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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.
Toho Co's Sloan Ratio for the quarter that ended in May. 2026 was 0.77%.
As of May. 2026, Toho Co has a Sloan Ratio of 0.77%, indicating the company is in the safe zone and there is no funny business with accruals.
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 May. 2026, Toho Co has a Sloan Ratio of 0.77%, indicating the company is in the safe zone and there is no funny business with accruals.
Toho Co Sloan Ratio % Related Terms
Toho Co Sloan Ratio % Historical Data
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The historical data trend for Toho 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:TOH vs NFLX, DIS, WBD: Sloan Ratio % Comparison
For the Entertainment subindustry, Toho 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.
Toho Co Sloan Ratio % vs Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, Toho Co's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Toho 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.
Toho Co's Sloan Ratio for the fiscal year that ended in Feb. 2026 is calculated as
Toho Co's Net Income for the trailing twelve months (TTM) ended in May. 2026 was 127.471 (Aug. 2025 ) + 73.246 (Nov. 2025 ) + 28.26 (Feb. 2026 ) + 44.361 (May. 2026 ) = €273 Mil.
Toho Co's Cash Flow from Operations for the trailing twelve months (TTM) ended in May. 2026 was 148.212 (Aug. 2025 ) + 30.019 (Nov. 2025 ) + 66.517 (Feb. 2026 ) + 64.111 (May. 2026 ) = €309 Mil.
Toho Co's Cash Flow from Investing for the trailing twelve months (TTM) ended in May. 2026 was -52.165 (Aug. 2025 ) + 115.515 (Nov. 2025 ) + -148.1 (Feb. 2026 ) + 20.254 (May. 2026 ) = €-64 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.
Toho Co (FRA:TOH) has a Sloan Ratio % of 0.77% as of May. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Toho Co and its competitors.
Is Toho Co's Sloan Ratio % too high?
Toho Co's current Sloan Ratio % is 0.77%. Overall, Toho Co has a GF Score™ of 96/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Toho Co's Sloan Ratio % compare to NFLX and DIS?
Toho Co's Sloan Ratio % of 0.77% can be compared against companies in the Media - Diversified 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 Media - Diversified company?
A good Sloan Ratio % depends on the Media - Diversified 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 Toho Co and its competitors. Toho Co's current Sloan Ratio % is 0.77%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Toho Co stock overvalued right now?
Based on GuruFocus' analysis, Toho Co (FRA:TOH) is currently considered Fairly Valued. The stock's GF Value™ is €8.20, compared to a current price of €8.25 — trading 0.6% above its estimated fair value. The current Sloan Ratio % is 0.77%. Toho Co's overall GF Score™ is 96/100. 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 Toho Co (FRA:TOH), the current Sloan Ratio % is 0.77% as of May. 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 Toho Co (FRA:TOH) Overvalued in 2026?
Based on GuruFocus' analysis, Toho Co stock appears to be overvalued.
The current stock price of €8.25 is trading 0.6% above its estimated GF Value™ of €8.20.
GuruFocus considers Toho Co to be Fairly Valued.
Key valuation signals for FRA:TOH:
Sloan Ratio %: 0.77%
GF Value™: €8.20 vs. price of €8.25 (0.6% above fair value)
No single metric tells the full story. See the FRA:TOH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Toho Co Ltd is a diversified media company with interests in the film and theater businesses. The company operates through three primary business segments: movie, theater, and real estate. The movie segment generates the vast majority of its revenue and is involved in the production and distribution of feature films. The theater segment is involved in planning, producing, and performing stage productions. The corporate real estate segment leases land and buildings. The company generates the vast majority of its revenue in Japan.
96GF Score
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