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.
IRPC PCL's Sloan Ratio for the quarter that ended in Mar. 2026 was -13.37%.
As of Mar. 2026, IRPC PCL has a Sloan Ratio of -13.37%, indicating there is a warning stage of accrual build up.
IRPC PCL (FRA:NVPF) 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, IRPC PCL has a Sloan Ratio of -13.37%, indicating there is a warning stage of accrual build up.
IRPC PCL Sloan Ratio % Related Terms
IRPC PCL Sloan Ratio % Historical Data
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The historical data trend for IRPC PCL'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:NVPF vs VLO, MPC, PSX: Sloan Ratio % Comparison
For the Oil & Gas Refining & Marketing subindustry, IRPC PCL'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.
IRPC PCL Sloan Ratio % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, IRPC PCL's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where IRPC PCL'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.
IRPC PCL's Sloan Ratio for the fiscal year that ended in Dec. 2025 is calculated as
IRPC PCL's Net Income for the trailing twelve months (TTM) ended in Mar. 2026 was -56.731 (Jun. 2025 ) + 9.071 (Sep. 2025 ) + -15.514 (Dec. 2025 ) + 211.514 (Mar. 2026 ) = €148 Mil.
IRPC PCL's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was 49.116 (Jun. 2025 ) + 261.773 (Sep. 2025 ) + 381.348 (Dec. 2025 ) + 203.594 (Mar. 2026 ) = €896 Mil.
IRPC PCL's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2026 was -11.582 (Jun. 2025 ) + -5.56 (Sep. 2025 ) + 28.523 (Dec. 2025 ) + 20.313 (Mar. 2026 ) = €32 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.
IRPC PCL (FRA:NVPF) has a Sloan Ratio % of -13.37% as of Mar. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on IRPC PCL and its competitors.
Is IRPC PCL's Sloan Ratio % too high?
IRPC PCL's current Sloan Ratio % is -13.37%. Overall, IRPC PCL has a GF Score™ of 61/100, reflecting its overall financial health beyond just this single metric.
How does IRPC PCL's Sloan Ratio % compare to VLO and MPC?
IRPC PCL's Sloan Ratio % of -13.37% can be compared against companies in the Oil & Gas 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 Oil & Gas company?
A good Sloan Ratio % depends on the Oil & Gas 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 IRPC PCL and its competitors. IRPC PCL's current Sloan Ratio % is -13.37%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is IRPC PCL stock overvalued right now?
IRPC PCL (FRA:NVPF) has a current Sloan Ratio % of -13.37%. The stock's GF Value™ is €0.04, compared to a current price of €0.05 — trading 13.8% above its estimated fair value. The current Sloan Ratio % is -13.37%. IRPC PCL's overall GF Score™ is 61/100 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 IRPC PCL (FRA:NVPF), the current Sloan Ratio % is -13.37% 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 IRPC PCL (FRA:NVPF) Overvalued in 2026?
Based on GuruFocus' analysis, IRPC PCL stock appears to be overvalued.
The current stock price of €0.05 is trading 13.8% above its estimated GF Value™ of €0.04.
Key valuation signals for FRA:NVPF:
Sloan Ratio %: -13.37%
GF Value™: €0.04 vs. price of €0.05 (13.8% above fair value)
No single metric tells the full story. See the FRA:NVPF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
IRPC PCL is a Thailand-based company. The Company is principally engaged in the petroleum and petrochemical business, with its products being refinery, lubricant, olefins, aromatics, plastic resins, and other petrochemical products. The company operates in three reportable segments: the Petroleum products segment, which produces and sells refinery, lubricant, and asphalt; the petrochemical products segment, which produces and sells olefins, aromatics, and related products, including special products; and Other business segments, includes divisions related to the Power plant, jetty, and other utilities. The majority of its revenue is derived from the Petroleum products segment. The Company operates its sales in Thailand, Singapore, and Others.
61GF Score
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Sloan Ratio % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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