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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.
PicS NV's Sloan Ratio for the quarter that ended in Jun. 2026 was 4.79%.
As of Jun. 2026, PicS NV has a Sloan Ratio of 4.79%, indicating the company is in the safe zone and there is no funny business with 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 Jun. 2026, PicS NV has a Sloan Ratio of 4.79%, indicating the company is in the safe zone and there is no funny business with accruals.
PicS NV Sloan Ratio % Related Terms
PicS NV Sloan Ratio % Historical Data
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The historical data trend for PicS NV'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.
MEX:PICSN vs PRGS, NN, GCT: Sloan Ratio % Comparison
For the Software - Infrastructure subindustry, PicS NV'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.
PicS NV Sloan Ratio % vs Software Industry
For the Software industry and Technology sector, PicS NV's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where PicS NV'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.
PicS NV's Sloan Ratio for the fiscal year that ended in Dec. 2025 is calculated as
PicS NV's Net Income for the trailing twelve months (TTM) ended in Jun. 2026 was 319.161 (Sep. 2025 ) + 2709.961 (Dec. 2025 ) + 523.219 (Mar. 2026 ) + 916.116 (Jun. 2026 ) = MXN4,468 Mil.
PicS NV's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 was 4514.271 (Sep. 2025 ) + -8288.262 (Dec. 2025 ) + -899.032 (Mar. 2026 ) + 3024.455 (Jun. 2026 ) = MXN-1,649 Mil.
PicS NV's Cash Flow from Investing for the trailing twelve months (TTM) ended in Jun. 2026 was -642.622 (Sep. 2025 ) + -455.111 (Dec. 2025 ) + -561.822 (Mar. 2026 ) + -734.059 (Jun. 2026 ) = MXN-2,394 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.
PicS NV (MEX:PICSN) has a Sloan Ratio % of 4.79% as of Jun. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on PicS NV and its competitors.
Is PicS NV's Sloan Ratio % too high?
PicS NV's current Sloan Ratio % is 4.79%. Overall, PicS NV has a GF Score™ of 37/100, reflecting its overall financial health beyond just this single metric.
How does PicS NV's Sloan Ratio % compare to PRGS and NN?
PicS NV's Sloan Ratio % of 4.79% can be compared against companies in the Software 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 Software company?
A good Sloan Ratio % depends on the Software 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 PicS NV and its competitors. PicS NV's current Sloan Ratio % is 4.79%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PicS NV stock overvalued right now?
PicS NV (MEX:PICSN) has a current Sloan Ratio % of 4.79%. The current Sloan Ratio % is 4.79%. PicS NV's overall GF Score™ is 37/100 with 2 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 PicS NV (MEX:PICSN), the current Sloan Ratio % is 4.79% as of Jun. 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.
PicS NV is a digital payments company. The company operates a peer-to-peer (P2P) transfer platform that enables individuals to send money via mobile devices. It provides digital wallets, instant payments (Pix), P2P transfers, credit cards, loans, investments, insurance, and SMB payment solutions. The company has four reportable segments: Consumer Banking, Small and Medium-Sized Businesses, Audiences and Ecosystem Integration, and Institutional. The majority of the company's revenue is derived from the Consumer Banking segment, which generates revenue from various transaction activities occurring in the digital wallet, such as Pix, peer-to-peer (P2P) transfers, and bill payments.
37GF Score
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