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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.
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, Charoong Thai Wire & Cable PCL has a Sloan Ratio of 11.08%, indicating there is a warning stage of accrual build up.
Charoong Thai Wire & Cable PCL Sloan Ratio % Related Terms
Charoong Thai Wire & Cable PCL 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.
Charoong Thai Wire & Cable PCL Sloan Ratio % Chart
For the Electrical Equipment & Parts subindustry, Charoong Thai Wire & Cable PCL'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.
Charoong Thai Wire & Cable PCL Sloan Ratio % vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Charoong Thai Wire & Cable PCL's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Charoong Thai Wire & Cable PCL's Sloan Ratio % falls into.
Charoong Thai Wire & Cable PCL 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.
Charoong Thai Wire & Cable PCL's Net Income for the trailing twelve months (TTM) ended in Jun. 2026 was 96.524 (Sep. 2025 ) + 8.28 (Dec. 2025 ) + 70.025 (Mar. 2026 ) + 95.573 (Jun. 2026 ) = ฿270 Mil.
Charoong Thai Wire & Cable PCL's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 was -72.128 (Sep. 2025 ) + -135.553 (Dec. 2025 ) + -14.83 (Mar. 2026 ) + -206.467 (Jun. 2026 ) = ฿-429 Mil.
Charoong Thai Wire & Cable PCL's Cash Flow from Investing for the trailing twelve months (TTM) ended in Jun. 2026 was -12.455 (Sep. 2025 ) + -5.61 (Dec. 2025 ) + 13.259 (Mar. 2026 ) + -22.253 (Jun. 2026 ) = ฿-27 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.
Charoong Thai Wire & Cable PCL (BKK:CTW) has a Sloan Ratio % of 11.08% as of Jun. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Charoong Thai Wire & Cable PCL and its competitors.
Is Charoong Thai Wire & Cable PCL's Sloan Ratio % too high?
Charoong Thai Wire & Cable PCL's current Sloan Ratio % is 11.08%. Overall, Charoong Thai Wire & Cable PCL has a GF Score™ of 44/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Charoong Thai Wire & Cable PCL's Sloan Ratio % compare to VRT and BE?
Charoong Thai Wire & Cable PCL's Sloan Ratio % of 11.08% can be compared against companies in the Industrial Products 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 an Industrial Products company?
A good Sloan Ratio % depends on the Industrial Products 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 Charoong Thai Wire & Cable PCL and its competitors. Charoong Thai Wire & Cable PCL's current Sloan Ratio % is 11.08%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Charoong Thai Wire & Cable PCL stock overvalued right now?
Based on GuruFocus' analysis, Charoong Thai Wire & Cable PCL (BKK:CTW) is currently considered Significantly Overvalued. The stock's GF Value™ is ฿4.10, compared to a current price of ฿6.80 — trading 65.9% above its estimated fair value. The current Sloan Ratio % is 11.08%. Charoong Thai Wire & Cable PCL's overall GF Score™ is 44/100 with 7 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 Charoong Thai Wire & Cable PCL (BKK:CTW), the current Sloan Ratio % is 11.08% 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 Charoong Thai Wire & Cable PCL (BKK:CTW) Overvalued in 2026?
Based on GuruFocus' analysis, Charoong Thai Wire & Cable PCL stock appears to be overvalued.
The current stock price of ฿6.80 is trading 65.9% above its estimated GF Value™ of ฿4.10.
GuruFocus considers Charoong Thai Wire & Cable PCL to be Significantly Overvalued.
Key valuation signals for BKK:CTW:
Sloan Ratio %: 11.08%
GF Value™: ฿4.10 vs. price of ฿6.80 (65.9% above fair value)
No single metric tells the full story. See the BKK:CTW stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Charoong Thai Wire & Cable PCL is engaged in the manufacturing and distribution of electric wire and cables and telephone cables. The reportable segments of the company are the power cable segment, which consists of aluminum conductor power cable, copper conductor power cable, and high voltage power cable; the communication cable segment, enameled and non-enameled wire segment, which consists of enameled copper wire, enameled aluminum wire, and non-enameled copper wire; and the fiber optic cable segment. The company derives a majority of its revenue from the power cable segment. Geographically, the company operates in Thailand, Vietnam, Hong Kong Special Administrative Region of the People's Republic of China, the Republic of the Union of Myanmar, and Other regions.
44GF Score
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Sloan Ratio % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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