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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.
PT Vale Indonesia Tbk's Sloan Ratio for the quarter that ended in Mar. 2026 was 13.22%.
As of Mar. 2026, PT Vale Indonesia Tbk has a Sloan Ratio of 13.22%, indicating there is a warning stage of accrual build up.
PT Vale Indonesia Tbk (OTCPK:PTNDF) 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 Vale Indonesia Tbk has a Sloan Ratio of 13.22%, indicating there is a warning stage of accrual build up.
PT Vale Indonesia Tbk Sloan Ratio % Related Terms
PT Vale Indonesia Tbk Sloan Ratio % Historical Data
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The historical data trend for PT Vale Indonesia Tbk'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.
PT Vale Indonesia Tbk Sloan Ratio % Competitor Comparison
For the Other Industrial Metals & Mining subindustry, PT Vale Indonesia 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 Vale Indonesia Tbk Sloan Ratio % vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, PT Vale Indonesia Tbk's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where PT Vale Indonesia Tbk'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.
PT Vale Indonesia Tbk's Sloan Ratio for the fiscal year that ended in Dec. 2025 is calculated as
PT Vale Indonesia Tbk's Net Income for the trailing twelve months (TTM) ended in Mar. 2026 was 6.258 (Jun. 2025 ) + 24.394 (Sep. 2025 ) + 23.616 (Dec. 2025 ) + 43.612 (Mar. 2026 ) = $98 Mil.
PT Vale Indonesia Tbk's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was 37.488 (Jun. 2025 ) + 95.355 (Sep. 2025 ) + 46.201 (Dec. 2025 ) + -17.575 (Mar. 2026 ) = $161 Mil.
PT Vale Indonesia Tbk's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2026 was -96.617 (Jun. 2025 ) + -106.69 (Sep. 2025 ) + -162.984 (Dec. 2025 ) + -138.717 (Mar. 2026 ) = $-505 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 Vale Indonesia Tbk (PTNDF) has a Sloan Ratio % of 13.22% as of Mar. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on PT Vale Indonesia Tbk and its competitors.
Is PT Vale Indonesia Tbk's Sloan Ratio % too high?
PT Vale Indonesia Tbk's current Sloan Ratio % is 13.22%. Overall, PT Vale Indonesia Tbk has a GF Score™ of 88/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does PT Vale Indonesia Tbk's Sloan Ratio % compare to competitors?
PT Vale Indonesia Tbk's Sloan Ratio % of 13.22% can be compared against companies in the Metals & Mining 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 Metals & Mining company?
A good Sloan Ratio % depends on the Metals & Mining 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 Vale Indonesia Tbk and its competitors. PT Vale Indonesia Tbk's current Sloan Ratio % is 13.22%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Vale Indonesia Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Vale Indonesia Tbk (PTNDF) is currently considered Modestly Overvalued. The stock's GF Value™ is $0.24, compared to a current price of $0.28 — trading 18.7% above its estimated fair value. The current Sloan Ratio % is 13.22%. PT Vale Indonesia Tbk's overall GF Score™ is 88/100 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 PT Vale Indonesia Tbk (PTNDF), the current Sloan Ratio % is 13.22% 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 Vale Indonesia Tbk (PTNDF) Overvalued in 2026?
Based on GuruFocus' analysis, PT Vale Indonesia Tbk stock appears to be overvalued.
The current stock price of $0.28 is trading 18.7% above its estimated GF Value™ of $0.24.
GuruFocus considers PT Vale Indonesia Tbk to be Modestly Overvalued.
Key valuation signals for PTNDF:
Sloan Ratio %: 13.22%
GF Value™: $0.24 vs. price of $0.28 (18.7% above fair value)
No single metric tells the full story. See the PTNDF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PT Vale Indonesia Tbk is an integrated nickel mining and processing company, with its primary operations located in the Sorowako Block, South Sulawesi Province. Utilizing pyrometallurgical and smelting technologies, the company processes laterite nickel ore into nickel matte. It is currently advancing its Indonesia Growth Project (IGP), which includes High-Pressure Acid Leach (HPAL) facilities in Pomalaa, Morowali, and Sorowako Limonite. The company operates in only one business and geographical segment: nickel mining and processing in Indonesia.
88GF Score
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