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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 Wijaya Karya Beton Tbk has a Sloan Ratio of -3.60%, indicating the company is in the safe zone and there is no funny business with accruals.
PT Wijaya Karya Beton Tbk (ISX:WTON) 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 Wijaya Karya Beton Tbk has a Sloan Ratio of -3.60%, indicating the company is in the safe zone and there is no funny business with accruals.
PT Wijaya Karya Beton Tbk Sloan Ratio % Related Terms
PT Wijaya Karya Beton 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:WTON vs CRH, MLM, VMC: Sloan Ratio % Comparison
For the Building Materials subindustry, PT Wijaya Karya Beton 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 Wijaya Karya Beton Tbk Sloan Ratio % vs Building Materials Industry
For the Building Materials industry and Basic Materials sector, PT Wijaya Karya Beton Tbk's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where PT Wijaya Karya Beton Tbk's Sloan Ratio % falls into.
PT Wijaya Karya Beton 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 Wijaya Karya Beton Tbk's Sloan Ratio for the fiscal year that ended in Dec. 2025 is calculated as
PT Wijaya Karya Beton Tbk's Net Income for the trailing twelve months (TTM) ended in Jun. 2026 was 4001.962 (Sep. 2025 ) + 31669.469 (Dec. 2025 ) + 1501.426 (Mar. 2026 ) + 3244.123 (Jun. 2026 ) = Rp40,417 Mil.
PT Wijaya Karya Beton Tbk's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 was 139326.069 (Sep. 2025 ) + 143582.863 (Dec. 2025 ) + -125484.48 (Mar. 2026 ) + 122235.125 (Jun. 2026 ) = Rp279,660 Mil.
PT Wijaya Karya Beton Tbk's Cash Flow from Investing for the trailing twelve months (TTM) ended in Jun. 2026 was -38559.984 (Sep. 2025 ) + 30537.171 (Dec. 2025 ) + -2102.869 (Mar. 2026 ) + -1841.319 (Jun. 2026 ) = Rp-11,967 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 Wijaya Karya Beton Tbk (ISX:WTON) has a Sloan Ratio % of -3.60% as of Jun. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on PT Wijaya Karya Beton Tbk and its competitors.
Is PT Wijaya Karya Beton Tbk's Sloan Ratio % too high?
PT Wijaya Karya Beton Tbk's current Sloan Ratio % is -3.60%. Overall, PT Wijaya Karya Beton Tbk has a GF Score™ of 75/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does PT Wijaya Karya Beton Tbk's Sloan Ratio % compare to CRH and MLM?
PT Wijaya Karya Beton Tbk's Sloan Ratio % of -3.60% can be compared against companies in the Building Materials 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 Building Materials company?
A good Sloan Ratio % depends on the Building Materials 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 Wijaya Karya Beton Tbk and its competitors. PT Wijaya Karya Beton Tbk's current Sloan Ratio % is -3.60%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Wijaya Karya Beton Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Wijaya Karya Beton Tbk (ISX:WTON) is currently considered Fairly Valued. The stock's GF Value™ is Rp75.83, compared to a current price of Rp81.00 — trading 6.8% above its estimated fair value. The current Sloan Ratio % is -3.60%. PT Wijaya Karya Beton Tbk's overall GF Score™ is 75/100 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 Wijaya Karya Beton Tbk (ISX:WTON), the current Sloan Ratio % is -3.60% 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 Wijaya Karya Beton Tbk (ISX:WTON) Overvalued in 2026?
Based on GuruFocus' analysis, PT Wijaya Karya Beton Tbk stock appears to be overvalued.
The current stock price of Rp81.00 is trading 6.8% above its estimated GF Value™ of Rp75.83.
GuruFocus considers PT Wijaya Karya Beton Tbk to be Fairly Valued.
Key valuation signals for ISX:WTON:
Sloan Ratio %: -3.60%
GF Value™: Rp75.83 vs. price of Rp81.00 (6.8% above fair value)
No single metric tells the full story. See the ISX:WTON stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PT Wijaya Karya Beton Tbk is an Indonesian-based company engaged in concrete trading and industry, construction services, and other related businesses. The company's operating segments are Concrete, Quarry, and Services. The Concrete Segment is the core business of the company, which is done through the production of both precast and ready-mix concrete. The Quarry Segment is part of the concrete production process, which includes mining activities and the production of split and screen. The Services Segment is a service developed by the company in line with continuous business and technological innovation.
75GF Score
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