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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.
Jiangsu Lopal Tech Group Co (HAM:9OU) 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, Jiangsu Lopal Tech Group Co has a Sloan Ratio of 14.51%, indicating there is a warning stage of accrual build up.
Jiangsu Lopal Tech Group Co Sloan Ratio % Related Terms
Jiangsu Lopal Tech Group Co 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.
For the Oil & Gas Refining & Marketing subindustry, Jiangsu Lopal Tech Group 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.
Jiangsu Lopal Tech Group Co Sloan Ratio % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Jiangsu Lopal Tech Group Co's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Jiangsu Lopal Tech Group Co's Sloan Ratio % falls into.
Jiangsu Lopal Tech Group Co Sloan Ratio % Calculation
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.
Jiangsu Lopal Tech Group Co's Net Income for the trailing twelve months (TTM) ended in Jun. 2026 was -25.317 (Sep. 2025 ) + -62.059 (Dec. 2025 ) + 214.262 (Mar. 2026 ) + 206.239 (Jun. 2026 ) = €333 Mil.
Jiangsu Lopal Tech Group Co's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 was -72.427 (Sep. 2025 ) + 459.998 (Dec. 2025 ) + -1733.349 (Mar. 2026 ) + -767.587 (Jun. 2026 ) = €-2,113 Mil.
Jiangsu Lopal Tech Group Co's Cash Flow from Investing for the trailing twelve months (TTM) ended in Jun. 2026 was 340.322 (Sep. 2025 ) + 521.149 (Dec. 2025 ) + -630.623 (Mar. 2026 ) + -1669.515 (Jun. 2026 ) = €-1,439 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.
Jiangsu Lopal Tech Group Co (HAM:9OU) has a Sloan Ratio % of 14.51% as of Jun. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Jiangsu Lopal Tech Group Co and its competitors.
Is Jiangsu Lopal Tech Group Co's Sloan Ratio % too high?
Jiangsu Lopal Tech Group Co's current Sloan Ratio % is 14.51%. Overall, Jiangsu Lopal Tech Group Co has a GF Score™ of 65/100, reflecting its overall financial health beyond just this single metric.
How does Jiangsu Lopal Tech Group Co's Sloan Ratio % compare to ?
Jiangsu Lopal Tech Group Co's Sloan Ratio % of 14.51% 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 Jiangsu Lopal Tech Group Co and its competitors. Jiangsu Lopal Tech Group Co's current Sloan Ratio % is 14.51%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Jiangsu Lopal Tech Group Co stock overvalued right now?
Jiangsu Lopal Tech Group Co (HAM:9OU) has a current Sloan Ratio % of 14.51%. The stock's GF Value™ is €0.66, compared to a current price of €1.01 — trading 53% above its estimated fair value. The current Sloan Ratio % is 14.51%. Jiangsu Lopal Tech Group Co's overall GF Score™ is 65/100 with 9 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 Jiangsu Lopal Tech Group Co (HAM:9OU), the current Sloan Ratio % is 14.51% 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 Jiangsu Lopal Tech Group Co (HAM:9OU) Overvalued in 2026?
Based on GuruFocus' analysis, Jiangsu Lopal Tech Group Co stock appears to be overvalued.
The current stock price of €1.01 is trading 53% above its estimated GF Value™ of €0.66.
Key valuation signals for HAM:9OU:
Sloan Ratio %: 14.51%
GF Value™: €0.66 vs. price of €1.01 (53% above fair value)
No single metric tells the full story. See the HAM:9OU stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Jiangsu Lopal Tech Group Co Ltd and its subsidiaries are principally engaged in the production and sale of lithium iron phosphate (LFP) cathode materials and automotive specialty chemicals. Its product offerings mainly include lithium cathode materials used in new energy vehicles and energy storage products; and automotive and industrial lubricants, diesel engine exhaust treatment fluids, coolants, and a variety of automotive maintenance products, marketed under Lopal, Kelas, and Teec brands. The Group's operating segments are: Sale of LFP cathode materials, which generate maximum revenue, Processing of lithium carbonate and raw materials, Sale of automotive specialty chemicals, and Other businesses.
65GF 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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