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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.
New England Realty Associates LP (AMEX:NEN) 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 Mar. 2026, New England Realty Associates LP has a Sloan Ratio of 10.14%, indicating there is a warning stage of accrual build up.
New England Realty Associates LP Sloan Ratio % Related Terms
New England Realty Associates LP 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.
New England Realty Associates LP Sloan Ratio % Chart
For the Real Estate Services subindustry, New England Realty Associates LP'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.
New England Realty Associates LP Sloan Ratio % vs Real Estate Industry
For the Real Estate industry and Real Estate sector, New England Realty Associates LP's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where New England Realty Associates LP's Sloan Ratio % falls into.
New England Realty Associates LP 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.
New England Realty Associates LP's Net Income for the trailing twelve months (TTM) ended in Mar. 2026 was 4.15 (Jun. 2025 ) + -0.522 (Sep. 2025 ) + -1.393 (Dec. 2025 ) + -3.908 (Mar. 2026 ) = $-1.67 Mil.
New England Realty Associates LP's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was 12.531 (Jun. 2025 ) + 2.347 (Sep. 2025 ) + 7.3 (Dec. 2025 ) + 2.307 (Mar. 2026 ) = $24.49 Mil.
New England Realty Associates LP's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2026 was -62.116 (Jun. 2025 ) + -4.021 (Sep. 2025 ) + -9.375 (Dec. 2025 ) + -1.074 (Mar. 2026 ) = $-76.59 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.
New England Realty Associates LP (NEN) has a Sloan Ratio % of 10.14% as of Mar. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on New England Realty Associates LP and its competitors.
Is New England Realty Associates LP's Sloan Ratio % too high?
New England Realty Associates LP's current Sloan Ratio % is 10.14%. Overall, New England Realty Associates LP has a GF Score™ of 63/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does New England Realty Associates LP's Sloan Ratio % compare to RMAX and DOUG?
New England Realty Associates LP's Sloan Ratio % of 10.14% can be compared against companies in the Real Estate 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 Real Estate company?
A good Sloan Ratio % depends on the Real Estate 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 New England Realty Associates LP and its competitors. New England Realty Associates LP's current Sloan Ratio % is 10.14%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is New England Realty Associates LP stock overvalued right now?
Based on GuruFocus' analysis, New England Realty Associates LP (NEN) is currently considered Possible Value Trap. The stock's GF Value™ is $92.44, compared to a current price of $56.30 — trading 39.1% below its estimated fair value. The current Sloan Ratio % is 10.14%. New England Realty Associates LP's overall GF Score™ is 63/100 with 5 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 New England Realty Associates LP (NEN), the current Sloan Ratio % is 10.14% as of Mar. 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 New England Realty Associates LP (NEN) Overvalued in 2026?
Based on GuruFocus' analysis, New England Realty Associates LP stock appears to be undervalued.
The current stock price of $56.30 is trading 39.1% below its estimated GF Value™ of $92.44.
GuruFocus considers New England Realty Associates LP to be Possible Value Trap.
Key valuation signals for NEN:
Sloan Ratio %: 10.14%
GF Value™: $92.44 vs. price of $56.30 (39.1% below fair value)
No single metric tells the full story. See the NEN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
New England Realty Associates LP is engaged in the business of acquiring, developing, holding for investment, operating, and selling real estate. The Partnership owns and operates various residential apartments, condominium units, and commercial properties located in Massachusetts and New Hampshire. The company generates revenue from rental income from residential and commercial properties recognized over the term of the related lease. The long-term goals of the Partnership are to manage, rent, and improve its properties and to acquire additional properties with income and capital appreciation potential as suitable opportunities arise.
63GF 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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