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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.
Blackfinch Spring VCT's Sloan Ratio for the quarter that ended in Dec. 2025 was 20.46%.
As of Dec. 2025, Blackfinch Spring VCT has a Sloan Ratio of 20.46%, indicating there is a warning stage of accrual build up.
Blackfinch Spring VCT (LSE:BFSP) 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 Dec. 2025, Blackfinch Spring VCT has a Sloan Ratio of 20.46%, indicating there is a warning stage of accrual build up.
Blackfinch Spring VCT Sloan Ratio % Related Terms
Blackfinch Spring VCT Sloan Ratio % Historical Data
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The historical data trend for Blackfinch Spring VCT'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.
LSE:BFSP vs BLK, BX, KKR: Sloan Ratio % Comparison
For the Asset Management subindustry, Blackfinch Spring VCT'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.
Blackfinch Spring VCT Sloan Ratio % vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Blackfinch Spring VCT's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Blackfinch Spring VCT'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.
Blackfinch Spring VCT's Sloan Ratio for the fiscal year that ended in Dec. 2025 is calculated as
For company reported semi-annually, GuruFocus uses latest two semi-annual data as the TTM data.
Blackfinch Spring VCT's Net Income for the trailing twelve months (TTM) ended in Dec. 2025 was -1.226 (Jun. 2025 ) + -2.514 (Dec. 2025 ) = £-3.74 Mil.
Blackfinch Spring VCT's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2025 was 0.948 (Jun. 2025 ) + -2.947 (Dec. 2025 ) = £-2.00 Mil.
Blackfinch Spring VCT's Cash Flow from Investing for the trailing twelve months (TTM) ended in Dec. 2025 was -14.768 (Jun. 2025 ) + -0.768 (Dec. 2025 ) = £-15.54 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.
Blackfinch Spring VCT (LSE:BFSP) has a Sloan Ratio % of 20.46% as of Dec. 2025. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Blackfinch Spring VCT and its competitors.
Is Blackfinch Spring VCT's Sloan Ratio % too high?
Blackfinch Spring VCT's current Sloan Ratio % is 20.46%. Overall, Blackfinch Spring VCT has a GF Score™ of 33/100, reflecting its overall financial health beyond just this single metric.
How does Blackfinch Spring VCT's Sloan Ratio % compare to BLK and BX?
Blackfinch Spring VCT's Sloan Ratio % of 20.46% can be compared against companies in the Asset Management 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 Asset Management company?
A good Sloan Ratio % depends on the Asset Management 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 Blackfinch Spring VCT and its competitors. Blackfinch Spring VCT's current Sloan Ratio % is 20.46%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Blackfinch Spring VCT stock overvalued right now?
Blackfinch Spring VCT (LSE:BFSP) has a current Sloan Ratio % of 20.46%. The stock's GF Value™ is £0.42, compared to a current price of £0.82 — trading 95.2% above its estimated fair value. The current Sloan Ratio % is 20.46%. Blackfinch Spring VCT's overall GF Score™ is 33/100. 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 Blackfinch Spring VCT (LSE:BFSP), the current Sloan Ratio % is 20.46% as of Dec. 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.
Is Blackfinch Spring VCT (LSE:BFSP) Overvalued in 2026?
Based on GuruFocus' analysis, Blackfinch Spring VCT stock appears to be overvalued.
The current stock price of £0.82 is trading 95.2% above its estimated GF Value™ of £0.42.
Key valuation signals for LSE:BFSP:
Sloan Ratio %: 20.46%
GF Value™: £0.42 vs. price of £0.82 (95.2% above fair value)
No single metric tells the full story. See the LSE:BFSP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Blackfinch Spring VCT PLC is an investment management company. Its objective is to invest in growth-stage technology-enabled companies that are on their scale-up journey. The Company is engaged in a single segment of business, being the investment business.
33GF 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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