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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.
Niterra Co's Sloan Ratio for the quarter that ended in Mar. 2026 was 13.36%.
As of Mar. 2026, Niterra Co has a Sloan Ratio of 13.36%, indicating there is a warning stage of accrual build up.
Niterra Co (OTCPK:NGKSF) 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, Niterra Co has a Sloan Ratio of 13.36%, indicating there is a warning stage of accrual build up.
Niterra Co Sloan Ratio % Related Terms
Niterra Co Sloan Ratio % Historical Data
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The historical data trend for Niterra Co'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 Auto Parts subindustry, Niterra 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.
Niterra Co Sloan Ratio % vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Niterra Co's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Niterra 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.
Niterra Co's Sloan Ratio for the fiscal year that ended in Mar. 2026 is calculated as
Niterra Co's Net Income for the trailing twelve months (TTM) ended in Mar. 2026 was 166.344 (Jun. 2025 ) + 201.011 (Sep. 2025 ) + 191.098 (Dec. 2025 ) + 57.183 (Mar. 2026 ) = $616 Mil.
Niterra Co's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was 111.757 (Jun. 2025 ) + 281.105 (Sep. 2025 ) + 82.66 (Dec. 2025 ) + 244.412 (Mar. 2026 ) = $720 Mil.
Niterra Co's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2026 was -950.178 (Jun. 2025 ) + -44.812 (Sep. 2025 ) + -62.662 (Dec. 2025 ) + -74.677 (Mar. 2026 ) = $-1,132 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.
Niterra Co (NGKSF) has a Sloan Ratio % of 13.36% as of Mar. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Niterra Co and its competitors.
Is Niterra Co's Sloan Ratio % too high?
Niterra Co's current Sloan Ratio % is 13.36%. Overall, Niterra Co has a GF Score™ of 76/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Niterra Co's Sloan Ratio % compare to ORLY and AZO?
Niterra Co's Sloan Ratio % of 13.36% 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 Niterra Co and its competitors. Niterra Co's current Sloan Ratio % is 13.36%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Niterra Co stock overvalued right now?
Based on GuruFocus' analysis, Niterra Co (NGKSF) is currently considered Significantly Overvalued. The stock's GF Value™ is $30.39, compared to a current price of $58.10 — trading 91.2% above its estimated fair value. The current Sloan Ratio % is 13.36%. Niterra Co's overall GF Score™ is 76/100 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 Niterra Co (NGKSF), the current Sloan Ratio % is 13.36% 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 Niterra Co (NGKSF) Overvalued in 2026?
Based on GuruFocus' analysis, Niterra Co stock appears to be overvalued.
The current stock price of $58.10 is trading 91.2% above its estimated GF Value™ of $30.39.
GuruFocus considers Niterra Co to be Significantly Overvalued.
Key valuation signals for NGKSF:
Sloan Ratio %: 13.36%
GF Value™: $30.39 vs. price of $58.10 (91.2% above fair value)
No single metric tells the full story. See the NGKSF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Niterra Co Ltd is engaged in the manufacture and sale of automotive components and ceramic products. The group has three reportable segments: Automobile related, Ceramics, and New Businesses. The Automobile related segment manufactures and sells spark plugs, exhaust gas sensors, and other automobile components. The Ceramics segment manufactures and sells cutting tools, industrial machinery parts, semiconductor manufacturing equipment parts, semiconductor packages, and medical oxygen concentrators. The New Businesses segment focuses on products related to environmental energy and other emerging fields.
76GF 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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