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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.
SKY Perfect JSAT's Sloan Ratio for the quarter that ended in Jun. 2026 was 10.38%.
As of Jun. 2026, SKY Perfect JSAT has a Sloan Ratio of 10.38%, indicating there is a warning stage of accrual build up.
SKY Perfect JSAT (OTCPK:SKPJF) 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, SKY Perfect JSAT has a Sloan Ratio of 10.38%, indicating there is a warning stage of accrual build up.
SKY Perfect JSAT Sloan Ratio % Related Terms
SKY Perfect JSAT Sloan Ratio % Historical Data
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The historical data trend for SKY Perfect JSAT'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 Broadcasting subindustry, SKY Perfect JSAT'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.
SKY Perfect JSAT Sloan Ratio % vs Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, SKY Perfect JSAT's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where SKY Perfect JSAT'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.
SKY Perfect JSAT's Sloan Ratio for the fiscal year that ended in Mar. 2026 is calculated as
SKY Perfect JSAT's Net Income for the trailing twelve months (TTM) ended in Jun. 2026 was 42.522821862415 (Sep. 2025 ) + 38.034507653334 (Dec. 2025 ) + 36.214698696451 (Mar. 2026 ) + 51.62103725847 (Jun. 2026 ) = $168.4 Mil.
SKY Perfect JSAT's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 was 85.308387139773 (Sep. 2025 ) + 89.698386809512 (Dec. 2025 ) + 61.634207931242 (Mar. 2026 ) + 104.62265173513 (Jun. 2026 ) = $341.3 Mil.
SKY Perfect JSAT's Cash Flow from Investing for the trailing twelve months (TTM) ended in Jun. 2026 was -96.945322356789 (Sep. 2025 ) + -103.43536063088 (Dec. 2025 ) + -112.10034317794 (Mar. 2026 ) + -116.88468757309 (Jun. 2026 ) = $-429.4 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.
SKY Perfect JSAT (SKPJF) has a Sloan Ratio % of 10.38% as of Jun. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on SKY Perfect JSAT and its competitors.
Is SKY Perfect JSAT's Sloan Ratio % too high?
SKY Perfect JSAT's current Sloan Ratio % is 10.38%. Overall, SKY Perfect JSAT has a GF Score™ of 70/100, reflecting its overall financial health beyond just this single metric.
How does SKY Perfect JSAT's Sloan Ratio % compare to NXST?
SKY Perfect JSAT's Sloan Ratio % of 10.38% can be compared against companies in the Media - Diversified 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 Media - Diversified company?
A good Sloan Ratio % depends on the Media - Diversified 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 SKY Perfect JSAT and its competitors. SKY Perfect JSAT's current Sloan Ratio % is 10.38%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SKY Perfect JSAT stock overvalued right now?
SKY Perfect JSAT (SKPJF) has a current Sloan Ratio % of 10.38%. The stock's GF Value™ is $11.72, compared to a current price of $22.38 — trading 90.9% above its estimated fair value. The current Sloan Ratio % is 10.38%. SKY Perfect JSAT's overall GF Score™ is 70/100. 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 SKY Perfect JSAT (SKPJF), the current Sloan Ratio % is 10.38% 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 SKY Perfect JSAT (SKPJF) Overvalued in 2026?
Based on GuruFocus' analysis, SKY Perfect JSAT stock appears to be overvalued.
The current stock price of $22.38 is trading 90.9% above its estimated GF Value™ of $11.72.
Key valuation signals for SKPJF:
Sloan Ratio %: 10.38%
GF Value™: $11.72 vs. price of $22.38 (90.9% above fair value)
No single metric tells the full story. See the SKPJF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
SKY Perfect JSAT Corp is a Japan-based company engaged in providing broadcasting and communication services. The company consists of two operating divisions, which are Media Business and Space Business. The Media Business offers platform services such as customer management activities to broadcasting and streaming businesses and Fiber optic alliance, and others. While Space Business offers telecommunication business, space intelligence business, and others.
70GF Score
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