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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, Visual Photonics Epitaxy Co has a Sloan Ratio of 6.72%, indicating the company is in the safe zone and there is no funny business with accruals.
Visual Photonics Epitaxy Co (TPE:2455) 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, Visual Photonics Epitaxy Co has a Sloan Ratio of 6.72%, indicating the company is in the safe zone and there is no funny business with accruals.
Visual Photonics Epitaxy Co Sloan Ratio % Related Terms
Visual Photonics Epitaxy Co 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.
TPE:2455 vs LRCX, AMAT, KLAC: Sloan Ratio % Comparison
For the Semiconductor Equipment & Materials subindustry, Visual Photonics Epitaxy Co'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.
Visual Photonics Epitaxy Co Sloan Ratio % vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Visual Photonics Epitaxy Co's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Visual Photonics Epitaxy Co's Sloan Ratio % falls into.
Visual Photonics Epitaxy Co 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.
Visual Photonics Epitaxy Co's Net Income for the trailing twelve months (TTM) ended in Jun. 2026 was 160.464 (Sep. 2025 ) + 193.882 (Dec. 2025 ) + 195.085 (Mar. 2026 ) + 213.588 (Jun. 2026 ) = NT$763 Mil.
Visual Photonics Epitaxy Co's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 was 138.332 (Sep. 2025 ) + 263.204 (Dec. 2025 ) + 295.46 (Mar. 2026 ) + 338.543 (Jun. 2026 ) = NT$1,036 Mil.
Visual Photonics Epitaxy Co's Cash Flow from Investing for the trailing twelve months (TTM) ended in Jun. 2026 was -22.48 (Sep. 2025 ) + -184.409 (Dec. 2025 ) + -310.3 (Mar. 2026 ) + -139.633 (Jun. 2026 ) = NT$-657 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.
Visual Photonics Epitaxy Co (TPE:2455) has a Sloan Ratio % of 6.72% as of Jun. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Visual Photonics Epitaxy Co and its competitors.
Is Visual Photonics Epitaxy Co's Sloan Ratio % too high?
Visual Photonics Epitaxy Co's current Sloan Ratio % is 6.72%. Overall, Visual Photonics Epitaxy Co has a GF Score™ of 77/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Visual Photonics Epitaxy Co's Sloan Ratio % compare to LRCX and AMAT?
Visual Photonics Epitaxy Co's Sloan Ratio % of 6.72% can be compared against companies in the Semiconductors 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 Semiconductors company?
A good Sloan Ratio % depends on the Semiconductors 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 Visual Photonics Epitaxy Co and its competitors. Visual Photonics Epitaxy Co's current Sloan Ratio % is 6.72%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Visual Photonics Epitaxy Co stock overvalued right now?
Based on GuruFocus' analysis, Visual Photonics Epitaxy Co (TPE:2455) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$201.54, compared to a current price of NT$515.00 — trading 155.5% above its estimated fair value. The current Sloan Ratio % is 6.72%. Visual Photonics Epitaxy Co's overall GF Score™ is 77/100 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 Visual Photonics Epitaxy Co (TPE:2455), the current Sloan Ratio % is 6.72% 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 Visual Photonics Epitaxy Co (TPE:2455) Overvalued in 2026?
Based on GuruFocus' analysis, Visual Photonics Epitaxy Co stock appears to be overvalued.
The current stock price of NT$515.00 is trading 155.5% above its estimated GF Value™ of NT$201.54.
GuruFocus considers Visual Photonics Epitaxy Co to be Significantly Overvalued.
Key valuation signals for TPE:2455:
Sloan Ratio %: 6.72%
GF Value™: NT$201.54 vs. price of NT$515.00 (155.5% above fair value)
No single metric tells the full story. See the TPE:2455 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Visual Photonics Epitaxy Co Ltd is a Taiwan-based company that is principally engaged in developing, producing, and marketing of optoelectronic semiconductors epitaxy, optoelectronic components products. The company's products are used to provide solutions for wireless communications, optical fiber communications, and solar cell applications. Its products consist of GaAs Heterojunction Bipolar Transistor epi wafer, Low turn-on voltage gaAsSb HBT epi wafers, High-voltage gaAs HBT epi wafer, and InP HBT epi wafers, and others.
77GF Score
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