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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.
As of Dec. 2025, Partners Group Holding AG has a Sloan Ratio of 2.11%, indicating the company is in the safe zone and there is no funny business with accruals.
Partners Group Holding AG (STU:P2H) 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 Dec. 2025, Partners Group Holding AG has a Sloan Ratio of 2.11%, indicating the company is in the safe zone and there is no funny business with accruals.
Partners Group Holding AG Sloan Ratio % Related Terms
Partners Group Holding AG 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 Asset Management subindustry, Partners Group Holding 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.
Partners Group Holding AG Sloan Ratio % vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Partners Group Holding AG's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Partners Group Holding AG's Sloan Ratio % falls into.
Partners Group Holding AG Sloan Ratio % Calculation
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.
Partners Group Holding AG's Sloan Ratio for the fiscal year that ended in Dec. 2025 is calculated as
For company reported semi-annually, GuruFocus uses latest two semi-annual data as the TTM data.
Partners Group Holding AG's Net Income for the trailing twelve months (TTM) ended in Dec. 2025 was 616.453 (Jun. 2025 ) + 731.403 (Dec. 2025 ) = €1,348 Mil.
Partners Group Holding AG's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2025 was 499.922 (Jun. 2025 ) + 1121.056 (Dec. 2025 ) = €1,621 Mil.
Partners Group Holding AG's Cash Flow from Investing for the trailing twelve months (TTM) ended in Dec. 2025 was -171.225 (Jun. 2025 ) + -246.48 (Dec. 2025 ) = €-418 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.
Partners Group Holding AG (STU:P2H) has a Sloan Ratio % of 2.11% as of Dec. 2025. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Partners Group Holding AG and its competitors.
Is Partners Group Holding AG's Sloan Ratio % too high?
Partners Group Holding AG's current Sloan Ratio % is 2.11%. Overall, Partners Group Holding AG has a GF Score™ of 72/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Partners Group Holding AG's Sloan Ratio % compare to BLK and BX?
Partners Group Holding AG's Sloan Ratio % of 2.11% can be compared against companies in the Asset Management 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 Asset Management company?
A good Sloan Ratio % depends on the Asset Management 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 Partners Group Holding AG and its competitors. Partners Group Holding AG's current Sloan Ratio % is 2.11%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Partners Group Holding AG stock overvalued right now?
Based on GuruFocus' analysis, Partners Group Holding AG (STU:P2H) is currently considered Significantly Undervalued. The stock's GF Value™ is €1,422.18, compared to a current price of €768.80 — trading 45.9% below its estimated fair value. The current Sloan Ratio % is 2.11%. Partners Group Holding AG's overall GF Score™ is 72/100 with 4 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 Partners Group Holding AG (STU:P2H), the current Sloan Ratio % is 2.11% as of Dec. 2025. 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 Partners Group Holding AG (STU:P2H) Overvalued in 2026?
Based on GuruFocus' analysis, Partners Group Holding AG stock appears to be undervalued.
The current stock price of €768.80 is trading 45.9% below its estimated GF Value™ of €1,422.18.
GuruFocus considers Partners Group Holding AG to be Significantly Undervalued.
Key valuation signals for STU:P2H:
Sloan Ratio %: 2.11%
GF Value™: €1,422.18 vs. price of €768.80 (45.9% below fair value)
No single metric tells the full story. See the STU:P2H stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Partners Group is a Swiss-based global alternative asset manager founded in 1996. It manages funds invested in private equity, private credit, real estate, and infrastructure. Most of Partners Group's assets are invested in Europe and the Americas, with a smaller exposure to Asia and the Middle East. Partners Group operates a differentiated business model, offering bespoke client solutions through diversified portfolios tailored to each client individually, semiliquid open-ended funds, alongside traditional closed-end funds.
72GF Score
Get the complete analysis for STU:P2H
Sloan Ratio % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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