Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
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.
NAT Absolute Technologies PCL (BKK:NAT) 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, NAT Absolute Technologies PCL has a Sloan Ratio of 24.20%, indicating there is a warning stage of accrual build up.
NAT Absolute Technologies PCL Sloan Ratio % Related Terms
NAT Absolute Technologies 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:NAT vs IBM, ACN, FISV: Sloan Ratio % Comparison
For the Information Technology Services subindustry, NAT Absolute Technologies 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.
NAT Absolute Technologies PCL Sloan Ratio % vs Software Industry
For the Software industry and Technology sector, NAT Absolute Technologies PCL's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where NAT Absolute Technologies PCL's Sloan Ratio % falls into.
NAT Absolute Technologies 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.
NAT Absolute Technologies PCL's Net Income for the trailing twelve months (TTM) ended in Jun. 2026 was 2.463 (Sep. 2025 ) + 0.055 (Dec. 2025 ) + 2.217 (Mar. 2026 ) + -8.606 (Jun. 2026 ) = ฿-3.9 Mil.
NAT Absolute Technologies PCL's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 was -73.724 (Sep. 2025 ) + 28.135 (Dec. 2025 ) + 13.919 (Mar. 2026 ) + -84.272 (Jun. 2026 ) = ฿-115.9 Mil.
NAT Absolute Technologies PCL's Cash Flow from Investing for the trailing twelve months (TTM) ended in Jun. 2026 was -0.918 (Sep. 2025 ) + -41.014 (Dec. 2025 ) + -51.177 (Mar. 2026 ) + -7.707 (Jun. 2026 ) = ฿-100.8 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.
NAT Absolute Technologies PCL (BKK:NAT) has a Sloan Ratio % of 24.20% as of Jun. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on NAT Absolute Technologies PCL and its competitors.
Is NAT Absolute Technologies PCL's Sloan Ratio % too high?
NAT Absolute Technologies PCL's current Sloan Ratio % is 24.20%. Overall, NAT Absolute Technologies PCL has a GF Score™ of 42/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does NAT Absolute Technologies PCL's Sloan Ratio % compare to IBM and ACN?
NAT Absolute Technologies PCL's Sloan Ratio % of 24.20% can be compared against companies in the Software 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 Software company?
A good Sloan Ratio % depends on the Software 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 NAT Absolute Technologies PCL and its competitors. NAT Absolute Technologies PCL's current Sloan Ratio % is 24.20%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NAT Absolute Technologies PCL stock overvalued right now?
Based on GuruFocus' analysis, NAT Absolute Technologies PCL (BKK:NAT) is currently considered Fairly Valued. The stock's GF Value™ is ฿1.43, compared to a current price of ฿1.55 — trading 8.4% above its estimated fair value. The current Sloan Ratio % is 24.20%. NAT Absolute Technologies PCL's overall GF Score™ is 42/100 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 NAT Absolute Technologies PCL (BKK:NAT), the current Sloan Ratio % is 24.20% 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 NAT Absolute Technologies PCL (BKK:NAT) Overvalued in 2026?
Based on GuruFocus' analysis, NAT Absolute Technologies PCL stock appears to be overvalued.
The current stock price of ฿1.55 is trading 8.4% above its estimated GF Value™ of ฿1.43.
GuruFocus considers NAT Absolute Technologies PCL to be Fairly Valued.
Key valuation signals for BKK:NAT:
Sloan Ratio %: 24.20%
GF Value™: ฿1.43 vs. price of ฿1.55 (8.4% above fair value)
No single metric tells the full story. See the BKK:NAT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
NAT Absolute Technologies PCL is engaged in information and communication technology services in Thailand. The company provides consulting services, design, procurement and distribution of equipment ready for installation, including providing contract system installation services related to information and communication technology systems (Information and Communication Technology System Integration).
42GF Score
Get the complete analysis for BKK:NAT
Sloan Ratio % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
BKK:NAT has been successfully added to your 
