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, Philippine Bank of Communications has a Sloan Ratio of -0.82%, indicating the company is in the safe zone and there is no funny business with accruals.
Philippine Bank of Communications (PHS:PBC) 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, Philippine Bank of Communications has a Sloan Ratio of -0.82%, indicating the company is in the safe zone and there is no funny business with accruals.
Philippine Bank of Communications Sloan Ratio % Related Terms
Philippine Bank of Communications 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.
Philippine Bank of Communications Sloan Ratio % Chart
For the Banks - Regional subindustry, Philippine Bank of Communications'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.
Philippine Bank of Communications Sloan Ratio % vs Banks Industry
For the Banks industry and Financial Services sector, Philippine Bank of Communications's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Philippine Bank of Communications's Sloan Ratio % falls into.
Philippine Bank of Communications 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.
Philippine Bank of Communications's Net Income for the trailing twelve months (TTM) ended in Mar. 2026 was 433.515 (Jun. 2025 ) + 691.8 (Sep. 2025 ) + 949.695 (Dec. 2025 ) + 402.13 (Mar. 2026 ) = ₱2,477 Mil.
Philippine Bank of Communications's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was 6292.733 (Jun. 2025 ) + 10225.024 (Sep. 2025 ) + -4011.002 (Dec. 2025 ) + 5747.335 (Mar. 2026 ) = ₱18,254 Mil.
Philippine Bank of Communications's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2026 was -8235.244 (Jun. 2025 ) + -10618.146 (Sep. 2025 ) + -1488.998 (Dec. 2025 ) + 6117.248 (Mar. 2026 ) = ₱-14,225 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.
Philippine Bank of Communications (PHS:PBC) has a Sloan Ratio % of -0.82% as of Mar. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Philippine Bank of Communications and its competitors.
Is Philippine Bank of Communications' Sloan Ratio % too high?
Philippine Bank of Communications' current Sloan Ratio % is -0.82%. Overall, Philippine Bank of Communications has a GF Score™ of 62/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Philippine Bank of Communications' Sloan Ratio % compare to PNC and USB?
Philippine Bank of Communications' Sloan Ratio % of -0.82% can be compared against companies in the Banks 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 Banks company?
A good Sloan Ratio % depends on the Banks 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 Philippine Bank of Communications and its competitors. Philippine Bank of Communications's current Sloan Ratio % is -0.82%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Philippine Bank of Communications stock overvalued right now?
Based on GuruFocus' analysis, Philippine Bank of Communications (PHS:PBC) is currently considered Modestly Undervalued. The stock's GF Value™ is ₱20.04, compared to a current price of ₱14.80 — trading 26.1% below its estimated fair value. The current Sloan Ratio % is -0.82%. Philippine Bank of Communications' overall GF Score™ is 62/100 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 Philippine Bank of Communications (PHS:PBC), the current Sloan Ratio % is -0.82% 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 Philippine Bank of Communications (PHS:PBC) Overvalued in 2026?
Based on GuruFocus' analysis, Philippine Bank of Communications stock appears to be undervalued.
The current stock price of ₱14.80 is trading 26.1% below its estimated GF Value™ of ₱20.04.
GuruFocus considers Philippine Bank of Communications to be Modestly Undervalued.
Key valuation signals for PHS:PBC:
Sloan Ratio %: -0.82%
GF Value™: ₱20.04 vs. price of ₱14.80 (26.1% below fair value)
No single metric tells the full story. See the PHS:PBC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Philippine Bank of Communications Business Description
Philippine Bank of Communications is a banking corporation registered in the Philippines. It is engaged in providing retail and commercial banking services such as savings, deposits, current accounts, cash management, checking, time deposit accounts, and debit cards. It also offers a wide range-of-products and services to clients. These include basic universal banking services such as deposit products, credit and loan facilities, trade-related services, treasury and foreign exchange trading, cash management services, and Trust and Investment Management services. It organizes its business into five segments, namely Branch Banking, Corporate Banking, Treasury, Consumer Finance, and Trust and Wealth Management. The company's revenue consists of interest income, dividends, fees, & commissions.
62GF Score
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