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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.
Smartoptics Group ASA's Sloan Ratio for the quarter that ended in Jun. 2026 was 1.79%.
As of Jun. 2026, Smartoptics Group ASA has a Sloan Ratio of 1.79%, indicating the company is in the safe zone and there is no funny business with accruals.
Smartoptics Group ASA (OTCPK:SMOPF) 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 Jun. 2026, Smartoptics Group ASA has a Sloan Ratio of 1.79%, indicating the company is in the safe zone and there is no funny business with accruals.
Smartoptics Group ASA Sloan Ratio % Related Terms
Smartoptics Group ASA Sloan Ratio % Historical Data
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The historical data trend for Smartoptics Group ASA'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 Communication Equipment subindustry, Smartoptics Group ASA'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.
Smartoptics Group ASA Sloan Ratio % vs Hardware Industry
For the Hardware industry and Technology sector, Smartoptics Group ASA's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Smartoptics Group ASA'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.
Smartoptics Group ASA's Sloan Ratio for the fiscal year that ended in Dec. 2025 is calculated as
Smartoptics Group ASA's Net Income for the trailing twelve months (TTM) ended in Jun. 2026 was 1.374 (Sep. 2025 ) + 2.806 (Dec. 2025 ) + 0.234 (Mar. 2026 ) + 2.782 (Jun. 2026 ) = $7.20 Mil.
Smartoptics Group ASA's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 was -0.425 (Sep. 2025 ) + 6.811 (Dec. 2025 ) + 2.233 (Mar. 2026 ) + 0.856 (Jun. 2026 ) = $9.48 Mil.
Smartoptics Group ASA's Cash Flow from Investing for the trailing twelve months (TTM) ended in Jun. 2026 was -0.707 (Sep. 2025 ) + -0.695 (Dec. 2025 ) + -0.968 (Mar. 2026 ) + -1.1 (Jun. 2026 ) = $-3.47 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.
Smartoptics Group ASA (SMOPF) has a Sloan Ratio % of 1.79% as of Jun. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Smartoptics Group ASA and its competitors.
Is Smartoptics Group ASA's Sloan Ratio % too high?
Smartoptics Group ASA's current Sloan Ratio % is 1.79%. Overall, Smartoptics Group ASA has a GF Score™ of 88/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Smartoptics Group ASA's Sloan Ratio % compare to CSCO and MSI?
Smartoptics Group ASA's Sloan Ratio % of 1.79% can be compared against companies in the Hardware 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 Hardware company?
A good Sloan Ratio % depends on the Hardware 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 Smartoptics Group ASA and its competitors. Smartoptics Group ASA's current Sloan Ratio % is 1.79%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Smartoptics Group ASA stock overvalued right now?
Based on GuruFocus' analysis, Smartoptics Group ASA (SMOPF) is currently considered Significantly Overvalued. The stock's GF Value™ is $3.00, compared to a current price of $4.68 — trading 55.8% above its estimated fair value. The current Sloan Ratio % is 1.79%. Smartoptics Group ASA's overall GF Score™ is 88/100 with 2 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 Smartoptics Group ASA (SMOPF), the current Sloan Ratio % is 1.79% as of Jun. 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 Smartoptics Group ASA (SMOPF) Overvalued in 2026?
Based on GuruFocus' analysis, Smartoptics Group ASA stock appears to be overvalued.
The current stock price of $4.68 is trading 55.8% above its estimated GF Value™ of $3.00.
GuruFocus considers Smartoptics Group ASA to be Significantly Overvalued.
Key valuation signals for SMOPF:
Sloan Ratio %: 1.79%
GF Value™: $3.00 vs. price of $4.68 (55.8% above fair value)
No single metric tells the full story. See the SMOPF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Smartoptics Group ASA provides optical networking solutions and devices for open networking. The company has three main product categories: Solutions, Optical Devices, and Software & Services. These products are used to construct various Enterprise, Governmental, DCI, Metro, and Regional networks. The Solutions consist of the DCP-R family, DCP-F family, DCP-M family, transponders, and Muxponders, as well as transceivers used in connection with the System projects. Optical devices consist of transceivers, passive filters, and accessories that are sold independently of products in the Solutions offering. Software and Services are closely related to Solutions, as customers buy a complete solution including a Software and Services package. Geographically works in America, EMEA, and APAC.
88GF Score
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