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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.
Mega First Bhd's Sloan Ratio for the quarter that ended in Mar. 2026 was -1.46%.
As of Mar. 2026, Mega First Bhd has a Sloan Ratio of -1.46%, indicating the company is in the safe zone and there is no funny business with accruals.
Mega First Bhd (XKLS:3069) 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, Mega First Bhd has a Sloan Ratio of -1.46%, indicating the company is in the safe zone and there is no funny business with accruals.
Mega First Bhd Sloan Ratio % Related Terms
Mega First Bhd Sloan Ratio % Historical Data
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The historical data trend for Mega First Bhd'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.
XKLS:3069 vs NEE, SO, DUK: Sloan Ratio % Comparison
For the Utilities - Regulated Electric subindustry, Mega First Bhd'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.
Mega First Bhd Sloan Ratio % vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Mega First Bhd's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Mega First Bhd'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.
Mega First Bhd's Sloan Ratio for the fiscal year that ended in Dec. 2025 is calculated as
Mega First Bhd's Net Income for the trailing twelve months (TTM) ended in Mar. 2026 was 84.771 (Jun. 2025 ) + 120.917 (Sep. 2025 ) + 118.499 (Dec. 2025 ) + 62.349 (Mar. 2026 ) = RM387 Mil.
Mega First Bhd's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was 172.912 (Jun. 2025 ) + 177.218 (Sep. 2025 ) + 187.598 (Dec. 2025 ) + 167.747 (Mar. 2026 ) = RM705 Mil.
Mega First Bhd's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2026 was -103.022 (Jun. 2025 ) + -80.827 (Sep. 2025 ) + -22.189 (Dec. 2025 ) + -41.226 (Mar. 2026 ) = RM-247 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.
Mega First Bhd (XKLS:3069) has a Sloan Ratio % of -1.46% as of Mar. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Mega First Bhd and its competitors.
Is Mega First Bhd's Sloan Ratio % too high?
Mega First Bhd's current Sloan Ratio % is -1.46%. Overall, Mega First Bhd has a GF Score™ of 76/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Mega First Bhd's Sloan Ratio % compare to NEE and SO?
Mega First Bhd's Sloan Ratio % of -1.46% can be compared against companies in the Utilities - Regulated 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 Utilities - Regulated company?
A good Sloan Ratio % depends on the Utilities - Regulated 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 Mega First Bhd and its competitors. Mega First Bhd's current Sloan Ratio % is -1.46%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mega First Bhd stock overvalued right now?
Based on GuruFocus' analysis, Mega First Bhd (XKLS:3069) is currently considered Fairly Valued. The stock's GF Value™ is RM3.16, compared to a current price of RM2.86 — trading 9.5% below its estimated fair value. The current Sloan Ratio % is -1.46%. Mega First Bhd's overall GF Score™ is 76/100 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 Mega First Bhd (XKLS:3069), the current Sloan Ratio % is -1.46% 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 Mega First Bhd (XKLS:3069) Overvalued in 2026?
Based on GuruFocus' analysis, Mega First Bhd stock appears to be undervalued.
The current stock price of RM2.86 is trading 9.5% below its estimated GF Value™ of RM3.16.
GuruFocus considers Mega First Bhd to be Fairly Valued.
Key valuation signals for XKLS:3069:
Sloan Ratio %: -1.46%
GF Value™: RM3.16 vs. price of RM2.86 (9.5% below fair value)
No single metric tells the full story. See the XKLS:3069 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Mega First Corp Bhd is an investment holding company. The group is organized into three main business segments as follows - Renewable Energy, Resources, Packaging, and Investment Renewable Holding and Others. The Renewable Energy segment builds, owns, and operates renewable power plants. The Resources segment is engaged in the quarrying of limestone, manufacturing and trading of lime products, and calcium carbonate powder. The Packaging segment is engaged in the Manufacturing and distribution of flexible packaging materials and products, paper bags, labels and stickers. The majority of its revenue is derived from the Renewable Energy segment. Geographically, the company derives majority of its revenue from the Lao PDR.
76GF 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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