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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.
Impol Seval a.d's Sloan Ratio for the quarter that ended in Dec. 2025 was 0.00%.
As of Dec. 2025, Impol Seval a.d has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
Impol Seval a.d (XBEL:IMPL) 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, Impol Seval a.d has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
Impol Seval a.d Sloan Ratio % Related Terms
Impol Seval a.d Sloan Ratio % Historical Data
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The historical data trend for Impol Seval a.d'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.
XBEL:IMPL vs AA, CENX, CSTM: Sloan Ratio % Comparison
For the Aluminum subindustry, Impol Seval a.d'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.
Impol Seval a.d Sloan Ratio % vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Impol Seval a.d's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Impol Seval a.d'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.
Impol Seval a.d'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.
Impol Seval a.d's Net Income for the trailing twelve months (TTM) ended in Dec. 2025 was 117.982 (Dec. 2024 ) + 0 (Dec. 2025 ) = RSD118 Mil.
Impol Seval a.d's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2025 was 170.269 (Dec. 2024 ) + 0 (Dec. 2025 ) = RSD170 Mil.
Impol Seval a.d's Cash Flow from Investing for the trailing twelve months (TTM) ended in Dec. 2025 was -93.431 (Dec. 2024 ) + 0 (Dec. 2025 ) = RSD-93 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.
Impol Seval a.d (XBEL:IMPL) has a Sloan Ratio % of 0.00% as of Dec. 2025. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Impol Seval a.d and its competitors.
Is Impol Seval a.d's Sloan Ratio % too high?
Impol Seval a.d's current Sloan Ratio % is 0.00%. Overall, Impol Seval a.d has a GF Score™ of 84/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Impol Seval a.d's Sloan Ratio % compare to AA and CENX?
Impol Seval a.d's Sloan Ratio % of 0.00% can be compared against companies in the Metals & Mining 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 Metals & Mining company?
A good Sloan Ratio % depends on the Metals & Mining 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 Impol Seval a.d and its competitors. Impol Seval a.d's current Sloan Ratio % is 0.00%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Impol Seval a.d stock overvalued right now?
Based on GuruFocus' analysis, Impol Seval a.d (XBEL:IMPL) is currently considered Modestly Undervalued. The stock's GF Value™ is RSD7,231.42, compared to a current price of RSD5,600.00 — trading 22.6% below its estimated fair value. The current Sloan Ratio % is 0.00%. Impol Seval a.d's overall GF Score™ is 84/100 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 Impol Seval a.d (XBEL:IMPL), the current Sloan Ratio % is 0.00% 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 Impol Seval a.d (XBEL:IMPL) Overvalued in 2026?
Based on GuruFocus' analysis, Impol Seval a.d stock appears to be undervalued.
The current stock price of RSD5,600.00 is trading 22.6% below its estimated GF Value™ of RSD7,231.42.
GuruFocus considers Impol Seval a.d to be Modestly Undervalued.
Key valuation signals for XBEL:IMPL:
Sloan Ratio %: 0.00%
GF Value™: RSD7,231.42 vs. price of RSD5,600.00 (22.6% below fair value)
No single metric tells the full story. See the XBEL:IMPL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Impol Seval a.d is engaged in the processing of aluminum. Its products include colored strips and sheets, painted taps, cold and hot rolled strips, hot rolled boards, sheets, and logs. The company products are used in the car, pharmaceutical, food, transport, interior design, electrical and construction industry. It exports its products to Germany, Italy, the USA, Hungary, the Netherlands, the countries of Latin America, France and Austria.
84GF Score
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