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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.
Sanoma Oyj's Sloan Ratio for the quarter that ended in Mar. 2026 was -8.17%.
As of Mar. 2026, Sanoma Oyj has a Sloan Ratio of -8.17%, indicating the company is in the safe zone and there is no funny business with accruals.
Sanoma Oyj (OTCPK:SWYBY) 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 Mar. 2026, Sanoma Oyj has a Sloan Ratio of -8.17%, indicating the company is in the safe zone and there is no funny business with accruals.
Sanoma Oyj Sloan Ratio % Related Terms
Sanoma Oyj Sloan Ratio % Historical Data
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The historical data trend for Sanoma Oyj'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 Education & Training Services subindustry, Sanoma Oyj'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.
Sanoma Oyj Sloan Ratio % vs Education Industry
For the Education industry and Consumer Defensive sector, Sanoma Oyj's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Sanoma Oyj'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.
Sanoma Oyj's Sloan Ratio for the fiscal year that ended in Dec. 2025 is calculated as
Sanoma Oyj's Net Income for the trailing twelve months (TTM) ended in Mar. 2026 was 38.062 (Jun. 2025 ) + 67.488 (Sep. 2025 ) + -49.415 (Dec. 2025 ) + -27.63 (Mar. 2026 ) = $29 Mil.
Sanoma Oyj's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was -14.187 (Jun. 2025 ) + 172.535 (Sep. 2025 ) + 99.415 (Dec. 2025 ) + -25.549 (Mar. 2026 ) = $232 Mil.
Sanoma Oyj's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2026 was -6.69 (Jun. 2025 ) + -9.39 (Sep. 2025 ) + -11.71 (Dec. 2025 ) + -10.867 (Mar. 2026 ) = $-39 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.
Sanoma Oyj (SWYBY) has a Sloan Ratio % of -8.17% as of Mar. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Sanoma Oyj and its competitors.
Is Sanoma Oyj's Sloan Ratio % too high?
Sanoma Oyj's current Sloan Ratio % is -8.17%. Overall, Sanoma Oyj has a GF Score™ of 70/100, reflecting its overall financial health beyond just this single metric.
How does Sanoma Oyj's Sloan Ratio % compare to EDU and TAL?
Sanoma Oyj's Sloan Ratio % of -8.17% can be compared against companies in the Education 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 Education company?
A good Sloan Ratio % depends on the Education 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 Sanoma Oyj and its competitors. Sanoma Oyj's current Sloan Ratio % is -8.17%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sanoma Oyj stock overvalued right now?
Sanoma Oyj (SWYBY) has a current Sloan Ratio % of -8.17%. The stock's GF Value™ is $2.13, compared to a current price of $2.46 — trading 15.5% above its estimated fair value. The current Sloan Ratio % is -8.17%. Sanoma Oyj's overall GF Score™ is 70/100 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 Sanoma Oyj (SWYBY), the current Sloan Ratio % is -8.17% as of Mar. 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 Sanoma Oyj (SWYBY) Overvalued in 2026?
Based on GuruFocus' analysis, Sanoma Oyj stock appears to be overvalued.
The current stock price of $2.46 is trading 15.5% above its estimated GF Value™ of $2.13.
Key valuation signals for SWYBY:
Sloan Ratio %: -8.17%
GF Value™: $2.13 vs. price of $2.46 (15.5% above fair value)
No single metric tells the full story. See the SWYBY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Sanoma Oyj is a learning and media company. The group publishes magazines and newspapers along with educational learning literature and services. It operates in two segments: Learning and Media Finland. Sanoma's learning products and services enable teachers to develop the talents of every child to reach their full potential. The company offers printed and digital learning content as well as digital learning and teaching platforms for primary, secondary and vocational education. The Finnish media business of Sanoma provides information, experiences, inspiration, and entertainment via multiple media platforms: newspapers, radio, television, events, magazines, online, and mobile channels. The company's publications include Helsingin Sanomat, IltaSanomat among others.
70GF Score
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