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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, Maanshan Iron And Steel Co has a Sloan Ratio of 0.79%, indicating the company is in the safe zone and there is no funny business with accruals.
Maanshan Iron And Steel Co (OTCPK:MAANF) 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, Maanshan Iron And Steel Co has a Sloan Ratio of 0.79%, indicating the company is in the safe zone and there is no funny business with accruals.
Maanshan Iron And Steel Co Sloan Ratio % Related Terms
Maanshan Iron And Steel Co 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.
For the Steel subindustry, Maanshan Iron And Steel Co'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.
Maanshan Iron And Steel Co Sloan Ratio % vs Steel Industry
For the Steel industry and Basic Materials sector, Maanshan Iron And Steel Co's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Maanshan Iron And Steel Co's Sloan Ratio % falls into.
Maanshan Iron And Steel Co 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.
Maanshan Iron And Steel Co's Net Income for the trailing twelve months (TTM) ended in Mar. 2026 was 9.651 (Jun. 2025 ) + 22.238 (Sep. 2025 ) + -41.52 (Dec. 2025 ) + 6.147 (Mar. 2026 ) = $-3 Mil.
Maanshan Iron And Steel Co's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was 94.169 (Jun. 2025 ) + 474.964 (Sep. 2025 ) + -24.51 (Dec. 2025 ) + 205.024 (Mar. 2026 ) = $750 Mil.
Maanshan Iron And Steel Co's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2026 was -157.49 (Jun. 2025 ) + -23.914 (Sep. 2025 ) + 42.682 (Dec. 2025 ) + -708.11 (Mar. 2026 ) = $-847 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.
Maanshan Iron And Steel Co (MAANF) has a Sloan Ratio % of 0.79% as of Mar. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Maanshan Iron And Steel Co and its competitors.
Is Maanshan Iron And Steel Co's Sloan Ratio % too high?
Maanshan Iron And Steel Co's current Sloan Ratio % is 0.79%. Overall, Maanshan Iron And Steel Co has a GF Score™ of 42/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Maanshan Iron And Steel Co's Sloan Ratio % compare to NUE and STLD?
Maanshan Iron And Steel Co's Sloan Ratio % of 0.79% can be compared against companies in the Steel 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 Steel company?
A good Sloan Ratio % depends on the Steel 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 Maanshan Iron And Steel Co and its competitors. Maanshan Iron And Steel Co's current Sloan Ratio % is 0.79%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Maanshan Iron And Steel Co stock overvalued right now?
Based on GuruFocus' analysis, Maanshan Iron And Steel Co (MAANF) is currently considered Modestly Undervalued. The stock's GF Value™ is $0.29, compared to a current price of $0.24 — trading 18% below its estimated fair value. The current Sloan Ratio % is 0.79%. Maanshan Iron And Steel Co's overall GF Score™ is 42/100 with 3 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 Maanshan Iron And Steel Co (MAANF), the current Sloan Ratio % is 0.79% 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 Maanshan Iron And Steel Co (MAANF) Overvalued in 2026?
Based on GuruFocus' analysis, Maanshan Iron And Steel Co stock appears to be undervalued.
The current stock price of $0.24 is trading 18% below its estimated GF Value™ of $0.29.
GuruFocus considers Maanshan Iron And Steel Co to be Modestly Undervalued.
Key valuation signals for MAANF:
Sloan Ratio %: 0.79%
GF Value™: $0.29 vs. price of $0.24 (18% below fair value)
No single metric tells the full story. See the MAANF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Maanshan Iron And Steel Co Ltd produces and sells iron and steel products. Its main production processes include iron making, steel making, steel rolling, etc. The Group's key product is steel, which includes four product series of special steel, wheels and axles, long products, and plates. It offers casting round billet, special steel bar, train wheels, axles, wheelsets, section steel, wire rods, hot-rolled plate and cold-rolled plate coils, galvanized plates, color-coated plates, and other products, which are widely used in aviation, railway, ocean, automobile, household appliance, shipbuilding, construction, machinery manufacturing, and other fields. Geographically, the Group generates maximum revenue from the Chinese Mainland, and the rest from Hong Kong and other overseas markets.
42GF Score
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