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.
NIBE Industrier AB's Sloan Ratio for the quarter that ended in Mar. 2026 was -0.38%.
As of Mar. 2026, NIBE Industrier AB has a Sloan Ratio of -0.38%, indicating the company is in the safe zone and there is no funny business with accruals.
NIBE Industrier AB (XSWX:NIBEB) 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, NIBE Industrier AB has a Sloan Ratio of -0.38%, indicating the company is in the safe zone and there is no funny business with accruals.
NIBE Industrier AB Sloan Ratio % Related Terms
NIBE Industrier AB Sloan Ratio % Historical Data
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The historical data trend for NIBE Industrier AB'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.
XSWX:NIBEB vs TT, JCI, CARR: Sloan Ratio % Comparison
For the Building Products & Equipment subindustry, NIBE Industrier AB'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.
NIBE Industrier AB Sloan Ratio % vs Construction Industry
For the Construction industry and Industrials sector, NIBE Industrier AB's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where NIBE Industrier AB'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.
NIBE Industrier AB's Sloan Ratio for the fiscal year that ended in Dec. 2025 is calculated as
NIBE Industrier AB's Net Income for the trailing twelve months (TTM) ended in Mar. 2026 was 41.903 (Jun. 2025 ) + 51.727 (Sep. 2025 ) + 67.227 (Dec. 2025 ) + 42.672 (Mar. 2026 ) = CHF204 Mil.
NIBE Industrier AB's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was 31.171 (Jun. 2025 ) + 195.698 (Sep. 2025 ) + 169.353 (Dec. 2025 ) + 45.545 (Mar. 2026 ) = CHF442 Mil.
NIBE Industrier AB's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2026 was -41.051 (Jun. 2025 ) + -27.69 (Sep. 2025 ) + -129.994 (Dec. 2025 ) + -18.252 (Mar. 2026 ) = CHF-217 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.
NIBE Industrier AB (XSWX:NIBEB) has a Sloan Ratio % of -0.38% as of Mar. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on NIBE Industrier AB and its competitors.
Is NIBE Industrier AB's Sloan Ratio % too high?
NIBE Industrier AB's current Sloan Ratio % is -0.38%. Overall, NIBE Industrier AB has a GF Score™ of 87/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does NIBE Industrier AB's Sloan Ratio % compare to TT and JCI?
NIBE Industrier AB's Sloan Ratio % of -0.38% can be compared against companies in the Construction 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 Construction company?
A good Sloan Ratio % depends on the Construction 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 NIBE Industrier AB and its competitors. NIBE Industrier AB's current Sloan Ratio % is -0.38%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NIBE Industrier AB stock overvalued right now?
Based on GuruFocus' analysis, NIBE Industrier AB (XSWX:NIBEB) is currently considered Modestly Undervalued. The stock's GF Value™ is CHF3.73, compared to a current price of CHF2.97 — trading 20.4% below its estimated fair value. The current Sloan Ratio % is -0.38%. NIBE Industrier AB's overall GF Score™ is 87/100 with 6 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 NIBE Industrier AB (XSWX:NIBEB), the current Sloan Ratio % is -0.38% 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 NIBE Industrier AB (XSWX:NIBEB) Overvalued in 2026?
Based on GuruFocus' analysis, NIBE Industrier AB stock appears to be undervalued.
The current stock price of CHF2.97 is trading 20.4% below its estimated GF Value™ of CHF3.73.
GuruFocus considers NIBE Industrier AB to be Modestly Undervalued.
Key valuation signals for XSWX:NIBEB:
Sloan Ratio %: -0.38%
GF Value™: CHF3.73 vs. price of CHF2.97 (20.4% below fair value)
No single metric tells the full story. See the XSWX:NIBEB stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
NIBE Industrier AB manufactures and sells energy-efficient products for industrial and consumer use. The firm is organized into three segments by product type. The climate solutions segment, which generates the majority of revenue, sells HVAC systems and hot water heaters to homes, apartment buildings, and other large properties. The elements segment sells components and elements to multiple industries, including appliance manufacturers, home remodelers, energy, and automotive. The stoves segment sells energy-efficient stoves and chimney systems to residential and commercial customers. The vast majority of revenue comes from Europe.
87GF Score
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