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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.
Nankang Rubber Tire's Sloan Ratio for the quarter that ended in Jun. 2026 was -11.63%.
As of Jun. 2026, Nankang Rubber Tire has a Sloan Ratio of -11.63%, indicating there is a warning stage of accrual build up.
Nankang Rubber Tire (TPE:2101) 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, Nankang Rubber Tire has a Sloan Ratio of -11.63%, indicating there is a warning stage of accrual build up.
Nankang Rubber Tire Sloan Ratio % Related Terms
Nankang Rubber Tire Sloan Ratio % Historical Data
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The historical data trend for Nankang Rubber Tire'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:2101 vs ORLY, AZO, GPC: Sloan Ratio % Comparison
For the Auto Parts subindustry, Nankang Rubber Tire'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.
Nankang Rubber Tire Sloan Ratio % vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Nankang Rubber Tire's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Nankang Rubber Tire'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.
Nankang Rubber Tire's Sloan Ratio for the fiscal year that ended in Dec. 2025 is calculated as
Nankang Rubber Tire's Net Income for the trailing twelve months (TTM) ended in Jun. 2026 was 110.236 (Sep. 2025 ) + -130.033 (Dec. 2025 ) + 1402.77 (Mar. 2026 ) + 1672.108 (Jun. 2026 ) = NT$3,055 Mil.
Nankang Rubber Tire's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 was 1077.389 (Sep. 2025 ) + 2137.777 (Dec. 2025 ) + 2753.445 (Mar. 2026 ) + 2472.14 (Jun. 2026 ) = NT$8,441 Mil.
Nankang Rubber Tire's Cash Flow from Investing for the trailing twelve months (TTM) ended in Jun. 2026 was -1208.352 (Sep. 2025 ) + -2174.58 (Dec. 2025 ) + 844.122 (Mar. 2026 ) + 2483.942 (Jun. 2026 ) = NT$-55 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.
Nankang Rubber Tire (TPE:2101) has a Sloan Ratio % of -11.63% as of Jun. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Nankang Rubber Tire and its competitors.
Is Nankang Rubber Tire's Sloan Ratio % too high?
Nankang Rubber Tire's current Sloan Ratio % is -11.63%. Overall, Nankang Rubber Tire has a GF Score™ of 60/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Nankang Rubber Tire's Sloan Ratio % compare to ORLY and AZO?
Nankang Rubber Tire's Sloan Ratio % of -11.63% can be compared against companies in the Vehicles & Parts 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 Vehicles & Parts company?
A good Sloan Ratio % depends on the Vehicles & Parts 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 Nankang Rubber Tire and its competitors. Nankang Rubber Tire's current Sloan Ratio % is -11.63%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nankang Rubber Tire stock overvalued right now?
Based on GuruFocus' analysis, Nankang Rubber Tire (TPE:2101) is currently considered Possible Value Trap. The stock's GF Value™ is NT$74.10, compared to a current price of NT$29.95 — trading 59.6% below its estimated fair value. The current Sloan Ratio % is -11.63%. Nankang Rubber Tire's overall GF Score™ is 60/100 with 2 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 Nankang Rubber Tire (TPE:2101), the current Sloan Ratio % is -11.63% 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 Nankang Rubber Tire (TPE:2101) Overvalued in 2026?
Based on GuruFocus' analysis, Nankang Rubber Tire stock appears to be undervalued.
The current stock price of NT$29.95 is trading 59.6% below its estimated GF Value™ of NT$74.10.
GuruFocus considers Nankang Rubber Tire to be Possible Value Trap.
Key valuation signals for TPE:2101:
Sloan Ratio %: -11.63%
GF Value™: NT$74.10 vs. price of NT$29.95 (59.6% below fair value)
No single metric tells the full story. See the TPE:2101 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nankang Rubber Tire Corp Ltd manufactures and sells tires and rubber supplies. The products offered by the company include Motorsport, sedan series, suv & 4x4, snow series, all-season tire series, light truck series, truck/trailer series, and two-wheel series. The reportable segments of the company are: Tire - Taiwan, Tire - China, Construction Department, and others. The segments of the company include: Tire-Taiwan, Tire-China, Construction, Department and Other. It derives maximum revenue from Tire-Taiwan segment. Its geographical segments are Taiwan, the United States, Europe, Other regions in Asia, and Others. The company derives maximum revenue from Europe.
60GF Score
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