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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.
SSAB AB (publ)'s Sloan Ratio for the quarter that ended in Jun. 2026 was 3.68%.
As of Jun. 2026, SSAB AB (publ) has a Sloan Ratio of 3.68%, indicating the company is in the safe zone and there is no funny business with accruals.
SSAB AB (publ) (OTCPK:SSAAF) 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, SSAB AB (publ) has a Sloan Ratio of 3.68%, indicating the company is in the safe zone and there is no funny business with accruals.
SSAB AB (publ) Sloan Ratio % Related Terms
SSAB AB (publ) Sloan Ratio % Historical Data
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The historical data trend for SSAB AB (publ)'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 Steel subindustry, SSAB AB (publ)'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.
SSAB AB (publ) Sloan Ratio % vs Steel Industry
For the Steel industry and Basic Materials sector, SSAB AB (publ)'s Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where SSAB AB (publ)'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.
SSAB AB (publ)'s Sloan Ratio for the fiscal year that ended in Dec. 2025 is calculated as
SSAB AB (publ)'s Net Income for the trailing twelve months (TTM) ended in Jun. 2026 was 158.866 (Sep. 2025 ) + 46.699 (Dec. 2025 ) + 171.833 (Mar. 2026 ) + 218.696 (Jun. 2026 ) = $596 Mil.
SSAB AB (publ)'s Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 was 341.524 (Sep. 2025 ) + 566.633 (Dec. 2025 ) + 38.102 (Mar. 2026 ) + 351.847 (Jun. 2026 ) = $1,298 Mil.
SSAB AB (publ)'s Cash Flow from Investing for the trailing twelve months (TTM) ended in Jun. 2026 was -316.878 (Sep. 2025 ) + -445.58 (Dec. 2025 ) + -210.686 (Mar. 2026 ) + -160.79 (Jun. 2026 ) = $-1,134 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.
SSAB AB (publ) (SSAAF) has a Sloan Ratio % of 3.68% as of Jun. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on SSAB AB (publ) and its competitors.
Is SSAB AB (publ)'s Sloan Ratio % too high?
SSAB AB (publ)'s current Sloan Ratio % is 3.68%. Overall, SSAB AB (publ) has a GF Score™ of 73/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does SSAB AB (publ)'s Sloan Ratio % compare to NUE and STLD?
SSAB AB (publ)'s Sloan Ratio % of 3.68% can be compared against companies in the Steel 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 Steel company?
A good Sloan Ratio % depends on the Steel 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 SSAB AB (publ) and its competitors. SSAB AB (publ)'s current Sloan Ratio % is 3.68%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SSAB AB (publ) stock overvalued right now?
Based on GuruFocus' analysis, SSAB AB (publ) (SSAAF) is currently considered Significantly Overvalued. The stock's GF Value™ is $5.62, compared to a current price of $9.33 — trading 66% above its estimated fair value. The current Sloan Ratio % is 3.68%. SSAB AB (publ)'s overall GF Score™ is 73/100 with 6 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 SSAB AB (publ) (SSAAF), the current Sloan Ratio % is 3.68% 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 SSAB AB (publ) (SSAAF) Overvalued in 2026?
Based on GuruFocus' analysis, SSAB AB (publ) stock appears to be overvalued.
The current stock price of $9.33 is trading 66% above its estimated GF Value™ of $5.62.
GuruFocus considers SSAB AB (publ) to be Significantly Overvalued.
Key valuation signals for SSAAF:
Sloan Ratio %: 3.68%
GF Value™: $5.62 vs. price of $9.33 (66% above fair value)
No single metric tells the full story. See the SSAAF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
SSAB AB (publ) is a Swedish steel producer specializing in high-strength and specialty steels for applications across industries like automotive, construction, heavy transport, mining, and energy. The company manufactures quenched and tempered steels, high-strength steels, heavy plates, strip products, and tubular goods through divisions including SSAB Special Steels, SSAB Europe, and SSAB Americas, Tibnor and Ruukki Construction with production sites mainly in Sweden, Finland, and the United States, Europe and rest of the world.
73GF Score
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