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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.
Agricultural Development Bank (XGHA:ADB) 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, Agricultural Development Bank has a Sloan Ratio of -17.35%, indicating there is a warning stage of accrual build up.
Agricultural Development Bank Sloan Ratio % Related Terms
Agricultural Development Bank Sloan Ratio % Historical Data
* 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 Banks - Regional subindustry, Agricultural Development Bank'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.
Agricultural Development Bank Sloan Ratio % vs Banks Industry
For the Banks industry and Financial Services sector, Agricultural Development Bank's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Agricultural Development Bank's Sloan Ratio % falls into.
Agricultural Development Bank Sloan Ratio % Calculation
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.
Agricultural Development Bank's Net Income for the trailing twelve months (TTM) ended in Mar. 2026 was 161.66 (Jun. 2025 ) + 51.768 (Sep. 2025 ) + 85.037 (Dec. 2025 ) + 101.488 (Mar. 2026 ) = GHS400 Mil.
Agricultural Development Bank's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was 417.516 (Jun. 2025 ) + 888.297 (Sep. 2025 ) + 1398.741 (Dec. 2025 ) + 2037.634 (Mar. 2026 ) = GHS4,742 Mil.
Agricultural Development Bank's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2026 was 169.645 (Jun. 2025 ) + -1940.022 (Sep. 2025 ) + 2188.138 (Dec. 2025 ) + -1387.36 (Mar. 2026 ) = GHS-970 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.
Agricultural Development Bank (XGHA:ADB) has a Sloan Ratio % of -17.35% as of Mar. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Agricultural Development Bank and its competitors.
Is Agricultural Development Bank's Sloan Ratio % too high?
Agricultural Development Bank's current Sloan Ratio % is -17.35%. Overall, Agricultural Development Bank has a GF Score™ of 66/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Agricultural Development Bank's Sloan Ratio % compare to PNC?
Agricultural Development Bank's Sloan Ratio % of -17.35% can be compared against companies in the Banks 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 Banks company?
A good Sloan Ratio % depends on the Banks 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 Agricultural Development Bank and its competitors. Agricultural Development Bank's current Sloan Ratio % is -17.35%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Agricultural Development Bank stock overvalued right now?
Based on GuruFocus' analysis, Agricultural Development Bank (XGHA:ADB) is currently considered Significantly Overvalued. The stock's GF Value™ is GHS4.03, compared to a current price of GHS5.30 — trading 31.5% above its estimated fair value. The current Sloan Ratio % is -17.35%. Agricultural Development Bank's overall GF Score™ is 66/100 with 5 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 Agricultural Development Bank (XGHA:ADB), the current Sloan Ratio % is -17.35% 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 Agricultural Development Bank (XGHA:ADB) Overvalued in 2026?
Based on GuruFocus' analysis, Agricultural Development Bank stock appears to be overvalued.
The current stock price of GHS5.30 is trading 31.5% above its estimated GF Value™ of GHS4.03.
GuruFocus considers Agricultural Development Bank to be Significantly Overvalued.
Key valuation signals for XGHA:ADB:
Sloan Ratio %: -17.35%
GF Value™: GHS4.03 vs. price of GHS5.30 (31.5% above fair value)
No single metric tells the full story. See the XGHA:ADB stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Agricultural Development Bank Ltd is a universal bank offering a full range of banking products and services in Consumer, Corporate, Parastatals/Public Sector, SME, Agribusiness, Trade and E-Banking services. Its business focus is universal banking with a developmental focus on Agriculture and more. The company's operating segment includes Corporate Banking, Retail Banking, and Central Treasury. The majority of revenue is derived from the Retail Banking segment, which focuses on high-volume, standardized financial products and services such as loans and advances, deposits and other transactions with retail customers. Geographically, all revenues are generated in Ghana.
66GF Score
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Sloan Ratio % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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