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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.
Grems's Sloan Ratio for the quarter that ended in Jun. 2026 was 18.49%.
As of Jun. 2026, Grems has a Sloan Ratio of 18.49%, 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, Grems has a Sloan Ratio of 18.49%, indicating there is a warning stage of accrual build up.
Grems Sloan Ratio % Related Terms
Grems Sloan Ratio % Historical Data
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The historical data trend for Grems'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.
TSE:3150 vs NEE, SO, DUK: Sloan Ratio % Comparison
For the Utilities - Regulated Electric subindustry, Grems'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.
Grems Sloan Ratio % vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Grems's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Grems'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.
Grems's Sloan Ratio for the fiscal year that ended in Mar. 2026 is calculated as
Grems's Net Income for the trailing twelve months (TTM) ended in Jun. 2026 was 1303.369 (Sep. 2025 ) + 1439.475 (Dec. 2025 ) + 949.261 (Mar. 2026 ) + 1333.278 (Jun. 2026 ) = 円5,025 Mil.
Grems's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 was (Sep. 2025 ) + (Dec. 2025 ) + (Mar. 2026 ) + (Jun. 2026 ) = 円0 Mil.
Grems's Cash Flow from Investing for the trailing twelve months (TTM) ended in Jun. 2026 was (Sep. 2025 ) + (Dec. 2025 ) + (Mar. 2026 ) + (Jun. 2026 ) = 円0 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.
Grems (TSE:3150) has a Sloan Ratio % of 18.49% as of Jun. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Grems and its competitors.
Is Grems' Sloan Ratio % too high?
Grems' current Sloan Ratio % is 18.49%. Overall, Grems has a GF Score™ of 99/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Grems' Sloan Ratio % compare to NEE and SO?
Grems' Sloan Ratio % of 18.49% can be compared against companies in the Utilities - Regulated 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 an Utilities - Regulated company?
A good Sloan Ratio % depends on the Utilities - Regulated 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 Grems and its competitors. Grems's current Sloan Ratio % is 18.49%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Grems stock overvalued right now?
Based on GuruFocus' analysis, Grems (TSE:3150) is currently considered Fairly Valued. The stock's GF Value™ is 円2,609.82, compared to a current price of 円2,426.00 — trading 7% below its estimated fair value. The current Sloan Ratio % is 18.49%. Grems' overall GF Score™ is 99/100 with 2 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 Grems (TSE:3150), the current Sloan Ratio % is 18.49% 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 Grems (TSE:3150) Overvalued in 2026?
Based on GuruFocus' analysis, Grems stock appears to be undervalued.
The current stock price of 円2,426.00 is trading 7% below its estimated GF Value™ of 円2,609.82.
GuruFocus considers Grems to be Fairly Valued.
Key valuation signals for TSE:3150:
Sloan Ratio %: 18.49%
GF Value™: 円2,609.82 vs. price of 円2,426.00 (7% below fair value)
No single metric tells the full story. See the TSE:3150 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Grems Inc. is a Japanese energy services company that helps businesses and households reduce electricity costs and consumption. Through its subsidiaries, it operates three main segments. The Energy Cost Solutions Business provides consulting and energy-saving services to commercial and industrial customers, analyzing power usage and proposing efficiency measures. The Smart House Project Business supplies and installs residential energy systems, including solar power generation and battery storage. The Retail Electricity Business, which generates the largest share of revenue, sells electricity directly to consumers as a licensed retail supplier. The company primarily serves customers in Japan, generating revenue through consulting fees, equipment sales and installation, and electricity supply contracts. Its offerings are positioned around lowering energy expenses and promoting efficient power use.
99GF Score
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