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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 Mar. 2026, Nishi-Nippon Railroad Co has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
Nishi-Nippon Railroad Co (OTCPK:NNRDF) 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, Nishi-Nippon Railroad Co has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
Nishi-Nippon Railroad Co Sloan Ratio % Related Terms
Nishi-Nippon Railroad 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.
For the Railroads subindustry, Nishi-Nippon Railroad 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.
Nishi-Nippon Railroad Co Sloan Ratio % vs Transportation Industry
For the Transportation industry and Industrials sector, Nishi-Nippon Railroad Co's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Nishi-Nippon Railroad Co's Sloan Ratio % falls into.
Nishi-Nippon Railroad 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.
Nishi-Nippon Railroad Co's Sloan Ratio for the fiscal year that ended in Mar. 2026 is calculated as
Nishi-Nippon Railroad Co's Net Income for the trailing twelve months (TTM) ended in Mar. 2026 was 44.829 (Jun. 2025 ) + 67.962 (Sep. 2025 ) + 72.123 (Dec. 2025 ) + 27.627 (Mar. 2026 ) = $213 Mil.
Nishi-Nippon Railroad Co'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 ) = $0 Mil.
Nishi-Nippon Railroad Co'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 ) = $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.
Nishi-Nippon Railroad Co (NNRDF) 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 Nishi-Nippon Railroad Co and its competitors.
Is Nishi-Nippon Railroad Co's Sloan Ratio % too high?
Nishi-Nippon Railroad Co's current Sloan Ratio % is 0.00%. Overall, Nishi-Nippon Railroad Co has a GF Score™ of 63/100, reflecting its overall financial health beyond just this single metric.
How does Nishi-Nippon Railroad Co's Sloan Ratio % compare to UNP and CSX?
Nishi-Nippon Railroad Co'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 Nishi-Nippon Railroad Co and its competitors. Nishi-Nippon Railroad 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 Nishi-Nippon Railroad Co stock overvalued right now?
Nishi-Nippon Railroad Co (NNRDF) has a current Sloan Ratio % of 0.00%. The stock's GF Value™ is $13.14, compared to a current price of $15.00 — trading 14.2% above its estimated fair value. The current Sloan Ratio % is 0.00%. Nishi-Nippon Railroad Co's overall GF Score™ is 63/100 with 6 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 Nishi-Nippon Railroad Co (NNRDF), 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 Nishi-Nippon Railroad Co (NNRDF) Overvalued in 2026?
Based on GuruFocus' analysis, Nishi-Nippon Railroad Co stock appears to be overvalued.
The current stock price of $15.00 is trading 14.2% above its estimated GF Value™ of $13.14.
Key valuation signals for NNRDF:
Sloan Ratio %: 0.00%
GF Value™: $13.14 vs. price of $15.00 (14.2% above fair value)
No single metric tells the full story. See the NNRDF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nishi-Nippon Railroad Co Ltd organises itself into six segments: transportation, real estate, distribution, logistics, leisure, and other. The transportation segment transports passengers by rail, bus, and taxi. The real estate business develops, sells, and leases commercial and residential buildings. The distribution segment operates supermarkets. The logistics segment operates an international air-cargo-handling business. The leisure segment operates hotels and other leisure businesses. The company derives the majority of its revenue domestically.
63GF 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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