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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.
Formosan Rubber Group's Sloan Ratio for the quarter that ended in Jun. 2026 was -0.28%.
As of Jun. 2026, Formosan Rubber Group has a Sloan Ratio of -0.28%, indicating the company is in the safe zone and there is no funny business with accruals.
Formosan Rubber Group (TPE:2107) 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, Formosan Rubber Group has a Sloan Ratio of -0.28%, indicating the company is in the safe zone and there is no funny business with accruals.
Formosan Rubber Group Sloan Ratio % Related Terms
Formosan Rubber Group Sloan Ratio % Historical Data
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The historical data trend for Formosan Rubber Group'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:2107 vs LIN, SHW, ECL: Sloan Ratio % Comparison
For the Specialty Chemicals subindustry, Formosan Rubber Group'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.
Formosan Rubber Group Sloan Ratio % vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Formosan Rubber Group's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Formosan Rubber Group'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.
Formosan Rubber Group's Sloan Ratio for the fiscal year that ended in Dec. 2025 is calculated as
Formosan Rubber Group's Net Income for the trailing twelve months (TTM) ended in Jun. 2026 was 179.423 (Sep. 2025 ) + 47.059 (Dec. 2025 ) + 70.108 (Mar. 2026 ) + 275.848 (Jun. 2026 ) = NT$572 Mil.
Formosan Rubber Group's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 was 399.768 (Sep. 2025 ) + 194.958 (Dec. 2025 ) + 126.985 (Mar. 2026 ) + -102.329 (Jun. 2026 ) = NT$619 Mil.
Formosan Rubber Group's Cash Flow from Investing for the trailing twelve months (TTM) ended in Jun. 2026 was 482.414 (Sep. 2025 ) + -218 (Dec. 2025 ) + -890.311 (Mar. 2026 ) + 628.21 (Jun. 2026 ) = NT$2 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.
Formosan Rubber Group (TPE:2107) has a Sloan Ratio % of -0.28% as of Jun. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Formosan Rubber Group and its competitors.
Is Formosan Rubber Group's Sloan Ratio % too high?
Formosan Rubber Group's current Sloan Ratio % is -0.28%. Overall, Formosan Rubber Group has a GF Score™ of 75/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Formosan Rubber Group's Sloan Ratio % compare to LIN and SHW?
Formosan Rubber Group's Sloan Ratio % of -0.28% can be compared against companies in the Chemicals 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 Chemicals company?
A good Sloan Ratio % depends on the Chemicals 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 Formosan Rubber Group and its competitors. Formosan Rubber Group's current Sloan Ratio % is -0.28%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Formosan Rubber Group stock overvalued right now?
Based on GuruFocus' analysis, Formosan Rubber Group (TPE:2107) is currently considered Fairly Valued. The stock's GF Value™ is NT$26.44, compared to a current price of NT$26.70 — trading 1% above its estimated fair value. The current Sloan Ratio % is -0.28%. Formosan Rubber Group's overall GF Score™ is 75/100 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 Formosan Rubber Group (TPE:2107), the current Sloan Ratio % is -0.28% 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 Formosan Rubber Group (TPE:2107) Overvalued in 2026?
Based on GuruFocus' analysis, Formosan Rubber Group stock appears to be overvalued.
The current stock price of NT$26.70 is trading 1% above its estimated GF Value™ of NT$26.44.
GuruFocus considers Formosan Rubber Group to be Fairly Valued.
Key valuation signals for TPE:2107:
Sloan Ratio %: -0.28%
GF Value™: NT$26.44 vs. price of NT$26.70 (1% above fair value)
No single metric tells the full story. See the TPE:2107 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Formosan Rubber Group Inc produces and markets rubber sheets, plastic sheets, plastic foam sheets, and PVC resin sheets, as well as the relevant materials. It is also engaged in the property development business and the leasing, sale, and management operations for its own properties and land. Company has three revenue sources that includes Net sales revenue, Construction revenue, and Rental and logistics revenue.
75GF 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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