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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, Shihlin Electric & Engineering has a Sloan Ratio of 3.68%, indicating the company is in the safe zone and there is no funny business with accruals.
Shihlin Electric & Engineering (TPE:1503) 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, Shihlin Electric & Engineering has a Sloan Ratio of 3.68%, indicating the company is in the safe zone and there is no funny business with accruals.
Shihlin Electric & Engineering Sloan Ratio % Related Terms
Shihlin Electric & Engineering 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.
Shihlin Electric & Engineering Sloan Ratio % Chart
For the Electrical Equipment & Parts subindustry, Shihlin Electric & Engineering'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.
Shihlin Electric & Engineering Sloan Ratio % vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Shihlin Electric & Engineering's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Shihlin Electric & Engineering's Sloan Ratio % falls into.
Shihlin Electric & Engineering 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.
Shihlin Electric & Engineering's Net Income for the trailing twelve months (TTM) ended in Mar. 2026 was 889.375 (Jun. 2025 ) + 733.668 (Sep. 2025 ) + 421.801 (Dec. 2025 ) + 1453.522 (Mar. 2026 ) = NT$3,498 Mil.
Shihlin Electric & Engineering's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was 284.908 (Jun. 2025 ) + 1055.218 (Sep. 2025 ) + 1763.33 (Dec. 2025 ) + -1329.823 (Mar. 2026 ) = NT$1,774 Mil.
Shihlin Electric & Engineering's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2026 was 293.323 (Jun. 2025 ) + -245.341 (Sep. 2025 ) + -238.764 (Dec. 2025 ) + -311.322 (Mar. 2026 ) = NT$-502 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.
Shihlin Electric & Engineering (TPE:1503) has a Sloan Ratio % of 3.68% as of Mar. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Shihlin Electric & Engineering and its competitors.
Is Shihlin Electric & Engineering's Sloan Ratio % too high?
Shihlin Electric & Engineering's current Sloan Ratio % is 3.68%. Overall, Shihlin Electric & Engineering has a GF Score™ of 92/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Shihlin Electric & Engineering's Sloan Ratio % compare to VRT and BE?
Shihlin Electric & Engineering's Sloan Ratio % of 3.68% 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 Shihlin Electric & Engineering and its competitors. Shihlin Electric & Engineering's current Sloan Ratio % is 3.68%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shihlin Electric & Engineering stock overvalued right now?
Based on GuruFocus' analysis, Shihlin Electric & Engineering (TPE:1503) is currently considered Fairly Valued. The stock's GF Value™ is NT$207.93, compared to a current price of NT$199.50 — trading 4.1% below its estimated fair value. The current Sloan Ratio % is 3.68%. Shihlin Electric & Engineering's overall GF Score™ is 92/100. 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 Shihlin Electric & Engineering (TPE:1503), the current Sloan Ratio % is 3.68% 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 Shihlin Electric & Engineering (TPE:1503) Overvalued in 2026?
Based on GuruFocus' analysis, Shihlin Electric & Engineering stock appears to be undervalued.
The current stock price of NT$199.50 is trading 4.1% below its estimated GF Value™ of NT$207.93.
GuruFocus considers Shihlin Electric & Engineering to be Fairly Valued.
Key valuation signals for TPE:1503:
Sloan Ratio %: 3.68%
GF Value™: NT$207.93 vs. price of NT$199.50 (4.1% below fair value)
No single metric tells the full story. See the TPE:1503 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Shihlin Electric & Engineering Corp is engaged in the manufacture of heavy electrical equipment, electrical machinery, electrical automotive equipment and related parts, and the sale and lease of commercial buildings. Its product portfolio comprises low-voltage switches, solar inverters, charging stations, power transformers, capacitors, switchboards, etc. The group has four reportable segments: Electric Distribution, Automobile Parts, Automation Equipment and Parts, and Other. The majority of its revenue is generated by the Electric Distribution segment, which manufactures and sells heavy electric equipment. Geographically, it generates maximum revenue from Taiwan, followed by Mainland China, Vietnam, and other regions.
92GF Score
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