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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.
Steamships Trading Co's Sloan Ratio for the quarter that ended in Dec. 2025 was 5.03%.
As of Dec. 2025, Steamships Trading Co has a Sloan Ratio of 5.03%, indicating the company is in the safe zone and there is no funny business with accruals.
Steamships Trading Co (ASX:SST) 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 Dec. 2025, Steamships Trading Co has a Sloan Ratio of 5.03%, indicating the company is in the safe zone and there is no funny business with accruals.
Steamships Trading Co Sloan Ratio % Related Terms
Steamships Trading Co Sloan Ratio % Historical Data
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The historical data trend for Steamships Trading Co'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.
ASX:SST vs UPS, FDX, JBHT: Sloan Ratio % Comparison
For the Integrated Freight & Logistics subindustry, Steamships Trading Co'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.
Steamships Trading Co Sloan Ratio % vs Transportation Industry
For the Transportation industry and Industrials sector, Steamships Trading Co's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Steamships Trading Co'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.
Steamships Trading Co's Sloan Ratio for the fiscal year that ended in Dec. 2025 is calculated as
For company reported semi-annually, GuruFocus uses latest two semi-annual data as the TTM data.
Steamships Trading Co's Net Income for the trailing twelve months (TTM) ended in Dec. 2025 was 7.904 (Jun. 2025 ) + 13.435 (Dec. 2025 ) = A$21.3 Mil.
Steamships Trading Co's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2025 was 22.052 (Jun. 2025 ) + 34.047 (Dec. 2025 ) = A$56.1 Mil.
Steamships Trading Co's Cash Flow from Investing for the trailing twelve months (TTM) ended in Dec. 2025 was -39.511 (Jun. 2025 ) + -25.976 (Dec. 2025 ) = A$-65.5 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.
Steamships Trading Co (ASX:SST) has a Sloan Ratio % of 5.03% as of Dec. 2025. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Steamships Trading Co and its competitors.
Is Steamships Trading Co's Sloan Ratio % too high?
Steamships Trading Co's current Sloan Ratio % is 5.03%. Overall, Steamships Trading Co has a GF Score™ of 50/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Steamships Trading Co's Sloan Ratio % compare to UPS and FDX?
Steamships Trading Co's Sloan Ratio % of 5.03% can be compared against companies in the Transportation 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 Transportation company?
A good Sloan Ratio % depends on the Transportation 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 Steamships Trading Co and its competitors. Steamships Trading Co's current Sloan Ratio % is 5.03%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Steamships Trading Co stock overvalued right now?
Based on GuruFocus' analysis, Steamships Trading Co (ASX:SST) is currently considered Possible Value Trap. The stock's GF Value™ is A$103.43, compared to a current price of A$9.53 — trading 90.8% below its estimated fair value. The current Sloan Ratio % is 5.03%. Steamships Trading Co's overall GF Score™ is 50/100 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 Steamships Trading Co (ASX:SST), the current Sloan Ratio % is 5.03% as of Dec. 2025. 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 Steamships Trading Co (ASX:SST) Overvalued in 2026?
Based on GuruFocus' analysis, Steamships Trading Co stock appears to be undervalued.
The current stock price of A$9.53 is trading 90.8% below its estimated GF Value™ of A$103.43.
GuruFocus considers Steamships Trading Co to be Possible Value Trap.
Key valuation signals for ASX:SST:
Sloan Ratio %: 5.03%
GF Value™: A$103.43 vs. price of A$9.53 (90.8% below fair value)
No single metric tells the full story. See the ASX:SST stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Steamships Trading Co Ltd is a diversified holding company. The company's operating segment includes i) Property and hospitality: It consists of shipping and land-based freight transport and related services divisions. ii) Logistics: It consists of shipping and land-based freight transport and related services divisions. iii) Commercial & investment: It consists of commercial, head office administration function and insurance activities. The majority of the company's revenue is derived from the Property and hospitality segment. Geographically, the company operates almost wholly in Papua New Guinea.
50GF Score
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