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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 Bank Mandiri (Persero) Tbk has a Sloan Ratio of 1.98%, indicating the company is in the safe zone and there is no funny business with accruals.
PT Bank Mandiri (Persero) Tbk (OTCPK:PPERY) 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 Bank Mandiri (Persero) Tbk has a Sloan Ratio of 1.98%, indicating the company is in the safe zone and there is no funny business with accruals.
PT Bank Mandiri (Persero) Tbk Sloan Ratio % Related Terms
PT Bank Mandiri (Persero) 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 Bank Mandiri (Persero) Tbk Sloan Ratio % Competitor Comparison
For the Banks - Regional subindustry, PT Bank Mandiri (Persero) 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 Bank Mandiri (Persero) Tbk Sloan Ratio % vs Banks Industry
For the Banks industry and Financial Services sector, PT Bank Mandiri (Persero) Tbk's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where PT Bank Mandiri (Persero) Tbk's Sloan Ratio % falls into.
PT Bank Mandiri (Persero) 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 Bank Mandiri (Persero) Tbk's Net Income for the trailing twelve months (TTM) ended in Jun. 2026 was 804.15 (Sep. 2025 ) + 1111.131 (Dec. 2025 ) + 908.725 (Mar. 2026 ) + 838.763 (Jun. 2026 ) = $3,663 Mil.
PT Bank Mandiri (Persero) Tbk's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 was 770.451 (Sep. 2025 ) + 5776.284 (Dec. 2025 ) + -5119.89 (Mar. 2026 ) + -913.979 (Jun. 2026 ) = $513 Mil.
PT Bank Mandiri (Persero) Tbk's Cash Flow from Investing for the trailing twelve months (TTM) ended in Jun. 2026 was -1060.662 (Sep. 2025 ) + 1225.946 (Dec. 2025 ) + 237.789 (Mar. 2026 ) + -51.239 (Jun. 2026 ) = $352 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 Bank Mandiri (Persero) Tbk (PPERY) has a Sloan Ratio % of 1.98% as of Jun. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on PT Bank Mandiri (Persero) Tbk and its competitors.
Is PT Bank Mandiri (Persero) Tbk's Sloan Ratio % too high?
PT Bank Mandiri (Persero) Tbk's current Sloan Ratio % is 1.98%. Overall, PT Bank Mandiri (Persero) Tbk has a GF Score™ of 59/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does PT Bank Mandiri (Persero) Tbk's Sloan Ratio % compare to competitors?
PT Bank Mandiri (Persero) Tbk's Sloan Ratio % of 1.98% can be compared against companies in the Banks 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 Banks company?
A good Sloan Ratio % depends on the Banks 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 Bank Mandiri (Persero) Tbk and its competitors. PT Bank Mandiri (Persero) Tbk's current Sloan Ratio % is 1.98%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Bank Mandiri (Persero) Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Bank Mandiri (Persero) Tbk (PPERY) is currently considered Significantly Undervalued. The stock's GF Value™ is $13.21, compared to a current price of $9.16 — trading 30.7% below its estimated fair value. The current Sloan Ratio % is 1.98%. PT Bank Mandiri (Persero) Tbk's overall GF Score™ is 59/100 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 Bank Mandiri (Persero) Tbk (PPERY), the current Sloan Ratio % is 1.98% 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.
Is PT Bank Mandiri (Persero) Tbk (PPERY) Overvalued in 2026?
Based on GuruFocus' analysis, PT Bank Mandiri (Persero) Tbk stock appears to be undervalued.
The current stock price of $9.16 is trading 30.7% below its estimated GF Value™ of $13.21.
GuruFocus considers PT Bank Mandiri (Persero) Tbk to be Significantly Undervalued.
Key valuation signals for PPERY:
Sloan Ratio %: 1.98%
GF Value™: $13.21 vs. price of $9.16 (30.7% below fair value)
No single metric tells the full story. See the PPERY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PT Bank Mandiri (Persero) Tbk Business Description
PT Bank Mandiri (Persero) Tbk is engaged in the provision of banking services. Its services include collecting funds from the public in forms of current accounts, term deposits, deposit certificates, savings, and/or other equivalent forms; Lending; Issuing promissory notes; Purchasing, selling, or guaranteeing on own risk or for the interest of and upon orders of the customers; and money transfer for self- interest or customers' interest. Its segments include the Wholesale segment and the Retail segment. Geographically, it operates in Indonesia, Asia (Singapore, Hong Kong, Timor Leste, Shanghai, Malaysia), Western Europe (United Kingdom), and the Cayman Islands.
59GF Score
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