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.
Concepcion Industrial's Sloan Ratio for the quarter that ended in Mar. 2026 was -0.25%.
As of Mar. 2026, Concepcion Industrial has a Sloan Ratio of -0.25%, indicating the company is in the safe zone and there is no funny business with accruals.
Concepcion Industrial (PHS:CIC) 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, Concepcion Industrial has a Sloan Ratio of -0.25%, indicating the company is in the safe zone and there is no funny business with accruals.
Concepcion Industrial Sloan Ratio % Related Terms
Concepcion Industrial Sloan Ratio % Historical Data
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The historical data trend for Concepcion Industrial'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.
For the Consumer Electronics subindustry, Concepcion Industrial'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.
Concepcion Industrial Sloan Ratio % vs Hardware Industry
For the Hardware industry and Technology sector, Concepcion Industrial's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Concepcion Industrial'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.
Concepcion Industrial's Sloan Ratio for the fiscal year that ended in Dec. 2025 is calculated as
Concepcion Industrial's Net Income for the trailing twelve months (TTM) ended in Mar. 2026 was 355.397 (Jun. 2025 ) + 107.164 (Sep. 2025 ) + 141.195 (Dec. 2025 ) + 99.182 (Mar. 2026 ) = ₱703 Mil.
Concepcion Industrial's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was 202.819 (Jun. 2025 ) + 337.314 (Sep. 2025 ) + 1129.551 (Dec. 2025 ) + -622.784 (Mar. 2026 ) = ₱1,047 Mil.
Concepcion Industrial's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2026 was -36.898 (Jun. 2025 ) + -125.68 (Sep. 2025 ) + -121.076 (Dec. 2025 ) + -20.534 (Mar. 2026 ) = ₱-304 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.
Concepcion Industrial (PHS:CIC) has a Sloan Ratio % of -0.25% as of Mar. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Concepcion Industrial and its competitors.
Is Concepcion Industrial's Sloan Ratio % too high?
Concepcion Industrial's current Sloan Ratio % is -0.25%. Overall, Concepcion Industrial has a GF Score™ of 75/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Concepcion Industrial's Sloan Ratio % compare to AAPL?
Concepcion Industrial's Sloan Ratio % of -0.25% can be compared against companies in the Hardware 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 Hardware company?
A good Sloan Ratio % depends on the Hardware 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 Concepcion Industrial and its competitors. Concepcion Industrial's current Sloan Ratio % is -0.25%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Concepcion Industrial stock overvalued right now?
Based on GuruFocus' analysis, Concepcion Industrial (PHS:CIC) is currently considered Modestly Undervalued. The stock's GF Value™ is ₱15.17, compared to a current price of ₱12.42 — trading 18.1% below its estimated fair value. The current Sloan Ratio % is -0.25%. Concepcion Industrial's overall GF Score™ is 75/100 with 3 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 Concepcion Industrial (PHS:CIC), the current Sloan Ratio % is -0.25% 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 Concepcion Industrial (PHS:CIC) Overvalued in 2026?
Based on GuruFocus' analysis, Concepcion Industrial stock appears to be undervalued.
The current stock price of ₱12.42 is trading 18.1% below its estimated GF Value™ of ₱15.17.
GuruFocus considers Concepcion Industrial to be Modestly Undervalued.
Key valuation signals for PHS:CIC:
Sloan Ratio %: -0.25%
GF Value™: ₱15.17 vs. price of ₱12.42 (18.1% below fair value)
No single metric tells the full story. See the PHS:CIC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Concepcion Industrial Corp, through its subsidiaries, is engaged in supplying residential and commercial solutions, such as air conditioning equipment, refrigerators, laundry, kitchen and small domestic appliances, and elevators and escalators. The segments of the group are consumer business, commercial business, and Others. Key revenue is generated from Consumer business segment which include products and related services include HVAC for consumer use, domestic refrigeration products, laundry, kitchen and small domestic appliances. The company generates revenues from sales of its air conditioning units and refrigeration units through its subsidiaries CCAC and CDI.
75GF Score
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