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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 Sep. 2025, Nissei Plastic Industrial Co has a Sloan Ratio of 0.77%, indicating the company is in the safe zone and there is no funny business with accruals.
Nissei Plastic Industrial Co (NGO:6293) 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 Sep. 2025, Nissei Plastic Industrial Co has a Sloan Ratio of 0.77%, indicating the company is in the safe zone and there is no funny business with accruals.
Nissei Plastic Industrial Co Sloan Ratio % Related Terms
Nissei Plastic Industrial 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.
NGO:6293 vs GEV, ETN, PH: Sloan Ratio % Comparison
For the Specialty Industrial Machinery subindustry, Nissei Plastic Industrial 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.
Nissei Plastic Industrial Co Sloan Ratio % vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Nissei Plastic Industrial Co's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Nissei Plastic Industrial Co's Sloan Ratio % falls into.
Nissei Plastic Industrial Co 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.
For company reported semi-annually, GuruFocus uses latest two semi-annual data as the TTM data.
Nissei Plastic Industrial Co's Net Income for the trailing twelve months (TTM) ended in Sep. 2025 was 14 (Mar. 2025 ) + -824 (Sep. 2025 ) = 円-810 Mil.
Nissei Plastic Industrial Co's Cash Flow from Operations for the trailing twelve months (TTM) ended in Sep. 2025 was -2055 (Mar. 2025 ) + 1214 (Sep. 2025 ) = 円-841 Mil.
Nissei Plastic Industrial Co's Cash Flow from Investing for the trailing twelve months (TTM) ended in Sep. 2025 was -235 (Mar. 2025 ) + -370 (Sep. 2025 ) = 円-605 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.
Nissei Plastic Industrial Co (NGO:6293) has a Sloan Ratio % of 0.77% as of Sep. 2025. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Nissei Plastic Industrial Co and its competitors.
Is Nissei Plastic Industrial Co's Sloan Ratio % too high?
Nissei Plastic Industrial Co's current Sloan Ratio % is 0.77%. Overall, Nissei Plastic Industrial Co has a GF Score™ of 62/100, reflecting its overall financial health beyond just this single metric.
How does Nissei Plastic Industrial Co's Sloan Ratio % compare to GEV and ETN?
Nissei Plastic Industrial Co's Sloan Ratio % of 0.77% 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 Nissei Plastic Industrial Co and its competitors. Nissei Plastic Industrial Co's current Sloan Ratio % is 0.77%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nissei Plastic Industrial Co stock overvalued right now?
Nissei Plastic Industrial Co (NGO:6293) has a current Sloan Ratio % of 0.77%. The stock's GF Value™ is 円1,131.05, compared to a current price of 円1,047.00 — trading 7.4% below its estimated fair value. The current Sloan Ratio % is 0.77%. Nissei Plastic Industrial Co's overall GF Score™ is 62/100 with 8 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 Nissei Plastic Industrial Co (NGO:6293), the current Sloan Ratio % is 0.77% as of Sep. 2025. 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 Nissei Plastic Industrial Co (NGO:6293) Overvalued in 2026?
Based on GuruFocus' analysis, Nissei Plastic Industrial Co stock appears to be undervalued.
The current stock price of 円1,047.00 is trading 7.4% below its estimated GF Value™ of 円1,131.05.
Key valuation signals for NGO:6293:
Sloan Ratio %: 0.77%
GF Value™: 円1,131.05 vs. price of 円1,047.00 (7.4% below fair value)
No single metric tells the full story. See the NGO:6293 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nissei Plastic Industrial Co Ltd is an injection molding machine manufacturer. Its products made by injection molding machines are used to provide food, medical care, and a variety of other goods to consumers around the world. The company's products include Horizontal Injection Molding Machine, Vertical Injection Molding Machine, Special Injection Molding Machine, and Quality & Production Control System.
62GF Score
Get the complete analysis for NGO:6293
Sloan Ratio % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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