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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.
PTrana Mitra Luas TBK's Sloan Ratio for the quarter that ended in Jun. 2026 was 5.96%.
As of Jun. 2026, PTrana Mitra Luas TBK has a Sloan Ratio of 5.96%, indicating the company is in the safe zone and there is no funny business with accruals.
PTrana Mitra Luas TBK (ISX:SMIL) 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, PTrana Mitra Luas TBK has a Sloan Ratio of 5.96%, indicating the company is in the safe zone and there is no funny business with accruals.
PTrana Mitra Luas TBK Sloan Ratio % Related Terms
PTrana Mitra Luas TBK Sloan Ratio % Historical Data
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The historical data trend for PTrana Mitra Luas TBK's Sloan Ratio % can be seen below:
* 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:SMIL vs URI, SUNB, AER: Sloan Ratio % Comparison
For the Rental & Leasing Services subindustry, PTrana Mitra Luas 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.
PTrana Mitra Luas TBK Sloan Ratio % vs Business Services Industry
For the Business Services industry and Industrials sector, PTrana Mitra Luas TBK's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where PTrana Mitra Luas 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.
PTrana Mitra Luas TBK's Sloan Ratio for the fiscal year that ended in Dec. 2025 is calculated as
PTrana Mitra Luas TBK's Net Income for the trailing twelve months (TTM) ended in Jun. 2026 was 27583.408 (Sep. 2025 ) + -11914.087 (Dec. 2025 ) + 30747.803 (Mar. 2026 ) + 29333.112 (Jun. 2026 ) = Rp75,750 Mil.
PTrana Mitra Luas TBK's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 was 14392.28 (Sep. 2025 ) + 106523.464 (Dec. 2025 ) + 36898.656 (Mar. 2026 ) + 77794.286 (Jun. 2026 ) = Rp235,609 Mil.
PTrana Mitra Luas TBK's Cash Flow from Investing for the trailing twelve months (TTM) ended in Jun. 2026 was 8776.578 (Sep. 2025 ) + -105871.138 (Dec. 2025 ) + -77142.509 (Mar. 2026 ) + -57018.894 (Jun. 2026 ) = Rp-231,256 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.
PTrana Mitra Luas TBK (ISX:SMIL) has a Sloan Ratio % of 5.96% as of Jun. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on PTrana Mitra Luas TBK and its competitors.
Is PTrana Mitra Luas TBK's Sloan Ratio % too high?
PTrana Mitra Luas TBK's current Sloan Ratio % is 5.96%. Overall, PTrana Mitra Luas TBK has a GF Score™ of 76/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does PTrana Mitra Luas TBK's Sloan Ratio % compare to URI and SUNB?
PTrana Mitra Luas TBK's Sloan Ratio % of 5.96% can be compared against companies in the Business Services 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 Business Services company?
A good Sloan Ratio % depends on the Business Services 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 PTrana Mitra Luas TBK and its competitors. PTrana Mitra Luas TBK's current Sloan Ratio % is 5.96%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PTrana Mitra Luas TBK stock overvalued right now?
Based on GuruFocus' analysis, PTrana Mitra Luas TBK (ISX:SMIL) is currently considered Significantly Overvalued. The stock's GF Value™ is Rp277.26, compared to a current price of Rp400.00 — trading 44.3% above its estimated fair value. The current Sloan Ratio % is 5.96%. PTrana Mitra Luas TBK's overall GF Score™ is 76/100 with 7 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 PTrana Mitra Luas TBK (ISX:SMIL), the current Sloan Ratio % is 5.96% 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 PTrana Mitra Luas TBK (ISX:SMIL) Overvalued in 2026?
Based on GuruFocus' analysis, PTrana Mitra Luas TBK stock appears to be overvalued.
The current stock price of Rp400.00 is trading 44.3% above its estimated GF Value™ of Rp277.26.
GuruFocus considers PTrana Mitra Luas TBK to be Significantly Overvalued.
Key valuation signals for ISX:SMIL:
Sloan Ratio %: 5.96%
GF Value™: Rp277.26 vs. price of Rp400.00 (44.3% above fair value)
No single metric tells the full story. See the ISX:SMIL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PT Sarana Mitra Luas TBK is a forklift rental company with a total fleet of more than 3,000 units. Apart from rental, It also provides other material handling solutions such as selling and servicing forklifts. The company only has two business segments, namely forklift sales and rent services generating the majority revenue.
76GF Score
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