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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.
Amtech Systems's Sloan Ratio for the quarter that ended in Jun. 2026 was -3.07%.
Warning Sign:
When sloan ratio (-40.15)% higher than 25% or lower than -25%, earnings are more likely to be made up of accruals.
As of Jun. 2026, Amtech Systems has a Sloan Ratio of -3.07%, indicating the company is in the safe zone and there is no funny business with accruals.
Amtech Systems (NAS:ASYS) 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, Amtech Systems has a Sloan Ratio of -3.07%, indicating the company is in the safe zone and there is no funny business with accruals.
Amtech Systems Sloan Ratio % Related Terms
Amtech Systems Sloan Ratio % Historical Data
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The historical data trend for Amtech Systems'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.
For the Semiconductor Equipment & Materials subindustry, Amtech Systems'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.
Amtech Systems Sloan Ratio % vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Amtech Systems's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Amtech Systems'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.
Amtech Systems's Sloan Ratio for the fiscal year that ended in Sep. 2025 is calculated as
Amtech Systems's Net Income for the trailing twelve months (TTM) ended in Jun. 2026 was 1.068 (Sep. 2025 ) + 0.108 (Dec. 2025 ) + 1.166 (Mar. 2026 ) + 1.658 (Jun. 2026 ) = $4.00 Mil.
Amtech Systems's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 was 2.268 (Sep. 2025 ) + 4.103 (Dec. 2025 ) + 2.093 (Mar. 2026 ) + 1.12 (Jun. 2026 ) = $9.58 Mil.
Amtech Systems's Cash Flow from Investing for the trailing twelve months (TTM) ended in Jun. 2026 was -0.22 (Sep. 2025 ) + -0.277 (Dec. 2025 ) + -0.198 (Mar. 2026 ) + -0.081 (Jun. 2026 ) = $-0.78 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.
Amtech Systems (ASYS) has a Sloan Ratio % of -3.07% as of Jun. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Amtech Systems and its competitors.
Is Amtech Systems' Sloan Ratio % too high?
Amtech Systems' current Sloan Ratio % is -3.07%. Overall, Amtech Systems has a GF Score™ of 55/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Amtech Systems' Sloan Ratio % compare to ATOM and INTT?
Amtech Systems' Sloan Ratio % of -3.07% can be compared against companies in the Semiconductors 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 Semiconductors company?
A good Sloan Ratio % depends on the Semiconductors 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 Amtech Systems and its competitors. Amtech Systems's current Sloan Ratio % is -3.07%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Amtech Systems stock overvalued right now?
Based on GuruFocus' analysis, Amtech Systems (ASYS) is currently considered Significantly Overvalued. The stock's GF Value™ is $4.40, compared to a current price of $15.20 — trading 245.5% above its estimated fair value. The current Sloan Ratio % is -3.07%. Amtech Systems' overall GF Score™ is 55/100 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 Amtech Systems (ASYS), the current Sloan Ratio % is -3.07% 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 Amtech Systems (ASYS) Overvalued in 2026?
Based on GuruFocus' analysis, Amtech Systems stock appears to be overvalued.
The current stock price of $15.20 is trading 245.5% above its estimated GF Value™ of $4.40.
GuruFocus considers Amtech Systems to be Significantly Overvalued.
Key valuation signals for ASYS:
Sloan Ratio %: -3.07%
GF Value™: $4.40 vs. price of $15.20 (245.5% above fair value)
No single metric tells the full story. See the ASYS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Amtech Systems Inc provides equipment, consumables and services for semiconductor device packaging, wafer production and device fabrication. Its products are used to fabricate and package GPUs for AI applications, SiC and Si power devices, and other optical, analog and digital devices, and are sold to semiconductor packaging, electronic assembly and device fabrication companies. It operates through two segments: Thermal Processing Solutions, which includes conveyorized reflow equipment, high-temperature conveyorized furnaces and diffusion furnaces with maximum revenue; and Semiconductor Fabrication Solutions, which includes consumables, equipment and services for wafer polishing, dicing and cleaning. The majority of revenue is derived from the United States.
55GF Score
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