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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.
East Japan Railway Co's Sloan Ratio for the quarter that ended in Mar. 2026 was 0.00%.
As of Mar. 2026, East Japan Railway Co has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
East Japan Railway Co (OTCPK:EJPRF) 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, East Japan Railway Co has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
East Japan Railway Co Sloan Ratio % Related Terms
East Japan Railway Co Sloan Ratio % Historical Data
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The historical data trend for East Japan Railway Co'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.
For the Railroads subindustry, East Japan Railway Co'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.
East Japan Railway Co Sloan Ratio % vs Transportation Industry
For the Transportation industry and Industrials sector, East Japan Railway Co's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where East Japan Railway Co'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.
East Japan Railway Co's Sloan Ratio for the fiscal year that ended in Mar. 2026 is calculated as
East Japan Railway Co's Net Income for the trailing twelve months (TTM) ended in Mar. 2026 was 544.644 (Jun. 2025 ) + 463.504 (Sep. 2025 ) + 463.131 (Dec. 2025 ) + 179.037 (Mar. 2026 ) = $1,650 Mil.
East Japan Railway Co's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was 0 (Jun. 2025 ) + 0 (Sep. 2025 ) + 0 (Dec. 2025 ) + 0 (Mar. 2026 ) = $0 Mil.
East Japan Railway Co's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2026 was 0 (Jun. 2025 ) + 0 (Sep. 2025 ) + 0 (Dec. 2025 ) + 0 (Mar. 2026 ) = $0 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.
East Japan Railway Co (EJPRF) has a Sloan Ratio % of 0.00% as of Mar. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on East Japan Railway Co and its competitors.
Is East Japan Railway Co's Sloan Ratio % too high?
East Japan Railway Co's current Sloan Ratio % is 0.00%. Overall, East Japan Railway Co has a GF Score™ of 70/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does East Japan Railway Co's Sloan Ratio % compare to UNP and CSX?
East Japan Railway Co's Sloan Ratio % of 0.00% 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 East Japan Railway Co and its competitors. East Japan Railway Co's current Sloan Ratio % is 0.00%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is East Japan Railway Co stock overvalued right now?
Based on GuruFocus' analysis, East Japan Railway Co (EJPRF) is currently considered Fairly Valued. The stock's GF Value™ is $21.70, compared to a current price of $23.30 — trading 7.4% above its estimated fair value. The current Sloan Ratio % is 0.00%. East Japan Railway Co's overall GF Score™ is 70/100 with 3 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 East Japan Railway Co (EJPRF), the current Sloan Ratio % is 0.00% 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 East Japan Railway Co (EJPRF) Overvalued in 2026?
Based on GuruFocus' analysis, East Japan Railway Co stock appears to be overvalued.
The current stock price of $23.30 is trading 7.4% above its estimated GF Value™ of $21.70.
GuruFocus considers East Japan Railway Co to be Fairly Valued.
Key valuation signals for EJPRF:
Sloan Ratio %: 0.00%
GF Value™: $21.70 vs. price of $23.30 (7.4% above fair value)
No single metric tells the full story. See the EJPRF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
East Japan Railway Company, or JR East, is the largest railway operator in Japan. It was originally established when the government-owned nationwide railway operator underwent a six-way territorial split in 1987, though it wasn't fully privatized until 2002. It runs both long distance bullet trains, known as Shinkansen, and shorter municipal train routes around and from Tokyo. Its 7,400 kilometers of rail track covers half of Japan's population and a third of the country's land area. Two thirds of revenue is from transportation, with most of the rest from retail operations and real estate investments.
70GF Score
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