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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.
Tsukuba Seiko Co's Sloan Ratio for the quarter that ended in Mar. 2026 was 2.75%.
As of Mar. 2026, Tsukuba Seiko Co has a Sloan Ratio of 2.75%, indicating the company is in the safe zone and there is no funny business with accruals.
Tsukuba Seiko Co (TSE:6596) 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, Tsukuba Seiko Co has a Sloan Ratio of 2.75%, indicating the company is in the safe zone and there is no funny business with accruals.
Tsukuba Seiko Co Sloan Ratio % Related Terms
Tsukuba Seiko Co Sloan Ratio % Historical Data
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The historical data trend for Tsukuba Seiko 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.
TSE:6596 vs LRCX, AMAT, KLAC: Sloan Ratio % Comparison
For the Semiconductor Equipment & Materials subindustry, Tsukuba Seiko 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.
Tsukuba Seiko Co Sloan Ratio % vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Tsukuba Seiko Co's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Tsukuba Seiko 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.
Tsukuba Seiko Co's Sloan Ratio for the fiscal year that ended in Mar. 2026 is calculated as
For company reported semi-annually, GuruFocus uses latest two semi-annual data as the TTM data.
Tsukuba Seiko Co's Net Income for the trailing twelve months (TTM) ended in Mar. 2026 was -41.125 (Sep. 2025 ) + -8.229 (Mar. 2026 ) = 円-49.4 Mil.
Tsukuba Seiko Co's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was -71.848 (Sep. 2025 ) + 25.944 (Mar. 2026 ) = 円-45.9 Mil.
Tsukuba Seiko Co's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2026 was -3.425 (Sep. 2025 ) + -7.157 (Mar. 2026 ) = 円-10.6 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.
Tsukuba Seiko Co (TSE:6596) has a Sloan Ratio % of 2.75% as of Mar. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Tsukuba Seiko Co and its competitors.
Is Tsukuba Seiko Co's Sloan Ratio % too high?
Tsukuba Seiko Co's current Sloan Ratio % is 2.75%. Overall, Tsukuba Seiko Co has a GF Score™ of 58/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Tsukuba Seiko Co's Sloan Ratio % compare to LRCX and AMAT?
Tsukuba Seiko Co's Sloan Ratio % of 2.75% can be compared against companies in the Semiconductors 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 Semiconductors company?
A good Sloan Ratio % depends on the Semiconductors 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 Tsukuba Seiko Co and its competitors. Tsukuba Seiko Co's current Sloan Ratio % is 2.75%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tsukuba Seiko Co stock overvalued right now?
Based on GuruFocus' analysis, Tsukuba Seiko Co (TSE:6596) is currently considered Modestly Undervalued. The stock's GF Value™ is 円1,180.25, compared to a current price of 円990.00 — trading 16.1% below its estimated fair value. The current Sloan Ratio % is 2.75%. Tsukuba Seiko Co's overall GF Score™ is 58/100 with 1 warning sign 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 Tsukuba Seiko Co (TSE:6596), the current Sloan Ratio % is 2.75% 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 Tsukuba Seiko Co (TSE:6596) Overvalued in 2026?
Based on GuruFocus' analysis, Tsukuba Seiko Co stock appears to be undervalued.
The current stock price of 円990.00 is trading 16.1% below its estimated GF Value™ of 円1,180.25.
GuruFocus considers Tsukuba Seiko Co to be Modestly Undervalued.
Key valuation signals for TSE:6596:
Sloan Ratio %: 2.75%
GF Value™: 円1,180.25 vs. price of 円990.00 (16.1% below fair value)
No single metric tells the full story. See the TSE:6596 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tsukuba Seiko Co Ltd is mainly engaged in the development, manufacture, and sale of electrostatic clamping systems. Its product offerings include thin hand, cordless holder, wafer support, waferhand, and electrostatic belt.
58GF Score
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