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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 Jun. 2026, Lien Hwa Industrial Holding has a Sloan Ratio of -0.36%, indicating the company is in the safe zone and there is no funny business with accruals.
Lien Hwa Industrial Holding (TPE:1229) 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, Lien Hwa Industrial Holding has a Sloan Ratio of -0.36%, indicating the company is in the safe zone and there is no funny business with accruals.
Lien Hwa Industrial Holding Sloan Ratio % Related Terms
Lien Hwa Industrial Holding 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 Conglomerates subindustry, Lien Hwa Industrial Holding'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.
Lien Hwa Industrial Holding Sloan Ratio % vs Conglomerates Industry
For the Conglomerates industry and Industrials sector, Lien Hwa Industrial Holding's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Lien Hwa Industrial Holding's Sloan Ratio % falls into.
Lien Hwa Industrial Holding 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.
Lien Hwa Industrial Holding's Net Income for the trailing twelve months (TTM) ended in Jun. 2026 was 1275.558 (Sep. 2025 ) + 1013.899 (Dec. 2025 ) + 980.784 (Mar. 2026 ) + 1186.204 (Jun. 2026 ) = NT$4,456 Mil.
Lien Hwa Industrial Holding's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 was 3680.307 (Sep. 2025 ) + 1581.286 (Dec. 2025 ) + 844.179 (Mar. 2026 ) + 443.783 (Jun. 2026 ) = NT$6,550 Mil.
Lien Hwa Industrial Holding's Cash Flow from Investing for the trailing twelve months (TTM) ended in Jun. 2026 was -284.324 (Sep. 2025 ) + -437.983 (Dec. 2025 ) + -666.307 (Mar. 2026 ) + -304.987 (Jun. 2026 ) = NT$-1,694 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.
Lien Hwa Industrial Holding (TPE:1229) has a Sloan Ratio % of -0.36% as of Jun. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Lien Hwa Industrial Holding and its competitors.
Is Lien Hwa Industrial Holding's Sloan Ratio % too high?
Lien Hwa Industrial Holding's current Sloan Ratio % is -0.36%. Overall, Lien Hwa Industrial Holding has a GF Score™ of 88/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Lien Hwa Industrial Holding's Sloan Ratio % compare to MMM and HON?
Lien Hwa Industrial Holding's Sloan Ratio % of -0.36% 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 Lien Hwa Industrial Holding and its competitors. Lien Hwa Industrial Holding's current Sloan Ratio % is -0.36%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Lien Hwa Industrial Holding stock overvalued right now?
Based on GuruFocus' analysis, Lien Hwa Industrial Holding (TPE:1229) is currently considered Fairly Valued. The stock's GF Value™ is NT$46.44, compared to a current price of NT$42.10 — trading 9.3% below its estimated fair value. The current Sloan Ratio % is -0.36%. Lien Hwa Industrial Holding's overall GF Score™ is 88/100 with 7 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 Lien Hwa Industrial Holding (TPE:1229), the current Sloan Ratio % is -0.36% 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 Lien Hwa Industrial Holding (TPE:1229) Overvalued in 2026?
Based on GuruFocus' analysis, Lien Hwa Industrial Holding stock appears to be undervalued.
The current stock price of NT$42.10 is trading 9.3% below its estimated GF Value™ of NT$46.44.
GuruFocus considers Lien Hwa Industrial Holding to be Fairly Valued.
Key valuation signals for TPE:1229:
Sloan Ratio %: -0.36%
GF Value™: NT$46.44 vs. price of NT$42.10 (9.3% below fair value)
No single metric tells the full story. See the TPE:1229 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Lien Hwa Industrial Holding Corp is engaged in flour production, real estate rental, integrated system service, automatic system, and other electronic businesses. The company has four reportable segments. The rental business provides real property rental and development services. The Flour business manufactures and sells all kinds of Flour and processed foods. The system integration service business provides the system integration service, automatic system, applied software design and sale of industrial computer. The administrative resource center is responsible for the management of domestic/foreign investment business.
88GF Score
Get the complete analysis for TPE:1229
Sloan Ratio % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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