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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 Dec. 2025, Melco International Development has a Sloan Ratio of -7.95%, indicating the company is in the safe zone and there is no funny business with accruals.
Melco International Development (OTCPK:MDEVF) 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, Melco International Development has a Sloan Ratio of -7.95%, indicating the company is in the safe zone and there is no funny business with accruals.
Melco International Development Sloan Ratio % Related Terms
Melco International Development 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.
Melco International Development Sloan Ratio % Chart
For the Resorts & Casinos subindustry, Melco International Development'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.
Melco International Development Sloan Ratio % vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Melco International Development's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Melco International Development's Sloan Ratio % falls into.
Melco International Development 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.
For company reported semi-annually, GuruFocus uses latest two semi-annual data as the TTM data.
Melco International Development's Net Income for the trailing twelve months (TTM) ended in Dec. 2025 was 44.698 (Jun. 2025 ) + 90.928 (Dec. 2025 ) = $136 Mil.
Melco International Development's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2025 was 595.248 (Jun. 2025 ) + 716.517 (Dec. 2025 ) = $1,312 Mil.
Melco International Development's Cash Flow from Investing for the trailing twelve months (TTM) ended in Dec. 2025 was -197.131 (Jun. 2025 ) + -134.441 (Dec. 2025 ) = $-332 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.
Melco International Development (MDEVF) has a Sloan Ratio % of -7.95% as of Dec. 2025. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Melco International Development and its competitors.
Is Melco International Development's Sloan Ratio % too high?
Melco International Development's current Sloan Ratio % is -7.95%. Overall, Melco International Development has a GF Score™ of 47/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Melco International Development's Sloan Ratio % compare to LVS and MGM?
Melco International Development's Sloan Ratio % of -7.95% can be compared against companies in the Travel & Leisure 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 Travel & Leisure company?
A good Sloan Ratio % depends on the Travel & Leisure 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 Melco International Development and its competitors. Melco International Development's current Sloan Ratio % is -7.95%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Melco International Development stock overvalued right now?
Based on GuruFocus' analysis, Melco International Development (MDEVF) is currently considered Possible Value Trap. The stock's GF Value™ is $0.60, compared to a current price of $0.44 — trading 25.9% below its estimated fair value. The current Sloan Ratio % is -7.95%. Melco International Development's overall GF Score™ is 47/100 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 Melco International Development (MDEVF), the current Sloan Ratio % is -7.95% 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 Melco International Development (MDEVF) Overvalued in 2026?
Based on GuruFocus' analysis, Melco International Development stock appears to be undervalued.
The current stock price of $0.44 is trading 25.9% below its estimated GF Value™ of $0.60.
GuruFocus considers Melco International Development to be Possible Value Trap.
Key valuation signals for MDEVF:
Sloan Ratio %: -7.95%
GF Value™: $0.60 vs. price of $0.44 (25.9% below fair value)
No single metric tells the full story. See the MDEVF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Melco International Development Ltd is a developer, owner, and operator of an international network of casino gaming and entertainment resorts. Its segments are the Casino and Hospitality segment, which generates maximum revenue, comprises the operation of casinos and the provision of hospitality services and facilities through Melco Resorts. Its resorts and properties include City of Dreams Cotai, Altira Macau, and Mocha Clubs in Macau; City of Dreams Manila in the Philippines; and City of Dreams Mediterranean and Cyprus Casinos in Cyprus. The Other segment comprises investments in a joint venture and associates, and other activities. Its operations are mainly located in Macau, the Philippines, Cyprus, and other regions, with maximum revenue derived from Macau.
47GF 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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