Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
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.
ShinMaywa Industries's Sloan Ratio for the quarter that ended in Jun. 2026 was -3.39%.
As of Jun. 2026, ShinMaywa Industries has a Sloan Ratio of -3.39%, indicating the company is in the safe zone and there is no funny business with accruals.
ShinMaywa Industries (OTCPK:SHMWF) 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, ShinMaywa Industries has a Sloan Ratio of -3.39%, indicating the company is in the safe zone and there is no funny business with accruals.
ShinMaywa Industries Sloan Ratio % Related Terms
ShinMaywa Industries Sloan Ratio % Historical Data
* Premium members only.
The historical data trend for ShinMaywa Industries'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.
For the Conglomerates subindustry, ShinMaywa Industries'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.
ShinMaywa Industries Sloan Ratio % vs Conglomerates Industry
For the Conglomerates industry and Industrials sector, ShinMaywa Industries's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where ShinMaywa Industries'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.
ShinMaywa Industries's Sloan Ratio for the fiscal year that ended in Mar. 2026 is calculated as
ShinMaywa Industries's Net Income for the trailing twelve months (TTM) ended in Jun. 2026 was 12.748 (Sep. 2025 ) + 22.769 (Dec. 2025 ) + 32.568 (Mar. 2026 ) + 11.669 (Jun. 2026 ) = $80 Mil.
ShinMaywa Industries's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 was 22.731 (Sep. 2025 ) + -4.342 (Dec. 2025 ) + 175.69 (Mar. 2026 ) + 11.52 (Jun. 2026 ) = $206 Mil.
ShinMaywa Industries's Cash Flow from Investing for the trailing twelve months (TTM) ended in Jun. 2026 was -13.032 (Sep. 2025 ) + -17.285 (Dec. 2025 ) + -19.145 (Mar. 2026 ) + -15.88 (Jun. 2026 ) = $-65 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.
ShinMaywa Industries (SHMWF) has a Sloan Ratio % of -3.39% as of Jun. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on ShinMaywa Industries and its competitors.
Is ShinMaywa Industries' Sloan Ratio % too high?
ShinMaywa Industries' current Sloan Ratio % is -3.39%. Overall, ShinMaywa Industries has a GF Score™ of 81/100, reflecting its overall financial health beyond just this single metric.
How does ShinMaywa Industries' Sloan Ratio % compare to MMM and HON?
ShinMaywa Industries' Sloan Ratio % of -3.39% can be compared against companies in the Conglomerates 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 Conglomerates company?
A good Sloan Ratio % depends on the Conglomerates 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 ShinMaywa Industries and its competitors. ShinMaywa Industries's current Sloan Ratio % is -3.39%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ShinMaywa Industries stock overvalued right now?
ShinMaywa Industries (SHMWF) has a current Sloan Ratio % of -3.39%. The stock's GF Value™ is $10.51, compared to a current price of $13.30 — trading 26.5% above its estimated fair value. The current Sloan Ratio % is -3.39%. ShinMaywa Industries' overall GF Score™ is 81/100 with 1 warning sign 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 ShinMaywa Industries (SHMWF), the current Sloan Ratio % is -3.39% 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 ShinMaywa Industries (SHMWF) Overvalued in 2026?
Based on GuruFocus' analysis, ShinMaywa Industries stock appears to be overvalued.
The current stock price of $13.30 is trading 26.5% above its estimated GF Value™ of $10.51.
Key valuation signals for SHMWF:
Sloan Ratio %: -3.39%
GF Value™: $10.51 vs. price of $13.30 (26.5% above fair value)
No single metric tells the full story. See the SHMWF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
ShinMaywa Industries Ltd manufactures a wide range of products, including parking systems, aircrafts, trucks, and other industrial systems. The company has four operating segments: aircraft, special-purpose truck, industrial machinery and environmental systems, and parking systems. The special-purpose truck segment generates roughly half of total sales and focuses on distributing dump trucks, lifters, compactors, and forestry machinery. The aircraft segment sells amphibian aircraft (capable of open-sea landing and takeoff) and aircraft parts to other manufacturers. Sales to customers located in Japan constitute about three fourths of total revenue.
81GF Score
Get the complete analysis for SHMWF
Sloan Ratio % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
SHMWF has been successfully added to your 
