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.
Discovery World's Sloan Ratio for the quarter that ended in Mar. 2026 was -2.38%.
As of Mar. 2026, Discovery World has a Sloan Ratio of -2.38%, indicating the company is in the safe zone and there is no funny business with accruals.
Discovery World (PHS:DWC) 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, Discovery World has a Sloan Ratio of -2.38%, indicating the company is in the safe zone and there is no funny business with accruals.
Discovery World Sloan Ratio % Related Terms
Discovery World Sloan Ratio % Historical Data
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The historical data trend for Discovery World'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:DWC vs LVS, MGM, WYNN: Sloan Ratio % Comparison
For the Resorts & Casinos subindustry, Discovery World'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.
Discovery World Sloan Ratio % vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Discovery World's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Discovery World'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.
Discovery World's Sloan Ratio for the fiscal year that ended in Dec. 2025 is calculated as
Discovery World's Net Income for the trailing twelve months (TTM) ended in Mar. 2026 was -54.065 (Jun. 2025 ) + -211.954 (Sep. 2025 ) + -340.613 (Dec. 2025 ) + 1.731 (Mar. 2026 ) = ₱-605 Mil.
Discovery World's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was 50.439 (Jun. 2025 ) + 10.19 (Sep. 2025 ) + 48.749 (Dec. 2025 ) + 39.277 (Mar. 2026 ) = ₱149 Mil.
Discovery World's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2026 was -204.704 (Jun. 2025 ) + -45.331 (Sep. 2025 ) + -141.871 (Dec. 2025 ) + -18.077 (Mar. 2026 ) = ₱-410 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.
Discovery World (PHS:DWC) has a Sloan Ratio % of -2.38% as of Mar. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Discovery World and its competitors.
Is Discovery World's Sloan Ratio % too high?
Discovery World's current Sloan Ratio % is -2.38%. Overall, Discovery World has a GF Score™ of 48/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Discovery World's Sloan Ratio % compare to LVS and MGM?
Discovery World's Sloan Ratio % of -2.38% can be compared against companies in the Travel & Leisure 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 Travel & Leisure company?
A good Sloan Ratio % depends on the Travel & Leisure 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 Discovery World and its competitors. Discovery World's current Sloan Ratio % is -2.38%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Discovery World stock overvalued right now?
Based on GuruFocus' analysis, Discovery World (PHS:DWC) is currently considered Modestly Undervalued. The stock's GF Value™ is ₱1.17, compared to a current price of ₱0.93 — trading 20.5% below its estimated fair value. The current Sloan Ratio % is -2.38%. Discovery World's overall GF Score™ is 48/100 with 5 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 Discovery World (PHS:DWC), the current Sloan Ratio % is -2.38% 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 Discovery World (PHS:DWC) Overvalued in 2026?
Based on GuruFocus' analysis, Discovery World stock appears to be undervalued.
The current stock price of ₱0.93 is trading 20.5% below its estimated GF Value™ of ₱1.17.
GuruFocus considers Discovery World to be Modestly Undervalued.
Key valuation signals for PHS:DWC:
Sloan Ratio %: -2.38%
GF Value™: ₱1.17 vs. price of ₱0.93 (20.5% below fair value)
No single metric tells the full story. See the PHS:DWC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Discovery World Corporation is engaged in developing, investing in, owning, acquiring, administering, constructing, and operating hotels, resorts, apartelles, condominiums, townhouses, buildings, other tourist related structures, and their usual facilities, including the operation of transportation or shuttle services for tourists in all its various forms using automobiles, motor cars, buses, trucks, cruise lines, yachts, boats, luxury vessels, leisure, and sports crafts. The Company derives its revenues from the operations of Discovery Shores Boracay, Discovery Coron, Shoppes at Vanilla Beach, Discovery Fleet, Discovery Hospitality, and others.
48GF Score
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Sloan Ratio % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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