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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 May. 2026, HORNBACH Holding AG and Co KGaA has a Sloan Ratio of -0.43%, indicating the company is in the safe zone and there is no funny business with accruals.
HORNBACH Holding AG and Co KGaA (XSWX:HBH) 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, HORNBACH Holding AG and Co KGaA has a Sloan Ratio of -0.43%, indicating the company is in the safe zone and there is no funny business with accruals.
HORNBACH Holding AG and Co KGaA Sloan Ratio % Related Terms
HORNBACH Holding AG and Co KGaA 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.
HORNBACH Holding AG and Co KGaA Sloan Ratio % Chart
XSWX:HBH vs HD, LOW, FND: Sloan Ratio % Comparison
For the Home Improvement Retail subindustry, HORNBACH Holding AG and Co KGaA'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.
HORNBACH Holding AG and Co KGaA Sloan Ratio % vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, HORNBACH Holding AG and Co KGaA's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where HORNBACH Holding AG and Co KGaA's Sloan Ratio % falls into.
HORNBACH Holding AG and Co KGaA 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.
HORNBACH Holding AG and Co KGaA's Net Income for the trailing twelve months (TTM) ended in May. 2026 was 61.631 (Aug. 2025 ) + 9.477 (Nov. 2025 ) + -39.649 (Feb. 2026 ) + 91.336 (May. 2026 ) = CHF123 Mil.
HORNBACH Holding AG and Co KGaA's Cash Flow from Operations for the trailing twelve months (TTM) ended in May. 2026 was 74.67 (Aug. 2025 ) + 31.591 (Nov. 2025 ) + 63.121 (Feb. 2026 ) + 181.207 (May. 2026 ) = CHF351 Mil.
HORNBACH Holding AG and Co KGaA's Cash Flow from Investing for the trailing twelve months (TTM) ended in May. 2026 was -54.126 (Aug. 2025 ) + -54.819 (Nov. 2025 ) + -46.686 (Feb. 2026 ) + -51.159 (May. 2026 ) = CHF-207 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.
HORNBACH Holding AG and Co KGaA (XSWX:HBH) has a Sloan Ratio % of -0.43% as of May. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on HORNBACH Holding AG and Co KGaA and its competitors.
Is HORNBACH Holding AG and Co KGaA's Sloan Ratio % too high?
HORNBACH Holding AG and Co KGaA's current Sloan Ratio % is -0.43%. Overall, HORNBACH Holding AG and Co KGaA has a GF Score™ of 72/100, reflecting its overall financial health beyond just this single metric.
How does HORNBACH Holding AG and Co KGaA's Sloan Ratio % compare to HD and LOW?
HORNBACH Holding AG and Co KGaA's Sloan Ratio % of -0.43% can be compared against companies in the Retail - Cyclical 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 Retail - Cyclical company?
A good Sloan Ratio % depends on the Retail - Cyclical 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 HORNBACH Holding AG and Co KGaA and its competitors. HORNBACH Holding AG and Co KGaA's current Sloan Ratio % is -0.43%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is HORNBACH Holding AG and Co KGaA stock overvalued right now?
HORNBACH Holding AG and Co KGaA (XSWX:HBH) has a current Sloan Ratio % of -0.43%. The stock's GF Value™ is CHF75.46, compared to a current price of CHF72.70 — trading 3.7% below its estimated fair value. The current Sloan Ratio % is -0.43%. HORNBACH Holding AG and Co KGaA's overall GF Score™ is 72/100 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 HORNBACH Holding AG and Co KGaA (XSWX:HBH), the current Sloan Ratio % is -0.43% 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 HORNBACH Holding AG and Co KGaA (XSWX:HBH) Overvalued in 2026?
Based on GuruFocus' analysis, HORNBACH Holding AG and Co KGaA stock appears to be undervalued.
The current stock price of CHF72.70 is trading 3.7% below its estimated GF Value™ of CHF75.46.
Key valuation signals for XSWX:HBH:
Sloan Ratio %: -0.43%
GF Value™: CHF75.46 vs. price of CHF72.70 (3.7% below fair value)
No single metric tells the full story. See the XSWX:HBH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
HORNBACH Holding AG and Co KGaA Business Description
HORNBACH Holding AG and Co KGaA and its subsidiaries are involved in the business of Retail and Real estate segments. The company's operating segment include HORNBACH Baumarkt subgroup; HORNBACH Baustoff Union GmbH subgroup, and HORNBACH Immobilien AG subgroup. It generates maximum revenue from the HORNBACH Baumarkt subgroup segment. Geographically, it derives a majority of revenue from Germany. Products are structured in the following divisions: Hardware/Electrical, Paint/Wallpaper/Flooring, Construction Materials/Timber/Prefabricated Components, Sanitary/Tiles, and Garden. The company operates in Germany and other European countries.
72GF Score
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