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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.
When sloan ratio (-84.11)% higher than 25% or lower than -25%, earnings are more likely to be made up of accruals.
As of Mar. 2026, Nigbas Nigde Betonnayi ve Ticarte AS has a Sloan Ratio of -58.87%, indicating earnings are more likely to be made up of accruals.
Nigbas Nigde Betonnayi ve Ticarte AS (IST:NIBAS) 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, Nigbas Nigde Betonnayi ve Ticarte AS has a Sloan Ratio of -58.87%, indicating earnings are more likely to be made up of accruals.
Nigbas Nigde Betonnayi ve Ticarte AS Sloan Ratio % Related Terms
Nigbas Nigde Betonnayi ve Ticarte 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.
Nigbas Nigde Betonnayi ve Ticarte AS Sloan Ratio % Chart
IST:NIBAS vs PWR, FIX, EME: Sloan Ratio % Comparison
For the Engineering & Construction subindustry, Nigbas Nigde Betonnayi ve Ticarte 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.
Nigbas Nigde Betonnayi ve Ticarte AS Sloan Ratio % vs Construction Industry
For the Construction industry and Industrials sector, Nigbas Nigde Betonnayi ve Ticarte AS's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Nigbas Nigde Betonnayi ve Ticarte AS's Sloan Ratio % falls into.
Nigbas Nigde Betonnayi ve Ticarte 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.
Nigbas Nigde Betonnayi ve Ticarte AS's Net Income for the trailing twelve months (TTM) ended in Mar. 2026 was -10.411 (Jun. 2025 ) + 3.713 (Sep. 2025 ) + -389.248 (Dec. 2025 ) + -12.404 (Mar. 2026 ) = ₺-408.4 Mil.
Nigbas Nigde Betonnayi ve Ticarte AS's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was -33.741 (Jun. 2025 ) + -41.227 (Sep. 2025 ) + -15.489 (Dec. 2025 ) + 295.565 (Mar. 2026 ) = ₺205.1 Mil.
Nigbas Nigde Betonnayi ve Ticarte AS's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2026 was 19.248 (Jun. 2025 ) + 43.432 (Sep. 2025 ) + 39.148 (Dec. 2025 ) + -306.093 (Mar. 2026 ) = ₺-204.3 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.
Nigbas Nigde Betonnayi ve Ticarte AS (IST:NIBAS) has a Sloan Ratio % of -58.87% as of Mar. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Nigbas Nigde Betonnayi ve Ticarte AS and its competitors.
Is Nigbas Nigde Betonnayi ve Ticarte AS's Sloan Ratio % too high?
Nigbas Nigde Betonnayi ve Ticarte AS's current Sloan Ratio % is -58.87%. Overall, Nigbas Nigde Betonnayi ve Ticarte AS has a GF Score™ of 49/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Nigbas Nigde Betonnayi ve Ticarte AS's Sloan Ratio % compare to PWR and FIX?
Nigbas Nigde Betonnayi ve Ticarte AS's Sloan Ratio % of -58.87% 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 Nigbas Nigde Betonnayi ve Ticarte AS and its competitors. Nigbas Nigde Betonnayi ve Ticarte AS's current Sloan Ratio % is -58.87%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nigbas Nigde Betonnayi ve Ticarte AS stock overvalued right now?
Based on GuruFocus' analysis, Nigbas Nigde Betonnayi ve Ticarte AS (IST:NIBAS) is currently considered Fairly Valued. The stock's GF Value™ is ₺4.25, compared to a current price of ₺4.15 — trading 2.4% below its estimated fair value. The current Sloan Ratio % is -58.87%. Nigbas Nigde Betonnayi ve Ticarte AS's overall GF Score™ is 49/100 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 Nigbas Nigde Betonnayi ve Ticarte AS (IST:NIBAS), the current Sloan Ratio % is -58.87% 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 Nigbas Nigde Betonnayi ve Ticarte AS (IST:NIBAS) Overvalued in 2026?
Based on GuruFocus' analysis, Nigbas Nigde Betonnayi ve Ticarte AS stock appears to be undervalued.
The current stock price of ₺4.15 is trading 2.4% below its estimated GF Value™ of ₺4.25.
GuruFocus considers Nigbas Nigde Betonnayi ve Ticarte AS to be Fairly Valued.
Key valuation signals for IST:NIBAS:
Sloan Ratio %: -58.87%
GF Value™: ₺4.25 vs. price of ₺4.15 (2.4% below fair value)
No single metric tells the full story. See the IST:NIBAS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nigbas Nigde Betonnayi ve Ticarte AS Business Description
Nigbas Nigde Beton Sanayi ve Ticarte AS is an engineering company. It offers products including prestressed beams for bridges, poles, and paving stones.
49GF 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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