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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.
Siemens AG's Sloan Ratio for the quarter that ended in Mar. 2026 was 1.57%.
As of Mar. 2026, Siemens AG has a Sloan Ratio of 1.57%, indicating the company is in the safe zone and there is no funny business with accruals.
Siemens AG (OTCPK:SMAWF) 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, Siemens AG has a Sloan Ratio of 1.57%, indicating the company is in the safe zone and there is no funny business with accruals.
Siemens AG Sloan Ratio % Related Terms
Siemens AG Sloan Ratio % Historical Data
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The historical data trend for Siemens 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.
For the Specialty Industrial Machinery subindustry, Siemens 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.
Siemens AG Sloan Ratio % vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Siemens AG's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Siemens 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.
Siemens AG's Sloan Ratio for the fiscal year that ended in Sep. 2025 is calculated as
Siemens AG's Net Income for the trailing twelve months (TTM) ended in Mar. 2026 was 2359.862 (Jun. 2025 ) + 1900.235 (Sep. 2025 ) + 2377.049 (Dec. 2025 ) + 2343.353 (Mar. 2026 ) = $8,980 Mil.
Siemens AG's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was 4004.614 (Jun. 2025 ) + 7210.094 (Sep. 2025 ) + 1371.194 (Dec. 2025 ) + 2590.751 (Mar. 2026 ) = $15,177 Mil.
Siemens AG's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2026 was -1441.753 (Jun. 2025 ) + -6922.535 (Sep. 2025 ) + -494.145 (Dec. 2025 ) + -387.283 (Mar. 2026 ) = $-9,246 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.
Siemens AG (SMAWF) has a Sloan Ratio % of 1.57% as of Mar. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Siemens AG and its competitors.
Is Siemens AG's Sloan Ratio % too high?
Siemens AG's current Sloan Ratio % is 1.57%. Overall, Siemens AG has a GF Score™ of 84/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Siemens AG's Sloan Ratio % compare to GEV and ETN?
Siemens AG's Sloan Ratio % of 1.57% can be compared against companies in the Industrial Products 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 an Industrial Products company?
A good Sloan Ratio % depends on the Industrial Products 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 Siemens AG and its competitors. Siemens AG's current Sloan Ratio % is 1.57%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Siemens AG stock overvalued right now?
Based on GuruFocus' analysis, Siemens AG (SMAWF) is currently considered Significantly Overvalued. The stock's GF Value™ is $228.00, compared to a current price of $328.31 — trading 44% above its estimated fair value. The current Sloan Ratio % is 1.57%. Siemens AG's overall GF Score™ is 84/100 with 9 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 Siemens AG (SMAWF), the current Sloan Ratio % is 1.57% 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 Siemens AG (SMAWF) Overvalued in 2026?
Based on GuruFocus' analysis, Siemens AG stock appears to be overvalued.
The current stock price of $328.31 is trading 44% above its estimated GF Value™ of $228.00.
GuruFocus considers Siemens AG to be Significantly Overvalued.
Key valuation signals for SMAWF:
Sloan Ratio %: 1.57%
GF Value™: $228.00 vs. price of $328.31 (44% above fair value)
No single metric tells the full story. See the SMAWF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Siemens is a multi-industry company focused on the areas of automation, electrification, mobility, and healthcare. Its top three geographic regions—the United States, Germany, and China—contribute over half of group revenue. Siemens has a 71% investment in separately listed Siemens Healthineers. Recent portfolio activity included the listing of Siemens Energy, spinning out its power and gas and Siemens Gamesa business divisions in 2020.
84GF Score
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