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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.
NFC PCL's Sloan Ratio for the quarter that ended in Jun. 2026 was -3.76%.
As of Jun. 2026, NFC PCL has a Sloan Ratio of -3.76%, indicating the company is in the safe zone and there is no funny business with accruals.
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, NFC PCL has a Sloan Ratio of -3.76%, indicating the company is in the safe zone and there is no funny business with accruals.
NFC PCL Sloan Ratio % Related Terms
NFC PCL Sloan Ratio % Historical Data
* Premium members only.
The historical data trend for NFC 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:NFC vs CTVA, CF, MOS: Sloan Ratio % Comparison
For the Agricultural Inputs subindustry, NFC 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.
NFC PCL Sloan Ratio % vs Agriculture Industry
For the Agriculture industry and Basic Materials sector, NFC PCL's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where NFC 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.
NFC PCL's Sloan Ratio for the fiscal year that ended in Dec. 2025 is calculated as
NFC PCL's Net Income for the trailing twelve months (TTM) ended in Jun. 2026 was 22.629 (Sep. 2025 ) + 38.883 (Dec. 2025 ) + 28.957 (Mar. 2026 ) + 174.694 (Jun. 2026 ) = ฿265 Mil.
NFC PCL's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 was 111.81 (Sep. 2025 ) + 98.454 (Dec. 2025 ) + 211.574 (Mar. 2026 ) + 12.534 (Jun. 2026 ) = ฿434 Mil.
NFC PCL's Cash Flow from Investing for the trailing twelve months (TTM) ended in Jun. 2026 was 52.233 (Sep. 2025 ) + -74.421 (Dec. 2025 ) + 66.568 (Mar. 2026 ) + 94.944 (Jun. 2026 ) = ฿139 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.
NFC PCL (BKK:NFC) has a Sloan Ratio % of -3.76% as of Jun. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on NFC PCL and its competitors.
Is NFC PCL's Sloan Ratio % too high?
NFC PCL's current Sloan Ratio % is -3.76%. Overall, NFC PCL has a GF Score™ of 8/100, reflecting its overall financial health beyond just this single metric.
How does NFC PCL's Sloan Ratio % compare to CTVA and CF?
NFC PCL's Sloan Ratio % of -3.76% can be compared against companies in the Agriculture 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 Agriculture company?
A good Sloan Ratio % depends on the Agriculture 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 NFC PCL and its competitors. NFC PCL's current Sloan Ratio % is -3.76%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NFC PCL stock overvalued right now?
NFC PCL (BKK:NFC) has a current Sloan Ratio % of -3.76%. The stock's GF Value™ is ฿3.56, compared to a current price of ฿1.23 — trading 65.4% below its estimated fair value. The current Sloan Ratio % is -3.76%. NFC PCL's overall GF Score™ is 8/100 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 NFC PCL (BKK:NFC), the current Sloan Ratio % is -3.76% 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 NFC PCL (BKK:NFC) Overvalued in 2026?
Based on GuruFocus' analysis, NFC PCL stock appears to be undervalued.
The current stock price of ฿1.23 is trading 65.4% below its estimated GF Value™ of ฿3.56.
Key valuation signals for BKK:NFC:
Sloan Ratio %: -3.76%
GF Value™: ฿3.56 vs. price of ฿1.23 (65.4% below fair value)
No single metric tells the full story. See the BKK:NFC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
NFC PCL core business activity is the sale of chemical products and the provision of other chemical related services. The Company also provides port and warehousing services, as well as logistics and liquid storage services. Its products and services include ammonia, ammonium hydroxide, sulfuric acid, warehousing services, logistics and liquid storage services, and port services. The Company operates through three reportable segments: Chemical, which generates the majority of the revenue; Service Fuel Tank Farm; and Port Service and Other.
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