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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.
Unilever Nigeria's Sloan Ratio for the quarter that ended in Dec. 2025 was -10.57%.
As of Dec. 2025, Unilever Nigeria has a Sloan Ratio of -10.57%, indicating there is a warning stage of accrual build up.
Unilever Nigeria (NSA:LEVBROS) 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 Dec. 2025, Unilever Nigeria has a Sloan Ratio of -10.57%, indicating there is a warning stage of accrual build up.
Unilever Nigeria Sloan Ratio % Related Terms
Unilever Nigeria Sloan Ratio % Historical Data
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The historical data trend for Unilever 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.
NSA:LEVBROS vs PG, CL, KVUE: Sloan Ratio % Comparison
For the Household & Personal Products subindustry, Unilever 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.
Unilever Nigeria Sloan Ratio % vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Unilever Nigeria's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Unilever 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.
Unilever Nigeria's Sloan Ratio for the fiscal year that ended in Dec. 2025 is calculated as
Unilever Nigeria's Net Income for the trailing twelve months (TTM) ended in Dec. 2025 was 5552 (Mar. 2025 ) + 8853 (Jun. 2025 ) + 7576.075 (Sep. 2025 ) + 10217.525 (Dec. 2025 ) = ₦32,199 Mil.
Unilever Nigeria's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2025 was 9565 (Mar. 2025 ) + 7872 (Jun. 2025 ) + 15390.272 (Sep. 2025 ) + 13070.511 (Dec. 2025 ) = ₦45,898 Mil.
Unilever Nigeria's Cash Flow from Investing for the trailing twelve months (TTM) ended in Dec. 2025 was 1815 (Mar. 2025 ) + 2154 (Jun. 2025 ) + 2402.408 (Sep. 2025 ) + -1030.254 (Dec. 2025 ) = ₦5,341 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.
Unilever Nigeria (NSA:LEVBROS) has a Sloan Ratio % of -10.57% as of Dec. 2025. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Unilever Nigeria and its competitors.
Is Unilever Nigeria's Sloan Ratio % too high?
Unilever Nigeria's current Sloan Ratio % is -10.57%. Overall, Unilever Nigeria has a GF Score™ of 75/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Unilever Nigeria's Sloan Ratio % compare to PG and CL?
Unilever Nigeria's Sloan Ratio % of -10.57% can be compared against companies in the Consumer Packaged Goods 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 Consumer Packaged Goods company?
A good Sloan Ratio % depends on the Consumer Packaged Goods 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 Unilever Nigeria and its competitors. Unilever Nigeria's current Sloan Ratio % is -10.57%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Unilever Nigeria stock overvalued right now?
Based on GuruFocus' analysis, Unilever Nigeria (NSA:LEVBROS) is currently considered Significantly Overvalued. The stock's GF Value™ is ₦52.75, compared to a current price of ₦145.95 — trading 176.7% above its estimated fair value. The current Sloan Ratio % is -10.57%. Unilever Nigeria's overall GF Score™ is 75/100 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 Unilever Nigeria (NSA:LEVBROS), the current Sloan Ratio % is -10.57% as of Dec. 2025. 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 Unilever Nigeria (NSA:LEVBROS) Overvalued in 2026?
Based on GuruFocus' analysis, Unilever Nigeria stock appears to be overvalued.
The current stock price of ₦145.95 is trading 176.7% above its estimated GF Value™ of ₦52.75.
GuruFocus considers Unilever Nigeria to be Significantly Overvalued.
Key valuation signals for NSA:LEVBROS:
Sloan Ratio %: -10.57%
GF Value™: ₦52.75 vs. price of ₦145.95 (176.7% above fair value)
No single metric tells the full story. See the NSA:LEVBROS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Unilever Nigeria PLC is principally involved in the manufacture and marketing of Nutrition, Beauty & Wellbeing, and Personal Care products. It has manufacturing sites in Oregun, Lagos State, and Agbara, Ogun State. The company's operating segments are: Foods, Personal Care, and Beauty & Wellbeing. Maximum revenue is generated from the Foods segment, which includes the sale of savoury products. The Personal Care segment includes the sale of oral care and deodorant products, and the Beauty & Wellbeing segment includes sales of skin care products. Geographically, the company generates maximum revenue from its business in Nigeria, and to a lesser extent, also exports its products to other countries.
75GF 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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