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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.
The Japan Steel Works's Sloan Ratio for the quarter that ended in Mar. 2026 was 0.00%.
As of Mar. 2026, The Japan Steel Works has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
The Japan Steel Works (OTCPK:JPSWY) 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, The Japan Steel Works has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
The Japan Steel Works Sloan Ratio % Related Terms
The Japan Steel Works Sloan Ratio % Historical Data
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The historical data trend for The Japan Steel Works'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 Specialty Industrial Machinery subindustry, The Japan Steel Works'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.
The Japan Steel Works Sloan Ratio % vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, The Japan Steel Works's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where The Japan Steel Works'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.
The Japan Steel Works's Sloan Ratio for the fiscal year that ended in Mar. 2026 is calculated as
The Japan Steel Works's Net Income for the trailing twelve months (TTM) ended in Mar. 2026 was 30.322 (Jun. 2025 ) + 38.624 (Sep. 2025 ) + 31.081 (Dec. 2025 ) + 27.104 (Mar. 2026 ) = $127 Mil.
The Japan Steel Works's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was 0 (Jun. 2025 ) + 0 (Sep. 2025 ) + 0 (Dec. 2025 ) + 0 (Mar. 2026 ) = $0 Mil.
The Japan Steel Works's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2026 was 0 (Jun. 2025 ) + 0 (Sep. 2025 ) + 0 (Dec. 2025 ) + 0 (Mar. 2026 ) = $0 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.
The Japan Steel Works (JPSWY) has a Sloan Ratio % of 0.00% as of Mar. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on The Japan Steel Works and its competitors.
Is The Japan Steel Works' Sloan Ratio % too high?
The Japan Steel Works' current Sloan Ratio % is 0.00%. Overall, The Japan Steel Works has a GF Score™ of 77/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does The Japan Steel Works' Sloan Ratio % compare to GEV and ETN?
The Japan Steel Works' Sloan Ratio % of 0.00% can be compared against companies in the Industrial Products 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 Industrial Products company?
A good Sloan Ratio % depends on the Industrial Products 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 The Japan Steel Works and its competitors. The Japan Steel Works's current Sloan Ratio % is 0.00%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is The Japan Steel Works stock overvalued right now?
Based on GuruFocus' analysis, The Japan Steel Works (JPSWY) is currently considered Fairly Valued. The stock's GF Value™ is $20.94, compared to a current price of $22.60 — trading 7.9% above its estimated fair value. The current Sloan Ratio % is 0.00%. The Japan Steel Works' overall GF Score™ is 77/100 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 The Japan Steel Works (JPSWY), the current Sloan Ratio % is 0.00% 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 The Japan Steel Works (JPSWY) Overvalued in 2026?
Based on GuruFocus' analysis, The Japan Steel Works stock appears to be overvalued.
The current stock price of $22.60 is trading 7.9% above its estimated GF Value™ of $20.94.
GuruFocus considers The Japan Steel Works to be Fairly Valued.
Key valuation signals for JPSWY:
Sloan Ratio %: 0.00%
GF Value™: $20.94 vs. price of $22.60 (7.9% above fair value)
No single metric tells the full story. See the JPSWY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
The Japan Steel Works Ltd provides industrial machinery as well as materials and engineering solutions in Japan and internationally. The company operates through two segments. The Industrial Machinery segment provides resin manufacturing and processing machinery, molding machines, defense-related equipment, and other industrial machinery. The Materials and Engineering segment covers raw material products and engineering operations. The Other segment includes the film deposition business, crystal business, and related activities. It generates the majority of its revenue from the Industrial machinery business segment.
77GF Score
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