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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, Technical Publications Service SpA has a Sloan Ratio of 2.78%, indicating the company is in the safe zone and there is no funny business with accruals.
Technical Publications Service SpA (MIL:TPS) 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, Technical Publications Service SpA has a Sloan Ratio of 2.78%, indicating the company is in the safe zone and there is no funny business with accruals.
Technical Publications Service SpA Sloan Ratio % Related Terms
Technical Publications Service 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.
Technical Publications Service SpA Sloan Ratio % Chart
For the Airports & Air Services subindustry, Technical Publications Service 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.
Technical Publications Service SpA Sloan Ratio % vs Transportation Industry
For the Transportation industry and Industrials sector, Technical Publications Service SpA's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Technical Publications Service SpA's Sloan Ratio % falls into.
Technical Publications Service SpA 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 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.
Technical Publications Service SpA (MIL:TPS) has a Sloan Ratio % of 2.78% as of Dec. 2025. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Technical Publications Service SpA and its competitors.
Is Technical Publications Service SpA's Sloan Ratio % too high?
Technical Publications Service SpA's current Sloan Ratio % is 2.78%. Overall, Technical Publications Service SpA has a GF Score™ of 97/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Technical Publications Service SpA's Sloan Ratio % compare to JOBY and CAAP?
Technical Publications Service SpA's Sloan Ratio % of 2.78% can be compared against companies in the Transportation 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 Transportation company?
A good Sloan Ratio % depends on the Transportation 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 Technical Publications Service SpA and its competitors. Technical Publications Service SpA's current Sloan Ratio % is 2.78%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Technical Publications Service SpA stock overvalued right now?
Based on GuruFocus' analysis, Technical Publications Service SpA (MIL:TPS) is currently considered Fairly Valued. The stock's GF Value™ is €7.25, compared to a current price of €7.80 — trading 7.6% above its estimated fair value. The current Sloan Ratio % is 2.78%. Technical Publications Service SpA's overall GF Score™ is 97/100 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 Technical Publications Service SpA (MIL:TPS), the current Sloan Ratio % is 2.78% 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 Technical Publications Service SpA (MIL:TPS) Overvalued in 2026?
Based on GuruFocus' analysis, Technical Publications Service SpA stock appears to be overvalued.
The current stock price of €7.80 is trading 7.6% above its estimated GF Value™ of €7.25.
GuruFocus considers Technical Publications Service SpA to be Fairly Valued.
Key valuation signals for MIL:TPS:
Sloan Ratio %: 2.78%
GF Value™: €7.25 vs. price of €7.80 (7.6% above fair value)
No single metric tells the full story. See the MIL:TPS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Technical Publications Service SpA Business Description
Technical Publications Service SpA provides technical publications services to the aerospace industry. The company creates logistical support, use and maintenance manuals, spare parts catalogs, after-sales support documents, etc.
97GF 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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