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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, PTtria Antaran Prima Tbk has a Sloan Ratio of 0.57%, indicating the company is in the safe zone and there is no funny business with accruals.
PTtria Antaran Prima Tbk (ISX:SAPX) 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, PTtria Antaran Prima Tbk has a Sloan Ratio of 0.57%, indicating the company is in the safe zone and there is no funny business with accruals.
PTtria Antaran Prima Tbk Sloan Ratio % Related Terms
PTtria Antaran Prima 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:SAPX vs UPS, FDX, JBHT: Sloan Ratio % Comparison
For the Integrated Freight & Logistics subindustry, PTtria Antaran Prima 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.
PTtria Antaran Prima Tbk Sloan Ratio % vs Transportation Industry
For the Transportation industry and Industrials sector, PTtria Antaran Prima Tbk's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where PTtria Antaran Prima Tbk's Sloan Ratio % falls into.
PTtria Antaran Prima 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.
PTtria Antaran Prima Tbk's Sloan Ratio for the fiscal year that ended in Dec. 2025 is calculated as
PTtria Antaran Prima Tbk's Net Income for the trailing twelve months (TTM) ended in Jun. 2026 was -307.965 (Sep. 2025 ) + -170.736 (Dec. 2025 ) + 472.801 (Mar. 2026 ) + 1904.594 (Jun. 2026 ) = Rp1,899 Mil.
PTtria Antaran Prima Tbk's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 was -8124.739 (Sep. 2025 ) + 13896.995 (Dec. 2025 ) + 3722.569 (Mar. 2026 ) + 6137.438 (Jun. 2026 ) = Rp15,632 Mil.
PTtria Antaran Prima Tbk's Cash Flow from Investing for the trailing twelve months (TTM) ended in Jun. 2026 was -9941.08 (Sep. 2025 ) + -3906.163 (Dec. 2025 ) + -4622.392 (Mar. 2026 ) + 2399.682 (Jun. 2026 ) = Rp-16,070 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.
PTtria Antaran Prima Tbk (ISX:SAPX) has a Sloan Ratio % of 0.57% as of Jun. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on PTtria Antaran Prima Tbk and its competitors.
Is PTtria Antaran Prima Tbk's Sloan Ratio % too high?
PTtria Antaran Prima Tbk's current Sloan Ratio % is 0.57%. Overall, PTtria Antaran Prima Tbk has a GF Score™ of 68/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does PTtria Antaran Prima Tbk's Sloan Ratio % compare to UPS and FDX?
PTtria Antaran Prima Tbk's Sloan Ratio % of 0.57% 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 PTtria Antaran Prima Tbk and its competitors. PTtria Antaran Prima Tbk's current Sloan Ratio % is 0.57%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PTtria Antaran Prima Tbk stock overvalued right now?
Based on GuruFocus' analysis, PTtria Antaran Prima Tbk (ISX:SAPX) is currently considered Significantly Undervalued. The stock's GF Value™ is Rp430.94, compared to a current price of Rp218.00 — trading 49.4% below its estimated fair value. The current Sloan Ratio % is 0.57%. PTtria Antaran Prima Tbk's overall GF Score™ is 68/100 with 9 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 PTtria Antaran Prima Tbk (ISX:SAPX), the current Sloan Ratio % is 0.57% 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 PTtria Antaran Prima Tbk (ISX:SAPX) Overvalued in 2026?
Based on GuruFocus' analysis, PTtria Antaran Prima Tbk stock appears to be undervalued.
The current stock price of Rp218.00 is trading 49.4% below its estimated GF Value™ of Rp430.94.
GuruFocus considers PTtria Antaran Prima Tbk to be Significantly Undervalued.
Key valuation signals for ISX:SAPX:
Sloan Ratio %: 0.57%
GF Value™: Rp430.94 vs. price of Rp218.00 (49.4% below fair value)
No single metric tells the full story. See the ISX:SAPX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PT Satria Antaran Prima Tbk is an Indonesia-based company engaged in offering courier services. The Company has expanded its service to also focus on warehousing, trucking, retail, and others to diversify the sources of revenue. The Company only engages in one operating segment, which is in courier services, while the geographical segment is Jabodetabek and Outside Jabodetabek, of which revenue is derived from Jabodetabek.
68GF Score
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