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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.
Bharat Forge's Sloan Ratio for the quarter that ended in Jun. 2026 was 0.00%.
As of Jun. 2026, Bharat Forge has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
Bharat Forge (NSE:BHARATFORG) 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, Bharat Forge has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
Bharat Forge Sloan Ratio % Related Terms
Bharat Forge Sloan Ratio % Historical Data
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The historical data trend for Bharat Forge'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.
NSE:BHARATFORG vs ORLY, AZO, GPC: Sloan Ratio % Comparison
For the Metal Fabrication subindustry, Bharat Forge'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.
Bharat Forge Sloan Ratio % vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Bharat Forge's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Bharat Forge'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.
Bharat Forge's Sloan Ratio for the fiscal year that ended in Mar. 2026 is calculated as
Bharat Forge's Net Income for the trailing twelve months (TTM) ended in Jun. 2026 was 2991.99 (Sep. 2025 ) + 2642.14 (Dec. 2025 ) + 2325.65 (Mar. 2026 ) + -897.27 (Jun. 2026 ) = ₹7,063 Mil.
Bharat Forge's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 was 0 (Sep. 2025 ) + 0 (Dec. 2025 ) + 0 (Mar. 2026 ) + 0 (Jun. 2026 ) = ₹0 Mil.
Bharat Forge's Cash Flow from Investing for the trailing twelve months (TTM) ended in Jun. 2026 was 0 (Sep. 2025 ) + 0 (Dec. 2025 ) + 0 (Mar. 2026 ) + 0 (Jun. 2026 ) = ₹0 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.
Bharat Forge (NSE:BHARATFORG) 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 Bharat Forge and its competitors.
Is Bharat Forge's Sloan Ratio % too high?
Bharat Forge's current Sloan Ratio % is 0.00%. Overall, Bharat Forge has a GF Score™ of 83/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Bharat Forge's Sloan Ratio % compare to ORLY and AZO?
Bharat Forge's Sloan Ratio % of 0.00% can be compared against companies in the Industrial Products 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 an Industrial Products company?
A good Sloan Ratio % depends on the Industrial Products 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 Bharat Forge and its competitors. Bharat Forge'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 Bharat Forge stock overvalued right now?
Based on GuruFocus' analysis, Bharat Forge (NSE:BHARATFORG) is currently considered Modestly Overvalued. The stock's GF Value™ is ₹1,568.60, compared to a current price of ₹1,979.60 — trading 26.2% above its estimated fair value. The current Sloan Ratio % is 0.00%. Bharat Forge's overall GF Score™ is 83/100 with 2 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 Bharat Forge (NSE:BHARATFORG), 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 Bharat Forge (NSE:BHARATFORG) Overvalued in 2026?
Based on GuruFocus' analysis, Bharat Forge stock appears to be overvalued.
The current stock price of ₹1,979.60 is trading 26.2% above its estimated GF Value™ of ₹1,568.60.
GuruFocus considers Bharat Forge to be Modestly Overvalued.
Key valuation signals for NSE:BHARATFORG:
Sloan Ratio %: 0.00%
GF Value™: ₹1,568.60 vs. price of ₹1,979.60 (26.2% above fair value)
No single metric tells the full story. See the NSE:BHARATFORG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Bharat Forge Ltd is an Indian multinational engaged in metal forging across different industries. The company has the following business units: automotive, power, oil and gas, construction and mining, rail, marine and aerospace. The automotive unit offers products including powertrain components, machines crankshafts, connecting rods, and piston. The Power business unit manufactures components for thermal, wind, hydro and nuclear applications. The Company divides its business into three reporting segments: "Forgings", "Defense", and "Others". The Forgings segment focuses on manufacturing forged components, while the Defense segment centers around defense-related activities. The "Others" segment encompasses all other businesses not covered by Forgings and Defense.
83GF Score
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