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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.
Tohbu Network Co's Sloan Ratio for the quarter that ended in Mar. 2026 was 0.00%.
As of Mar. 2026, Tohbu Network Co has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
Tohbu Network Co (TSE:9036) 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, Tohbu Network Co has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
Tohbu Network Co Sloan Ratio % Related Terms
Tohbu Network Co Sloan Ratio % Historical Data
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The historical data trend for Tohbu Network 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:9036 vs UPS, FDX, EXPD: Sloan Ratio % Comparison
For the Integrated Freight & Logistics subindustry, Tohbu Network 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.
Tohbu Network Co Sloan Ratio % vs Transportation Industry
For the Transportation industry and Industrials sector, Tohbu Network Co's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Tohbu Network 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.
Tohbu Network Co's Sloan Ratio for the fiscal year that ended in Mar. 2026 is calculated as
Tohbu Network Co's Net Income for the trailing twelve months (TTM) ended in Mar. 2026 was 25.108 (Sep. 2024 ) + 1.362 (Mar. 2025 ) + 85.033 (Sep. 2025 ) + 37.702 (Mar. 2026 ) = 円149 Mil.
Tohbu Network Co's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was (Sep. 2024 ) + (Mar. 2025 ) + (Sep. 2025 ) + (Mar. 2026 ) = 円0 Mil.
Tohbu Network Co's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2026 was (Sep. 2024 ) + (Mar. 2025 ) + (Sep. 2025 ) + (Mar. 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.
Tohbu Network Co (TSE:9036) has a Sloan Ratio % of 0.00% as of Mar. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Tohbu Network Co and its competitors.
Is Tohbu Network Co's Sloan Ratio % too high?
Tohbu Network Co's current Sloan Ratio % is 0.00%. Overall, Tohbu Network Co has a GF Score™ of 69/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Tohbu Network Co's Sloan Ratio % compare to UPS and FDX?
Tohbu Network Co's Sloan Ratio % of 0.00% can be compared against companies in the Transportation 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 Transportation company?
A good Sloan Ratio % depends on the Transportation 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 Tohbu Network Co and its competitors. Tohbu Network Co's current Sloan Ratio % is 0.00%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tohbu Network Co stock overvalued right now?
Based on GuruFocus' analysis, Tohbu Network Co (TSE:9036) is currently considered Significantly Overvalued. The stock's GF Value™ is 円910.17, compared to a current price of 円1,246.00 — trading 36.9% above its estimated fair value. The current Sloan Ratio % is 0.00%. Tohbu Network Co's overall GF Score™ is 69/100 with 5 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 Tohbu Network Co (TSE:9036), the current Sloan Ratio % is 0.00% 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 Tohbu Network Co (TSE:9036) Overvalued in 2026?
Based on GuruFocus' analysis, Tohbu Network Co stock appears to be overvalued.
The current stock price of 円1,246.00 is trading 36.9% above its estimated GF Value™ of 円910.17.
GuruFocus considers Tohbu Network Co to be Significantly Overvalued.
Key valuation signals for TSE:9036:
Sloan Ratio %: 0.00%
GF Value™: 円910.17 vs. price of 円1,246.00 (36.9% above fair value)
No single metric tells the full story. See the TSE:9036 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tohbu Network Co Ltd is engaged in cargo car transport business, cargo use transportation business, specified passenger car transportation business, real estate leasing business, warehouse industry, worker dispatch business, industrial waste collection, and sales business of petroleum and high pressure gases.
69GF Score
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Sloan Ratio % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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