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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 Mar. 2026, Shanghai Electric Group Co has a Sloan Ratio of -0.42%, indicating the company is in the safe zone and there is no funny business with accruals.
Shanghai Electric Group Co (OTCPK:SIELF) 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, Shanghai Electric Group Co has a Sloan Ratio of -0.42%, indicating the company is in the safe zone and there is no funny business with accruals.
Shanghai Electric Group Co Sloan Ratio % Related Terms
Shanghai Electric Group 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.
For the Specialty Industrial Machinery subindustry, Shanghai Electric Group 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.
Shanghai Electric Group Co Sloan Ratio % vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Shanghai Electric Group Co's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Shanghai Electric Group Co's Sloan Ratio % falls into.
Shanghai Electric Group 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.
Shanghai Electric Group Co's Net Income for the trailing twelve months (TTM) ended in Mar. 2026 was 73.597 (Jun. 2025 ) + 34.34 (Sep. 2025 ) + 19.998 (Dec. 2025 ) + 55.199 (Mar. 2026 ) = $183 Mil.
Shanghai Electric Group Co's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was 757.38 (Jun. 2025 ) + 10.881 (Sep. 2025 ) + 1259.402 (Dec. 2025 ) + -116.143 (Mar. 2026 ) = $1,912 Mil.
Shanghai Electric Group Co's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2026 was -336.354 (Jun. 2025 ) + -602.247 (Sep. 2025 ) + -620.9 (Dec. 2025 ) + 29.083 (Mar. 2026 ) = $-1,530 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.
Shanghai Electric Group Co (SIELF) has a Sloan Ratio % of -0.42% as of Mar. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Shanghai Electric Group Co and its competitors.
Is Shanghai Electric Group Co's Sloan Ratio % too high?
Shanghai Electric Group Co's current Sloan Ratio % is -0.42%. Overall, Shanghai Electric Group Co has a GF Score™ of 53/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Shanghai Electric Group Co's Sloan Ratio % compare to GEV and ETN?
Shanghai Electric Group Co's Sloan Ratio % of -0.42% can be compared against companies in the Industrial Products 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 an Industrial Products company?
A good Sloan Ratio % depends on the Industrial Products 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 Shanghai Electric Group Co and its competitors. Shanghai Electric Group Co's current Sloan Ratio % is -0.42%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shanghai Electric Group Co stock overvalued right now?
Based on GuruFocus' analysis, Shanghai Electric Group Co (SIELF) is currently considered Modestly Undervalued. The stock's GF Value™ is $0.64, compared to a current price of $0.57 — trading 10.9% below its estimated fair value. The current Sloan Ratio % is -0.42%. Shanghai Electric Group Co's overall GF Score™ is 53/100 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 Shanghai Electric Group Co (SIELF), the current Sloan Ratio % is -0.42% 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 Shanghai Electric Group Co (SIELF) Overvalued in 2026?
Based on GuruFocus' analysis, Shanghai Electric Group Co stock appears to be undervalued.
The current stock price of $0.57 is trading 10.9% below its estimated GF Value™ of $0.64.
GuruFocus considers Shanghai Electric Group Co to be Modestly Undervalued.
Key valuation signals for SIELF:
Sloan Ratio %: -0.42%
GF Value™: $0.64 vs. price of $0.57 (10.9% below fair value)
No single metric tells the full story. See the SIELF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Shanghai Electric Group Co Ltd is an integrated equipment manufacturing group specializing in industrial equipment. Its products include thermal generator sets, nuclear power units, wind power equipment, power T&D equipment, environmental protection equipment, automation equipment, elevators, rail transit, and Industrial Internet. The operating segments are energy equipment, industrial equipment, and integrated services segments, with maximum revenue from the energy equipment segment, that designs, manufacture and sales of nuclear power equipment, energy storage equipment, coal-fired power generation and auxiliary equipment, gas power generation equipment, wind power equipment, hydrogen equipment, photovoltaic equipment and high-end chemical equipment; provision of power grid and Others.
53GF Score
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Sloan Ratio % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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