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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.
Exceed World's Sloan Ratio for the quarter that ended in Sep. 2025 was 26.83%.
Warning Sign:
When sloan ratio (25.68)% higher than 25% or lower than -25%, earnings are more likely to be made up of accruals.
As of Sep. 2025, Exceed World has a Sloan Ratio of 26.83%, indicating earnings are more likely to be made up of accruals.
Exceed World (OTCPK:EXDW) 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 Sep. 2025, Exceed World has a Sloan Ratio of 26.83%, indicating earnings are more likely to be made up of accruals.
Exceed World Sloan Ratio % Related Terms
Exceed World Sloan Ratio % Historical Data
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The historical data trend for Exceed World'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.
EXDW vs ASPU, WAFU, AMBO: Sloan Ratio % Comparison
For the Education & Training Services subindustry, Exceed World'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.
Exceed World Sloan Ratio % vs Education Industry
For the Education industry and Consumer Defensive sector, Exceed World's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Exceed World'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.
Exceed World's Sloan Ratio for the fiscal year that ended in Sep. 2025 is calculated as
Exceed World's Net Income for the trailing twelve months (TTM) ended in Sep. 2025 was -0.774 (Dec. 2024 ) + -1.632 (Mar. 2025 ) + -1.799 (Jun. 2025 ) + -2.472 (Sep. 2025 ) = $-6.68 Mil.
Exceed World's Cash Flow from Operations for the trailing twelve months (TTM) ended in Sep. 2025 was -1.445 (Dec. 2024 ) + -2.265 (Mar. 2025 ) + -2.426 (Jun. 2025 ) + -2.012 (Sep. 2025 ) = $-8.15 Mil.
Exceed World's Cash Flow from Investing for the trailing twelve months (TTM) ended in Sep. 2025 was -1.006 (Dec. 2024 ) + -0.876 (Mar. 2025 ) + -0.492 (Jun. 2025 ) + -0.904 (Sep. 2025 ) = $-3.28 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.
Exceed World (EXDW) has a Sloan Ratio % of 26.83% as of Sep. 2025. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Exceed World and its competitors.
Is Exceed World's Sloan Ratio % too high?
Exceed World's current Sloan Ratio % is 26.83%. Overall, Exceed World has a GF Score™ of 44/100, reflecting its overall financial health beyond just this single metric.
How does Exceed World's Sloan Ratio % compare to ASPU and WAFU?
Exceed World's Sloan Ratio % of 26.83% can be compared against companies in the Education 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 an Education company?
A good Sloan Ratio % depends on the Education 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 Exceed World and its competitors. Exceed World's current Sloan Ratio % is 26.83%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Exceed World stock overvalued right now?
Exceed World (EXDW) has a current Sloan Ratio % of 26.83%. The stock's GF Value™ is $0.15, compared to a current price of $0.29 — trading 95% above its estimated fair value. The current Sloan Ratio % is 26.83%. Exceed World's overall GF Score™ is 44/100 with 8 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 Exceed World (EXDW), the current Sloan Ratio % is 26.83% as of Sep. 2025. 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 Exceed World (EXDW) Overvalued in 2026?
Based on GuruFocus' analysis, Exceed World stock appears to be overvalued.
The current stock price of $0.29 is trading 95% above its estimated GF Value™ of $0.15.
Key valuation signals for EXDW:
Sloan Ratio %: 26.83%
GF Value™: $0.15 vs. price of $0.29 (95% above fair value)
No single metric tells the full story. See the EXDW stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Exceed World Inc is engaged in the education service business and provides educational services through an internet platform called Force Club. The company is an education service provider in Japan, offering a range of e-learning education programs and supporting services through Force Club. Its e-learning programs, procured from independent third-party software developers, include pre-school learning resources, resources supplementing elementary, junior high, and senior high school curricula, preparation courses for university entrance and professional qualification examinations, and English learning, serving customers from pre-school children to students and adult learners, mainly as supplemental learning resources and self-learning tools.
44GF Score
Get the complete analysis for EXDW
Sloan Ratio % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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