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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.
Tokai Soft Co's Sloan Ratio for the quarter that ended in May. 2026 was 0.00%.
As of May. 2026, Tokai Soft Co has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
Tokai Soft Co (NGO:4430) 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 May. 2026, Tokai Soft Co has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
Tokai Soft Co Sloan Ratio % Related Terms
Tokai Soft Co Sloan Ratio % Historical Data
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The historical data trend for Tokai Soft 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.
NGO:4430 vs MSFT, PLTR, ORCL: Sloan Ratio % Comparison
For the Software - Infrastructure subindustry, Tokai Soft 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.
Tokai Soft Co Sloan Ratio % vs Software Industry
For the Software industry and Technology sector, Tokai Soft Co's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Tokai Soft 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.
Tokai Soft Co's Sloan Ratio for the fiscal year that ended in May. 2026 is calculated as
Tokai Soft Co's Net Income for the trailing twelve months (TTM) ended in May. 2026 was 242.094 (Aug. 2025 ) + 249.408 (Nov. 2025 ) + 222.054 (Feb. 2026 ) + 243.301 (May. 2026 ) = 円957 Mil.
Tokai Soft Co's Cash Flow from Operations for the trailing twelve months (TTM) ended in May. 2026 was 0 (Aug. 2025 ) + 0 (Nov. 2025 ) + 0 (Feb. 2026 ) + 0 (May. 2026 ) = 円0 Mil.
Tokai Soft Co's Cash Flow from Investing for the trailing twelve months (TTM) ended in May. 2026 was 0 (Aug. 2025 ) + 0 (Nov. 2025 ) + 0 (Feb. 2026 ) + 0 (May. 2026 ) = 円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.
Tokai Soft Co (NGO:4430) has a Sloan Ratio % of 0.00% as of May. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Tokai Soft Co and its competitors.
Is Tokai Soft Co's Sloan Ratio % too high?
Tokai Soft Co's current Sloan Ratio % is 0.00%. Overall, Tokai Soft Co has a GF Score™ of 85/100, reflecting its overall financial health beyond just this single metric.
How does Tokai Soft Co's Sloan Ratio % compare to MSFT and PLTR?
Tokai Soft Co's Sloan Ratio % of 0.00% can be compared against companies in the Software 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 Software company?
A good Sloan Ratio % depends on the Software 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 Tokai Soft Co and its competitors. Tokai Soft Co'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 Tokai Soft Co stock overvalued right now?
Tokai Soft Co (NGO:4430) has a current Sloan Ratio % of 0.00%. The stock's GF Value™ is 円1,064.73, compared to a current price of 円943.00 — trading 11.4% below its estimated fair value. The current Sloan Ratio % is 0.00%. Tokai Soft Co's overall GF Score™ is 85/100. 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 Tokai Soft Co (NGO:4430), the current Sloan Ratio % is 0.00% as of May. 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 Tokai Soft Co (NGO:4430) Overvalued in 2026?
Based on GuruFocus' analysis, Tokai Soft Co stock appears to be undervalued.
The current stock price of 円943.00 is trading 11.4% below its estimated GF Value™ of 円1,064.73.
Key valuation signals for NGO:4430:
Sloan Ratio %: 0.00%
GF Value™: 円1,064.73 vs. price of 円943.00 (11.4% below fair value)
No single metric tells the full story. See the NGO:4430 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tokai Soft Co Ltd provides software solutions. The company is engaged in a wide range of businesses as an engineering company that combines technologies for total system construction, network and solution solutions, and support technologies that provide stable operation.
85GF Score
Get the complete analysis for NGO:4430
Sloan Ratio % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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