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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 Mar. 2026, Chemical And Allied Products has a Sloan Ratio of -7.39%, indicating the company is in the safe zone and there is no funny business with accruals.
Chemical And Allied Products (NSA:CAPP) 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, Chemical And Allied Products has a Sloan Ratio of -7.39%, indicating the company is in the safe zone and there is no funny business with accruals.
Chemical And Allied Products Sloan Ratio % Related Terms
Chemical And Allied Products 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.
NSA:CAPP vs LIN, SHW, ECL: Sloan Ratio % Comparison
For the Specialty Chemicals subindustry, Chemical And Allied Products'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.
Chemical And Allied Products Sloan Ratio % vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Chemical And Allied Products's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Chemical And Allied Products's Sloan Ratio % falls into.
Chemical And Allied Products 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.
Chemical And Allied Products's Net Income for the trailing twelve months (TTM) ended in Mar. 2026 was 1382.46 (Jun. 2025 ) + 1146.029 (Sep. 2025 ) + 2439.43 (Dec. 2025 ) + 1578.842 (Mar. 2026 ) = ₦6,547 Mil.
Chemical And Allied Products's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was 1911.141 (Jun. 2025 ) + 1126.648 (Sep. 2025 ) + 4150.179 (Dec. 2025 ) + 1407.188 (Mar. 2026 ) = ₦8,595 Mil.
Chemical And Allied Products's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2026 was -196.286 (Jun. 2025 ) + 162.736 (Sep. 2025 ) + -8.204 (Dec. 2025 ) + -54.5 (Mar. 2026 ) = ₦-96 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.
Chemical And Allied Products (NSA:CAPP) has a Sloan Ratio % of -7.39% as of Mar. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Chemical And Allied Products and its competitors.
Is Chemical And Allied Products' Sloan Ratio % too high?
Chemical And Allied Products' current Sloan Ratio % is -7.39%. Overall, Chemical And Allied Products has a GF Score™ of 60/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Chemical And Allied Products' Sloan Ratio % compare to LIN and SHW?
Chemical And Allied Products' Sloan Ratio % of -7.39% can be compared against companies in the Chemicals 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 Chemicals company?
A good Sloan Ratio % depends on the Chemicals 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 Chemical And Allied Products and its competitors. Chemical And Allied Products's current Sloan Ratio % is -7.39%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Chemical And Allied Products stock overvalued right now?
Based on GuruFocus' analysis, Chemical And Allied Products (NSA:CAPP) is currently considered Significantly Overvalued. The stock's GF Value™ is ₦57.90, compared to a current price of ₦157.60 — trading 172.2% above its estimated fair value. The current Sloan Ratio % is -7.39%. Chemical And Allied Products' overall GF Score™ is 60/100. 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 Chemical And Allied Products (NSA:CAPP), the current Sloan Ratio % is -7.39% 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 Chemical And Allied Products (NSA:CAPP) Overvalued in 2026?
Based on GuruFocus' analysis, Chemical And Allied Products stock appears to be overvalued.
The current stock price of ₦157.60 is trading 172.2% above its estimated GF Value™ of ₦57.90.
GuruFocus considers Chemical And Allied Products to be Significantly Overvalued.
Key valuation signals for NSA:CAPP:
Sloan Ratio %: -7.39%
GF Value™: ₦57.90 vs. price of ₦157.60 (172.2% above fair value)
No single metric tells the full story. See the NSA:CAPP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Chemical And Allied Products PLC is involved in the manufacturing and sale of paints. The company has only one reportable segment for the sale of paints in Nigeria. The company is is a technological licensee of AkzoNobel Coatings International B.V. The company also operates in the marine and protective coatings segment through distribution of the Hempel brand. It operates within the premium and standard segments of the Paints and Coatings market with flagship brands such as Dulux positioned in the premium segment, Caplux and Sandtex in the standard segment. Its brands are Dulux, caplux, Sandtex, and HEMPEL. Geographically, it derives the majority of its revenue from Nigeria.
60GF Score
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