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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 Jun. 2026, PT Mandiri Herindo Adiperkasa Tbk has a Sloan Ratio of -5.17%, indicating the company is in the safe zone and there is no funny business with accruals.
PT Mandiri Herindo Adiperkasa Tbk (ISX:MAHA) 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, PT Mandiri Herindo Adiperkasa Tbk has a Sloan Ratio of -5.17%, indicating the company is in the safe zone and there is no funny business with accruals.
PT Mandiri Herindo Adiperkasa Tbk Sloan Ratio % Related Terms
PT Mandiri Herindo Adiperkasa 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 Mandiri Herindo Adiperkasa Tbk Sloan Ratio % Chart
ISX:MAHA vs ODFL, XPO, KNX: Sloan Ratio % Comparison
For the Trucking subindustry, PT Mandiri Herindo Adiperkasa 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 Mandiri Herindo Adiperkasa Tbk Sloan Ratio % vs Transportation Industry
For the Transportation industry and Industrials sector, PT Mandiri Herindo Adiperkasa Tbk's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where PT Mandiri Herindo Adiperkasa Tbk's Sloan Ratio % falls into.
PT Mandiri Herindo Adiperkasa 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 Mandiri Herindo Adiperkasa Tbk's Net Income for the trailing twelve months (TTM) ended in Jun. 2026 was 67407.264 (Sep. 2025 ) + 162222.283 (Dec. 2025 ) + 86981.395 (Mar. 2026 ) + 55148.595 (Jun. 2026 ) = Rp371,760 Mil.
PT Mandiri Herindo Adiperkasa Tbk's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 was 286140.71 (Sep. 2025 ) + 295974.563 (Dec. 2025 ) + 182924.354 (Mar. 2026 ) + -92172.662 (Jun. 2026 ) = Rp672,867 Mil.
PT Mandiri Herindo Adiperkasa Tbk's Cash Flow from Investing for the trailing twelve months (TTM) ended in Jun. 2026 was -57251.888 (Sep. 2025 ) + -43620.303 (Dec. 2025 ) + -79950.318 (Mar. 2026 ) + 26541 (Jun. 2026 ) = Rp-154,282 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 Mandiri Herindo Adiperkasa Tbk (ISX:MAHA) has a Sloan Ratio % of -5.17% as of Jun. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on PT Mandiri Herindo Adiperkasa Tbk and its competitors.
Is PT Mandiri Herindo Adiperkasa Tbk's Sloan Ratio % too high?
PT Mandiri Herindo Adiperkasa Tbk's current Sloan Ratio % is -5.17%. Overall, PT Mandiri Herindo Adiperkasa Tbk has a GF Score™ of 85/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does PT Mandiri Herindo Adiperkasa Tbk's Sloan Ratio % compare to ODFL and XPO?
PT Mandiri Herindo Adiperkasa Tbk's Sloan Ratio % of -5.17% 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 Mandiri Herindo Adiperkasa Tbk and its competitors. PT Mandiri Herindo Adiperkasa Tbk's current Sloan Ratio % is -5.17%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Mandiri Herindo Adiperkasa Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Mandiri Herindo Adiperkasa Tbk (ISX:MAHA) is currently considered Significantly Undervalued. The stock's GF Value™ is Rp237.65, compared to a current price of Rp147.00 — trading 38.1% below its estimated fair value. The current Sloan Ratio % is -5.17%. PT Mandiri Herindo Adiperkasa Tbk's overall GF Score™ is 85/100 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 Mandiri Herindo Adiperkasa Tbk (ISX:MAHA), the current Sloan Ratio % is -5.17% 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 PT Mandiri Herindo Adiperkasa Tbk (ISX:MAHA) Overvalued in 2026?
Based on GuruFocus' analysis, PT Mandiri Herindo Adiperkasa Tbk stock appears to be undervalued.
The current stock price of Rp147.00 is trading 38.1% below its estimated GF Value™ of Rp237.65.
GuruFocus considers PT Mandiri Herindo Adiperkasa Tbk to be Significantly Undervalued.
Key valuation signals for ISX:MAHA:
Sloan Ratio %: -5.17%
GF Value™: Rp237.65 vs. price of Rp147.00 (38.1% below fair value)
No single metric tells the full story. See the ISX:MAHA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PT Mandiri Herindo Adiperkasa Tbk is one of the mineral and coal transportation service providers, supported by resources and professional personnel with integrity. The company focuses on coal hauling service activities after overburden removal activities are carried out by contractors. The Company also has several types of units in the implementation of coal transportation services, namely single trailers, double trailers, and dump trucks, with variations in payload capacity and equipment specifications according to the needs of the employer. The company classifies its business into three geographical segments, which are North Kalimantan, East Kalimantan, and Central Kalimantan. The company generates the majority of its revenue from the East Kalimantan segment.
85GF Score
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