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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 Jun. 2026, Associated Alcohols & Breweries has a Sloan Ratio of %, indicating the company is in the safe zone and there is no funny business with accruals.
Associated Alcohols & Breweries (NSE:ASALCBR) 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, Associated Alcohols & Breweries has a Sloan Ratio of %, indicating the company is in the safe zone and there is no funny business with accruals.
Associated Alcohols & Breweries Sloan Ratio % Related Terms
Associated Alcohols & Breweries 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.
Associated Alcohols & Breweries Sloan Ratio % Chart
For the Beverages - Wineries & Distilleries subindustry, Associated Alcohols & Breweries'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.
Associated Alcohols & Breweries Sloan Ratio % vs Beverages - Alcoholic Industry
For the Beverages - Alcoholic industry and Consumer Defensive sector, Associated Alcohols & Breweries's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Associated Alcohols & Breweries's Sloan Ratio % falls into.
Associated Alcohols & Breweries 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.
* 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.
Associated Alcohols & Breweries (NSE:ASALCBR) has a Sloan Ratio % of % as of Jun. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Associated Alcohols & Breweries and its competitors.
Is Associated Alcohols & Breweries' Sloan Ratio % too high?
Associated Alcohols & Breweries' current Sloan Ratio % is %. Overall, Associated Alcohols & Breweries has a GF Score™ of 92/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Associated Alcohols & Breweries' Sloan Ratio % compare to BF.B?
Associated Alcohols & Breweries' Sloan Ratio % of % 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 Associated Alcohols & Breweries and its competitors. Associated Alcohols & Breweries's current Sloan Ratio % is %. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Associated Alcohols & Breweries stock overvalued right now?
Based on GuruFocus' analysis, Associated Alcohols & Breweries (NSE:ASALCBR) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹898.76, compared to a current price of ₹659.55 — trading 26.6% below its estimated fair value. The current Sloan Ratio % is %. Associated Alcohols & Breweries' overall GF Score™ is 92/100 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 Associated Alcohols & Breweries (NSE:ASALCBR), the current Sloan Ratio % is % 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 Associated Alcohols & Breweries (NSE:ASALCBR) Overvalued in 2026?
Based on GuruFocus' analysis, Associated Alcohols & Breweries stock appears to be undervalued.
The current stock price of ₹659.55 is trading 26.6% below its estimated GF Value™ of ₹898.76.
GuruFocus considers Associated Alcohols & Breweries to be Modestly Undervalued.
Key valuation signals for NSE:ASALCBR:
Sloan Ratio %: %
GF Value™: ₹898.76 vs. price of ₹659.55 (26.6% below fair value)
No single metric tells the full story. See the NSE:ASALCBR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Associated Alcohols & Breweries Ltd is engaged in the manufacturing of liquor. The company operates in two business segments, that is Potable Alcohol and Ethanol. Geographically, it derives a majority of revenue from India, also it derives the majority of the revenue from the Potable Alcohols segment. The company brands include Central Province Whisky, Titanium, Bombay Special Whisky, Desi Madira Masala, Superman Fine Whisky, James MC Gill Whisky, and Jamaican Magic Rum.
92GF Score
Get the complete analysis for NSE:ASALCBR
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