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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.
Guinness Nigeria's Sloan Ratio for the quarter that ended in Jun. 2026 was 0.00%.
Warning Sign:
When sloan ratio (-25.39)% higher than 25% or lower than -25%, earnings are more likely to be made up of accruals.
As of Jun. 2026, Guinness Nigeria has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
Guinness Nigeria (NSA:GUIN) 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, Guinness Nigeria has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
Guinness Nigeria Sloan Ratio % Related Terms
Guinness Nigeria Sloan Ratio % Historical Data
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The historical data trend for Guinness Nigeria'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 Beverages - Brewers subindustry, Guinness Nigeria'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.
Guinness Nigeria Sloan Ratio % vs Beverages - Alcoholic Industry
For the Beverages - Alcoholic industry and Consumer Defensive sector, Guinness Nigeria's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Guinness Nigeria'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.
Guinness Nigeria's Sloan Ratio for the fiscal year that ended in Jun. 2024 is calculated as
Guinness Nigeria's Net Income for the trailing twelve months (TTM) ended in Jun. 2026 was 9479.546 (Jun. 2025 ) + 10079.538 (Sep. 2025 ) + 10392.274 (Mar. 2026 ) + 14909.362 (Jun. 2026 ) = ₦44,861 Mil.
Guinness Nigeria's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 was 18941.05 (Jun. 2025 ) + 0 (Sep. 2025 ) + 13783.225 (Mar. 2026 ) + 29150.051 (Jun. 2026 ) = ₦61,874 Mil.
Guinness Nigeria's Cash Flow from Investing for the trailing twelve months (TTM) ended in Jun. 2026 was -7755.733 (Jun. 2025 ) + 0 (Sep. 2025 ) + -11482.875 (Mar. 2026 ) + -5266.095 (Jun. 2026 ) = ₦-24,505 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.
Guinness Nigeria (NSA:GUIN) has a Sloan Ratio % of 0.00% as of Jun. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Guinness Nigeria and its competitors.
Is Guinness Nigeria's Sloan Ratio % too high?
Guinness Nigeria's current Sloan Ratio % is 0.00%. Overall, Guinness Nigeria has a GF Score™ of 63/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Guinness Nigeria's Sloan Ratio % compare to STZ and TAP?
Guinness Nigeria's Sloan Ratio % of 0.00% can be compared against companies in the Beverages - Alcoholic 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 Beverages - Alcoholic company?
A good Sloan Ratio % depends on the Beverages - Alcoholic 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 Guinness Nigeria and its competitors. Guinness Nigeria's current Sloan Ratio % is 0.00%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Guinness Nigeria stock overvalued right now?
Based on GuruFocus' analysis, Guinness Nigeria (NSA:GUIN) is currently considered Significantly Overvalued. The stock's GF Value™ is ₦170.44, compared to a current price of ₦376.00 — trading 120.6% above its estimated fair value. The current Sloan Ratio % is 0.00%. Guinness Nigeria's overall GF Score™ is 63/100 with 1 warning sign 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 Guinness Nigeria (NSA:GUIN), the current Sloan Ratio % is 0.00% 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 Guinness Nigeria (NSA:GUIN) Overvalued in 2026?
Based on GuruFocus' analysis, Guinness Nigeria stock appears to be overvalued.
The current stock price of ₦376.00 is trading 120.6% above its estimated GF Value™ of ₦170.44.
GuruFocus considers Guinness Nigeria to be Significantly Overvalued.
Key valuation signals for NSA:GUIN:
Sloan Ratio %: 0.00%
GF Value™: ₦170.44 vs. price of ₦376.00 (120.6% above fair value)
No single metric tells the full story. See the NSA:GUIN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Guinness Nigeria PLC is a beverage manufacturing company. The company is engaged in brewing, packaging, marketing and selling of various beverage brand including Guinness Foreign Extra Stout, Guinness Smooth, Malta Guinness, Smirnoff Ice, Dubic Malt, Orijin Spirit Mixed Drink, Orijin Bitters, Baileys Delight, Gordons Moringa, Captain Morgan Gold and Don Royale among others. Geographically, it derives a majority of revenue from Nigeria.
63GF Score
Get the complete analysis for NSA:GUIN
Sloan Ratio % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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