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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.
Lesaka Technologies's Sloan Ratio for the quarter that ended in Mar. 2026 was -7.91%.
As of Mar. 2026, Lesaka Technologies has a Sloan Ratio of -7.91%, indicating the company is in the safe zone and there is no funny business with accruals.
Lesaka Technologies (JSE:LSK) 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, Lesaka Technologies has a Sloan Ratio of -7.91%, indicating the company is in the safe zone and there is no funny business with accruals.
Lesaka Technologies Sloan Ratio % Related Terms
Lesaka Technologies Sloan Ratio % Historical Data
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The historical data trend for Lesaka Technologies'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.
JSE:LSK vs IMXI, IIIV, CINT: Sloan Ratio % Comparison
For the Software - Infrastructure subindustry, Lesaka Technologies'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.
Lesaka Technologies Sloan Ratio % vs Software Industry
For the Software industry and Technology sector, Lesaka Technologies's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Lesaka Technologies'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.
Lesaka Technologies's Sloan Ratio for the fiscal year that ended in Jun. 2025 is calculated as
Lesaka Technologies's Net Income for the trailing twelve months (TTM) ended in Mar. 2026 was -496.192 (Jun. 2025 ) + -74.876 (Sep. 2025 ) + 61.355 (Dec. 2025 ) + 9.246 (Mar. 2026 ) = R-500 Mil.
Lesaka Technologies's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was -115.526 (Jun. 2025 ) + 155.485 (Sep. 2025 ) + -183.746 (Dec. 2025 ) + 629.275 (Mar. 2026 ) = R485 Mil.
Lesaka Technologies's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2026 was 176.006 (Jun. 2025 ) + -8.033 (Sep. 2025 ) + -96.148 (Dec. 2025 ) + -163.323 (Mar. 2026 ) = R-91 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.
Lesaka Technologies (JSE:LSK) has a Sloan Ratio % of -7.91% as of Mar. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Lesaka Technologies and its competitors.
Is Lesaka Technologies' Sloan Ratio % too high?
Lesaka Technologies' current Sloan Ratio % is -7.91%. Overall, Lesaka Technologies has a GF Score™ of 83/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Lesaka Technologies' Sloan Ratio % compare to IMXI and IIIV?
Lesaka Technologies' Sloan Ratio % of -7.91% 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 Lesaka Technologies and its competitors. Lesaka Technologies's current Sloan Ratio % is -7.91%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Lesaka Technologies stock overvalued right now?
Based on GuruFocus' analysis, Lesaka Technologies (JSE:LSK) is currently considered Fairly Valued. The stock's GF Value™ is R76.34, compared to a current price of R79.00 — trading 3.5% above its estimated fair value. The current Sloan Ratio % is -7.91%. Lesaka Technologies' overall GF Score™ is 83/100 with 8 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 Lesaka Technologies (JSE:LSK), the current Sloan Ratio % is -7.91% 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 Lesaka Technologies (JSE:LSK) Overvalued in 2026?
Based on GuruFocus' analysis, Lesaka Technologies stock appears to be overvalued.
The current stock price of R79.00 is trading 3.5% above its estimated GF Value™ of R76.34.
GuruFocus considers Lesaka Technologies to be Fairly Valued.
Key valuation signals for JSE:LSK:
Sloan Ratio %: -7.91%
GF Value™: R76.34 vs. price of R79.00 (3.5% above fair value)
No single metric tells the full story. See the JSE:LSK stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Lesaka Technologies Inc provides payment solutions, transaction processing solutions, and financial technologies. The company operates three reportable segments: Merchant, Consumer and Enterprise. Merchant, which focuses on both formal and informal sector merchants. Consumer, which focuses on individuals who have historically been excluded from traditional financial services and to whom it offers transactional accounts (banking), insurance, lending (short-term loans), payments solutions and various value-added services; and Enterprise, which comprises large-scale corporate and government organizations, including but not limited to banks, mobile network operators (MNOs) and municipalities, and, through Recharger, landlords utilizing Recharger's prepaid electricity metering solution.
83GF Score
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