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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.
Napier Port Holdings's Sloan Ratio for the quarter that ended in Mar. 2026 was 3.37%.
As of Mar. 2026, Napier Port Holdings has a Sloan Ratio of 3.37%, indicating the company is in the safe zone and there is no funny business with accruals.
Napier Port Holdings (NZSE:NPH) 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, Napier Port Holdings has a Sloan Ratio of 3.37%, indicating the company is in the safe zone and there is no funny business with accruals.
Napier Port Holdings Sloan Ratio % Related Terms
Napier Port Holdings Sloan Ratio % Historical Data
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The historical data trend for Napier Port Holdings'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.
Napier Port Holdings Sloan Ratio % Competitor Comparison
For the Marine Shipping subindustry, Napier Port Holdings'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.
Napier Port Holdings Sloan Ratio % vs Transportation Industry
For the Transportation industry and Industrials sector, Napier Port Holdings's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Napier Port Holdings'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.
Napier Port Holdings's Sloan Ratio for the fiscal year that ended in Sep. 2025 is calculated as
For company reported semi-annually, GuruFocus uses latest two semi-annual data as the TTM data.
Napier Port Holdings's Net Income for the trailing twelve months (TTM) ended in Mar. 2026 was 10.719 (Sep. 2025 ) + 17.988 (Mar. 2026 ) = NZ$28.7 Mil.
Napier Port Holdings's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was 28.974 (Sep. 2025 ) + 23.816 (Mar. 2026 ) = NZ$52.8 Mil.
Napier Port Holdings's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2026 was -14.805 (Sep. 2025 ) + -30.103 (Mar. 2026 ) = NZ$-44.9 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.
Napier Port Holdings (NZSE:NPH) has a Sloan Ratio % of 3.37% as of Mar. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Napier Port Holdings and its competitors.
Is Napier Port Holdings' Sloan Ratio % too high?
Napier Port Holdings' current Sloan Ratio % is 3.37%. Overall, Napier Port Holdings has a GF Score™ of 91/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Napier Port Holdings' Sloan Ratio % compare to competitors?
Napier Port Holdings' Sloan Ratio % of 3.37% 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 Napier Port Holdings and its competitors. Napier Port Holdings's current Sloan Ratio % is 3.37%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Napier Port Holdings stock overvalued right now?
Based on GuruFocus' analysis, Napier Port Holdings (NZSE:NPH) is currently considered Fairly Valued. The stock's GF Value™ is NZ$3.39, compared to a current price of NZ$3.63 — trading 7.1% above its estimated fair value. The current Sloan Ratio % is 3.37%. Napier Port Holdings' overall GF Score™ is 91/100 with 5 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 Napier Port Holdings (NZSE:NPH), the current Sloan Ratio % is 3.37% 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 Napier Port Holdings (NZSE:NPH) Overvalued in 2026?
Based on GuruFocus' analysis, Napier Port Holdings stock appears to be overvalued.
The current stock price of NZ$3.63 is trading 7.1% above its estimated GF Value™ of NZ$3.39.
GuruFocus considers Napier Port Holdings to be Fairly Valued.
Key valuation signals for NZSE:NPH:
Sloan Ratio %: 3.37%
GF Value™: NZ$3.39 vs. price of NZ$3.63 (7.1% above fair value)
No single metric tells the full story. See the NZSE:NPH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Napier Port Holdings Ltd is engaged in providing port and logistics services. The Group operates in one reportable segment bein Port Services. This consists of providing and managing port services and cargo handling infrastructure through Napier Port. Within the Port Services reportable segment the following operating segments have been identified: marine services, general cargo services, container services, port pack services and depot services. Geographically, it derives a majority of its revenue from New Zealand, with maximum revenue from Container Services.
91GF Score
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