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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.
Sonova Holding AG's Sloan Ratio for the quarter that ended in Mar. 2026 was -2.16%.
As of Mar. 2026, Sonova Holding AG has a Sloan Ratio of -2.16%, indicating the company is in the safe zone and there is no funny business with accruals.
Sonova Holding AG (XSWX:SOON) 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, Sonova Holding AG has a Sloan Ratio of -2.16%, indicating the company is in the safe zone and there is no funny business with accruals.
Sonova Holding AG Sloan Ratio % Related Terms
Sonova Holding AG Sloan Ratio % Historical Data
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The historical data trend for Sonova Holding AG'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:SOON vs ABT, SYK, MDT: Sloan Ratio % Comparison
For the Medical Devices subindustry, Sonova Holding AG'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.
Sonova Holding AG Sloan Ratio % vs Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, Sonova Holding AG's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Sonova Holding AG'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.
Sonova Holding AG's Sloan Ratio for the fiscal year that ended in Mar. 2026 is calculated as
For company reported semi-annually, GuruFocus uses latest two semi-annual data as the TTM data.
Sonova Holding AG's Net Income for the trailing twelve months (TTM) ended in Mar. 2026 was 188.5 (Sep. 2025 ) + 242.1 (Mar. 2026 ) = CHF431 Mil.
Sonova Holding AG's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was 241.2 (Sep. 2025 ) + 493.3 (Mar. 2026 ) = CHF735 Mil.
Sonova Holding AG's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2026 was -170 (Sep. 2025 ) + -12.1 (Mar. 2026 ) = CHF-182 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.
Sonova Holding AG (XSWX:SOON) has a Sloan Ratio % of -2.16% as of Mar. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Sonova Holding AG and its competitors.
Is Sonova Holding AG's Sloan Ratio % too high?
Sonova Holding AG's current Sloan Ratio % is -2.16%. Overall, Sonova Holding AG has a GF Score™ of 89/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Sonova Holding AG's Sloan Ratio % compare to ABT and SYK?
Sonova Holding AG's Sloan Ratio % of -2.16% can be compared against companies in the Medical Devices & Instruments 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 Medical Devices & Instruments company?
A good Sloan Ratio % depends on the Medical Devices & Instruments 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 Sonova Holding AG and its competitors. Sonova Holding AG's current Sloan Ratio % is -2.16%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sonova Holding AG stock overvalued right now?
Based on GuruFocus' analysis, Sonova Holding AG (XSWX:SOON) is currently considered Modestly Undervalued. The stock's GF Value™ is CHF250.57, compared to a current price of CHF205.40 — trading 18% below its estimated fair value. The current Sloan Ratio % is -2.16%. Sonova Holding AG's overall GF Score™ is 89/100 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 Sonova Holding AG (XSWX:SOON), the current Sloan Ratio % is -2.16% 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 Sonova Holding AG (XSWX:SOON) Overvalued in 2026?
Based on GuruFocus' analysis, Sonova Holding AG stock appears to be undervalued.
The current stock price of CHF205.40 is trading 18% below its estimated GF Value™ of CHF250.57.
GuruFocus considers Sonova Holding AG to be Modestly Undervalued.
Key valuation signals for XSWX:SOON:
Sloan Ratio %: -2.16%
GF Value™: CHF250.57 vs. price of CHF205.40 (18% below fair value)
No single metric tells the full story. See the XSWX:SOON stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Sonova is one of the world's largest manufacturers and distributors of hearing aids. The company is based in Switzerland and distributes its products in more than 100 countries through its internal sales team and independent retailers. It also sells cochlear implants and audio technologies.
89GF Score
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