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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, Brightek Optoelectronic Co has a Sloan Ratio of 7.22%, indicating the company is in the safe zone and there is no funny business with accruals.
Brightek Optoelectronic Co (TPE:5244) 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, Brightek Optoelectronic Co has a Sloan Ratio of 7.22%, indicating the company is in the safe zone and there is no funny business with accruals.
Brightek Optoelectronic Co Sloan Ratio % Related Terms
Brightek Optoelectronic 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:5244 vs APH, GLW, TEL: Sloan Ratio % Comparison
For the Electronic Components subindustry, Brightek Optoelectronic 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.
Brightek Optoelectronic Co Sloan Ratio % vs Hardware Industry
For the Hardware industry and Technology sector, Brightek Optoelectronic Co's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Brightek Optoelectronic Co's Sloan Ratio % falls into.
Brightek Optoelectronic 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.
Brightek Optoelectronic Co's Net Income for the trailing twelve months (TTM) ended in Jun. 2026 was 28.761 (Sep. 2025 ) + -9.228 (Dec. 2025 ) + -32.607 (Mar. 2026 ) + -16.912 (Jun. 2026 ) = NT$-30.0 Mil.
Brightek Optoelectronic Co's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 was 57.453 (Sep. 2025 ) + -74.719 (Dec. 2025 ) + -34.416 (Mar. 2026 ) + 28.92 (Jun. 2026 ) = NT$-22.8 Mil.
Brightek Optoelectronic Co's Cash Flow from Investing for the trailing twelve months (TTM) ended in Jun. 2026 was -153.597 (Sep. 2025 ) + -38.691 (Dec. 2025 ) + -0.853 (Mar. 2026 ) + -13.471 (Jun. 2026 ) = NT$-206.6 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.
Brightek Optoelectronic Co (TPE:5244) has a Sloan Ratio % of 7.22% as of Jun. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Brightek Optoelectronic Co and its competitors.
Is Brightek Optoelectronic Co's Sloan Ratio % too high?
Brightek Optoelectronic Co's current Sloan Ratio % is 7.22%. Overall, Brightek Optoelectronic Co has a GF Score™ of 83/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Brightek Optoelectronic Co's Sloan Ratio % compare to APH and GLW?
Brightek Optoelectronic Co's Sloan Ratio % of 7.22% 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 Brightek Optoelectronic Co and its competitors. Brightek Optoelectronic Co's current Sloan Ratio % is 7.22%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Brightek Optoelectronic Co stock overvalued right now?
Based on GuruFocus' analysis, Brightek Optoelectronic Co (TPE:5244) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$41.06, compared to a current price of NT$34.40 — trading 16.2% below its estimated fair value. The current Sloan Ratio % is 7.22%. Brightek Optoelectronic Co's overall GF Score™ is 83/100 with 9 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 Brightek Optoelectronic Co (TPE:5244), the current Sloan Ratio % is 7.22% 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 Brightek Optoelectronic Co (TPE:5244) Overvalued in 2026?
Based on GuruFocus' analysis, Brightek Optoelectronic Co stock appears to be undervalued.
The current stock price of NT$34.40 is trading 16.2% below its estimated GF Value™ of NT$41.06.
GuruFocus considers Brightek Optoelectronic Co to be Modestly Undervalued.
Key valuation signals for TPE:5244:
Sloan Ratio %: 7.22%
GF Value™: NT$41.06 vs. price of NT$34.40 (16.2% below fair value)
No single metric tells the full story. See the TPE:5244 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Brightek Optoelectronic Co Ltd is a Taiwan-based company principally engaged in the manufacturing and trading of optoelectronic components and LED solutions. Its products include LED modules, SMD LEDs, infrared LEDs, automotive LEDs, high-power LEDs, RGB LEDs, ICLEDs, optical sensors, and smart lighting solutions used in automotive, consumer electronics, sensing, and intelligent illumination applications. The company operates geographically across Asia, America, Europe, and other regions, with the majority of its revenue derived from Asia.
83GF Score
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