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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 Surya Pertiwi Tbk's Sloan Ratio for the quarter that ended in Mar. 2026 was 1.15%.
As of Mar. 2026, PT Surya Pertiwi Tbk has a Sloan Ratio of 1.15%, indicating the company is in the safe zone and there is no funny business with accruals.
PT Surya Pertiwi Tbk (ISX:SPTO) 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 Surya Pertiwi Tbk has a Sloan Ratio of 1.15%, indicating the company is in the safe zone and there is no funny business with accruals.
PT Surya Pertiwi Tbk Sloan Ratio % Related Terms
PT Surya Pertiwi Tbk Sloan Ratio % Historical Data
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The historical data trend for PT Surya Pertiwi 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:SPTO vs SN, SGI, MHK: Sloan Ratio % Comparison
For the Furnishings, Fixtures & Appliances subindustry, PT Surya Pertiwi 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 Surya Pertiwi Tbk Sloan Ratio % vs Furnishings, Fixtures & Appliances Industry
For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, PT Surya Pertiwi Tbk's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where PT Surya Pertiwi 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 Surya Pertiwi Tbk's Sloan Ratio for the fiscal year that ended in Dec. 2025 is calculated as
PT Surya Pertiwi Tbk's Net Income for the trailing twelve months (TTM) ended in Mar. 2026 was 46958.457 (Jun. 2025 ) + 64399.395 (Sep. 2025 ) + 98886.948 (Dec. 2025 ) + 32341.375 (Mar. 2026 ) = Rp242,586 Mil.
PT Surya Pertiwi Tbk's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was 48303.524 (Jun. 2025 ) + 51614.618 (Sep. 2025 ) + 30021.023 (Dec. 2025 ) + 121044.773 (Mar. 2026 ) = Rp250,984 Mil.
PT Surya Pertiwi Tbk's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2026 was 687.319 (Jun. 2025 ) + -16026.755 (Sep. 2025 ) + -23358.666 (Dec. 2025 ) + -8008.807 (Mar. 2026 ) = Rp-46,707 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 Surya Pertiwi Tbk (ISX:SPTO) has a Sloan Ratio % of 1.15% as of Mar. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on PT Surya Pertiwi Tbk and its competitors.
Is PT Surya Pertiwi Tbk's Sloan Ratio % too high?
PT Surya Pertiwi Tbk's current Sloan Ratio % is 1.15%. Overall, PT Surya Pertiwi Tbk has a GF Score™ of 81/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does PT Surya Pertiwi Tbk's Sloan Ratio % compare to SN and SGI?
PT Surya Pertiwi Tbk's Sloan Ratio % of 1.15% can be compared against companies in the Furnishings, Fixtures & Appliances 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 Furnishings, Fixtures & Appliances company?
A good Sloan Ratio % depends on the Furnishings, Fixtures & Appliances 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 Surya Pertiwi Tbk and its competitors. PT Surya Pertiwi Tbk's current Sloan Ratio % is 1.15%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Surya Pertiwi Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Surya Pertiwi Tbk (ISX:SPTO) is currently considered Fairly Valued. The stock's GF Value™ is Rp607.70, compared to a current price of Rp600.00 — trading 1.3% below its estimated fair value. The current Sloan Ratio % is 1.15%. PT Surya Pertiwi Tbk's overall GF Score™ is 81/100 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 Surya Pertiwi Tbk (ISX:SPTO), the current Sloan Ratio % is 1.15% 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 Surya Pertiwi Tbk (ISX:SPTO) Overvalued in 2026?
Based on GuruFocus' analysis, PT Surya Pertiwi Tbk stock appears to be undervalued.
The current stock price of Rp600.00 is trading 1.3% below its estimated GF Value™ of Rp607.70.
GuruFocus considers PT Surya Pertiwi Tbk to be Fairly Valued.
Key valuation signals for ISX:SPTO:
Sloan Ratio %: 1.15%
GF Value™: Rp607.70 vs. price of Rp600.00 (1.3% below fair value)
No single metric tells the full story. See the ISX:SPTO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PT Surya Pertiwi Tbk mainly engage in porcelain sanitary industry, wood furnitures industry, others furnitures industry, flooring, walling, sanitary and ceiling equipment and self-owned or leased real estate. The company categorizes its operational activities into four segments: sanitary wares, fittings, kitchen products, and other related items. The four segments include Nine brands that are distributed by the Company, namely TOTO, Villeroy & Boch, Geberit, Stiebel Eltron, Franke, Kaldewei, Eco, Jacuzzi, and W.Atelier. Sanitary products, includes sanitary components, accessories and spare parts, among others (but not limited to) closet, urinal, bidet, washbasin as well as household appliances kitchen set, marbelite or synthetic marbles and vanity units, etc.
81GF Score
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