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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, Polytronics Technology has a Sloan Ratio of 3.66%, indicating the company is in the safe zone and there is no funny business with accruals.
Polytronics Technology (TPE:6224) 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, Polytronics Technology has a Sloan Ratio of 3.66%, indicating the company is in the safe zone and there is no funny business with accruals.
Polytronics Technology Sloan Ratio % Related Terms
Polytronics Technology 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:6224 vs APH, GLW, TEL: Sloan Ratio % Comparison
For the Electronic Components subindustry, Polytronics Technology'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.
Polytronics Technology Sloan Ratio % vs Hardware Industry
For the Hardware industry and Technology sector, Polytronics Technology's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Polytronics Technology'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.
Polytronics Technology's Sloan Ratio for the fiscal year that ended in Dec. 2025 is calculated as
Polytronics Technology's Net Income for the trailing twelve months (TTM) ended in Jun. 2026 was 11.665 (Sep. 2025 ) + -26.133 (Dec. 2025 ) + 53.918 (Mar. 2026 ) + 62.306 (Jun. 2026 ) = NT$102 Mil.
Polytronics Technology's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 was 36.73 (Sep. 2025 ) + 21.457 (Dec. 2025 ) + -6.922 (Mar. 2026 ) + -48.911 (Jun. 2026 ) = NT$2 Mil.
Polytronics Technology's Cash Flow from Investing for the trailing twelve months (TTM) ended in Jun. 2026 was 138.342 (Sep. 2025 ) + -68.153 (Dec. 2025 ) + 5.041 (Mar. 2026 ) + -135.698 (Jun. 2026 ) = NT$-60 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.
Polytronics Technology (TPE:6224) has a Sloan Ratio % of 3.66% as of Jun. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Polytronics Technology and its competitors.
Is Polytronics Technology's Sloan Ratio % too high?
Polytronics Technology's current Sloan Ratio % is 3.66%. Overall, Polytronics Technology has a GF Score™ of 78/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Polytronics Technology's Sloan Ratio % compare to APH and GLW?
Polytronics Technology's Sloan Ratio % of 3.66% 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 Polytronics Technology and its competitors. Polytronics Technology's current Sloan Ratio % is 3.66%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Polytronics Technology stock overvalued right now?
Based on GuruFocus' analysis, Polytronics Technology (TPE:6224) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$56.58, compared to a current price of NT$87.50 — trading 54.6% above its estimated fair value. The current Sloan Ratio % is 3.66%. Polytronics Technology's overall GF Score™ is 78/100 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 Polytronics Technology (TPE:6224), the current Sloan Ratio % is 3.66% 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 Polytronics Technology (TPE:6224) Overvalued in 2026?
Based on GuruFocus' analysis, Polytronics Technology stock appears to be overvalued.
The current stock price of NT$87.50 is trading 54.6% above its estimated GF Value™ of NT$56.58.
GuruFocus considers Polytronics Technology to be Significantly Overvalued.
Key valuation signals for TPE:6224:
Sloan Ratio %: 3.66%
GF Value™: NT$56.58 vs. price of NT$87.50 (54.6% above fair value)
No single metric tells the full story. See the TPE:6224 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Polytronics Technology Corp, along with its subsidiaries, is a company that specializes in the research, development, manufacturing, and sale of polymeric positive temperature coefficient thermistors and overvoltage protection elements, as well as production-related semi-finished goods, modules, heat conductive substrates, thermal modules, heat dispersing materials, light emitting diode lighting, and modules. Geographically, the company operates in Taiwan, China (including Hong Kong) and America, and Others, of which it derives maximum revenue from China.
78GF Score
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