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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, Italian Wine Brands SpA has a Sloan Ratio of -6.67%, indicating the company is in the safe zone and there is no funny business with accruals.
Italian Wine Brands SpA (MIL:IWB) 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, Italian Wine Brands SpA has a Sloan Ratio of -6.67%, indicating the company is in the safe zone and there is no funny business with accruals.
Italian Wine Brands SpA Sloan Ratio % Related Terms
Italian Wine Brands SpA 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 Beverages - Wineries & Distilleries subindustry, Italian Wine Brands SpA'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.
Italian Wine Brands SpA Sloan Ratio % vs Beverages - Alcoholic Industry
For the Beverages - Alcoholic industry and Consumer Defensive sector, Italian Wine Brands SpA's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Italian Wine Brands SpA'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.
Italian Wine Brands SpA's Sloan Ratio for the fiscal year that ended in Dec. 2025 is calculated as
For company reported semi-annually, GuruFocus uses latest two semi-annual data as the TTM data.
Italian Wine Brands SpA's Net Income for the trailing twelve months (TTM) ended in Dec. 2025 was 10.124 (Jun. 2025 ) + 6.128 (Dec. 2025 ) = €16.3 Mil.
Italian Wine Brands SpA's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2025 was 15.49 (Jun. 2025 ) + 34.03 (Dec. 2025 ) = €49.5 Mil.
Italian Wine Brands SpA's Cash Flow from Investing for the trailing twelve months (TTM) ended in Dec. 2025 was -3.614 (Jun. 2025 ) + 4.444 (Dec. 2025 ) = €0.8 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.
Italian Wine Brands SpA (MIL:IWB) has a Sloan Ratio % of -6.67% as of Dec. 2025. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Italian Wine Brands SpA and its competitors.
Is Italian Wine Brands SpA's Sloan Ratio % too high?
Italian Wine Brands SpA's current Sloan Ratio % is -6.67%. Overall, Italian Wine Brands SpA has a GF Score™ of 79/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Italian Wine Brands SpA's Sloan Ratio % compare to BF.B?
Italian Wine Brands SpA's Sloan Ratio % of -6.67% can be compared against companies in the Beverages - Alcoholic 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 Beverages - Alcoholic company?
A good Sloan Ratio % depends on the Beverages - Alcoholic 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 Italian Wine Brands SpA and its competitors. Italian Wine Brands SpA's current Sloan Ratio % is -6.67%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Italian Wine Brands SpA stock overvalued right now?
Based on GuruFocus' analysis, Italian Wine Brands SpA (MIL:IWB) is currently considered Modestly Undervalued. The stock's GF Value™ is €21.32, compared to a current price of €18.88 — trading 11.4% below its estimated fair value. The current Sloan Ratio % is -6.67%. Italian Wine Brands SpA's overall GF Score™ is 79/100 with 4 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 Italian Wine Brands SpA (MIL:IWB), the current Sloan Ratio % is -6.67% 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 Italian Wine Brands SpA (MIL:IWB) Overvalued in 2026?
Based on GuruFocus' analysis, Italian Wine Brands SpA stock appears to be undervalued.
The current stock price of €18.88 is trading 11.4% below its estimated GF Value™ of €21.32.
GuruFocus considers Italian Wine Brands SpA to be Modestly Undervalued.
Key valuation signals for MIL:IWB:
Sloan Ratio %: -6.67%
GF Value™: €21.32 vs. price of €18.88 (11.4% below fair value)
No single metric tells the full story. See the MIL:IWB stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Italian Wine Brands SpA through its subsidiaries is engaged in the production and distribution of wine in Italy. The group works through two different sales channels namely Distance Selling and Wholesale. The company also offers gourmet food products, coffee, and extra virgin olive oil, to Terre dei Gigli and Italian Art Cafe brands. The company operates in Europe and rest of the world.
79GF Score
Get the complete analysis for MIL:IWB
Sloan Ratio % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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