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.
NetLink NBN Trust's Sloan Ratio for the quarter that ended in Mar. 2026 was -1.79%.
As of Mar. 2026, NetLink NBN Trust has a Sloan Ratio of -1.79%, indicating the company is in the safe zone and there is no funny business with accruals.
NetLink NBN Trust (OTCPK:NETLF) 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, NetLink NBN Trust has a Sloan Ratio of -1.79%, indicating the company is in the safe zone and there is no funny business with accruals.
NetLink NBN Trust Sloan Ratio % Related Terms
NetLink NBN Trust Sloan Ratio % Historical Data
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The historical data trend for NetLink NBN Trust'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.
For the Telecom Services subindustry, NetLink NBN Trust'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.
NetLink NBN Trust Sloan Ratio % vs Telecommunication Services Industry
For the Telecommunication Services industry and Communication Services sector, NetLink NBN Trust's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where NetLink NBN Trust'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.
NetLink NBN Trust's Sloan Ratio for the fiscal year that ended in Mar. 2026 is calculated as
For company reported semi-annually, GuruFocus uses latest two semi-annual data as the TTM data.
NetLink NBN Trust's Net Income for the trailing twelve months (TTM) ended in Mar. 2026 was 33.893 (Sep. 2025 ) + 31.078 (Mar. 2026 ) = $65.0 Mil.
NetLink NBN Trust's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was 84.52 (Sep. 2025 ) + 117.423 (Mar. 2026 ) = $201.9 Mil.
NetLink NBN Trust's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2026 was -44.683 (Sep. 2025 ) + -38.654 (Mar. 2026 ) = $-83.3 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.
NetLink NBN Trust (NETLF) has a Sloan Ratio % of -1.79% as of Mar. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on NetLink NBN Trust and its competitors.
Is NetLink NBN Trust's Sloan Ratio % too high?
NetLink NBN Trust's current Sloan Ratio % is -1.79%. Overall, NetLink NBN Trust has a GF Score™ of 32/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does NetLink NBN Trust's Sloan Ratio % compare to TMUS and VZ?
NetLink NBN Trust's Sloan Ratio % of -1.79% can be compared against companies in the Telecommunication Services 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 Telecommunication Services company?
A good Sloan Ratio % depends on the Telecommunication Services 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 NetLink NBN Trust and its competitors. NetLink NBN Trust's current Sloan Ratio % is -1.79%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NetLink NBN Trust stock overvalued right now?
Based on GuruFocus' analysis, NetLink NBN Trust (NETLF) is currently considered Modestly Overvalued. The stock's GF Value™ is $0.68, compared to a current price of $0.77 — trading 13.1% above its estimated fair value. The current Sloan Ratio % is -1.79%. NetLink NBN Trust's overall GF Score™ is 32/100 with 9 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 NetLink NBN Trust (NETLF), the current Sloan Ratio % is -1.79% 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 NetLink NBN Trust (NETLF) Overvalued in 2026?
Based on GuruFocus' analysis, NetLink NBN Trust stock appears to be overvalued.
The current stock price of $0.77 is trading 13.1% above its estimated GF Value™ of $0.68.
GuruFocus considers NetLink NBN Trust to be Modestly Overvalued.
Key valuation signals for NETLF:
Sloan Ratio %: -1.79%
GF Value™: $0.68 vs. price of $0.77 (13.1% above fair value)
No single metric tells the full story. See the NETLF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
NetLink NBN Trust is a national provider of internet service. It designs, builds, owns, and operates network infrastructure comprising ducts, manholes, and fiber cables. Its non-building address point (NBAP) applications include infrastructure for telecommunications operators such as wireless network base stations, cameras, sensors, signage, and outdoor kiosks. The company generates the majority of its revenue from Installation-related revenue and Ancillary project revenue. The company operates in Singapore, the USA, the UK, and the rest of the World.
32GF Score
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