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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.
SMC Global Securities's Sloan Ratio for the quarter that ended in Mar. 2026 was 0.00%.
As of Mar. 2026, SMC Global Securities has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
SMC Global Securities (NSE:SMCGLOBAL) 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 Mar. 2026, SMC Global Securities has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
SMC Global Securities Sloan Ratio % Related Terms
SMC Global Securities Sloan Ratio % Historical Data
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The historical data trend for SMC Global Securities'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:SMCGLOBAL vs MS, GS, SCHW: Sloan Ratio % Comparison
For the Capital Markets subindustry, SMC Global Securities'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.
SMC Global Securities Sloan Ratio % vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, SMC Global Securities's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where SMC Global Securities'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.
SMC Global Securities's Sloan Ratio for the fiscal year that ended in Mar. 2026 is calculated as
SMC Global Securities's Net Income for the trailing twelve months (TTM) ended in Mar. 2026 was 297.353 (Jun. 2025 ) + 206.58 (Sep. 2025 ) + 305.368 (Dec. 2025 ) + 210.829 (Mar. 2026 ) = ₹1,020 Mil.
SMC Global Securities's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was 0 (Jun. 2025 ) + 0 (Sep. 2025 ) + 0 (Dec. 2025 ) + 0 (Mar. 2026 ) = ₹0 Mil.
SMC Global Securities's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2026 was 0 (Jun. 2025 ) + 0 (Sep. 2025 ) + 0 (Dec. 2025 ) + 0 (Mar. 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.
SMC Global Securities (NSE:SMCGLOBAL) has a Sloan Ratio % of 0.00% as of Mar. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on SMC Global Securities and its competitors.
Is SMC Global Securities' Sloan Ratio % too high?
SMC Global Securities' current Sloan Ratio % is 0.00%. Overall, SMC Global Securities has a GF Score™ of 77/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does SMC Global Securities' Sloan Ratio % compare to MS and GS?
SMC Global Securities' Sloan Ratio % of 0.00% can be compared against companies in the Capital Markets 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 Capital Markets company?
A good Sloan Ratio % depends on the Capital Markets 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 SMC Global Securities and its competitors. SMC Global Securities'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 SMC Global Securities stock overvalued right now?
Based on GuruFocus' analysis, SMC Global Securities (NSE:SMCGLOBAL) is currently considered Modestly Overvalued. The stock's GF Value™ is ₹71.81, compared to a current price of ₹86.00 — trading 19.8% above its estimated fair value. The current Sloan Ratio % is 0.00%. SMC Global Securities' overall GF Score™ is 77/100 with 10 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 SMC Global Securities (NSE:SMCGLOBAL), the current Sloan Ratio % is 0.00% as of Mar. 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 SMC Global Securities (NSE:SMCGLOBAL) Overvalued in 2026?
Based on GuruFocus' analysis, SMC Global Securities stock appears to be overvalued.
The current stock price of ₹86.00 is trading 19.8% above its estimated GF Value™ of ₹71.81.
GuruFocus considers SMC Global Securities to be Modestly Overvalued.
Key valuation signals for NSE:SMCGLOBAL:
Sloan Ratio %: 0.00%
GF Value™: ₹71.81 vs. price of ₹86.00 (19.8% above fair value)
No single metric tells the full story. See the NSE:SMCGLOBAL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
SMC Global Securities Ltd is a diversified financial services company in India. It provides broking, distribution and trading services, including brokerage services in equity, derivative, commodity and currency segments on stock exchanges in India and abroad, clearing services, depository participant services, fund management, wealth management, distribution of financial products such as mutual funds and initial public offerings, financing, mortgage and loan advisory, real estate brokerage, and investment banking services for middle-class to high-net-worth individuals. Its primary business segments are Broking, Distribution and Trading, Insurance Broking Services, and Financing Activities. The company generates the majority of its revenue from the Broking, Distribution and Trading segment.
77GF Score
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