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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.
Shimamura Co's Sloan Ratio for the quarter that ended in May. 2026 was 15.44%.
As of May. 2026, Shimamura Co has a Sloan Ratio of 15.44%, indicating there is a warning stage of accrual build up.
Shimamura Co (OTCPK:SHAOF) 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 May. 2026, Shimamura Co has a Sloan Ratio of 15.44%, indicating there is a warning stage of accrual build up.
Shimamura Co Sloan Ratio % Related Terms
Shimamura Co Sloan Ratio % Historical Data
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The historical data trend for Shimamura Co'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.
SHAOF vs TJX, ROST, BURL: Sloan Ratio % Comparison
For the Apparel Retail subindustry, Shimamura 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.
Shimamura Co Sloan Ratio % vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Shimamura Co's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Shimamura Co'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.
Shimamura Co's Sloan Ratio for the fiscal year that ended in Feb. 2026 is calculated as
Shimamura Co's Net Income for the trailing twelve months (TTM) ended in May. 2026 was 82.039 (Aug. 2025 ) + 78.935 (Nov. 2025 ) + 60.045 (Feb. 2026 ) + 81.295 (May. 2026 ) = $302 Mil.
Shimamura Co's Cash Flow from Operations for the trailing twelve months (TTM) ended in May. 2026 was 181.945 (Aug. 2025 ) + 50.87 (Nov. 2025 ) + 108.226 (Feb. 2026 ) + 23.844 (May. 2026 ) = $365 Mil.
Shimamura Co's Cash Flow from Investing for the trailing twelve months (TTM) ended in May. 2026 was -70.641 (Aug. 2025 ) + -151.075 (Nov. 2025 ) + 110.431 (Feb. 2026 ) + -514.413 (May. 2026 ) = $-626 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.
Shimamura Co (SHAOF) has a Sloan Ratio % of 15.44% as of May. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Shimamura Co and its competitors.
Is Shimamura Co's Sloan Ratio % too high?
Shimamura Co's current Sloan Ratio % is 15.44%. Overall, Shimamura Co has a GF Score™ of 65/100, reflecting its overall financial health beyond just this single metric.
How does Shimamura Co's Sloan Ratio % compare to TJX and ROST?
Shimamura Co's Sloan Ratio % of 15.44% can be compared against companies in the Retail - Cyclical 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 Retail - Cyclical company?
A good Sloan Ratio % depends on the Retail - Cyclical 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 Shimamura Co and its competitors. Shimamura Co's current Sloan Ratio % is 15.44%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shimamura Co stock overvalued right now?
Shimamura Co (SHAOF) has a current Sloan Ratio % of 15.44%. The stock's GF Value™ is $58.09, compared to a current price of $21.49 — trading 63% below its estimated fair value. The current Sloan Ratio % is 15.44%. Shimamura Co's overall GF Score™ is 65/100. 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 Shimamura Co (SHAOF), the current Sloan Ratio % is 15.44% as of May. 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 Shimamura Co (SHAOF) Overvalued in 2026?
Based on GuruFocus' analysis, Shimamura Co stock appears to be undervalued.
The current stock price of $21.49 is trading 63% below its estimated GF Value™ of $58.09.
Key valuation signals for SHAOF:
Sloan Ratio %: 15.44%
GF Value™: $58.09 vs. price of $21.49 (63% below fair value)
No single metric tells the full story. See the SHAOF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Shimamura Co Ltd is a Japanese apparel retailer. It is engaged in the retail sale of apparel and daily goods. The company operates both domestically and internationally, offering clothing and related products through its network of stores. It conducts business under two reportable segments: Japan and Overseas, with each segment managing sales and operations in its respective regions.
65GF Score
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