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 Mar. 2026, Pinthong Industrial Park has a Sloan Ratio of -1.53%, indicating the company is in the safe zone and there is no funny business with accruals.
Pinthong Industrial Park (BKK:PIN-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, Pinthong Industrial Park has a Sloan Ratio of -1.53%, indicating the company is in the safe zone and there is no funny business with accruals.
Pinthong Industrial Park Sloan Ratio % Related Terms
Pinthong Industrial Park 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.
Pinthong Industrial Park Sloan Ratio % Competitor Comparison
For the Real Estate - Development subindustry, Pinthong Industrial Park'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.
Pinthong Industrial Park Sloan Ratio % vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Pinthong Industrial Park's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Pinthong Industrial Park's Sloan Ratio % falls into.
Pinthong Industrial Park 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.
Pinthong Industrial Park's Sloan Ratio for the fiscal year that ended in Dec. 2025 is calculated as
Pinthong Industrial Park's Net Income for the trailing twelve months (TTM) ended in Mar. 2026 was 175.885 (Jun. 2025 ) + 56.337 (Sep. 2025 ) + 212.151 (Dec. 2025 ) + 242.128 (Mar. 2026 ) = ฿687 Mil.
Pinthong Industrial Park's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was 284.517 (Jun. 2025 ) + -190.126 (Sep. 2025 ) + -8.952 (Dec. 2025 ) + 404.507 (Mar. 2026 ) = ฿490 Mil.
Pinthong Industrial Park's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2026 was -24.836 (Jun. 2025 ) + -11.496 (Sep. 2025 ) + 369.959 (Dec. 2025 ) + -5.708 (Mar. 2026 ) = ฿328 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.
Pinthong Industrial Park (BKK:PIN-R) has a Sloan Ratio % of -1.53% as of Mar. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Pinthong Industrial Park and its competitors.
Is Pinthong Industrial Park's Sloan Ratio % too high?
Pinthong Industrial Park's current Sloan Ratio % is -1.53%. Overall, Pinthong Industrial Park has a GF Score™ of 88/100, reflecting its overall financial health beyond just this single metric.
How does Pinthong Industrial Park's Sloan Ratio % compare to competitors?
Pinthong Industrial Park's Sloan Ratio % of -1.53% can be compared against companies in the Real Estate 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 Real Estate company?
A good Sloan Ratio % depends on the Real Estate 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 Pinthong Industrial Park and its competitors. Pinthong Industrial Park's current Sloan Ratio % is -1.53%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Pinthong Industrial Park stock overvalued right now?
Pinthong Industrial Park (BKK:PIN-R) has a current Sloan Ratio % of -1.53%. The stock's GF Value™ is ฿3.31, compared to a current price of ฿4.27 — trading 29.1% above its estimated fair value. The current Sloan Ratio % is -1.53%. Pinthong Industrial Park's overall GF Score™ is 88/100 with 8 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 Pinthong Industrial Park (BKK:PIN-R), the current Sloan Ratio % is -1.53% 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 Pinthong Industrial Park (BKK:PIN-R) Overvalued in 2026?
Based on GuruFocus' analysis, Pinthong Industrial Park stock appears to be overvalued.
The current stock price of ฿4.27 is trading 29.1% above its estimated GF Value™ of ฿3.31.
Key valuation signals for BKK:PIN-R:
Sloan Ratio %: -1.53%
GF Value™: ฿3.31 vs. price of ฿4.27 (29.1% above fair value)
No single metric tells the full story. See the BKK:PIN-R stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Pinthong Industrial Park PLC is engaged in the development of real estate projects, industrial estate and buildings for rent. Its operations are carried out only in Thailand. The company generates the majority of its revenue from the Real Estate sales.
88GF Score
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