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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, Sino-American Silicon Products has a Sloan Ratio of 2.53%, indicating the company is in the safe zone and there is no funny business with accruals.
Sino-American Silicon Products (LUX:SIAMS) 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, Sino-American Silicon Products has a Sloan Ratio of 2.53%, indicating the company is in the safe zone and there is no funny business with accruals.
Sino-American Silicon Products Sloan Ratio % Related Terms
Sino-American Silicon Products 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.
Sino-American Silicon Products Sloan Ratio % Chart
LUX:SIAMS vs AMAT, LRCX, KLAC: Sloan Ratio % Comparison
For the Semiconductor Equipment & Materials subindustry, Sino-American Silicon Products'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.
Sino-American Silicon Products Sloan Ratio % vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Sino-American Silicon Products's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Sino-American Silicon Products's Sloan Ratio % falls into.
Sino-American Silicon Products 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.
Sino-American Silicon Products's Net Income for the trailing twelve months (TTM) ended in Jun. 2026 was 34.515 (Sep. 2025 ) + 51.572 (Dec. 2025 ) + 35.326 (Mar. 2026 ) + 61.946 (Jun. 2026 ) = $183 Mil.
Sino-American Silicon Products's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 was 60.232 (Sep. 2025 ) + 204.802 (Dec. 2025 ) + 48.904 (Mar. 2026 ) + 120.415 (Jun. 2026 ) = $434 Mil.
Sino-American Silicon Products's Cash Flow from Investing for the trailing twelve months (TTM) ended in Jun. 2026 was -569.108 (Sep. 2025 ) + 40.91 (Dec. 2025 ) + 303.487 (Mar. 2026 ) + -242.51 (Jun. 2026 ) = $-467 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.
Sino-American Silicon Products (LUX:SIAMS) has a Sloan Ratio % of 2.53% as of Jun. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Sino-American Silicon Products and its competitors.
Is Sino-American Silicon Products' Sloan Ratio % too high?
Sino-American Silicon Products' current Sloan Ratio % is 2.53%. Overall, Sino-American Silicon Products has a GF Score™ of 78/100, reflecting its overall financial health beyond just this single metric.
How does Sino-American Silicon Products' Sloan Ratio % compare to AMAT and LRCX?
Sino-American Silicon Products' Sloan Ratio % of 2.53% can be compared against companies in the Semiconductors 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 Semiconductors company?
A good Sloan Ratio % depends on the Semiconductors 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 Sino-American Silicon Products and its competitors. Sino-American Silicon Products's current Sloan Ratio % is 2.53%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sino-American Silicon Products stock overvalued right now?
Sino-American Silicon Products (LUX:SIAMS) has a current Sloan Ratio % of 2.53%. The stock's GF Value™ is $5.97, compared to a current price of $7.15 — trading 19.8% above its estimated fair value. The current Sloan Ratio % is 2.53%. Sino-American Silicon Products' overall GF Score™ is 78/100 with 9 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 Sino-American Silicon Products (LUX:SIAMS), the current Sloan Ratio % is 2.53% 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 Sino-American Silicon Products (LUX:SIAMS) Overvalued in 2026?
Based on GuruFocus' analysis, Sino-American Silicon Products stock appears to be overvalued.
The current stock price of $7.15 is trading 19.8% above its estimated GF Value™ of $5.97.
Key valuation signals for LUX:SIAMS:
Sloan Ratio %: 2.53%
GF Value™: $5.97 vs. price of $7.15 (19.8% above fair value)
No single metric tells the full story. See the LUX:SIAMS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Founded in 1981, Sino-American Silicon Products Inc. is a holding company specializing in the semiconductor industry. Its crown jewel is its 46.64% stake in silicon wafer producer GlobalWafers, which was carved out in 2011. GlobalWafers runs 18 production sites in nine countries across Asia, North America, and Europe. Other notable investments include Advanced Wireless Semiconductor Company, Actron Technology, and Taiwan Specialty Materials. SAS started selling renewable energy to power grids in October 2022. SAS is headquartered in Hsinchu, Taiwan. SAS employs about 8,000 people through its subsidiaries. Through GlobalWafers, SAS had nearly 17% market share in silicon wafers in 2025.
78GF Score
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