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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.
Software Mansion S A's Sloan Ratio for the quarter that ended in Mar. 2026 was 2.45%.
As of Mar. 2026, Software Mansion S A has a Sloan Ratio of 2.45%, indicating the company is in the safe zone and there is no funny business with accruals.
Software Mansion S A (WAR:SWM) 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, Software Mansion S A has a Sloan Ratio of 2.45%, indicating the company is in the safe zone and there is no funny business with accruals.
Software Mansion S A Sloan Ratio % Related Terms
Software Mansion S A Sloan Ratio % Historical Data
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The historical data trend for Software Mansion S A'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.
WAR:SWM vs MSFT, ORCL, PLTR: Sloan Ratio % Comparison
For the Software - Infrastructure subindustry, Software Mansion S A'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.
Software Mansion S A Sloan Ratio % vs Software Industry
For the Software industry and Technology sector, Software Mansion S A's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Software Mansion S A'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.
Software Mansion S A's Sloan Ratio for the fiscal year that ended in Dec. 2025 is calculated as
Software Mansion S A's Net Income for the trailing twelve months (TTM) ended in Mar. 2026 was 5.662 (Jun. 2025 ) + 2.388 (Sep. 2025 ) + 4.574 (Dec. 2025 ) + 2.142 (Mar. 2026 ) = zł14.8 Mil.
Software Mansion S A's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was 2.011 (Jun. 2025 ) + 6.145 (Sep. 2025 ) + 5.04 (Dec. 2025 ) + 5.311 (Mar. 2026 ) = zł18.5 Mil.
Software Mansion S A's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2026 was -0.755 (Jun. 2025 ) + -4.242 (Sep. 2025 ) + -0.469 (Dec. 2025 ) + -0.603 (Mar. 2026 ) = zł-6.1 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.
Software Mansion S A (WAR:SWM) has a Sloan Ratio % of 2.45% as of Mar. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Software Mansion S A and its competitors.
Is Software Mansion S A's Sloan Ratio % too high?
Software Mansion S A's current Sloan Ratio % is 2.45%. Overall, Software Mansion S A has a GF Score™ of 39/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Software Mansion S A's Sloan Ratio % compare to MSFT and ORCL?
Software Mansion S A's Sloan Ratio % of 2.45% can be compared against companies in the Software 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 Software company?
A good Sloan Ratio % depends on the Software 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 Software Mansion S A and its competitors. Software Mansion S A's current Sloan Ratio % is 2.45%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Software Mansion S A stock overvalued right now?
Based on GuruFocus' analysis, Software Mansion S A (WAR:SWM) is currently considered Possible Value Trap. The stock's GF Value™ is zł46.00, compared to a current price of zł27.40 — trading 40.4% below its estimated fair value. The current Sloan Ratio % is 2.45%. Software Mansion S A's overall GF Score™ is 39/100 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 Software Mansion S A (WAR:SWM), the current Sloan Ratio % is 2.45% 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 Software Mansion S A (WAR:SWM) Overvalued in 2026?
Based on GuruFocus' analysis, Software Mansion S A stock appears to be undervalued.
The current stock price of zł27.40 is trading 40.4% below its estimated GF Value™ of zł46.00.
GuruFocus considers Software Mansion S A to be Possible Value Trap.
Key valuation signals for WAR:SWM:
Sloan Ratio %: 2.45%
GF Value™: zł46.00 vs. price of zł27.40 (40.4% below fair value)
No single metric tells the full story. See the WAR:SWM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Software Mansion S A is Krakow based software company that deals with solving technological challenges for their clients and developing open-source technologies. It cooperates with a variety of clients, including technological start-ups from Silicon Valley and New York, as well as well-known companies with a stable position on the market. Their portfolio includes projects from industries such as Ed-Tech, Fin-Tech, blockchain, healthcare, e-commerce, multimedia and consumer applications.
39GF Score
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