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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, Sun Brothers Development Co has a Sloan Ratio of 9.98%, indicating the company is in the safe zone and there is no funny business with accruals.
Sun Brothers Development Co (ROCO:3489) 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, Sun Brothers Development Co has a Sloan Ratio of 9.98%, indicating the company is in the safe zone and there is no funny business with accruals.
Sun Brothers Development Co Sloan Ratio % Related Terms
Sun Brothers Development Co 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.
Sun Brothers Development Co Sloan Ratio % Competitor Comparison
For the Real Estate - Development subindustry, Sun Brothers Development Co'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.
Sun Brothers Development Co Sloan Ratio % vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Sun Brothers Development Co's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Sun Brothers Development Co's Sloan Ratio % falls into.
Sun Brothers Development Co 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.
Sun Brothers Development Co's Net Income for the trailing twelve months (TTM) ended in Jun. 2026 was -5.797 (Sep. 2025 ) + 3.512 (Dec. 2025 ) + -2.286 (Mar. 2026 ) + 4.908 (Jun. 2026 ) = NT$0.3 Mil.
Sun Brothers Development Co's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 was -172.047 (Sep. 2025 ) + -42.247 (Dec. 2025 ) + -93.181 (Mar. 2026 ) + -114.157 (Jun. 2026 ) = NT$-421.6 Mil.
Sun Brothers Development Co's Cash Flow from Investing for the trailing twelve months (TTM) ended in Jun. 2026 was 0.001 (Sep. 2025 ) + 0.009 (Dec. 2025 ) + 0.013 (Mar. 2026 ) + 0.2 (Jun. 2026 ) = NT$0.2 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.
Sun Brothers Development Co (ROCO:3489) has a Sloan Ratio % of 9.98% as of Jun. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Sun Brothers Development Co and its competitors.
Is Sun Brothers Development Co's Sloan Ratio % too high?
Sun Brothers Development Co's current Sloan Ratio % is 9.98%. Overall, Sun Brothers Development Co has a GF Score™ of 51/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Sun Brothers Development Co's Sloan Ratio % compare to competitors?
Sun Brothers Development Co's Sloan Ratio % of 9.98% can be compared against companies in the Real Estate 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 Real Estate company?
A good Sloan Ratio % depends on the Real Estate 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 Sun Brothers Development Co and its competitors. Sun Brothers Development Co's current Sloan Ratio % is 9.98%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sun Brothers Development Co stock overvalued right now?
Based on GuruFocus' analysis, Sun Brothers Development Co (ROCO:3489) is currently considered Modestly Overvalued. The stock's GF Value™ is NT$18.82, compared to a current price of NT$21.15 — trading 12.4% above its estimated fair value. The current Sloan Ratio % is 9.98%. Sun Brothers Development Co's overall GF Score™ is 51/100 with 7 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 Sun Brothers Development Co (ROCO:3489), the current Sloan Ratio % is 9.98% 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 Sun Brothers Development Co (ROCO:3489) Overvalued in 2026?
Based on GuruFocus' analysis, Sun Brothers Development Co stock appears to be overvalued.
The current stock price of NT$21.15 is trading 12.4% above its estimated GF Value™ of NT$18.82.
GuruFocus considers Sun Brothers Development Co to be Modestly Overvalued.
Key valuation signals for ROCO:3489:
Sloan Ratio %: 9.98%
GF Value™: NT$18.82 vs. price of NT$21.15 (12.4% above fair value)
No single metric tells the full story. See the ROCO:3489 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Sun Brothers Development Co Ltd is engaged in wholesale of building materials, developing, constructing, leasing and selling for residential, commercial or industrial buildings and others. It is also involved in the development and construction of collective housing and public works contract construction. The company's segments are: Real property section, and Construction section. It derives revenue from Construction segment.
51GF Score
Get the complete analysis for ROCO:3489
Sloan Ratio % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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