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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.
Asia Cement's Sloan Ratio for the quarter that ended in Mar. 2026 was 0.48%.
As of Mar. 2026, Asia Cement has a Sloan Ratio of 0.48%, indicating the company is in the safe zone and there is no funny business with accruals.
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, Asia Cement has a Sloan Ratio of 0.48%, indicating the company is in the safe zone and there is no funny business with accruals.
Asia Cement Sloan Ratio % Related Terms
Asia Cement Sloan Ratio % Historical Data
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The historical data trend for Asia Cement'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.
TPE:1102 vs CRH, VMC, MLM: Sloan Ratio % Comparison
For the Building Materials subindustry, Asia Cement'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.
Asia Cement Sloan Ratio % vs Building Materials Industry
For the Building Materials industry and Basic Materials sector, Asia Cement's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Asia Cement'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.
Asia Cement's Sloan Ratio for the fiscal year that ended in Dec. 2025 is calculated as
Asia Cement's Net Income for the trailing twelve months (TTM) ended in Mar. 2026 was 2929.741 (Jun. 2025 ) + 3791.117 (Sep. 2025 ) + 1944.675 (Dec. 2025 ) + 1887.022 (Mar. 2026 ) = NT$10,553 Mil.
Asia Cement's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was 2600.245 (Jun. 2025 ) + 7425.245 (Sep. 2025 ) + 4040.055 (Dec. 2025 ) + 1751.457 (Mar. 2026 ) = NT$15,817 Mil.
Asia Cement's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2026 was 124.661 (Jun. 2025 ) + -4503.014 (Sep. 2025 ) + -3414.726 (Dec. 2025 ) + 935.149 (Mar. 2026 ) = NT$-6,858 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.
Asia Cement (TPE:1102) has a Sloan Ratio % of 0.48% as of Mar. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Asia Cement and its competitors.
Is Asia Cement's Sloan Ratio % too high?
Asia Cement's current Sloan Ratio % is 0.48%. Overall, Asia Cement has a GF Score™ of 73/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Asia Cement's Sloan Ratio % compare to CRH and VMC?
Asia Cement's Sloan Ratio % of 0.48% can be compared against companies in the Building Materials 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 Building Materials company?
A good Sloan Ratio % depends on the Building Materials 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 Asia Cement and its competitors. Asia Cement's current Sloan Ratio % is 0.48%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Asia Cement stock overvalued right now?
Based on GuruFocus' analysis, Asia Cement (TPE:1102) is currently considered Fairly Valued. The stock's GF Value™ is NT$35.39, compared to a current price of NT$32.35 — trading 8.6% below its estimated fair value. The current Sloan Ratio % is 0.48%. Asia Cement's overall GF Score™ is 73/100 with 6 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 Asia Cement (TPE:1102), the current Sloan Ratio % is 0.48% 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 Asia Cement (TPE:1102) Overvalued in 2026?
Based on GuruFocus' analysis, Asia Cement stock appears to be undervalued.
The current stock price of NT$32.35 is trading 8.6% below its estimated GF Value™ of NT$35.39.
GuruFocus considers Asia Cement to be Fairly Valued.
Key valuation signals for TPE:1102:
Sloan Ratio %: 0.48%
GF Value™: NT$35.39 vs. price of NT$32.35 (8.6% below fair value)
No single metric tells the full story. See the TPE:1102 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Asia Cement Corp manufactures and sells cement, concrete, and cement-related products to the construction and building industries, and engages in leasing activities. The company is also required to undertake reforestation activities in designated areas. Asia Cement's product portfolio includes Portland cement types I and II, cement clinker, ready-mix concrete, furnace powder, and plaster among others. Its reportable segments are as follows: Cement which derives key revenue, Electric Power, Investment, Engineering, Transportation, Stainless Steel, and Leasing. The majority of Its revenue comes from Taiwan and China.
73GF Score
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