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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.
As of Mar. 2026, Kurita Water Industries has a Sloan Ratio of -0.88%, indicating the company is in the safe zone and there is no funny business with accruals.
Kurita Water Industries (FRA:KWI) 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, Kurita Water Industries has a Sloan Ratio of -0.88%, indicating the company is in the safe zone and there is no funny business with accruals.
Kurita Water Industries Sloan Ratio % Related Terms
Kurita Water Industries 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.
FRA:KWI vs VLTO, ZWS, CECO: Sloan Ratio % Comparison
For the Pollution & Treatment Controls subindustry, Kurita Water Industries'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.
Kurita Water Industries Sloan Ratio % vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Kurita Water Industries's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Kurita Water Industries'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.
Kurita Water Industries's Sloan Ratio for the fiscal year that ended in Mar. 2026 is calculated as
Kurita Water Industries's Net Income for the trailing twelve months (TTM) ended in Mar. 2026 was 33.838 (Jun. 2025 ) + 66.466 (Sep. 2025 ) + 56.033 (Dec. 2025 ) + -62.399 (Mar. 2026 ) = €94 Mil.
Kurita Water Industries's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was 61.927 (Jun. 2025 ) + 103.752 (Sep. 2025 ) + 42.658 (Dec. 2025 ) + 106.177 (Mar. 2026 ) = €315 Mil.
Kurita Water Industries's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2026 was -60.697 (Jun. 2025 ) + -39.707 (Sep. 2025 ) + -41.047 (Dec. 2025 ) + -51.9 (Mar. 2026 ) = €-193 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.
Kurita Water Industries (FRA:KWI) has a Sloan Ratio % of -0.88% as of Mar. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Kurita Water Industries and its competitors.
Is Kurita Water Industries' Sloan Ratio % too high?
Kurita Water Industries' current Sloan Ratio % is -0.88%. Overall, Kurita Water Industries has a GF Score™ of 90/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Kurita Water Industries' Sloan Ratio % compare to VLTO and ZWS?
Kurita Water Industries' Sloan Ratio % of -0.88% can be compared against companies in the Industrial Products 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 Industrial Products company?
A good Sloan Ratio % depends on the Industrial Products 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 Kurita Water Industries and its competitors. Kurita Water Industries's current Sloan Ratio % is -0.88%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kurita Water Industries stock overvalued right now?
Based on GuruFocus' analysis, Kurita Water Industries (FRA:KWI) is currently considered Significantly Overvalued. The stock's GF Value™ is €34.45, compared to a current price of €47.36 — trading 37.5% above its estimated fair value. The current Sloan Ratio % is -0.88%. Kurita Water Industries' overall GF Score™ is 90/100 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 Kurita Water Industries (FRA:KWI), the current Sloan Ratio % is -0.88% 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 Kurita Water Industries (FRA:KWI) Overvalued in 2026?
Based on GuruFocus' analysis, Kurita Water Industries stock appears to be overvalued.
The current stock price of €47.36 is trading 37.5% above its estimated GF Value™ of €34.45.
GuruFocus considers Kurita Water Industries to be Significantly Overvalued.
Key valuation signals for FRA:KWI:
Sloan Ratio %: -0.88%
GF Value™: €34.45 vs. price of €47.36 (37.5% above fair value)
No single metric tells the full story. See the FRA:KWI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Kurita Water Industries Ltd. is a provider of water treatment solutions in Japan. It operates through two segments: the Electronic market and the General water treatment market. The company provides a wide range of water treatment chemicals, systems, and services, including wastewater and ultrapure water solutions, facility maintenance, and environmental remediation, serving both industrial and household needs.
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