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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 Mar. 2026, Cloudberry Clean Energy ASA has a Sloan Ratio of -2.10%, indicating the company is in the safe zone and there is no funny business with accruals.
Cloudberry Clean Energy ASA (OSL:CLOUD) 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, Cloudberry Clean Energy ASA has a Sloan Ratio of -2.10%, indicating the company is in the safe zone and there is no funny business with accruals.
Cloudberry Clean Energy ASA Sloan Ratio % Related Terms
Cloudberry Clean Energy ASA 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.
Cloudberry Clean Energy ASA Sloan Ratio % Competitor Comparison
For the Utilities - Renewable subindustry, Cloudberry Clean Energy ASA'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.
Cloudberry Clean Energy ASA Sloan Ratio % vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, Cloudberry Clean Energy ASA's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Cloudberry Clean Energy ASA's Sloan Ratio % falls into.
Cloudberry Clean Energy ASA 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.
Cloudberry Clean Energy ASA's Net Income for the trailing twelve months (TTM) ended in Mar. 2026 was -17 (Jun. 2025 ) + 89 (Sep. 2025 ) + -3 (Dec. 2025 ) + 92 (Mar. 2026 ) = kr161.0 Mil.
Cloudberry Clean Energy ASA's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was -15 (Jun. 2025 ) + 47 (Sep. 2025 ) + 106 (Dec. 2025 ) + 91 (Mar. 2026 ) = kr229.0 Mil.
Cloudberry Clean Energy ASA's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2026 was 240 (Jun. 2025 ) + -21 (Sep. 2025 ) + -18 (Dec. 2025 ) + -63 (Mar. 2026 ) = kr138.0 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.
Cloudberry Clean Energy ASA (OSL:CLOUD) has a Sloan Ratio % of -2.10% as of Mar. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Cloudberry Clean Energy ASA and its competitors.
Is Cloudberry Clean Energy ASA's Sloan Ratio % too high?
Cloudberry Clean Energy ASA's current Sloan Ratio % is -2.10%. Overall, Cloudberry Clean Energy ASA has a GF Score™ of 74/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Cloudberry Clean Energy ASA's Sloan Ratio % compare to competitors?
Cloudberry Clean Energy ASA's Sloan Ratio % of -2.10% can be compared against companies in the Utilities - Independent Power Producers 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 Utilities - Independent Power Producers company?
A good Sloan Ratio % depends on the Utilities - Independent Power Producers 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 Cloudberry Clean Energy ASA and its competitors. Cloudberry Clean Energy ASA's current Sloan Ratio % is -2.10%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cloudberry Clean Energy ASA stock overvalued right now?
Based on GuruFocus' analysis, Cloudberry Clean Energy ASA (OSL:CLOUD) is currently considered Modestly Undervalued. The stock's GF Value™ is kr18.09, compared to a current price of kr12.84 — trading 29% below its estimated fair value. The current Sloan Ratio % is -2.10%. Cloudberry Clean Energy ASA's overall GF Score™ is 74/100 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 Cloudberry Clean Energy ASA (OSL:CLOUD), the current Sloan Ratio % is -2.10% 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 Cloudberry Clean Energy ASA (OSL:CLOUD) Overvalued in 2026?
Based on GuruFocus' analysis, Cloudberry Clean Energy ASA stock appears to be undervalued.
The current stock price of kr12.84 is trading 29% below its estimated GF Value™ of kr18.09.
GuruFocus considers Cloudberry Clean Energy ASA to be Modestly Undervalued.
Key valuation signals for OSL:CLOUD:
Sloan Ratio %: -2.10%
GF Value™: kr18.09 vs. price of kr12.84 (29% below fair value)
No single metric tells the full story. See the OSL:CLOUD stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Cloudberry Clean Energy ASA is an independent power producer, developing, owning and operating renewable assets in the Nordics. The company is focused on developing, owning, and operating hydropower plants, wind farms, BESS and solar plants across Norway, Sweden, and Denmark. The company has four segments: Projects, Commercial, Asset Management and Corporate. The majority of revenue is derived from the Commercial segment, which owns and manages renewable power assets with long-term cash flows in the Nordics. Geographically, it generates the maximum revenue from Denmark, followed by Norway and Sweden.
74GF Score
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