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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.
Malayan Cement Bhd's Sloan Ratio for the quarter that ended in Jun. 2026 was -0.60%.
As of Jun. 2026, Malayan Cement Bhd has a Sloan Ratio of -0.60%, indicating the company is in the safe zone and there is no funny business with accruals.
Malayan Cement Bhd (XKLS:3794) 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 Jun. 2026, Malayan Cement Bhd has a Sloan Ratio of -0.60%, indicating the company is in the safe zone and there is no funny business with accruals.
Malayan Cement Bhd Sloan Ratio % Related Terms
Malayan Cement Bhd Sloan Ratio % Historical Data
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The historical data trend for Malayan Cement 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:3794 vs CRH, VMC, MLM: Sloan Ratio % Comparison
For the Building Materials subindustry, Malayan Cement 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.
Malayan Cement Bhd Sloan Ratio % vs Building Materials Industry
For the Building Materials industry and Basic Materials sector, Malayan Cement Bhd's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Malayan Cement 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.
Malayan Cement Bhd's Sloan Ratio for the fiscal year that ended in Jun. 2026 is calculated as
Malayan Cement Bhd's Net Income for the trailing twelve months (TTM) ended in Jun. 2026 was 200.568 (Sep. 2025 ) + 232.982 (Dec. 2025 ) + 246.701 (Mar. 2026 ) + 222.921 (Jun. 2026 ) = RM903 Mil.
Malayan Cement Bhd's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 was 277.611 (Sep. 2025 ) + 339.828 (Dec. 2025 ) + 317.69 (Mar. 2026 ) + 266.027 (Jun. 2026 ) = RM1,201 Mil.
Malayan Cement Bhd's Cash Flow from Investing for the trailing twelve months (TTM) ended in Jun. 2026 was -61.961 (Sep. 2025 ) + -83.3 (Dec. 2025 ) + -55.855 (Mar. 2026 ) + -28.196 (Jun. 2026 ) = RM-229 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.
Malayan Cement Bhd (XKLS:3794) has a Sloan Ratio % of -0.60% as of Jun. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Malayan Cement Bhd and its competitors.
Is Malayan Cement Bhd's Sloan Ratio % too high?
Malayan Cement Bhd's current Sloan Ratio % is -0.60%. Overall, Malayan Cement Bhd has a GF Score™ of 69/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Malayan Cement Bhd's Sloan Ratio % compare to CRH and VMC?
Malayan Cement Bhd's Sloan Ratio % of -0.60% 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 Malayan Cement Bhd and its competitors. Malayan Cement Bhd's current Sloan Ratio % is -0.60%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Malayan Cement Bhd stock overvalued right now?
Based on GuruFocus' analysis, Malayan Cement Bhd (XKLS:3794) is currently considered Modestly Overvalued. The stock's GF Value™ is RM5.62, compared to a current price of RM6.54 — trading 16.4% above its estimated fair value. The current Sloan Ratio % is -0.60%. Malayan Cement Bhd's overall GF Score™ is 69/100 with 3 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 Malayan Cement Bhd (XKLS:3794), the current Sloan Ratio % is -0.60% as of Jun. 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 Malayan Cement Bhd (XKLS:3794) Overvalued in 2026?
Based on GuruFocus' analysis, Malayan Cement Bhd stock appears to be overvalued.
The current stock price of RM6.54 is trading 16.4% above its estimated GF Value™ of RM5.62.
GuruFocus considers Malayan Cement Bhd to be Modestly Overvalued.
Key valuation signals for XKLS:3794:
Sloan Ratio %: -0.60%
GF Value™: RM5.62 vs. price of RM6.54 (16.4% above fair value)
No single metric tells the full story. See the XKLS:3794 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Malayan Cement Bhd is a cement and building materials group in Malaysia and Singapore. It is a producer of cement, ready-mixed concrete, drymix, and quarry products, which are used in the residential and commercial building industry and also have various applications in infrastructure and other industries. The company's operating divisions are Cement, and Aggregates and Concrete. A majority of its revenue is generated from the Cement segment which also includes its drymix and waste management business. Geographically, it derives key revenue from Malaysia and the rest from Singapore.
69GF Score
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