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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.
Samart Aviation Solutions PCL (BKK:SAV) 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, Samart Aviation Solutions PCL has a Sloan Ratio of 10.37%, indicating there is a warning stage of accrual build up.
Samart Aviation Solutions PCL Sloan Ratio % Related Terms
Samart Aviation Solutions 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.
For the Airports & Air Services subindustry, Samart Aviation Solutions 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.
Samart Aviation Solutions PCL Sloan Ratio % vs Transportation Industry
For the Transportation industry and Industrials sector, Samart Aviation Solutions PCL's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Samart Aviation Solutions PCL's Sloan Ratio % falls into.
Samart Aviation Solutions 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.
Samart Aviation Solutions PCL's Net Income for the trailing twelve months (TTM) ended in Jun. 2026 was 128.134 (Sep. 2025 ) + 146.062 (Dec. 2025 ) + 143.069 (Mar. 2026 ) + 121.826 (Jun. 2026 ) = ฿539 Mil.
Samart Aviation Solutions PCL's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 was 236.004 (Sep. 2025 ) + 143.769 (Dec. 2025 ) + 67.266 (Mar. 2026 ) + 183.45 (Jun. 2026 ) = ฿630 Mil.
Samart Aviation Solutions PCL's Cash Flow from Investing for the trailing twelve months (TTM) ended in Jun. 2026 was 102.315 (Sep. 2025 ) + -117.767 (Dec. 2025 ) + -95.464 (Mar. 2026 ) + -219.116 (Jun. 2026 ) = ฿-330 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.
Samart Aviation Solutions PCL (BKK:SAV) has a Sloan Ratio % of 10.37% as of Jun. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Samart Aviation Solutions PCL and its competitors.
Is Samart Aviation Solutions PCL's Sloan Ratio % too high?
Samart Aviation Solutions PCL's current Sloan Ratio % is 10.37%. Overall, Samart Aviation Solutions PCL has a GF Score™ of 36/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Samart Aviation Solutions PCL's Sloan Ratio % compare to JOBY and CAAP?
Samart Aviation Solutions PCL's Sloan Ratio % of 10.37% can be compared against companies in the Transportation 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 Transportation company?
A good Sloan Ratio % depends on the Transportation 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 Samart Aviation Solutions PCL and its competitors. Samart Aviation Solutions PCL's current Sloan Ratio % is 10.37%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Samart Aviation Solutions PCL stock overvalued right now?
Based on GuruFocus' analysis, Samart Aviation Solutions PCL (BKK:SAV) is currently considered Significantly Undervalued. The stock's GF Value™ is ฿19.37, compared to a current price of ฿10.90 — trading 43.7% below its estimated fair value. The current Sloan Ratio % is 10.37%. Samart Aviation Solutions PCL's overall GF Score™ is 36/100 with 1 warning sign 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 Samart Aviation Solutions PCL (BKK:SAV), the current Sloan Ratio % is 10.37% 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 Samart Aviation Solutions PCL (BKK:SAV) Overvalued in 2026?
Based on GuruFocus' analysis, Samart Aviation Solutions PCL stock appears to be undervalued.
The current stock price of ฿10.90 is trading 43.7% below its estimated GF Value™ of ฿19.37.
GuruFocus considers Samart Aviation Solutions PCL to be Significantly Undervalued.
Key valuation signals for BKK:SAV:
Sloan Ratio %: 10.37%
GF Value™: ฿19.37 vs. price of ฿10.90 (43.7% below fair value)
No single metric tells the full story. See the BKK:SAV stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Samart Aviation Solutions PCL is a holding company. It is engaged in providing air traffic control services in Cambodia. The group is principally engaged in Utilities and Transportation. The single geographical area of operations is Cambodia.
36GF Score
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