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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.
As of Mar. 2026, Mulpha International Bhd has a Sloan Ratio of -7.92%, indicating the company is in the safe zone and there is no funny business with accruals.
Mulpha International Bhd (XKLS:3905) 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, Mulpha International Bhd has a Sloan Ratio of -7.92%, indicating the company is in the safe zone and there is no funny business with accruals.
Mulpha International Bhd Sloan Ratio % Related Terms
Mulpha International Bhd 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 Conglomerates subindustry, Mulpha International 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.
Mulpha International Bhd Sloan Ratio % vs Conglomerates Industry
For the Conglomerates industry and Industrials sector, Mulpha International Bhd's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Mulpha International Bhd's Sloan Ratio % falls into.
Mulpha International Bhd 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.
Mulpha International Bhd's Sloan Ratio for the fiscal year that ended in Dec. 2025 is calculated as
Mulpha International Bhd's Net Income for the trailing twelve months (TTM) ended in Mar. 2026 was 270.852 (Jun. 2025 ) + 26.964 (Sep. 2025 ) + 110.57 (Dec. 2025 ) + 9.405 (Mar. 2026 ) = RM418 Mil.
Mulpha International Bhd's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was -310.372 (Jun. 2025 ) + -86.675 (Sep. 2025 ) + 566.329 (Dec. 2025 ) + -23.496 (Mar. 2026 ) = RM146 Mil.
Mulpha International Bhd's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2026 was 199.858 (Jun. 2025 ) + 346.941 (Sep. 2025 ) + 152.969 (Dec. 2025 ) + 63.111 (Mar. 2026 ) = RM763 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.
Mulpha International Bhd (XKLS:3905) has a Sloan Ratio % of -7.92% as of Mar. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Mulpha International Bhd and its competitors.
Is Mulpha International Bhd's Sloan Ratio % too high?
Mulpha International Bhd's current Sloan Ratio % is -7.92%. Overall, Mulpha International Bhd has a GF Score™ of 70/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Mulpha International Bhd's Sloan Ratio % compare to MMM and HON?
Mulpha International Bhd's Sloan Ratio % of -7.92% can be compared against companies in the Conglomerates 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 Conglomerates company?
A good Sloan Ratio % depends on the Conglomerates 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 Mulpha International Bhd and its competitors. Mulpha International Bhd's current Sloan Ratio % is -7.92%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mulpha International Bhd stock overvalued right now?
Based on GuruFocus' analysis, Mulpha International Bhd (XKLS:3905) is currently considered Possible Value Trap. The stock's GF Value™ is RM4.54, compared to a current price of RM2.91 — trading 35.9% below its estimated fair value. The current Sloan Ratio % is -7.92%. Mulpha International Bhd's overall GF Score™ is 70/100 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 Mulpha International Bhd (XKLS:3905), the current Sloan Ratio % is -7.92% 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 Mulpha International Bhd (XKLS:3905) Overvalued in 2026?
Based on GuruFocus' analysis, Mulpha International Bhd stock appears to be undervalued.
The current stock price of RM2.91 is trading 35.9% below its estimated GF Value™ of RM4.54.
GuruFocus considers Mulpha International Bhd to be Possible Value Trap.
Key valuation signals for XKLS:3905:
Sloan Ratio %: -7.92%
GF Value™: RM4.54 vs. price of RM2.91 (35.9% below fair value)
No single metric tells the full story. See the XKLS:3905 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Mulpha International Bhd is an investment holding company. The operating segments of the company are Hospitality and Leisure, which derive key revenue, including hotel and service apartment ownership and/or operation, food and beverage operation, entertainment and events; Property Development; Property Investment and Finance that consists of real estate investment, licensed money lending, and financial service provider; and Investment and Others includes investment holding, investment in securities, education and others. Its geographical segments include Australia, Malaysia, and New Zealand, of which Australia derives the maximum revenue.
70GF 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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