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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 Jun. 2026, PT Berlian Laju Tanker Tbk has a Sloan Ratio of -3.36%, indicating the company is in the safe zone and there is no funny business with accruals.
PT Berlian Laju Tanker Tbk (OTCPK:PBLJF) 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 Jun. 2026, PT Berlian Laju Tanker Tbk has a Sloan Ratio of -3.36%, indicating the company is in the safe zone and there is no funny business with accruals.
PT Berlian Laju Tanker Tbk Sloan Ratio % Related Terms
PT Berlian Laju Tanker Tbk 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.
PT Berlian Laju Tanker Tbk Sloan Ratio % Competitor Comparison
For the Marine Shipping subindustry, PT Berlian Laju Tanker Tbk'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.
PT Berlian Laju Tanker Tbk Sloan Ratio % vs Transportation Industry
For the Transportation industry and Industrials sector, PT Berlian Laju Tanker Tbk's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where PT Berlian Laju Tanker Tbk's Sloan Ratio % falls into.
PT Berlian Laju Tanker Tbk 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.
PT Berlian Laju Tanker Tbk's Net Income for the trailing twelve months (TTM) ended in Jun. 2026 was 0.609 (Sep. 2025 ) + -0.038 (Dec. 2025 ) + 0.549 (Mar. 2026 ) + 0.46 (Jun. 2026 ) = $1.58 Mil.
PT Berlian Laju Tanker Tbk's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 was 4.62 (Sep. 2025 ) + 4.92 (Dec. 2025 ) + 4.526 (Mar. 2026 ) + 6.795 (Jun. 2026 ) = $20.86 Mil.
PT Berlian Laju Tanker Tbk's Cash Flow from Investing for the trailing twelve months (TTM) ended in Jun. 2026 was -0.49 (Sep. 2025 ) + 2.251 (Dec. 2025 ) + -1.115 (Mar. 2026 ) + -14.896 (Jun. 2026 ) = $-14.25 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.
PT Berlian Laju Tanker Tbk (PBLJF) has a Sloan Ratio % of -3.36% as of Jun. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on PT Berlian Laju Tanker Tbk and its competitors.
Is PT Berlian Laju Tanker Tbk's Sloan Ratio % too high?
PT Berlian Laju Tanker Tbk's current Sloan Ratio % is -3.36%. Overall, PT Berlian Laju Tanker Tbk has a GF Score™ of 77/100, reflecting its overall financial health beyond just this single metric.
How does PT Berlian Laju Tanker Tbk's Sloan Ratio % compare to competitors?
PT Berlian Laju Tanker Tbk's Sloan Ratio % of -3.36% 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 PT Berlian Laju Tanker Tbk and its competitors. PT Berlian Laju Tanker Tbk's current Sloan Ratio % is -3.36%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Berlian Laju Tanker Tbk stock overvalued right now?
PT Berlian Laju Tanker Tbk (PBLJF) has a current Sloan Ratio % of -3.36%. The current Sloan Ratio % is -3.36%. PT Berlian Laju Tanker Tbk's overall GF Score™ is 77/100 with 4 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 PT Berlian Laju Tanker Tbk (PBLJF), the current Sloan Ratio % is -3.36% as of Jun. 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.
PT Berlian Laju Tanker Tbk is a company that is involved in the business of maritime transportation of liquid and gas bulk cargo. The company's business activity is to provide the service of chartering out of cargo space in its vessels to third parties to transport liquid cargo. The company has three reportable segments: the chemical tankers segment, which is the key revenue driver, provides maritime transportation of liquid chemical and vegetable oil and animal fats; the gas tankers segment provides maritime transportation of liquefied gas such as LPG, propylene, propane, and LNG and the others segments include manning and ship management. The company operates in two geographical areas, namely Malaysia and Indonesia.
77GF Score
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