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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.
icapital biz Bhd's Sloan Ratio for the quarter that ended in May. 2026 was -13.14%.
As of May. 2026, icapital biz Bhd has a Sloan Ratio of -13.14%, indicating there is a warning stage of accrual build up.
icapital biz Bhd (XKLS:5108) 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 May. 2026, icapital biz Bhd has a Sloan Ratio of -13.14%, indicating there is a warning stage of accrual build up.
icapital biz Bhd Sloan Ratio % Related Terms
icapital biz Bhd Sloan Ratio % Historical Data
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The historical data trend for icapital biz 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:5108 vs BLK, BX, KKR: Sloan Ratio % Comparison
For the Asset Management subindustry, icapital biz 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.
icapital biz Bhd Sloan Ratio % vs Asset Management Industry
For the Asset Management industry and Financial Services sector, icapital biz Bhd's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where icapital biz 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.
icapital biz Bhd's Sloan Ratio for the fiscal year that ended in May. 2026 is calculated as
icapital biz Bhd's Net Income for the trailing twelve months (TTM) ended in May. 2026 was 0.733 (Aug. 2025 ) + -0.338 (Nov. 2025 ) + -0.277 (Feb. 2026 ) + 1.194 (May. 2026 ) = RM1.31 Mil.
icapital biz Bhd's Cash Flow from Operations for the trailing twelve months (TTM) ended in May. 2026 was 3.355 (Aug. 2025 ) + -38.106 (Nov. 2025 ) + 4.898 (Feb. 2026 ) + 2.918 (May. 2026 ) = RM-26.94 Mil.
icapital biz Bhd's Cash Flow from Investing for the trailing twelve months (TTM) ended in May. 2026 was 20.867 (Aug. 2025 ) + 14.261 (Nov. 2025 ) + 52.022 (Feb. 2026 ) + 20.784 (May. 2026 ) = RM107.93 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.
icapital biz Bhd (XKLS:5108) has a Sloan Ratio % of -13.14% as of May. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on icapital biz Bhd and its competitors.
Is icapital biz Bhd's Sloan Ratio % too high?
icapital biz Bhd's current Sloan Ratio % is -13.14%. Overall, icapital biz Bhd has a GF Score™ of 55/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does icapital biz Bhd's Sloan Ratio % compare to BLK and BX?
icapital biz Bhd's Sloan Ratio % of -13.14% can be compared against companies in the Asset Management 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 Asset Management company?
A good Sloan Ratio % depends on the Asset Management 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 icapital biz Bhd and its competitors. icapital biz Bhd's current Sloan Ratio % is -13.14%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is icapital biz Bhd stock overvalued right now?
Based on GuruFocus' analysis, icapital biz Bhd (XKLS:5108) is currently considered Significantly Undervalued. The stock's GF Value™ is RM4.60, compared to a current price of RM2.51 — trading 45.4% below its estimated fair value. The current Sloan Ratio % is -13.14%. icapital biz Bhd's overall GF Score™ is 55/100 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 icapital biz Bhd (XKLS:5108), the current Sloan Ratio % is -13.14% as of May. 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 icapital biz Bhd (XKLS:5108) Overvalued in 2026?
Based on GuruFocus' analysis, icapital biz Bhd stock appears to be undervalued.
The current stock price of RM2.51 is trading 45.4% below its estimated GF Value™ of RM4.60.
GuruFocus considers icapital biz Bhd to be Significantly Undervalued.
Key valuation signals for XKLS:5108:
Sloan Ratio %: -13.14%
GF Value™: RM4.60 vs. price of RM2.51 (45.4% below fair value)
No single metric tells the full story. See the XKLS:5108 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
icapital biz Bhd is a Malaysia-based closed-end fund engaged in investing in a diversified portfolio of quoted securities. The fund's main objective is long-term capital appreciation through value investing in undervalued companies listed on Bursa Malaysia's Main and ACE Markets. It can also invest in cash deposits and up to 10% of its assets in unlisted companies. The fund is managed by Capital Dynamics Asset Management Sdn. Bhd., with Capital Dynamics Sdn. Bhd. as the investment adviser. Revenue and returns are generated through strategic investment in equities and other asset classes, focusing on sustainable growth and capital gains. The company operates mainly as an investment fund rather than traditional business operations.
55GF Score
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