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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.
Chemipro Kasei Kaisha's Sloan Ratio for the quarter that ended in Mar. 2026 was -4.05%.
As of Mar. 2026, Chemipro Kasei Kaisha has a Sloan Ratio of -4.05%, indicating the company is in the safe zone and there is no funny business with accruals.
Chemipro Kasei Kaisha (TSE:4960) 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 Mar. 2026, Chemipro Kasei Kaisha has a Sloan Ratio of -4.05%, indicating the company is in the safe zone and there is no funny business with accruals.
Chemipro Kasei Kaisha Sloan Ratio % Related Terms
Chemipro Kasei Kaisha Sloan Ratio % Historical Data
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The historical data trend for Chemipro Kasei Kaisha'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.
For the Chemicals subindustry, Chemipro Kasei Kaisha'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.
Chemipro Kasei Kaisha Sloan Ratio % vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Chemipro Kasei Kaisha's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Chemipro Kasei Kaisha'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.
Chemipro Kasei Kaisha's Sloan Ratio for the fiscal year that ended in Mar. 2026 is calculated as
Chemipro Kasei Kaisha's Net Income for the trailing twelve months (TTM) ended in Mar. 2026 was 38.117 (Sep. 2024 ) + 89.96 (Mar. 2025 ) + 3.364 (Sep. 2025 ) + 291.174 (Mar. 2026 ) = 円423 Mil.
Chemipro Kasei Kaisha's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was 1018.757 (Sep. 2024 ) + 242.173 (Mar. 2025 ) + 302.823 (Sep. 2025 ) + -262.526 (Mar. 2026 ) = 円1,301 Mil.
Chemipro Kasei Kaisha's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2026 was -96.844 (Sep. 2024 ) + -191.722 (Mar. 2025 ) + -65.952 (Sep. 2025 ) + -4.893 (Mar. 2026 ) = 円-359 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.
Chemipro Kasei Kaisha (TSE:4960) has a Sloan Ratio % of -4.05% as of Mar. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Chemipro Kasei Kaisha and its competitors.
Is Chemipro Kasei Kaisha's Sloan Ratio % too high?
Chemipro Kasei Kaisha's current Sloan Ratio % is -4.05%. Overall, Chemipro Kasei Kaisha has a GF Score™ of 49/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Chemipro Kasei Kaisha's Sloan Ratio % compare to DOW?
Chemipro Kasei Kaisha's Sloan Ratio % of -4.05% 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 Chemipro Kasei Kaisha and its competitors. Chemipro Kasei Kaisha's current Sloan Ratio % is -4.05%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Chemipro Kasei Kaisha stock overvalued right now?
Based on GuruFocus' analysis, Chemipro Kasei Kaisha (TSE:4960) is currently considered Significantly Overvalued. The stock's GF Value™ is 円309.65, compared to a current price of 円556.00 — trading 79.6% above its estimated fair value. The current Sloan Ratio % is -4.05%. Chemipro Kasei Kaisha's overall GF Score™ is 49/100 with 6 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 Chemipro Kasei Kaisha (TSE:4960), the current Sloan Ratio % is -4.05% as of Mar. 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 Chemipro Kasei Kaisha (TSE:4960) Overvalued in 2026?
Based on GuruFocus' analysis, Chemipro Kasei Kaisha stock appears to be overvalued.
The current stock price of 円556.00 is trading 79.6% above its estimated GF Value™ of 円309.65.
GuruFocus considers Chemipro Kasei Kaisha to be Significantly Overvalued.
Key valuation signals for TSE:4960:
Sloan Ratio %: -4.05%
GF Value™: 円309.65 vs. price of 円556.00 (79.6% above fair value)
No single metric tells the full story. See the TSE:4960 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Chemipro Kasei Kaisha Ltd is a Japan-based company engaged in the manufacture and sale of organic and industrial chemicals. It manufactures ultraviolet absorbers, intermediates of photographic chemicals, and papermaking chemical agents.
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