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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, Euro-Med Laboratories Philippines has a Sloan Ratio of -2.87%, indicating the company is in the safe zone and there is no funny business with accruals.
Euro-Med Laboratories Philippines (PHS:EURO) 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, Euro-Med Laboratories Philippines has a Sloan Ratio of -2.87%, indicating the company is in the safe zone and there is no funny business with accruals.
Euro-Med Laboratories Philippines Sloan Ratio % Related Terms
Euro-Med Laboratories Philippines 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.
Euro-Med Laboratories Philippines Sloan Ratio % Chart
PHS:EURO vs ZTS, UTHR, VTRS: Sloan Ratio % Comparison
For the Drug Manufacturers - Specialty & Generic subindustry, Euro-Med Laboratories Philippines'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.
Euro-Med Laboratories Philippines Sloan Ratio % vs Drug Manufacturers Industry
For the Drug Manufacturers industry and Healthcare sector, Euro-Med Laboratories Philippines's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Euro-Med Laboratories Philippines's Sloan Ratio % falls into.
Euro-Med Laboratories Philippines 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.
Euro-Med Laboratories Philippines's Net Income for the trailing twelve months (TTM) ended in Mar. 2026 was 93.567 (Jun. 2025 ) + 130.094 (Sep. 2025 ) + 180.608 (Dec. 2025 ) + 82.612 (Mar. 2026 ) = ₱487 Mil.
Euro-Med Laboratories Philippines's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was 251.792 (Jun. 2025 ) + -143.908 (Sep. 2025 ) + 647.363 (Dec. 2025 ) + 325.346 (Mar. 2026 ) = ₱1,081 Mil.
Euro-Med Laboratories Philippines's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2026 was -69.066 (Jun. 2025 ) + -48.69 (Sep. 2025 ) + -128.666 (Dec. 2025 ) + -27.917 (Mar. 2026 ) = ₱-274 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.
Euro-Med Laboratories Philippines (PHS:EURO) has a Sloan Ratio % of -2.87% as of Mar. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Euro-Med Laboratories Philippines and its competitors.
Is Euro-Med Laboratories Philippines' Sloan Ratio % too high?
Euro-Med Laboratories Philippines' current Sloan Ratio % is -2.87%. Overall, Euro-Med Laboratories Philippines has a GF Score™ of 81/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Euro-Med Laboratories Philippines' Sloan Ratio % compare to ZTS and UTHR?
Euro-Med Laboratories Philippines' Sloan Ratio % of -2.87% can be compared against companies in the Drug Manufacturers 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 Drug Manufacturers company?
A good Sloan Ratio % depends on the Drug Manufacturers 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 Euro-Med Laboratories Philippines and its competitors. Euro-Med Laboratories Philippines's current Sloan Ratio % is -2.87%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Euro-Med Laboratories Philippines stock overvalued right now?
Based on GuruFocus' analysis, Euro-Med Laboratories Philippines (PHS:EURO) is currently considered Fairly Valued. The stock's GF Value™ is ₱1.05, compared to a current price of ₱1.10 — trading 4.8% above its estimated fair value. The current Sloan Ratio % is -2.87%. Euro-Med Laboratories Philippines' overall GF Score™ is 81/100 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 Euro-Med Laboratories Philippines (PHS:EURO), the current Sloan Ratio % is -2.87% 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 Euro-Med Laboratories Philippines (PHS:EURO) Overvalued in 2026?
Based on GuruFocus' analysis, Euro-Med Laboratories Philippines stock appears to be overvalued.
The current stock price of ₱1.10 is trading 4.8% above its estimated GF Value™ of ₱1.05.
GuruFocus considers Euro-Med Laboratories Philippines to be Fairly Valued.
Key valuation signals for PHS:EURO:
Sloan Ratio %: -2.87%
GF Value™: ₱1.05 vs. price of ₱1.10 (4.8% above fair value)
No single metric tells the full story. See the PHS:EURO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Euro-Med Laboratories Philippines Inc is a pharmaceutical-based company that engages in the manufacture of pharmaceutical products such as large and small-volume parenterals and other solutions. The company also manufactures sterile water for injection, and other solutions such as ophthalmic, inhalation, irrigation, and dialysis. The Company also manufactures intravenous fluids in glass bottles, hemodialysis concentrates, ophthalmic products and disinfectants.
81GF Score
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