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.
Micronics Japan Co's Sloan Ratio for the quarter that ended in Jun. 2026 was 0.00%.
As of Jun. 2026, Micronics Japan Co has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
Micronics Japan Co (FRA:MJ3) 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, Micronics Japan Co has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
Micronics Japan Co Sloan Ratio % Related Terms
Micronics Japan Co Sloan Ratio % Historical Data
* Premium members only.
The historical data trend for Micronics Japan 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.
FRA:MJ3 vs AMAT, LRCX, KLAC: Sloan Ratio % Comparison
For the Semiconductor Equipment & Materials subindustry, Micronics Japan 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.
Micronics Japan Co Sloan Ratio % vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Micronics Japan Co's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Micronics Japan 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.
Micronics Japan Co's Sloan Ratio for the fiscal year that ended in Dec. 2024 is calculated as
Micronics Japan Co's Net Income for the trailing twelve months (TTM) ended in Jun. 2026 was 13.31 (Sep. 2025 ) + 27.272 (Dec. 2025 ) + 23.941 (Mar. 2026 ) + 38.166 (Jun. 2026 ) = €102.7 Mil.
Micronics Japan Co's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 was 0 (Sep. 2025 ) + 0 (Dec. 2025 ) + 0 (Mar. 2026 ) + 0 (Jun. 2026 ) = €0.0 Mil.
Micronics Japan Co's Cash Flow from Investing for the trailing twelve months (TTM) ended in Jun. 2026 was 0 (Sep. 2025 ) + 0 (Dec. 2025 ) + 0 (Mar. 2026 ) + 0 (Jun. 2026 ) = €0.0 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.
Micronics Japan Co (FRA:MJ3) has a Sloan Ratio % of 0.00% as of Jun. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Micronics Japan Co and its competitors.
Is Micronics Japan Co's Sloan Ratio % too high?
Micronics Japan Co's current Sloan Ratio % is 0.00%. Overall, Micronics Japan Co has a GF Score™ of 89/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Micronics Japan Co's Sloan Ratio % compare to AMAT and LRCX?
Micronics Japan Co's Sloan Ratio % of 0.00% can be compared against companies in the Semiconductors 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 Semiconductors company?
A good Sloan Ratio % depends on the Semiconductors 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 Micronics Japan Co and its competitors. Micronics Japan 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 Micronics Japan Co stock overvalued right now?
Based on GuruFocus' analysis, Micronics Japan Co (FRA:MJ3) is currently considered Significantly Overvalued. The stock's GF Value™ is €45.58, compared to a current price of €83.00 — trading 82.1% above its estimated fair value. The current Sloan Ratio % is 0.00%. Micronics Japan Co's overall GF Score™ is 89/100 with 1 warning sign 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 Micronics Japan Co (FRA:MJ3), the current Sloan Ratio % is 0.00% 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 Micronics Japan Co (FRA:MJ3) Overvalued in 2026?
Based on GuruFocus' analysis, Micronics Japan Co stock appears to be overvalued.
The current stock price of €83.00 is trading 82.1% above its estimated GF Value™ of €45.58.
GuruFocus considers Micronics Japan Co to be Significantly Overvalued.
Key valuation signals for FRA:MJ3:
Sloan Ratio %: 0.00%
GF Value™: €45.58 vs. price of €83.00 (82.1% above fair value)
No single metric tells the full story. See the FRA:MJ3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Micronics Japan Co Ltd is a Japanese company which is engaged in manufacturing of semiconductor and related products. It mainly produces probe cards for testing the electrical properties of wafers, testing equipment and test sockets for property testing after packaging, and a wafer prober, which is used for evaluation and analysis of devices. The company also offers products such as array probers, which are used for testing the electrical properties of flat panel displays (FDP), automated optical inspection equipment used for the display inspection of panels, and probe units that send electrical signals to test panels. Its product portfolio includes probe cards, package probe, semiconductor test equipment, automated optical inspection equipment, probe units, and FDP prober products.
89GF Score
Get the complete analysis for FRA:MJ3
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
FRA:MJ3 has been successfully added to your 
