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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.
Astro Malaysia Holdings Bhd (XKLS:6399) 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 Apr. 2026, Astro Malaysia Holdings Bhd has a Sloan Ratio of -14.91%, indicating there is a warning stage of accrual build up.
Astro Malaysia Holdings Bhd Sloan Ratio % Related Terms
Astro Malaysia Holdings 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.
XKLS:6399 vs NFLX, DIS, WBD: Sloan Ratio % Comparison
For the Entertainment subindustry, Astro Malaysia Holdings 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.
Astro Malaysia Holdings Bhd Sloan Ratio % vs Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, Astro Malaysia Holdings Bhd's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Astro Malaysia Holdings Bhd's Sloan Ratio % falls into.
Astro Malaysia Holdings 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.
Astro Malaysia Holdings Bhd's Net Income for the trailing twelve months (TTM) ended in Apr. 2026 was 16.4 (Jul. 2025 ) + 9.2 (Oct. 2025 ) + 24 (Jan. 2026 ) + 1.6 (Apr. 2026 ) = RM51 Mil.
Astro Malaysia Holdings Bhd's Cash Flow from Operations for the trailing twelve months (TTM) ended in Apr. 2026 was 223.2 (Jul. 2025 ) + 190.6 (Oct. 2025 ) + 172.453 (Jan. 2026 ) + 174.3 (Apr. 2026 ) = RM761 Mil.
Astro Malaysia Holdings Bhd's Cash Flow from Investing for the trailing twelve months (TTM) ended in Apr. 2026 was -11.1 (Jul. 2025 ) + -45.5 (Oct. 2025 ) + 110.485 (Jan. 2026 ) + -43.1 (Apr. 2026 ) = RM11 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.
Astro Malaysia Holdings Bhd (XKLS:6399) has a Sloan Ratio % of -14.91% as of Apr. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Astro Malaysia Holdings Bhd and its competitors.
Is Astro Malaysia Holdings Bhd's Sloan Ratio % too high?
Astro Malaysia Holdings Bhd's current Sloan Ratio % is -14.91%.
How does Astro Malaysia Holdings Bhd's Sloan Ratio % compare to NFLX and DIS?
Astro Malaysia Holdings Bhd's Sloan Ratio % of -14.91% can be compared against companies in the Media - Diversified 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 Media - Diversified company?
A good Sloan Ratio % depends on the Media - Diversified 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 Astro Malaysia Holdings Bhd and its competitors. Astro Malaysia Holdings Bhd's current Sloan Ratio % is -14.91%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Astro Malaysia Holdings Bhd stock overvalued right now?
Based on GuruFocus' analysis, Astro Malaysia Holdings Bhd (XKLS:6399) is currently considered Possible Value Trap. The stock's GF Value™ is RM0.20, compared to a current price of RM0.06 — trading 70% below its estimated fair value. The current Sloan Ratio % is -14.91%. 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 Astro Malaysia Holdings Bhd (XKLS:6399), the current Sloan Ratio % is -14.91% as of Apr. 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.
Astro Malaysia Holdings Bhd is an entertainment holding company operating in the diversified media industry. The company's business segments include Television, Radio, and others. The Television segment provides content, creation, and aggregation of media. Additionally, it provides magazine publication and distribution. The radio segment provides radio broadcasting services to customers. The company generates the majority of its revenue in Malaysia.
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