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.
As of May. 2026, Daiwa Office Investment has a Sloan Ratio of 4.72%, indicating the company is in the safe zone and there is no funny business with accruals.
Daiwa Office Investment (OTCPK:DAFVF) 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 May. 2026, Daiwa Office Investment has a Sloan Ratio of 4.72%, indicating the company is in the safe zone and there is no funny business with accruals.
Daiwa Office Investment Sloan Ratio % Related Terms
Daiwa Office Investment 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 REIT - Office subindustry, Daiwa Office Investment'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.
Daiwa Office Investment Sloan Ratio % vs REITs Industry
For the REITs industry and Real Estate sector, Daiwa Office Investment's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Daiwa Office Investment'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.
Daiwa Office Investment's Sloan Ratio for the fiscal year that ended in Nov. 2024 is calculated as
For company reported semi-annually, GuruFocus uses latest two semi-annual data as the TTM data.
Daiwa Office Investment's Net Income for the trailing twelve months (TTM) ended in May. 2026 was 48.322 (Nov. 2025 ) + 50.054 (May. 2026 ) = $98.4 Mil.
Daiwa Office Investment's Cash Flow from Operations for the trailing twelve months (TTM) ended in May. 2026 was 79.446 (Nov. 2025 ) + 76.962 (May. 2026 ) = $156.4 Mil.
Daiwa Office Investment's Cash Flow from Investing for the trailing twelve months (TTM) ended in May. 2026 was -31.61 (Nov. 2025 ) + -178.75 (May. 2026 ) = $-210.4 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.
Daiwa Office Investment (DAFVF) has a Sloan Ratio % of 4.72% as of May. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Daiwa Office Investment and its competitors.
Is Daiwa Office Investment's Sloan Ratio % too high?
Daiwa Office Investment's current Sloan Ratio % is 4.72%. Overall, Daiwa Office Investment has a GF Score™ of 65/100, reflecting its overall financial health beyond just this single metric.
How does Daiwa Office Investment's Sloan Ratio % compare to BXP and ARE?
Daiwa Office Investment's Sloan Ratio % of 4.72% can be compared against companies in the REITs 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 REITs company?
A good Sloan Ratio % depends on the REITs 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 Daiwa Office Investment and its competitors. Daiwa Office Investment's current Sloan Ratio % is 4.72%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Daiwa Office Investment stock overvalued right now?
Daiwa Office Investment (DAFVF) has a current Sloan Ratio % of 4.72%. The stock's GF Value™ is $1,658.27, compared to a current price of $1,500.00 — trading 9.5% below its estimated fair value. The current Sloan Ratio % is 4.72%. Daiwa Office Investment's overall GF Score™ is 65/100 with 4 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 Daiwa Office Investment (DAFVF), the current Sloan Ratio % is 4.72% as of May. 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 Daiwa Office Investment (DAFVF) Overvalued in 2026?
Based on GuruFocus' analysis, Daiwa Office Investment stock appears to be undervalued.
The current stock price of $1,500.00 is trading 9.5% below its estimated GF Value™ of $1,658.27.
Key valuation signals for DAFVF:
Sloan Ratio %: 4.72%
GF Value™: $1,658.27 vs. price of $1,500.00 (9.5% below fair value)
No single metric tells the full story. See the DAFVF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Daiwa Office Investment Corp is a real estate investment trust focused on acquiring, managing, and leasing office properties located in the Five Central Wards of Tokyo. The vast majority of the company's real estate portfolio is composed of office buildings fairly evenly distributed between Tokyo's Five Central Wards in terms of total value. Daiwa derives nearly all of its income in the form of rental revenue from leasing its properties. The firm has a varied tenant base from a number of industries, including the entertainment, retail, insurance, and food and beverage companies.
65GF Score
Get the complete analysis for DAFVF
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
DAFVF has been successfully added to your 
