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 Mitra Adiperkasa Tbk has a Sloan Ratio of -7.34%, indicating the company is in the safe zone and there is no funny business with accruals.
PT Mitra Adiperkasa Tbk (ISX:MAPI) 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 Mitra Adiperkasa Tbk has a Sloan Ratio of -7.34%, indicating the company is in the safe zone and there is no funny business with accruals.
PT Mitra Adiperkasa Tbk Sloan Ratio % Related Terms
PT Mitra 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.
For the Department Stores subindustry, PT Mitra 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 Mitra Adiperkasa Tbk Sloan Ratio % vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, PT Mitra Adiperkasa Tbk's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where PT Mitra Adiperkasa Tbk's Sloan Ratio % falls into.
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 Mitra Adiperkasa Tbk's Sloan Ratio for the fiscal year that ended in Dec. 2025 is calculated as
PT Mitra Adiperkasa Tbk's Net Income for the trailing twelve months (TTM) ended in Mar. 2026 was 488665 (Jun. 2025 ) + 413857 (Sep. 2025 ) + 856371 (Dec. 2025 ) + 628036 (Mar. 2026 ) = Rp2,386,929 Mil.
PT Mitra Adiperkasa Tbk's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was 1001611 (Jun. 2025 ) + 2024952 (Sep. 2025 ) + 3067842 (Dec. 2025 ) + 1030362 (Mar. 2026 ) = Rp7,124,767 Mil.
PT Mitra Adiperkasa Tbk's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2026 was -375801 (Jun. 2025 ) + -456587 (Sep. 2025 ) + -758603 (Dec. 2025 ) + -634774 (Mar. 2026 ) = Rp-2,225,765 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 Mitra Adiperkasa Tbk (ISX:MAPI) has a Sloan Ratio % of -7.34% as of Mar. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on PT Mitra Adiperkasa Tbk and its competitors.
Is PT Mitra Adiperkasa Tbk's Sloan Ratio % too high?
PT Mitra Adiperkasa Tbk's current Sloan Ratio % is -7.34%. Overall, PT Mitra Adiperkasa Tbk has a GF Score™ of 86/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does PT Mitra Adiperkasa Tbk's Sloan Ratio % compare to DDS and M?
PT Mitra Adiperkasa Tbk's Sloan Ratio % of -7.34% can be compared against companies in the Retail - Cyclical 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 Retail - Cyclical company?
A good Sloan Ratio % depends on the Retail - Cyclical 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 Mitra Adiperkasa Tbk and its competitors. PT Mitra Adiperkasa Tbk's current Sloan Ratio % is -7.34%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Mitra Adiperkasa Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Mitra Adiperkasa Tbk (ISX:MAPI) is currently considered Modestly Undervalued. The stock's GF Value™ is Rp1,760.19, compared to a current price of Rp1,515.00 — trading 13.9% below its estimated fair value. The current Sloan Ratio % is -7.34%. PT Mitra Adiperkasa Tbk's overall GF Score™ is 86/100 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 Mitra Adiperkasa Tbk (ISX:MAPI), the current Sloan Ratio % is -7.34% 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 Mitra Adiperkasa Tbk (ISX:MAPI) Overvalued in 2026?
Based on GuruFocus' analysis, PT Mitra Adiperkasa Tbk stock appears to be undervalued.
The current stock price of Rp1,515.00 is trading 13.9% below its estimated GF Value™ of Rp1,760.19.
GuruFocus considers PT Mitra Adiperkasa Tbk to be Modestly Undervalued.
Key valuation signals for ISX:MAPI:
Sloan Ratio %: -7.34%
GF Value™: Rp1,760.19 vs. price of Rp1,515.00 (13.9% below fair value)
No single metric tells the full story. See the ISX:MAPI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PT Mitra Adiperkasa Tbk is a departmental store operator in Indonesia. Its portfolio of services comprises sports equipment, fashion, food and beverages, and lifestyle stores managed by over 100 brands like Zara, Lacoste, Adidas, Nike, Starbucks, Domino's Pizza, Galeries, Lafayette, and more. It operates in the following segments: Retail sales; Department stores; Cafe & restaurant; and Others. The majority of its revenue is derived from the Retail sales segment. Its geographical segments include Indonesia, Vietnam, the Philippines, Thailand, and Others.
86GF Score
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