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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.
TDb Split's Sloan Ratio for the quarter that ended in May. 2026 was 35.55%.
As of May. 2026, TDb Split has a Sloan Ratio of 35.55%, indicating earnings are more likely to be made up of accruals.
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 May. 2026, TDb Split has a Sloan Ratio of 35.55%, indicating earnings are more likely to be made up of accruals.
TDb Split Sloan Ratio % Related Terms
TDb Split Sloan Ratio % Historical Data
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The historical data trend for TDb Split'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 Asset Management subindustry, TDb Split'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.
TDb Split Sloan Ratio % vs Asset Management Industry
For the Asset Management industry and Financial Services sector, TDb Split's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where TDb Split'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.
TDb Split's Sloan Ratio for the fiscal year that ended in Nov. 2025 is calculated as
For company reported semi-annually, GuruFocus uses latest two semi-annual data as the TTM data.
TDb Split's Net Income for the trailing twelve months (TTM) ended in May. 2026 was 14.698912 (Nov. 2025 ) + 24.001895 (May. 2026 ) = C$38.70 Mil.
TDb Split's Cash Flow from Operations for the trailing twelve months (TTM) ended in May. 2026 was -0.588238 (Nov. 2025 ) + -0.861272 (May. 2026 ) = C$-1.45 Mil.
TDb Split's Cash Flow from Investing for the trailing twelve months (TTM) ended in May. 2026 was -1.335864 (Nov. 2025 ) + 4.821267 (May. 2026 ) = C$3.49 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.
TDb Split (TSX:XTD) has a Sloan Ratio % of 35.55% as of May. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on TDb Split and its competitors.
Is TDb Split's Sloan Ratio % too high?
TDb Split's current Sloan Ratio % is 35.55%. Overall, TDb Split has a GF Score™ of 34/100, reflecting its overall financial health beyond just this single metric.
How does TDb Split's Sloan Ratio % compare to BLK and BX?
TDb Split's Sloan Ratio % of 35.55% 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 TDb Split and its competitors. TDb Split's current Sloan Ratio % is 35.55%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TDb Split stock overvalued right now?
TDb Split (TSX:XTD) has a current Sloan Ratio % of 35.55%. The current Sloan Ratio % is 35.55%. TDb Split's overall GF Score™ is 34/100 with 1 warning sign 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 TDb Split (TSX:XTD), the current Sloan Ratio % is 35.55% as of May. 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.
TDb Split Corp is a mutual fund corporation. It offers two types of shares Priority Equity Shares and Class A Shares. The company's investment objective for the Priority Equity Shares is to provide holders of Priority Equity Shares with cumulative preferential monthly cash dividends and its investment objective for the Class A Shares is to provide holders with regular monthly cash dividends. Its products are Income Financial Trust, Financial 15 Split Corp, North American Financial 15 Split Corp, Financial 15 Split Corp, Dividend 15 Split Corp, Dividend Dividend 15 Split Corp. II, Dividend Select 15 Corp, Quadravest Preferred ETF, Canadian Life Companies Split Corp, Canadian Banc Corp, Prime Dividend Corp, M-Split Corp, Commerce Split Corp, TDb Split Corp, etc.
34GF Score
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