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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 Temas Tbk's Sloan Ratio for the quarter that ended in Mar. 2026 was 16.01%.
As of Mar. 2026, PT Temas Tbk has a Sloan Ratio of 16.01%, indicating there is a warning stage of accrual build up.
PT Temas Tbk (ISX:TMAS) 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 Temas Tbk has a Sloan Ratio of 16.01%, indicating there is a warning stage of accrual build up.
PT Temas Tbk Sloan Ratio % Related Terms
PT Temas Tbk Sloan Ratio % Historical Data
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The historical data trend for PT Temas 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.
For the Marine Shipping subindustry, PT Temas 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 Temas Tbk Sloan Ratio % vs Transportation Industry
For the Transportation industry and Industrials sector, PT Temas Tbk's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where PT Temas 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 Temas Tbk's Sloan Ratio for the fiscal year that ended in Dec. 2025 is calculated as
PT Temas Tbk's Net Income for the trailing twelve months (TTM) ended in Mar. 2026 was 150343 (Jun. 2025 ) + 79250 (Sep. 2025 ) + 133766 (Dec. 2025 ) + 156763 (Mar. 2026 ) = Rp520,122 Mil.
PT Temas Tbk's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was 216934 (Jun. 2025 ) + 238855 (Sep. 2025 ) + 337284 (Dec. 2025 ) + 131012 (Mar. 2026 ) = Rp924,085 Mil.
PT Temas Tbk's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2026 was -297008 (Jun. 2025 ) + -292227 (Sep. 2025 ) + -332292 (Dec. 2025 ) + -373991 (Mar. 2026 ) = Rp-1,295,518 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 Temas Tbk (ISX:TMAS) has a Sloan Ratio % of 16.01% as of Mar. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on PT Temas Tbk and its competitors.
Is PT Temas Tbk's Sloan Ratio % too high?
PT Temas Tbk's current Sloan Ratio % is 16.01%. Overall, PT Temas Tbk has a GF Score™ of 71/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does PT Temas Tbk's Sloan Ratio % compare to competitors?
PT Temas Tbk's Sloan Ratio % of 16.01% 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 PT Temas Tbk and its competitors. PT Temas Tbk's current Sloan Ratio % is 16.01%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Temas Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Temas Tbk (ISX:TMAS) is currently considered Modestly Undervalued. The stock's GF Value™ is Rp144.91, compared to a current price of Rp117.00 — trading 19.3% below its estimated fair value. The current Sloan Ratio % is 16.01%. PT Temas Tbk's overall GF Score™ is 71/100 with 2 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 Temas Tbk (ISX:TMAS), the current Sloan Ratio % is 16.01% 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 Temas Tbk (ISX:TMAS) Overvalued in 2026?
Based on GuruFocus' analysis, PT Temas Tbk stock appears to be undervalued.
The current stock price of Rp117.00 is trading 19.3% below its estimated GF Value™ of Rp144.91.
GuruFocus considers PT Temas Tbk to be Modestly Undervalued.
Key valuation signals for ISX:TMAS:
Sloan Ratio %: 16.01%
GF Value™: Rp144.91 vs. price of Rp117.00 (19.3% below fair value)
No single metric tells the full story. See the ISX:TMAS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PT Temas Tbk operates in the shipping industry. The company is engaged in the transportation business, especially marine transportation services that provide containerized goods delivery. Services offered include managing container transportation and stevedoring services nationwide. The company engages in both domestic and international transportation activities, particularly in transporting passengers, cargoes, and animals by vessels, acts as an agent in the shipping business. In addition, it is involved in the purchase and sale of vessels and related equipment. Its businesses are grouped into two operating segments: Shipping and Stevedoring. The Shipping segment contributes the vast majority of total revenue. Geographically, the company operates Domestically as well as Overseas.
71GF Score
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