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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.
PBT Holdings's Sloan Ratio for the quarter that ended in Mar. 2026 was 0.79%.
As of Mar. 2026, PBT Holdings has a Sloan Ratio of 0.79%, indicating the company is in the safe zone and there is no funny business with accruals.
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, PBT Holdings has a Sloan Ratio of 0.79%, indicating the company is in the safe zone and there is no funny business with accruals.
PBT Holdings Sloan Ratio % Related Terms
PBT Holdings Sloan Ratio % Historical Data
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The historical data trend for PBT Holdings'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:PBT vs IBM, ACN, CTSH: Sloan Ratio % Comparison
For the Information Technology Services subindustry, PBT Holdings'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.
PBT Holdings Sloan Ratio % vs Software Industry
For the Software industry and Technology sector, PBT Holdings's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where PBT Holdings'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.
PBT Holdings's Sloan Ratio for the fiscal year that ended in Mar. 2026 is calculated as
For company reported semi-annually, GuruFocus uses latest two semi-annual data as the TTM data.
PBT Holdings's Net Income for the trailing twelve months (TTM) ended in Mar. 2026 was 34.561 (Sep. 2025 ) + 34.317 (Mar. 2026 ) = R69 Mil.
PBT Holdings's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was 25.911 (Sep. 2025 ) + 63.964 (Mar. 2026 ) = R90 Mil.
PBT Holdings's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2026 was 10.274 (Sep. 2025 ) + -34.533 (Mar. 2026 ) = R-24 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.
PBT Holdings (JSE:PBT) has a Sloan Ratio % of 0.79% as of Mar. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on PBT Holdings and its competitors.
Is PBT Holdings' Sloan Ratio % too high?
PBT Holdings' current Sloan Ratio % is 0.79%. Overall, PBT Holdings has a GF Score™ of 83/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does PBT Holdings' Sloan Ratio % compare to IBM and ACN?
PBT Holdings' Sloan Ratio % of 0.79% 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 PBT Holdings and its competitors. PBT Holdings's current Sloan Ratio % is 0.79%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PBT Holdings stock overvalued right now?
Based on GuruFocus' analysis, PBT Holdings (JSE:PBT) is currently considered Fairly Valued. The stock's GF Value™ is R7.40, compared to a current price of R6.90 — trading 6.8% below its estimated fair value. The current Sloan Ratio % is 0.79%. PBT Holdings' overall GF Score™ is 83/100 with 5 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 PBT Holdings (JSE:PBT), the current Sloan Ratio % is 0.79% 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 PBT Holdings (JSE:PBT) Overvalued in 2026?
Based on GuruFocus' analysis, PBT Holdings stock appears to be undervalued.
The current stock price of R6.90 is trading 6.8% below its estimated GF Value™ of R7.40.
GuruFocus considers PBT Holdings to be Fairly Valued.
Key valuation signals for JSE:PBT:
Sloan Ratio %: 0.79%
GF Value™: R7.40 vs. price of R6.90 (6.8% below fair value)
No single metric tells the full story. See the JSE:PBT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PBT Holdings Ltd, formerly known as PBT Group Ltd, is a South African-based company that offers information management and data analytics services. It serves finance, insurance, telecommunications, retail, petroleum and medical healthcare industries. The services provided by the company include data engineering, analytics and visualization, artificial intelligence, managed solutions, advisory and strategic services, application development and others. Its operating segments are based on geographical locations namely South Africa, Europe and the United Kingdom. The segment includes consulting and implementation of data, management information software and healthcare administration services provided in the Republic of South Africa, Europe, the United Kingdom, and also Australia.
83GF Score
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