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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.
National Bank Of Malawi (MSW:NBM) 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, National Bank Of Malawi has a Sloan Ratio of 12.88%, indicating there is a warning stage of accrual build up.
National Bank Of Malawi Sloan Ratio % Related Terms
National Bank Of Malawi 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 Banks - Regional subindustry, National Bank Of Malawi'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.
National Bank Of Malawi Sloan Ratio % vs Banks Industry
For the Banks industry and Financial Services sector, National Bank Of Malawi's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where National Bank Of Malawi'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.
National Bank Of Malawi'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.
National Bank Of Malawi's Net Income for the trailing twelve months (TTM) ended in Jun. 2026 was 112196 (Dec. 2025 ) + 132533 (Jun. 2026 ) = MWK244,729 Mil.
National Bank Of Malawi's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 was -151610 (Dec. 2025 ) + 339900 (Jun. 2026 ) = MWK188,290 Mil.
National Bank Of Malawi's Cash Flow from Investing for the trailing twelve months (TTM) ended in Jun. 2026 was -169587 (Dec. 2025 ) + -141688 (Jun. 2026 ) = MWK-311,275 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.
National Bank Of Malawi (MSW:NBM) has a Sloan Ratio % of 12.88% as of Jun. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on National Bank Of Malawi and its competitors.
Is National Bank Of Malawi's Sloan Ratio % too high?
National Bank Of Malawi's current Sloan Ratio % is 12.88%. Overall, National Bank Of Malawi has a GF Score™ of 100/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does National Bank Of Malawi's Sloan Ratio % compare to USB and PNC?
National Bank Of Malawi's Sloan Ratio % of 12.88% can be compared against companies in the Banks 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 Banks company?
A good Sloan Ratio % depends on the Banks 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 National Bank Of Malawi and its competitors. National Bank Of Malawi's current Sloan Ratio % is 12.88%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is National Bank Of Malawi stock overvalued right now?
Based on GuruFocus' analysis, National Bank Of Malawi (MSW:NBM) is currently considered Modestly Undervalued. The stock's GF Value™ is MWK11,403.29, compared to a current price of MWK9,246.91 — trading 18.9% below its estimated fair value. The current Sloan Ratio % is 12.88%. National Bank Of Malawi's overall GF Score™ is 100/100 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 National Bank Of Malawi (MSW:NBM), the current Sloan Ratio % is 12.88% 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 National Bank Of Malawi (MSW:NBM) Overvalued in 2026?
Based on GuruFocus' analysis, National Bank Of Malawi stock appears to be undervalued.
The current stock price of MWK9,246.91 is trading 18.9% below its estimated GF Value™ of MWK11,403.29.
GuruFocus considers National Bank Of Malawi to be Modestly Undervalued.
Key valuation signals for MSW:NBM:
Sloan Ratio %: 12.88%
GF Value™: MWK11,403.29 vs. price of MWK9,246.91 (18.9% below fair value)
No single metric tells the full story. See the MSW:NBM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
National Bank Of Malawi PLC provides personal, corporate, and investment banking as well as stockbroking, insurance, and pension administration services in Malawi. Its business operations are divided into three segments including Retail and corporate banking that incorporates savings, deposits, investment savings products, consumer loans, current accounts, overdrafts, loans, and other credit facilities, trade finance, and corporate leasing; Treasury segment offers financial instruments trading, dealings in foreign currency, stock broking and derivative products; and Other operations comprising fund management, custodial services and providing training services. Revenue from Retail and corporate banking is one of the majority sources of income for the Bank.
100GF 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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