Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
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.
Trc Construction PCL's Sloan Ratio for the quarter that ended in Jun. 2026 was -10.10%.
As of Jun. 2026, Trc Construction PCL has a Sloan Ratio of -10.10%, indicating there is a warning stage of accrual build up.
Trc Construction PCL (BKK:TRC-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 Jun. 2026, Trc Construction PCL has a Sloan Ratio of -10.10%, indicating there is a warning stage of accrual build up.
Trc Construction PCL Sloan Ratio % Related Terms
Trc Construction PCL Sloan Ratio % Historical Data
* Premium members only.
The historical data trend for Trc Construction 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:TRC-R vs PWR, FIX, EME: Sloan Ratio % Comparison
For the Engineering & Construction subindustry, Trc Construction 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.
Trc Construction PCL Sloan Ratio % vs Construction Industry
For the Construction industry and Industrials sector, Trc Construction PCL's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Trc Construction 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.
Trc Construction PCL's Sloan Ratio for the fiscal year that ended in Dec. 2025 is calculated as
Trc Construction PCL's Net Income for the trailing twelve months (TTM) ended in Jun. 2026 was -106.972 (Sep. 2025 ) + -82.054 (Dec. 2025 ) + -52.375 (Mar. 2026 ) + -68.123 (Jun. 2026 ) = ฿-309.5 Mil.
Trc Construction PCL's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 was 1.391 (Sep. 2025 ) + 65.919 (Dec. 2025 ) + -59.866 (Mar. 2026 ) + -7.561 (Jun. 2026 ) = ฿-0.1 Mil.
Trc Construction PCL's Cash Flow from Investing for the trailing twelve months (TTM) ended in Jun. 2026 was -0.389 (Sep. 2025 ) + -2.364 (Dec. 2025 ) + 1.043 (Mar. 2026 ) + 1.067 (Jun. 2026 ) = ฿-0.6 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.
Trc Construction PCL (BKK:TRC-R) has a Sloan Ratio % of -10.10% as of Jun. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Trc Construction PCL and its competitors.
Is Trc Construction PCL's Sloan Ratio % too high?
Trc Construction PCL's current Sloan Ratio % is -10.10%. Overall, Trc Construction PCL has a GF Score™ of 16/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Trc Construction PCL's Sloan Ratio % compare to PWR and FIX?
Trc Construction PCL's Sloan Ratio % of -10.10% 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 Trc Construction PCL and its competitors. Trc Construction PCL's current Sloan Ratio % is -10.10%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Trc Construction PCL stock overvalued right now?
Based on GuruFocus' analysis, Trc Construction PCL (BKK:TRC-R) is currently considered Significantly Overvalued. The stock's GF Value™ is ฿0.19, compared to a current price of ฿0.64 — trading 236.2% above its estimated fair value. The current Sloan Ratio % is -10.10%. Trc Construction PCL's overall GF Score™ is 16/100 with 6 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 Trc Construction PCL (BKK:TRC-R), the current Sloan Ratio % is -10.10% 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 Trc Construction PCL (BKK:TRC-R) Overvalued in 2026?
Based on GuruFocus' analysis, Trc Construction PCL stock appears to be overvalued.
The current stock price of ฿0.64 is trading 236.2% above its estimated GF Value™ of ฿0.19.
GuruFocus considers Trc Construction PCL to be Significantly Overvalued.
Key valuation signals for BKK:TRC-R:
Sloan Ratio %: -10.10%
GF Value™: ฿0.19 vs. price of ฿0.64 (236.2% above fair value)
No single metric tells the full story. See the BKK:TRC-R stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Trc Construction PCL is engaged in the construction business. It offers engineering design, procurement, construction, project management and maintenance services. The Group is organized into business units based on its products and services and have four reportable segments as follows: Pipeline System Construction segment, Civil Work Construction segment, Engineering System installation and factory construction for energy and petrochemical business segment, and Sales and Other Services. The Civil Work Segment derives maximum revenue. Geographically, it operates only in Thailand.
16GF Score
Get the complete analysis for BKK:TRC-R
Sloan Ratio % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
BKK:TRC-R has been successfully added to your 
