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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.
Zorlu Enerji Elektrik Uretim AS (IST:ZOREN) 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, Zorlu Enerji Elektrik Uretim AS has a Sloan Ratio of -16.78%, indicating there is a warning stage of accrual build up.
Zorlu Enerji Elektrik Uretim AS Sloan Ratio % Related Terms
Zorlu Enerji Elektrik Uretim 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.
Zorlu Enerji Elektrik Uretim AS Sloan Ratio % Chart
Zorlu Enerji Elektrik Uretim AS Sloan Ratio % Competitor Comparison
For the Utilities - Renewable subindustry, Zorlu Enerji Elektrik Uretim 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.
Zorlu Enerji Elektrik Uretim AS Sloan Ratio % vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, Zorlu Enerji Elektrik Uretim AS's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Zorlu Enerji Elektrik Uretim AS's Sloan Ratio % falls into.
Zorlu Enerji Elektrik Uretim 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.
Zorlu Enerji Elektrik Uretim AS's Net Income for the trailing twelve months (TTM) ended in Mar. 2026 was -4827.325 (Jun. 2025 ) + 4479.118 (Sep. 2025 ) + -10204.662 (Dec. 2025 ) + -3065.055 (Mar. 2026 ) = ₺-13,618 Mil.
Zorlu Enerji Elektrik Uretim AS's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was 2439.845 (Jun. 2025 ) + -2299.305 (Sep. 2025 ) + -248.816 (Dec. 2025 ) + -531.395 (Mar. 2026 ) = ₺-640 Mil.
Zorlu Enerji Elektrik Uretim AS's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2026 was 156.829 (Jun. 2025 ) + 6017.83 (Sep. 2025 ) + 4548.693 (Dec. 2025 ) + -1038.862 (Mar. 2026 ) = ₺9,684 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.
Zorlu Enerji Elektrik Uretim AS (IST:ZOREN) has a Sloan Ratio % of -16.78% as of Mar. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Zorlu Enerji Elektrik Uretim AS and its competitors.
Is Zorlu Enerji Elektrik Uretim AS's Sloan Ratio % too high?
Zorlu Enerji Elektrik Uretim AS's current Sloan Ratio % is -16.78%. Overall, Zorlu Enerji Elektrik Uretim AS has a GF Score™ of 61/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Zorlu Enerji Elektrik Uretim AS's Sloan Ratio % compare to competitors?
Zorlu Enerji Elektrik Uretim AS's Sloan Ratio % of -16.78% can be compared against companies in the Utilities - Independent Power Producers 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 an Utilities - Independent Power Producers company?
A good Sloan Ratio % depends on the Utilities - Independent Power Producers 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 Zorlu Enerji Elektrik Uretim AS and its competitors. Zorlu Enerji Elektrik Uretim AS's current Sloan Ratio % is -16.78%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zorlu Enerji Elektrik Uretim AS stock overvalued right now?
Based on GuruFocus' analysis, Zorlu Enerji Elektrik Uretim AS (IST:ZOREN) is currently considered Modestly Undervalued. The stock's GF Value™ is ₺3.29, compared to a current price of ₺2.32 — trading 29.5% below its estimated fair value. The current Sloan Ratio % is -16.78%. Zorlu Enerji Elektrik Uretim AS's overall GF Score™ is 61/100 with 6 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 Zorlu Enerji Elektrik Uretim AS (IST:ZOREN), the current Sloan Ratio % is -16.78% 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 Zorlu Enerji Elektrik Uretim AS (IST:ZOREN) Overvalued in 2026?
Based on GuruFocus' analysis, Zorlu Enerji Elektrik Uretim AS stock appears to be undervalued.
The current stock price of ₺2.32 is trading 29.5% below its estimated GF Value™ of ₺3.29.
GuruFocus considers Zorlu Enerji Elektrik Uretim AS to be Modestly Undervalued.
Key valuation signals for IST:ZOREN:
Sloan Ratio %: -16.78%
GF Value™: ₺3.29 vs. price of ₺2.32 (29.5% below fair value)
No single metric tells the full story. See the IST:ZOREN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Zorlu Enerji Elektrik Uretim AS together with its subsidiaries is engaged in establishing, renting and operating facilities of electrical energy production plant, producing electricity and trading electricity to the customers.
61GF Score
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