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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.
Speb Adhesives's Sloan Ratio for the quarter that ended in Mar. 2026 was 21.78%.
As of Mar. 2026, Speb Adhesives has a Sloan Ratio of 21.78%, indicating there is a warning stage of accrual build up.
Speb Adhesives (NSE:SPEB) 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, Speb Adhesives has a Sloan Ratio of 21.78%, indicating there is a warning stage of accrual build up.
Speb Adhesives Sloan Ratio % Related Terms
Speb Adhesives Sloan Ratio % Historical Data
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The historical data trend for Speb Adhesives'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:SPEB vs LIN, SHW, ECL: Sloan Ratio % Comparison
For the Specialty Chemicals subindustry, Speb Adhesives'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.
Speb Adhesives Sloan Ratio % vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Speb Adhesives's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Speb Adhesives'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.
Speb Adhesives's Sloan Ratio for the fiscal year that ended in Mar. 2026 is calculated as
For company reported semi-annually, GuruFocus uses latest two semi-annual data as the TTM data.
Speb Adhesives's Net Income for the trailing twelve months (TTM) ended in Mar. 2026 was 36.519 (Sep. 2025 ) + 32.139 (Mar. 2026 ) = ₹68.7 Mil.
Speb Adhesives's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was -1.429 (Sep. 2025 ) + 48.877 (Mar. 2026 ) = ₹47.4 Mil.
Speb Adhesives's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2026 was -15.295 (Sep. 2025 ) + -89.777 (Mar. 2026 ) = ₹-105.1 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.
Speb Adhesives (NSE:SPEB) has a Sloan Ratio % of 21.78% as of Mar. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Speb Adhesives and its competitors.
Is Speb Adhesives' Sloan Ratio % too high?
Speb Adhesives' current Sloan Ratio % is 21.78%. Overall, Speb Adhesives has a GF Score™ of 22/100, reflecting its overall financial health beyond just this single metric.
How does Speb Adhesives' Sloan Ratio % compare to LIN and SHW?
Speb Adhesives' Sloan Ratio % of 21.78% can be compared against companies in the Chemicals 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 Chemicals company?
A good Sloan Ratio % depends on the Chemicals 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 Speb Adhesives and its competitors. Speb Adhesives's current Sloan Ratio % is 21.78%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Speb Adhesives stock overvalued right now?
Speb Adhesives (NSE:SPEB) has a current Sloan Ratio % of 21.78%. The current Sloan Ratio % is 21.78%. Speb Adhesives' overall GF Score™ is 22/100 with 4 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 Speb Adhesives (NSE:SPEB), the current Sloan Ratio % is 21.78% 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.
Speb Adhesives Ltd is engaged in the manufacturing of solvent-based synthetic rubber adhesives and offers water-based adhesives. The company focuses on in-house manufacturing of solvent-based adhesives, with water-based adhesives being produced on a contractual manufacturing basis. Its product portfolio includes various products customized for industrial and retail applications, such as multi-purpose adhesives, spray-grade adhesives, premium bonding adhesives, Ducting and Insulation adhesives, woodworking adhesives, footwear-grade adhesives, and adhesives used in Generator Sets. The company operates a B2B model through three business channels: dealer-distribution network, industrial sales, and government supply contracts. It generates the majority of its revenue from overseas markets.
22GF Score
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