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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.
Ichibanya Co's Sloan Ratio for the quarter that ended in Feb. 2026 was 0.00%.
As of Feb. 2026, Ichibanya Co has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
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 Feb. 2026, Ichibanya Co has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
Ichibanya Co Sloan Ratio % Related Terms
Ichibanya Co Sloan Ratio % Historical Data
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The historical data trend for Ichibanya 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:7630 vs MCD, SBUX, YUM: Sloan Ratio % Comparison
For the Restaurants subindustry, Ichibanya 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.
Ichibanya Co Sloan Ratio % vs Restaurants Industry
For the Restaurants industry and Consumer Cyclical sector, Ichibanya Co's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Ichibanya 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.
Ichibanya Co's Sloan Ratio for the fiscal year that ended in Feb. 2026 is calculated as
Ichibanya Co's Net Income for the trailing twelve months (TTM) ended in Feb. 2026 was 922 (May. 2025 ) + 462 (Aug. 2025 ) + 876 (Nov. 2025 ) + 302 (Feb. 2026 ) = 円2,562 Mil.
Ichibanya Co's Cash Flow from Operations for the trailing twelve months (TTM) ended in Feb. 2026 was 0 (May. 2025 ) + 0 (Aug. 2025 ) + 0 (Nov. 2025 ) + 0 (Feb. 2026 ) = 円0 Mil.
Ichibanya Co's Cash Flow from Investing for the trailing twelve months (TTM) ended in Feb. 2026 was 0 (May. 2025 ) + 0 (Aug. 2025 ) + 0 (Nov. 2025 ) + 0 (Feb. 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.
Ichibanya Co (NGO:7630) has a Sloan Ratio % of 0.00% as of Feb. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Ichibanya Co and its competitors.
Is Ichibanya Co's Sloan Ratio % too high?
Ichibanya Co's current Sloan Ratio % is 0.00%. Overall, Ichibanya Co has a GF Score™ of 71/100, reflecting its overall financial health beyond just this single metric.
How does Ichibanya Co's Sloan Ratio % compare to MCD and SBUX?
Ichibanya Co's Sloan Ratio % of 0.00% can be compared against companies in the Restaurants 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 Restaurants company?
A good Sloan Ratio % depends on the Restaurants 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 Ichibanya Co and its competitors. Ichibanya 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 Ichibanya Co stock overvalued right now?
Ichibanya Co (NGO:7630) has a current Sloan Ratio % of 0.00%. The stock's GF Value™ is 円1,094.17, compared to a current price of 円841.00 — trading 23.1% below its estimated fair value. The current Sloan Ratio % is 0.00%. Ichibanya Co's overall GF Score™ is 71/100 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 Ichibanya Co (NGO:7630), the current Sloan Ratio % is 0.00% as of Feb. 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 Ichibanya Co (NGO:7630) Overvalued in 2026?
Based on GuruFocus' analysis, Ichibanya Co stock appears to be undervalued.
The current stock price of 円841.00 is trading 23.1% below its estimated GF Value™ of 円1,094.17.
Key valuation signals for NGO:7630:
Sloan Ratio %: 0.00%
GF Value™: 円1,094.17 vs. price of 円841.00 (23.1% below fair value)
No single metric tells the full story. See the NGO:7630 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ichibanya Co Ltd owns, operates, and franchises CoCo Ichibanya and other restaurants, mainly in Japan. Nearly all Ichibanya's restaurants operate under the brand name CoCo Ichibanya, which specializes in curry dishes in Asian countries and the United States. Other restaurant brands that Ichibanya operates and franchises in Japan include Pasta de CoCo, Menya CoCo Ichi, and Nikkui Tei. majority of the company's revenue is generated in Japan. The group consists of a single segment: the food and beverage business and its related services.
71GF 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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