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.
Swire Properties's Sloan Ratio for the quarter that ended in Dec. 2025 was -3.43%.
As of Dec. 2025, Swire Properties has a Sloan Ratio of -3.43%, indicating the company is in the safe zone and there is no funny business with accruals.
Swire Properties (OTCPK:SWPFF) 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, Swire Properties has a Sloan Ratio of -3.43%, indicating the company is in the safe zone and there is no funny business with accruals.
Swire Properties Sloan Ratio % Related Terms
Swire Properties Sloan Ratio % Historical Data
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The historical data trend for Swire Properties'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.
SWPFF vs CBRE, BEKE, JLL: Sloan Ratio % Comparison
For the Real Estate Services subindustry, Swire Properties'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.
Swire Properties Sloan Ratio % vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Swire Properties's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Swire Properties'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.
Swire Properties'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.
Swire Properties's Net Income for the trailing twelve months (TTM) ended in Dec. 2025 was -153.148 (Jun. 2025 ) + -42.541 (Dec. 2025 ) = $-196 Mil.
Swire Properties's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2025 was 621.13 (Jun. 2025 ) + 333.642 (Dec. 2025 ) = $955 Mil.
Swire Properties's Cash Flow from Investing for the trailing twelve months (TTM) ended in Dec. 2025 was 230.36 (Jun. 2025 ) + 177.617 (Dec. 2025 ) = $408 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.
Swire Properties (SWPFF) has a Sloan Ratio % of -3.43% as of Dec. 2025. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Swire Properties and its competitors.
Is Swire Properties' Sloan Ratio % too high?
Swire Properties' current Sloan Ratio % is -3.43%. Overall, Swire Properties has a GF Score™ of 64/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Swire Properties' Sloan Ratio % compare to CBRE and BEKE?
Swire Properties' Sloan Ratio % of -3.43% can be compared against companies in the Real Estate 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 Real Estate company?
A good Sloan Ratio % depends on the Real Estate 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 Swire Properties and its competitors. Swire Properties's current Sloan Ratio % is -3.43%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Swire Properties stock overvalued right now?
Based on GuruFocus' analysis, Swire Properties (SWPFF) is currently considered Fairly Valued. The stock's GF Value™ is $2.48, compared to a current price of $2.60 — trading 4.8% above its estimated fair value. The current Sloan Ratio % is -3.43%. Swire Properties' overall GF Score™ is 64/100 with 5 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 Swire Properties (SWPFF), the current Sloan Ratio % is -3.43% 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 Swire Properties (SWPFF) Overvalued in 2026?
Based on GuruFocus' analysis, Swire Properties stock appears to be overvalued.
The current stock price of $2.60 is trading 4.8% above its estimated GF Value™ of $2.48.
GuruFocus considers Swire Properties to be Fairly Valued.
Key valuation signals for SWPFF:
Sloan Ratio %: -3.43%
GF Value™: $2.48 vs. price of $2.60 (4.8% above fair value)
No single metric tells the full story. See the SWPFF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Swire Properties is a Hong Kong-based property investor and Hong Kong's largest office landlord. Its Hong Kong portfolio provides more than 13 million square feet of gross floor area, with its portfolio of grade A office contributing over 9 million square feet. The firm also holds investment properties and development projects in China, the United States, and Southeast Asia. Rental income accounts for more than 60% of its total revenue, with property development and hotel operations contributing the balance. The company was listed in 2012. Parent company Swire Pacific holds an 83% stake.
64GF Score
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