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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.
Maple Leaf Cement Factory (KAR:MLCF) 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, Maple Leaf Cement Factory has a Sloan Ratio of 34.85%, indicating there is a warning stage of accrual build up.
Maple Leaf Cement Factory Sloan Ratio % Related Terms
Maple Leaf Cement Factory 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.
KAR:MLCF vs CRH, VMC, MLM: Sloan Ratio % Comparison
For the Building Materials subindustry, Maple Leaf Cement Factory'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.
Maple Leaf Cement Factory Sloan Ratio % vs Building Materials Industry
For the Building Materials industry and Basic Materials sector, Maple Leaf Cement Factory's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Maple Leaf Cement Factory's Sloan Ratio % falls into.
Maple Leaf Cement Factory 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.
Maple Leaf Cement Factory's Sloan Ratio for the fiscal year that ended in Jun. 2025 is calculated as
Maple Leaf Cement Factory's Net Income for the trailing twelve months (TTM) ended in Mar. 2026 was 3632.061 (Jun. 2025 ) + 2728.256 (Sep. 2025 ) + 3118.059 (Dec. 2025 ) + 1770.955 (Mar. 2026 ) = ₨11,249 Mil.
Maple Leaf Cement Factory's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was 5465.127 (Jun. 2025 ) + 3063.987 (Sep. 2025 ) + 8139.439 (Dec. 2025 ) + 20675.298 (Mar. 2026 ) = ₨37,344 Mil.
Maple Leaf Cement Factory's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2026 was -4989.843 (Jun. 2025 ) + -63.383 (Sep. 2025 ) + -6727.068 (Dec. 2025 ) + -101196.738 (Mar. 2026 ) = ₨-112,977 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.
Maple Leaf Cement Factory (KAR:MLCF) has a Sloan Ratio % of 34.85% as of Mar. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Maple Leaf Cement Factory and its competitors.
Is Maple Leaf Cement Factory's Sloan Ratio % too high?
Maple Leaf Cement Factory's current Sloan Ratio % is 34.85%. Overall, Maple Leaf Cement Factory has a GF Score™ of 82/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Maple Leaf Cement Factory's Sloan Ratio % compare to CRH and VMC?
Maple Leaf Cement Factory's Sloan Ratio % of 34.85% can be compared against companies in the Building Materials 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 Building Materials company?
A good Sloan Ratio % depends on the Building Materials 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 Maple Leaf Cement Factory and its competitors. Maple Leaf Cement Factory's current Sloan Ratio % is 34.85%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Maple Leaf Cement Factory stock overvalued right now?
Based on GuruFocus' analysis, Maple Leaf Cement Factory (KAR:MLCF) is currently considered Significantly Overvalued. The stock's GF Value™ is ₨60.02, compared to a current price of ₨97.90 — trading 63.1% above its estimated fair value. The current Sloan Ratio % is 34.85%. Maple Leaf Cement Factory's overall GF Score™ is 82/100 with 2 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 Maple Leaf Cement Factory (KAR:MLCF), the current Sloan Ratio % is 34.85% 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 Maple Leaf Cement Factory (KAR:MLCF) Overvalued in 2026?
Based on GuruFocus' analysis, Maple Leaf Cement Factory stock appears to be overvalued.
The current stock price of ₨97.90 is trading 63.1% above its estimated GF Value™ of ₨60.02.
GuruFocus considers Maple Leaf Cement Factory to be Significantly Overvalued.
Key valuation signals for KAR:MLCF:
Sloan Ratio %: 34.85%
GF Value™: ₨60.02 vs. price of ₨97.90 (63.1% above fair value)
No single metric tells the full story. See the KAR:MLCF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Maple Leaf Cement Factory Ltd is engaged in the business of manufacturing and sale of cement. Geographically, it derives majority of its revenue from Asia and has a presence in Africa. Its product offering includes various types of cement such as sulfate resistant cement, low alkali cement, white cement, wall coat cement, and ordinary Portland cement.
82GF 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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