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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.
Cleanaway Co's Sloan Ratio for the quarter that ended in Jun. 2026 was 12.96%.
As of Jun. 2026, Cleanaway Co has a Sloan Ratio of 12.96%, indicating there is a warning stage of accrual build up.
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, Cleanaway Co has a Sloan Ratio of 12.96%, indicating there is a warning stage of accrual build up.
Cleanaway Co Sloan Ratio % Related Terms
Cleanaway Co Sloan Ratio % Historical Data
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The historical data trend for Cleanaway Co'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:8422 vs WM, RSG, WCN: Sloan Ratio % Comparison
For the Waste Management subindustry, Cleanaway 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.
Cleanaway Co Sloan Ratio % vs Waste Management Industry
For the Waste Management industry and Industrials sector, Cleanaway Co's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Cleanaway Co'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.
Cleanaway Co's Sloan Ratio for the fiscal year that ended in Dec. 2025 is calculated as
Cleanaway Co's Net Income for the trailing twelve months (TTM) ended in Jun. 2026 was 281.726 (Sep. 2025 ) + 279.523 (Dec. 2025 ) + 280.916 (Mar. 2026 ) + 458.983 (Jun. 2026 ) = NT$1,301 Mil.
Cleanaway Co's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 was 316.202 (Sep. 2025 ) + 1353.072 (Dec. 2025 ) + -1220.348 (Mar. 2026 ) + -396.189 (Jun. 2026 ) = NT$53 Mil.
Cleanaway Co's Cash Flow from Investing for the trailing twelve months (TTM) ended in Jun. 2026 was -266.955 (Sep. 2025 ) + -764.845 (Dec. 2025 ) + -632.788 (Mar. 2026 ) + -520.75 (Jun. 2026 ) = NT$-2,185 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.
Cleanaway Co (TPE:8422) has a Sloan Ratio % of 12.96% as of Jun. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Cleanaway Co and its competitors.
Is Cleanaway Co's Sloan Ratio % too high?
Cleanaway Co's current Sloan Ratio % is 12.96%. Overall, Cleanaway Co has a GF Score™ of 84/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Cleanaway Co's Sloan Ratio % compare to WM and RSG?
Cleanaway Co's Sloan Ratio % of 12.96% can be compared against companies in the Waste Management 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 Waste Management company?
A good Sloan Ratio % depends on the Waste Management 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 Cleanaway Co and its competitors. Cleanaway Co's current Sloan Ratio % is 12.96%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cleanaway Co stock overvalued right now?
Based on GuruFocus' analysis, Cleanaway Co (TPE:8422) is currently considered Modestly Overvalued. The stock's GF Value™ is NT$23.32, compared to a current price of NT$27.25 — trading 16.9% above its estimated fair value. The current Sloan Ratio % is 12.96%. Cleanaway Co's overall GF Score™ is 84/100 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 Cleanaway Co (TPE:8422), the current Sloan Ratio % is 12.96% 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 Cleanaway Co (TPE:8422) Overvalued in 2026?
Based on GuruFocus' analysis, Cleanaway Co stock appears to be overvalued.
The current stock price of NT$27.25 is trading 16.9% above its estimated GF Value™ of NT$23.32.
GuruFocus considers Cleanaway Co to be Modestly Overvalued.
Key valuation signals for TPE:8422:
Sloan Ratio %: 12.96%
GF Value™: NT$23.32 vs. price of NT$27.25 (16.9% above fair value)
No single metric tells the full story. See the TPE:8422 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Cleanaway Co Ltd is a Taiwan-based environmental protection and waste management company engaged in the treatment, recycling, transportation, and disposal of industrial and hazardous waste. The company operates through eight reportable segments: Solidification and Excavation, Landfill, Clean-up and Transport, China Operations, Investment, Paper Manufacturing, Power Sales, and Ready-Mixed Concrete. Its services include intermediate treatment of hazardous industrial waste, landfill operations, contaminated site remediation, waste removal and transportation, and environmental protection services. The company also manufactures paper products, sells renewable energy generated from solar power, and produces ready-mixed concrete.
84GF Score
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