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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.
Vietcap Securities JSC's Sloan Ratio for the quarter that ended in Jun. 2026 was 37.08%.
Warning Sign:
When sloan ratio (28.3)% higher than 25% or lower than -25%, earnings are more likely to be made up of accruals.
As of Jun. 2026, Vietcap Securities JSC has a Sloan Ratio of 37.08%, indicating earnings are more likely to be made up of accruals.
Vietcap Securities JSC (STC:VCI) 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, Vietcap Securities JSC has a Sloan Ratio of 37.08%, indicating earnings are more likely to be made up of accruals.
Vietcap Securities JSC Sloan Ratio % Related Terms
Vietcap Securities JSC 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.
For the Capital Markets subindustry, Vietcap Securities JSC'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.
Vietcap Securities JSC Sloan Ratio % vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Vietcap Securities JSC's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Vietcap Securities JSC'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.
Vietcap Securities JSC's Sloan Ratio for the fiscal year that ended in Dec. 2025 is calculated as
Vietcap Securities JSC's Net Income for the trailing twelve months (TTM) ended in Jun. 2026 was 420260.806 (Sep. 2025 ) + 442924.082 (Dec. 2025 ) + 340729.881 (Mar. 2026 ) + 250588.813 (Jun. 2026 ) = ₫1,454,504 Mil.
Vietcap Securities JSC's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 was -5129888.19 (Sep. 2025 ) + -3551668.355 (Dec. 2025 ) + -2900034.544 (Mar. 2026 ) + -1639844.64 (Jun. 2026 ) = ₫-13,221,436 Mil.
Vietcap Securities JSC's Cash Flow from Investing for the trailing twelve months (TTM) ended in Jun. 2026 was -8269.115 (Sep. 2025 ) + -21513.927 (Dec. 2025 ) + -19436.706 (Mar. 2026 ) + -7110.4 (Jun. 2026 ) = ₫-56,330 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.
Vietcap Securities JSC (STC:VCI) has a Sloan Ratio % of 37.08% as of Jun. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Vietcap Securities JSC and its competitors.
Is Vietcap Securities JSC's Sloan Ratio % too high?
Vietcap Securities JSC's current Sloan Ratio % is 37.08%. Overall, Vietcap Securities JSC has a GF Score™ of 94/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Vietcap Securities JSC's Sloan Ratio % compare to MS and GS?
Vietcap Securities JSC's Sloan Ratio % of 37.08% can be compared against companies in the Capital Markets 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 Capital Markets company?
A good Sloan Ratio % depends on the Capital Markets 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 Vietcap Securities JSC and its competitors. Vietcap Securities JSC's current Sloan Ratio % is 37.08%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Vietcap Securities JSC stock overvalued right now?
Based on GuruFocus' analysis, Vietcap Securities JSC (STC:VCI) is currently considered Modestly Undervalued. The stock's GF Value™ is ₫27,352.77, compared to a current price of ₫20,500.00 — trading 25.1% below its estimated fair value. The current Sloan Ratio % is 37.08%. Vietcap Securities JSC's overall GF Score™ is 94/100 with 10 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 Vietcap Securities JSC (STC:VCI), the current Sloan Ratio % is 37.08% 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 Vietcap Securities JSC (STC:VCI) Overvalued in 2026?
Based on GuruFocus' analysis, Vietcap Securities JSC stock appears to be undervalued.
The current stock price of ₫20,500.00 is trading 25.1% below its estimated GF Value™ of ₫27,352.77.
GuruFocus considers Vietcap Securities JSC to be Modestly Undervalued.
Key valuation signals for STC:VCI:
Sloan Ratio %: 37.08%
GF Value™: ₫27,352.77 vs. price of ₫20,500.00 (25.1% below fair value)
No single metric tells the full story. See the STC:VCI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Vietcap Securities JSC is engaged in the provision of financial services. The principal activities of the company are provision of securities brokerage service, proprietary securities trading, underwriting and securities custodian services, securities investment consultancy service and corporate finance consultancy service, margin lending service and derivatives trading. The company also offers individual and institutional brokerage services, such as sales and dealing, equities and fixed income, listed and OTC, IPOs, off-market, corporate access, and custody.
94GF Score
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Sloan Ratio % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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