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.
Stonehenge Inter PCL's Sloan Ratio for the quarter that ended in Mar. 2026 was -11.11%.
As of Mar. 2026, Stonehenge Inter PCL has a Sloan Ratio of -11.11%, indicating there is a warning stage of accrual build up.
Stonehenge Inter PCL (BKK:STI-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, Stonehenge Inter PCL has a Sloan Ratio of -11.11%, indicating there is a warning stage of accrual build up.
Stonehenge Inter PCL Sloan Ratio % Related Terms
Stonehenge Inter PCL Sloan Ratio % Historical Data
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The historical data trend for Stonehenge Inter 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:STI-R vs PWR, FIX, EME: Sloan Ratio % Comparison
For the Engineering & Construction subindustry, Stonehenge Inter 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.
Stonehenge Inter PCL Sloan Ratio % vs Construction Industry
For the Construction industry and Industrials sector, Stonehenge Inter PCL's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Stonehenge Inter 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.
Stonehenge Inter PCL's Sloan Ratio for the fiscal year that ended in Sep. 2025 is calculated as
Stonehenge Inter PCL's Net Income for the trailing twelve months (TTM) ended in Mar. 2026 was 8.976 (Jun. 2025 ) + 20.629 (Sep. 2025 ) + 6.686 (Dec. 2025 ) + 13.49 (Mar. 2026 ) = ฿50 Mil.
Stonehenge Inter PCL's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was 34.179 (Jun. 2025 ) + 82.665 (Sep. 2025 ) + 117.802 (Dec. 2025 ) + 36.531 (Mar. 2026 ) = ฿271 Mil.
Stonehenge Inter PCL's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2026 was -0.67 (Jun. 2025 ) + -0.796 (Sep. 2025 ) + -0.732 (Dec. 2025 ) + -1.934 (Mar. 2026 ) = ฿-4 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.
Stonehenge Inter PCL (BKK:STI-R) has a Sloan Ratio % of -11.11% as of Mar. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Stonehenge Inter PCL and its competitors.
Is Stonehenge Inter PCL's Sloan Ratio % too high?
Stonehenge Inter PCL's current Sloan Ratio % is -11.11%. Overall, Stonehenge Inter PCL has a GF Score™ of 72/100, reflecting its overall financial health beyond just this single metric.
How does Stonehenge Inter PCL's Sloan Ratio % compare to PWR and FIX?
Stonehenge Inter PCL's Sloan Ratio % of -11.11% can be compared against companies in the Construction 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 Construction company?
A good Sloan Ratio % depends on the Construction 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 Stonehenge Inter PCL and its competitors. Stonehenge Inter PCL's current Sloan Ratio % is -11.11%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Stonehenge Inter PCL stock overvalued right now?
Stonehenge Inter PCL (BKK:STI-R) has a current Sloan Ratio % of -11.11%. The stock's GF Value™ is ฿2.67, compared to a current price of ฿1.70 — trading 36.3% below its estimated fair value. The current Sloan Ratio % is -11.11%. Stonehenge Inter PCL's overall GF Score™ is 72/100 with 7 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 Stonehenge Inter PCL (BKK:STI-R), the current Sloan Ratio % is -11.11% 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 Stonehenge Inter PCL (BKK:STI-R) Overvalued in 2026?
Based on GuruFocus' analysis, Stonehenge Inter PCL stock appears to be undervalued.
The current stock price of ฿1.70 is trading 36.3% below its estimated GF Value™ of ฿2.67.
Key valuation signals for BKK:STI-R:
Sloan Ratio %: -11.11%
GF Value™: ฿2.67 vs. price of ฿1.70 (36.3% below fair value)
No single metric tells the full story. See the BKK:STI-R stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Stonehenge Inter PCL is engaged in consulting & construction management services and the design of architectural, engineering, and other services. The group is organised into business units based on its services and has two reportable segments as follows: Consulting and management services segment, Design of architectural, engineering services, and other services. The company derives a vast majority of its revenues from the Consulting and management services segment.
72GF Score
Get the complete analysis for BKK:STI-R
Sloan Ratio % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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