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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.
Union Bank of Taiwan's Sloan Ratio for the quarter that ended in Mar. 2026 was 1.88%.
As of Mar. 2026, Union Bank of Taiwan has a Sloan Ratio of 1.88%, indicating the company is in the safe zone and there is no funny business with accruals.
Union Bank of Taiwan (TPE:2838) 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, Union Bank of Taiwan has a Sloan Ratio of 1.88%, indicating the company is in the safe zone and there is no funny business with accruals.
Union Bank of Taiwan Sloan Ratio % Related Terms
Union Bank of Taiwan Sloan Ratio % Historical Data
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The historical data trend for Union Bank of Taiwan'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.
Union Bank of Taiwan Sloan Ratio % Competitor Comparison
For the Banks - Regional subindustry, Union Bank of Taiwan'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.
Union Bank of Taiwan Sloan Ratio % vs Banks Industry
For the Banks industry and Financial Services sector, Union Bank of Taiwan's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Union Bank of Taiwan'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.
Union Bank of Taiwan's Sloan Ratio for the fiscal year that ended in Dec. 2025 is calculated as
Union Bank of Taiwan's Net Income for the trailing twelve months (TTM) ended in Mar. 2026 was 1449.682 (Jun. 2025 ) + 1821.818 (Sep. 2025 ) + 1623.88 (Dec. 2025 ) + 1507.841 (Mar. 2026 ) = NT$6,403 Mil.
Union Bank of Taiwan's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was 7271.885 (Jun. 2025 ) + -8371.893 (Sep. 2025 ) + -13522.986 (Dec. 2025 ) + 1533.718 (Mar. 2026 ) = NT$-13,089 Mil.
Union Bank of Taiwan's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2026 was -5862.436 (Jun. 2025 ) + 4008.75 (Sep. 2025 ) + 1912.748 (Dec. 2025 ) + -594.435 (Mar. 2026 ) = NT$-535 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.
Union Bank of Taiwan (TPE:2838) has a Sloan Ratio % of 1.88% as of Mar. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Union Bank of Taiwan and its competitors.
Is Union Bank of Taiwan's Sloan Ratio % too high?
Union Bank of Taiwan's current Sloan Ratio % is 1.88%. Overall, Union Bank of Taiwan has a GF Score™ of 82/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Union Bank of Taiwan's Sloan Ratio % compare to competitors?
Union Bank of Taiwan's Sloan Ratio % of 1.88% can be compared against companies in the Banks 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 Banks company?
A good Sloan Ratio % depends on the Banks 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 Union Bank of Taiwan and its competitors. Union Bank of Taiwan's current Sloan Ratio % is 1.88%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Union Bank of Taiwan stock overvalued right now?
Based on GuruFocus' analysis, Union Bank of Taiwan (TPE:2838) is currently considered Modestly Overvalued. The stock's GF Value™ is NT$15.83, compared to a current price of NT$20.25 — trading 27.9% above its estimated fair value. The current Sloan Ratio % is 1.88%. Union Bank of Taiwan's overall GF Score™ is 82/100 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 Union Bank of Taiwan (TPE:2838), the current Sloan Ratio % is 1.88% 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 Union Bank of Taiwan (TPE:2838) Overvalued in 2026?
Based on GuruFocus' analysis, Union Bank of Taiwan stock appears to be overvalued.
The current stock price of NT$20.25 is trading 27.9% above its estimated GF Value™ of NT$15.83.
GuruFocus considers Union Bank of Taiwan to be Modestly Overvalued.
Key valuation signals for TPE:2838:
Sloan Ratio %: 1.88%
GF Value™: NT$15.83 vs. price of NT$20.25 (27.9% above fair value)
No single metric tells the full story. See the TPE:2838 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Union Bank of Taiwan mainly engaged in activities allowed under the Banking Law, which cover deposits, loans, discounts, remittances, acceptances, issuance of guarantees and letters of credit, short-term bills transactions, investments, foreign exchange transactions, savings, trust, etc. The company's reportable segments are Corporate banking unit consist Corporate banking, foreign exchange business, debt management and public treasury business; Consumer banking unit consider financial management and loan business, credit card business and car-loan business; Wealth management and trust unit; Investing unit; and Leasing unit. The majority of revenue comes from Consumer banking. The Company's operations are mainly in Taiwan.
82GF Score
Get the complete analysis for TPE:2838
Sloan Ratio % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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