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.
Ratch Group PCL's Sloan Ratio for the quarter that ended in Mar. 2026 was -6.69%.
As of Mar. 2026, Ratch Group PCL has a Sloan Ratio of -6.69%, indicating the company is in the safe zone and there is no funny business with accruals.
Ratch Group PCL (BKK:RATCH) 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, Ratch Group PCL has a Sloan Ratio of -6.69%, indicating the company is in the safe zone and there is no funny business with accruals.
Ratch Group PCL Sloan Ratio % Related Terms
Ratch Group PCL Sloan Ratio % Historical Data
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The historical data trend for Ratch Group 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:RATCH vs NEE, SO, DUK: Sloan Ratio % Comparison
For the Utilities - Regulated Electric subindustry, Ratch Group 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.
Ratch Group PCL Sloan Ratio % vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Ratch Group PCL's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Ratch Group 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.
Ratch Group PCL's Sloan Ratio for the fiscal year that ended in Dec. 2025 is calculated as
Ratch Group PCL's Net Income for the trailing twelve months (TTM) ended in Mar. 2026 was 2057.452 (Jun. 2025 ) + 2168.347 (Sep. 2025 ) + 774.978 (Dec. 2025 ) + 1228.251 (Mar. 2026 ) = ฿6,229 Mil.
Ratch Group PCL's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was 2271.064 (Jun. 2025 ) + 2525.087 (Sep. 2025 ) + 5842.278 (Dec. 2025 ) + 2645.579 (Mar. 2026 ) = ฿13,284 Mil.
Ratch Group PCL's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2026 was 33.345 (Jun. 2025 ) + 604.276 (Sep. 2025 ) + 5380.841 (Dec. 2025 ) + 2924.073 (Mar. 2026 ) = ฿8,943 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.
Ratch Group PCL (BKK:RATCH) has a Sloan Ratio % of -6.69% as of Mar. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Ratch Group PCL and its competitors.
Is Ratch Group PCL's Sloan Ratio % too high?
Ratch Group PCL's current Sloan Ratio % is -6.69%. Overall, Ratch Group PCL has a GF Score™ of 60/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ratch Group PCL's Sloan Ratio % compare to NEE and SO?
Ratch Group PCL's Sloan Ratio % of -6.69% can be compared against companies in the Utilities - Regulated 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 Utilities - Regulated company?
A good Sloan Ratio % depends on the Utilities - Regulated 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 Ratch Group PCL and its competitors. Ratch Group PCL's current Sloan Ratio % is -6.69%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ratch Group PCL stock overvalued right now?
Based on GuruFocus' analysis, Ratch Group PCL (BKK:RATCH) is currently considered Modestly Overvalued. The stock's GF Value™ is ฿27.41, compared to a current price of ฿34.00 — trading 24% above its estimated fair value. The current Sloan Ratio % is -6.69%. Ratch Group PCL's overall GF Score™ is 60/100 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 Ratch Group PCL (BKK:RATCH), the current Sloan Ratio % is -6.69% 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 Ratch Group PCL (BKK:RATCH) Overvalued in 2026?
Based on GuruFocus' analysis, Ratch Group PCL stock appears to be overvalued.
The current stock price of ฿34.00 is trading 24% above its estimated GF Value™ of ฿27.41.
GuruFocus considers Ratch Group PCL to be Modestly Overvalued.
Key valuation signals for BKK:RATCH:
Sloan Ratio %: -6.69%
GF Value™: ฿27.41 vs. price of ฿34.00 (24% above fair value)
No single metric tells the full story. See the BKK:RATCH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ratch Group PCL is a Thailand-based holding company. The Company's principal businesses are investing in companies whose objectives are to generate and sell electricity and develop power energy projects and infrastructure projects. The Group has four operating segments: Domestic Electricity Generating, Domestic Renewable Energy, International Power Projects, and Domestic Related Business & Infrastructure. The majority of revenue is from the domestic electricity-generating segment. Geographically, the majority of income is from Thailand. Its investment is mainly focused on fossil fuel power generation projects, renewable projects, and businesses adjacent to electricity generation and energy both in Thailand & internationally.
60GF Score
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