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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.
Aferian's Sloan Ratio for the quarter that ended in May. 2025 was -24.83%.
Warning Sign:
When sloan ratio (-28.57)% higher than 25% or lower than -25%, earnings are more likely to be made up of accruals.
As of May. 2025, Aferian has a Sloan Ratio of -24.83%, indicating earnings are more likely to be made up of 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 May. 2025, Aferian has a Sloan Ratio of -24.83%, indicating earnings are more likely to be made up of accruals.
Aferian Sloan Ratio % Related Terms
Aferian Sloan Ratio % Historical Data
* Premium members only.
The historical data trend for Aferian'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.
For the Broadcasting subindustry, Aferian'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.
Aferian Sloan Ratio % vs Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, Aferian's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Aferian'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.
Aferian's Sloan Ratio for the fiscal year that ended in Nov. 2024 is calculated as
For company reported semi-annually, GuruFocus uses latest two semi-annual data as the TTM data.
Aferian's Net Income for the trailing twelve months (TTM) ended in May. 2025 was -3.091 (Nov. 2024 ) + -1.129 (May. 2025 ) = £-4.22 Mil.
Aferian's Cash Flow from Operations for the trailing twelve months (TTM) ended in May. 2025 was 3.457 (Nov. 2024 ) + 0.16 (May. 2025 ) = £3.62 Mil.
Aferian's Cash Flow from Investing for the trailing twelve months (TTM) ended in May. 2025 was -0.983 (Nov. 2024 ) + -0.7 (May. 2025 ) = £-1.68 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.
Aferian (LSE:AFRN) has a Sloan Ratio % of -24.83% as of May. 2025. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Aferian and its competitors.
Is Aferian's Sloan Ratio % too high?
Aferian's current Sloan Ratio % is -24.83%.
How does Aferian's Sloan Ratio % compare to NXST and TGNA?
Aferian's Sloan Ratio % of -24.83% can be compared against companies in the Media - Diversified 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 Media - Diversified company?
A good Sloan Ratio % depends on the Media - Diversified 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 Aferian and its competitors. Aferian's current Sloan Ratio % is -24.83%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Aferian stock overvalued right now?
Aferian (LSE:AFRN) has a current Sloan Ratio % of -24.83%. The stock's GF Value™ is £0.04, compared to a current price of £0.01 — trading 86.3% below its estimated fair value. The current Sloan Ratio % is -24.83%. 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 Aferian (LSE:AFRN), the current Sloan Ratio % is -24.83% as of May. 2025. 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.
Aferian PLC is a software-led, world-wide Media Technology company. It delivers modern TV experiences integrating streaming and PayTV services. Its Next-Generation technology platforms enable operators, broadcasters, and content owners to provide viewers the choice, usability, and convenience. Geographically, it operates in USA, Latin America, Netherlands, Rest of EMEA, EMEA, and Rest of the World. The company operates through three segments: the development and sale of video streaming devices and solutions, including licensing and support services (Amino); development and sale of the 24i end-to-end video streaming platform and associated services; and central costs which comprise the costs of the Board. It derives maximum revenue from 24i segment.
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