Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
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.
TOIN's Sloan Ratio for the quarter that ended in Sep. 2025 was -2.34%.
As of Sep. 2025, TOIN has a Sloan Ratio of -2.34%, indicating the company is in the safe zone and there is no funny business with accruals.
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 Sep. 2025, TOIN has a Sloan Ratio of -2.34%, indicating the company is in the safe zone and there is no funny business with accruals.
TOIN Sloan Ratio % Related Terms
TOIN Sloan Ratio % Historical Data
* Premium members only.
The historical data trend for TOIN'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 Packaging & Containers subindustry, TOIN'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.
TOIN Sloan Ratio % vs Packaging & Containers Industry
For the Packaging & Containers industry and Consumer Cyclical sector, TOIN's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where TOIN'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.
TOIN's Sloan Ratio for the fiscal year that ended in Mar. 2025 is calculated as
For company reported semi-annually, GuruFocus uses latest two semi-annual data as the TTM data.
TOIN's Net Income for the trailing twelve months (TTM) ended in Sep. 2025 was 308.17 (Mar. 2025 ) + 377.72 (Sep. 2025 ) = 円686 Mil.
TOIN's Cash Flow from Operations for the trailing twelve months (TTM) ended in Sep. 2025 was 1212.864 (Mar. 2025 ) + 484.759 (Sep. 2025 ) = 円1,698 Mil.
TOIN's Cash Flow from Investing for the trailing twelve months (TTM) ended in Sep. 2025 was -162.453 (Mar. 2025 ) + -370.67 (Sep. 2025 ) = 円-533 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.
TOIN (TSE:7923) has a Sloan Ratio % of -2.34% as of Sep. 2025. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on TOIN and its competitors.
Is TOIN's Sloan Ratio % too high?
TOIN's current Sloan Ratio % is -2.34%. Overall, TOIN has a GF Score™ of 50/100, reflecting its overall financial health beyond just this single metric.
How does TOIN's Sloan Ratio % compare to SW and PKG?
TOIN's Sloan Ratio % of -2.34% can be compared against companies in the Packaging & Containers 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 Packaging & Containers company?
A good Sloan Ratio % depends on the Packaging & Containers 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 TOIN and its competitors. TOIN's current Sloan Ratio % is -2.34%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TOIN stock overvalued right now?
TOIN (TSE:7923) has a current Sloan Ratio % of -2.34%. The stock's GF Value™ is 円719.30, compared to a current price of 円1,178.00 — trading 63.8% above its estimated fair value. The current Sloan Ratio % is -2.34%. TOIN's overall GF Score™ is 50/100 with 8 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 TOIN (TSE:7923), the current Sloan Ratio % is -2.34% as of Sep. 2025. 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 TOIN (TSE:7923) Overvalued in 2026?
Based on GuruFocus' analysis, TOIN stock appears to be overvalued.
The current stock price of 円1,178.00 is trading 63.8% above its estimated GF Value™ of 円719.30.
Key valuation signals for TSE:7923:
Sloan Ratio %: -2.34%
GF Value™: 円719.30 vs. price of 円1,178.00 (63.8% above fair value)
No single metric tells the full story. See the TSE:7923 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
TOIN Corp is engaged in manufacturing of paper containers like food, confectionary, cosmetics, pharmaceuticals, and resin packages. The company is also engaged in the manufacture and sale of labels, contract packaging of quasi-drugs, and food, and precision coating contract work for electronic equipment components such as functional films, and is working to expand its business in a diversified manner based on printing technology.
50GF Score
Get the complete analysis for TSE:7923
Sloan Ratio % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
TSE:7923 has been successfully added to your 
