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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, PT Agro Bahari Nusantara Tbk has a Sloan Ratio of -6.83%, indicating the company is in the safe zone and there is no funny business with accruals.
PT Agro Bahari Nusantara Tbk (ISX:UDNG) 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 Agro Bahari Nusantara Tbk has a Sloan Ratio of -6.83%, indicating the company is in the safe zone and there is no funny business with accruals.
PT Agro Bahari Nusantara Tbk Sloan Ratio % Related Terms
PT Agro Bahari Nusantara 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:UDNG vs ADM, BG, TSN: Sloan Ratio % Comparison
For the Farm Products subindustry, PT Agro Bahari Nusantara 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 Agro Bahari Nusantara Tbk Sloan Ratio % vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, PT Agro Bahari Nusantara Tbk's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where PT Agro Bahari Nusantara Tbk's Sloan Ratio % falls into.
PT Agro Bahari Nusantara 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.
For company reported semi-annually, GuruFocus uses latest two semi-annual data as the TTM data.
PT Agro Bahari Nusantara Tbk's Net Income for the trailing twelve months (TTM) ended in Jun. 2026 was -3584.135 (Dec. 2025 ) + -3604.54 (Jun. 2026 ) = Rp-7,189 Mil.
PT Agro Bahari Nusantara Tbk's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 was -3116.729 (Dec. 2025 ) + 4194.823 (Jun. 2026 ) = Rp1,078 Mil.
PT Agro Bahari Nusantara Tbk's Cash Flow from Investing for the trailing twelve months (TTM) ended in Jun. 2026 was -3399.336 (Dec. 2025 ) + -1101.209 (Jun. 2026 ) = Rp-4,501 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 Agro Bahari Nusantara Tbk (ISX:UDNG) has a Sloan Ratio % of -6.83% as of Jun. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on PT Agro Bahari Nusantara Tbk and its competitors.
Is PT Agro Bahari Nusantara Tbk's Sloan Ratio % too high?
PT Agro Bahari Nusantara Tbk's current Sloan Ratio % is -6.83%. Overall, PT Agro Bahari Nusantara Tbk has a GF Score™ of 32/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does PT Agro Bahari Nusantara Tbk's Sloan Ratio % compare to ADM and BG?
PT Agro Bahari Nusantara Tbk's Sloan Ratio % of -6.83% can be compared against companies in the Consumer Packaged Goods 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 Consumer Packaged Goods company?
A good Sloan Ratio % depends on the Consumer Packaged Goods 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 Agro Bahari Nusantara Tbk and its competitors. PT Agro Bahari Nusantara Tbk's current Sloan Ratio % is -6.83%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Agro Bahari Nusantara Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Agro Bahari Nusantara Tbk (ISX:UDNG) is currently considered Fairly Valued. The stock's GF Value™ is Rp721.02, compared to a current price of Rp730.00 — trading 1.2% above its estimated fair value. The current Sloan Ratio % is -6.83%. PT Agro Bahari Nusantara Tbk's overall GF Score™ is 32/100 with 1 warning sign 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 Agro Bahari Nusantara Tbk (ISX:UDNG), the current Sloan Ratio % is -6.83% 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 Agro Bahari Nusantara Tbk (ISX:UDNG) Overvalued in 2026?
Based on GuruFocus' analysis, PT Agro Bahari Nusantara Tbk stock appears to be overvalued.
The current stock price of Rp730.00 is trading 1.2% above its estimated GF Value™ of Rp721.02.
GuruFocus considers PT Agro Bahari Nusantara Tbk to be Fairly Valued.
Key valuation signals for ISX:UDNG:
Sloan Ratio %: -6.83%
GF Value™: Rp721.02 vs. price of Rp730.00 (1.2% above fair value)
No single metric tells the full story. See the ISX:UDNG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PT Agro Bahari Nusantara Tbk operates in the brackish-water crustacean farming industry, specifically ponds for the cultivation of Vannamei shrimp (Litopenaeus vannamei). It applies a science-based approach and statistical analysis to enhance production efficiency while minimizing the risk of crop failure caused by disease and changing weather conditions. The company manages a vast shrimp farming area, which includes various intensive and super-intensive shrimp ponds, supported by reservoir ponds and Wastewater Treatment Installation (WWTI) ponds, as well as supporting facilities such as a pump house, generator house, employee dormitory, warehouse, and harvesting house. The company's operating segments are: Shrimp, which generates maximum revenue, and Non-Shrimp.
32GF Score
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