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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.
Nokian Tyres's Sloan Ratio for the quarter that ended in Jun. 2026 was -4.11%.
As of Jun. 2026, Nokian Tyres has a Sloan Ratio of -4.11%, indicating the company is in the safe zone and there is no funny business with accruals.
Nokian Tyres (MIL:1TYRES) 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 Jun. 2026, Nokian Tyres has a Sloan Ratio of -4.11%, indicating the company is in the safe zone and there is no funny business with accruals.
Nokian Tyres Sloan Ratio % Related Terms
Nokian Tyres Sloan Ratio % Historical Data
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The historical data trend for Nokian Tyres'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.
MIL:1TYRES vs ORLY, AZO, GPC: Sloan Ratio % Comparison
For the Auto Parts subindustry, Nokian Tyres'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.
Nokian Tyres Sloan Ratio % vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Nokian Tyres's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Nokian Tyres'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.
Nokian Tyres's Sloan Ratio for the fiscal year that ended in Dec. 2025 is calculated as
Nokian Tyres's Net Income for the trailing twelve months (TTM) ended in Jun. 2026 was 5.7 (Sep. 2025 ) + 16.4 (Dec. 2025 ) + -22.2 (Mar. 2026 ) + 19.5 (Jun. 2026 ) = €19 Mil.
Nokian Tyres's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 was -80.6 (Sep. 2025 ) + 332.1 (Dec. 2025 ) + -71.4 (Mar. 2026 ) + -2.2 (Jun. 2026 ) = €178 Mil.
Nokian Tyres's Cash Flow from Investing for the trailing twelve months (TTM) ended in Jun. 2026 was -32.2 (Sep. 2025 ) + -4.8 (Dec. 2025 ) + -6.7 (Mar. 2026 ) + -17.2 (Jun. 2026 ) = €-61 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.
Nokian Tyres (MIL:1TYRES) has a Sloan Ratio % of -4.11% as of Jun. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Nokian Tyres and its competitors.
Is Nokian Tyres' Sloan Ratio % too high?
Nokian Tyres' current Sloan Ratio % is -4.11%. Overall, Nokian Tyres has a GF Score™ of 44/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nokian Tyres' Sloan Ratio % compare to ORLY and AZO?
Nokian Tyres' Sloan Ratio % of -4.11% can be compared against companies in the Vehicles & Parts 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 Vehicles & Parts company?
A good Sloan Ratio % depends on the Vehicles & Parts 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 Nokian Tyres and its competitors. Nokian Tyres's current Sloan Ratio % is -4.11%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nokian Tyres stock overvalued right now?
Based on GuruFocus' analysis, Nokian Tyres (MIL:1TYRES) is currently considered Significantly Overvalued. The stock's GF Value™ is €9.54, compared to a current price of €14.88 — trading 56% above its estimated fair value. The current Sloan Ratio % is -4.11%. Nokian Tyres' overall GF Score™ is 44/100 with 12 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 Nokian Tyres (MIL:1TYRES), the current Sloan Ratio % is -4.11% 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.
Is Nokian Tyres (MIL:1TYRES) Overvalued in 2026?
Based on GuruFocus' analysis, Nokian Tyres stock appears to be overvalued.
The current stock price of €14.88 is trading 56% above its estimated GF Value™ of €9.54.
GuruFocus considers Nokian Tyres to be Significantly Overvalued.
Key valuation signals for MIL:1TYRES:
Sloan Ratio %: -4.11%
GF Value™: €9.54 vs. price of €14.88 (56% above fair value)
No single metric tells the full story. See the MIL:1TYRES stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nokian Tyres PLC develops and manufactures rubber tires under the Nokian Tyres brand name for passenger cars, vans, trucks and heavy machinery. The company sells tires to wholesale distributors and through company-owned retail stores, which are operated under the Vianor brand name. The firm organizes itself into three segments based on product and distribution type: Passenger Car Tyres, Heavy Tyres and Vianor. The Passenger car tyres segment generates the majority of revenue.
44GF 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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