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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.
As of Mar. 2026, Polska Grupa Energetyczna has a Sloan Ratio of -0.57%, indicating the company is in the safe zone and there is no funny business with accruals.
Polska Grupa Energetyczna (LTS:0MN3) 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, Polska Grupa Energetyczna has a Sloan Ratio of -0.57%, indicating the company is in the safe zone and there is no funny business with accruals.
Polska Grupa Energetyczna Sloan Ratio % Related Terms
Polska Grupa Energetyczna 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.
LTS:0MN3 vs NEE, SO, DUK: Sloan Ratio % Comparison
For the Utilities - Regulated Electric subindustry, Polska Grupa Energetyczna'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.
Polska Grupa Energetyczna Sloan Ratio % vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Polska Grupa Energetyczna's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Polska Grupa Energetyczna's Sloan Ratio % falls into.
Polska Grupa Energetyczna 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.
Polska Grupa Energetyczna's Sloan Ratio for the fiscal year that ended in Dec. 2025 is calculated as
Polska Grupa Energetyczna's Net Income for the trailing twelve months (TTM) ended in Mar. 2026 was -9606 (Jun. 2025 ) + 552 (Sep. 2025 ) + 3141 (Dec. 2025 ) + 1938 (Mar. 2026 ) = zł-3,975 Mil.
Polska Grupa Energetyczna's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was 7395 (Jun. 2025 ) + 1315 (Sep. 2025 ) + 38 (Dec. 2025 ) + 1179 (Mar. 2026 ) = zł9,927 Mil.
Polska Grupa Energetyczna's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2026 was -2290 (Jun. 2025 ) + -2971 (Sep. 2025 ) + -4235 (Dec. 2025 ) + -3783 (Mar. 2026 ) = zł-13,279 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.
Polska Grupa Energetyczna (LTS:0MN3) has a Sloan Ratio % of -0.57% as of Mar. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Polska Grupa Energetyczna and its competitors.
Is Polska Grupa Energetyczna's Sloan Ratio % too high?
Polska Grupa Energetyczna's current Sloan Ratio % is -0.57%. Overall, Polska Grupa Energetyczna has a GF Score™ of 62/100, reflecting its overall financial health beyond just this single metric.
How does Polska Grupa Energetyczna's Sloan Ratio % compare to NEE and SO?
Polska Grupa Energetyczna's Sloan Ratio % of -0.57% can be compared against companies in the Utilities - Regulated 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 Utilities - Regulated company?
A good Sloan Ratio % depends on the Utilities - Regulated 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 Polska Grupa Energetyczna and its competitors. Polska Grupa Energetyczna's current Sloan Ratio % is -0.57%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Polska Grupa Energetyczna stock overvalued right now?
Polska Grupa Energetyczna (LTS:0MN3) has a current Sloan Ratio % of -0.57%. The stock's GF Value™ is zł6.30, compared to a current price of zł11.97 — trading 90% above its estimated fair value. The current Sloan Ratio % is -0.57%. Polska Grupa Energetyczna's overall GF Score™ is 62/100 with 7 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 Polska Grupa Energetyczna (LTS:0MN3), the current Sloan Ratio % is -0.57% 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 Polska Grupa Energetyczna (LTS:0MN3) Overvalued in 2026?
Based on GuruFocus' analysis, Polska Grupa Energetyczna stock appears to be overvalued.
The current stock price of zł11.97 is trading 90% above its estimated GF Value™ of zł6.30.
Key valuation signals for LTS:0MN3:
Sloan Ratio %: -0.57%
GF Value™: zł6.30 vs. price of zł11.97 (90% above fair value)
No single metric tells the full story. See the LTS:0MN3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Polska Grupa Energetyczna SA is a Polish electric utility company of which the Polish State Treasury is the majority shareholder. The vast majority of Polska Grupa's revenue comes, collectively, from its conventional generation business, which mines coal and controls power plant operations; its distribution business, which distributes electricity throughout Poland; and its supply business, which purchases and sells electricity and heat. Polska Grupa controls a portfolio of lignite, coal, gas, biomass, hydro, and wind power plants. most of the company's power production is derived from its lignite-fired and coal-fired facilities. Almost all of Polska Grupa's revenue comes from the Polish market, and it is one of the largest energy producers in the country.
62GF Score
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