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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.
As of Apr. 2026, Khon Kaen Sugar Industry PCL has a Sloan Ratio of -0.91%, indicating the company is in the safe zone and there is no funny business with accruals.
Khon Kaen Sugar Industry PCL (BKK:KSL) 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 Apr. 2026, Khon Kaen Sugar Industry PCL has a Sloan Ratio of -0.91%, indicating the company is in the safe zone and there is no funny business with accruals.
Khon Kaen Sugar Industry PCL Sloan Ratio % Related Terms
Khon Kaen Sugar Industry 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.
BKK:KSL vs MDLZ, HSY, TR: Sloan Ratio % Comparison
For the Confectioners subindustry, Khon Kaen Sugar Industry 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.
Khon Kaen Sugar Industry PCL Sloan Ratio % vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Khon Kaen Sugar Industry PCL's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Khon Kaen Sugar Industry PCL's Sloan Ratio % falls into.
Khon Kaen Sugar Industry 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.
Khon Kaen Sugar Industry PCL's Net Income for the trailing twelve months (TTM) ended in Apr. 2026 was 27.967 (Jul. 2025 ) + -955.553 (Oct. 2025 ) + 118.404 (Jan. 2026 ) + 313.983 (Apr. 2026 ) = ฿-495 Mil.
Khon Kaen Sugar Industry PCL's Cash Flow from Operations for the trailing twelve months (TTM) ended in Apr. 2026 was 3050.984 (Jul. 2025 ) + 1651.705 (Oct. 2025 ) + -585.339 (Jan. 2026 ) + -3384.595 (Apr. 2026 ) = ฿733 Mil.
Khon Kaen Sugar Industry PCL's Cash Flow from Investing for the trailing twelve months (TTM) ended in Apr. 2026 was -506.776 (Jul. 2025 ) + -334.069 (Oct. 2025 ) + 51.59 (Jan. 2026 ) + 35.982 (Apr. 2026 ) = ฿-753 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.
Khon Kaen Sugar Industry PCL (BKK:KSL) has a Sloan Ratio % of -0.91% as of Apr. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Khon Kaen Sugar Industry PCL and its competitors.
Is Khon Kaen Sugar Industry PCL's Sloan Ratio % too high?
Khon Kaen Sugar Industry PCL's current Sloan Ratio % is -0.91%. Overall, Khon Kaen Sugar Industry PCL has a GF Score™ of 71/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Khon Kaen Sugar Industry PCL's Sloan Ratio % compare to MDLZ and HSY?
Khon Kaen Sugar Industry PCL's Sloan Ratio % of -0.91% can be compared against companies in the Consumer Packaged Goods 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 Consumer Packaged Goods company?
A good Sloan Ratio % depends on the Consumer Packaged Goods 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 Khon Kaen Sugar Industry PCL and its competitors. Khon Kaen Sugar Industry PCL's current Sloan Ratio % is -0.91%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Khon Kaen Sugar Industry PCL stock overvalued right now?
Based on GuruFocus' analysis, Khon Kaen Sugar Industry PCL (BKK:KSL) is currently considered Modestly Undervalued. The stock's GF Value™ is ฿2.13, compared to a current price of ฿1.87 — trading 12.2% below its estimated fair value. The current Sloan Ratio % is -0.91%. Khon Kaen Sugar Industry PCL's overall GF Score™ is 71/100 with 13 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 Khon Kaen Sugar Industry PCL (BKK:KSL), the current Sloan Ratio % is -0.91% as of Apr. 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 Khon Kaen Sugar Industry PCL (BKK:KSL) Overvalued in 2026?
Based on GuruFocus' analysis, Khon Kaen Sugar Industry PCL stock appears to be undervalued.
The current stock price of ฿1.87 is trading 12.2% below its estimated GF Value™ of ฿2.13.
GuruFocus considers Khon Kaen Sugar Industry PCL to be Modestly Undervalued.
Key valuation signals for BKK:KSL:
Sloan Ratio %: -0.91%
GF Value™: ฿2.13 vs. price of ฿1.87 (12.2% below fair value)
No single metric tells the full story. See the BKK:KSL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Khon Kaen Sugar Industry PCL manufactures and distributes sugar and molasses in Thailand. It also sells the byproducts of its sugar production, including ethanol, which it sells to oil companies, and electricity, which it sells to the Electricity Generating Authority of Thailand (EGAT), a monopoly in Thailand's electrical energy market and the country's primary power producer. The company has three operating segments - Manufacture and Distribution of Sugar and Molasses, Manufacture and Sale of Electricity, and Real Estate Rental. The company generates the majority of its revenue from the Manufacture and Distribution of Sugar and Molasses. In addition to Thailand, the company sells its products in Laos and Cambodia.
71GF Score
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