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.
Cityland Development's Sloan Ratio for the quarter that ended in Mar. 2026 was 3.54%.
As of Mar. 2026, Cityland Development has a Sloan Ratio of 3.54%, indicating the company is in the safe zone and there is no funny business with accruals.
Cityland Development (PHS:CDC) 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, Cityland Development has a Sloan Ratio of 3.54%, indicating the company is in the safe zone and there is no funny business with accruals.
Cityland Development Sloan Ratio % Related Terms
Cityland Development Sloan Ratio % Historical Data
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The historical data trend for Cityland Development'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.
PHS:CDC vs CBRE, BEKE, JLL: Sloan Ratio % Comparison
For the Real Estate Services subindustry, Cityland Development'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.
Cityland Development Sloan Ratio % vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Cityland Development's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Cityland Development'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.
Cityland Development's Sloan Ratio for the fiscal year that ended in Dec. 2025 is calculated as
Cityland Development's Net Income for the trailing twelve months (TTM) ended in Mar. 2026 was 178.778 (Jun. 2025 ) + 206.009 (Sep. 2025 ) + 211.223 (Dec. 2025 ) + 187.532 (Mar. 2026 ) = ₱784 Mil.
Cityland Development's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was 129.687 (Jun. 2025 ) + 151.534 (Sep. 2025 ) + -35.626 (Dec. 2025 ) + -54.222 (Mar. 2026 ) = ₱191 Mil.
Cityland Development's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2026 was 211.727 (Jun. 2025 ) + -343.698 (Sep. 2025 ) + 100.872 (Dec. 2025 ) + 76.668 (Mar. 2026 ) = ₱46 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.
Cityland Development (PHS:CDC) has a Sloan Ratio % of 3.54% as of Mar. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Cityland Development and its competitors.
Is Cityland Development's Sloan Ratio % too high?
Cityland Development's current Sloan Ratio % is 3.54%. Overall, Cityland Development has a GF Score™ of 44/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Cityland Development's Sloan Ratio % compare to CBRE and BEKE?
Cityland Development's Sloan Ratio % of 3.54% can be compared against companies in the Real Estate 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 Real Estate company?
A good Sloan Ratio % depends on the Real Estate 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 Cityland Development and its competitors. Cityland Development's current Sloan Ratio % is 3.54%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cityland Development stock overvalued right now?
Based on GuruFocus' analysis, Cityland Development (PHS:CDC) is currently considered Modestly Undervalued. The stock's GF Value™ is ₱0.75, compared to a current price of ₱0.61 — trading 18.7% below its estimated fair value. The current Sloan Ratio % is 3.54%. Cityland Development's overall GF Score™ is 44/100 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 Cityland Development (PHS:CDC), the current Sloan Ratio % is 3.54% 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 Cityland Development (PHS:CDC) Overvalued in 2026?
Based on GuruFocus' analysis, Cityland Development stock appears to be undervalued.
The current stock price of ₱0.61 is trading 18.7% below its estimated GF Value™ of ₱0.75.
GuruFocus considers Cityland Development to be Modestly Undervalued.
Key valuation signals for PHS:CDC:
Sloan Ratio %: 3.54%
GF Value™: ₱0.75 vs. price of ₱0.61 (18.7% below fair value)
No single metric tells the full story. See the PHS:CDC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Cityland Development Corp operates as a real estate company that acquire, develop, improve, subdivide, cultivate, lease, sublease, sell, exchange, barter and/or dispose of agricultural, industrial, commercial, residential and other real properties, as well as to construct, improve, lease, sublease, sell and/or dispose of houses, buildings and other improvements thereon, and to manage and operate subdivisions and housing projects or otherwise engage in the financing and trading of real estate. Its operations are carried through the following segments: Sale of Real Estate Properties, Lease of Real Estate Properties, and Pension Plan Operations. The Company derives its revenues from the sale and lease of real estate properties and its investments in trust funds.
44GF Score
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