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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, IRB Infrastructure Developers has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
IRB Infrastructure Developers (NSE:IRB) 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, IRB Infrastructure Developers has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
IRB Infrastructure Developers Sloan Ratio % Related Terms
IRB Infrastructure Developers 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.
IRB Infrastructure Developers Sloan Ratio % Competitor Comparison
For the Infrastructure Operations subindustry, IRB Infrastructure Developers'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.
IRB Infrastructure Developers Sloan Ratio % vs Construction Industry
For the Construction industry and Industrials sector, IRB Infrastructure Developers's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where IRB Infrastructure Developers's Sloan Ratio % falls into.
IRB Infrastructure Developers 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.
IRB Infrastructure Developers's Net Income for the trailing twelve months (TTM) ended in Jun. 2026 was 1408.24 (Sep. 2025 ) + 2107.9 (Dec. 2025 ) + 2962.59 (Mar. 2026 ) + 3062.7 (Jun. 2026 ) = ₹9,541 Mil.
IRB Infrastructure Developers'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.
IRB Infrastructure Developers'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.
IRB Infrastructure Developers (NSE:IRB) 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 IRB Infrastructure Developers and its competitors.
Is IRB Infrastructure Developers' Sloan Ratio % too high?
IRB Infrastructure Developers' current Sloan Ratio % is 0.00%. Overall, IRB Infrastructure Developers has a GF Score™ of 70/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does IRB Infrastructure Developers' Sloan Ratio % compare to competitors?
IRB Infrastructure Developers' Sloan Ratio % of 0.00% can be compared against companies in the Construction 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 Construction company?
A good Sloan Ratio % depends on the Construction 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 IRB Infrastructure Developers and its competitors. IRB Infrastructure Developers'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 IRB Infrastructure Developers stock overvalued right now?
Based on GuruFocus' analysis, IRB Infrastructure Developers (NSE:IRB) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹21.37, compared to a current price of ₹18.81 — trading 12% below its estimated fair value. The current Sloan Ratio % is 0.00%. IRB Infrastructure Developers' overall GF Score™ is 70/100 with 8 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 IRB Infrastructure Developers (NSE:IRB), 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 IRB Infrastructure Developers (NSE:IRB) Overvalued in 2026?
Based on GuruFocus' analysis, IRB Infrastructure Developers stock appears to be undervalued.
The current stock price of ₹18.81 is trading 12% below its estimated GF Value™ of ₹21.37.
GuruFocus considers IRB Infrastructure Developers to be Modestly Undervalued.
Key valuation signals for NSE:IRB:
Sloan Ratio %: 0.00%
GF Value™: ₹21.37 vs. price of ₹18.81 (12% below fair value)
No single metric tells the full story. See the NSE:IRB stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
IRB Infrastructure Developers Ltd is an infrastructure and construction company. The company organizes itself into segments: Built, Operate and Transfer (BOT)/ Toll, Operate and Transfer (TOT) segment consist of operation and maintenance of roads; InvITs & Related Assets segment consists of investments in units of IRB Infrastructure Trust, IRB InvIT Fund and other related assets; and Construction segment consists of development and maintenance of roads. It derives maximum revenue from Construction segment.
70GF Score
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