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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, PT Bumi Citra Permai Tbk has a Sloan Ratio of 1.93%, indicating the company is in the safe zone and there is no funny business with accruals.
PT Bumi Citra Permai Tbk (ISX:BCIP) 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, PT Bumi Citra Permai Tbk has a Sloan Ratio of 1.93%, indicating the company is in the safe zone and there is no funny business with accruals.
PT Bumi Citra Permai Tbk Sloan Ratio % Related Terms
PT Bumi Citra Permai Tbk 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.
PT Bumi Citra Permai Tbk Sloan Ratio % Competitor Comparison
For the Real Estate - Development subindustry, PT Bumi Citra Permai Tbk'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.
PT Bumi Citra Permai Tbk Sloan Ratio % vs Real Estate Industry
For the Real Estate industry and Real Estate sector, PT Bumi Citra Permai Tbk's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where PT Bumi Citra Permai Tbk's Sloan Ratio % falls into.
PT Bumi Citra Permai Tbk 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.
PT Bumi Citra Permai Tbk's Sloan Ratio for the fiscal year that ended in Dec. 2025 is calculated as
PT Bumi Citra Permai Tbk's Net Income for the trailing twelve months (TTM) ended in Mar. 2026 was 4233.812 (Jun. 2025 ) + 11990.899 (Sep. 2025 ) + -4553.257 (Dec. 2025 ) + 13982.826 (Mar. 2026 ) = Rp25,654 Mil.
PT Bumi Citra Permai Tbk's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was -2338.854 (Jun. 2025 ) + 12588.399 (Sep. 2025 ) + -16195.008 (Dec. 2025 ) + 17808.744 (Mar. 2026 ) = Rp11,863 Mil.
PT Bumi Citra Permai Tbk's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2026 was -2823.108 (Jun. 2025 ) + -7920.443 (Sep. 2025 ) + 15343.818 (Dec. 2025 ) + -8417.905 (Mar. 2026 ) = Rp-3,818 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.
PT Bumi Citra Permai Tbk (ISX:BCIP) has a Sloan Ratio % of 1.93% as of Mar. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on PT Bumi Citra Permai Tbk and its competitors.
Is PT Bumi Citra Permai Tbk's Sloan Ratio % too high?
PT Bumi Citra Permai Tbk's current Sloan Ratio % is 1.93%. Overall, PT Bumi Citra Permai Tbk has a GF Score™ of 68/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does PT Bumi Citra Permai Tbk's Sloan Ratio % compare to competitors?
PT Bumi Citra Permai Tbk's Sloan Ratio % of 1.93% can be compared against companies in the Real Estate 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 Real Estate company?
A good Sloan Ratio % depends on the Real Estate 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 PT Bumi Citra Permai Tbk and its competitors. PT Bumi Citra Permai Tbk's current Sloan Ratio % is 1.93%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Bumi Citra Permai Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Bumi Citra Permai Tbk (ISX:BCIP) is currently considered Modestly Undervalued. The stock's GF Value™ is Rp79.77, compared to a current price of Rp62.00 — trading 22.3% below its estimated fair value. The current Sloan Ratio % is 1.93%. PT Bumi Citra Permai Tbk's overall GF Score™ is 68/100 with 3 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 PT Bumi Citra Permai Tbk (ISX:BCIP), the current Sloan Ratio % is 1.93% 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 PT Bumi Citra Permai Tbk (ISX:BCIP) Overvalued in 2026?
Based on GuruFocus' analysis, PT Bumi Citra Permai Tbk stock appears to be undervalued.
The current stock price of Rp62.00 is trading 22.3% below its estimated GF Value™ of Rp79.77.
GuruFocus considers PT Bumi Citra Permai Tbk to be Modestly Undervalued.
Key valuation signals for ISX:BCIP:
Sloan Ratio %: 1.93%
GF Value™: Rp79.77 vs. price of Rp62.00 (22.3% below fair value)
No single metric tells the full story. See the ISX:BCIP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PT Bumi Citra Permai Tbk is engaged is a real estate company engaged in the development of industrial areas and warehouses. Along with the sale of industrial plots, it also sells plots of land and buildings such as factories/ warehouses. Its development activity begins with the request process, land acquisition, land development, and infrastructure development in the industrial area. The company's products include Ready-to-Build Industrial Lot, Industrial Buildings and Warehouses that range from 12x24 (s- BIG) and 18x30 (m- BIG); and Shophouses. The majority of the revenues are derived from Sales of warehouses and shop houses, Ready-to-Build Industrial lots, and Water Supply Management.
68GF Score
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