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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 Jun. 2026, Komercijalna Banka AD Skopje has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
Komercijalna Banka AD Skopje (XMAE:KMB) 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, Komercijalna Banka AD Skopje has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
Komercijalna Banka AD Skopje Sloan Ratio % Related Terms
Komercijalna Banka AD Skopje 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 Banks - Regional subindustry, Komercijalna Banka AD Skopje'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.
Komercijalna Banka AD Skopje Sloan Ratio % vs Banks Industry
For the Banks industry and Financial Services sector, Komercijalna Banka AD Skopje's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Komercijalna Banka AD Skopje's Sloan Ratio % falls into.
Komercijalna Banka AD Skopje 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.
Komercijalna Banka AD Skopje's Net Income for the trailing twelve months (TTM) ended in Jun. 2026 was 1544.906 (Jun. 2025 ) + 1288.745 (Sep. 2025 ) + 865.048 (Dec. 2025 ) + 0 (Jun. 2026 ) = MKD3,699 Mil.
Komercijalna Banka AD Skopje's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 was 3037.65 (Jun. 2025 ) + 2190.763 (Sep. 2025 ) + -269.253 (Dec. 2025 ) + 0 (Jun. 2026 ) = MKD4,959 Mil.
Komercijalna Banka AD Skopje's Cash Flow from Investing for the trailing twelve months (TTM) ended in Jun. 2026 was -1775.536 (Jun. 2025 ) + 317.648 (Sep. 2025 ) + -4277.4 (Dec. 2025 ) + 0 (Jun. 2026 ) = MKD-5,735 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.
Komercijalna Banka AD Skopje (XMAE:KMB) has a Sloan Ratio % of 0.00% as of Jun. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Komercijalna Banka AD Skopje and its competitors.
Is Komercijalna Banka AD Skopje's Sloan Ratio % too high?
Komercijalna Banka AD Skopje's current Sloan Ratio % is 0.00%. Overall, Komercijalna Banka AD Skopje has a GF Score™ of 70/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Komercijalna Banka AD Skopje's Sloan Ratio % compare to PNC and USB?
Komercijalna Banka AD Skopje's Sloan Ratio % of 0.00% can be compared against companies in the Banks 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 Banks company?
A good Sloan Ratio % depends on the Banks 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 Komercijalna Banka AD Skopje and its competitors. Komercijalna Banka AD Skopje's current Sloan Ratio % is 0.00%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Komercijalna Banka AD Skopje stock overvalued right now?
Based on GuruFocus' analysis, Komercijalna Banka AD Skopje (XMAE:KMB) is currently considered Modestly Undervalued. The stock's GF Value™ is MKD29,893.35, compared to a current price of MKD25,985.00 — trading 13.1% below its estimated fair value. The current Sloan Ratio % is 0.00%. Komercijalna Banka AD Skopje's overall GF Score™ is 70/100 with 5 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 Komercijalna Banka AD Skopje (XMAE:KMB), the current Sloan Ratio % is 0.00% 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 Komercijalna Banka AD Skopje (XMAE:KMB) Overvalued in 2026?
Based on GuruFocus' analysis, Komercijalna Banka AD Skopje stock appears to be undervalued.
The current stock price of MKD25,985.00 is trading 13.1% below its estimated GF Value™ of MKD29,893.35.
GuruFocus considers Komercijalna Banka AD Skopje to be Modestly Undervalued.
Key valuation signals for XMAE:KMB:
Sloan Ratio %: 0.00%
GF Value™: MKD29,893.35 vs. price of MKD25,985.00 (13.1% below fair value)
No single metric tells the full story. See the XMAE:KMB stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Komercijalna Banka AD Skopje is a commercial bank. The principal activities of the bank are - collecting deposits, placing loans and advances domestically and abroad, factoring and financing commercial transactions, foreign exchange operations, fast money transfer, trading with foreign currencies, trading with securities, services of a bank-custodian of investment and pension funds, intermediating in selling insurance policies, data collection and analysis of company's credit rating, and many others. It operates in the Republic of Macedonia, Europe, and other EU member countries.
70GF Score
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