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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.
PT Golden Eagle Energy Tbk (ISX:SMMT) 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 Golden Eagle Energy Tbk has a Sloan Ratio of 20.83%, indicating earnings are more likely to be made up of accruals.
PT Golden Eagle Energy Tbk Sloan Ratio % Related Terms
PT Golden Eagle Energy 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 Golden Eagle Energy Tbk Sloan Ratio % Competitor Comparison
For the Thermal Coal subindustry, PT Golden Eagle Energy 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 Golden Eagle Energy Tbk Sloan Ratio % vs Other Energy Sources Industry
For the Other Energy Sources industry and Energy sector, PT Golden Eagle Energy Tbk's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where PT Golden Eagle Energy Tbk's Sloan Ratio % falls into.
PT Golden Eagle Energy 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 Golden Eagle Energy Tbk's Net Income for the trailing twelve months (TTM) ended in Jun. 2026 was 7511.226 (Sep. 2025 ) + 2840.211 (Dec. 2025 ) + 12070.629 (Mar. 2026 ) + 55578.848 (Jun. 2026 ) = Rp78,001 Mil.
PT Golden Eagle Energy Tbk's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 was 180351.955 (Sep. 2025 ) + -51558.19 (Dec. 2025 ) + 217576.055 (Mar. 2026 ) + -84156.624 (Jun. 2026 ) = Rp262,213 Mil.
PT Golden Eagle Energy Tbk's Cash Flow from Investing for the trailing twelve months (TTM) ended in Jun. 2026 was -343799.525 (Sep. 2025 ) + -44474.369 (Dec. 2025 ) + -113866.834 (Mar. 2026 ) + -210167.597 (Jun. 2026 ) = Rp-712,308 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 Golden Eagle Energy Tbk (ISX:SMMT) has a Sloan Ratio % of 20.83% as of Jun. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on PT Golden Eagle Energy Tbk and its competitors.
Is PT Golden Eagle Energy Tbk's Sloan Ratio % too high?
PT Golden Eagle Energy Tbk's current Sloan Ratio % is 20.83%. Overall, PT Golden Eagle Energy Tbk has a GF Score™ of 72/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does PT Golden Eagle Energy Tbk's Sloan Ratio % compare to competitors?
PT Golden Eagle Energy Tbk's Sloan Ratio % of 20.83% can be compared against companies in the Other Energy Sources 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 an Other Energy Sources company?
A good Sloan Ratio % depends on the Other Energy Sources 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 Golden Eagle Energy Tbk and its competitors. PT Golden Eagle Energy Tbk's current Sloan Ratio % is 20.83%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Golden Eagle Energy Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Golden Eagle Energy Tbk (ISX:SMMT) is currently considered Modestly Overvalued. The stock's GF Value™ is Rp1,687.69, compared to a current price of Rp1,990.00 — trading 17.9% above its estimated fair value. The current Sloan Ratio % is 20.83%. PT Golden Eagle Energy Tbk's overall GF Score™ is 72/100 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 Golden Eagle Energy Tbk (ISX:SMMT), the current Sloan Ratio % is 20.83% 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 Golden Eagle Energy Tbk (ISX:SMMT) Overvalued in 2026?
Based on GuruFocus' analysis, PT Golden Eagle Energy Tbk stock appears to be overvalued.
The current stock price of Rp1,990.00 is trading 17.9% above its estimated GF Value™ of Rp1,687.69.
GuruFocus considers PT Golden Eagle Energy Tbk to be Modestly Overvalued.
Key valuation signals for ISX:SMMT:
Sloan Ratio %: 20.83%
GF Value™: Rp1,687.69 vs. price of Rp1,990.00 (17.9% above fair value)
No single metric tells the full story. See the ISX:SMMT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PT Golden Eagle Energy Tbk, along with its subsidiaries, is engaged in operating coal mines with coal reserves in Sumatra and Kalimantan. The Group's business activities include coal mining and related activities, including general surveying, exploration, exploitation, processing, refining, and trading. Its coal reserves mainly consist of subbituminous coal characterized by relatively low sulfur and ash content, which is mainly used to meet the needs of power plants and the cement industry. Geographically, the Group operates only in Indonesia.
72GF Score
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