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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.
Independent Petroleum Group KSCP (KUW:IPG) 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 Jun. 2026, Independent Petroleum Group KSCP has a Sloan Ratio of 10.81%, indicating there is a warning stage of accrual build up.
Independent Petroleum Group KSCP Sloan Ratio % Related Terms
Independent Petroleum Group KSCP 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.
Independent Petroleum Group KSCP Sloan Ratio % Chart
For the Oil & Gas Integrated subindustry, Independent Petroleum Group KSCP'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.
Independent Petroleum Group KSCP Sloan Ratio % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Independent Petroleum Group KSCP's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Independent Petroleum Group KSCP's Sloan Ratio % falls into.
Independent Petroleum Group KSCP 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.
Independent Petroleum Group KSCP's Net Income for the trailing twelve months (TTM) ended in Jun. 2026 was 2.012 (Sep. 2025 ) + 3.25 (Dec. 2025 ) + 2.265 (Mar. 2026 ) + 3.248 (Jun. 2026 ) = KWD10.8 Mil.
Independent Petroleum Group KSCP's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 was -17.569 (Sep. 2025 ) + -91.416 (Dec. 2025 ) + 39.775 (Mar. 2026 ) + 35.382 (Jun. 2026 ) = KWD-33.8 Mil.
Independent Petroleum Group KSCP's Cash Flow from Investing for the trailing twelve months (TTM) ended in Jun. 2026 was 0.837 (Sep. 2025 ) + -1.011 (Dec. 2025 ) + -4.494 (Mar. 2026 ) + 2.893 (Jun. 2026 ) = KWD-1.8 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.
Independent Petroleum Group KSCP (KUW:IPG) has a Sloan Ratio % of 10.81% as of Jun. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Independent Petroleum Group KSCP and its competitors.
Is Independent Petroleum Group KSCP's Sloan Ratio % too high?
Independent Petroleum Group KSCP's current Sloan Ratio % is 10.81%. Overall, Independent Petroleum Group KSCP has a GF Score™ of 33/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Independent Petroleum Group KSCP's Sloan Ratio % compare to XOM and CVX?
Independent Petroleum Group KSCP's Sloan Ratio % of 10.81% can be compared against companies in the Oil & Gas 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 Oil & Gas company?
A good Sloan Ratio % depends on the Oil & Gas 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 Independent Petroleum Group KSCP and its competitors. Independent Petroleum Group KSCP's current Sloan Ratio % is 10.81%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Independent Petroleum Group KSCP stock overvalued right now?
Based on GuruFocus' analysis, Independent Petroleum Group KSCP (KUW:IPG) is currently considered Significantly Overvalued. The stock's GF Value™ is KWD0.41, compared to a current price of KWD0.67 — trading 62.9% above its estimated fair value. The current Sloan Ratio % is 10.81%. Independent Petroleum Group KSCP's overall GF Score™ is 33/100 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 Independent Petroleum Group KSCP (KUW:IPG), the current Sloan Ratio % is 10.81% as of Jun. 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 Independent Petroleum Group KSCP (KUW:IPG) Overvalued in 2026?
Based on GuruFocus' analysis, Independent Petroleum Group KSCP stock appears to be overvalued.
The current stock price of KWD0.67 is trading 62.9% above its estimated GF Value™ of KWD0.41.
GuruFocus considers Independent Petroleum Group KSCP to be Significantly Overvalued.
Key valuation signals for KUW:IPG:
Sloan Ratio %: 10.81%
GF Value™: KWD0.41 vs. price of KWD0.67 (62.9% above fair value)
No single metric tells the full story. See the KUW:IPG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Independent Petroleum Group KSCP is engaged in the trading and marketing of crude oil, petroleum products. The trading of crude oil and petroleum products is also related to storage and distribution operations. LPG, petrochemicals, and fertilizers. In addition to this core activity, it has interests in terminals, pipelines, and shipping. The group operates in Europe, Africa and Middle East, and Asia and the Far East where Africa and the Middle East region generates maximum revenue.
33GF Score
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