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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.
IEI Integration's Sloan Ratio for the quarter that ended in Jun. 2026 was 12.78%.
As of Jun. 2026, IEI Integration has a Sloan Ratio of 12.78%, indicating there is a warning stage of accrual build up.
IEI Integration (TPE:3022) 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, IEI Integration has a Sloan Ratio of 12.78%, indicating there is a warning stage of accrual build up.
IEI Integration Sloan Ratio % Related Terms
IEI Integration Sloan Ratio % Historical Data
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The historical data trend for IEI Integration'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:3022 vs DELL, ANET, SNDK: Sloan Ratio % Comparison
For the Computer Hardware subindustry, IEI Integration'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.
IEI Integration Sloan Ratio % vs Hardware Industry
For the Hardware industry and Technology sector, IEI Integration's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where IEI Integration'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.
IEI Integration's Sloan Ratio for the fiscal year that ended in Dec. 2025 is calculated as
IEI Integration's Net Income for the trailing twelve months (TTM) ended in Jun. 2026 was 373.205 (Sep. 2025 ) + 374.857 (Dec. 2025 ) + 168.988 (Mar. 2026 ) + 412.719 (Jun. 2026 ) = NT$1,330 Mil.
IEI Integration's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 was 772.776 (Sep. 2025 ) + -129.11 (Dec. 2025 ) + -377.185 (Mar. 2026 ) + -521.45 (Jun. 2026 ) = NT$-255 Mil.
IEI Integration's Cash Flow from Investing for the trailing twelve months (TTM) ended in Jun. 2026 was 106.259 (Sep. 2025 ) + -1594.775 (Dec. 2025 ) + 1153.914 (Mar. 2026 ) + -267.572 (Jun. 2026 ) = NT$-602 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.
IEI Integration (TPE:3022) has a Sloan Ratio % of 12.78% as of Jun. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on IEI Integration and its competitors.
Is IEI Integration's Sloan Ratio % too high?
IEI Integration's current Sloan Ratio % is 12.78%. Overall, IEI Integration has a GF Score™ of 81/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does IEI Integration's Sloan Ratio % compare to DELL and ANET?
IEI Integration's Sloan Ratio % of 12.78% can be compared against companies in the Hardware 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 Hardware company?
A good Sloan Ratio % depends on the Hardware 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 IEI Integration and its competitors. IEI Integration's current Sloan Ratio % is 12.78%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is IEI Integration stock overvalued right now?
Based on GuruFocus' analysis, IEI Integration (TPE:3022) is currently considered Fairly Valued. The stock's GF Value™ is NT$81.89, compared to a current price of NT$90.30 — trading 10.3% above its estimated fair value. The current Sloan Ratio % is 12.78%. IEI Integration's overall GF Score™ is 81/100 with 8 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 IEI Integration (TPE:3022), the current Sloan Ratio % is 12.78% 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 IEI Integration (TPE:3022) Overvalued in 2026?
Based on GuruFocus' analysis, IEI Integration stock appears to be overvalued.
The current stock price of NT$90.30 is trading 10.3% above its estimated GF Value™ of NT$81.89.
GuruFocus considers IEI Integration to be Fairly Valued.
Key valuation signals for TPE:3022:
Sloan Ratio %: 12.78%
GF Value™: NT$81.89 vs. price of NT$90.30 (10.3% above fair value)
No single metric tells the full story. See the TPE:3022 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
IEI Integration Corp is engaged in the manufacturing and sales of computers, computer components and peripherals, and related trading. The company has three reportable segments: Order-taking, Design and Brand Sales; Product Manufacturing; and China Brand Sales, which offer different products and services. The Order-taking, Design and Brand Sales segment customizes product designs according to different customer needs, and operates brand channels for industrial computer products. The Product Manufacturing segment is engaged in OEM and branded product manufacturing. The China Brand Sales segment is responsible for brand marketing channels in Mainland China. The majority of revenue is derived from the Order-taking, Design, and Brand Sales segment.
81GF Score
Get the complete analysis for TPE:3022
Sloan Ratio % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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