Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
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.
Ecobank Ghana's Sloan Ratio for the quarter that ended in Mar. 2026 was 25.45%.
As of Mar. 2026, Ecobank Ghana has a Sloan Ratio of 25.45%, indicating there is a warning stage of accrual build up.
Ecobank Ghana (XGHA:EGH) 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, Ecobank Ghana has a Sloan Ratio of 25.45%, indicating there is a warning stage of accrual build up.
Ecobank Ghana Sloan Ratio % Related Terms
Ecobank Ghana Sloan Ratio % Historical Data
* Premium members only.
The historical data trend for Ecobank Ghana'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 Banks - Regional subindustry, Ecobank Ghana'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.
Ecobank Ghana Sloan Ratio % vs Banks Industry
For the Banks industry and Financial Services sector, Ecobank Ghana's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Ecobank Ghana'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.
Ecobank Ghana's Sloan Ratio for the fiscal year that ended in Dec. 2025 is calculated as
Ecobank Ghana's Net Income for the trailing twelve months (TTM) ended in Mar. 2026 was 433.78 (Jun. 2025 ) + 652.537 (Sep. 2025 ) + 406.757 (Dec. 2025 ) + 439.226 (Mar. 2026 ) = GHS1,932 Mil.
Ecobank Ghana's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was 2464.111 (Jun. 2025 ) + -76.995 (Sep. 2025 ) + -3091.071 (Dec. 2025 ) + -1455.608 (Mar. 2026 ) = GHS-2,160 Mil.
Ecobank Ghana's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2026 was 1687.936 (Jun. 2025 ) + -5001.462 (Sep. 2025 ) + -1846.588 (Dec. 2025 ) + -3978.259 (Mar. 2026 ) = GHS-9,138 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.
Ecobank Ghana (XGHA:EGH) has a Sloan Ratio % of 25.45% as of Mar. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Ecobank Ghana and its competitors.
Is Ecobank Ghana's Sloan Ratio % too high?
Ecobank Ghana's current Sloan Ratio % is 25.45%. Overall, Ecobank Ghana has a GF Score™ of 66/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ecobank Ghana's Sloan Ratio % compare to competitors?
Ecobank Ghana's Sloan Ratio % of 25.45% 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 Ecobank Ghana and its competitors. Ecobank Ghana's current Sloan Ratio % is 25.45%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ecobank Ghana stock overvalued right now?
Based on GuruFocus' analysis, Ecobank Ghana (XGHA:EGH) is currently considered Significantly Overvalued. The stock's GF Value™ is GHS10.34, compared to a current price of GHS37.00 — trading 257.8% above its estimated fair value. The current Sloan Ratio % is 25.45%. Ecobank Ghana's overall GF Score™ is 66/100 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 Ecobank Ghana (XGHA:EGH), the current Sloan Ratio % is 25.45% 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 Ecobank Ghana (XGHA:EGH) Overvalued in 2026?
Based on GuruFocus' analysis, Ecobank Ghana stock appears to be overvalued.
The current stock price of GHS37.00 is trading 257.8% above its estimated GF Value™ of GHS10.34.
GuruFocus considers Ecobank Ghana to be Significantly Overvalued.
Key valuation signals for XGHA:EGH:
Sloan Ratio %: 25.45%
GF Value™: GHS10.34 vs. price of GHS37.00 (257.8% above fair value)
No single metric tells the full story. See the XGHA:EGH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ecobank Ghana Ltd is a commercial banking corporation based in Ghana. Its service offering includes retail, corporate, and investment banking products. The bank functions through three operating segments namely Consumer banking focused on individuals who are grouped into a premier, advantage (personal banking), and classic & youth banking (direct banking); Commercial Banking focused on Business Banking and Medium Local Corporates such as SMEs, Medium Local corporates and Non-government public sector (schools, faith, NGOs & professional bodies); and Corporate banking specializes in serving the public sector, multinational institutions, financial institutions/international organizations and the Regional Corporate segment of the market.
66GF Score
Get the complete analysis for XGHA:EGH
Sloan Ratio % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
XGHA:EGH has been successfully added to your 
