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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.
Koito Manufacturing Co's Sloan Ratio for the quarter that ended in Jun. 2026 was -0.95%.
As of Jun. 2026, Koito Manufacturing Co has a Sloan Ratio of -0.95%, indicating the company is in the safe zone and there is no funny business with accruals.
Koito Manufacturing Co (OTCPK:KOTMF) 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, Koito Manufacturing Co has a Sloan Ratio of -0.95%, indicating the company is in the safe zone and there is no funny business with accruals.
Koito Manufacturing Co Sloan Ratio % Related Terms
Koito Manufacturing Co 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.
For the Auto Parts subindustry, Koito Manufacturing Co'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.
Koito Manufacturing Co Sloan Ratio % vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Koito Manufacturing Co's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Koito Manufacturing Co'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.
Koito Manufacturing Co's Sloan Ratio for the fiscal year that ended in Mar. 2026 is calculated as
Koito Manufacturing Co's Net Income for the trailing twelve months (TTM) ended in Jun. 2026 was 11.639 (Sep. 2025 ) + 71.93 (Dec. 2025 ) + -41.069 (Mar. 2026 ) + 91.168 (Jun. 2026 ) = $134 Mil.
Koito Manufacturing Co's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 was 79.567 (Sep. 2025 ) + 191.155 (Dec. 2025 ) + 155.064 (Mar. 2026 ) + 183.666 (Jun. 2026 ) = $609 Mil.
Koito Manufacturing Co's Cash Flow from Investing for the trailing twelve months (TTM) ended in Jun. 2026 was -71.208 (Sep. 2025 ) + 156.951 (Dec. 2025 ) + -342.684 (Mar. 2026 ) + -164.813 (Jun. 2026 ) = $-422 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.
Koito Manufacturing Co (KOTMF) has a Sloan Ratio % of -0.95% as of Jun. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Koito Manufacturing Co and its competitors.
Is Koito Manufacturing Co's Sloan Ratio % too high?
Koito Manufacturing Co's current Sloan Ratio % is -0.95%. Overall, Koito Manufacturing Co has a GF Score™ of 83/100, reflecting its overall financial health beyond just this single metric.
How does Koito Manufacturing Co's Sloan Ratio % compare to ORLY and AZO?
Koito Manufacturing Co's Sloan Ratio % of -0.95% can be compared against companies in the Vehicles & Parts 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 Vehicles & Parts company?
A good Sloan Ratio % depends on the Vehicles & Parts 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 Koito Manufacturing Co and its competitors. Koito Manufacturing Co's current Sloan Ratio % is -0.95%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Koito Manufacturing Co stock overvalued right now?
Koito Manufacturing Co (KOTMF) has a current Sloan Ratio % of -0.95%. The stock's GF Value™ is $15.26, compared to a current price of $16.05 — trading 5.2% above its estimated fair value. The current Sloan Ratio % is -0.95%. Koito Manufacturing Co's overall GF Score™ is 83/100 with 5 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 Koito Manufacturing Co (KOTMF), the current Sloan Ratio % is -0.95% 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 Koito Manufacturing Co (KOTMF) Overvalued in 2026?
Based on GuruFocus' analysis, Koito Manufacturing Co stock appears to be overvalued.
The current stock price of $16.05 is trading 5.2% above its estimated GF Value™ of $15.26.
Key valuation signals for KOTMF:
Sloan Ratio %: -0.95%
GF Value™: $15.26 vs. price of $16.05 (5.2% above fair value)
No single metric tells the full story. See the KOTMF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Koito Manufacturing Co Ltd mainly produces automotive lighting equipment for domestic and international markets and supplies products globally. The company operates through six geographical segments: Japan, North America, China, Asia, Europe, and Other. In addition to automotive lighting, it also manufactures and sells railroad vehicle control equipment, aircraft parts, and railroad vehicle seats.
83GF Score
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Sloan Ratio % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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