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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, Double Bond Chemical Ind Co has a Sloan Ratio of 8.28%, indicating the company is in the safe zone and there is no funny business with accruals.
Double Bond Chemical Ind Co (TPE:4764) 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, Double Bond Chemical Ind Co has a Sloan Ratio of 8.28%, indicating the company is in the safe zone and there is no funny business with accruals.
Double Bond Chemical Ind Co Sloan Ratio % Related Terms
Double Bond Chemical Ind 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:4764 vs LIN, SHW, ECL: Sloan Ratio % Comparison
For the Specialty Chemicals subindustry, Double Bond Chemical Ind 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.
Double Bond Chemical Ind Co Sloan Ratio % vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Double Bond Chemical Ind Co's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Double Bond Chemical Ind Co's Sloan Ratio % falls into.
Double Bond Chemical Ind 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.
Double Bond Chemical Ind Co's Net Income for the trailing twelve months (TTM) ended in Jun. 2026 was 20.656 (Sep. 2025 ) + 51.8 (Dec. 2025 ) + 88.084 (Mar. 2026 ) + 104.967 (Jun. 2026 ) = NT$266 Mil.
Double Bond Chemical Ind Co's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 was 116.13 (Sep. 2025 ) + 72.122 (Dec. 2025 ) + 55.951 (Mar. 2026 ) + 103.418 (Jun. 2026 ) = NT$348 Mil.
Double Bond Chemical Ind Co's Cash Flow from Investing for the trailing twelve months (TTM) ended in Jun. 2026 was -5.496 (Sep. 2025 ) + -13.291 (Dec. 2025 ) + -49.808 (Mar. 2026 ) + -460.729 (Jun. 2026 ) = NT$-529 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.
Double Bond Chemical Ind Co (TPE:4764) has a Sloan Ratio % of 8.28% as of Jun. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Double Bond Chemical Ind Co and its competitors.
Is Double Bond Chemical Ind Co's Sloan Ratio % too high?
Double Bond Chemical Ind Co's current Sloan Ratio % is 8.28%. Overall, Double Bond Chemical Ind Co has a GF Score™ of 59/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Double Bond Chemical Ind Co's Sloan Ratio % compare to LIN and SHW?
Double Bond Chemical Ind Co's Sloan Ratio % of 8.28% 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 Double Bond Chemical Ind Co and its competitors. Double Bond Chemical Ind Co's current Sloan Ratio % is 8.28%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Double Bond Chemical Ind Co stock overvalued right now?
Based on GuruFocus' analysis, Double Bond Chemical Ind Co (TPE:4764) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$57.95, compared to a current price of NT$233.00 — trading 302.1% above its estimated fair value. The current Sloan Ratio % is 8.28%. Double Bond Chemical Ind Co's overall GF Score™ is 59/100. 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 Double Bond Chemical Ind Co (TPE:4764), the current Sloan Ratio % is 8.28% 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 Double Bond Chemical Ind Co (TPE:4764) Overvalued in 2026?
Based on GuruFocus' analysis, Double Bond Chemical Ind Co stock appears to be overvalued.
The current stock price of NT$233.00 is trading 302.1% above its estimated GF Value™ of NT$57.95.
GuruFocus considers Double Bond Chemical Ind Co to be Significantly Overvalued.
Key valuation signals for TPE:4764:
Sloan Ratio %: 8.28%
GF Value™: NT$57.95 vs. price of NT$233.00 (302.1% above fair value)
No single metric tells the full story. See the TPE:4764 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Double Bond Chemical Ind Co Ltd mainly engages in the production and sale of various chemical raw materials, monomer-polymers for coating, industrial additives, and special chemicals. The Company is a manufacturer of fine chemicals, focusing on the polymer and UV-coating industries. Its products include plastics additives, light-cured materials, polymer additives, UV curable materials, inkjet printing inks, electronic chemicals, and other products. The Company operates in Taiwan, China, and other markets, with China generating the maximum revenue.
59GF Score
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