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 Catur Sentosa Adiprana Tbk has a Sloan Ratio of -5.46%, indicating the company is in the safe zone and there is no funny business with accruals.
PT Catur Sentosa Adiprana Tbk (ISX:CSAP) 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 Catur Sentosa Adiprana Tbk has a Sloan Ratio of -5.46%, indicating the company is in the safe zone and there is no funny business with accruals.
PT Catur Sentosa Adiprana Tbk Sloan Ratio % Related Terms
PT Catur Sentosa Adiprana 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.
ISX:CSAP vs GWW, FAST, FERG: Sloan Ratio % Comparison
For the Industrial Distribution subindustry, PT Catur Sentosa Adiprana 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 Catur Sentosa Adiprana Tbk Sloan Ratio % vs Industrial Distribution Industry
For the Industrial Distribution industry and Industrials sector, PT Catur Sentosa Adiprana Tbk's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where PT Catur Sentosa Adiprana Tbk's Sloan Ratio % falls into.
PT Catur Sentosa Adiprana 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 Catur Sentosa Adiprana Tbk's Net Income for the trailing twelve months (TTM) ended in Mar. 2026 was 21883.022 (Jun. 2025 ) + 40973.334 (Sep. 2025 ) + 45329.388 (Dec. 2025 ) + 19616.522 (Mar. 2026 ) = Rp127,802 Mil.
PT Catur Sentosa Adiprana Tbk's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was 333520.323 (Jun. 2025 ) + 349554.588 (Sep. 2025 ) + 456239.763 (Dec. 2025 ) + -22750.571 (Mar. 2026 ) = Rp1,116,564 Mil.
PT Catur Sentosa Adiprana Tbk's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2026 was -62880.335 (Jun. 2025 ) + -93534.926 (Sep. 2025 ) + -81537.727 (Dec. 2025 ) + -94834.432 (Mar. 2026 ) = Rp-332,787 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 Catur Sentosa Adiprana Tbk (ISX:CSAP) has a Sloan Ratio % of -5.46% as of Mar. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on PT Catur Sentosa Adiprana Tbk and its competitors.
Is PT Catur Sentosa Adiprana Tbk's Sloan Ratio % too high?
PT Catur Sentosa Adiprana Tbk's current Sloan Ratio % is -5.46%. Overall, PT Catur Sentosa Adiprana Tbk has a GF Score™ of 69/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does PT Catur Sentosa Adiprana Tbk's Sloan Ratio % compare to GWW and FAST?
PT Catur Sentosa Adiprana Tbk's Sloan Ratio % of -5.46% can be compared against companies in the Industrial Distribution 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 Industrial Distribution company?
A good Sloan Ratio % depends on the Industrial Distribution 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 Catur Sentosa Adiprana Tbk and its competitors. PT Catur Sentosa Adiprana Tbk's current Sloan Ratio % is -5.46%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Catur Sentosa Adiprana Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Catur Sentosa Adiprana Tbk (ISX:CSAP) is currently considered Significantly Undervalued. The stock's GF Value™ is Rp474.20, compared to a current price of Rp270.00 — trading 43.1% below its estimated fair value. The current Sloan Ratio % is -5.46%. PT Catur Sentosa Adiprana Tbk's overall GF Score™ is 69/100 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 PT Catur Sentosa Adiprana Tbk (ISX:CSAP), the current Sloan Ratio % is -5.46% 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 Catur Sentosa Adiprana Tbk (ISX:CSAP) Overvalued in 2026?
Based on GuruFocus' analysis, PT Catur Sentosa Adiprana Tbk stock appears to be undervalued.
The current stock price of Rp270.00 is trading 43.1% below its estimated GF Value™ of Rp474.20.
GuruFocus considers PT Catur Sentosa Adiprana Tbk to be Significantly Undervalued.
Key valuation signals for ISX:CSAP:
Sloan Ratio %: -5.46%
GF Value™: Rp474.20 vs. price of Rp270.00 (43.1% below fair value)
No single metric tells the full story. See the ISX:CSAP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PT Catur Sentosa Adiprana Tbk Business Description
PT Catur Sentosa Adiprana Tbk is an Indonesia-based holding company engaged in trading and retail of industrial goods, particularly building materials and consumer goods. It is involved in the trading of Building Material Distribution, Chemical Distribution, Consumer Goods Distribution, Building Materials & Home Improvement, and Modern Home Furnishings. The company's operating segments are Distribution and Retail. The majority of revenue is derived from the Distribution segment.
69GF Score
Get the complete analysis for ISX:CSAP
Sloan Ratio % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
ISX:CSAP has been successfully added to your 
