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 Indomobil Multi Jasa Tbk has a Sloan Ratio of 10.05%, indicating there is a warning stage of accrual build up.
PT Indomobil Multi Jasa Tbk (ISX:IMJS) 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 Indomobil Multi Jasa Tbk has a Sloan Ratio of 10.05%, indicating there is a warning stage of accrual build up.
PT Indomobil Multi Jasa Tbk Sloan Ratio % Related Terms
PT Indomobil Multi Jasa 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.
For the Conglomerates subindustry, PT Indomobil Multi Jasa 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 Indomobil Multi Jasa Tbk Sloan Ratio % vs Conglomerates Industry
For the Conglomerates industry and Industrials sector, PT Indomobil Multi Jasa Tbk's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where PT Indomobil Multi Jasa Tbk's Sloan Ratio % falls into.
PT Indomobil Multi Jasa 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 Indomobil Multi Jasa Tbk's Net Income for the trailing twelve months (TTM) ended in Mar. 2026 was 63214 (Jun. 2025 ) + -568 (Sep. 2025 ) + 23964 (Dec. 2025 ) + 73523 (Mar. 2026 ) = Rp160,133 Mil.
PT Indomobil Multi Jasa Tbk's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was -645356 (Jun. 2025 ) + 410244 (Sep. 2025 ) + -86244 (Dec. 2025 ) + -447827 (Mar. 2026 ) = Rp-769,183 Mil.
PT Indomobil Multi Jasa Tbk's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2026 was -234626 (Jun. 2025 ) + -937281 (Sep. 2025 ) + -794943 (Dec. 2025 ) + -434174 (Mar. 2026 ) = Rp-2,401,024 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 Indomobil Multi Jasa Tbk (ISX:IMJS) has a Sloan Ratio % of 10.05% as of Mar. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on PT Indomobil Multi Jasa Tbk and its competitors.
Is PT Indomobil Multi Jasa Tbk's Sloan Ratio % too high?
PT Indomobil Multi Jasa Tbk's current Sloan Ratio % is 10.05%. Overall, PT Indomobil Multi Jasa Tbk has a GF Score™ of 69/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does PT Indomobil Multi Jasa Tbk's Sloan Ratio % compare to HON and MMM?
PT Indomobil Multi Jasa Tbk's Sloan Ratio % of 10.05% can be compared against companies in the Conglomerates 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 Conglomerates company?
A good Sloan Ratio % depends on the Conglomerates 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 Indomobil Multi Jasa Tbk and its competitors. PT Indomobil Multi Jasa Tbk's current Sloan Ratio % is 10.05%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Indomobil Multi Jasa Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Indomobil Multi Jasa Tbk (ISX:IMJS) is currently considered Possible Value Trap. The stock's GF Value™ is Rp213.98, compared to a current price of Rp139.00 — trading 35% below its estimated fair value. The current Sloan Ratio % is 10.05%. PT Indomobil Multi Jasa 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 Indomobil Multi Jasa Tbk (ISX:IMJS), the current Sloan Ratio % is 10.05% 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 Indomobil Multi Jasa Tbk (ISX:IMJS) Overvalued in 2026?
Based on GuruFocus' analysis, PT Indomobil Multi Jasa Tbk stock appears to be undervalued.
The current stock price of Rp139.00 is trading 35% below its estimated GF Value™ of Rp213.98.
GuruFocus considers PT Indomobil Multi Jasa Tbk to be Possible Value Trap.
Key valuation signals for ISX:IMJS:
Sloan Ratio %: 10.05%
GF Value™: Rp213.98 vs. price of Rp139.00 (35% below fair value)
No single metric tells the full story. See the ISX:IMJS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PT Indomobil Multi Jasa Tbk is engaged in providing vehicle sales, after-sales service, vehicle financing, spare parts distribution The services of the company include Financing, Freight and Transportation, and Non-Formal Education and Training. The company holds various trademarks of international brands including Ammann, AUDI, Bandit, CITROEN, Changan, DJI Agriculture, Foton, GEHL, Great Wall, Harley Davidson, HIAB, Hino, Hongqi, Jaguar, John Deere, Kalmar, KIA, Land Rover, Lovol, Manitou, Mantsinen, Maxus, Mercedes Benz, Morooka, Nissan, Renault Trucks, SDLG, Suzuki, Volkswagen, Volvo Bus, Volvo Construction Equipment, Volvo Penta, and Volvo Trucks. Its segments are car rental and related business, which derive maximum revenue, and financing services.
69GF Score
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