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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.
PSP Swiss Property AG's Sloan Ratio for the quarter that ended in Mar. 2026 was 2.06%.
As of Mar. 2026, PSP Swiss Property AG has a Sloan Ratio of 2.06%, indicating the company is in the safe zone and there is no funny business with accruals.
PSP Swiss Property AG (OTCPK:PSPSF) 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, PSP Swiss Property AG has a Sloan Ratio of 2.06%, indicating the company is in the safe zone and there is no funny business with accruals.
PSP Swiss Property AG Sloan Ratio % Related Terms
PSP Swiss Property AG Sloan Ratio % Historical Data
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The historical data trend for PSP Swiss Property AG'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.
PSPSF vs CBRE, BEKE, JLL: Sloan Ratio % Comparison
For the Real Estate Services subindustry, PSP Swiss Property AG'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.
PSP Swiss Property AG Sloan Ratio % vs Real Estate Industry
For the Real Estate industry and Real Estate sector, PSP Swiss Property AG's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where PSP Swiss Property AG'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.
PSP Swiss Property AG's Sloan Ratio for the fiscal year that ended in Dec. 2025 is calculated as
PSP Swiss Property AG's Net Income for the trailing twelve months (TTM) ended in Mar. 2026 was 164.501 (Jun. 2025 ) + 81.826 (Sep. 2025 ) + 186.963 (Dec. 2025 ) + 82.285 (Mar. 2026 ) = $515.6 Mil.
PSP Swiss Property AG's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was 86.84 (Jun. 2025 ) + 75.382 (Sep. 2025 ) + 75.574 (Dec. 2025 ) + 53.008 (Mar. 2026 ) = $290.8 Mil.
PSP Swiss Property AG's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2026 was -25.508 (Jun. 2025 ) + 7.62 (Sep. 2025 ) + -19.773 (Dec. 2025 ) + -10.131 (Mar. 2026 ) = $-47.8 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.
PSP Swiss Property AG (PSPSF) has a Sloan Ratio % of 2.06% as of Mar. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on PSP Swiss Property AG and its competitors.
Is PSP Swiss Property AG's Sloan Ratio % too high?
PSP Swiss Property AG's current Sloan Ratio % is 2.06%. Overall, PSP Swiss Property AG has a GF Score™ of 66/100, reflecting its overall financial health beyond just this single metric.
How does PSP Swiss Property AG's Sloan Ratio % compare to CBRE and BEKE?
PSP Swiss Property AG's Sloan Ratio % of 2.06% 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 PSP Swiss Property AG and its competitors. PSP Swiss Property AG's current Sloan Ratio % is 2.06%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PSP Swiss Property AG stock overvalued right now?
PSP Swiss Property AG (PSPSF) has a current Sloan Ratio % of 2.06%. The stock's GF Value™ is $151.66, compared to a current price of $180.89 — trading 19.3% above its estimated fair value. The current Sloan Ratio % is 2.06%. PSP Swiss Property AG's overall GF Score™ is 66/100 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 PSP Swiss Property AG (PSPSF), the current Sloan Ratio % is 2.06% 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 PSP Swiss Property AG (PSPSF) Overvalued in 2026?
Based on GuruFocus' analysis, PSP Swiss Property AG stock appears to be overvalued.
The current stock price of $180.89 is trading 19.3% above its estimated GF Value™ of $151.66.
Key valuation signals for PSPSF:
Sloan Ratio %: 2.06%
GF Value™: $151.66 vs. price of $180.89 (19.3% above fair value)
No single metric tells the full story. See the PSPSF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PSP Swiss Property AG is a general real estate company, with all its properties active in Switzerland. The company's operating segments are Real estate investments, Property management, and Holding. A majority of its revenue is generated from the Real estate investments segment, which comprises all properties of the Group, such as investment properties, investment properties for sale, own-used properties, development properties, as well as development projects for sale. Income in this segment is generated by the properties mainly in the form of rental income and net changes in fair value. The Property management segment includes all services and activities concerning the management of the company's real estate portfolio, and the Holding segment includes the traditional corporate functions.
66GF Score
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