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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, National Highways Infra Trust has a Sloan Ratio of -0.66%, indicating the company is in the safe zone and there is no funny business with accruals.
National Highways Infra Trust (NSE:IVNHIT) 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, National Highways Infra Trust has a Sloan Ratio of -0.66%, indicating the company is in the safe zone and there is no funny business with accruals.
National Highways Infra Trust Sloan Ratio % Related Terms
National Highways Infra Trust 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.
NSE:IVNHIT vs EQIX, AMT, DLR: Sloan Ratio % Comparison
For the REIT - Specialty subindustry, National Highways Infra Trust'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.
National Highways Infra Trust Sloan Ratio % vs REITs Industry
For the REITs industry and Real Estate sector, National Highways Infra Trust's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where National Highways Infra Trust's Sloan Ratio % falls into.
National Highways Infra Trust 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.
National Highways Infra Trust's Net Income for the trailing twelve months (TTM) ended in Jun. 2026 was 1120.878 (Sep. 2025 ) + 2474.105 (Dec. 2025 ) + 2045.544 (Mar. 2026 ) + 2344.994 (Jun. 2026 ) = ₹7,986 Mil.
National Highways Infra Trust's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 was -20100.655 (Sep. 2025 ) + 9355.547 (Dec. 2025 ) + 10745.108 (Mar. 2026 ) + 11535.197 (Jun. 2026 ) = ₹11,535 Mil.
National Highways Infra Trust's Cash Flow from Investing for the trailing twelve months (TTM) ended in Jun. 2026 was 65292.667 (Sep. 2025 ) + -385.401 (Dec. 2025 ) + -64907.266 (Mar. 2026 ) + -171.296 (Jun. 2026 ) = ₹-171 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.
National Highways Infra Trust (NSE:IVNHIT) has a Sloan Ratio % of -0.66% as of Jun. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on National Highways Infra Trust and its competitors.
Is National Highways Infra Trust's Sloan Ratio % too high?
National Highways Infra Trust's current Sloan Ratio % is -0.66%. Overall, National Highways Infra Trust has a GF Score™ of 45/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does National Highways Infra Trust's Sloan Ratio % compare to EQIX and AMT?
National Highways Infra Trust's Sloan Ratio % of -0.66% can be compared against companies in the REITs 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 REITs company?
A good Sloan Ratio % depends on the REITs 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 National Highways Infra Trust and its competitors. National Highways Infra Trust's current Sloan Ratio % is -0.66%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is National Highways Infra Trust stock overvalued right now?
Based on GuruFocus' analysis, National Highways Infra Trust (NSE:IVNHIT) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹236.50, compared to a current price of ₹169.95 — trading 28.1% below its estimated fair value. The current Sloan Ratio % is -0.66%. National Highways Infra Trust's overall GF Score™ is 45/100 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 National Highways Infra Trust (NSE:IVNHIT), the current Sloan Ratio % is -0.66% 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 National Highways Infra Trust (NSE:IVNHIT) Overvalued in 2026?
Based on GuruFocus' analysis, National Highways Infra Trust stock appears to be undervalued.
The current stock price of ₹169.95 is trading 28.1% below its estimated GF Value™ of ₹236.50.
GuruFocus considers National Highways Infra Trust to be Modestly Undervalued.
Key valuation signals for NSE:IVNHIT:
Sloan Ratio %: -0.66%
GF Value™: ₹236.50 vs. price of ₹169.95 (28.1% below fair value)
No single metric tells the full story. See the NSE:IVNHIT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
National Highways Infra Trust is an infrastructure investment trust established for making investments in special purpose vehicles. Its projects include the Abu Road Project, Swaroopganj Project, Kota & Chittorgarh Bypass Project, Kurnool Highway Project, and Belgaum Project.
45GF Score
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