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.
KCE Electronics PCL's Sloan Ratio for the quarter that ended in Mar. 2026 was -1.12%.
As of Mar. 2026, KCE Electronics PCL has a Sloan Ratio of -1.12%, indicating the company is in the safe zone and there is no funny business with accruals.
KCE Electronics PCL (BKK:KCE-R) 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, KCE Electronics PCL has a Sloan Ratio of -1.12%, indicating the company is in the safe zone and there is no funny business with accruals.
KCE Electronics PCL Sloan Ratio % Related Terms
KCE Electronics PCL Sloan Ratio % Historical Data
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The historical data trend for KCE Electronics PCL'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.
BKK:KCE-R vs APH, GLW, TEL: Sloan Ratio % Comparison
For the Electronic Components subindustry, KCE Electronics 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.
KCE Electronics PCL Sloan Ratio % vs Hardware Industry
For the Hardware industry and Technology sector, KCE Electronics PCL's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where KCE Electronics PCL'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.
KCE Electronics PCL's Sloan Ratio for the fiscal year that ended in Dec. 2025 is calculated as
KCE Electronics PCL's Net Income for the trailing twelve months (TTM) ended in Mar. 2026 was 182.138 (Jun. 2025 ) + 297.395 (Sep. 2025 ) + 123.338 (Dec. 2025 ) + 234.272 (Mar. 2026 ) = ฿837 Mil.
KCE Electronics PCL's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was 306.175 (Jun. 2025 ) + 622.058 (Sep. 2025 ) + 628.205 (Dec. 2025 ) + 416.141 (Mar. 2026 ) = ฿1,973 Mil.
KCE Electronics PCL's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2026 was -529.065 (Jun. 2025 ) + -70.058 (Sep. 2025 ) + -208.254 (Dec. 2025 ) + -126.912 (Mar. 2026 ) = ฿-934 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.
KCE Electronics PCL (BKK:KCE-R) has a Sloan Ratio % of -1.12% as of Mar. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on KCE Electronics PCL and its competitors.
Is KCE Electronics PCL's Sloan Ratio % too high?
KCE Electronics PCL's current Sloan Ratio % is -1.12%. Overall, KCE Electronics PCL has a GF Score™ of 73/100, reflecting its overall financial health beyond just this single metric.
How does KCE Electronics PCL's Sloan Ratio % compare to APH and GLW?
KCE Electronics PCL's Sloan Ratio % of -1.12% can be compared against companies in the Hardware 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 Hardware company?
A good Sloan Ratio % depends on the Hardware 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 KCE Electronics PCL and its competitors. KCE Electronics PCL's current Sloan Ratio % is -1.12%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is KCE Electronics PCL stock overvalued right now?
KCE Electronics PCL (BKK:KCE-R) has a current Sloan Ratio % of -1.12%. The stock's GF Value™ is ฿17.61, compared to a current price of ฿24.00 — trading 36.3% above its estimated fair value. The current Sloan Ratio % is -1.12%. KCE Electronics PCL's overall GF Score™ is 73/100 with 10 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 KCE Electronics PCL (BKK:KCE-R), the current Sloan Ratio % is -1.12% 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 KCE Electronics PCL (BKK:KCE-R) Overvalued in 2026?
Based on GuruFocus' analysis, KCE Electronics PCL stock appears to be overvalued.
The current stock price of ฿24.00 is trading 36.3% above its estimated GF Value™ of ฿17.61.
Key valuation signals for BKK:KCE-R:
Sloan Ratio %: -1.12%
GF Value™: ฿17.61 vs. price of ฿24.00 (36.3% above fair value)
No single metric tells the full story. See the BKK:KCE-R stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
KCE Electronics PCL and its subsidiaries manufacture and distribute printed circuit boards. The company is based in Thailand but earns the majority of its revenue internationally. It has three segments: Manufacturing and distributing of Prepreg and Laminate; Manufacturing and distributing of Printed Circuit Board; and Manufacturing and distributing of Chemical. The company manufactures printed circuit boards that are used in a variety of industries, including automotive, computer, industrial, and telecommunications systems. The company also manufactures and distributes chemicals and laminate products. The majority of its revenue is earned in Europe.
73GF 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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