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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.
Holcim Ecuador's Sloan Ratio for the quarter that ended in Dec. 2025 was -9.27%.
As of Dec. 2025, Holcim Ecuador has a Sloan Ratio of -9.27%, indicating the company is in the safe zone and there is no funny business with accruals.
Holcim Ecuador (XGUA:HLE) 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, Holcim Ecuador has a Sloan Ratio of -9.27%, indicating the company is in the safe zone and there is no funny business with accruals.
Holcim Ecuador Sloan Ratio % Related Terms
Holcim Ecuador Sloan Ratio % Historical Data
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The historical data trend for Holcim Ecuador'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.
XGUA:HLE vs CRH, MLM, VMC: Sloan Ratio % Comparison
For the Building Materials subindustry, Holcim Ecuador'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.
Holcim Ecuador Sloan Ratio % vs Building Materials Industry
For the Building Materials industry and Basic Materials sector, Holcim Ecuador's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Holcim Ecuador'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.
Holcim Ecuador's Sloan Ratio for the fiscal year that ended in Dec. 2025 is calculated as
For company reported annually, GuruFocus uses latest annual data as the TTM data.
Holcim Ecuador's Net Income for the trailing twelve months (TTM) ended in Dec. 2025 was $85.0 Mil.
Holcim Ecuador's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2025 was $122.0 Mil.
Holcim Ecuador's Cash Flow from Investing for the trailing twelve months (TTM) ended in Dec. 2025 was $11.6 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.
Holcim Ecuador (XGUA:HLE) has a Sloan Ratio % of -9.27% as of Dec. 2025. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Holcim Ecuador and its competitors.
Is Holcim Ecuador's Sloan Ratio % too high?
Holcim Ecuador's current Sloan Ratio % is -9.27%. Overall, Holcim Ecuador has a GF Score™ of 88/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Holcim Ecuador's Sloan Ratio % compare to CRH and MLM?
Holcim Ecuador's Sloan Ratio % of -9.27% can be compared against companies in the Building Materials 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 Building Materials company?
A good Sloan Ratio % depends on the Building Materials 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 Holcim Ecuador and its competitors. Holcim Ecuador's current Sloan Ratio % is -9.27%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Holcim Ecuador stock overvalued right now?
Based on GuruFocus' analysis, Holcim Ecuador (XGUA:HLE) is currently considered Modestly Undervalued. The stock's GF Value™ is $58.78, compared to a current price of $42.00 — trading 28.5% below its estimated fair value. The current Sloan Ratio % is -9.27%. Holcim Ecuador's overall GF Score™ is 88/100 with 1 warning sign 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 Holcim Ecuador (XGUA:HLE), the current Sloan Ratio % is -9.27% 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 Holcim Ecuador (XGUA:HLE) Overvalued in 2026?
Based on GuruFocus' analysis, Holcim Ecuador stock appears to be undervalued.
The current stock price of $42.00 is trading 28.5% below its estimated GF Value™ of $58.78.
GuruFocus considers Holcim Ecuador to be Modestly Undervalued.
Key valuation signals for XGUA:HLE:
Sloan Ratio %: -9.27%
GF Value™: $58.78 vs. price of $42.00 (28.5% below fair value)
No single metric tells the full story. See the XGUA:HLE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Holcim Ecuador SA is an Ecuador-based company engaged in the manufacturing and production of clinker, cement, and concrete. The company offers products and services for road development, buildings, infrastructure, developments and residences, and agro-industrial solutions.
88GF Score
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