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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.
Taiho Transportation's Sloan Ratio for the quarter that ended in Mar. 2026 was 0.00%.
As of Mar. 2026, Taiho Transportation has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
Taiho Transportation (NGO:9040) 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, Taiho Transportation has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
Taiho Transportation Sloan Ratio % Related Terms
Taiho Transportation Sloan Ratio % Historical Data
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The historical data trend for Taiho Transportation'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:9040 vs ODFL, XPO, KNX: Sloan Ratio % Comparison
For the Trucking subindustry, Taiho Transportation'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.
Taiho Transportation Sloan Ratio % vs Transportation Industry
For the Transportation industry and Industrials sector, Taiho Transportation's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Taiho Transportation'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.
Taiho Transportation's Sloan Ratio for the fiscal year that ended in Mar. 2026 is calculated as
Taiho Transportation's Net Income for the trailing twelve months (TTM) ended in Mar. 2026 was 35.82 (Jun. 2025 ) + 85.484 (Sep. 2025 ) + 69.429 (Dec. 2025 ) + 13.605 (Mar. 2026 ) = 円204 Mil.
Taiho Transportation's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was 0 (Jun. 2025 ) + 0 (Sep. 2025 ) + 0 (Dec. 2025 ) + 0 (Mar. 2026 ) = 円0 Mil.
Taiho Transportation's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2026 was 0 (Jun. 2025 ) + 0 (Sep. 2025 ) + 0 (Dec. 2025 ) + 0 (Mar. 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.
Taiho Transportation (NGO:9040) has a Sloan Ratio % of 0.00% as of Mar. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Taiho Transportation and its competitors.
Is Taiho Transportation's Sloan Ratio % too high?
Taiho Transportation's current Sloan Ratio % is 0.00%. Overall, Taiho Transportation has a GF Score™ of 64/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Taiho Transportation's Sloan Ratio % compare to ODFL and XPO?
Taiho Transportation's Sloan Ratio % of 0.00% can be compared against companies in the Transportation 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 Transportation company?
A good Sloan Ratio % depends on the Transportation 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 Taiho Transportation and its competitors. Taiho Transportation'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 Taiho Transportation stock overvalued right now?
Based on GuruFocus' analysis, Taiho Transportation (NGO:9040) is currently considered Fairly Valued. The stock's GF Value™ is 円3,938.45, compared to a current price of 円4,260.00 — trading 8.2% above its estimated fair value. The current Sloan Ratio % is 0.00%. Taiho Transportation's overall GF Score™ is 64/100 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 Taiho Transportation (NGO:9040), the current Sloan Ratio % is 0.00% 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 Taiho Transportation (NGO:9040) Overvalued in 2026?
Based on GuruFocus' analysis, Taiho Transportation stock appears to be overvalued.
The current stock price of 円4,260.00 is trading 8.2% above its estimated GF Value™ of 円3,938.45.
GuruFocus considers Taiho Transportation to be Fairly Valued.
Key valuation signals for NGO:9040:
Sloan Ratio %: 0.00%
GF Value™: 円3,938.45 vs. price of 円4,260.00 (8.2% above fair value)
No single metric tells the full story. See the NGO:9040 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Taiho Transportation is a Japanese company engaged in the general cargo transportation business. It provides general freight handling, automobile maintenance, buying and selling of new and used vehicles, used vehicle parts insurance agency and various vehicle leasing services. The company is also engaged in the general worker and specified worker dispatching business.
64GF Score
Get the complete analysis for NGO:9040
Sloan Ratio % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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