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, PT Cahaya Aero Services Tbk has a Sloan Ratio of -5.68%, indicating the company is in the safe zone and there is no funny business with accruals.
PT Cahaya Aero Services Tbk (OTCPK:PCAEF) 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, PT Cahaya Aero Services Tbk has a Sloan Ratio of -5.68%, indicating the company is in the safe zone and there is no funny business with accruals.
PT Cahaya Aero Services Tbk Sloan Ratio % Related Terms
PT Cahaya Aero Services 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.
For the Airports & Air Services subindustry, PT Cahaya Aero Services 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 Cahaya Aero Services Tbk Sloan Ratio % vs Transportation Industry
For the Transportation industry and Industrials sector, PT Cahaya Aero Services Tbk's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where PT Cahaya Aero Services Tbk's Sloan Ratio % falls into.
PT Cahaya Aero Services 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 Cahaya Aero Services Tbk's Net Income for the trailing twelve months (TTM) ended in Mar. 2026 was 6.25 (Jun. 2025 ) + 9.807 (Sep. 2025 ) + 5.951 (Dec. 2025 ) + 5.314 (Mar. 2026 ) = $27.3 Mil.
PT Cahaya Aero Services Tbk's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was 10.421 (Jun. 2025 ) + 17.823 (Sep. 2025 ) + 17.713 (Dec. 2025 ) + 10.044 (Mar. 2026 ) = $56.0 Mil.
PT Cahaya Aero Services Tbk's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2026 was -1.331 (Jun. 2025 ) + -0.681 (Sep. 2025 ) + -14.531 (Dec. 2025 ) + -1.122 (Mar. 2026 ) = $-17.7 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 Cahaya Aero Services Tbk (PCAEF) has a Sloan Ratio % of -5.68% as of Mar. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on PT Cahaya Aero Services Tbk and its competitors.
Is PT Cahaya Aero Services Tbk's Sloan Ratio % too high?
PT Cahaya Aero Services Tbk's current Sloan Ratio % is -5.68%. Overall, PT Cahaya Aero Services Tbk has a GF Score™ of 86/100, reflecting its overall financial health beyond just this single metric.
How does PT Cahaya Aero Services Tbk's Sloan Ratio % compare to JOBY and CAAP?
PT Cahaya Aero Services Tbk's Sloan Ratio % of -5.68% 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 Cahaya Aero Services Tbk and its competitors. PT Cahaya Aero Services Tbk's current Sloan Ratio % is -5.68%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Cahaya Aero Services Tbk stock overvalued right now?
PT Cahaya Aero Services Tbk (PCAEF) has a current Sloan Ratio % of -5.68%. The stock's GF Value™ is $0.08, compared to a current price of $0.07 — trading 12.5% below its estimated fair value. The current Sloan Ratio % is -5.68%. PT Cahaya Aero Services Tbk's overall GF Score™ is 86/100. 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 Cahaya Aero Services Tbk (PCAEF), the current Sloan Ratio % is -5.68% 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 PT Cahaya Aero Services Tbk (PCAEF) Overvalued in 2026?
Based on GuruFocus' analysis, PT Cahaya Aero Services Tbk stock appears to be undervalued.
The current stock price of $0.07 is trading 12.5% below its estimated GF Value™ of $0.08.
Key valuation signals for PCAEF:
Sloan Ratio %: -5.68%
GF Value™: $0.08 vs. price of $0.07 (12.5% below fair value)
No single metric tells the full story. See the PCAEF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
AddressWisma Soewarna Office, Soekarno-Hatta International Airport, 3rd Floor, Manor Building, Unit GH, Soewarna Business Park, Kelurahan Pajang, Kecamatan Benda, Jalan Raya Bandara Soekarno-Hatta, Banten, Tangerang, IDN, 15126
PT Cahaya Aero Services Tbk is engaged in the provision of aviation support services, food solutions, and facility management. The group is engaged in trading, the provision of food and beverages, warehousing, transportation support services, the repair of transportation equipment, education, and other management consulting activities and in aviation support services, catering services, and aviation-related training. The activities of the company are divided into Aviation and Non-Aviation segment. The company derives the majority of its revenue from the Aviation segment.
86GF Score
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