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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, Loc Phat Vietnam Commercial Joint Stock Bank has a Sloan Ratio of -4.02%, indicating the company is in the safe zone and there is no funny business with accruals.
Loc Phat Vietnam Commercial Joint Stock Bank (STC:LPB) 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, Loc Phat Vietnam Commercial Joint Stock Bank has a Sloan Ratio of -4.02%, indicating the company is in the safe zone and there is no funny business with accruals.
Loc Phat Vietnam Commercial Joint Stock Bank Sloan Ratio % Related Terms
Loc Phat Vietnam Commercial Joint Stock Bank 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.
Loc Phat Vietnam Commercial Joint Stock Bank Sloan Ratio % Chart
Loc Phat Vietnam Commercial Joint Stock Bank Annual Data
Loc Phat Vietnam Commercial Joint Stock Bank Sloan Ratio % Competitor Comparison
For the Banks - Regional subindustry, Loc Phat Vietnam Commercial Joint Stock Bank'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.
Loc Phat Vietnam Commercial Joint Stock Bank Sloan Ratio % vs Banks Industry
Loc Phat Vietnam Commercial Joint Stock Bank 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.
* 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.
Loc Phat Vietnam Commercial Joint Stock Bank (STC:LPB) has a Sloan Ratio % of -4.02% as of Mar. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Loc Phat Vietnam Commercial Joint Stock Bank and its competitors.
Is Loc Phat Vietnam Commercial Joint Stock Bank's Sloan Ratio % too high?
Loc Phat Vietnam Commercial Joint Stock Bank's current Sloan Ratio % is -4.02%. Overall, Loc Phat Vietnam Commercial Joint Stock Bank has a GF Score™ of 69/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Loc Phat Vietnam Commercial Joint Stock Bank's Sloan Ratio % compare to competitors?
Loc Phat Vietnam Commercial Joint Stock Bank's Sloan Ratio % of -4.02% can be compared against companies in the Banks 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 Banks company?
A good Sloan Ratio % depends on the Banks 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 Loc Phat Vietnam Commercial Joint Stock Bank and its competitors. Loc Phat Vietnam Commercial Joint Stock Bank's current Sloan Ratio % is -4.02%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Loc Phat Vietnam Commercial Joint Stock Bank stock overvalued right now?
Based on GuruFocus' analysis, Loc Phat Vietnam Commercial Joint Stock Bank (STC:LPB) is currently considered Significantly Overvalued. The stock's GF Value™ is ₫29,755.64, compared to a current price of ₫51,600.00 — trading 73.4% above its estimated fair value. The current Sloan Ratio % is -4.02%. Loc Phat Vietnam Commercial Joint Stock Bank's overall GF Score™ is 69/100 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 Loc Phat Vietnam Commercial Joint Stock Bank (STC:LPB), the current Sloan Ratio % is -4.02% 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 Loc Phat Vietnam Commercial Joint Stock Bank (STC:LPB) Overvalued in 2026?
Based on GuruFocus' analysis, Loc Phat Vietnam Commercial Joint Stock Bank stock appears to be overvalued.
The current stock price of ₫51,600.00 is trading 73.4% above its estimated GF Value™ of ₫29,755.64.
GuruFocus considers Loc Phat Vietnam Commercial Joint Stock Bank to be Significantly Overvalued.
Key valuation signals for STC:LPB:
Sloan Ratio %: -4.02%
GF Value™: ₫29,755.64 vs. price of ₫51,600.00 (73.4% above fair value)
No single metric tells the full story. See the STC:LPB stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Loc Phat Vietnam Commercial Joint Stock Bank Business Description
Loc Phat Vietnam Commercial Joint Stock Bank is a financial institution in Vietnam operating with the mission of providing comprehensive financial solutions for individual customers, businesses, and partners. Its offerings include Payment accounts, Cards, savings, loans, International money transfer, Insurance, and other services.
69GF 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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