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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.
Ten Square Games's Sloan Ratio for the quarter that ended in Jun. 2026 was -0.01%.
As of Jun. 2026, Ten Square Games has a Sloan Ratio of -0.01%, indicating the company is in the safe zone and there is no funny business with accruals.
Ten Square Games (WAR:TEN) 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, Ten Square Games has a Sloan Ratio of -0.01%, indicating the company is in the safe zone and there is no funny business with accruals.
Ten Square Games Sloan Ratio % Related Terms
Ten Square Games Sloan Ratio % Historical Data
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The historical data trend for Ten Square Games'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:TEN vs NTES, TTWO, RBLX: Sloan Ratio % Comparison
For the Electronic Gaming & Multimedia subindustry, Ten Square Games'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.
Ten Square Games Sloan Ratio % vs Interactive Media Industry
For the Interactive Media industry and Communication Services sector, Ten Square Games's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Ten Square Games'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.
Ten Square Games's Sloan Ratio for the fiscal year that ended in Dec. 2025 is calculated as
Ten Square Games's Net Income for the trailing twelve months (TTM) ended in Jun. 2026 was 17.789 (Sep. 2025 ) + 11.732 (Dec. 2025 ) + 13.613 (Mar. 2026 ) + 14.614 (Jun. 2026 ) = zł57.7 Mil.
Ten Square Games's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 was 27.022 (Sep. 2025 ) + 14.599 (Dec. 2025 ) + 19.23 (Mar. 2026 ) + 20.139 (Jun. 2026 ) = zł81.0 Mil.
Ten Square Games's Cash Flow from Investing for the trailing twelve months (TTM) ended in Jun. 2026 was -1.667 (Sep. 2025 ) + -0.567 (Dec. 2025 ) + -1.169 (Mar. 2026 ) + -19.793 (Jun. 2026 ) = zł-23.2 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.
Ten Square Games (WAR:TEN) has a Sloan Ratio % of -0.01% as of Jun. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Ten Square Games and its competitors.
Is Ten Square Games' Sloan Ratio % too high?
Ten Square Games' current Sloan Ratio % is -0.01%. Overall, Ten Square Games has a GF Score™ of 87/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ten Square Games' Sloan Ratio % compare to NTES and TTWO?
Ten Square Games' Sloan Ratio % of -0.01% can be compared against companies in the Interactive Media 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 Interactive Media company?
A good Sloan Ratio % depends on the Interactive Media 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 Ten Square Games and its competitors. Ten Square Games's current Sloan Ratio % is -0.01%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ten Square Games stock overvalued right now?
Based on GuruFocus' analysis, Ten Square Games (WAR:TEN) is currently considered Modestly Overvalued. The stock's GF Value™ is zł87.49, compared to a current price of zł103.90 — trading 18.8% above its estimated fair value. The current Sloan Ratio % is -0.01%. Ten Square Games' overall GF Score™ is 87/100 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 Ten Square Games (WAR:TEN), the current Sloan Ratio % is -0.01% 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 Ten Square Games (WAR:TEN) Overvalued in 2026?
Based on GuruFocus' analysis, Ten Square Games stock appears to be overvalued.
The current stock price of zł103.90 is trading 18.8% above its estimated GF Value™ of zł87.49.
GuruFocus considers Ten Square Games to be Modestly Overvalued.
Key valuation signals for WAR:TEN:
Sloan Ratio %: -0.01%
GF Value™: zł87.49 vs. price of zł103.90 (18.8% above fair value)
No single metric tells the full story. See the WAR:TEN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ten Square Games SA is a developer of free-to-play mobile games with a focus on hobby genres, including fishing, hunting, and aviation. The company's portfolio includes popular titles such as Fishing Clash, Hunting Clash, Real Flight Simulator, Trophy Hunter, Let's Fish, and Wings of Heroes. The company's source of revenue includes micro-payments, subscriptions, advertisement, and licenses. The company generates the majority of its revenue from the micro-payments.
87GF Score
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