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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.
ZEAL Network SE's Sloan Ratio for the quarter that ended in Jun. 2026 was -5.25%.
As of Jun. 2026, ZEAL Network SE has a Sloan Ratio of -5.25%, indicating the company is in the safe zone and there is no funny business with accruals.
ZEAL Network SE (STU:TIM) 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, ZEAL Network SE has a Sloan Ratio of -5.25%, indicating the company is in the safe zone and there is no funny business with accruals.
ZEAL Network SE Sloan Ratio % Related Terms
ZEAL Network SE Sloan Ratio % Historical Data
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The historical data trend for ZEAL Network SE'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.
STU:TIM vs FLUT, DKNG, SGHC: Sloan Ratio % Comparison
For the Gambling subindustry, ZEAL Network SE'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.
ZEAL Network SE Sloan Ratio % vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, ZEAL Network SE's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where ZEAL Network SE'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.
ZEAL Network SE's Sloan Ratio for the fiscal year that ended in Dec. 2025 is calculated as
ZEAL Network SE's Net Income for the trailing twelve months (TTM) ended in Jun. 2026 was 14.343 (Sep. 2025 ) + 7.848 (Dec. 2025 ) + 8.304 (Mar. 2026 ) + 13.537 (Jun. 2026 ) = €44.0 Mil.
ZEAL Network SE's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 was 35.846 (Sep. 2025 ) + 16.376 (Dec. 2025 ) + -0.962 (Mar. 2026 ) + 16.415 (Jun. 2026 ) = €67.7 Mil.
ZEAL Network SE's Cash Flow from Investing for the trailing twelve months (TTM) ended in Jun. 2026 was -0.633 (Sep. 2025 ) + -0.137 (Dec. 2025 ) + -0.111 (Mar. 2026 ) + -0.105 (Jun. 2026 ) = €-1.0 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.
ZEAL Network SE (STU:TIM) has a Sloan Ratio % of -5.25% as of Jun. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on ZEAL Network SE and its competitors.
Is ZEAL Network SE's Sloan Ratio % too high?
ZEAL Network SE's current Sloan Ratio % is -5.25%. Overall, ZEAL Network SE has a GF Score™ of 87/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does ZEAL Network SE's Sloan Ratio % compare to FLUT and DKNG?
ZEAL Network SE's Sloan Ratio % of -5.25% can be compared against companies in the Travel & Leisure 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 Travel & Leisure company?
A good Sloan Ratio % depends on the Travel & Leisure 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 ZEAL Network SE and its competitors. ZEAL Network SE's current Sloan Ratio % is -5.25%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ZEAL Network SE stock overvalued right now?
Based on GuruFocus' analysis, ZEAL Network SE (STU:TIM) is currently considered Significantly Undervalued. The stock's GF Value™ is €64.32, compared to a current price of €43.30 — trading 32.7% below its estimated fair value. The current Sloan Ratio % is -5.25%. ZEAL Network SE's overall GF Score™ is 87/100 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 ZEAL Network SE (STU:TIM), the current Sloan Ratio % is -5.25% 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 ZEAL Network SE (STU:TIM) Overvalued in 2026?
Based on GuruFocus' analysis, ZEAL Network SE stock appears to be undervalued.
The current stock price of €43.30 is trading 32.7% below its estimated GF Value™ of €64.32.
GuruFocus considers ZEAL Network SE to be Significantly Undervalued.
Key valuation signals for STU:TIM:
Sloan Ratio %: -5.25%
GF Value™: €64.32 vs. price of €43.30 (32.7% below fair value)
No single metric tells the full story. See the STU:TIM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
ZEAL Network SE is an e-commerce group of companies company specializing in the area of online lottery. The company offers consumer-facing lottery-based games as well as business-to-business solutions. The operating business segments are Germany and Other. The ZEAL group now has more than one million active customers. ZEAL allows the participation in state-licensed lotteries via the LOTTO24 and Tipp24 brands and also offers its own lottery products. ZEAL operates under its owns brands namely ZEAL Instant Games, ZEAL Ventures and ZEAL Iberia.
87GF Score
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