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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 Batulicin Nusantara Maritim Tbk has a Sloan Ratio of -6.42%, indicating the company is in the safe zone and there is no funny business with accruals.
PT Batulicin Nusantara Maritim Tbk (ISX:BESS) 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 Batulicin Nusantara Maritim Tbk has a Sloan Ratio of -6.42%, indicating the company is in the safe zone and there is no funny business with accruals.
PT Batulicin Nusantara Maritim Tbk Sloan Ratio % Related Terms
PT Batulicin Nusantara Maritim 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 Batulicin Nusantara Maritim Tbk Sloan Ratio % Chart
PT Batulicin Nusantara Maritim Tbk Sloan Ratio % Competitor Comparison
For the Marine Shipping subindustry, PT Batulicin Nusantara Maritim 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 Batulicin Nusantara Maritim Tbk Sloan Ratio % vs Transportation Industry
For the Transportation industry and Industrials sector, PT Batulicin Nusantara Maritim Tbk's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where PT Batulicin Nusantara Maritim Tbk's Sloan Ratio % falls into.
PT Batulicin Nusantara Maritim 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 Batulicin Nusantara Maritim Tbk's Net Income for the trailing twelve months (TTM) ended in Mar. 2026 was 2924.95 (Jun. 2025 ) + 15018.437 (Sep. 2025 ) + 1706.989 (Dec. 2025 ) + 8732.934 (Mar. 2026 ) = Rp28,383 Mil.
PT Batulicin Nusantara Maritim Tbk's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was 21283.703 (Jun. 2025 ) + 12780.092 (Sep. 2025 ) + 37273.963 (Dec. 2025 ) + 6849.677 (Mar. 2026 ) = Rp78,187 Mil.
PT Batulicin Nusantara Maritim Tbk's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2026 was -2064.821 (Jun. 2025 ) + 1003.275 (Sep. 2025 ) + -1459.504 (Dec. 2025 ) + -484.985 (Mar. 2026 ) = Rp-3,006 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 Batulicin Nusantara Maritim Tbk (ISX:BESS) has a Sloan Ratio % of -6.42% as of Mar. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on PT Batulicin Nusantara Maritim Tbk and its competitors.
Is PT Batulicin Nusantara Maritim Tbk's Sloan Ratio % too high?
PT Batulicin Nusantara Maritim Tbk's current Sloan Ratio % is -6.42%. Overall, PT Batulicin Nusantara Maritim Tbk has a GF Score™ of 72/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does PT Batulicin Nusantara Maritim Tbk's Sloan Ratio % compare to competitors?
PT Batulicin Nusantara Maritim Tbk's Sloan Ratio % of -6.42% can be compared against companies in the Transportation 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 Transportation company?
A good Sloan Ratio % depends on the Transportation 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 Batulicin Nusantara Maritim Tbk and its competitors. PT Batulicin Nusantara Maritim Tbk's current Sloan Ratio % is -6.42%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Batulicin Nusantara Maritim Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Batulicin Nusantara Maritim Tbk (ISX:BESS) is currently considered Significantly Overvalued. The stock's GF Value™ is Rp259.01, compared to a current price of Rp895.00 — trading 245.5% above its estimated fair value. The current Sloan Ratio % is -6.42%. PT Batulicin Nusantara Maritim Tbk's overall GF Score™ is 72/100 with 5 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 Batulicin Nusantara Maritim Tbk (ISX:BESS), the current Sloan Ratio % is -6.42% 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 Batulicin Nusantara Maritim Tbk (ISX:BESS) Overvalued in 2026?
Based on GuruFocus' analysis, PT Batulicin Nusantara Maritim Tbk stock appears to be overvalued.
The current stock price of Rp895.00 is trading 245.5% above its estimated GF Value™ of Rp259.01.
GuruFocus considers PT Batulicin Nusantara Maritim Tbk to be Significantly Overvalued.
Key valuation signals for ISX:BESS:
Sloan Ratio %: -6.42%
GF Value™: Rp259.01 vs. price of Rp895.00 (245.5% above fair value)
No single metric tells the full story. See the ISX:BESS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PT Batulicin Nusantara Maritim Tbk Business Description
PT Batulicin Nusantara Maritim Tbk is an Indonesian company engaged in the field of sea and river transportation. It is principally engaged in the transhipment activity, which involves transporting goods from a place by the company's tugs and barges to the mother vessel, which then transports them to another location. The company provides coal transportation services around the Bunati waters, and nickel transportation services around the waters of North Morowali. Its operating segments are: Kalimantan, which generates the maximum revenue, and Sulawesi.
72GF Score
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