telekomunikasyon AS Sloan Ratio % vs Hardware Industry
For the Hardware industry and Technology sector, Netas Telekomunikasyon AS's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Netas Telekomunikasyon AS's Sloan Ratio % falls into.
Netas Telekomunikasyon AS 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.
Netas Telekomunikasyon AS's Sloan Ratio for the fiscal year that ended in Dec. 2025 is calculated as
Netas Telekomunikasyon AS's Net Income for the trailing twelve months (TTM) ended in Dec. 2025 was -79.618 (Mar. 2025 ) + -29.41 (Jun. 2025 ) + -151.891 (Sep. 2025 ) + -89.024 (Dec. 2025 ) = ₺-350 Mil.
Netas Telekomunikasyon AS's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2025 was -328.957 (Mar. 2025 ) + 87.137 (Jun. 2025 ) + -45.599 (Sep. 2025 ) + 203.377 (Dec. 2025 ) = ₺-84 Mil.
Netas Telekomunikasyon AS's Cash Flow from Investing for the trailing twelve months (TTM) ended in Dec. 2025 was 7.445 (Mar. 2025 ) + 5.021 (Jun. 2025 ) + -1.291 (Sep. 2025 ) + -30.573 (Dec. 2025 ) = ₺-19 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.
Netas Telekomunikasyon AS (IST:NETAS) has a Sloan Ratio % of -2.63% as of Dec. 2025. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Netas Telekomunikasyon AS and its competitors.
Is Netas Telekomunikasyon AS's Sloan Ratio % too high?
Netas Telekomunikasyon AS's current Sloan Ratio % is -2.63%. Overall, Netas Telekomunikasyon AS has a GF Score™ of 47/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Netas Telekomunikasyon AS's Sloan Ratio % compare to CSCO and MSI?
Netas Telekomunikasyon AS's Sloan Ratio % of -2.63% can be compared against companies in the Hardware 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 Hardware company?
A good Sloan Ratio % depends on the Hardware 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 Netas Telekomunikasyon AS and its competitors. Netas Telekomunikasyon AS's current Sloan Ratio % is -2.63%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Netas Telekomunikasyon AS stock overvalued right now?
Based on GuruFocus' analysis, Netas Telekomunikasyon AS (IST:NETAS) is currently considered Possible Value Trap. The stock's GF Value™ is ₺101.81, compared to a current price of ₺61.55 — trading 39.5% below its estimated fair value. The current Sloan Ratio % is -2.63%. Netas Telekomunikasyon AS's overall GF Score™ is 47/100 with 4 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 Netas Telekomunikasyon AS (IST:NETAS), the current Sloan Ratio % is -2.63% 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 Netas Telekomunikasyon AS (IST:NETAS) Overvalued in 2026?
Based on GuruFocus' analysis, Netas Telekomunikasyon AS stock appears to be undervalued.
The current stock price of ₺61.55 is trading 39.5% below its estimated GF Value™ of ₺101.81.
GuruFocus considers Netas Telekomunikasyon AS to be Possible Value Trap.
Key valuation signals for IST:NETAS:
Sloan Ratio %: -2.63%
GF Value™: ₺101.81 vs. price of ₺61.55 (39.5% below fair value)
No single metric tells the full story. See the IST:NETAS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Netas Telekomunikasyon AS is engaged in the manufacture and trade of telecommunication equipment, project installation services, technical support, repair and maintenance services, IT services, strategic outsourcing services, implementation activities, and associated services. The group continues to provide end-to-end solutions and technology services to service providers and institutions in local and international markets. Its solutions and services are Cyber Security Solutions, New Generation Data Center, Localized Solutions, Mobile Broadband Solutions, Managed Services, Cyber Security Operation Center, Netas Network Operation Center, Informatics Support Services, and Others. Its operating segments are: Telecom, System Integration, Technology, and BDH.
47GF 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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